Veteran Tata Group leader Noel Tata is stepping down as Chairman of Voltas, marking his final AGM in the role. He expressed confidence in the company's next-generation leadership, developed through internal promotions and external hires. Tata, who also recently announced his departure from Trent's chairmanship, cited the company's strong performance, including its air conditioning business exceeding one million unit sales in a record 81 days.