Tata Sons appoints investment banking veteran as CFO

Image
Reuters MUMBAI
Last Updated : May 22 2017 | 5:43 PM IST

MUMBAI (Reuters) - Tata Sons, the holding company of the $100 billion Tata conglomerate, has appointed Saurabh Agrawal as the chief financial officer of the company.

Agrawal will be moving to Tata Sons from the diversified metals-to-telecom Aditya Birla Group where he served as head of strategy. Agrawal will join the company from July 2017, a Tata Sons said in a statement on Monday.

He has also had stints as head of corporate finance unit of Standard Chartered Bank in India and South Asia, and head of investment banking division at DSP Merrill Lynch.

"His expertise will help us in driving rigour and synergy in capital allocation decisions, investment management as well as consolidation and optimisation of the group's business portfolio," the company's chairman N Chandrasekaran said in the statement.

(Reporting by Promit Mukherjee; Editing by Vyas Mohan)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2017 | 5:28 PM IST

Next Story