Tata Power CEO and MD Anil Sardana steps down stating personal reasons

The company's board has taken on record his resignation which will be affective from close of business hours on April 30, 2018

Tata Power Chief Executive Officer and Managing Director Anil Sardana has stepped down, the company said on Monday, adding the resignation would be effective from April 30.  “Anil Sardana has submitted his resignation for personal reasons,” it said in a statement to the BSE.

Speaking to Business Standard, Sardana said, “It was good seven years in the company. It was a personal call.” Sardana was appointed the CEO and MD in 2011. This was his second innings with the firm. Prior to moving to Tata Power, Sardana was in-charge of the firm’s Delhi distribution business.

An electrical engineer, Sardana was the executive