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Tata Sons appoints investment banking veteran as CFO
May 22, 2017 / 11:10 AM / 6 months ago

Tata Sons appoints investment banking veteran as CFO

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.

Tata Motors logos are seen at their flagship showroom in Mumbai February 14, 2013. REUTERS/Vivek Prakash/Files

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

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