May 22, 2017

Tata Sons appoints Saurabh Agrawal as group chief financial officer

Mumbai: Tata Sons today announced the appointment of Saurabh Agrawal as the group chief financial officer of the company. Mr Agrawal, among India’s most successful investment bankers, brings with him over two decades of rich experience in capital markets to the Tata group.

He will join the company with effect from July 2017.

Starting his career in 1995, Mr Agrawal has a sterling record in both strategy and execution, covering a wide range of industries. He joins Tata Sons from the Aditya Birla Group, where he was head of strategy. Before that, he has been head of the corporate finance unit of Standard Chartered Bank in India and South Asia, and the head of the investment banking division in DSP Merrill Lynch.

Welcoming Mr Agrawal, the Chairman of Tata Sons, N Chandrasekaran, said, “He brings deep capital markets knowledge and valuable cross-industry experience to this critical leadership role in the Tata group. 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. We look forward to his contribution in driving financial performance of the group”.

Mr Agrawal said, “I am honoured to join the Tata group. It is an exciting time for the group under the leadership of Mr Chandrasekaran, and I look forward to contributing to the group’s profitable growth with my experience in corporate finance”.

Mr Agrawal is a graduate of the Indian Institute of Technology, Roorkee, and has a post graduate management degree from the Indian Institute of Management, Calcutta.