Tata Sons’ name Saurabh Agrawal as CFO

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Bringing a major change in the hierarchy, Tata Sons has recently hired Aditya Birla Group’s strategy head Saurabh Agrawal as its Group Chief Financial Officer.

Agarwal, who will join from July, is a veteran investment banker with two decades of capital markets experience.

He has also worked on the multi-billion dollar Vodafone merger with Idea Cellular and the acquisition of Jaypee Group cement assets by UltraTech.

“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,” said Tata Sons chairman N. Chandrasekaran.

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

He is a graduate from IIT-Roorkee and post graduate from IIM-Calcutta. He has also 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.

Agrawal started his career in 1995, aan excellent record in both strategy and execution covering a wide range of industries. 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.

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