New Delhi: Tata Sons, the holding company of the $100-billion Tata group, today announced appointment of Aditya Birla Group's Head of Strategy, Saurabh Agrawal as its Group Chief Financial Officer. One of the leading investment bankers in India, Agrawal will join Tata Sons with effect from July 2017, the company said in a statement. An IIT Roorkee and IIM Calcutta alumni, Agrawal has over two decades of experience in the industry and is known as one of India's most successful investment bankers.
"He brings deep capital markets knowledge and valuable cross-industry experience to this critical leadership role in the Tata group," Tata Sons Chairman N Chandrasekaran said.
Agrawal's expertise will help Tata group in driving rigour and synergy in capital allocation decisions, investment management as well as consolidation and optimisation of the group's business portfolio, he added.
Previously he was also the 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.
Tata Sons is currently undergoing a management reshuffle as Chandrasekaran took over as chairman after the firm ousted predecessor Cyrus Mistry in a bitter boardroom coup which saw family patriach Ratan Tata returning to the helm temporarily.
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