| Log in
Photo Credit: Reuters

True North’s Rajiv Sabharwal to take charge as Tata Capital CEO, MD

28 September, 2017

Tata Group’s flagship financial services firm Tata Capital has
appointed veteran banker Rajiv Sabharwal as chief executive officer and managing director designate.

Sabharwal, who is currently partner at homegrown private equity firm True North Managers LLP, will assume office at Tata Capital in January next year.

Tata Capital’s current chief executive officer Praveen P Kadle will be assigned other responsibilities within the Tata Group starting next financial year, the firm said in a statement.

“We are delighted that Rajiv is joining Tata Group. With India’s financial sector growing at a rapid pace, we are confident that his experience will be highly beneficial as we expand our footprint in this industry. Rajiv’s expertise and knowledge will help Tata Capital chart the next phase of growth in financial services,” said N Chandrasekaran, chairman of Tata Sons.

“I am excited to join the Tata Group and lead Tata Capital. I am confident that the Tata financial services group will play a significant role in growing and redefining the financial sector in the country. We will leverage technology and create innovative customer-centric digital solutions,” said Sabharwal.

Sabharwal served as executive director of ICICI Bank before joining True North. The 52-year-old mechanical engineer from IIT Delhi had a short stint with Union Carbide before doing a management course at IIM Lucknow.

In his career spanning over two decades, Sabharwal has worked with ICICI Group for close to 17 years in two stints and has also been associated with companies such as Godrej & Boyce Manufacturing Co, SRF Finance and GE Capital. According to his LinkedIn profile, he was also executive director at Sequoia Capital for a little over a year. But Sabharwal is known to be closely associated with scaling up ICICI Home Finance.

Tata Capital caters to the diverse needs of retail, corporate and institutional customers. It offers consumer finance, corporate finance, investment banking, credit card distribution and advisory services, among others.

The subsidiaries of Tata Capital include Tata Capital Financial Services, Tata Capital Housing Finance and Tata Cleantech Capital. In 2016-17, Tata Capital made a profit after tax of Rs 470 crore.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Tata Capital rejigs top PE team; Cyrus Mistry picks Mukund Rajan as group's brand custodian

Tata Capital rejigs top PE team; Cyrus Mistry picks Mukund Rajan as group’s brand custodian

Bruhadeeswaran R 5 years ago
Tata Sons, the promoter firm of Tata group of companies, has appointed Mukund...
Backroom boys of India's most active angel investor Ratan Tata

Backroom boys of India’s most active angel investor Ratan Tata

Manu P Toms 1 year ago
Ratan Naval Tata seems to have turned busier after retirement. He has backed...
Tata Capital set to launch Africa-focused PE fund in partnership with multilateral firms

Tata Capital set to launch Africa-focused PE fund in partnership with multilateral firms

Bruhadeeswaran R 5 years ago
Tata Capital is in the process of raising an overseas private equity fund for...
No Comments

True North’s Rajiv Sabharwal to take charge as Tata Capital CEO, MD

Powered by WordPress.com VIP