Tata Capital appoints Rajiv Sabharwal as CEO, M&D

Tata Capital has appointed Rajiv Sabharwal as its CEO and managing director-designate. Sabharwal will be joining the company in January 2018 and will be taking over from current Managing Director and CEO Praveen P Kadle, who is being assigned other responsibilities in the Tata Group, effective 1 April 2018.

''With India's financial sector growing at a rapid pace, we are confident that his extensive experience will be highly beneficial as we expand our footprint in this industry. Sabharwal's expertise and knowledge will help Tata Capital chart the next phase of growth in financial services,'' N Chandrasekaran, chairman, Tata Sons said.

Sabharwal is currently a partner with True North Managers LLP, formerly India Value Fund Advisors. A banking veteran with over 26 years' experience, he was an executive director on ICICI Bank's board before joining True North. He was responsible for building one of the largest retail financial services franchise in the country. He has also been part of several Reserve Bank of India and Indian Bank Association's committees. He is a graduate from IIM Lucknow and a mechanical engineer from IIT Delhi.

''The Tata brand invokes trust and 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 intend providing best in class service to our customers and create lifelong relationships with them. We will leverage technology and create innovative customer centric digital solutions,'' Sabharwal added.