Tata Capital today named Rajiv Sabharwal as its next CEO and MD who will take charge from April next year.
Sabharwal will join Tata Capital in January 2018 and would take over the position from current Managing Director & CEO Praveen P Kadle, Tata Capital said.
Kadle will assume other responsibilities in the Tata Group effective April 1, 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.
His expertise and knowledge will help Tata Capital chart the next phase of growth in financial services," N Chandrasekaran, Chairman, Tata Sons said in a statement.
An IIT graduate from Delhi and post graduate from IIM Lucknow, Sabharwal currently is a partner at True North Managers LLP, formerly India Value Fund Advisors.
He is a banking veteran of over 26 years experience and served as executive director on ICICI Bank's board before joining True North.
The Tata Group subsidiary caters to retail, corporate and institutional financial needs through consumer finance, advisory services, commercial finance, infrastructure finance, investment banking, private equity advisory and credit card.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
06:59 PM IST