Rajiv Sabharwal Is Tata Capital’s New Chief
Rajiv Sabharwal will take over as Tata Capital CEO from April next year.
Tata Capital named Rajiv Sabharwal as its next chief executive officer and managing director, who will take charge from April next year.
Sabharwal will join Tata Capital in January 2018 and would take over the position from current CEO Praveen P Kadle, Tata Capital said in a statement. Kadle will assume other responsibilities in the Tata Group effective April 1, 2018.
“His (Sabharwal’s) expertise and knowledge will help Tata Capital chart the next phase of growth in financial services,” N Chandrasekaran, chairman of Tata Sons said in a statement.
An Indian Institute of Technology, Delhi graduate and post graduate from Indian Institute of Management, Lucknow, Sabharwal currently is a partner at True North Managers LLP, formerly known as India Value Fund Advisors. He is a banking veteran of over 26 years experience and served as executive director on ICICI Bank Ltd.’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.