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Tata Sons appoints two of its executives to board

Tata Sons today elevated its group CFO Saurabh Agrawal and group company Titan's managing director Bhaskar Bhat as directors on the board of the group.

Published: 17th November 2017 04:54 PM  |   Last Updated: 17th November 2017 06:30 PM   |  A+A-

Reuters file image used for representational purpose only.

By PTI

MUMBAI: Tata Sons today elevated its group CFO Saurabh Agrawal and group company Titan's managing director Bhaskar Bhat as directors on the board of the group.

"We welcome Bhaskar and Saurabh to the board of directors," Tata Sons chairman N Chandrasekaran said in a statement.

"The board will benefit from the tremendous experience and knowledge of these professionals in multiple domains. I look forward to working with them," he added.

Bhat has helped the group jewellery and watch brand Titan drive brand value and a market cap of USD 10 billion, while Agrawal brings deep capital market knowledge and valuable cross industry experience to the Tata group, the statement said.

The over USD105 billion Tata group operates in more than 100 countries across six continents.

Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.

In 2016-17, Tata companies collectively employ over 695,000 people.

There are 29 publicly-listed Tata enterprises with a combined market capitalisation of about USD 130.13 billion (as of March 31 2017). These include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.

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