Saurabh Agarwal, a veteran investment banker, was the strategy head of Aditya Birla Group.
Tata Sons has roped in Aditya Birla Group strategy head Saurabh Agrawal as Group Chief Financial Officer of the salt-to-software conglomerate.
Mr. Agarwal, a veteran investment banker with two decades of capital markets experience, will join Tata Sons with effect from July 2017, has worked on the multi-billion dollar Vodafone merger with Idea Cellular and the acquisition of Jaypee Group cement assets by UltraTech.
“He brings deep capital markets knowledge and valuable cross-industry experience to this critical leadership role in the Tata group. His expertise will help us in driving rigour and synergy in capital allocation decisions, investment management as well as consolidation and optimisation of the group’s business portfolio,” said Tata Sons chairman N. Chandrasekaran welcoming Mr. Agarwal.
“I am honoured to join the Tata group. It is an exciting time for the group under the leadership of Mr. Chandrasekaran, and I look forward to contributing to the group’s profitable growth with my experience in corporate finance,” said Mr. Agarwal on his appointment.
Mr. Agarwal, a graduate from IIT-Roorkee graduate and post graduate from IIM-Calcutta has been Head of the Corporate Finance Unit of Standard Chartered Bank in India and South Asia, and the Head of the Investment Banking Division in DSP Merrill Lynch
Starting his career in 1995, Mr. Agrawal has a sterling record in both strategy and execution covering a wide range of industries. Before that, he has been Head of the Corporate Finance Unit of Standard Chartered Bank in India and South Asia, and the Head of the Investment Banking Division in DSP Merrill Lynch.[“Source-ndtv”]