Tata Digital, the digital subsidiary of the diversified conglomerate Tata Group, has named Naveen Tahilyani as its new Chief Executive Officer (CEO) and Managing Director (MD).
Tahilyani is scheduled to assume his new role on February 19th. Before this appointment, he held the position of CEO and MD at Tata AIA Life Insurance, as stated by the company.
Tata Digital hosts the Tata Group’s superapp, Tata Neu. Tahilyani will assume responsibility from Pratik Pal, who led the launch of Tata Neu.
“I am delighted to welcome Naveen to Tata Digital. Naveen brings in (a) strong understanding of (the) consumer domain and a very successful track record of leadership. I wish Naveen success in his new role,” said Tata Sons Chairman N Chandrasekaran.
As an alumnus of both IIT Madras and IIM-Ahmedabad, Tahilyani brings over twenty years of experience, having previously worked with Axis Bank, McKinsey, and other notable organizations.
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Meanwhile, the company announced that Pal will stay with Tata Digital to ensure continuity and contribute his extensive experience to the organization. However, there is no clarity on Pal’s specific new role within the company.
“Pratik has been successfully leading the company since its inception and led Tata Group’s foray into digital commerce. I would like to thank Pratik for his significant contribution to Tata Digital,” Chandrasekaran said in the statement.
The development comes at a time when Tata Digital has been witnessing a series of exits at the top level. Recently, it was reported that Tata Digital’s chief software architect Pavan Podila and Samir Aksekar, chief information security officer, were on their way out.
In October 2023, Rajiv Subramanian, who was overseeing Tata Neu’s travel division at the time, also resigned from his role. Before that, several other senior executives, such as Prateek Mehta and Sharath Bulusu, had also left the company.
Nevertheless, the conglomerate is reportedly strategizing for a new billion-dollar fund injection into Tata Digital, despite the latter experiencing a 5.6X year-on-year surge in its consolidated net loss to INR 3,052 Cr in FY22.
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