Tata Sons' Chief Ethics Officer Mukund Rajan announced his exit (w.e.f 31 March 2018) from the organisation citing personal reasons. Rajan's exit was highly speculated. Rajan is the brother of former RBI governor Raghuram Rajan. Many reports in the media had underlined that a consortium led by Mukund and backed by a US-based investment group TPG Capital has bid to buy the assets of loss-making Tata Teleservices.
Rajan's appointment was the first major announcement after Cyrus Mistry took over the reins of Tata Sons from Ratan Tata in December 2012.
Tata Sons' Chief Ethics Officer Mukund Rajan announced his exit (w.e.f 31 March 2018) from the organisation citing personal reasons. Rajan's exit was highly speculated. Rajan is the brother of former RBI governor Raghuram Rajan. Many reports in the media had underlined that a consortium led by Mukund and backed by a US-based investment group TPG Capital has bid to buy the assets of loss-making Tata Teleservices.
Rajan's appointment was the first major announcement after Cyrus Mistry took over the reins of Tata Sons from Ratan Tata in December 2012.