New Delhi, Mar 15: Mukund Rajan, the Chief Ethics Officer of Tata Sons, resigned from his post on Thursday, citing personal reasons. His last working day with the group will be March 31, a press release from Tata Sons said.
Rajan was recently in the news for his proposed $1 billion bid to acquire the fibre assets of Tata Teleservices along with some employees.
Who is Mukund Rajan?
- Brother of former RBI Governor Raghuram Rajan, Mukund Rajan joined Tata through the Tata Administrative Service (TAS) in January 1995.
- He served in the office of the then Chairman of Tata Sons, Ratan Tata, for twelve years from 1996.
- In January 2008, he was appointed managing director of Tata Teleservices (Maharashtra).
- In 2010, he subsequently moved to Tata Capital where in his last role, he was the head of private equity advisory and managing partner of the advisory team of the Tata Opportunities Fund, a private equity fund sponsored by the company.
- Rajan was the youngest director to be appointed on the boards of Tata Teleservices and Videsh Sanchar Nigam in the early 2000s.
- Under his watch, the Tata brand was rated as the best Indian corporate brand by both Interbrand and Brand Finance.
49-year-old Rajan has spent over 23 years with the Tata group working with three successive Chairmen– Ratan Tata, Cyrus Mistry and N Chandrasekaran.