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Mukund Govind Rajan, Chief Ethics Officer of Tata Sons has resigned from the Tata group.
A press release from Tata Sons said that Rajan has conveyed personal reasons for his decision to leave Tata Sons and has indicated he will be evaluating certain entrepreneurial pursuits in the coming months. March 31 will be his last working day with the group.
“It has been a wonderful tenure for me in the Tata group, and I shall always cherish the values of the group and the strong relationships and goodwill I have enjoyed. Now I look forward to being part of a new and very exciting entrepreneurial journey,” Rajan told Business Line.
He was recently in the news for his proposed $1 billion bid to acquire the fibre assets of Tata Teleservices along with some employees. The bid is backed by private equity fund, TPG, and a pension fund.
Rajan, 49, is a Tata veteran who has spent over 23 years with the group working with three successive Chairmen-- Ratan Tata, Cyrus Mistry and N. Chandrasekaran.
A Tata Administrative Service officer, Rajan held different positions, including as member of the Group Executive Council, Brand Custodian and Managing Director of Tata Teleservices (Maharashtra) Ltd. (TTML). He was also the Managing Partner of the $600 million Tata Opportunities Fund.
During his tenure at TTML in 2009, Rajan implemented India’s fastest triple play service to the home branded as ‘Digital Mumbai’, a 100 Mbps fibre to the home, and he piloted the company to the top position in its markets for mobile, landline and broadband net subscriber additions.
Rajan was the youngest director to be appointed on the boards of Tata Teleservices and Videsh Sanchar Nigam in the early 2000s. He was the first Brand Custodian of the group and under his watch the Tata brand was rated as the best Indian corporate brand by both Interbrand and Brand Finance.
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