Srinath Narasimhan, Ratan Tata’s blue-eyed boy, has been appointed as the Chief Executive Officer of Tata Trusts with effect from April 1, 2020. A Tata group veteran, he was hand-picked by Ratan Tata to lead the conglomerate’s telecom businesses.

Narasimhan is at present Managing Director of Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd. He was earlier the Managing Director of Tata Communications and was responsible for turning the company around after the Tatas acquired the erstwhile Videsh Sanchar Nigam Ltd.

He joined the Tata Administrative Services (TAS) in 1986. “Srinath enjoys the confidence of Ratan Tata and has always been liked by him. His stints at various Tata group companies only consolidated the confidence in him,” said a person who worked with Narasimhan in Tata Communications.

Pramit Jhaveri, former Chief Executive Officer of Citi India and former Vice-Chairman of banking, capital markets and advisory for the Asia Pacific region, has also been appointed as a Trustee of the Sir Dorabji Tata Trust. The appointment is effective from February 12.

The appointments come almost a year after R Venkataramanan, a long-time Tata Group associate, resigned as managing trustee of Tata Trusts. A committee of trustees, comprising Tata Trusts Chairman Ratan Tata and Vice-Chairmen Vijay Singh and Venu Srinivasan, was then set up to select a chief executive for the trusts.

For Narasimhan, the immediate challenge would be to deal with the tax dispute over the cancellation of the Tata Trusts registration.

 

 

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