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Tata Digital CEO Naveen Tahilyani sets up new team; focuses on data, loyalty programme
Economic Times
·
1y ago
Medial
Tata Digital's CEO, Naveen Tahilyani, has made changes to the executive team of the Neu super app following the departure of several senior executives. The majority of positions have been filled by existing team members of Tata Digital. Tahilyani outlined the need to focus on loyalty programs, data utilization, customer experience, and financial services to enhance customer satisfaction and retention. Gaurav Motani has been named the new chief product officer, Hardeep Singh Guru as the chief financial officer, and Seshadri Narsimhan as the chief business officer for key verticals. Tahilyani plans to announce team structures and discuss future plans in an upcoming Neuhuddle.
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Tata Digital appoints Naveen Tahilyani as CEO, replacing Pratik Pal
Economic Times
·
1y ago
Medial
Tata Digital has appointed Naveen Tahilyani as CEO and managing director, replacing Pratik Pal. Tahilyani, currently serving as CEO and MD of Tata AIA Life Insurance, will assume his new role on February 19. The move comes with a mandate to drive Tata Digital's ecommerce unit. Pal will remain at Tata Digital to contribute his experience to the firm, but his exact role has not been specified. Tahilyani was chosen by Tata Sons Chairman N Chandrasekaran for his successful track record in the insurance, banking, and asset management sectors.
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ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm
Economic Times
·
3m ago
Medial
Naveen Tahilyani has resigned as Tata Digital CEO after just a year, highlighting the Tata group's leadership challenges in their digital sector. Under his brief tenure, the company aimed to revamp its digital strategy, focusing on Tata-owned brands and coherence among its portfolio, including Croma and BigBasket. Tahilyani, who had succeeded Pratik Pal, is expected to assume an overseas role within the Tata group. His departure adds to Tata's ongoing digital transformation struggles.
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Tata Digital explores operational integration
Economic Times
·
1y ago
Medial
Tata Digital is considering integrating the operational structures of its key assets, including BigBasket, 1mg, and Tata Cliq, to streamline operations and improve market responsiveness. BigBasket is also seeking funding of up to $100 million from parent company Tata Sons. Similarly, 1mg is expected to receive financial support. Tata Digital plans to consolidate its standalone apps under the Tata Neu app to increase consumer engagement and operational efficiency. The company aims to address slower-than-expected growth by appointing a new CEO, Naveen Tahilyani.
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Old guard is out as Tata Digital’s new CEO revamps deck
Economic Times
·
1y ago
Medial
Tata Digital is undergoing organizational changes with a number of senior management exits and a shift in focus under new CEO Naveen Tahilyani. Executives including Modan Saha, Bhanu Pathak, Shoumyan Biswas, Gaurav Porwal, and Amit Golia have resigned or moved back to Tata Sons. Tata Digital has also decided to shelve plans to bring non-Tata brands onto its Neu superapp. The focus now is expected to be on the company's fintech vertical, with plans to invest $1 billion. The company's payment solution, Tata Pay, has struggled to gain traction in the market.
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Tata AIA Life appoints Venkatachalam H as CEO & MD
Livemint
·
1y ago
Medial
Tata AIA Life Insurance has announced the appointment of Venkatachalam H as its new CEO and MD. He will succeed Naveen Tahilyani, who will continue as a non-executive director of the company. Venkatachalam joined Tata AIA in 2016 and previously served as the President and Chief Distribution Officer.
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CXO-level shifts rearrange top deck at Indian startups
Economic Times
·
1y ago
Medial
In the first half of 2024, several top-level movements were seen in various companies. Naveen Tahilyani became the CEO of Tata Digital, replacing Pratik Pal. Surinder Chawla stepped down as the MD and CEO of Paytm Payments Bank, while Rakesh Singh took over as the CEO of Paytm Money. Ritesh Pai joined PhonePe as the CEO of its international business. In the edtech sector, Arjun Mohan left Byju's India and Byju Raveendran took charge of the company's India operations. Himanshu Bajaj also left Byju's to join Alvarez & Marsal.
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Tata Digital rolls out Esops for its senior execs to push performance
Economic Times
·
1y ago
Medial
Tata Digital has introduced an employee stock option plan (Esop) for its senior executives as part of a performance-oriented culture push. The plan was approved at the company's recent annual general meeting and includes a minimum vesting period of three years. The Esop is tied to strategic goals of revenue growth, enhancing consumer experience, and achieving profitability. The response from employees has been mixed. Tata Digital's CEO, Naveen Tahilyani, has been rehauling the senior leadership, and the changes are expected to take at least six months to show results. The company is also facing integration challenges with BigBasket and 1mg, but has plans for external funding in the future.
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Dial reset, again: Tatas in talks to bring external CEO to lead Tata Digital - The Economic Times
Economic Times
·
8d ago
Medial
Tata Digital plans to appoint an external CEO, its third since 2019, in a strategic overhaul to address scale-up challenges and streamline its consumer digital portfolio, including BigBasket and Tata Cliq. This follows the exit of former CEO Naveen Tahiliyani due to strategic disagreements. Tata Sons chairman N Chandrasekaran is temporarily overseeing operations, emphasizing operational discipline and profitability. The leadership reset aims to improve delivery efficiency and foster synergies among the company's various verticals.
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Tata Sons Stalls Fresh Investments Into Its Ecommerce, Electronics Ventures : Report
Inc42
·
1y ago
Medial
Tata Digital, the holding company for Tata Group's ecommerce businesses, has reportedly invested around INR 19,000 Cr so far. However, in FY23, the combined losses of Tata Digital's key businesses, including Croma, Tata Cliq, and BigBasket, increased to over INR 4,700 Cr from INR 3,130 Cr in FY22. In response, the newly appointed CEO, Naveen Tahiliani, has implemented measures to manage costs more effectively.
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Puneet Chhatwal, Sunil D’Souza join Tata Digital board after Naveen Tahilyani’s exit - The Economic Times
Economic Times
·
1m ago
Medial
Tata Sons has appointed Puneet Chhatwal and Sunil D’Souza to Tata Digital's board to enhance its consumer business expertise after Naveen Tahilyani's departure. Ankur Verma is now acting chairman of Croma. The company will operate with board management until a CEO is appointed. This reshuffle aims to address feedback on the need for more consumer-focused leadership, as the company had previously relied on finance-oriented members.
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