Tata Sons reorganises realty, infra verticals

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Mumbai | Published: March 2, 2018 5:58:22 AM

Tata Sons will be reorganising its realty and infrastructure businesses, which it said in a statement is to simplify structures, leverage synergies and scale business rapidly.

Tata Sons, Sanjay Ubale, N Chandrasekaran, Tata Sons chairman, Tata Housing Development Company, Tata realty businessThe company said its infrastructure development and concessions business will be headed by Sanjay Ubale, who will report to Banmali Agrawala, president (infrastructure, aerospace and defence), Tata Sons. (Reuters)

Tata Sons will be reorganising its realty and infrastructure businesses, which it said in a statement is to simplify structures, leverage synergies and scale business rapidly. The company said its infrastructure development and concessions business will be headed by Sanjay Ubale, who will report to Banmali Agrawala, president (infrastructure, aerospace and defence), Tata Sons. In addition, Ubale will also work with N Chandrasekaran, Tata Sons chairman, on state-related policy matters. Also, Tata’s realty business will include commercial real estate and housing businesses and will be run as a joint business headed by Sanjay Dutt, who has been appointed the new managing director of Tata Realty and Infrastructure to oversee the operations of Tata Housing Development Company. Dutt is currently CEO (India operations and private funds) at Ascendas-Singbridge and will take charge of his new role from April 1, 2018.

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