Tata Re-alligns Strategy For Realty And Infrastructure Business

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Tata Sons has announced the reorganisation of its Realty and Infrastructure businesses in order to simplify structures, leverage synergies and scale business rapidly.The longer cycle businesses of infrastructure development and concessions, will be headed by Sanjay Ubale. He has been appointed as Head – Infrastructure and Urban Solutions, Tata Sons, and will report to BanmaliAgrawala, President – Infrastructure, Aerospace & Defence, Tata Sons. In addition, Sanjay Ubale will also work closely with the Group Chairman on State related policy matters.Tata’s realty business now will include commercial real estate and housing businesses and will be run as a joint business. Sanjay Dutt has been appointed the new managing director of Tata Realty and Infrastructure and will also oversee the operations of Tata Housing Development Company. Sanjay Dutt is currently CEO, India Operations and Private Funds at Ascendas – Singbridge and will take charge of his new role from 1st April 2018, said a company release. “The Real Estate and Infrastructure businesses will both continue to grow given the needs of India’s fast-growing economy, and the Tata Group has the resources, skills and scale to make a significant impact,” said N. Chandrasekaran, Chairman, Tata Sons.

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