Kadle appointed MD of Tata Capital

Praveen Kadle, executive director (finance and corporate affairs) of Tata Motors, has been appointed as the managing director of Tata Capital with immediate effect, a release from Tata Motors stated today. C Ramakrishnan is being appointed as the chief financial officer of Tata Motors with effect from today. He was the vice-president (chairman's office).

Tata Capital, promoted by Tata Sons, was formed in June this year, and will be the main Tata Group vehicle in the financial services space. The company will deal in capital markets, merchant banking, housing finance, private equity, and vehicle and retail finance.

Tata Sons' other financial services companies in which it has substantial holdings, including Tata AIG Insurance, Tata Asset Management Co and Tata Investment Corporation, will remain separate entities.