Srinath Narasimhan, a Tata Group veteran, was on Wednesday appointed chief executive officer (CEO) of Tata Trusts with effect from April 1.
Srinath joins at a time when the trusts are facing litigation with the income tax department over its tax status. Also, the group is in the middle of a legal dispute with its former chairman Cyrus Mistry.
Tata Trusts owns 66 per cent stake in Tata Sons, the holding company of the group.
Narasimhan is currently managing director of Tata Teleservices, which sold its loss-making wireless telephony business to Bharti Airtel for free. But Tata
Srinath joins at a time when the trusts are facing litigation with the income tax department over its tax status. Also, the group is in the middle of a legal dispute with its former chairman Cyrus Mistry.
Tata Trusts owns 66 per cent stake in Tata Sons, the holding company of the group.
Narasimhan is currently managing director of Tata Teleservices, which sold its loss-making wireless telephony business to Bharti Airtel for free. But Tata