Banmali Agrawala to come back in Tata Sons
Banmali Agrawala is set to join Tata Sons, the holding company of the Tata Group, to head the conglomerate’s realty and infrastructure cluster which covers companies like Tata Power, Tata Realty, Tata Housing and Voltas. He is South Asia CEO of General Electric.
Agrawala had left Tata Group in 2011. Within the realty and infrastructure cluster, four companies — Tata Power, Tata Housing, Voltas and Tata Projects — are the biggest revenue contributors.
Agrawala is being brought in by Tata Sons to formulate a strategy for the realty and infrastructure businesses which includes consolidation and divestures of non-core assets. A mechanical engineer, Agrawala had also worked with Wartsila and Bajaj Auto
Agrawala couldn’t be reached for immediate comments.