Tata Capital, the investment bank set up by leading Indian business family the Tatas, has poached Akhil Awasthi from Baring Private Equity Partners to lead its private equity business.
The Tatas launched Tata Capital in 2007 as a wholly owned subsidiary of group holding company Tata Sons. Tata Capital is a Reserve Bank of India-registered non-banking finance company NBFC, which serves both companies and retail customers. The managing director, Praveen Kadle, was earlier chief financial officer of the Tatas' joint venture with International Business Machines IBM and has also worked with Tata Motors.
Tata Capital has been making a concerted effort to build up its investment bank. Last year it poached Niranjan...
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