Tata Group business Tata Digital’s recently appointed CEO Naveen Tahilyani has rejigged the company’s senior management and recalibrated the strategy for super app Tata Neu as Tata Sons plans to invest around $1 billion into the business.
“Essentially, this is a full clean up of the old system,” an anonymous source close to the development told ET Tech. “Tata Neu has always struggled with senior-level churn, but this marks the end of the original team completely.”
After helming the fintech business of Tata Digital for around two and a half years, Modan Saha will return to work at parent company Tata Sons, ET Retail reported. Other Tata Digital senior executives Shoumyan Biswas, Bhanu Pathak, and Gaurav Porwal are gearing up to leave the business following their notice periods after resigning from their positions. Tata Neu’s CEP Pratik Pal is also returning to Tata Sons.
Tata Digital previously planned to onboard non-Tata Group brands onto its Tata Neu super app which covers a wide range of products and services ranging from fashion to bookings. However, following Tahilyani’s appointment to his current role, this plan has been paused. Tahilyani is expected to focus strongly on fintech as he comes from a background in financial services.
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