Aug 21, 2019
Mumbai, August 21, 2019: Tata Sons today announced the appointment of Mr. Pratik Pal as the CEO of Tata Digital. Mr. Pal will head the new entity which has been formed to incubate new digital businesses.
Mr. Pal has been with Tata Consultancy Services for over 27 years and has held several key leadership positions across multiple business units and industry verticals. In his most recent role, Mr. Pal was the Global Head of Retail, Travel, Transportation, Hospitality and Consumer Packaged Goods Industry Unit, and responsible for the growth of TCS’ second largest industry segment.
Mr. N. Chandrasekaran, Chairman, Tata Sons, said: “Pratik brings strong domain knowledge of consumer-centric businesses to this role combined with a deep understanding of how new digital technologies are disrupting these industries. As the CEO of Tata Digital, Pratik will play a key role in building new platforms of growth. His experience and commitment will be very valuable in shaping and developing new opportunities for the Tata group in the digital economy.”
Mr. Pratik Pal, CEO (designate), Tata Digital said: “The Tata Group is a trusted institution with great strengths. It will be my endeavour in my new role to help the Group address new business opportunities and use digital technologies to meet the needs of a fast-evolving generation of consumers, who increasingly demand a unique blend of on-line and off-line engagements.”
Mr. Pal is a graduate of Electronics and Communication from Jadavpur University and holds a Master’s degree in Computer Science from Indian Statistical Institute, Kolkata.
He will up take up the new role effective August 21st, 2019.
About the Tata Group
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across 10 verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.
Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2017-18, the revenue of Tata companies, taken together, was $110.7 billion. These companies collectively employ over 700,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors.
There are 28 publicly-listed Tata enterprises with a combined market capitalisation of about $145.3 billion (as on March 31, 2018). Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Global Beverages, Titan, Tata Capital, Tata Power, Tata Advanced Systems, Indian Hotels and Tata Communications.