Tata Sons' Chief Ethics Officer Mukund Rajan resigns from his post

MUMBAI: In an expected move, Mukund Rajan, 49, Chief Ethics Officer Tata group has quit citing personal reasons. He has indicated he will be evaluating certain entrepreneurial pursuits in the coming months. Rajan's exit had been the subject of much speculation among several other recent high profile exits from the Tata group.

Mukund Rajan who is also brother of the ex-RBI Governor Raghuram Rajan and was recently in news for his proposed bid to acquire the fiber assets of Tata’s telecom business, Tata Teleservices, backed by private equity and pension funds, including TPG. His offer of over $1 Bn to protect all the jobs in this business, would make it the largest Management Buy-Out in Indian corporate history.

As a Tata Administrative Service (TAS) Officer in the Tata Group for over a period of 23 years Rajan has discharged different responsibilities, including Managing Director of Tata Teleservices (Maharashtra) Limited, Managing Partner of the Tata Opportunities Fund, and Brand Custodian and Member of the Group Executive Council at the Tata group. He has worked with successive Tata Chairmen, including Ratan Tata, Cyrus Mistry, and N. Chandrasekaran.


Dr Rajan was the youngest director to be appointed on the boards of major Tata companies, Tata Teleservices Limited and Videsh Sanchar Nigam Limited (VSNL) in the early 2000s.

At TTML, he has been credited for delivering in 2009 India's fastest triple play service to the home, a 100 Mbps fiber to the home (FTTH) offering under the trademarked 'Digital Mumbai' brand; and launched the largest debut private equity fund in India, the ~ $600 million Tata Opportunities Fund. After joining the new Tata Group Executive Council set up by new Chairman Cyrus Mistry at Tata Sons, he took responsibility as the first Tata Brand Custodian for the Tata brand and also undertook the first overhaul in a generation of the Tata Code of Conduct.