Naveen Tahilyani is leaving Tata Digital to join Prudential Plc
MUMBAI: Naveen Tahilyani, appointed by
chairman N Chandrasekaran to lead Tata Digital over a year and three months ago, is now leaving the company. He will assume the role of regional CEO at Prudential Plc, where he will manage operations in India, Africa, the Philippines, Cambodia, Laos, and Myanmar.
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Tahilyani is set to join Prudential on July 29, focusing on the health business. Prudential, based in the UK, owns a 22% stake in ICICI Prudential Life and a 49% stake in ICICI Prudential Asset Management. In March this year, the company announced a joint venture with the HCL Group to offer health insurance in India.
Tahilyani is the second Tata Digital CEO to step down since its founding in 2019. Chandrasekaran brought in Tahilyani from Tata AIA Life Insurance, where he was CEO for over three years.
Tata Digital has struggled with losses, posting Rs 1,201 crore in FY24 on Rs 421 crore in revenue.
Tahilyani's departure creates new challenges for the company, which was established to help the Tata Group foray into e-commerce.
Tata Sons has invested over Rs 18,000 crore to buy firms like BigBasket and 1MG as well as to build Tata Neu, a super-app offering multiple products and services of the Tata Group under one platform.
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