logo
Tata Digital CEO Naveen Tahilyani steps down, likely to join Prudential Plc

Tata Digital CEO Naveen Tahilyani steps down, likely to join Prudential Plc

Time of India23-05-2025

Tahilyani's role was gradually narrowed as plans emerged to carve out BigBasket and 1mg for separate fundraises and eventual IPOs
Naveen Tahilyani
, the CEO and MD of
Tata Digital
has stepped own just after a year of being appointed by
Tata Sons
chairman N Chandrasekaran to lead the company's
digital commerce
ambitions. Tahilyani's departure marks the exit of another top level executive. As reported by Economic Times, Hardeep Guru, the chief financial officer of Tata Digital is being considered as the frontrunner for the position. Guru is said to be a close aide of Saurabh Agarwal, Group CEO, Tata Sons. While Tahilyani's exit from Tata Digital was abrupt, reports suggest that he is transiting to
Prudential Plc
, with Tata Digital undergoing strategic changes.
Tata Digital CEO Naveen Tahilyani steps down
Tahilyani's exit comes as Tata Sons seeks leadership stability to drive execution and growth across its consumer-facing digital businesses. The Economic Times report indicate that Hardeep Guru, the current CFO of Tata Digital is being considered for the role of CEO.
The report also mentions that Tata Sons chairman N Chandrasekaran informed the staff in a town hall meeting about the exit of Tahilyani. Chandrasekaran also informed the CEO's of Taga Digital portfolio companies about the change in the leadership.
Tahilyani was tasked with reviving
Tata Neu
, the group's super app launched in April 2022. Despite a 109% increase in gross merchandise value (GMV) and a user base of 140 million, Neu has struggled with cross-platform traction, contributing to less than 10% of BigBasket and 1mg's gross sales.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
เริ่มแล้ว! ตลาด USDJPY อยู่ในช่วงขาขึ้นกว่าเดิม
IC Markets
สมัคร
Undo
His tenure saw backend integration paused to preserve individual brand identities, while Tata Digital explored new revenue streams, including quick commerce under the Flash brand.
Tahilyani's departure coincides with Tata Group's plans to raise $1.3 billion for BigBasket and 1mg, signaling a shift toward independent fundraising and IPOs for these businesses.
Meanwhile, Tata Digital has renewed its IPL title sponsorship for five years, aiming to strengthen Neu's brand presence and support new initiatives like Flash.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is...
New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is...

India.com

time16 hours ago

  • India.com

New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is...

New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is... Tata Sons, the main holding company of the Tata Group, is about to see some important changes. A few board members are set to retire soon, and new members will be brought in to take their place. These changes are expected to bring fresh ideas and energy into the company. Along with this, Tata Sons is also planning a big investment of Rs. 30,000 crore (around USD 3.5 billion) into its growing businesses. According to a report in the Economic Times , Ralf Speth, the former CEO of Jaguar Land Rover, might retire soon as he is turning 70. He joined the Tata Sons board in 2016, the same year when Cyrus Mistry was removed as chairman. Another board member, Leo Puri, stepped down in April this year. Reports say that at least one of the two vacant positions may be filled by a senior executive from one of the Tata Group companies. Who might join the board? TV Narendran, the current CEO and MD of Tata Steel, is said to be a strong candidate for the board. However, Tata Sons has not officially commented on this matter yet. Another board member, Ajay Piramal, may also step down next year as he turns 70. Piramal has been on the board since August 2016. Tata Sons follows an internal policy where people in executive roles retire at 65, while those serving on the board can remain until the age of 70. These upcoming exits and appointments are expected to significantly change the board's makeup — a board originally restructured by Ratan Tata after the removal of Cyrus Mistry. Rs. 30,000 crore investment plan Tata Sons is preparing to invest Rs. 30,000 crore in new business areas. This includes companies like Tata Digital, Tata Electronics, and Air India. A large part of this investment will also go into the defence sector and battery production units. Company officials have said that the defence business is now a key priority. This fresh funding will be in addition to the Tata Group's earlier commitment of investing USD 120 billion in new businesses over the past few years. Application to RBI for delisting Tata Sons has also applied to the Reserve Bank of India (RBI) to give up its registration certificate. The company has already cleared over Rs. 20,000 crore of debt. This move ensures that Tata Sons will remain a private company, meaning its shares will not be traded on the stock market.

AI Becoming the New Gorden Ramsey?: How AI is Sneaking into Your Kitchen.
AI Becoming the New Gorden Ramsey?: How AI is Sneaking into Your Kitchen.

Time of India

time16 hours ago

  • Time of India

AI Becoming the New Gorden Ramsey?: How AI is Sneaking into Your Kitchen.

A relationship that is beyond just personal assistants: Startups' involvement in the AI Food Revolution: Live Events AI is crammed into places you could never guess it could be: AI's contribution to health and sustainability: AI is silently revolutionizing a domain that nobody saw coming: the kitchen. It made its mark with sneak attacks in e-grocery apps like Swiggy Instamart , Big Basket, Blinkit, and Zepto via the quick little 'suggested for you' and 'you may also like' sections. Today, AI has been 'hard launching' itself as a private chef, creating a niche in food management, cooking, and diet planning by suggesting recipes based on leftovers in the fridge. This development is particularly beneficial for single professionals who live alone in today's fast-paced work-life integration in household appliances is no longer limited to personal assistants like 'Alexa' or 'Google Home.' Industry leaders such as 'Samsung' and 'LG' are etching AI into the kitchen appliances to deliver personalized food experiences. 'Samsung's Bespoke AI fridge,' for instance, not only keeps track of the content stored inside the fridge but also integrates with its fitness applications and dietary preferences to suggest meals tailored to the user's the same way, LG's ThinQ products communicate with one another, optimizing the time required to cook and the energy required, in accordance with the user's routine. AI's integration into kitchen appliances aims to de-complexify meal prep, reduce potential food waste, and promote healthy eating habits when the users aren't able to on their own. Like the urban dweller, balancing work and wellness on a startup segment of the industry is buzzing with innovative AI-driven solutions targeting meal prep and lessened food wastage. Companies such as DishGen use AI to curate recipe suggestions from leftovers readily available in the refrigerator, helping single professionals make the most out of what they have in a cost-effective and time-efficient also exist other AIs, such as 'FridgeAI' and 'LeftoverAI,' that focus on promoting food waste management by analyzing the leftover ingredients and suggesting creative recipes to satiate the user's cravings in a cost-efficient manner. These AI platforms dive into extensive recipe databases and nutrition sciences, making them valuable tools for diet- and budget-conscious users looking for convenience without taking a strike at their is fascinating to realize that this is just one part of AI's integration into our daily lives. Beyond fridges and ovens, startups have begun to explore AI's incorporation into blenders, rice cookers, spice organizers, and even grocery lists that sync conveniently with smart kitchens. This AI-everywhere approach re-writes home cooking as an effortless and customized promoting food waste management, healthy eating habits, and raising awareness about the significance of nutritional knowledge, AI-driven kitchen appliances and startups associated with meal prep aren't just extending convenience. Rather, they contribute to sustainability goals and improve public that notion doesn't exempt it from raising serious concerns about data privacy and user trust. Should AI really be entrusted with sensitive information like a user's diet and lifestyle preferences? As advancements in such technologies accelerate, it's crucial to strike a balance between innovation, transparency, and security.

BigBasket to launch 10-minute food delivery across India by March 2026, executive says
BigBasket to launch 10-minute food delivery across India by March 2026, executive says

Time of India

time16 hours ago

  • Time of India

BigBasket to launch 10-minute food delivery across India by March 2026, executive says

HighlightsIndia's BigBasket plans to launch 10-minute food delivery services nationwide by the end of fiscal 2026 to compete in the rapidly growing $7.1 billion quick-commerce market. The grocery giant aims to increase its dark store count from approximately 700 to between 1,000 and 1,200 by the end of 2025, using these locations to expedite deliveries. BigBasket will offer a menu featuring items from Starbucks and Qmin, the food arm of Indian Hotels, while avoiding partnerships with external restaurants. India's BigBasket plans to roll out 10-minute food delivery services nationwide by the end of fiscal 2026 as competition intensifies in the $7.1 billion quick-commerce space, its executive told Reuters on Tuesday. The Tata-backed grocery giant will take on established players such as Swiggy 's Snacc, Blinkit's Bistro and Zepto Cafe, which already deliver coffee and ready-to-eat snacks in less than 15 minutes. BigBasket is targeting customers of the existing food delivery firms such as Zomato and Swiggy while also unlocking a new pool of customers, co-founder Vipul Parekh told Reuters. It plans to use dark stores to fuel the service, Parekh added, extending its foothold in India's booming quick-commerce market, which Blume Venture's Indus Valley report calls the " fastest-growing industry segment ever." Dark stores are small warehouses in densely populated neighbourhood buildings, where delivery partners, typically two-wheeler riders, pick up groceries or food for delivery. BigBasket, which brought online grocery delivery service to India in 2011, aims to increase its dark store count from about 700 currently to 1,000-1,200 by the end of 2025. Following a pilot run that began a month ago in the southern city of Bengaluru, the food delivery service will now be expanded to 40 dark stores by July-end, Parekh said. Currently, about 5%-10% of BigBasket's customers who are offered the service are clubbing quick-food items with their normal online orders, but this is expected to grow further, he added. The menu will comprise items from coffee chain Starbucks and Indian Hotels' food arm Qmin, both part of the Tata group in India. No external restaurants will be partnered with, the firm said. Meanwhile, Parekh dismissed media reports of BigBasket seeking external investors for fundraising and reiterated the company's plan to go public within the next 18-24 months. "One of the advantages we have is, being a part of Tata Group, you have enough internal capital available."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store