Latest news with #TataNeu
Time of India
23-05-2025
- Business
- Time of India
Tata Digital CEO Naveen Tahilyani steps down, likely to join Prudential Plc
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.
Time of India
22-05-2025
- Business
- Time of India
ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm
In a fresh top-deck churn, Tata Digital CEO and MD Naveen Tahilyani has stepped down just a year after being handpicked by Tata Sons Chairman N Chandrasekaran to steady the group's digital commerce ambitions. His abrupt exit underscores the Tata group 's ongoing struggle to stabilise leadership at its much-hyped superapp venture, Tata Neu . Tahilyani, a Tata veteran who was previously CEO of Tata AIA Life Insurance, was tasked with bringing executional rigour, financial discipline, and consumer focus to a fragmented digital portfolio spanning BigBasket, 1mg, Tata Cliq , Tata Croma , and the Neu app. His mandate: fix the superapp's faltering strategy and stitch together the group's digital assets into a cohesive platform. UK-headquartered life insurer Prudential plc on Thursday announced Tahilyani's appointment as regional CEO for India, Africa, the Philippines, Cambodia, Laos and Myanmar, with additional responsibility for the health vertical. Over the past few months, however, Tahilyani's role was gradually narrowed as plans emerged to carve out BigBasket and 1mg for separate fundraises and eventual IPOs. This marked the end of the road for Tata Digital as a unified digital platform seeking external capital—undercutting the very premise of the superapp strategy Tahilyani had brought in to scale. Tata Neu, the group's superapp, launched in April 2022 aimed at consolidating its various consumer-facing digital businesses into one integrated platform. 'There was angst that independent business units like 1mg and BigBasket weren't allowed operational freedom,' said a person familiar with internal discussions. 'Tahilyani began shifting Tata Neu's positioning from a central command to a shared digital platform,' said a person in the know. ' It was clear that Tata Digital as an entity had become less relevant with BigBasket and 1mg in talks to raise independent funding. Plans to go to market to shore up capital as consolidated unit never frutified,' another person close to the matter said on the condition of anonymity. ET reported on April 7 that that the Tata group is preparing to raise $1.3 billion for its digital assets BigBasket and 1mg. Strategy changes, limited traction Under Tahilyani, the group recalibrated focus on core Tata-owned brands such as Croma and Tata Cliq. Backend integration plans across BigBasket, 1mg, and Tata Cliq were put on hold to preserve brand identities and avoid a clunky user experience—an issue that plagued Neu's early rollouts. It accounted for less than 10% of gross sales for BigBasket and 1mg, according to insiders, signalling limited consumer adoption and weak cross-platform synergies. 'There's now a clear view that unless Neu delivers a seamless, value-led experience, it cannot subsume the identities of stronger consumer brands,' one source said. Still, Tahilyani had laid down some groundwork. He was working closely with unit heads to align strategies and had approved 1mg's upcoming offline expansion into standalone pharmacies and diagnostic labs, as reported by ET on May 14. Leadership churn continues Tahilyani's tenure came on the back of continued leadership churn at Tata Digital. Since the exits of Myntra founder Mukesh Bansal in 2022 and multiple senior leaders over the past two years, the company has seen successive overhauls of its top team, including one initiated under Tahilyani himself. Chandrasekaran, who chairs Tata Digital's board, had reportedly grown impatient with Neu's sluggish progress and had hoped Tahilyani would accelerate execution and prepare the business for possible external investment or eventual IPOs of BigBasket and 1mg.'This was always going to be a tough turnaround,' a senior executive said. 'The digital foundation is in place, but scale and traction remain elusive.' The Tata group had renewed its Indian Premier League (IPL) title sponsorship for another five years to boost Neu's visibility, signalling continued investment in its digital play.
Time of India
22-05-2025
- Business
- Time of India
ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm
Naveen Tahilyani's abrupt resignation highlights the conglomerate's continued struggle to find steady leadership for its digital bets, particularly around the Tata Neu superapp, which has undergone multiple business pivots since launch and continues to face challenges in gaining meaningful traction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In a fresh top-deck churn at the Tata group Tata Digital CEO and MD, has stepped down just a year after taking charge in February 2024, people familiar with the matter told abrupt exit underscores the conglomerate's continued struggle to find steady leadership for its digital bets—particularly around the Tata Neu superapp, which has undergone multiple business pivots since launch and continues to face challenges in gaining meaningful who was brought in from Tata AIA Life Insurance after the exit of CEO Pratik Pal , had initiated a revamp of the digital unit's leadership and strategic direction during his short him, the company recalibrated its focus on Tata-owned brands such as electronics platform Croma and fashion marketplace Tata Cliq , while also seeking greater coherence across portfolio firms like e-grocer BigBasket and digital pharmacy in the know said Tahilyani is expected to take up an overseas role within the departure comes at a time when the salt-to-software giant is still trying to stabilise its digital commerce strategy and keep pace with rivals in the hyper-competitive online retail and fintech contacted, Tahilyani did not respond to ET's request for comment.
Hans India
20-05-2025
- Business
- Hans India
Get the Future of Eyewear: Ray-Ban Meta AI Smart Glasses Now at Titan Eye+
Titan Eye+ has unveiled the Ray-Ban Meta AI Smart Glasses in India, bringing new wearable technology to local customers. The smart glasses are available at more than 50 Titan Eye+ stores and online across the country. Availability of Ray-Ban Meta AI Smart Glasses You can buy the Ray-Ban Meta AI Smart Glasses at Titan Eye+ stores across India or online at Customers can also get discounts by using Tata Neu reward points. Features of Ray-Ban Meta AI Smart Glasses These smart glasses use Meta's AI technology with Ray-Ban's well-known design to make a stylish and useful product. Some key features are: Voice-activated AI for quick information and commands Hands-free 1080p video and photo capture with a 12MP camera Open-ear speakers for clear audio while still being aware of your surroundings Easy connection for calls, messages, music, and live streaming This launch adds to Titan Eye+'s range of smart eyewear, which also includes products like Titan EyeX and Fastrack Vibes, to meet the needs of different customers.
Time of India
19-05-2025
- Business
- Time of India
Titan Eye+ launches Ray-Ban Meta AI smart glasses in India: Key features and more
Titan Eye+, India's eyewear brand, has officially launched the Ray-Ban Meta AI Smart Glasses in the country, bringing advanced smart wearable technology to Indian consumers. The smart eyewear will be available in 50+ select Titan Eye+ stores nationwide and online, catering to the growing demand for tech-driven lifestyle accessories. Ray-Ban Meta AI Smart Glasses availability The Ray-Ban Meta AI Smart Glasses can be purchased at Titan Eye+ stores and online via Additionally, customers can avail discounted pricing using Tata Neu reward points. Ray-Ban Meta AI Smart Glasses features The Ray-Ban Meta AI Smart Glasses combine Meta's AI technology with Ray-Ban's classic frame designs, creating a stylish yet highly functional wearable. The glasses feature: Voice-activated AI assistance for real-time information and commands Hands-free 1080p video and photo capture via an integrated 12MP camera Open-ear speakers providing immersive audio while maintaining ambient awareness Seamless connectivity for calls, messages, music, and live streaming This launch strengthens Titan Eye+'s smart eyewear portfolio, which already includes the Titan EyeX and Fastrack Vibes, catering to a wide range of consumer preferences. Speaking about the launch, N S Raghavan, CEO of Titan's Eyecare Division, said, 'We are delighted to introduce the Ray-Ban Meta AI Smart Glasses to Indian shoppers. As pioneers in smart eyewear, it has always been our priority to bring globally renowned brands to our consumers. This launch enhances our ability to meet the needs of tech-savvy customers who value seamless integration of fashion and technology.'
