Tata Capital Limited appoints Dr. Mukund Rajan as Managing Partner of its forthcoming new Private Equity Fund

Mumbai, May 20, 2010: Tata Capital Limited today announced that Dr. Mukund Govind Rajan will be joining the Tata Capital Private Equity Team as the Managing Partner of its new forthcoming fund.

Dr. Rajan brings with him many years of experience and knowledge of the Tata Group, through long stints with Tata Industries Limited and Tata Sons Limited, the main investment holding companies of the Tatas. He also brings with him a strong operations track record in the fastest growing sector of the Indian economy, namely Telecommunications, currently serving as the Managing Director of the publicly-listed Tata Teleservices (Maharashtra) Limited (TTML).

Under his leadership, TTML significantly increased its revenue market share in an intensely competitive environment and has emerged amongst the top three wireless operators in its markets. Prior to joining TTML, Dr. Rajan served many years as part of the Chairman’s Office, last serving as Vice President – Tata Sons Limited.

Dr. Rajan is a Rhodes scholar and holds a doctorate in International Relations from the University of Oxford.