Tata Capital chief operating officer Govind Sankaranarayanan has put in his papers, after holding multiple responsibilities for more than two decades at the Tata Group.
As per officials close to the development, Govind is understood to be looking at opportunities in the private equity and social impact space.
Govind who was a close aide of former Tata Sons director RK Krishnakumar, was earlier tipped to take charge at Tata Capital after the company gave CEO Praveen Kadle other responsibilities in the group.
His exit is being linked to the hiring of an outsider, Rajiv Sabharwal, as Tata Capital’s chief executive by the group chairman.
An alumnus of IIM Ahmedabad and London Business School, Govind helped cofound Tata Capital in 2007. A Tata Administrative Services talent, he served as chief of staff of Krishna Kumar at Tata Tea and worked closely with Ratan Tata in Tata Industries where he was involved in the formation of joint ventures. He played a key role during the finance and integration role at the UK-based Tetley Group in 2000. Later, he went onto become the executive director and chief financial officer of VSNL International, based in the US.