Ratan Tata, former chairman of diversified conglomerate Tata & Sons, took up a senior advisor position at IDG Ventures India, a corporate venturing affiliate of media company International Data Group, yesterday.
Tata was appointed chairman of Tata Group in 1991, staying on until 2012 when he became chairman emeritus. He will advise the fund on overall business strategy and organisational leadership.
In addition to his executive role, Tata has also been an active angel investor, funding companies including e-commerce firm Snapdeal, online payment service Paytm, smartphone producer Xiaomi and ride hailing service Ola. He has already taken up advisor positions at venture capital firms Kalaari Capital and Jungle Ventures.
Sudhir Sethi, chairman of IDG Ventures India Advisors, said: “Mr. Tata is an icon when it comes to business leadership in the new age India. His rich experience in building businesses and expanding globally from India is of immense value to our portfolio companies. We are indeed privileged and honoured today.”
– Photo courtesy of Tata & Sons