Tata Technologies Ltd announced CFO Savitha Balachandran's resignation, effective immediately, with Uttam Gujrati appointed as the new Chief Financial Officer. Balachandran, who led the landmark 2023 IPO, exits after steering financial strategy through growth phases; Gujrati brings extensive finance expertise to the role.
Tata Technologies Ltd disclosed the resignation of Savitha Balachandran as Chief Financial Officer, a position she held since 2020—the first woman in the role during the company's 36-year history. Balachandran orchestrated the group's first listing in 19 years (2023 IPO at ₹500/share, listing at 140% premium), driving margins from 16.2% to 18.4%.
Uttam Gujrati steps in as the new CFO, bringing proven financial leadership to support Tata Technologies' ER&D expansion in automotive, aerospace, and digital solutions amid industry disruptions like electrification. The seamless transition ensures continuity in global operations and investor relations.
Balachandran's tenure featured strategic efficiency gains and stakeholder value creation, earning accolades like Forbes India W-Power 2025. No reasons for resignation disclosed; the change aligns with routine leadership evolution in Tata Group's engineering arm.
Key highlights
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Outgoing CFO: Savitha Balachandran resigns after 5+ years.
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Incoming CFO: Uttam Gujrati appointed effective immediately.
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Balachandran legacy: Led 2023 IPO; margin expansion to 18.4%.
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Context: Supports ER&D growth in auto/aerospace/digital.
Sources: TradingView/Reuters; Forbes India; LinkedIn profiles.