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Tata Elxsi Limited has announced a change in its Chief Financial Officer (CFO), with Gaurav Bajaj stepping down effective May 29, 2026. Nalin Rana will take over the role from May 30, 2026. The company disclosed the development through a regulatory filing dated April 27, 2026, with BSE Limited and National Stock Exchange of India.
The Nomination and Remuneration Committee (NRC) and the Board of Directors acknowledged Bajaj’s resignation during their meetings. In his resignation letter addressed to Managing Director and CEO Manoj Raghavan, Bajaj stated that he is stepping down to explore new professional opportunities. The Board also placed on record its appreciation for his contributions during his tenure.
To ensure a smooth transition, Rana will join the company on May 15, 2026, ahead of formally assuming charge on May 30. He will be appointed as a Key Managerial Personnel (KMP) on a full-time basis.
Rana brings 17 years of experience across strategic finance, business planning, corporate strategy, and investment banking. He joined Tata Sons in 2021 and has been serving in the Group CFO and Group Strategy Office, where he was involved in strategic analysis, investments, fundraising, and mergers and acquisitions across the group. He also serves on the boards of Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited.
Prior to joining the Tata Group, Rana was an Executive Director in the investment banking division at Standard Chartered Bank, where he led M&A and fundraising transactions exceeding $15 billion across multiple sectors.
Tata Elxsi, a subsidiary of Tata Sons, provides design and technology services across industries such as automotive, broadcast, communications, and healthcare, and is listed on both the BSE and NSE.
