associate sponsors


Head of Tata's hotel business to leave company in September | Reuters

MUMBAI Rakesh Sarna, the managing director and chief executive of Indian Hotels Company Ltd, part of the Tata Group, resigned from the company on Friday. Sarna, who joined Indian Hotels in September 2014, was known to be close to Cyrus Mistry, former chairman of the salt-to-software Tata Group.

Sarna's position came into question after the ousting of Mistry from Tata Sons, the holding company of the conglomerate.Sarna inherited a loss-making hospitality business, and turned it around within two years, posting a profit of 2 billion Indian rupees ($31 million) in the financial year 2015-16.

In 2015, after a year at the company, Sarna had said he would prioritize maintaining quality at Indian Hotels, expansion and developing a new generation of leaders.

A veteran of the hospitality business, Sarna had worked with the Hyatt Hotels Corporation for over 30 years.He will step down from his position at the end of September. ($1 = 64.4950 Indian rupees) (Reporting by Rahul Bhatia; Editing by Keith Weir)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: May 26, 2017 19:45 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See

{if $hideJSforEU != 'yes'} {/if}