Tata Elxsi appoints Nalin Rana as CFO, Gaurav Bajaj to step down in May 2026

Tata Elxsi Limited has announced a change in its chief financial officer. Gaurav Bajaj will step down as CFO on May 29, 2026. Nalin Rana will take over the role from May 30, 2026. The company disclosed this leadership transition in a regulatory filing to BSE Limited and the National Stock Exchange of India on April 27, 2026. The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights

• Gaurav Bajaj will step down as Tata Elxsi CFO on May 29, 2026.
• Nalin Rana will assume the CFO role from May 30, 2026, after a two-week transition
• Rana brings 17 years of experience in finance strategy and investment banking
• Tata Elxsi disclosed the leadership change in a regulatory filing on April 27, 2026.

Leadership Transition Details

The board meeting on April 27, 2026, confirmed Bajaj's resignation. The Nomination and Remuneration Committee and the Board of Directors both acknowledged his decision. Bajaj stated in his resignation letter to Managing Director and CEO Manoj Raghavan that he plans to pursue new professional opportunities. The Board expressed appreciation for Bajaj's contributions during his tenure as CFO. The company has not specified the length of his service in the regulatory filing.

To ensure a smooth transition, Nalin Rana will join Tata Elxsi on May 15, 2026. This two-week overlap allows for a structured handover of responsibilities. Rana will officially assume the CFO position on May 30, 2026. He will serve as key managerial personnel under the Companies Act, 2013, and his appointment is on a full-time basis.

Profile of Incoming CFO Nalin Rana

Nalin Rana brings 17 years of experience in strategic finance, business planning, corporate strategy, and investment banking. He joined the Tata Group in 2021. Since then, he has served as a senior leader in the Group CFO and Group Strategy Office at Tata Sons, the holding company of the Tata conglomerate. Rana has worked on strategic analysis, investments, fundraising, and mergers and acquisitions across various group businesses.

He also holds board positions at Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited. Before joining the Tata Group, Rana was an executive director in investment banking at Standard Chartered Bank. He led business development and execution for Indian and global clients.

He advised on mergers, acquisitions, and fundraising transactions valued at over $15 billion across multiple sectors. Rana's background covers both corporate strategy and capital markets. He has experience in advisory and operational finance functions.

About Tata Elxsi

Tata Elxsi is a subsidiary of Tata Sons. The company provides design and technology services to clients in the automotive, broadcast, communications, and healthcare sectors. It has expertise in embedded software, industrial design, and systems integration. Tata Elxsi serves global clients and is listed on both the BSE and NSE under the codes 500408 and TATAELXSI, respectively. The regulatory disclosure was signed by Sneha V.

Also Read: JSW Motors and Tata Elxsi launch Pune R&D hub for AI and connected vehicle solutions

CarBike 360 Says

With Nalin Rana stepping in as CFO, Tata Elxsi is set to enter a new phase of financial leadership at a crucial time of expansion and innovation. As Gaurav Bajaj exits after his tenure, the transition reflects the company’s focus on strengthening its strategic direction, ensuring stability, and driving sustained growth in an increasingly competitive global technology landscape.