Tata Housing MD & CEO Brotin Banerjee resigns
Tata Housing Managing Director and CEO Brotin Banerjee has resigned citing personal reasons. Banerjee joined the Tata group's realty arm as deputy CEO in 2006 and was promoted as MD and CEO in 2008. Tata Housing Chairman S Santhanakrishnan, in an internal communication to employees, said Banerjee has resigned for 'personal reasons', sources said The board has accepted Banerjee's resignation and is in the process of appointing a new CEO, a spokesperson said. Established in 1984 and revived in late 2006, Tata Housing was one of the first forays by a large Indian business house into real estate. The company has a portfolio of more than 70 million sq ft under various stages of development with a pipeline of additional 19 million sq ft to be developed. Tata Housing has a wholly-owned subsidiary Tata Value Homes which builds low-cost and affordable houses.