Air India on Friday announced Sanjay Sharma as the new chief financial officer from June 10, following Vinod Hejmadi’s retirement after an over three-decade stint with the airline that is now owned by Tata.
Sharma brings over 30 years of experience in Corporate Finance, Investment Banking, and Real Estate. He joined Air India from Tata Projects Limited, where he was the CFO. Before that, he was the CFO of Tata Realty Infrastructure Limited and Managing Director, Head of Equity Capital Markets at Deutsche Bank Group. He also held various roles at DSP Merrill Lynch Limited in Mumbai and Merrill Lynch Asia Pacific in Hong Kong.
Sharma will take over as the finance chief of the airline while it is on a roadmap to new expansions. Tata is also in the process of merging its four airlines: Vistara, jointly owned with Singapore Airlines, and Air India into a full-service carrier, and Air India Express with AIX Connect into a low-cost airline.
Air India, founded by JRD Tata in 1932, is a major Indian airline with a domestic network and extensive international reach. After operating for nearly 70 years as a state-owned enterprise, Air India returned to the Tata Group in 2022. The airline is currently undergoing a multi-year transformation plan aimed at improving core operations and customer service.