TATA GROUP’S FARROKH KAVARANA: ‘WE ARE JUST TRYING TO RECLAIM OUR LEGACY’
When shelter colossus AIG ran into problems during the subprime mortgage crisis, how did that change the company’s two ventures with India’s Tata Group? The effect was surprisingly small, according to Farrokh Kavarana, a administrator of Tata Sons, who oversees Tata AIG Life Insurance and Tata AIG General Insurance. Tata AIG’s ventures are well capitalized and they more than foregather regulators’ solvency norms, he told Bharat Knowledge@Wharton in an discourse during the recent Wharton Bharat Economic …
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