Dilip Pendse, the former managing director of Tata Finance who committed suicide at his Dadar office on Wednesday, is the third top executive from the Tata Group to have ended his life.
Police have sent Pendse's body for post mortem. Pendse was found hanging from a ceiling fan at his office in Dadar east on Wednesday afternoon by a neighbour. The 61-year-old left a suicide note addressed to his wife Pratima which said he was ending his life for 'personal reasons'. Pendse had to quit Tata Finance in 2001 following allegations of corruption. In 2014, regulatory body SEBI found Pendse guilty of unfair trade practices and banned him from trading for two years.
On the Tatas' roster, Pendse becomes the third executive to have taken his own life. In 2014, Tata Motors' chief executive officer Karl Slim allegedly committed suicide, while Charudatt Deshpande, spokesperson for Tata Steel, ended his life in 2013.