New management team will take TCS to new heights, says Tata Sons Chairman
In a letter to employees of TCS, Natarajan Chandrasekaran said that TCS� best years lie ahead despite the outstanding successes achieved thus far
Addressing the employees of Tata Consultancy Services (TCS) a day after his appointment as Tata Sons chairman, Natarajan Chandrasekaran said the new management team would take the firm to new heights.
In a letter to employees of TCS, he said that the company's best years lie ahead despite the outstanding successes achieved thus far, The Hindu reported.
The 53-year-old Chandrasekharan has been the chief executive of TCS since 2009 and he has been inducted to the board days after Cyrus Mistry was expelled as chairman. Chandrasekaran is set to be replaced by Rajesh Gopinathan as head of TCS.
" As you know, Rajesh Gopinathan is a 16-year veteran of TCS and has been a long-standing member of my management team, working very closely with me in formulating and executing the company strategy, starting from the E-Business Practice, moving up to Head, Business Finance and then over the last 4 years as the CFO of TCS. He has led our internal financial transformation over the years," he said.
Chandrasekharan said the CEO will be capable of leading the executive team of, all of whom are part of his current management team, the newspaper reported.
Under Chandrasekaran, TCS had generated huge consolidated revenues of $16.5 billion in 2015-16. The company remains the most valuable company in India with a market capitalization of around Rs. 4.2 lakh crore.
Chandrasekaran, who has a Masters in Computer Applications, joined TCS in 1987 after completing his engineering degree from Regional Engineering College, Tiruchi in Tamil Nadu.