N Chandrasekaran, TCS Chief Executive Officer, and Managing Director named as the new Chairman by Tata Sons after the rushed sacking of Cyrus Mistry. He will take charge on February 21.
Chandrasekaran popularly known as ‘Chandra’ was chosen to step into the shoes of interim Chairman Ratan Tata, who took over on October 24. The Former was also appointed as a Director on the board of Tata Sons on October 25, last year, a day after Mistry’s removal. The decision to appoint Chandra was taken at a meeting of Tata Sons board comprising a five-member search committee Ratan Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya.
He has been heading the Tata group’s ‘crown jewel’, software firm TCS, since 2009. He had joined TCS in 1987 after completing Masters in Computer Applications from Regional Engineering College, Trichy, Tamil Nadu. Under his leadership, TCS generated consolidated revenues of USD 16.5 billion in 2015-16. The company remains the most valuable company in India as of 2015-16 with a market capitalisation of over USD 70 billion.
Post Chandrasekaran’s appointment, Rajesh Gopinathan was appointed as the new MD and CEO in TCS. An electrical and electronic engineer from REC Trichy (now NIT, Trichy), he graduated in 1994, before pursuing his Post-Graduate Diploma in Management from IIM, Ahmedabad. Previously serving as the Chief Financial Officer at TCS, Gopinathan has been with TCS since 2001. He was appointed as CFO in February 2013. Prior to this, Rajesh was the Vice President – Business Finance. He was responsible for the financial management of the company’s individual operating units. He has also worked with Tata Industries.
N Ganapathy Subramaniam who is currently President and Chief Operating Officer in place of Gopinathan also been appointed as a director on the board of TCS. Subramaniam, or NGS as he is called, has been part of TCS and the Indian IT Industry for the past 34 years.