N Chandrasekharan appointed Tata Chairman
After more than two months of uncertainty, the Tata Group has named N Chandrasekharan as new Chairman of Tata Sons. The $103 billion Tata Group chose N Chandrasekaran to head Tata Sons, the group’s holding company on Thursday. Chandrasekaran, 54, popularly known as Chandra in IT circles, is currently the Managing Director and CEO of India’s largest software firm, Tata Consultancy Services (TCS).
“Mr. Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead,” Tata Sons said in a statement.
After Mistry, Chandrasekaran is now the second group chairman from outside the Tata family. He joined TCS in 1987 after completing a master’s degree in computer applications from Regional Engineering College, Trichy, Tamil Nadu. He has led the firm since 2009.
Under Chandrasekaran, TCS has continued to post strong growth and widen the gap with competitors.
The decision to appoint him followed a five member search committee exploring all options.
Mr Rajesh Gopinathan, CFO, TCS will succeed Chandrasekharan at TCS.