TCS re-appoints N Chandrasekaran as CEO

Tags: News
India's largest software services firm Tata Consultancy Services (TCS) today said the tenure of its Chief Executive Officer and MD N Chandrasekaran has been extended by five years to October 2019.

Chandrasekaran, who was appointed CEO and MD for five years on October 6, 2009, has been re-appointed for another five years, TCS said in a statement.

His re-appointment will be effective October 6, 2014, it added.

TCS has been posting stellar quarterly growth and industry-topping performance, even though its nearest rival, Infosys had expressed concerns about clients' technology spends.

Under Chandrasekaran's leadership, the company has seen its revenues growing to Rs 85,933 crore (for quarter ended June 2014, from Rs 29,091 crore in Q2 FY'10 (when he took over).

The company has grown as a CAGR of 24.2 per cent, one of the highest in the industry.

TCS' market cap has also increased 4.1 times under his leadership from Rs 1.2 lakh crore to Rs 4.97 lakh crore.

EDITORIAL OF THE DAY

  • It makes sense to highlight PM’s achievements with little noise to attract greater attention

    Are prime minister Narendra Modi and the BJP going over the top?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Kuruvilla Pandikattu

The India of our dreams

The speech “I have a dr­eam,” that Martin Luther King ...

Shona Adhikari

Head to Tate Modern for a refresher course on Bhupen Khakhar

India’s celebrated artist Bhupen Khakhar’s exhibition, titled You Can’t Please ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture