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

  • Modi government needs a 5-year perspective plan for securing India’s computer networks

    Going wholly digital has its own consequences. For one, India will become increasingly vulnerable to deadly cyber attacks, which are a reality today.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Freedom Files : THE LAST SHEPHERD

The deep sense of foreboding was still to set in, ...

Urs Schoettli

Dragon Days are here

This is a very crucial year for the People’s Republic ...

Rajgopal Nidamboor

Your attitude can transform your life

Our attitude reflects our feelings, beliefs, or frame of mind, ...