Tata Sons have appointed TCS Chief Executive Officer and Managing Director, Shri Natarajan Chandrasekaran as its new Chairman. A press release issued by the company last evening said Mr. Chandrasekaran will take charge on 21st February. His appointment comes after the Tata sons removed Cyrus Mistry as the Chairman.
The fifty-three-year old businessman is only the third non-Tata after Nowroji Saklatwala and Cyrus Mistry to be named as Tata Sons chairman. The Board of Tata Sons said it believes that Mr. Chandrasekaran will now inspire the entire Tata group worth of the 103-billion US dollar. The decision to appoint Mr. Chandrasekaran was as per the unanimous recommendation of the Selection Committee and was finalised at the company’s board meeting in Mumbai.
About : Shri Natarajan Chandrasekaran (‘Chandra’) is the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), a leading global IT solution and consulting firm, a position he has held since 2009.
Chandra has been appointed as a Director on the board of Tata Sons since October 25, 2016. He was also appointed as a Director on the board of India’s central bank, the Reserve Bank of India in 2016.
Under his leadership, TCS has generated consolidated revenues of US $16.5 billion in 2015-16. With over 371,000 consultants, TCS has become the largest private sector employers in India with the highest retention rate in a globally competitive industry. TCS remains the most valuable company in India ended 2015-16 with a market capitalization of over US $70 billion. Under Chandra’s leadership, TCS was rated as the world’s most powerful brand in IT Services in 2015 and recognized as a Global Top Employer by the Top Employers Institute across 24 countries.
Chandra personifies TCS’ commitment to a culture of customer centricity, its reputation for long-term customer partnerships and its focus on innovation. A technopreneur known for his ability to make big bets on new technology, Chandra has been driving TCS’ strong positioning in the emerging Digital Economy with a suite of innovative Digital products and platforms for enterprises, some of which have since scaled into sizeable new businesses.
He has served as the Chairperson of the IT Industry Governors’ at the WEF, Davos in 2015-16. Chandra has been playing an active role in the Indo – US and India-UK CEO Forums. He is also part of India’s business taskforces for Australia, Brazil, Canada, China, Japan and Malaysia. He served as the chairman of NASSCOM, the apex trade body for IT services firms in India in 2012-13 and continues to be a member of its governing Executive Council.
Under his guidance, the company has refined its corporate sustainability program to focus on education, environment and wellness. TCS is deeply involved with STEM education initiatives in USA, UK and Australia. Through his active support of major marathons in New York, Chicago, Amsterdam, Mumbai and Bangalore, he has helped spread a message of health awareness across the firm’s employees globally as well as in the communities it operates in.
Chandra has received several awards and recognition in the business community. Recently he was awarded “Business Leader award” at the ET Awards for Corporate Excellence 2016. He also awarded Qimpro Platinum Standard Award 2015 (Business) and Business Today’s Best CEO 2015 (IT & ITEs). He was voted the ‘Best CEO’ for the fifth consecutive year by the Institutional Investor’s 2015 Annual All-Asia Executive Team rankings. During 2014 was voted as one of CNBC TV 18 – ‘Indian Business Icons’. He was also awarded CNN- IBN Indian of the Year 2014 in business category. Chandra was presented with the “Best CEO for 2014” by Business Today for the second consecutive year. He has also received the Medal of the City of Amsterdam – Frans Banninck Coqc – in recognition of his endeavor to promote trade and economic relations between Amsterdam and India.
Chandra was conferred with the honorary doctorate by JNTU, Hyderabad, India (2014). He has received Honorary Doctorate from Nyenrode Business Universiteit, Netherland’s top private business school (2013). Chandra has also been conferred honorary degrees by many Indian universities such as the Gitam University, Visakhapatnam, Andhra Pradesh (2013), KIIT University, Bhubaneswar, Odisha (2012); and the SRM University, Chennai, Tamil Nadu (2010).
Chandra joined the company in 1987 after completing Masters in Computer Applications from Regional Engineering College, Trichy, Tamil Nadu.
Beyond the office, Chandra is an avid photographer, and a passionate long-distance runner who has completed several marathons around the world including Amsterdam, Boston, Chicago, Berlin, Mumbai, New York, Prague, Stockholm, Salzburg and Tokyo.
Born in 1963, Chandra lives in Mumbai, with his wife Lalitha and son Pranav.
IndianBureaucracy.com wishes Shri Natarajan Chandrasekaran the very best.