Tata Group in talks to retain outgoing TCS CEO Rajesh Gopinathan beyond Sept 15

• ByStartupStory     |    March 21, 2023

According to sources, N Chandrasekaran, the chairman of Tata Sons, has reportedly held discussions about retaining Rajesh Gopinathan, the outgoing MD and CEO of TCS, in an advisory capacity beyond September 15. 

However, both Tata Sons and TCS have declined to comment on this matter.

According to anonymous sources within Tata Group, “there have been initial discussions between N Chandrasekaran and Rajesh Gopinathan regarding his engagement with the group in an advisory capacity after his notice period ends on September 15”. 

This is because the company is expanding into various technical fields and requires reliable and skilled personnel. 

However, Gopinathan stated during a press conference that he currently has no plans to serve in an advisory role for Tata Group.

 

During a press conference, Gopinathan stated that “although he has growing respect for advisors, he currently has no plans to take on an advisory role for Tata Group”.

In February 2017, Gopinathan took over as TCS CEO after N Chandrasekaran assumed the position of Chairman of Tata Sons. Chandrasekaran, who had been TCS CEO since 2009, had personally selected Gopinathan for the CFO role in 2013. Gopinathan, who holds an engineering degree and an MBA, has also worked closely with Chandrasekaran on organisational strategy and design.

Having worked with Chandrasekaran for almost 25 years, Gopinathan’s contributions to the expansion of TCS are highly valued by the latter. Under Gopinathan’s leadership, TCS experienced a significant increase in market capitalization, growing by over USD 70 billion, and sales, growing by over USD 10 billion.

During the third quarter of the current fiscal year, Gopinathan played a key role in helping TCS achieve a record-breaking net profit of Rs 10,846 crore. 

Under his leadership in the past two years, TCS has seen a remarkable increase in brand value, which surged by 212% to USD 45.5 billion.

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