Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector
Tata Sons chairman N Chandrasekaran is learnt to have discussed the engagement of outgoing TCS MD and CEO Rajesh Gopinathan with the group beyond September 15 in an advisory role, according to sources from Tata Group. Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development. Tata Group sources, who did not wish to be identified, told PTI that there have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains. "Chandrasekaran has discussed with Gopinathan for his engagement with Tata Group in an advisory role after his notice period ends on September 15. There has been preliminary discussion," a source at one of Tata Group technology firms said. Gopinathan during his press conference has said that he has no immediate plans to engage with Tata Group in advisory roles. "As far as advisory roles go, my respect for advisors is exponentially growing. So, I wi
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Large IT firms are witnessing changes at the top
The company has nominated Tata Group veteran K Krithivasan as CEO-designate, effective immediately
'You can always look at any number as a parameter and create a trend. It's more like horses for courses'
Gopinathan said TCS is the market leader in its space, and has given industry-leading results
Krithivasan's time of taking over is interesting, especially with the agenda already being set
Analysts say the stock price could turn volatile in the near-term as the development comes amid a challenging macro-environment including fears of a potential recession in the US
The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.
Rajesh Gopinathan, the outgoing TCS CEO, said that Krithivasan was chosen by the board and Tata Group chairman N Chandrasekaran
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TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan
Krithivasan shall take over as the CEO and MD of TCS in the next financial year
Retained its edge in terms of Ebitda or operating margins over industry peers
TCS MD & CEO says attrition is way beyond the firm's comfort levels
Attrition rate was 17.4% in Q4FY22; lower than peers, higher than firm's own rate a year ago
Under Gopinathan's leadership, TCS says it strengthened its position with the revenues increasing from $17.6 bn in financial year ended Mar 31, 2017 to $22.2 bn in financial year ended Mar 31, 2021
The company has successfully pivoted to a digital business without an inorganic play, putting digital at the heart of strategy
'Two years back we experimented and took in 32,000-35,000 freshers in the first two quarters and this allows us to bring freshers into the company in an accelerated way', said Gopinathan