India’s biggest multinational Tata Sons got its new Chairman, Mr. Natarajan Chandrasekaran Tata sons is $100 billion company. On 12th January 2017, Mr. Chandrasekaran was announced as New Chairman of Tata Sons after many months. Chandrasekaran is 53 years old who is currently chief executive of IT outsourcing giant Tata Consultancy Services.
The company is already engaged in legal battle with former chairman Mr. Cyrus Mistry, who was forced to out of the position. Further, company has an extraordinary general meeting on coming6th February 2017, which aim to eliminate Mistry as a director, and Mistry has confronted it.
Mr. Chandrasekaran said in a statement that he is honoured and humbled to get selected to chief Tata Sons, he also said that he is aware that this role comes with enormous responsibilities. Mr. Chandrasekhara is a master degree holder in computer applications; IT and he joined the Tata Group in 1987 and became Tata Consultancy Services CEO in year 2009. He also obliges on the board of India’s central bank.
Central bank’s website describes Mr. Chandrasekaran as enthusiastic in multiple areas like music and photography.
Now Mr. Rajesh Gopinathan is named as new CEO, he was servicing as CTO (chief financial officer) of TCS. On Thursday in the statement, company also stated the third quarter profit growth is about 11 percent, more than expected profit.
According to the company statement, Mr. Chandrasekaran was chosen as Chairman by a selection committee appointed by Tata Sons board. Selection committee consisted five-members.
Chairman of Reliance Group Mr Anil Ambani said on appointment of Mr. Chandrasekaran “I have the uppermost regard for Chandra’s spirit of fortitude, determination and focus”.
ICICI Bank MD & CEO, Ms. Chandra Kochar said “His worldwide experience, bottomless business acumen and long connotation with Tata Group will show priceless in his new role”.
After the Cyrus Mistry’s exist, the Tata Sons has got appointment of a veteran TCS employee, and it shall prove in future as the best stand by the Group.
By: Ashu Bisht