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    Tata Group likely in talks to engage outgoing TCS boss Gopinathan beyond September 15

    Synopsis

    Outgoing TCS MD and CEO Rajesh Gopinathan had earlier said in a press conference that he has no immediate plans to engage with Tata Group in advisory roles. There have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains, Tata Group sources, who did not wish to be identified, told PTI.

    How TCS fared in the last six years under Rajesh Gopinathan’s watchPTI
    Rajesh Gopinathan
    N Chandrasekaran, the chairman at Tata Sons, is reportedly discussing ways to engage outgoing TCS MD and CEO Rajesh Gopinathan with the group beyond September 15 in an advisory role, PTI reported citing unnamed sources from Tata Group.

    There have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains, Tata Group sources, who did not wish to be identified, told PTI.

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    "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 had earlier said in a press conference 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 will see whether something comes out of that. But as of now no plans," he had said.

    Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development.

    Chandrasekaran, who has worked with Gopinathan for almost 25 years, appreciates the contributions the latter has made to the growth of TCS.

    During Gopinathan's tenure TCS added over $10 billion in incremental revenues and over $70 billion increase in market capitalisation. He also helped TCS cross a trailblazing net profit mark of Rs 10,846 crore in the third quarter of the current fiscal year.

    Under his leadership, TCS' brand value increased by 212% to $45.5 billion in the past two years.

    Last week, Gopinathan unexpectedly resigned as TCS MD and CEO. The board appointed K Krithivasan as CEO-designate at India's largest IT services company with effect from March 16.

    During Gopinathan's tenure, the stock rose 160%. He was elevated from the role of chief financial officer to CEO in February 2017 after Chandrasekaran was appointed chairman of Tata Sons.

    In his last interview, which was to ET in December, Gopinathan had reiterated his goal to double revenue to $50 billion by 2030. He also led a major restructuring of the organisation in April 2022 to make it more customer focussed. The previous reorganisation at TCS was by Chandrasekaran in 2009.

    At 46, Gopinathan had been one of the youngest CEOs at the company. He joined it in 2001 from Tata Industries and worked to drive TCS' newly established e-business unit in the US.

    (with PTI inputs)


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