After a stellar career of over 22 years with Tata Consultancy Services (TCS) and a successful stint as Managing Director & CEO during the last 6 years, Rajesh Gopinathan has decided to step down from the company to pursue his other interests.
He will continue with the company till 15th September 2023 and the Board has nominated K. Krithivasan as the CEO Designate with effect from 16th March 2023.
In a recent development, 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 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.
Rajesh Gopinathan during his press conference 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 will see whether something comes out of that. But as of now no plans,” he had said.
Chandrasekaran, who has worked with Gopinathan for almost 25 years, appreciates the contributions the latter has made to the growth of TCS.
During Rajesh Gopinathan’s tenure, TCS added over USD 10 billion in incremental revenues and over USD 70 billion increase in market capitalization.
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 per cent to USD 45.5 billion in the past two years.
