N Chandrasekaran, chairman of Tata Sons, the holding company of one of the largest industrial houses of the country, is set to get a second term. This is because he has the support and approval of the Tata Trusts board and its chairman Ratan Tata.
Several officials close to the company and its majority owner Tata Trusts said there would be no problem with Chandrasekaran’s reappointment. He said Chandrasekaran’s second term has already been unofficially sealed as his performance and conduct have been appreciated by the stakeholders. He faced many challenges, bet on future prospects and also consulted Ratan Tata on important plans and policies.
Chandrasekaran is Chairman of the Board of Tata Sons, the holding company and promoter of more than 100 Tata operating companies with aggregate annual revenues of more than US $100 billion. He joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017.
Chandra also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, and Tata Consultancy Services (TCS) – of which he was Chief Executive Officer from 2009-17.The Tata group companies, include 29 publicly-listed corporations with a combined market capitalization that exceeded US $120 billion at the start of 2017.
His appointment as Chairman followed a 30-year business career at TCS, which he joined from university. Chandra rose through the ranks at TCS to become CEO and Managing Director of the leading global IT solution and consulting firm.
Under his leadership, TCS generated total revenues of US $16.5 billion in 2015-16 and consolidated its position as the largest private sector employer in India and the country’s most valuable company. TCS has also been placed among the “Big 4” most valuable IT services brands worldwide, ranked as one of the World’s Most Innovative Companies by Forbes and recognized as a Global Top Employer by the Top Employers Institute across 24 countries.
Chandra embedded a culture of customer-focus and innovation at TCS.