TCS CEO Rajesh Gopinathan Resigns And K Krithivasan Appointed As New CEO Designate According to the notification, K Krithivasan shall take over as the chief executive officer and managing director of the company in the next financial year, subject to shareholder's approval, effective date of which would be intimated in due course

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter

Tata Consultancy Services (TCS), on Thursday, has announced that its CEO Rajesh Gopinathan has reportedly resigned to pursue other interests. It is also announced that the company has appointed K Krithivasan as the new CEO designate, effective Thursday, March 16.

"We wish to inform you that Rajesh Gopinathan, chief executive officer and managing director of Tata Consultancy Services Ltd, has tendered his resignation, which will be effective from the close of business hours on September 15, 2023. Based on the recommendation of the Nomination and Remuneration Committee, the board of directors at its meeting held on March 16, 2023, appointed K Krithivasan as the chief executive officer-designate, with effective from March 16, 2023," TCS said in a regulatory filing.

According to the notification, he shall take over as the chief executive officer and managing director of the company in the next financial year, subject to shareholder's approval, effective date of which would be intimated in due course.

TCS chairman N Chandrasekaran has reportedly said that, "Rajesh distinguished himself with exemplary performance in various roles. Over the last 6 years, Rajesh has provided strong leadership as the MD and CEO and has laid the foundation for the next phase of TCS' growth and significant investments in cloud, agile and automation to help clients accelerate their transformation."

As per a CNBC TV18 tweet, K Krithivasan has said that, "It's a great honour to lead this company. Want to double down on our customer relationships."

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Technology

IT Companies Bet on Small-Mid Size Deals to Drive Revenue

Large deals have fallen out of favour with end clients due to their tendency to create stickiness, inflexibility, and inefficiency.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

News and Trends

How GST Budget Reforms Could Shape the Future of India's MSME

The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical refinements to address its challenges. The upcoming budget is expected to make major reforms for MSMEs as the backbone of the country.

News and Trends

MapmyIndia Acquires 9.37% Stake in SimDaaS

MapmyIndia will invest INR 3 crore in a mix of equity shares and compulsorily convertible preference shares (CCPS) in SimDaaS. The acquisition is expected to bolster MapmyIndia's business portfolio.

News and Trends

Whizzo, Origin Fresh, and Dressfolk Raise Early-Stage Investments to Fuel Expansion

The following Indian startups have announced their recent investment rounds to fuel growth and innovation.