Tata Consultancy Services (TCS), India's largest IT services company and one of the world's leading technology firms, has announced a change in its top leadership. Rajesh Gopinathan, who has been the CEO and MD of TCS since 2017, has resigned from his position and will be succeeded by K. Krithivasan, effective from September 15, 2023.
Who is K. Krithivasan?
K. Krithivasan is a TCS veteran with over 34 years of experience at the company . He joined TCS in 1989 and has held various leadership roles in delivery, customer relationship management, large program management and sales . He is currently the President and Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at TCS , which is the largest revenue-generating segment for the company.
Krithivasan has played a key role in helping BFSI customers with digital transformations, change management cycle acceleration, value delivery, technology strategy and governance. He has also been responsible for planning and executing growth strategies, improving financial performance, building deep customer relationships and mindshare as well as market positioning.
Krithivasan is also a member of the Board of Directors of TCS Iberoamerica, TCS Ireland and the supervisory board of TCS Technology Solutions AG . He holds a Bachelor’s Degree in Mechanical Engineering from the University of Madras and a Master’s Degree in Industrial and Management Engineering from IIT Kanpur .
What are his plans for TCS?
Krithivasan will take over as the CEO of TCS at a time when the company is witnessing strong growth momentum amid a global demand recovery for digital services. In FY22 Q3 (October-December), TCS reported its highest ever quarterly revenue growth at $6.8 billion (up 18.2% year-on-year) and net profit at $1.26 billion (up 21% year-on-year).
Krithivasan will also inherit a legacy of innovation and excellence from his predecessor Gopinathan who led TCS through several milestones such as becoming India's first IT company to cross $100 billion market capitalization in 2018[4], launching new services such as cloud platforms (TCS BaNCS Cloud), cognitive business operations (TCS CBO) and location-independent agile delivery model (TCS Secure Borderless Workspaces), winning several large deals across geographies and industries such as Walgreens Boots Alliance ($1.5 billion), Prudential Financial ($500 million), Morrisons ($260 million) etc., acquiring strategic companies such as Postbank Systems AG , W12 Studios etc., investing in research and development through its Co-Innovation Network (COIN), enhancing employee engagement through initiatives such as National Qualifier Test (NQT), Fit4Life etc., winning several awards for corporate social responsibility such as NASSCOM Social Innovation Forum Award, UN Global Climate Action Award etc., among others.