N Chandrasekaran reappointed TCS CEO


Tata Consultancy Services (TCS) has re-appointed N Chandrasekaran as the CEO and MD for another period of five years effective October 6, subject to necessary approval of shareholders, the company said in a BSE filing on Wednesday.

TCS, which recorded a consolidated revenue of $13.4 billion for the 2014 financial year, has grown at a compounded annual rate of 21% since Chandrasekaran took charge as CEO in October 2009. Under his leadership, the IT biggie has added new business lines and entered new industry verticals like media & information services, mobile & digital services, and high tech and each of those have matured into sizeable businesses.

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