Chandrasekaran First Person With No Tata Family Link To Lead $103-Billion Group
The journey of Chandrasekaran from an intern, to the chairman of the conglomerate.
Natarajan Chandrasekaran's phenomenal three-decade journey from an intern at TCS, to the head of the company, and now as Chairman of Tata Sons, in a way represents the tenacity of pursuing his passion of distance -- running.
The 53-year-old marathoner joined TCS -- then one among several group companies -- in 1987 straight out after completing a master's in computer applications from the Trichy Regional Engineering College in Tamil Nadu and rose through the ranks to become its managing director and chief executive in 2009, and is now serving his second five-year term.
The intervening two decades saw the country's emergence as an IT superpower, TCS dislodging rivals to become No. 1 company in the sector and also the Tata Group's crown jewel, as other businesses like steel and auto suffered.
The results seem to have paid off for Chandra, as he is popularly known. He is the first non-shareholder and a truly non-family person to chair the group, and seems to have beaten others including Ratan Tata's half-brother Noel Tata, group company JLR's Ralph Speth, PepsiCo's Indira Nooyi, ex-Vodafone global chief Arun Sarin, among others.
His first big moment in the group can arguably be becoming executive assistant to former MD and CEO S Ramadorai, and being groomed to becoming the company head on the boss' retirement.
Chandra navigated the company through a lot of ups and downs, dislodging bellwether Infosys and becoming the largest company by a market capitalisation of close to Rs 5 lakh crore, and the largest profit centre for the group.
As the head of the $103-billion Tata Group, he inherits a slew of problems across diverse sectors for which the conglomerate is in the news since October 24 last year when Tata Sons removed Cyrus Mistry as its chairman.
Experience gained in steering TCS, which delivers over 80 percent of the group’s profits as also other positives like the potential of JLR will be of help for him.
Being a group man will also help as he is deeply rooted in the ethos of the century-old group, unlike Mistry who had come to the group from outside.
Chandra and JLR’s Speth were appointed to the board of Tata Sons on October 25. He has since been a regular at the group headquarters Bombay House and has often been seen with Ratan Tata.
In the past three months, under the septugenarian interim Chairman Ratan Tata, Chandra was the chosen one to represent the salt-to-software group's case before global investors.
This work paid off as most of the institutional shareholders either supported the group or abstained from voting at a slew of shareholder meets to dismiss Mistry from directorship of group companies, eventually leading Mistry to give up on the fight.
Chandra has been active in voicing the $150-billion software industry's wishes and also serves as a member on the board of the Reserve Bank.
Born in 1963 in Tamil Nadu, he lives in Mumbai with his wife, Lalitha, and son Pranav.
A technopreneur known for his ability to make big bets on new technology, Chandra has been driving TCS's strong positioning in the emerging digital economy with a suite of innovative digital products and platforms for enterprises, some of which have since scaled into sizable new businesses.
Under his leadership, TCS has generated consolidated revenues of $16.5 billion in 2015-16 and is the largest software company in terms of revenue, and also the largest private sector employer in the country with over 3.78 lakh headcounts today. With over Rs 4.6 trillion in m-cap (today), TCS is also the most valued company in the country.
It should not come as a surprise that the appointment came within hours of TCS delivering a profit growth of 10.9 percent for the December quarter, which is faster than the industry average despite its size.
Under his leadership, TCS was rated as the world's most powerful brand in IT services in 2015 and recognised as a top global employer by the Top Employers Institute across 24 countries.
He has been playing an active role in the Indo-US and India-British CEO forums. He is also part of the country's business task-forces for Australia, Brazil, Canada, China, Japan and Malaysia and was the chairman of the IT lobby Nasscom in 2012-13.
Chandra's other interests include photography and in what is uncharacteristic of a corporate executive, he chats with photojournalists to discuss the nuances of the art and also seeking opinion on equipment which he can buy during one of his many foreign trips.
The trips generally involve client meetings and also discussing business with TCS's operation heads. In an evangelical way, he has ensured many of his colleagues, generally prone to doing sedentary jobs, also take to running.
Many of the meetings with TCSers happen over morning runs, keeping the day reserved for the crucial client meetings.
Beyond the office, Chandra is an avid photographer, and a passionate long-distance runner who has completed several marathons around the world, including Amsterdam, Boston, Chicago, Berlin, Mumbai, New York, Prague, Stockholm, Salzburg and Tokyo.
His strict physical regimen helps him keeps medicines at bay despite being a diabetic for long.
"Irrespective of the time zone I'm in, I'm out running at 5 am everyday," Chandra told a group of reporters at one of the informal do's.