N Chandrasekaran Set To Become Next Tata Sons Chairman
Chandrasekaran was previously the CEO and MD of Tata Consultancy Services.
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Tata Sons has named Natarajan Chandrasekaran as its new chairman, according to a people familiar with the development who did not wish to be identified. An official announcement is expected shortly. Chandrasekaran, who is the chief executive officer of Tata Consultancy Services Ltd., will take over as the head of the $103-billion salt-to-software conglomerate from interim chairman Ratan Tata.
Ratan Tata had returned at the helm of the group’s holding company after the ouster of Cyrus Mistry as Tata Sons chairman on October 24, 2016.
Chandrasekaran, a Tata Group insider and now its seventh chairman, has been with the group from 1987 when he joined TCS after completing masters in computer applications from Regional Engineering College, Trichy, Tamil Nadu. He took over as the chief executive officer and managing director of TCS in October 2009. Prior to that, he was the chief operating officer of the company.
Chandrasekaran has also served as the chairman of the industry body National Association of Software and Services Companies (NASSCOM) in 2012-13.
Tata Consultancy Services, in which Tata Sons holds 73.26 percent stake, is the biggest contributor to the group’s revenue.