TCS reshuffles management with an eye on the future
2 min read.Updated: 22 Jan 2019, 08:43 AM ISTVarun Sood
TCS has announced three changes to its employees last month
TCS has appointed new deputy heads for its human resource function and manufacturing vertical
Tata Consultancy Services Ltd (TCS) has undertaken the first management changes after Rajesh Gopinathan took over as chief executive officer two years ago.
India’s largest information technology services company appointed new deputy heads for its human resource function and manufacturing vertical.
The company has, with these appointments, reaffirmed faith in these leaders with eye on the future, according to an executive familiar with the developments.
Mumbai-based TCS named Ritu Anand, formerly deputy head of human resources (HR), as the new head of global diversity. TCS has entrusted Milind Lakkad, the head of the manufacturing industry unit, with the additional responsibility of deputy HR head.
Lakkad is expected to succeed Ajoyendra Mukherjee, the HR head, when the latter retires, the executive cited above said on condition of anonymity.
Mukherjee, 59, will retire soon as TCS has a mandatory retirement age of 60 for its senior executives.
Susheel Vasudevan, who is also overseeing the banking, financial services and insurance (BFSI) business unit along with president K. Krithivasan, has been named the deputy head of the manufacturing segment.
“Milind (Lakkad) is being groomed to take over from Ajoy, while Susheel (Vasudevan) has been tasked to scale up business from the manufacturing vertical," the executive said.
The company has announced these three changes to its employees last month.
An email sent to Tata Consultancy Services on 14 January seeking comment has not been answered.
Tata Consultancy Services, which had 417,929 employees at the end of December 2018, got about 7% or $378 million of the company’s $5.25 billion in revenue from customers in the manufacturing industry during the October-December period.
Since Tata Consultancy Services named Gopinathan as CEO and N. Ganapathy Subramaniam as chief operating officer (COO) in February 2017, the company has continued with the senior leadership put in place by Natarajan Chandrasekaran, who was elevated as chairman of Tata Sons, the holding company of the $103-billion Tata Group.
During this time, Tata Consultancy Services has retained almost the entirety of its senior management team, with the consensus view being that this has been one of the smoothest management transitions at an Indian corporate entity.
For Tata Consultancy Services , a stable leadership at the top, along with low attrition rates, and its better execution has helped the company return to industry-leading growth.
Tata Consultancy Services does not give quarterly or yearly growth outlooks but the company, which ended with $19.1 billion in revenue last year, is expected to increase this by more than 11% in constant currency terms in the current financial year.