Tag: N. Chandrasekaran
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017.
The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.”
Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016….Read More
Tata Consultancy Services (TCS) has announced that it is establishing a research effort on Intelligent Systems at IIIT Hyderabad named after Shri FC Kohli.
The FC Kohli Center on Intelligent Systems (KCIS) will be based in the IIIT Hyderabad campus and will act as an umbrella organization at the institute to both strengthen the existing groups and facilitate new activities in related areas. The new center will also act as a force multiplier in attracting projects and funding from other entities in the government and industry sectors, coordinate research in related domains across different centers of IIIT Hyderabad, as well as in the institute’s research collaboration with other academic institutions in the country.
“The Kohli Center on Intelligent Systems will play an important role to coordinate and energize education and research in this critical area at the institute. This will be by intensifying the research done at the institute in these areas and through joint activities involving other academic institutions as well as research labs in the government and industry. KCIS will help in imparting high-quality training to bachelors, masters, and doctoral students. The vigorous research at KCIS will have the potential to impact the society deeply through forefront research, innovative products, and start-ups,” said P J Narayanan, Director – …Read more
Tata Consultancy Services(BSE: 532540, NSE: TCS) has made an official announcement that it has signed definitive agreements with Mitsubishi Corporation (MC), one of Japan’s largest integrated business enterprises to merge TCS Japan, ITF and NTSC. TCS will hold 51% in the merged entity, MC to hold 49%.
N. Chandrasekaran, CEO & Managing Director, TCS, said, “This strategic transaction signifies our serious commitment to the Japan market. TCS will now have the scale, strong local presence and our full range of global capabilities to serve the Japanese corporations effectively and accelerate our growth in the Japan market. We deeply value the partnership with Mitsubishi Corporation and look forward to leveraging our mutual strengths in the Japan market.”
The transaction will create a new IT services company of significant scale in the Japanese market. ITF brings its long-standing relationships with Japanese corporations, talented workforce and competencies in industries like retail, distribution and trading. This will complement TCS’ deep domain knowledge, technology expertise and strong execution track record. TCS’ Global Network Delivery Model (GNDMTM) capabilities will also enable the Japanese corporations’ globalization ambitions. The company will provide tremendous additional value to clients in Japan, while employees will secure the advantages of building their careers in a global organization…….See More
Tata Consultancy Services(BSE: 532540, NSE: TCS) has announced that it is setting up a corporate learning and development centre with a total capacity to train 15,000 professionals at one time and 50,000 professionals annually. The proposed TCS Learning Campus in Thiruvananthapuram will be located on a 97-acre property in the Technopark area of the city. The campus will be built over an area of 6.1-million sq. ft. and will feature residential accommodation for professionals and faculty at the centre.
N. Chandrasekaran, Chief Executive Officer & Managing Director, TCS, said, “TCS has been present in Thiruvananthapuram since 1997 and since then it has been the hub of our global learning and development efforts. The TCS Learning Campus will be the new benchmark for corporate learning worldwide and this iconic facility will produce world-class professionals to meet the future needs of the IT industry.”
He added, “We are grateful to the Kerala government officials and other stakeholders whose energy and commitment has helped make this project a reality today.”
The project will boost the local economy in the region and during the construction period alone, it is expected that this project will provide direct employment to over 2,000 skilled and unskilled local people for a period of four years. An integral part of the project will be the skill development programmes run by TCS to upgrade the skills of local youth and facilitate opportunities to work in the construction project, through contractors……See More
Tata Consultancy Services has reported its consolidated financial results for the quarter ended December 31, 2012.
According to the latest update, TCS’s Operating Margin is at 27.3%, an expansion of 51 bps and its operating income is at Rs.4,381 crore – a growth of 13.4% y-o-y and 4.8% q-o-q. The earnings per share are at 18.15, dividend per share is at 3.
At the end of Q3, the total employee strength of the company was 263,637 with a gross addition of 17,145 employees which included 9,831 trainees and 5,072 laterals in India as well as 2,242 employees in international locations. The net addition was 9,561 employees. Attrition rate in IT services fell further to 9.8% (LTM). Overall attrition, including BPO (22.3% LTM), was 11.2% (LTM).
Commenting on the Q3 performance, Chief Executive Officer & Managing Director, N. Chandrasekaran, said, “We have had an excellent quarter of well-rounded performance and have driven a higher quality of revenue and increased profitability through focus on productivity and innovation. We had good revenue growth, balanced across service-lines, industries and geographies. Our agile, customer-centric organization is delivering an increasing number of larger and deeper client relationships…..See More
NASSCOM Data Security Council of India (DSCI) has organized 7th NASSCOM – DSCI Annual Information Security Summit. More than 400 participants from government, industry, solution providers and user community of India and abroad made their appearance in this annual summit. N Chandrasekaran, Chairman, NASSCOM and CEO, TCS inaugurated the Summit and provided the theme address. The main highlights of his Inaugural address were the growing importance of information security and privacy, increased use of technology and automation in all spheres of life.
While welcoming the guests, Kamlesh Bajaj, CEO, DSCI, shared the key engagements of the company in the area of Public Advocacy, Thought Leadership, Outreach and Awareness and Capacity Building – public-private partnership in cyber security, Internet governance, engagement with EU on India’s “adequacy” under the Data Protection Directive for trans-border data flows, work with government agencies on public advocacy, international standards and DSCI frameworks…See More