Tata Consultancy Services chief Rajesh Gopinathan has put in his papers, nearly four years ahead of the completion of his tenure with the company, on Thursday. The countrys largest software exporter player on Thursday has nominated K Krithivasan as the CEO designate with immediate effect. While Gopinathan, who has been in charge for six years, will stay on until September 15 to help the organizations successor transition and get things going.In April 2022, TCS had approved the appointment of Rajesh Gopinathan for five years, ending in February, 2027. The company has stated that Gopinathan has decided to step down as he wants to pursue his other interests, “after a steller career of over 22 years with Tata Consultancy Services and a successful stint as managing director and CEO during the last six years.”Rajesh Gopinathan during press releaseRajesh Gopinathan in a press conference on Friday said, “There is nothing more challenging than doing the quarter after quarter performance update and making sure that performance keeps up. Its been 10 years of doing that and I enjoyed it but sometimes when you reach a milestone you start thinking what next.” “I was sure of one thing, the day my heart is not 100 per cent committed to do this work I will leave…and that was the trigger point. I owe it to TCS, all of us owe it to TCS. This seat was given in trust and I respect the seat and it is something that I do not take lightly. It is not a seat for me to sit and think of my future plans,” said Gopinathan.He also said “he enjoyed his exciting tenure with the company and said that it has been a pleasure working closely with Chandra, who has mentored me through this entire period.”He further added that he has not decided on his next step yet but the immediate task is to smooth transition of the company to K Krithivasan. he also said that TCS is the leader in the industry and has grown over 15 percent after pandemic and in the first nine months of financial year 2023.Note by Chairman, N ChandrashekhranThe chairman of TCS, N Chandrashekhran illustrates Gopinath with significant in various roles, “over the last six years, Rajesh has provided strong leadership as MD and CEO and has laid the foundation of the next phase of TCS growth with significant investments in cloud, agile and automation to help clients accelerate their transformation. I am deeply appreciative of Rajeshs enormous contribution to TCS.”According to the reports, under his leadership, TCS became Indias second most valuable company, crossing USD 168 billion in the market cap in financial year 2023. Gopinath received the total compensation of Rs 25.75 crore for the year 2022. He is among the fifth-highest paid CEO in India.On a lighter note, he added, “My batchmates will be aware of the fact that I never wrote my resume after leaving campus. On campus, we formerly had a repository for both successes and failures, one big takeaway from each. Yet in the past 28 years, I havent had any practise doing that. I havent given it any thought. I wouldnt be who I am today without TCS. Looking back on my path, I never had any doubts. I wouldnt have made any further changes.”New CEO – KrithivasanThe company on Thursday has announced that K Krithivasan will be head of global financial services business now as CEO-designate, with effect from March 16. Krithivasan is currently serving as president and the Global Head of the banking, Financial Services, and Insurance Business Group at TCS.
