K Krithivasan takes charge of TCS as new CEO: Here's how the firm performed under Rajesh Gopinathan and what lies ahead

TCS' new CEO K Krithivasan: K Krithivasan officially took charge of IT services giant Tata Consultancy Services (TCS) today, June 1, 2023. His predecessor, Rajesh Gopinathan, tendered his resignation in March of this year after a six-year stint at the company.

Let's take a look at how TCS performed under Rajesh Gopinathan - 

The company's income increased by around 60 per cent during Gopinathan's tenure, as per Zee Business Research. In March 2017, TCS' income stood at $17.5 billion, which increased to $27.9 billion in March 2023. Further, the company's market capitalisation increased to $200 billion from $100 billion between April 2018 and September 2021.

TCS under the new CEO: Strategy and plans

Under the new CEO, the company will continue to invest in the cloud, cyber security, 5G, the Internet of Things (IoT), and generative artificial intelligence (AI). The company aims to achieve $50 billion in income by 2030. Krithivasan has 34 years of experience in the company, and in the company's 55-year history, he is only the fifth one. Krithivasan has worked with Rajesh Gopinathan for the last 20 years. Before taking charge as CEO, Krithivasan worked as BFSI's vertical president and global head. He has worked in the areas of delivery, relationship management, large-programme management, and sales for the company.

Krithivasan has a bachelor's degree in mechanical engineering from Coimbatore Institute of Technology and a master's degree in industrial and management engineering from IIT Kanpur.

CEOs at TCS

F C Kohli: 1968–1996
S Ramadorai: 1996-2009
N Chandrasekaran: 2009-2017
R Gopinathan: 2017-2023
K Krithivasan: From today

Shares of the company ended at Rs 3,323 apiece on the BSE, up 1 per cent.