K Krithivasan took charge as CEO of Tata Consultancy Services (TCS), with effect from Thursday. Krithivasan replaces Rajesh Gopinathan, who stepped down from the top helm of the Tata group IT major in March to pursue his other interests. TCS shares rose as much as 1.5 per cent to Rs 3,339.8 apiece on BSE. 

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The change in the management of TCS — the country's largest IT company by market value — comes at a time when Indian IT companies have been struggling against tight margins owing to higher employee costs despite robust demand for technology. 

Krithivasan will go through a transition with Gopinathan, who was elevated to the role of CEO in February 2017 after serving as CFO since 2013. Gopinathan will stay with TCS till September 15 to provide transition and support to his successor, Krithivasan.

Krithivasan's appointment is for five years. 

Read more on K Krithivasan and R Gopinathan  

Krithivasan, Tata Consultancy Services' global head of the banking, financial services and insurance (BFSI) business group, was named CEO Designate by the IT major in March. He has played a key role in helping BFSI customers with digital transformations, change management cycle acceleration, value delivery, technology strategy and governance.

He has been responsible for planning and executing growth strategies, improving financial performance, building deep customer relationships and mindshare as well as market positioning, according to the TCS website. 

Krithivasan has had a long tenure at TCS. Having joined the company in 1989, he has held various leadership roles in delivery, customer relationship management, large program management and sales during his stint at the Tata group IT major. He holds a Bachelor’s Degree in Mechanical Engineering from the University of Madras and a Master’s Degree in Industrial and Management Engineering from IIT Kanpur.

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TCS reported a net profit of Rs 11,392 crore for the quarter ended March 2023, marking growth of five per cent compared with the previous three months. Its revenue expanded 1.6 per cent sequentially to Rs 59,162 crore. Read more on TCS Q4 results

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