Tata Consultancy Services Ltd (TCS) has announced that Rajesh Gopinathan, the chief executive officer (CEO), has resigned from his position. The company has appointed Krithi Krithivasan, president and global head of TCS’s BFSI vertical, as the new CEO-designate of the company, effective from March 16. He will take over as CEO and managing director in the next financial year.

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"We come up with new strategies and priorities, and we have our core set of beliefs and values. We are focusing on our employees and our customers as they are the most important engine that raises our growth therefore, we all try to be close to our customers," Krithivasan responded to a Zee Business question at a press conference today morning.

"As the market situation changes, we recalibrate what we want to do and where we want to focus and I am sure along with Rajesh in the next six months, we will rework on what we have to do," he added.

Mentioning the microeconomic situation, he said, "We believe that every time there is a change in the market, we use new opportunities, and just because we have a microeconomic situation, doesn't mean the customers are done with all the digital transformation. This disturbance will remain maybe for a quarter or two but growth has to come back, our customers have to transform and leverage all the digital technologies available to them so we will continue to focus on transforming our customers, bringing tech to the center of their business. In short, we will not make any change, we will continue to focus on core principles, fine-tune ourselves to go along." 

Krithivasan joined India’s largest IT services provider TCS in 1989. Over a period of almost 34 years, has held several leadership roles in delivery and customer relationship management rising to the rank of president and global head of TCS’ BFSI vertical.

Krithivasan's appointment comes at a time when the Indian IT industry is facing a challenging macroeconomic environment in key markets of Europe and the United States while also coming under renewed focus due to its big exposure to the US banking sector, which is currently experiencing a financial crisis.