TCS CEO and MD Rajesh Gopinathan Resigns, K Krithivasan Will Take Over

Tata Consultancy Services, India's largest software service provider, on Thursday, March 16, 2023, announced that TCS MD & CEO Rajesh Gopinathan has tendered his resignation, which will be effective from the close of business hours on September 15, 2023.

K Krithivasan has been named the IT behemoth's new CEO designate, the company announced.

The company in its regulatory filing on 16th March 2023, " Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that Mr Rajesh Gopinathan (DIN: 06365813), Chief Executive Officer and Managing Director of Tata Consultancy Services Limited ("the Company") has tendered his resignation, which will be effective from the close of business hours on September 15, 2023. The Board place on record their appreciation for the contribution made by Mr. Rajesh Gopinathan during his tenure with the Company."

It added, "Further, pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, at its meeting held on March 16, 2023, appointed Mr. K. Krithivasan as the Chief Executive Officer Designate, with effective from March 16, 2023. He shall take over as the Chief Executive Officer and Managing Director of the Company in the next financial year, subject to shareholder's approval, effective date of which would be intimated in due course."

About - K. Krithivasan

K. Krithivasan is presently President and Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at Tata Consultancy Services. Krithivasan has been part of the global technology sector for over 34 years, having joined Tata Consultancy Services in 1989. During his long tenure at TCS, he has held various leadership roles in delivery, customer relationship management, large program management and sales. Krithivasan is also a member of the Board of Directors of TCS Iberoamerica, TCS Ireland and the supervisory board of TCS Technology Solutions AG. 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.