Natarajan Chandrasekaran

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Natarajan Chandrasekaran
N. Chandrasekaran CEO Tata Consultancy Services.jpg
Natarajan Chandrasekaran, c. 2013
Born
Natarajan Chandrasekaran

(1963-06-02) 2 June 1963 (age 57)
EducationCoimbatore Institute of Technology
NIT Tiruchirappalli
Board member ofTata Sons
IIM Lucknow
Spouse(s)Lalitha Chandrasekaran

Natarajan Chandrasekaran (born 2 June 1963) is an Indian businessman, and chairman of Tata Sons.[1][2] He was Chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became Chief executive officer (CEO).[3][4] He was also the chairman of Tata Motors and Tata Global Beverages (TGB). He became the first non-Parsi and professional executive to head the Tata Group.[5] On 18 December 2019, the National Company Law Appellate Tribunal (NCLAT) held the appointment of Chandrasekaran as illegal and restored Cyrus Mistry as executive chairman.[6] In January 2020 the Supreme Court of India overruled NCLAT.

Education and career[edit]

Chandrasekaran studied in a Tamil Government school in Mohanur. He later received a bachelor's degree in Applied Sciences from the Coimbatore Institute of Technology in Tamil Nadu.[7] He earned his Master of Computer Applications (MCA) from the Regional Engineering College, Tiruchirappalli (now National Institute of Technology, Tiruchirappalli), in Tamil Nadu, India, in 1986.[8] Joining TCS in 1987, Chandrasekaran took over as CEO on 6 October 2009, prior to which he was COO and executive director of TCS.[1] Chandrasekaran is a senior member of Institute of Electrical and Electronic Engineers (IEEE), and an active member of Computer Society of India and British Computer Society. He was nominated as the chairman of Indian IT industry body NASSCOM in April 2015.

Career[edit]

Chandrasekaran has spent his career in TCS, joining the company in 1987 after completing a Masters in Computer Applications from Regional Engineering College, Trichy in Tamil Nadu .

Under his leadership TCS has generated consolidated revenues of US$16.5 billion in 2015-16.[9] With over 353,000 consultants, TCS has become the largest private sector employer in India. TCS remains the most valuable company in India ended 2015-16 with a market capitalization of over US$70 billion. In 2015 TCS was rated as the world's most powerful brand in IT Services, and was recognized as a Global Top Employer by the Top Employers Institute across 24 countries.[citation needed]

On 25 October 2016 Chandrasekaran, then CEO and managing director of Tata Consultancy Services (TCS), was appointed as an additional director on the Tata Sons board.

2018/2019 NCLAT verdicts[edit]

The Tata Sons board voted to remove Cyrus Mistry from the Chairmanship of Tata Sons on 24 October 2016.[10][11]

In July 2018, the National Company Law Tribunal (NCLAT), issued a verdict in favor of Tata Sons on charges of mismanagement leveled by Mistry in 2016, two months following his ousting as chairman through a vote of non-confidence.[12] On 10 July 2018, Mistry stated that he would appeal the decision.[13]

In December 2019, the Tribunal reinstated Mistry as the Chairperson of Tata Sons for his remaining term, and declared that the appointment of Chandrasekaran as executive chairman was illegal.[14]

2020 Supreme Court [edit]

In January 2020, Tata Sons appealed to the Supreme Court of India against NCLAT's decision.[15] Mistry stated that he would not return to the Chairmanship of the conglomerate, but was interested in reserving his seat in the company's board.[16] A three-judge bench comprising Chief Justice S. A. Bobde and Justices B. R. Gavai and Surya Kant stayed NCLAT's order while hearing Tata Sons' appeal on 10 January 2020.

The bench stated, "We find there are lacunae in the judicial orders passed by the NCLAT."[17]

The Supreme Court also ordered that Tata Sons will not exercise power under Article 25 of the Company Law for pushing out shares of minority holders in the company.[18]

Personal life[edit]

Chandrasekaran was born in Mohanur near Namakkal in Tamil Nadu,India.[19][20] He resides in Mumbai, with his wife Lalitha. Chandrasekaran is an avid photographer, music aficionado and a passionate long-distance runner who has completed marathons in Amsterdam, Boston, Chicago, Berlin, Mumbai, New York and Tokyo. He completed his fastest marathon or personal record (PR) at TCS New York City Marathon (2014) with a finishing time of 5 hr 00 min 52 sec.[21][22]

Awards and recognition[edit]

  • Chandrasekaran has received several awards and recognition in the business community. India's central bank, the Reserve Bank of India appointed him as director on its board in 2016.[23]
  • He has served as the Chairperson of the IT Industry Governors’ at the WEF, Davos in 2015-16. Aside from being a member of Indo–US CEO Forum, he is also part of India's business taskforces for Australia, Brazil, Canada, China, Japan and Malaysia.
  • He served as the chairman of NASSCOM, the apex trade body for IT services firms in India in 2012-13 and continues to be a member of its governing Executive Council.
  • He was voted as the ‘Best CEO’ for the fifth consecutive year by the Institutional Investor's 2015 Annual All-Asia Executive Team rankings.[24] During 2014, he was voted as one of CNBC TV 18 - ‘Indian Business Icons'.
  • He was also awarded CNN- IBN Indian of the Year 2014 in business category.[25]
  • Chandrasekaran was presented with the "Best CEO for 2014" by Business Today for the second consecutive year.[26]
  • He has also received the Medal of the City of Amsterdam Frans bannick Cocq in recognition of his endeavor to promote trade and economic relations between Amsterdam and India.
  • He was awarded Qimpro Platinum Standard Award 2015 (Business) and Business Today’s Best CEO 2015 (IT & ITEs).
  • Chandrasekaran was conferred with the honorary doctorate by JNTU, Hyderabad, India (2014).
  • He has received Honorary Doctorate from Nyenrode Business Universiteit, Netherlands' top private business school (2013).
  • Chandrasekaran has also been conferred honorary degrees by many Indian universities such as the Gitam University (2013) KIIT University (2012); and the SRM Institute of Science and Technology (2010).
  • In April 2017, India Today magazine ranked him #10th in India's 50 Most powerful people of 2017 list.[27]
  • On 12 August 2017, Chandrasekaran was conferred the degree of Doctor of Letters (Honoris Causa) by his alma mater National Institute of Technology, Tiruchirappalli.[28]

See also[edit]

References[edit]

  1. ^ a b "N Chandrasekaran takes over as TCS CEO". Business-standard.com. Retrieved 18 November 2010.
  2. ^ "N Chandrasekaran takes over as CEO of TCS". The Times Of India. 7 October 2009.
  3. ^ "Tata Sons chairman N Chandrasekaran may follow leadership style of JRD Tata".
  4. ^ Post Mistry feud, Tatas putting their house in order as N Chandrasekaran gets cracking as new chief
  5. ^ "Marathon man: Tatas pick first non-Parsi and professional executive as group chairman". Reeba Zachariah. The Times of India. 13 January 2013. Retrieved 21 September 2017.
  6. ^ "NCLAT restores Cyrus Mistry as Tata Sons Executive Chairman". Times Now News. 18 December 2019. Retrieved 18 December 2019.
  7. ^ "'Wasn't academically brilliant, but would put mind and heart into duty', says Natarajan Chandrasekaran elder brother". Rajesh Chandramouli. The Times of India. 13 January 2017. Retrieved 30 May 2018.
  8. ^ "Sundowner with N Chandrasekaran". The Economic Times. 16 February 2008. Retrieved 4 October 2009.
  9. ^ "TCS News & Events: Press Release: Annual revenues cross trillion rupees in 2015-16". www.tcs.com. Retrieved 3 August 2016.
  10. ^ "Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman". 24 October 2016. Archived from the original on 24 October 2016. Retrieved 24 October 2016.
  11. ^ "Ratan Tata to replace Cyrus Mistry as Tata Sons chairman – The Economic Times". The Economic Times. Retrieved 24 October 2016.
  12. ^ "Ratan Tata welcomes NCLT verdict". The Economic Times. 9 July 2018. Retrieved 12 June 2018.
  13. ^ "Tata welcomes NCLT verdict but Cyrus Mistry says he will challenge ruling". The Economic Times. 9 July 2018. Retrieved 12 June 2018.
  14. ^ Chitravanshi, Dev Chatterjee & Ruchika (18 December 2019). "Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons". Business Standard India. Retrieved 6 January 2020.
  15. ^ "Tata Sons moves SC challenging NCLAT decision restoring Cyrus Mistry as executive chairman". The Economic Times. 3 January 2020. Retrieved 6 January 2020.
  16. ^ Upadhyay, Jayshree P. (5 January 2020). "Cyrus Mistry shuns top posts at Tata companies, seeks board seat". Livemint. Retrieved 6 January 2020.
  17. ^ "Supreme Court stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group". The Times of India. Retrieved 22 January 2020.
  18. ^ "Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group". Firstpost. Retrieved 22 January 2020.
  19. ^ "N Chandrasekaran: 'Wasn't academically brilliant, but would put mind and heart into duty', says Natarajan Chandrasekaran elder brother". Timesofindia.indiatimes.com. Retrieved 13 January 2017.
  20. ^ "Meet N Chandrasekaran, the man from Namakkal appointed as Chairman of Tata Sons". The News Minute. Retrieved 13 January 2017.
  21. ^ "Search at Athlinks.com at Athlinks.com". www.athlinks.com. Retrieved 13 January 2017.
  22. ^ "Home". NYRR. Retrieved 13 January 2017.
  23. ^ "TCS chief N Chandrasekaran appointed to board of Reserve Bank". www.businesstoday.in. Retrieved 3 August 2016.
  24. ^ "2015 All-Asia Executive Team Pays Tribute to Trailblazers". www.institutionalinvestor.com. Retrieved 3 August 2016.
  25. ^ "List of winners of Indian of the Year 2014". News18.com. 17 March 2015. Retrieved 3 August 2016.
  26. ^ "India's Best CEOs 2014". www.businesstoday.in. Retrieved 3 August 2016.
  27. ^ "India's 50 powerful people". India Today. 14 April 2017.
  28. ^ "Doctor of Letters conferred on Tata Sons Chairman". The Hindu. Special Correspondent. 13 August 2017. ISSN 0971-751X. Retrieved 11 January 2018.CS1 maint: others (link)

External links[edit]