TCS Update: Know the story of Rajesh Gopinathan’s resignation from the post of CEO of TCS….

TCS Update: As soon as Rajesh Gopinathan resigned from the post of CEO of TCS, Tata Sons Chairman Natarajan Chandrasekaran did not delay in accepting his resignation. According to reports, Chandrasekaran was not happy with the way TCS was being run in the recent past by Rajesh Gopinathan, himself a former CEO of TCS. 

Rajesh Gopinathan’s style of functioning and the company’s lackluster performance had become a cause of concern for the Tata group and the chairman.  During Gopinathan’s tenure, TCS’s revenue had increased from $4.45 billion in March 2017 to $7.075 billion in December 2022 with a jump of 59 per cent. But compared to TCS, its rival Infosys grew at a faster pace during 2020, 2021 and 2022. Accenture also showed higher growth in 2021 and 2022 than TCS. 

From 1 April 2017 to 31 March 2023, TCS recorded a revenue of $ 10 billion. While Infosys registered a revenue of $8.5 billion during this period. In terms of financial performance, the gap between Infosys and TCS was narrowing, TCS’s revenue last year stood at $25.7 billion, while Infosys’s was $16.3 billion. Accenture’s revenue has been $61.5 billion and in the last six years alone, the company has added $30 billion in revenue. 

According to reports, Rajesh Gopinathan used to get angry at any person in the review meeting, ignoring his seniority. Senior people of TCS were very upset with this and wrong message was also being sent. While Natarajan Chandrasekaran’s style was completely opposite, whose behavior people were convinced. 

The reason for the difference is also that Natarajan Chandrasekaran did not refrain from waiting at the client’s door to bring the contract. While Rajesh Gopinathan preferred to meet only the CEO of the customer company. Also, Rajesh Gopinathan’s focus was on maintaining the company’s bottomline ie profits and margins. They used to give away multi million dollars to save margin. 

According to the report, Natarajan Chandrasekaran was very disappointed with the falling performance of TCS in comparison to Infosys and Accenture Plc. According to Mint’s report, Chandrasekaran had also expressed unhappiness over the company’s falling financial performance vis-a-vis other companies in a strategic meeting held in Switzerland in August last year. 

Rajesh Gopinathan offered his resignation to the board and the three-member committee headed by former SBI chairman OP Bhatt cleared the name of K Krithivasan. Natarajan Chandrasekaran was also included in the committee. According to the report, Natarajan Chandrasekaran had already taken Tata Group Chairman Emeritus Ratan Tata into confidence for all these changes.  

Read also 

LPG Price Hike: The government defended the decision to increase the prices of LPG cylinders, the Petroleum Minister said – did not put the full burden on the customers

Sunscreen Protects You From Sunrays How To Use Sunscreen How To Apply Sunscreen News Marathi

health tips: Sunscreen lotion is used in every season, be it summer or winter. It helps in giving the necessary ...
Read More

IPL 2023 Shubman Gill carrying huge amount of Rs 40 lakh as prize money

IPL 2023, Shubman Gill Total Prize Money: The 16th season of IPL ended with Chennai Super Kings (CSK) winning by ...
Read More

​NVS Recruitment 2023 Apply For 321 Posts At

NVS Jobs 2023: There is good news for the candidates who are looking for the job. A recruitment notification has ...
Read More

IPL 2023 champions CSK appreciation ceremony Dhoni-led Chennai Super Kings team likely to be led by CM MK Stalin June 2

MK Stalin at CSK Appreciation Ceremony: The title of IPL 2023 season was won by Chennai Super Kings, captained by ...
Read More

Matty Healy dismisses podcast controversy amid Taylor Swift romance

Three months after Matty Healy recorded a controversial “Adam Friedland Show” podcast episode, he wants haters to “Shake It Off.” ...
Read More

IT Department Send Notice To Startup Over 100 Crore Investment Know Details

Income Tax Notice: There is another bad news for startup companies struggling with lack of funding. The Income Tax Department ...
Read More

IPL 2023 Amazing Records Most Sixes Most 200 Plus Scores And Most Centuries This Season And Many More

IPL 2023 Records: IPL 2023 is over. In the title match, Chennai Super Kings won the trophy by defeating Gujarat ...
Read More

BGMI Is Now Available At App Store For IPhone Users Here Is How To Download

BGMI game is available to download from yesterday. Gamers can download it from Playstore and Appstore. In the past, some ...
Read More

​How To Prepare For IES Exam Know Tips IES Exam Preparation Tips

Tips for IES Exam Preparation: Union Public Service Commission (UPSC) conducts Engineering Services Examination (IES) every year. This exam is ...
Read More

Adani Enterprises Share Price Closing 30 May Upper Circuit On NDTV Continues Other Major Stocks In Loss

Adani Share Price: The selling pressure on Adani Group Stocks since last week continues. Most of the group's shares fell ...
Read More

Leave a Comment