Rajesh Gopinathan to step down as TCS chief, K Krithivasan appointed as CEO designate

(Left to right) Rajesh Gopinathan, MD and CEO, TCS and K Krithivasan, CEO TCS

Rajesh Gopinathan has decided to step down as the CEO and MD of Tata Consultancy Services (TCS) to pursue other interests, after a long career of over 22 years with the company and a successful stint at the helm during the last six years.

The Board of Directors has considered his request and accepted the same. Gopinathan will continue with the company till September 15, 2023 to provide transition and support to his successor.

The Board has nominated K. Krithivasan as the CEO Designate with effect from March 16, 2023. Krithivasan will go through a transition with Rajesh Gopinathan and will be appointed as the MD and CEO in the next financial year.

A lot of leadership changes are in the pipeline in Indian IT services companies. Recently, Cognizant Technology Solutions appointed Ravi Kumar S as the new CEO after Brian Humphries resigned on January 9 in a surprise move. Tech Mahindra also just announced that Mohit Joshi will be the new CEO and MD after C.P. Gurnani’s retirement on December 19, 2023.

Chandrasekaran, Chairman, TCS, said, “I have had the pleasure of working with Rajesh for the past 25 years. During this period, Rajesh has always distinguished himself with exemplary performance in various roles, including his former role as the Chief Financial Officer. Over the last 6 years, Rajesh has provided strong leadership as the MD and CEO and has laid the foundation for the next phase of TCS’s growth with significant investments in cloud, agile and automation to help clients accelerate their transformation.”

“The last six years of leading this iconic organisation have been most enriching and fulfilling, adding over $10 billion in incremental revenues and over $70 billion increase in market capitalization…I have been harbouring a few ideas on what I want to do in the next phase of my life. After deep reflection and in discussion with the Chairman and the Board, we decided that the end of this fiscal year is a good time for me to step aside and pursue those interests,” said Rajesh Gopinathan, MD and CEO, TCS.

Krithivasan is currently President and Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at TCS. Krithivasan has been part of the global technology sector for over 34 years, having joined TCS 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.

(Left to right) Rajesh Gopinathan, MD and CEO, TCS and K Krithivasan, CEO TCS
(Left to right) Rajesh Gopinathan, MD and CEO, TCS and K Krithivasan, CEO TCS.