Rama Krishna Sangem
N Chandrasekaran, popular as Chandra among his friends and admirers, will focus on reviving the debt trapped Air India and cash rich TCS in the next five years. Chandra got an extension as Executive Chairman of Tata Sons and Tata Trusts, holding company dozens of group firms, till 2027. This is his second term at the helm of Tatas.
Tata Trusts and Tata Sons Chairman Ratan Tata led the boards unanimously elect Chandra for a second consecutive term at a meeting held in Mumbai on February 11, Friday. The meeting was held at the Helekai residence of Ratan Tata in Colaba, which overlooks Arabia Sea. This shows the cordiality Chandra enjoys from Ratan and other Tata family members.
The meeting was physically attended by Ratan, Chandra and company secretary Suprakash Mukhopadhyay, other board members joined through a video conference, according to some leading business newspapers. The 153 year old Tata group is known for transparency and efficiency in the corporate world.
It is not that Chandra got an extension just like that. The board has thoroughly analysed his performance and leadership qualities at Tata Sons Executive Chairman in the last five years. He took over in 2017 after a messy exit of Cyrus Mistry a year before. Chandra brought back the clean image of Tatas and the group has gained Rs 16 lakh crore market value since then.
Basically from TCS, Chandra is now will focus on TCS as well as newly acquired Air India. TCS is ready to capture the huge digital market within India as Modi government gives a lot of preference to it. Chandra’s meeting with PM Modi before taking over Air India recently enhanced his image in the corporate world.
Upcoming 5G and digitalisation in financial services and other areas will offer enough opportunities to TCS, Tata group’s flagship company.
