K Krithivasan and Rajesh Gopinathan
Tata Consultancy Services, one of the world's largest IT services companies, has announced a restructuring of its business model under the leadership of outgoing CEO Rajesh Gopinathana. The arrangement divides customers into four different business groups based on stage of development and company rather than vertical, which not all senior executives approve of.
Kritiwasan, who was previously the global head of BFSI (Banking, Financial Services and Insurance) standing, is expected to take over from Gopinathana in June. Before his promotion, he was responsible for TCS's largest vertical, which accounted for 35-40% of the company's revenue. In his new role as CEO, he will focus on getting to know the non-BFSI side of the business and will spend the next six to eight weeks with Gopinathan meeting with clients to discuss their ideas and concerns.
Kritivasan said he does not intend to make any immediate organizational or structural changes at the company, and will focus on building strong relationships with TCS customers, who he sees as the driving force for the company's growth. He also stated that it is important to focus on employees who are the backbone of the company's business.
Gopinathan, who will continue to support the transition until September 15, said that while he does not expect the transition to be too complicated, it will be done with sincerity and care. In the first half of the transition period, Gopinathan will be the starter, Krithivasan will be the shadow, and vice versa in the second half.
As TCS enters a new phase under Krithivasa's leadership, analysts and investors will closely monitor the company's performance and strategy. TCS has been one of the top performers in the IT services sector and the new CEO is expected to build on this success by addressing all the challenges that may arise.
