Bengaluru: Former CEO of TCS Rajesh Gopinathan has joined Boston Consulting Group (as bcg) Senior Advisor, Technology, Media and Telecommunications (TMT) practice as part of its Delhi team. There was no response to the email sent to BCG till the time of going to press. BCG’s TMT consultants develop business models, strategies and capabilities supported by a global network of data scientists, digital business leaders and IT experts.
In an unprecedented move, Gopinathan stepped down as CEO, especially after getting an extension for a 5-year tenure till 2022-2027.
Gopinathan’s first five-year tenure saw TCS’ revenue reach $25 billion at the end of the December quarter in 2021, up 42% from $17.5 billion when he took charge in February 2017. After serving as CEO for more than 40 quarters, his decision to step down after steadying the ship during the pandemic took the Street by surprise. He was one of the proponents of the rapid shift to remote work during the COVID-19 induced lockdown through his Secure Borderless Workspace (SBWS) model, which enabled remote access for employees.
Under his leadership, TCS touched a market cap of $100 billion in April 2018 and its market cap reached $200 billion in September 2021. The company’s net profit has also increased to $4.5 billion in financial year 2021-22 from $3.8 billion in 2016-17, while margins have fallen by 700 basis points to 25%.
He brought big people like Standard Life business into TCS. Phoenix Group, Europe’s largest life and pension consolidator, has roped in TCS to transform its Standard Life business through the TCS BanCS digital platform in a $2 billion deal.
Under Gopinathan, TCS’s employee headcount grew from 3.8 lakh at the end of the March quarter in 2017 to over 6 lakh.
In an unprecedented move, Gopinathan stepped down as CEO, especially after getting an extension for a 5-year tenure till 2022-2027.
Gopinathan’s first five-year tenure saw TCS’ revenue reach $25 billion at the end of the December quarter in 2021, up 42% from $17.5 billion when he took charge in February 2017. After serving as CEO for more than 40 quarters, his decision to step down after steadying the ship during the pandemic took the Street by surprise. He was one of the proponents of the rapid shift to remote work during the COVID-19 induced lockdown through his Secure Borderless Workspace (SBWS) model, which enabled remote access for employees.
Under his leadership, TCS touched a market cap of $100 billion in April 2018 and its market cap reached $200 billion in September 2021. The company’s net profit has also increased to $4.5 billion in financial year 2021-22 from $3.8 billion in 2016-17, while margins have fallen by 700 basis points to 25%.
He brought big people like Standard Life business into TCS. Phoenix Group, Europe’s largest life and pension consolidator, has roped in TCS to transform its Standard Life business through the TCS BanCS digital platform in a $2 billion deal.
Under Gopinathan, TCS’s employee headcount grew from 3.8 lakh at the end of the March quarter in 2017 to over 6 lakh.
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