TCS’ achievements under the stewardship of outgoing CEO Rajesh Gopinathan

Mar 17, 2023

By: BI India Bureau

TCS’ achievements under the stewardship of outgoing CEO Rajesh Gopinathan

Rajesh Gopinathan resigned from his position as chief executive officer (CEO) and managing director of Tata Consultancy Services (TCS), effective September 15, 2023. Krithi Krithivasan – TCS’ global head of the banking, financial services and insurance (BFSI) business – has been named the new CEO-designate.

Credit: BCCL

​Here are the milestones achieved by Rajesh Gopinathan during his tenure in TCS​

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Rajesh Gopinathan’s CEO journey from 2017 to 2023

​Gopinathan was named the managing director and CEO of TCS in 2017. He was reappointed for a second term in 2022, for a period of five years. He had served as the company’s chief financial officer from 2013 to 2017. ​

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Revenue jumped 63 percent under Gopinathan’s leadership

​The IT major’s revenue jumped 63 percent from ₹1.18 lakh crore in FY17 to ₹1.92 lakh crore in FY22. At a press conference to discuss his resignation, Gopinathan said TCS had crossed big milestones – $7 billion in quarterly revenue, with an annual revenue run rate close to $28 billion. ​

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Profits surged 46 percent in last six years

​Under Gopinathan’s leadership, the profitability of India’s second-largest listed company in terms of market capitalisation, rose by nearly 46 percent – from ₹26,357 crore in FY17 to ₹38,449 crore in FY22. ​

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Second-most valuable IT services brand in the world

​Under Gopinathan’s leadership, TCS has become the second-most valuable IT services company after Dublin-based Accenture. TCS’s brand value is at $17.2 billion, as per Brand Finance Report for 2023.

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​TCS is India’s top IT firm​

​In the home market, the Tata Group firm is the largest IT services and consulting company – with a current market capitalisation of ₹11.63 lakh crore. Infosys is second, with a market cap of ₹5.96 lakh crore. ​

Credit: TCS

Growth in share price

​The IT major’s shares have risen 180 percent from January 2017 till March 17, 2023.​

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​Navigated through the Covid-19 crisis successfully ​

​Under Gopinathan’s stewardship, TCS has successfully managed the challenges posed by the Covid-19 pandemic and continued to grow its business operations around the world. ​

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TCS will be an integral part of my life, says Gopinathan

​“I will also be an integral part of TCS – irrespective of all the great heights that TCS will go to and will continue to soar. That is my biggest pride and happiness. We have built something of lasting value that we believe in. That is my greatest takeaway from TCS,” Gopinathan said at the press conference on March 17.​

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