Saturday , July 21 2018

Natarajan Chandrasekaran Biography Salary Net Worth | N Chandra Tata Sons Chairman

Natarajan Chandrasekaran Biography Salary Net Worth | N Chandra Tata Sons  Chairman 

The Tata Sons holding company has announced that Natarajan Chandrasekaran will become the new head of the company on 21st February. Chandrasekaran, the CEO and Managing Director of Tata Consultancy Services, will be replacing Cyrus Mistry.

Natarajan Chandrasekaran

Tata Sons states that the 54-year-old has especially shown his mettle when working for TCS. He especially understands the value system that Tata Sons uses and will ensure that the organization continues to run in the best possible manner. He has also been a part of Tata Sons since 1987 when he joined the business group after graduating from Regional Engineering College, Trichy, Tamil Nadu.

He has been the head of TCS since 2009. On October 2016, he was voted upon as a Director on the board of Tata Sons. This came at a time when TCS had grown to include a market capitalization of more than US $70 billion, thus making it the most valuable company in the country.

He is the brother of N Srinivasan, the CFO of the Murugappa Group. Srinivasan stated in his recent remarks that he is proud of his brother and knows that he never gets tensed about anything in the business world.

Quick Details About Natarajan Chandrasekaran

Birth 1963
Birth place Mohanur, Tamil Nadu
Current residence South Mumbai’s Worli
Education MCA and before that, B.Sc. in Applied Science
Spouse Lalitha
Children 1 son – Pranav
Work experience Executive Director and COO of Tata Consultancy Services
CEO of Tata Consultancy Services
Chairman of Tata Sons
Salary INR 21.28 crores

A Long Relationship with Tata

Natarajan Chandrasekaran joined Tata Consultancy Services in 1987 and later became Executive Director and COO of the company. In 2009, he was handed over the job of CEO of the same company. In January 2017, he was made Chairman of Tata Sons.

He turned out to be an asset for Tata as TCS went on to garner USD 16.5 billion as revenues in 2015-2016 under his leadership. The same year, the company was named as most valuable Indian company with USD 70 billion + market capitalization.

Accolades for Natarajan Chandrasekaran

This man has a number of awards and accolades under his belt. Let us take a look at some of the most important achievements of Chandrasekaran:

2017 10th in 50 most powerful Indians – Ranking by India Today magazine
2016 Reserve Bank of India appointed Chandarasekaran as board director
2015-2016 IT Industry Governors’ Chairperson at World Economic Forum
2012-2013 NASSCOM Chairman and currently he is NASSCOM’s Executive Council’s member
2015 Best CEO for 5th year in a row announced by Institutional Investor’s
2014 Indian Business Icon – awarded by CNBC TV 18
2014 CNN- IBN Indian of the Year (Business Category)
2015 IT & ITES Best CEO by Business Today
2015 Platinum Standard Award

There’s more under his belt. He has been awarded Frans Banninck Coqc (Medal of Amsterdam City) for the work he did for promoting economic and trade relationships between India and Amsterdam.

He is a member of business taskforces of India in countries like Malaysia, Japan, China, Canada, Brazil and Australia.

A Shortened Search

Tata Sons planned on spending around four months finding a new head for Tata Sons. This was especially a necessity as the firm operates a significant conglomerate. This organization is worth around US $100 billion and covers shares in many businesses. However, Tata Sons decided to make the decision well before the deadline.

A Powerful Business

Tata Sons has become exceptionally powerful in recent years. Chandrasekaran will lead an organization that holds about 400,000 shares for various businesses. These include the Shapoorji Pallonji construction and real estate conglomerate and the Sir Dorabji Tata and Allied Trusts charitable group.

Mistry’s Challenges

The rise of Chandrasekaran to the CEO position comes amid controversy. On 24th October, Cyrus Mistry was removed from his CEO position at Tata Sons.

There are several significant considerations to look into with regards to Mistry’s case:

  • Directors at Tata Sons had voted to get Mistry out of the company. This came amid the board’s belief that Mistry is no longer capable of running the company and that he might not be working out of the best interests of the organization.
  • Ratan Tata had been brought back as the chairman on a temporary basis before Chandrasekaran was hired. Tata was the chairman before Mistry was involved with the company.
  • Mistry insists that a secondary centre of power was run by Tata Sons. This led to him being moved into a secondary position where he was not treated well enough.

The decision to hire Chandrasekaran may not necessarily stop the dispute between Tata Sons and Mistry. This will still create a consistent sense of rule at the top.

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