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.
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 place||Mohanur, Tamil Nadu|
|Current residence||South Mumbai’s Worli|
|Education||MCA and before that, B.Sc. in Applied Science|
|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.
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.