Following Cyrus Mistry’s unceremonious ouster, Tata Sons appointed Natarajan Chandrasekaran as its Chairman at its board meeting held on Thursday.
The meeting was convened at Bombay House, the company’s headquarters.
Tata Sons is the holding company that controls the $100 billion Tata conglomerate.
Chandrasekaran, 53, is the chief executive (CEO) and managing director of TCS (Tata Consultancy Services) since October 6, 2009. Prior to this, he was the chief operating officer (COO).
Born into an agricultural family near Namakkal in Tamil Nadu, Chandrasekaran did his Bachelor of Science in Applied Science from the Coimbatore Institute of Technology. Following this, he enrolled in the Regional Engineering College, Trichy from where he graduated with a Master’s in Computer Applications in 1986.
Chandra as he is popularly known, joined TCS in 1987. Under his guidance, TCS has earned consolidated revenues of $16.5 billion in 2015-16 and remains India’s most valuable company with a market capitalization of over $70 billion.
He has been a Director on the board of Tata Sons since October 25, 2016 and also on the board of the Reserve Bank of India since 2016.
Chandra was awarded an honorary doctorate by JNTU (Jawaharlal Nehru Technological University), Hyderabad in 2014. He has also been conferred honorary degrees by many universities including KIIT University, Bhubaneswar, Odissa in 2012 and the SRM University, Chennai, Tamil Nadu in 2010.
He is also the recipient of several awards from the business community including “Business leader award” at the ET Awards for Corporate Excellence 2016.
Chandra lives in Mumbai with his wife and son.