Natarajan Chandrasekaran Explained

Natarajan Chandrasekaran
Birth Date:1963 6, df=yes
Birth Place:Mohanur, Madras State
(present day Namakkal, Tamil Nadu), India
Chairman of Tata Sons and Tata Group
Spouse:Lalitha Chandrasekaran
Awards:Padma Bhushan (2022)

Natarajan Chandrasekaran (born 2 June 1963) is an Indian businessman, and the chairman of Tata Sons and Tata Group.[1] [2] He was chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became chief executive officer (CEO).[3] [4] He was also the chairman of Tata Motors and Tata Global Beverages (TGB). He became the first non-Parsi and professional executive to head the Tata Group.[5] He has assumed the chair of B20 India and will lead the business agenda during India's G20 presidency.[6]

Education and career

Chandrasekaran studied in a Tamil Government school in Mohanur. He later received a bachelor's degree in applied sciences from the Coimbatore Institute of Technology, Tamil Nadu.[7] He earned his Master of Computer Applications (MCA) from the Regional Engineering College, Tiruchirappalli (now National Institute of Technology, Tiruchirappalli), in Tamil Nadu, India, in 1986.[8] Joining TCS in 1987, Chandrasekaran took over as CEO on 6 October 2009, prior to which he was COO and executive director of TCS.[1] Chandrasekaran is a senior member of Institute of Electrical and Electronics Engineers (IEEE), and an active member of Computer Society of India and British Computer Society. He was nominated as the chairman of Indian IT industry body NASSCOM in April 2015.

Career

Chandrasekaran has spent his career in TCS, joining the company in 1987 after completing a master's degree in Computer Applications from Regional Engineering College, Trichy in Tamil Nadu.[9]

Under his leadership TCS has generated consolidated revenues of US$16.5 billion in 2015–16.[10] With over 556,000 consultants, TCS has become the largest private sector employer in India. TCS remains the most valuable company in India ended 2015–16 with a market capitalization of over US$70 billion. In 2015 TCS was rated as the world's most powerful brand in IT Services, and was recognized as a Global Top Employer by the Top Employers Institute across 24 countries.

On 25 October 2016, Chandrasekaran, then CEO and managing director of Tata Consultancy Services (TCS), was appointed an additional director on the Tata Sons board.

2018/ 2019 NCLAT verdicts

The Tata Sons board voted to remove Cyrus Mistry from the Chairmanship of Tata Sons on 24 October 2016.[11] [12]

In July 2018, the National Company Law Tribunal (NCLAT), issued a verdict in favor of Tata Sons on charges of mismanagement leveled by Mistry in 2016, two months following his ousting as chairman through a vote of non-confidence.[13] On 10 July 2018, Mistry stated that he would appeal the decision.[14]

In December 2019, the Tribunal reinstated Mistry as the Chairperson of Tata Sons for his remaining term, and declared that the appointment of Chandrasekaran as executive chairman was illegal.[15]

2020 Supreme Court 

In January 2020, Tata Sons appealed to the Supreme Court of India against NCLAT's decision.[16] Mistry stated that he would not return to the Chairmanship of the conglomerate, but was interested in reserving his seat in the company's board.[17] A three-judge bench comprising Chief Justice S. A. Bobde and Justices B. R. Gavai and Surya Kant stayed NCLAT's order while hearing Tata Sons' appeal on 10 January 2020.

The bench stated, "We find there are lacunae in the judicial orders passed by the NCLAT."[18]

The Supreme Court also ordered that Tata Sons will not exercise power under Article 25 of the Company Law for pushing out shares of minority holders in the company.[19]

Personal life

Chandrasekaran was born into a Tamil Brahmin, Hindu family in Mohanur near Namakkal in Tamil Nadu, India.[20] [21] He resides in Mumbai, with his wife Lalitha. Chandrasekaran is an avid photographer, music aficionado and a passionate long-distance runner who has completed marathons in Amsterdam, Boston, Chicago, Berlin, Mumbai, New York and Tokyo. He completed his fastest marathon or personal record (PR) at TCS New York City Marathon (2014) with a finishing time of 5 hr 00 min 52 sec.[22] [23]

Awards and recognition

See also

External links

Notes and References

  1. Web site: N Chandrasekaran takes over as TCS CEO . Business-standard.com . 2010-11-18.
  2. News: N Chandrasekaran takes over as CEO of TCS . The Times Of India . 7 October 2009.
  3. News: Tata Sons chairman N Chandrasekaran may follow leadership style of JRD Tata. The Economic Times . 14 January 2017 . Vijayraghavan . Kala . Philip . Lijee .
  4. News: Post Mistry feud, Tatas putting their house in order as N Chandrasekaran gets cracking as new chief. Megha. Mandavia. Baiju. Kalesh. The Economic Times . 18 February 2017.
  5. Web site: Marathon man: Tatas pick first non-Parsi and professional executive as group chairman . . Reeba Zachariah . 13 January 2013 . 21 September 2017.
  6. Web site: Livemint- N Chandrasekaran will assume the chair of B20 India. . 7 December 2022 .
  7. Web site: 'Wasn't academically brilliant, but would put mind and heart into duty', says Natarajan Chandrasekaran elder brother . . Rajesh Chandramouli . 13 January 2017 . 30 May 2018.
  8. News: Sundowner with N Chandrasekaran . . 16 February 2008 . 4 October 2009 .
  9. Web site: TCS Intern to Tata Sons Chairman: N Chandrasekaran Honoured With Padma Bhushan. . News18 . 21 March 2022 . January 27, 2023.
  10. Web site: TCS News & Events: Press Release: Annual revenues cross trillion rupees in 2015-16. www.tcs.com. 2016-08-03.
  11. News: Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman . 24 October 2016 . 24 October 2016 . https://web.archive.org/web/20161024215035/http://tata.com/article/inside/tata-sons-chairman-selection-committee . 24 October 2016 . dead.
  12. News: Ratan Tata to replace Cyrus Mistry as Tata Sons chairman – The Economic Times . The Economic Times . 24 October 2016.
  13. News: Ratan Tata welcomes NCLT verdict . The Economic Times. 9 July 2018 . 12 June 2018.
  14. News: Tata welcomes NCLT verdict but Cyrus Mistry says he will challenge ruling . The Economic Times . 9 July 2018 . 12 June 2018.
  15. News: Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons . Chitravanshi. Dev Chatterjee & Ruchika . 18 December 2019 . Business Standard India . 6 January 2020.
  16. News: Tata Sons moves SC challenging NCLAT decision restoring Cyrus Mistry as executive chairman . 3 January 2020 . The Economic Times . 6 January 2020 .
  17. Web site: Cyrus Mistry shuns top posts at Tata companies, seeks board seat. Upadhyay. Jayshree P. . 5 January 2020 . Livemint . 6 January 2020.
  18. News: Supreme Court stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group . The Times of India. 10 January 2020 . 22 January 2020.
  19. Web site: Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group . Firstpost . 10 January 2020 . 22 January 2020.
  20. Web site: Archived copy . . 18 September 2023 . 17 March 2023 . https://web.archive.org/web/20230317093431/https://timesofindia.indiatimes.com/business/india-business/wasnt-academically-brilliant-but-would-put-mind-and-heart-Natarajan . dead .
  21. Web site: Meet N Chandrasekaran, the man from Namakkal appointed as Chairman of Tata Sons . 12 January 2017 . The News Minute . 2017-01-13.
  22. Web site: Search at Athlinks.com at Athlinks.com. www.athlinks.com. 2017-01-13.
  23. News: Home. NYRR. 2017-01-13.
  24. Web site: TCS chief N Chandrasekaran appointed to board of Reserve Bank. www.businesstoday.in. 5 March 2016 . 2016-08-03.
  25. News: Bureau . The Hindu . 2022-03-21 . Gen. Rawat, Ghulam Nabi Azad, N. Chandrasekharan conferred Padma awards . en-IN . The Hindu . 2022-03-22 . 0971-751X.
  26. Web site: 2015 All-Asia Executive Team Pays Tribute to Trailblazers. www.institutionalinvestor.com. 6 July 2015. 2016-08-03. 15 August 2016. https://web.archive.org/web/20160815141939/http://www.institutionalinvestor.com/article/3467749/research-and-rankings/2015-all-asia-executive-team-pays-tribute-to-trailblazers.html. dead.
  27. Web site: List of winners of Indian of the Year 2014. News18.com. 2015-03-17. 2016-08-03.
  28. Web site: India's Best CEOs 2014. www.businesstoday.in. 28 November 2014 . 2016-08-03.
  29. News: India's 50 powerful people. India Today. 14 April 2017.
  30. News: Doctor of Letters conferred on Tata Sons Chairman. 2017-08-13. The Hindu. 2018-01-11. en-IN. 0971-751X.
  31. e_lenain . 1658483477678002190 . "Dear Natarajan Chandrasekaran, you are a tru friend of France.".
  32. Web site: 'You are a friend of France': Tata Sons' N Chandrasekaran conferred with France's highest order of merit . 17 May 2023 .

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