In a letter to employees, he exuded confidence in his successors, saying he strongly believes that "TCS' best years lie ahead".
"I have confidence that the new management team will take TCS to the next levels of our aspirations," he added.
Reminiscing his over three decade-journey at the IT services firm, Chandrasekaran said TCS is the only company he has worked for all his life and that he was very proud of being a TCSer.
He further wrote, "I look forward to continuing my association with TCS and in turn with all of you in my new capacity as the Chairman."
Tata Consultancy Services (TCS) has named Rajesh Gopinathan as its new MD and CEO to succeed Chandrasekaran and has also appointed N Ganapathy Subramaniam as President and Chief Operating Officer.
Previously serving as the Chief Financial Officer at TCS, Gopinathan has been with TCS since 2001. He was appointed as CFO in February 2013. He has also worked with Tata Industries. He has played a key role in helping TCS becoming a USD 16.5 billion global company with over 3.7 lakh employees.
"As you know, Rajesh is a 16-year veteran of TCS and has been a long-standing member of my management team, worked very closely with me in formulating and executing the company strategy...Rajesh will be supported by N Ganapathy Subramaniam as the President and Chief Operating Officer and a very able executive team of senior leaders and presidents," he said.
Chandra has played an active role in voicing the USD 150 billion software industry's wishes and also serves as a member on the board of the Reserve Bank.
Under his leadership, TCS generated consolidated revenues of USD 16.5 billion in 2015-16 and is India's largest software company in terms of revenue. With over Rs 4.6 trillion in m-cap (today), TCS is also the most valued company in the country.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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