Under Rajesh Gopinathan, TCS turned into a slow-moving tech giant

Retained its edge in terms of Ebitda or operating margins over industry peers

Under Rajesh Gopinathan, who took over the reins of Tata Consultancy Services (TCS) six years ago, the company consolidated its leadership position in the Indian information technology (IT) services industry. But it also became a slow-moving giant and lost some of its sheen to competitors — both big and small.

Even as TCS remains the primary cash cow of Tata Group, its revenue and profit growth have slowed considerably.

In the past six years, TCS’ consolidated net sales grew from Rs 1.18 trillion in the financial year ended March 2017 to an expected Rs 2.21 trillion in 2022-23 (FY23), based