BRAVING THE CHALLENGES
Business Today India|December 10, 2023
Tata Consultancy Services has retained the second spot in the BT500 list. With a new leader, the IT behemoth is looking to ride out global headwinds and emerge stronger
PRERNA LIDHOO
BRAVING THE CHALLENGES

IN JUNE, WHEN 58-year-old K. Krithivasan took over as the MD and CEO of Tata Consultancy Services (TCS), India’s largest IT major and a subsidiary of Tata Sons, one of the first decisions he took was to rejig the organisation, aligning it with the $28-billion tech company’s verticals or business groups.

Krithivasan, who has been with TCS for 34 years, has also made sure that his new regime brings existing industry service units (ISUs) in line with business groups. About 200 ISUs now report to the seven business groups within the company. For Krithivasan, this “flip back” is a testament to the agility of the organisation. “We were able to quickly flip into the new structure within about three months or less. Being vertically organised was a very natural state for us. The earlier scheme of things was creating more distraction,” says Krithivasan, who was earlier President and Global Head of the Banking, Financial Services, and Insurance (BFSI) business, TCS’s crown jewel that contributes around 33 per cent to its revenue.

The rejig under the new chief abandons most elements of the restructuring begun by his predecessor, Rajesh Gopinathan, last April, when he had organised the company as per the size of clients. For Krithivasan, the size of the client matters, but not as much as focussing on the industry segment, a key part of TCS’s strategy that has helped it grow its profit after tax by 10 per cent year-on-year to `42,303 crore in 2022-23, even at a time when the IT industry faced headwinds globally. TCS also retained the second spot on the BT500 list, just behind Reliance Industries Ltd, even though its average market capitalisation dipped 5.3 per cent between October 1, 2022, and September 30, 2023.

この記事は Business Today India の December 10, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Today India の December 10, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS TODAY INDIAのその他の記事すべて表示
"Moving to cloud helped us grow❞
Business Today India

"Moving to cloud helped us grow❞

What was the problem you were grappling with?

time-read
1 min  |
November 24, 2024
She's Got Time
Business Today India

She's Got Time

MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP

time-read
3 分  |
November 24, 2024
RISING STAR
Business Today India

RISING STAR

PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.

time-read
1 min  |
November 24, 2024
Building on a Legacy
Business Today India

Building on a Legacy

WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.

time-read
1 min  |
November 24, 2024
LEADER IN INNOVATION
Business Today India

LEADER IN INNOVATION

AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.

time-read
1 min  |
November 24, 2024
WAITING IN THE WINGS
Business Today India

WAITING IN THE WINGS

Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025

time-read
1 min  |
November 24, 2024
A DECENT PROPOSAL
Business Today India

A DECENT PROPOSAL

IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?

time-read
5 分  |
November 24, 2024
Women and the STEM Bias
Business Today India

Women and the STEM Bias

EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.

time-read
3 分  |
November 24, 2024
ROCKET WOMEN
Business Today India

ROCKET WOMEN

WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.

time-read
6 分  |
November 24, 2024
ONE STEP FORWARD
Business Today India

ONE STEP FORWARD

THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.

time-read
6 分  |
November 24, 2024