After the tense battle with Cyrus Mistry in 2016, Ratan Tata had to be careful about his choice of the next chairperson of Tata Sons. Investors were wary and the world was watching. In this tense phase, Tata picked Natarajan Chandrasekaran to stabilise the ship and take the group to new heights.
A key factor in the choice was Chandrasekaran’s ability to help the Tatas grow in a digital age. Since joining the group as a graduate trainee in 1987, Chandrasekaran has moved up the ranks to reach the position of chief executive at the flagship information technology company Tata Consultancy Services (TCS).
The year 2024 has shown that Chandrasekaran is not only stabilising the group but also laying the foundations for its next big move. The conglomerate is now eyeing a bigger share of the global high-tech manufacturing chain.
A New Era
Speaking at an event in October, Chandrasekaran said: “Between our investment in semiconductors, precision manufacturing, assembly, electric vehicles [EVs], battery and related industries, I think we will create five lakh jobs in five years— manufacturing jobs.”
This story is from the December 2024 edition of Outlook Business.
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This story is from the December 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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