TCS vice chairman, S. Ramadorai, steps down

TCS vice chairman, S. Ramadorai, steps down

Mumbai: Tata Consutancy Services Ltd (TCS) has informed the BSE that S. Ramadorai, its vice chairman, has stepped down from the board of the company, effective 6 October, on attaining the age of 70. This is in line with the TCS company policy and was announced to shareholders at the company’s annual general meeting on 27 June. Ramadorai, who is also advisor to the prime minister in the national council on skill development, government of India, was the chief executive officer and managing director of TCS from 1996-2009, responsible for taking TCS from a $400 million company in revenue to a $6 billion company in revenue. On 3 September, TCS also announced that current chief executive officer and managing director, N. Chandrasekaran’s term in office has been extended for another five years, effective 6 October, as his last term as chief executive officer and managing director ended on 5 October. At 9.30 am, shares of TCS were trading up 1.06% at Rs.2,805 apiece, while the benchmark Sensex was down 0.04% at 26,558.53 points. 

Rahul kumar GuptaPGDM,3^rd SEMSource:-MINT