BENGALURU: Former chief executive officer of Tata Consultancy Services (TCS) Rajesh Gopinathan has joined the Boston Consulting Group (BCG) as senior adviser, technology, media, and telecommunications (TMT) practice as part of its Delhi team.
An email sent to BCG didn’t elicit a response till the time of going to the press. BCG’s TMT consultants develop business models, strategies and capabilities supported by a global network of data scientists, digital business leaders and IT experts.
In an unprecedented move, Gopinathan stepped down as chief executive officer especially after he got an extension for a 5-year term from 2022-2027.
Gopinathan’s first 5-year term saw TCS’s revenue hitting the $25 billion milestone at the end of December quarter in 2021, up 42% from $17.5 billion when he took charge in February 2017. After serving as the CEO for over 40 quarters, his decision to step down after steadying the ship during the pandemic, surprised the street.
He was one of the proponents of swift transition to remote working during Covid-19 induced lockdowns through its Secure Borderless Workspaces (SBWS) model that enabled remote access for employees. Under his leadership, TCS touched $100 billion in market cap in April 2018 and in September 2021, its market cap touched $200 billion.
The company’s net profit has also climbed up to $4.5 billion in the 2021-22 financial year from $3.8 billion in 2016-17 while margins have slipped by 700 basis points to 25%.
He brought big logos like the Standard Life business to TCS. Europe’s largest life and pensions consolidator Phoenix Group has roped in TCS to transform its Standard Life business through the TCS BaNCS digital platform in a deal valued at $2 billion.
We also published the following articles recently
Former TCS CEO Gopinathan joins BCG as senior advisor in TMT practiceFormer TCS CEO Rajesh Gopinathan has joined Boston Consulting Group (BCG) as senior advisor in its Delhi team. An email to BCG didn't elicit a response. BCG's TMT consultants develop business models, strategies, and capabilities with the support of a global network of experts. Gopinathan stepped down as CEO after receiving an extension for a 5-year term. During his tenure, TCS achieved significant milestones, including reaching $25 billion in revenue and $200 billion in market cap.105543326TCS launches generative AI practice in partnership with AWS: How will it help businessesTata Consultancy Services (TCS) launches its AWS generative AI practice to help businesses scale the right solutions for their unique needs. TCS consultants co-innovate generative AI-powered solutions with clients at TCS Pace Ports. TCS offers generative AI services, including consulting, solution design, large language model training, and code recommendations. TCS aims to help organizations harness the potential of generative AI and drive growth and transformation.105540761IP infringement: TCS to take $125 million hitTCS faces $125 million hit in Q4 due to legal setback in Epic Systems intellectual property infringement case.105399101
