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The Times of India
The Times of India
Business
Bloomberg

Tata consultancy declines after CEO Rajesh Gopinathan resigns in surprise move

MUMBAI: Rajesh Gopinathan resigned his post as the chief executive officer of Tata Consultancy Services Ltd, a surprise move that followed a six-year tenure during which shares of Asia’s largest IT services firm almost tripled.

TCS named the head of its banking and financial services business, K Krithivasan, CEO designate. He will take over from Gopinathan, subject to shareholders’ approval, in the next financial year, according to a company filing. The stock, little changed this year, declined more than 1% in early Mumbai trading.

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