2 Min(s) Read
By Anand Singha Mar 16, 2023 8:39:17 PM IST (Published)
The country's largest IT services exporter Tata Consultancy Services (TCS) on Thursday said its managing director and chief executive officer Rajesh Gopinathan has resigned.
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Tata Consultancy Services (TCS), India's largest IT services exporter, has seen remarkable growth under the leadership of Rajesh Gopinathan, who has resigned from the company on Thursday, March 16. Gopinathan, who took over as CEO in February 2017, has completed six years at the helm, during which TCS has achieved significant milestones.
Under his leadership, the company has become a partner of choice for Fortune 500 companies looking to transform their businesses. TCS has grown into a US $25.7 billion global company with over 613,000 associates, making it the largest private sector employer in the world.
Additionally, TCS' market capitalisation has also crossed $167.86 billion in FY23, making it the second most valuable company in India.
He also helped TCS cross a trailblazing net profit mark of Rs 10,846 crore in the third quarter of FY23. Under his leadership, the company's brand value increased by 212 percent to $45.5 billion in the past two years, recognising it as the Most Valuable Indian brand in 2022 by Kantar BrandZ India rankings.
Here is a look at Rajesh Gopinathan’s 6 years at TCS in numbers:
Market cap
April 2018: TCS touched $100 billion in market cap.
September 2021: Market cap touched $200 billion.
Share price
Share price grew from Rs 1,204 in Feb 2017 to Rs 3,794 on Feb 18, 2022.
Revenue
Revenue up from $18.5 billion in the calendar year 2017 To $25 billion in the calendar year 2021, up 42.5 percent.
Net profit
The company’s net profit climbed up to $4.5 billion in 2021-22 from $3.8 billion in 2016-17
Clients
$50 million-plus clients up by 25.5 percent and $100 million-plus clients up by 56.75 percent.
Employees
Strength up 42.5 percent – from 390,880 in the calendar year 2017 to 556,986 in the calendar year 2021.
TCS has more than 200,514 women in its workforce, comprising 36 percent.
TCS has witnessed a 67 percent increase in the number of women in senior leadership positions since FY16.
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