- By Priyanka Payal
- Sun, 30 Jul 2023 12:19 PM (IST)
- Source:JND
After CEO K Krithivasan, has taken charge as Tata Consultancy Services (TCS) new CEO, it seems that IT major will undergo a myriad of changes including a new operating structure.
TCS, India’s largest software company, has reportedly rolled out a new operating structure, the first significant after CEO K Krithivasan took charge on June 1.
Tata Consultancy Services also rejigged its top leadership, adding multiple new senior executives, global heads and veterans who have been in the company for more than 18-30 years.
On Saturday (July 29), the company said that based on the discussions with customers and associates over the last couple of months, TCS will be able to deliver the best value to the customers by synergising its domain and contextual knowledge across units.
“Based on the discussions with customers and associates over the last couple of months, we believe, TCS can deliver the best value to the customers by synergising its domain and contextual knowledge across units. In this context, we have announced the new operating structure, which regroups our existing ISUs along industry segments into key Business groups. The above changes will help in deepening customer centricity, which is pivotal to our growth," said a company spokesperson.
In an exchange filing, the IT giant said that TCS executive vice-president K Ananth Krishnan will no longer be in senior management on account of his upcoming retirement. The company said that Ananth Krishnan will leave the senior management position on July 31, 2023, as his retirement is due in October 2023.
According to a Moneycontrol report based on an internal memo sent by Krithivasan, the new operating structure will have the following business groups- BSFI Americas led by Susheel Vasudevan; BFSI UK, Europe and Australia headed by Shankar NS; Communication, Media and Information Services led by Akhilesh Tiwari; Life Sciences, Healthcare, Energy, Resources and Utilities led by Debashis Ghosh; Manufacturing led by Anupam Singhal, Retail, CPG, Travel, Transportation and Hospitality led by Krishnan Ramanujam; and Technology, Software and Services under V Rajanna.
All of these roles will become effective from August 1 and will report directly to Krithivasan, who believes that the above changes will help in deepening customer centricity, critical to the company’s growth amidst an uncertain demand environment.
The company's chief marketing officer, Rajashree R, will step down from her senior management personnel (SMP) role on July 31. According to her LinkedIn profile, her role has transitioned to the post of Vice-President.
TCS also announced that Rajashree R would no longer remain as SMP. Shankar Narayanan, V Rajanna, Ashok Pai, Reguraman Ayyaswamy and Siva Ganesan have been designated as new SMPs from July 31st, 2023.
Apart from this, Harrick Vin, Shankar Narayanan, Ashok Pai, V Rajanna, Siva Ganesan, and Reguraman (Regu) Ayyaswamy will be appointed as SMPs effective from August 1. All of them have been with TCS for over 18-32 years.
Vin takes charge as CTO after Ananth Krishnan's retirement on August 1.
The change in the company’s vertical structure and top management comes at a time when the IT Major is witnessing multiple challenges including macroeconomic uncertainties and dealing with a recruitment bribe case.
Last month, the company sacked six employees and banned six major staffing companies after the employees were discovered accepting bribes by giving preferential treatment to certain staffing for recruiting subcontracted employees.