TCS Head N. Chandrasekaran is the new Chairman of Tata Sons

N. Chandrasekaran has been appointed as the new Chairman of Tata Sons, the holding company of Tata Motors. He is currently the CEO and MD of Tata Consultancy Services, the group's IT arm. This appointment comes after the earlier Chairman, Cyrus Mistry, was ousted from the designation in October last year. Since then, Ratan Tata has been acting as the interim Chairman of Tata Sons. Mr. Chandrasekaran will be taking his new charge from February 21, 2017.

Having worked with TCS since 1987, N. Chandrasekaran has been at the helm of proceedings at TCS since 2009. Under his leadership, TCS has touched great heights and is currently the most valuable company in India with a market capitalization of over US $70 billion. This successful run of Chandrasekaran in his current role has been an important factor in finalizing his name for leading the salt-to-software conglomerate.

The appointment was made after detailed deliberation by a five-member panel that included Ratan Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya. With Chandrasekaran moving to his new role, Rajesh Gopinathan has been appointed as the new CEO of TCS.