Rajesh Gopinathan, who concluded his tenure as CEO and MD of Tata Consultancy Services (TCS), expressed gratitude towards his six-year leadership in an email to employees. He referred to this period as a time of remarkable growth and transformation for the company. Gopinathan warmly welcomed his successor, K Krithivasan, and expressed confidence in TCS’s future, particularly its ambitious goal of reaching a $50 billion mark. He mentioned his pride in the achievements and structural changes implemented during his tenure.

While stepping down as CEO, Gopinathan will remain involved in facilitating a smooth transition until September 16, 2023. Reports indicate that he and Krithivasan have been meeting with TCS’s major clients worldwide. Under Gopinathan’s leadership, TCS experienced significant growth, with revenue increasing from $17.5 billion in March 2017 to $27.9 billion in March 2023. The company’s market capitalization also rose from $74 billion to $143 billion.

Gopinathan emphasized the importance of self-discovery and the recognition of the value TCS delivers to its customers. The company underwent a process of increased awareness and brand restructuring, exemplified by their new brand identity and statement, “Building on Belief.” Additionally, TCS implemented structural changes, including the introduction of a three-tiered business unit structure, expanding the pool of named business unit owners.

Gopinathan’s resignation came as a surprise to the market, as TCS has had only four CEOs since its establishment in 1968. While his future plans remain undisclosed, there are speculations that he may take on a consulting role within the group. Gopinathan expressed gratitude for the opportunity to lead TCS and acknowledged the mentorship of Chandra, the company’s chairman, and the proud legacy of his predecessors, Mr. Kohli, Ram, and Chandra.