TCS Chief Ramadorai steps down today

By siliconindia   |   Monday, 05 October 2009, 20:15 IST
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Bangalore: TCS will not leave any stone unturned in the farewell to its one of the most inspirational leaders, S Ramadorai, who would step down as the company's CEO and Managing Director (MD). N Chandrasekaran, currently Chief Operating Officer (COO) will take over as new CEO and MD of the firm from tomorrow (October 6). Ramadorai, whose term came to an end on August 8, was given an extension till today (October 5). He was appointed as the CEO and MD of TCS for a period of five years from August 9, 2004 to August 8, 2009. From a trainee engineer in 1962 to being the CEO, Ramadorai crossed many hurdles in his 37 years of association with TCS and has been instrumental in building a $5.7 billion global software and services company. Under his leadership, the company's UK turnover has grown to over one billion dollar, helping to create over 4,200 jobs in England. TCS is the country's biggest software exporter in terms of revenue. He has been awarded the Commander of the Order of the British Empire by Her Majesty Queen Elizabeth II for his contribution to Indo-British economic relations. In 2008, he was recognized as the 'International CEO of the Year' at the 14th Annual LT Bravo Business Awards and the 'Asia Talent Management of the Year' at CNBC's 7th Asia Business Leader Award. His academic credentials include a Bachelors degree in Physics from Delhi University, India, a Bachelor of Engineering degree in Electronics and Telecommunications from Indian Institute of Science, Bangalore, India, and a Masters degree in Computer Science from University of California - UCLA, U.S. In 1993, Ramadorai attended the Sloan School of Management's highly rated Senior Executive Development Program. Currently, the total market capitalization of TCS is 61,084.87 crore, which is way above that of the three other group firms Tata Steel, Tata Power and Tata Motors.