Tata group at an inflection point: Chandrasekaran
13 Jan 2017 11:19 PM GMT
Stating that the Tata group is at an inflection point, newly-appointed Tata Sons Chairman N Chandrasekaran on Thursday said his aim would be to help progress the conglomerate “with the ethos, ethics and values that the Tata group has been built on”.
Commenting on his appointment as the head of the USD 103 billion salt-to-software behemoth, Chandrasekaran said: “At the Tata group, we are at an inflection point. I am aware that this role comes with huge responsibilities.
“It will be my endeavour to help progress the group with the ethos, ethics and values that the Tata group has been built on.”
He further said he is “humbled and honoured to be chosen to lead a truly great institution that occupies a unique position in the hearts of people in India and the world”.
“I am proud to have been part of the Tata family for over 30 years and assuming this position is a great privilege,” he added.
Popularly known as Chandra, who was the chief of the group’s crown jewel TCS also thanked the Tata Sons Board and Ratan Tata “for their confidence in me to lead this trusted institution that has a rich heritage”.
Industrialist Anil D Ambani tonight congratulated N Chandrasekaran for his elevation as Chairman of Tata Sons saying he is an outstanding choice and bring to table an unparallelled track record of value creation and visionary leadership.
Industry hails Chandra’s appointment as Tata Sons Chairman
Industry peers today lauded the appointment of TCS chief N Chandrasekaran as the Chairman of Tata Sons saying he has “broad enough shoulders” to assume responsibility of being the “custodian of an Indian Icon”.
IT industry veteran N R Narayana Murthy said as the new leader at the helm of USD 103 billion salt-to-software conglomerate, Chandrasekaran will have to face challenges but he has shown at TCS that he is capable of handling those.
Outlining the task ahead of the new Tata Sons chief, Murthy said: “How do you demonstrate your uniqueness in a market that is not growing as fast as you think. How do you make yourself multi cultural?”
He, however, said: “As Chandra has demonstrated to all of us, at TCS, as long as you are able to inspire your people to do extraordinary things, then I think you will be in a position to handle these challenges.”
Congratulating Chandrasekaran on the new role, Mahindra Group Chairman Anand Mahindra said in a tweet: “You are now custodian of an Indian Icon. You have broad enough shoulders to assume that responsibility!”.
ICICI Bank MD and CEO Chanda Kochhar said Chandra has led TCS to become a global technology major.
“His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role. I have interacted closely with him over the years, including in government-industry forums. He is always warm, engaging and insightful. I wish him all the very best,” she added.
RPG Enterprises Chairman Harsh Goenka said
Chandra’s appointment brings closure to India’s most bitter board saga.
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