MUMBAI: Amid speculation over succession plans at the USD 71-billion conglomerate Tata Group, Chairman Ratan Tata today said he wants to move on and give others a chance to take his place. "We are also human and we must move on and others should get a chance to take our place," Tata said in reply to a shareholder's query at group company TCS's annual general meeting on the company's retirement policy vis-a-vis his own retirement. Earlier this week, the appointment of Noel Tata as chairman of Tata Investment Corporation triggered speculation that he will step into the shoes of his half-brother, Ratan Tata, as chairman of the conglomerate. However, when contacted, a spokesperson had declined to comment on the speculation. In the Tata Group, there is an age limit of 75 for serving as non-executive chairman and Ratan Tata's term is scheduled to end in December, 2012. Earlier this year, Ratan Tata had told reporters: "I said that after (launching small-car) Nano, it will be a good time to step down... I still have a deadline for my retirement. I do have the responsibility to have a successor and both these things will take place." Source - http://economictimes.indiatimes.com/infotech/software/Im-human-too-wish-to-move-on-Ratan-Tata/articleshow/6121556.cms |
Showing posts with label Ratan Tata. Show all posts
Showing posts with label Ratan Tata. Show all posts
Saturday, July 3, 2010
I'm human too, wish to move on: Ratan Tata
TCS becomes world's 9th largest software company
MUMBAI: Tata Consultancy Services (TCS) has become the world's ninth-largest software services company in terms of revenues, its chairman, Ratan Tata, told shareholders at the company's fifth annual general meeting on Friday.
The big daddies in the global IT industry include IBM with revenues of $96 billion, Microsoft ($58 billion) and Accenture ($22 billion).
For the $6.3 billion-TCS, the focus now ‘‘would be to climb the value chain in a bid to differentiate its services from competition,'' said Tata, who would step down from the chairmanship of the IT major in the next couple of years.
Several shareholders wanted to know how long Tata, who stood for re-appointment as director on the board of TCS, would continue as chairman. They suggested that like several other industrialists in India Inc, he should continue on the board as long as possible. Tata told shareholders: ‘‘As far as I am concerned, I won't sit here as ex-chairman.''
TCS was started as a division of Tata Sons, the holding company of the Tata group, in 1968 to service the in-house electronic data processing needs. The company today is the largest software services firm in the country.
In a bid to be part of the top league, the company has been bagging clients across geographies, building domain expertise, besides adding on a large number of employees.
Source - http://economictimes.indiatimes.com/infotech/ites/TCS-becomes-worlds-9th-largest-software-company/articleshow/6122759.cms
The big daddies in the global IT industry include IBM with revenues of $96 billion, Microsoft ($58 billion) and Accenture ($22 billion).
For the $6.3 billion-TCS, the focus now ‘‘would be to climb the value chain in a bid to differentiate its services from competition,'' said Tata, who would step down from the chairmanship of the IT major in the next couple of years.
Several shareholders wanted to know how long Tata, who stood for re-appointment as director on the board of TCS, would continue as chairman. They suggested that like several other industrialists in India Inc, he should continue on the board as long as possible. Tata told shareholders: ‘‘As far as I am concerned, I won't sit here as ex-chairman.''
TCS was started as a division of Tata Sons, the holding company of the Tata group, in 1968 to service the in-house electronic data processing needs. The company today is the largest software services firm in the country.
In a bid to be part of the top league, the company has been bagging clients across geographies, building domain expertise, besides adding on a large number of employees.
Source - http://economictimes.indiatimes.com/infotech/ites/TCS-becomes-worlds-9th-largest-software-company/articleshow/6122759.cms
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