New TCS CEO for buyouts to build up strength, not just revenue
Making his strategies clear, new TCS chief said the co would look for acquisitions, which will add to its capabilities, but ruled out buyouts just for hiking revenues.
Mumbai: Making his strategies clear, new
chief of TCS N Chandrasekaran today said the company would
look for acquisitions, which will add to its capabilities, but
ruled out buyouts just for hiking revenues.
"If at all we have to increase the pace of growth, we
will have to leverage much stronger... we will grow our
organic growth potential. For that we will have to do
acquisitions to build up capabilities," he told reporters
after taking charge as Tata Consultancy Services CEO here.
For acquisitions, Chandrasekaran cited Europe and Japan
as possible geographies, but said the company would not go for
any buyouts just "in terms of buying revenue".
The company`s focus would be mainly on leveraging its
tools on the back of strong organic growth. It would work on
delivering performance, which would translate to better
shareholder values, he said.
"A major task is to leverage our potentials... we will
certainly leverage our full service offerings and go for
larger deals, where we can help out clients," he said.
The USD six billion IT major, which has 1.4-lakh
employees, is listed on the National Stock Exchange and Bombay
The new TCS CEO said the company, which is the country`s
largest software exporter, would continue to focus on emerging
markets where investments would be made to grow operations.
Chandrasekaran, who succeeds S Ramadorai, has served the
company as chief operating officer (COO) and executive