New Delhi: Tata Sons, on Friday (February 11), announced that the conglomerate has extended the term of executive chairman N Chandrasekaran by five more years. "At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment of its Executive Chairman N Chandrasekaran," Tata Sons, the holding company of Tata Group, said in a statement.
Tata Sons said that he (Ratan Tata) recommended his (N Chandrasekaran) term be renewed for a further five-year period. Notably, Chandrasekaran had joined TCS as an intern.
N Chandrasekaran was born in 1963 to a humble farming family in Mohanur, a taluk in the Namakkal district of the Indian state of Tamil Nadu. N Chandrasekaran completed his academics at Coimbatore Institute of Technology and NIT Tiruchirappalli. He further went to study at the Indian Institute of Management, Lucknow. The Tata Sons boss considers former TCS Chairperson Subramanian Ramadorai as his mentor.
Chandrasekaran is one of the most reliable employees working with the Tata Sons. He had joined Tata Consultancy Services (TCS) in 1987 as an intern. So far, he has worked for more than 30 years at the conglomerate, and that may be the reason why he’s popularly called ‘Marathon Man’.
N Chandrasekaran is married to Lalitha and has one son Pranav Chandrasekaran. He currently lives in Mumbai with his wife Lalitha.
He rose from being an intern to heading Tata Group’s IT firm TCS. In 2017, he was appointed as Tata Sons’ chairman at a time when the conglomerate was facing leadership issues after the predecessor Cyrus Mistry was ousted by the company’s board.
Ratan Tata, the Tata Group patriarch, was a special invitee to the Board meeting on Friday. He expressed his satisfaction with Tata Sons’ performance and progress under N Chandrasekaran’s regimen.
On the news of his reappointment as Tata Sons Chairman for five years, Chandrasekaran said, “It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase.”