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If Natarajan Chandrasekaran wants Tata Consultancy Services to grow at a blistering pace, NR Narayana Murthy is not one to rest on his laurels even after a lifetime spent building Infosys. Murthy has put Indian IT on the global map, and set standards that others aspire to meet. To Chandrasekaran goes the credit of turning TCS into India Inc’s hottest property — the firm logged $10 billion in revenues in 2012. In his second innings at Infosys, Murthy’s hoping to steer the $7-billion IT major onto a faster track with a tenacity that belies his age. The younger Chandrasekaran is raring to go: brimming with ideas to deal with new challenges that the digital age brings.
The first-ever Express IT Awards in Bangalore on Saturday will see Murthy being honoured with the Lifetime Achievement Award and Chandrasekaran taking home the the Newsmaker of the Year award.
Indeed, it has not been easy for Indian IT to keep up the tempo in a tough business environment. But the TCS chief has repeatedly surprised the Street, outperforming quarter after quarter; TCS became the world’s second most valuable IT services company in 2013.
If India today is a shining jewel in the global IT world, much of it is thanks to Murthy's vision. A Padma Vibhushan recipient who loves western classical music, the unassuming Murthy wears his learning lightly.
Chandrasekaran, for his part, has catapulted TCS into a different league altogether. With his extreme customer focus, in the last four years Chandra has transformed TCS, making it grow at a speed few companies can match. In 2013 he grew the company further, opening up a wider gap with all its rivals.
Here’s the strike rate: TCS led India’s top-tier IT pack with a 5.4% sequential growth in dollar revenue during the July-September stretch, while it posted 4.1% growth in the first quarter this fiscal.
Chandra has been credited with spearheading several strategic new business initiatives at TCS and adding new business lines. TCS, under him, has entered new industry verticals such as media and information services, mobile and digital services. All of these have since matured into sizeable businesses.
With over 285,000 employees, TCS has become the largest private sector employer in the country with the highest retention rate in the $108-billion Indian IT industry. It is expected to have 300,000 employees on its rolls by the end of the current fiscal.
Chandra, who represents TCS at multiple global and