New Delhi, April 30, 2012: National Association of Software and Services Companies (NASSCOM), today, announced the appointment of N Chandrasekaran as its Chairman for 2012-2013. Chandrasekaran will take on the new role as Chairman of NASSCOM effective April 30, 2012. He succeeds Rajendra Pawar, who served as Chairman of NASSCOM for 2011-12. Chandrasekaran has been a member of NASSCOM’s Executive Council and is also the CEO & MD of Tata Consultancy Services (TCS). NASSCOM also announced the appointment of Krishnakumar Natarajan, CEO of MindTree Ltd., as the Vice Chairman of the Executive Council.
Speaking on the occasion, N Chandrasekaran, Chairman, NASSCOM, and CEO & MD, TCS, said, “NASSCOM has played a key role to propel the Indian IT-BPO industry onto the global stage and it’s an honor to be elected as its Chairman. In FY12, the Indian IT-BPO sector crossed the $100 billion mark in aggregate revenues and showed great ability to adapt to the ongoing dynamic environment. Globally, there are significant growth opportunities available for all Indian IT companies and by choosing appropriate strategies, investing in capabilities and executing well, our industry can continue to expand its mindshare and market share across developed and emerging markets. He added, “NASSCOM is a great institution and I look forward to working together to help take the Indian IT industry to the next level of evolution.”
“Having worked with the emerging and small company initiative of NASSCOM for the past few years, I am excited to take over the role of NASSCOM Vice-Chairman. One of the key priorities for NASSCOM is to build the future companies of the industry and I look forward to work with NASSCOM to take this initiative to greater heights,” said Krishnakumar Natarajan, Vice-Chairman, NASSCOM, and CEO, Mindtree Ltd.
“It was an honor and privilege to lead the industry as Chairman of NASSCOM. The IT-BPO industry is an engine of growth and innovation; shaping key global trends around macroeconomics, demographics, social, environmental, technology and business. The way forward is exciting and NASSCOM will continue to play a key leadership role in this journey and I wish NASSCOM all the best in achieving this,” said Rajendra Pawar, Chairman, NIIT Technologies, and Former Chairman, NASSCOM.
Chairman N Chandrasekaran along with Vice-Chairman Krishnakumar Natarajan and President, Som Mittal will lead NASSCOM to carry out its diverse array of priorities consisting of industry’s value proposition including:
- Reinvent and embrace new business models, which will offer customers a transformed business proposition
- Drive concerted initiatives to strengthen the innovation capacity and research capabilities through specific domain focus and by encouraging R&D collaborations and public-private partnerships
- Continue to strengthen the long-term entrepreneurial environment
- Enhance the skilled talent pool in the country and focus on specialization
- Continue the use of ICT for inclusive growth and ensure that the basic necessities like education for masses, quality healthcare and employment and skill generation is benefitted by ICT
- Drive to create an ecosystem of innovation for technology businesses, thereby enabling successful product companies to thrive in India
NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPO industries in India. NASSCOM is a global trade body with more than 1200 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services off-shoring and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 2.24 million professionals.
About N Chandrasekaran
Natarajan Chandrasekaran is the CEO & MD of Tata Consultancy Services (TCS). Responsible for formulating and executing the company’s global strategy, Chandra has been at helm of several key strategic transitions at TCS since 2002 when he took over the role as head of global sales. Under his leadership, TCS pioneered the creation of its unique Global Network Delivery Model (GNDM™) across five continents and ventured into new markets including Europe, China and Latin America. It added new business lines like BPO, infrastructure and assurance services. Chandra has also driven the domain diversification drive that has seen the company enter new verticals like Media & Information Services as well as High Tech. Chandra joined TCS in 1987 after completing his MCA from Regional Engineering College, Trichy, Tamil Nadu in 1986. He also holds a BSc in Applied Science from the Coimbatore Institute of Technology, Tamil Nadu.
About Krishnakumar Natarajan
Krishnakumar Natarajan (KK) is the CEO & MD of MindTree Ltd. In this capacity, he has the overall responsibility of both the IT Services and the Product Engineering Services businesses of the organization. Until recently, KK served as President and CEO – IT Services for MindTree. KK has played a key role in the launch of MindTree’s operations in the US and in acquiring some of the early customers for the organization. He also led MindTree’s expansion into Europe, Asia Pacific, the Middle East and Australia. Under his leadership, MindTree has added several Fortune 500 companies to its client list.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 238,500 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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