TCS CEO
Crorepati club at Infosys, Wipro shrinks post Covid-19 Infosys and Wipro, major players in the IT industry, have witnessed a significant decrease in the number of employees with annual compensation exceeding Rs 1 crore over the past two fiscal years. India’s IT company exporter TCS and third-largest HC...
26 Jun, 2024, 06.00 AM ISTIT industry's competitive intensity to be at highest levels in FY25: HCLTech CEO C Vijayakumar Despite a challenging economic environment, HCLTech has achieved remarkable annual growth and outpaced larger competitors. The third-largest software services firm, with annual revenues of $13.27 billion, reported growth that outpaced Tata Consultan...
16 Jun, 2024, 06.00 AM ISTUnpacking K Krithivasan's first year as TCS CEO TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion ...
09 Jun, 2024, 02.20 PM IST- ADVERTISEMENT
How the Indian GCC boom is lighting up prospects of IT firms With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
07 Jun, 2024, 06.00 AM ISTHere's how much top IT CEOs got paid in FY24 Indian IT services company leaders saw a rise in annual compensation amidst industry challenges. Infosys CEO Salil Parekh's remuneration increased by over a sixth to Rs 66 crore. LTI's CEO Debashis Chatterjee's total compensation grew by 10% to Rs 1...
05 Jun, 2024, 09.53 AM ISTInfosys CEO Salil Parekh's annual compensation grew to Rs 66 crore in FY24 Infosys CEO Salil Parekh's annual compensation grew 17.3% in FY24 and reached nearly Rs 66 crore, as per the annual report of the company. In FY23, Parekh's salary was Rs 56.4 crore.
03 Jun, 2024, 10.49 PM ISTIT’s bench strength halves as slump-hit companies eye efficiencies The bench strength at top Indian outsourcers has nearly halved of late, with higher utilisation and generative artificial intelligence (GenAI) driving efficiency in the $254-billion IT industry. Bench strength in the IT industry means full-time empl...
30 May, 2024, 09.38 AM ISTTCS signs deal with Kuwait’s Burgan Bank Burgan Bank, one of the youngest commercial banks in Kuwait with a regional network of over 160 branches and 360 ATMs, will use TCS BaNCS suite solutions, which will enable the bank to manage higher transaction volumes, enhance automation, and impro...
22 May, 2024, 10.22 PM ISTTCS CEO says AI could kill India's call centres soon. Is he right? According to TCS CEO K Krithivasan, AI could result in “minimal” need for call centres in about a year. If Krithivasan’s prediction were to come true, it would mean a lot of change for a lot of people in very little time.
14 May, 2024, 04.07 PM ISTDigit IPO coming soon; TCS’ Krithivasan earnings Bengaluru-based insurtech startup Go Digit General Insurance has announced that its IPO will open on May 15 and close on May 17. This and more in today’s ETtech Top 5.
09 May, 2024, 08.01 PM ISTTCS CEO K Krithivasan’s remuneration at Rs 25 crore in FY24 K Krithivasan Earnings FY 24: In FY24, Tata Consultancy Services (TCS) CEO and MD K Krithivasan's total remuneration was Rs 25.2 crore, a decrease from former CEO Rajesh Gopinathan's Rs 29.16 crore in FY23. N G Subramaniam, the COO and ED at TCS, wh...
09 May, 2024, 12.07 PM ISTTCS chairman N Chandrasekaran says GenAI to create impact not seen or imagined In FY24 from April 2023 to March 2024, TCS also consolidated AI and Cloud expertise with the creation of the AI.Cloud unit.
09 May, 2024, 09.52 AM ISTHCLTech CEO C Vijayakumar sees headwinds affecting Q1 financial services revenue We have a good mix of programs and rely on broad base growth, says HCLTech CEO Vijayakumar. The firm saw strong growth in its financial services vertical in a difficult environment, said Vijayakumar.
29 Apr, 2024, 06.01 AM ISTA gruelling IT marathon: FY24 was a turbulent year for the Indian IT sector. What lies in store for the next 12 months? In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitt...
28 Apr, 2024, 06.00 AM ISTWith $11 million exit pay, Delaporte joins other CEOs in costly exits An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore.
25 Apr, 2024, 09.03 AM ISTTCS has one of world's largest AI-ready workforces, says CEO K Krithivasan IT services major Tata Consultancy Services (TCS) is equipped with one of the largest and most AI-ready workforces in the world, chief executive officer K Krithivasan told employees in an email at the start of the new fiscal.
17 Apr, 2024, 06.00 AM ISTNot participating in India would be a big miss: TCS CEO K Krithivasan TCS anticipates growth in India with a recent BSNL deal. CEO Krithivasan focuses on new markets and expresses optimism about future IT industry demand. The company's strategic deal approach and high margins drive continued success amid market challe...
15 Apr, 2024, 06.01 AM ISTRestless investors, turnaround hopes await Wipro’s new CEO Srinivas Pallia Wipro CEO Thierry Delaporte resigns, Srinivas Pallia takes charge facing tough times. Must boost morale, focus on large deals, client mining, integrate acquisitions, manage industry analysts, and address executive departures for company revival.
08 Apr, 2024, 09.40 AM ISTWipro CEO Thierry Delaporte quits, to be replaced by Americas chief Srini Pallia Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7, the company added.
07 Apr, 2024, 04.31 PM ISTUpbeat IT CEOs expecting tech spends to rise in 2024 India's technology outsourcing industry is optimistic about revenue expansion in 2024. Tata Consultancy Services and Tech Mahindra CEOs expect growth from deal renewals, vendor consolidation, and transformation projects. The IT industry is projected...
21 Feb, 2024, 08.10 AM IST