Tata Consultancy Services head doubles down on $50-bn revenue target
After a stellar March quarter (Q4) performance and reporting over 15 per cent year-on-year growth, Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) in an internal mail to employees reiterated that the company is well placed to achieve its $50 billion revenue target by 2030.
“As we chart our course to be $50 billion company in revenue by 2030, we have recently moved to a first-of-its kind organisational structure based on curated customer journey. As part of this new model, we operate through our four primary engines of acquire, incubate, grow and transform,” wrote Gopinathan in an internal mail to TCSers.
An email sent to TCS about Gopinathan’s letter did not receive any response.
He added that the model would propel TCS’s future growth and provide several new leadership opportunities for TCSers while maintaining minimal disruption to accounts and operational teams.
Since April 1, TCS has changed its organisational structure to align with its strategy of focusing on the growth and transformation agenda.
The reason for setting up the new structure is also because Gopinathan wants to project a simpler version of TCS to customers. “While TCS is a complex and large organisation that has delivered benefits to larger relationships, for a smaller relationship they should be able to see it as a single point of contact and that is the role of RIG. This will also help us get more engaged deals with smaller customers,” said Gopinathan.
The RIG group is crucial in as large deals are taking time to close and deals are getting smaller.
In the email, Gopinathan while congratulating TCSers for their hard work and commitment, he also emphasised that TCS has emerged as employer of choice in the industry with the highest ever net addition. The company hired over 100,000 freshers in FY22 and took its total headcount to 592,195.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
