TCS market-cap doubles under the leadership of Rajesh Gopinathan

22 Feb 2022 , 09:53 AM

Tata Consultancy Services Limited (TCS) has seen a two-fold jump in its market capitalization from $100 billion in 2018 to $200 billion in the current fiscal year. The company also managed to increase its revenue from $18.50 billion in 2017 to $25 billion in the year 2021. All of this under the leadership and guidance of CEO and MD Rajesh Gopinathan, who completed his five years in India’s largest services company on Monday.

The company anticipates that the next $25 billion revenue will be on the back of growth and transformation projects to be executed by its clients supported by a sustained move towards cloud-based offerings.

Speaking on Rajesh’s tenure, it specifically witnessed the global covid-19 crisis which compelled the company to adopt a 25X25 vision, where by 2025, TCS aims that only 25% of its workforce will work from the TCS facilities at any time, with associates contributing only 25% of their time in office.

Gopinathan earlier occupied the position of chief financial offer in the company and succeeded CEO N Chandrasekharan.

TCS was trading 3.48% lower so far in today’s trade at Rs3,590 against its previous closing price of Rs3,719.40 on NSE. The scrip touched an intraday high and low of Rs3,667.90 and Rs3,586 respectively.