Indian conglomerate Tata Sons has named TCS head N. Chandrasekaran as its new chairman.
Tata Sons, the holding company of the listed Tata group companies in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt pans, ousted its chairman Cyrus Mistry in October. The news comes after Tata Consultancy Services Ltd, India's biggest software services company, reported its results today.
TCS head N. Chandrasekaran has been widely rumoured to be one of the leading contenders to replace Mistry. In October, Tata Sons' board had set up a five-member selection committee that included Ratan Tata to choose a new chairman within the next four months.