Gopinathan, the ex-CEO of TCS, Joins BCG As Senior Advisor In TMT Practice

 Former TCS CEO Gopinathan has joined BCG as a senior advisor in the technology, media, and telecommunications (TMT) practice.

Rajesh Gopinathan 

Bengaluru: Former TCS CEO Rajesh Gopinathan has joined the Boston Consulting Group (BCG) as a senior advisor in its technology, media, and telecommunications (TMT) practice aspart of its Delhi team. An email sent to BCG didn’t elicit a response till the time of going to the press. BCG's TMT consultants develop business models, strategies, and capabilities supported by a global network of data scientists, digital business leaders, and IT experts.

In an unprecedented move, Gopinathan stepped down as CEO, especially after receiving an extension for a five-year term from 2022 to 2027. Under his first five-year term, TCS achieved a milestone of $25 billion in revenue at the end of December 2021, up from $17.5 billion when he took charge in 2017. His decision to step down surprised many after more than 40 quarters as CEO, showing stability during the pandemic. He advocated for swift transition to remote work through TCS's Secure Borderless Workspaces (SBWS) model during Covid-19 lockdowns, enabling immediate remote access for employees.

Under his leadership, TCS reached a market cap of $100 billion in April 2018 and later, in September 2021, achieved a market cap of $200 billion. TheThe company's net profit also rose to $4.5 billion in the 2021-22 financial year from $3.8 billion in 2016-17, although margins slipped by 700 basis points to 25%.

He brought significant clients like Standard Life business to TCS. Europe's largest life and pensions consolidator, Phoenix Group, engaged TCS to transform its Standard Life business using the TCS BaNCS digital platform in a $2 billion deal. Under Gopinathan's tenure, TCS's employee count grew from 3.8 lakhs at the end of March quarter in 2017 to over 6 lakhs.