Mumbai: TCS veteran N. Chandrasekaran, who took over as the chairman of Tata Sons on Tuesday said his priority would be to make the Tata group companies leaders in their respective fields, ensure greater discipline in capital allocation and deliver superior returns to shareholders.
Highlighting the major areas that the group would focus on under his stewardship, Mr Chandra as he is widely known in the industry said, “In my new role, I will focus on three strategic priorities: bring the group closer together to leverage its enormous collective strength; reinforce a leader’s mindset among the operating companies and drive world-class operating performances across the group; bring greater rigour to our capital allocation policies and deliver superior returns to our shareholders. I look forward to working with my colleagues, the management teams and the Boards of the companies towards achieving these goals”.
While interacting with the media outside the Bombay House, Mr Chandrasekaran, who was the former CEO of TCS said the group would work together to make everyone related to the company proud.
“The group is in the hearts and minds of people in India and globally. We will work together to drive discipline on capital allocation and shareholder returns. This company has always shown tremendous spirit in terms of pioneering and leadership. We will work together to deliver business performance which is industry-leading in all our businesses, and lead ...and not follow,” he added.
Mr Chandra who served TCS for over three decades was selected to lead the $100 billion salt to steel conglomerate by a selection panel within months after the removal of Cyrus Mistry as the chairman of Tata Sons.
On Monday, he chaired the board meeting of TCS, which approved the proposal to buyback 5.6 crore shares from the public shareholders for an aggregate amount not exceeding Rs 16,000 crore.
Apart from TCS, he was also appointed chairman of other group companies including Tata Motors, Tata Steel and Tata Power.
