TCS reshuffles top ranks, reorganizes business units amid growth push

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Bengaluru: Tata Consultancy Services Ltd (TCS) has undertaken its biggest leadership rejig in three years, shuffling about a dozen senior executives across service lines, industry groups and country operations, even as it also reorganized key businesses, according to two executives aware of the development.

The changes, communicated internally on Friday, are aimed at sharpening accountability and reviving growth at India’s largest information technology (IT) services company after its first annual revenue decline since listing in FY26, the executives said, requesting anonymity. The shuffle also comes as TCS grapples with its highest senior management churn since listing in 2004.

Over a period of at least three months, TCS has split some of its largest business groups, carved out new verticals, and reassigned senior leaders to focus on strategic growth areas and its biggest clients.

In response to Mint’s queries on 8 July, a TCS spokesperson said the company regularly reviews and refines its leadership structure and roles as part of ongoing efforts to strengthen the organization, meet evolving business needs and create career growth opportunities.

“These transitions are therefore not related to the performance of the business units and the company. Any speculation in this regard is entirely unfounded and motivated,” the spokesperson added.

One of the most significant appointments is that of Susheel Vasudevan, president at TCS, who will now lead the company's 50 largest clients, each generating more than $100 million in annual revenue. Vasudevan earlier oversaw the Mumbai-based company’s BFSI (banking, financial services, and insurance) business in North America, including the US and Canada, for nearly three years.

BFSI North America has now been split into two divisions: West Coast, overseen by Rakesh Kumar; and East Coast, overseen by Mohan Veeturi. Both are vice-presidents. Kumar and Veeturi were earlier heading the BFSI service units.

Significantly, BFSI is TCS’s biggest revenue-earning vertical, with 32% of its revenue coming from here.

Vice-president Ganesa Subramanian Vaikuntam, who led the company’s cybersecurity business for almost three years, will now take over as the service unit head of life sciences and healthcare.

Vaikuntam has been replaced by Kumaranarayanan Kaleeswaran, previously head of the energy and resources business in the Americas. The change comes after a year in which several marquee TCS clients—including Marks & Spencer, Co-op and Jaguar Land Rover—were hit by cyberattacks. TCS does not disclose cybersecurity revenue.

Akhilesh Tiwari and V. Rajanna’s roles have been swapped. Tiwari will now head the company’s technology & services domain, while Rajanna will take over the communication & media wing. TCS gets 8% and 6% of its revenue from technology companies and telecom & media firms, respectively.

Last month, the company announced that its Canada country head, Soumen Roy, would head its global capability centre (GCC) unit. Manmeet Chhabra, who headed the BFSI unit in Canada, will now take over as the country head.

The reshuffle also included a reorganization of TCS’s business structure. The company will now have nine business segments instead of seven earlier, with their heads continuing to report to CEO K. Krithivasan and COO Aarthi Subramanian.

Two business groups—life sciences and healthcare; and energy, resources & utilities—were carved out from one, which had all of these combined. The two units generated $3.1 billion and $1.8 billion in revenue, respectively, in FY26.

While Debashis Ghosh remains in charge of the life sciences & healthcare business unit, Sabyasachi Chandra has been put in charge of the energy, resources & utilities business group.

Travel and hospitality have been taken out of the consumer business group, and will be headed by Arun Pradeep Surendra Mohan, who previously headed this...