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Rajesh Gopinathan, CEO and Managing Director of Tata Consultancy Services (TCS), reiterated in an internal email to staff that the company is in good shape to achieve 500 by 2030, following an excellent March quarter (Q4) performance and reporting more than 15% year-on-year growth billion-dollar revenue target.
“As we plan to reach our corporate goal of $50 billion in revenue by 2030, we recently pivoted to a first-of-its-kind organisational structure based on a well-curated customer journey. As part of this new model, we have acquired, incubated, grown, and transformed these Four main engines to operate,” Gopinathan wrote in an internal email to TCSers.
An email sent to TCS regarding Gopinathan’s letter received no response. He added that the model would fuel TCS’ future growth and provide TCSers with several new leadership opportunities while maintaining minimal disruption to customers and operations teams. Effective April 1, TCS changed its organisational structure to align with its strategy to focus on a growth and transformation plan.
The new structure was also created because Gopinathan wanted to project a simpler version of TCS to customers. “While TCS is a complex and large organisation and it brings benefits to larger relationships, for smaller relationships, they should be able to see it as a single point of contact, and that’s what RIGs do. Will help us close more engaged deals with smaller clients,” Gopinathan said.
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RIG groups are critical because large deals take time to close and get smaller in size. In the email, Gopinathan, while congratulating TCSers for their hard work and dedication, highlighted that TCS had become the employer of choice with the highest net increase in the industry. The company hired more than 100,000 fresh graduates in FY22, bringing its total workforce to 592,195.
