Wednesday, November 28, 2012

TCS's Chandra bags India Business Leader Awards

Imagine a list that includes KV Kamath, Mukesh Ambani, Deepak Parekh, Anand Mahindra and Ratan Tata. Now imagine how exceptional a business leader would have to be to get on to that list. But this year's business leader of the year made it look easy.

                          



At one point in the over three hour long jury deliberations, they asked TCS MD & CEO N Chandrasekaran to leave the room. That's because Chandra had made it to the final list of eight nominations for the business leader of the year award.


Pratip Chaudhuri, chairman of SBI said, "When the selection was done, Mr. Chandra recused himself as the best practices, there again was total unanimity."


Even though in the fray were some heavy hitters - like Nitin Paranjpe, Aditya Puri and Chanda Kochhar. But this young leader, an avid trekker and marathoner, who has helped his company scale the USD 10 billion in revenue mark - won every vote in the room


Sunil Bharti Mittal, chairman of Bharti Airtel said, "Chandrasekaran has done a great job. He has taken over the company which was not too much in the past and what he has done to the company is remarkable. TCS is really above the charts now, above everybody else in the country across the sectors and coming across very strong leaders, shadows like Ram is no mean achievement."


"Chandrasekaran has put his stamp on the success and growth of the company. And, I think we all lauded him for his achievement," Mittal added.


YC Deveshwar, chairman, ITC said, "I think the size of the business, is market capitalization, its foreign exchange earning, the amount of employment creation. For me when you look at growth rates, whether it is in terms of PAT or growth rates in terms of return of capital employed, return in terms of net worth or any other capital indicators."


Deveshwar further added, "The size of the company is very important because it gets tougher when you get bigger and bigger. So, TCS has demonstrated that they have continued to perform even during a period when there has been a relatively lower position of the sector."


Harish Salve senior advocate of Supreme Court said, "There can be hardly any doubt that he is one of the finest leaders. Running a company like TCS, sometimes it's a challenge when you are running an institution and yet making it perform better. It's easy to start from zero. Zero to five is 500% growth. But, 5000 to 5001 is a very small growth but sometimes maybe a very difficult growth. That's why he wins."

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