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TCS’s Chandrasekaran named Tata Sons Executive Chairman

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TCS's Chandrasekaran named Tata Sons Executive Chairman Mumbai:  Natarajan Chandrasekaran, 53, who has spent some 30 years in the Tata group, will be the new Executive Chairman of Tata Sons — the first non-Parsi to head the $103-billion global empire with a 148-year history, it was announced on Thursday. “Chandrasekaran has demonstrated exemplary leadership as the Chief Executive Officer and Managing Director of Tata Consultancy Services,” said a statement from Tata Sons, adding that he will take over the holding company’s reins on February 21.

“We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead,” the statement added. Considered an “insider”, Chandrasekaran had already been inducted into the board of Tata Sons in October last year as additional director, a day after Cyrus Mistry was unceremoniously removed as chairman.

Just a few hours before the announcement, the group veteran had reported a better-than-expected third quarter results for Tata Consultancy Services, one of the highest revenue earners for the group.  An avid photographer and a passionate marathon runner, “Chandra” — as Chandrasekaran is called by his peers — has been associated with TCS since 1987, during which time he has seen its revenues grow to $16.5 billion, with 371,000 consultants and a market cap of over $70 billion.

Mistry was removed as Tata Sons chairman on October 24 and Ratan Tata was named the interim chairman. This apart, a selection committee was constituted with the mandate to recommend a new chairman within four months. The committee, formed as per the articles of association, comprised Ratan Tata, industrialist Venu Srinivasan, technocrat Amit Chandra, former Indian Ambassador to the US Ronen and and Lord Kumar Bhattacharyya.

Tata Sons said Chandrasekaran was the committee’s unanimous choice. A masters in computer applications from Regional Engineering College, Trichy in Tamil Nadu, the new Tata Sons chair, was the chairman of Nasscom, the apex trade body for IT firms in India in 2012-13. He has also been a member of several task forces of the Indian government. The TCS Web site said he has completed several marathons around the world including Amsterdam, Boston, Chicago, Berlin, Mumbai, New York, Prague, Stockholm, Salzburg and Tokyo. He lives in Mumbai, with his wife Lalitha and son Pranav.

“Chandra is a great choice,” said N.R. Narayan Murthy, the Infosys co-counder. “He is all the time learning with people, he is all the time sharing with people. I have no doubt the entire industry will be celebrating today,” Murthy added. “Excellent choice. He dserves it. I’ve known him for several years and he is level headed, dynamic and young,” said banker Deepak Parekh, who has been on the board of Tata Group company Indian Hotels. He said the challenges before Chandrasekaran will be the UK operations of Tata Steel, and Tata Telecom.

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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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