Lakshminarayanan to head TCS' Japan business

Tata Consultancy Services' CEO N Chandrasekaran has deputed one of his top lieutenants, AS Lakshminarayanan, to head the company's Japan business and grow its revenue as the largest Indian IT player looks to grow in that large and largely unpenetrated market. Japan was a very small part of TCS' business — with just about $100 million in revenue. But in April, the company announced it was acquiring Mitsubishi Corp's IT arm, which has about $500 million in revenue a year, and about 2,400 employees. The deal, which closed at the end of June, gives TCSBSE 2.58 % the greatest scale of any Indian IT firm in Japan. Lakshminarayanan, who joined TCS in 1983, has a history of being sent to build businesses from the ground up at the Mumbai-based company.

Read the Economic Times news report here.