Ramadorai appointed chairman of Tata Elxsi

BANGALORE, INDIA: Tata Elxsi Ltd has today announced that S. Ramadorai has been appointed as the chairman of the company and the Board of Directors consequent to the retirement and stepping down of Syamal Gupta.

Ramadorai, who is retiring as the CEO of Tata Consultancy Services (TCS) on October 5, was earlier appointed the non-executive vice-chairman of the company. The new appointment would be a step towards increasing collaboration between the two units of Tata.

Ramadorai said, “There is already synergy between our units, and moving forward we expect to bag more deals from these capacities.”

While addressing the media here, Ramadorai said TCS is seeing stability on the ground and the company's demand pipeline is good.

He added, “We are in the process of many deals, and see a stable market in terms of pricing pressure and contracts, especially from the developed and domestic market. He added that investments from Indian businesses and government will see a visible increase in the next two -three years.”

Tata Elxsi also announced that Sujit Gupta has stepped down as director from the Board of Directors of the company due to ill health. According to the company details, Ramadorai was vice-chairman of Tata Elxsi.

He announced that, TCS would absorb all the 18,000 offers in the company. These were the campus offers made last year.

He said, “We have given some promises to the freshers, and will fulfill that this year. This will rise the total count to around 33000 including the freshers and the experienced ones.” He added that the new campus offers, which would be absorbed next year, is expected to be lesser than the current number.