TCS chief's elevation to Tata Sons Board fitting: Nasscom prez

Speaking to CNBC-TV18 Nasscom President R Chandrashekhar spoke about TCS Chief and MD Natarajan Chandrasekaran’s elevation to the Tata Sons Board. He said that the move signifies the rising importance of IT in a large multi-sector conglomerate’s business portfolio. It also shows the importance that IT has come to acquire in the mainstream economy. “It is a fitting elevation,” he said, referring to TCS Chief.N Chandra's elevation comes in the wake of the ouster of Cyrus Mistry from Tata Sons' chairmanship yesterday. .

He [TCS chief] is a peson of extraordinary capability and he will prove more than equal, the Nasscom President said.

In IT services, the days of 15-20 percent growth are done, he said.Watch video for more...