IT (information technology) services and consulting firm Tata Consultancy Services (TCS) has announced the appointment of Samir Seksaria as its chief financial officer, with effect from May 1, 2021. He will be replacing V Ramakrishnan who retired from his post on April 30.
Prior to the appointment, Seksaria was the head of financial analytics, planning and business finance. A graduate of Narsee Monjee College of Commerce and Economics and chartered accountant by training, Seksaria joined TCS in 1999 and has been a part of consulting assignments involving regulatory compliance and M&A spin-offs, said a statement issued by the company.
“During the past two decades, Samir has played an exemplary role in the company’s financial transformation journey involving simplification, cash management, planning and forecasting, and contract structuring,” said Rajesh Gopinathan, CEO and managing director at TCS in the statement.
TCS reported a 14.9% year-on-year growth for the quarter ended March, with consolidated net profits reaching Rs 9.246 crore. The company also reported a growth in consolidated revenues at Rs 43,705 crore, a 9.4% growth year-on-year.
The company has seen strong deal wins over the last two quarters and recently signed on telecommunications company Ericsson to set up and operate its cloud-based digital workspace for R&D. In February, the largest Indian IT company launched an AWS business unit.