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Two new directors join Board of Tata Consultancy Services
Former Finance Secretary, Vijay Kelkar joins as Independent Director; Ishaat Hussain, Finance Director of Tata Sons inducted to the Board
Mumbai, India, January 5, 2010: The Board of Directors of Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm announced that it has appointed Vijay Kelkar, former Finance Secretary to the Government of India and Ishaat Hussain, Finance Director of Tata Sons to the Board of Directors of the Company with effect from January 5, 2010.
With the addition of these two new directors, the total Board strength of the company increases to twelve directors which include six independent directors, including Kelkar, the most recent addition.
Vijay Kelkar holds a doctorate in development economics from the University of California at Berkeley and worked in the Government of India in key posts, including as Advisor to Minister of Finance; Finance Secretary; Secretary of Ministry of Petroleum & Natural Gas; and most recently as Chairman, Finance Commission. He also served on several government task forces including as Chairman of Implementation of the Fiscal Responsibility and Budget Management Act. He represented the Government of India on global forums as an Executive Director at the International Monetary Fund; and as Director at United Nations Conference on Trade and Development.
Ishaat Hussain joined the Board of Tata Sons as an Executive Director on July 1, 1999, prior to which, he served as Executive Director, Finance at Tata Steel for almost 10 years. He is also the Chairman of Voltas and Tata Sky and serves on the boards of several Tata group enterprises including Tata Steel, Tata Industries, Tata Teleservices and Titan Industries. He is also a Public Interest Director of Bombay Stock Exchange.
About Tata Consultancy Services
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com
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