Tata Consultancy Services (TCS) Managing Director (MD) and Chief Executive Officer (CEO) Rajesh Gopinathan on Thursday decided to step down to pursue other interests.

He has been with the company for over 22 years. The board of directors considered his request to be relieved of his positions, and accepted it. It has nominated K Krithivasan CEO-designate with effect from March 16, 2023.

Gopinathan will continue with the company till September 15, 2023, to provide transition and support to his successor. In his six years as CEO, TCS added over $10 billion in incremental revenues and over a $70 billion increase in market capitalisation.

For a company in existence for 55 years, TCS has had only four CEOs and Krithivasan will be the fifth. The company has had one of the most stable management teams in the industry.