The company also informed that Dr. Harrick Win, Chief Services Innovation Officer, will take over as SMP from August 1. Apart from this, the company has made many major changes, which we have explained in detail here.

Major changes in senior management positions

Dr Harrick Win is a TCS Fellow with over three decades of experience in academia and industry. Prior to this, Harrick was the head of TCS Digitate. TCS also announced that Rajshree R will no longer be an SMP. Shankar Narayanan, V Rajanna, Ashok Pai, Reguraman Ayyaswamy and Siva Ganesan will be designated as SMPs from July 31.

Who is Shankar Narayanan

Shankar Narayan is the Senior Vice President of the company and has been with TCS for over three decades. He has held key responsibilities including Global Head of Retail, CPG, Travel & Hospitality, UK and Ireland market head of TCS, among others.

About Ashok Pai

Ashok Pai is the company’s Senior Vice President and Global Head of CBO. Pai has played a huge role in helping enterprises keep pace with the digital economy.

Reguraman Ayyaswamy with TCS since 29 years

Moreover, Reguraman Ayyaswamy has been with TCS for 29 years. He is the global head of the company’s Internet of Things (IoT) and digital engineering units. He has helped build value-based solutions and services to accelerate integrated manufacturing and product development.

Who is Shiv Ganesan

Siva Ganesan, Global Head of Microsoft Business Unit, has been with TCS for over 32 years. He has experience in sales, operations, program management, delivery and global account management.

About V Rajanna

V Rajanna heads the communications, media and technology business of TCS. When he was the head of the Hyderabad center of the IT consultancy firm, he played a key role in its growth.

The post TCS has announced changes in its Senior Management Positions, know details first appeared on Rightsofemployees.com.

Prior to this, the merger has received necessary approvals from the Central Reserve Bank (RBI), Securities and Exchange Board of India (SEBI), shareholders of HDFC and HDFC Bank, Pension Fund Regulatory and Development Authority (PFRDA) and Competition Commission of India. Apart from this, No Objection Certificate (NOC) has also been received from both the stock exchanges.

$ 40 billion deal: Let us tell you that the HDFC-HDFC Bank merger was announced on April 4, 2022.This is one of the few mega mergers in the corporate history of India. With this acquisition deal of about $ 40 billion, a large company in the financial services sector will come into existence. The combined asset base of the proposed entity will be around Rs 18 lakh crore.

Upon completion of the deal, 100 percent of HDFC Bank will be held by public shareholders, while existing shareholders of HDFC will hold 41 percent of the bank. This is the second such merger in the banking sector. Earlier in October 2001, ICICI Limited had done a similar merger with its banking arm ICICI Bank.

What’s up with the stock: HDFC Bank’s share price is at ₹1572 on the last trading day of the week. The share price has increased by 1.36% compared to a day ago. Similarly, the stock of HDFC also gained momentum and it rose by 1.14% to the level of Rs 2561.

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