Chandrasekaran & Reddy Occupy Hot Seats In Nasscom

National Association of Software and Services Companies (NASSCOM) today announced that the Executive Council has appointed R Chandrasekaran, Executive Vice Chairman of Cognizant India, as the Chairman of NASSCOM for the year 2014-15. R Chandrasekaran has been a member of NASSCOM’s Executive Council and will take on the new role from April 09th, 2014. He succeeds Krishnakumar Natarajan, CEO and MD of Mindtree Ltd., who served as Chairman of NASSCOM for the year 2013-14. The Executive Council also announced the appointment of BVR Mohan Reddy, Founder, Chairman and Managing Director, Infotech Enterprises as the Vice Chairman of NASSCOM for 2013-14.

Speaking on the occasion, R Chandrasekaran, Chairman, NASSCOM, and Executive Vice Chairman of Cognizant India, said, “In 2013, the Indian IT-BPM industry witnessed structural changes across industries and technology architectures, coupled with robust entrepreneurial activity. The coming together of these trends will unleash significant business opportunities for the industry, boosting innovation, driving higher levels of collaboration, and making a significant impact on the competitiveness and growth of global corporations and economies. It is a moment of great pride for me to assume charge as the Chairman of NASSCOM in a year when NASSCOM is celebrating its 25th anniversary. I look forward to working with our members and senior leaders in the Executive Council to help shape the industry for the next level of growth and sustain our leadership position globally.”

For the last 25 years, NASSCOM has played an instrumental role in propelling the Indian IT-BPM industry to a leadership position in the global sourcing arena as well as the domestic market. I am honored to be given the opportunity to take up this role and look forward to leading NASSCOM in its next phase of growth. Our industry has had a phenomenal journey in the past two decades growing from less than US$100 million to a US$100 billion plus sector and NASSCOM will continue to garner opportunities to further catalyze the 2020 vision for the industry.” said BVR Mohan Reddy, Vice-Chairman, NASSCOM.

Krishnakumar Natarajan, Former Chairman, NASSCOM said, “It has been a great opportunity to lead the industry as Chairman of NASSCOM. NASSCOM has and will continue to lead the Indian IT-BPM consistently in the current dynamic environment. The sector has impacted India through job creation, foreign exchange, exports and positioned India as an ideal global IT-BPM destination. I have been fortunate to have had the opportunity to work on many issues faced by the industry and be of help in facilitating sustained growth. The year 2014 has brought with it optimism for the industry with drastic improvement in the economic climate and expected rise in technology spending, despite global uncertainty. The way forward looks exciting and NASSCOM will continue to play a critical role in evangelizing and leveraging newer opportunities for the sector.”

Chairman R. Chandrasekaran along with Vice-Chairman BVR Mohan Reddy and President, R Chandrashekhar will lead NASSCOM to carry out its diverse array of priorities to enable NASSCOM in achieving the 2020 vision for the industry:

·         Enable radical transformation of key sectors in India through use of ICT to reduce costs, increase access, enhance efficiency and enable innovation in the sector

·         Going forward the industry will Collaborate, Connect, Co-Create – specifically tailored model for each specialized domain in the IT-BPM sector

·         Changing models will bring compelling business innovations with greater breadth and specialisation across key verticals- BFSI, telecom, healthcare, social entrepreneurship etc.

·         The need of the hour is to prioritize domains based on potential size possible impact readiness of leadership and role of government

·         Industry is coming together to work towards nurturing the start-up ecosystem with NASSCOM spearheading the cause by providing them various platforms to help Indian start-ups break new ground.