Former Finance Secretary, Vijay Kelkar joins as Independent Director; Ishaat Hussain, Finance Director of Tata Sons inducted to the Board
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.
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