Randhir Thakur, the current CEO and MD of Tata Electronics and a veteran of Intel Foundry Services, was persuaded to join the firm in 2023 thanks in large part to Chandrasekaran’s influence.
N Chandrasekaran, the chairman of Tata Sons, will also assume the role of chairman at Tata Electronics at a time when the Tata group firm has allocated about $14 billion in capital to spearhead its entry into the semiconductor market.
After a few years, Banmali Agrawala will step down and be replaced by Chandrasekaran. After the necessary regulatory permissions, Chandrasekaran, who currently serves as chairman of several important Tata group firms, will assume leadership. Agrawala, a crucial Tata Sons aide, recently joined the group as an advisor.
Chandrasekaran’s appointment as chairman is noteworthy because it illustrates how important the semiconductor division is to the company.
Randhir Thakur, the current CEO and MD of Tata Electronics and a veteran of Intel Foundry Services, was persuaded to join the firm in 2023 thanks in large part to Chandrasekaran’s influence.
Chief supply chain officer and president of components business Srinivas Satya, formerly country president of semiconductor products group at Applied Materials, joined Tata Electronics in January.
Industry observers stated that the company is now at the forefront of India’s story of electronics manufacturing thanks to these significant appointments and Chandrasekaran’s laser-sharp focus.
Tata Electronics has strengthened its company by hiring 50–60 high-level foreign workers in recent months, taking advantage of their vast experience in design, strategic planning, and semiconductor technology.
“The board of Tata Electronics now has the management width and heft to scale up the business. It is now wooing top tier global clients and may surpass growth expectations. The challenge earlier was talent and technology, and the company is chasing both aggressively to drive growth,” said an executive close to the company.
Tata Sons did not comment.
“Since this is a completely greenfield territory for Tata, Tata Electronics will need a more strategic, measured and bold approach moving towards the ‘One Tata’ vision laid out by Chandrasekaran,” said Counterpoint Research vice president Neil Shah. “From semiconductor fabs to finished goods, electronics factories are a double digit billion-dollar opportunity and to ensure it has a strong pipeline will warrant a greater involvement from Mr Chandrasekaran himself,” he added.
Established in 2020, this company is the sole Indian supplier to Apple that assembles iPhone cases. It has acquired a facility of Taiwan’s Wistron in Karnataka in addition to attempting to expand its existing one in Hosur, Tamil Nadu. Additionally, according to reports, the business wants to increase capacity by acquiring Pegatron’s Tamil Nadu facility.
Significant supply chain disruptions were caused by the epidemic and were made worse by subsequent geopolitical realignments. By partnering with well-known brands seeking to expand outside of China, Indian companies such as the Tata group are attempting to recognize and capitalize on shifting market dynamics.
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