Chandrasekaran will succeed Banmali Agrawala, who has served as chairman for the past few years. Pending regulatory approvals, Chandrasekaran, already chairman of several key Tata group companies, will assume responsibility. Agrawala, a prominent Tata Sons associate, has transitioned to an advisory role within the group.
Mumbai | Chennai: Tata Sons chairman N Chandrasekaran will additionally serve as chairman of Tata Electronics, coinciding with the company’s allocation of approximately $14 billion for venturing into the semiconductor industry.
Driving the Semiconductor Initiative Chairman of Tata Electronics
Chandrasekaran’s elevation to Chairman of Tata Electronics underscores the conglomerate’s emphasis on the semiconductor sector. His strategic direction facilitated the recruitment of key personnel like Randhir Thakur, former Intel Foundry Services executive, appointed as CEO & MD in 2023.
Forming a Strong Team
Apart from Thakur, Tata Electronics recruited several key individuals to enhance its semiconductor capabilities. Srinivas Satya, previously country president of semiconductor products group at Applied Materials, assumed roles as chief supply chain officer and president of components business in January 2024.
Additionally, the company onboarded 50-60 senior expatriates in recent months, capitalizing on their profound expertise in semiconductor technology, strategic planning, and design to propel its operations.
Leading India’s Electronics Manufacturing
Experts view these strategic hires, combined with Chandrasekaran’s strong leadership, as placing Tata Electronics at the forefront of India’s electronics manufacturing sector. Established in 2020, the company is currently Apple’s sole Indian supplier for assembling iPhone enclosures.
Boosting Capacity and Presence
Tata Electronics is increasing capacity at its Hosur, Tamil Nadu facility and acquiring a site from Taiwan’s Wistron in Karnataka. Reports indicate plans to acquire Pegatron’s Tamil Nadu facility for further expansion.
Capitalizing on Evolving Landscape
The pandemic and geopolitical shifts have led to significant supply chain disruptions, prompting major brands to seek alternatives to China. Indian entities, including the Tata group, are well-placed to recognize and exploit these shifting market dynamics, providing an appealing option for prominent brands looking to diversify supply chains.
Under N Chandrasekaran’s leadership, Tata Electronics is positioned to leverage growing opportunities in the semiconductor and electronics manufacturing sectors, utilizing the Tata group’s extensive resources and expertise to fuel its ambitious growth strategies.
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