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Getting people back to office was among toughest challenges: TCS' Lakkad

Getting people back to office was among toughest challenges: TCS' Lakkad

Lakkad and Kunnumul talk about talent, technology, transition, and what lies ahead for TCS's 600,000+ workforce
Shivani Shinde Mumbai
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As Milind Lakkad prepares to hand over the reins to Sudeep Kunnumal after more than six years as chief human resources officer (CHRO) — and a 38-year career at Tata Consultancy Services (TCS) — he looks back on a tenure defined by the pandemic, the Great Resignation, sweeping organisational shifts, and the company's evolving focus on AI. In a joint conversation following TCS' first quarter earnings in 2025-26, Lakkad and Kunnumal speak with Shivani Shinde in Mumbai about talent, technology, transition, and what's next for the IT giant's 600,000-strong workforce. Edited excerpts:
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Rs 1.35 lakh crore wipeout: Seven of top 10 firms lose in market value; TCS sees biggest decline
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Mcap of 7 of top-10 valued firms erodes by Rs 1.35 lakh cr; TCS biggest laggard
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Mcap of 7 of top-10 valued firms erodes by Rs 1.35 lakh cr; TCS biggest laggard

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Mcap of 7 of top-10 valued firms erodes by Rs 1.35 lakh cr; TCS biggest laggard
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Mcap of 7 of top-10 valued firms erodes by Rs 1.35 lakh cr; TCS biggest laggard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1.35 lakh crore last week, with Tata Consultancy Services (TCS) taking the biggest hit. ADVERTISEMENT Last week, the BSE benchmark tanked 863.18 points or 1.05 per cent. TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance faced a combined erosion of Rs 1,35,349.93 crore from their market valuation last week. However, Reliance Industries, HDFC Bank and Hindustan Unilever saw an increase in their mcap. Together, these three firms added Rs 39,989.72 crore in market valuation. The valuation of TCS tumbled Rs 47,487.4 crore to Rs 10,86,547.86 crore. The market capitalisation (mcap) of Bharti Airtel eroded by Rs 29,936.06 crore to Rs 10,74,903.87 crore. ADVERTISEMENT Bajaj Finance's valuation tanked Rs 22,806.44 crore to Rs 5,44,962.09 crore and that of Infosys dropped by Rs 18,694.23 crore to Rs 6,10,927.33 crore. The mcap of State Bank of India declined by Rs 11,584.43 crore to Rs 7,32,864.88 crore. ADVERTISEMENT ICICI Bank faced an erosion of Rs 3,608 crore to Rs 10,50,215.14 crore from its market valuation while LIC lost Rs 1,233.37 crore to Rs 5,59,509.30 crore. However, Hindustan Unilever Ltd added Rs 32,013.18 crore, taking its valuation to Rs 5,99,462.97 crore. ADVERTISEMENT The mcap of HDFC Bank jumped Rs 5,946.67 crore to Rs 15,44,025.62 crore and that of Reliance Industries Ltd climbed Rs 2,029.87 crore to Rs 18,85,885.39 crore. Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.

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