Tata Consultancy Services chief exec set to take over-report

LONDON, Nov 16 (Reuters) - Natarajan Chandrasekaran, the chief executive appointed last month to Tata Consultancy Services (TCS.BO: Quote, Profile, Research) (TCS), wants to expand the company, he told the Financial Times.

TCS, one of India's leading IT industry companies, contributes nearly 10 percent of group revenues, but has been hit by the global financial downturn, the Financial Times said.

Chandrasekaran plans to have TCS design, develop and manage clients' software and maintain hardware systems, the Financial Times newspaper said.

He needs to restore growth and continue its global expansion, and the company plans to do that by identifying new transnational companies in emerging markets, the newspaper said.

Whether the global recovery is "V-shaped, W-shaped or 'square root'-shaped" clients will be wanting to cut costs and streamline IT systems, Chandrasekaran told the Financial Times.

Tata was unavailable for comment. (Reporting by Sharon Lindores; Editing by Jan Paschal)