TCS CEO statement on Nashik matter; appoints Deloitte, forms oversight panel
TCS · price
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TCS CEO K. Krithivasan issued a statement addressing the recent Nashik matter. TCS has engaged Deloitte and law firm Trilegal as independent counsel for an internal investigation led by COO Aarthi Subramanian, with an oversight committee chaired by independent director Keki Mistry. TCS clarified that Nida Khan, repeatedly named in the press as HR manager, was actually a process associate with no leadership role. The Nashik unit continues to operate and serve clients, and a preliminary review found no related complaints on ethics or POSH channels. TCS reiterated its zero-tolerance policy on misconduct and is cooperating with law enforcement.
Reputational overhang possible in the near term; transparent response and independent probe may help contain long-term damage to stock sentiment.