Mumbai, Jan. 12 (PTI): Tata Sons on Thursday named TCS Chief Executive Officer and Managing Director N. Chandrasekaran as its new chairman,  over two months after the unceremonious sacking of Cyrus Mistry.

Popularly known as 'Chandra', the 54-year-old was chosen to step into the shoes of interim chairman Ratan Tata, who took over on October 24 last year after the removal of Mistry.

The decision to appoint Chandra, a Tata group veteran, was taken at a meeting of Tata Sons board here, sources said.

Chandrasekaran had been chosen by the five-member search committee of Ratan Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya set up after Mistry was ousted.

Chandrasekaran has been heading the Tata group's 'crown jewel', software firm TCS, since 2009. He was appointed as a Director on the board of Tata Sons on October 25, 2016, a day after Mistry's removal.

The search panel was given four months to find the new head of the promoter company of the major operating firms of the $103 billion salt-to-software conglomerate, but the decision has been reached even before that.

In one of the biggest board room battles in history of India Inc, Tata Sons board had removed Mistry as Chairman citing loss of faith in his leadership and for the good of the future of the group, while his predecessor Ratan Tata was brought back as an interim chairman.

Mistry, on the other hand, had alleged that Tata and other trustees of the Tata Trusts ran an alternative power centre and he had been reduced to a “lame duck Chairman”.

Chandrasekaran had joined TCS in 1987 after completing Masters in Computer Applications from Regional Engineering College, Trichy, Tamil Nadu.

Under his leadership, TCS generated consolidated revenues of $16.5 billion in 2015-16. The company remains the most valuable company in India as of 2015-16 with a market capitalisation of over $70 billion.