N Chandrasekaran took over as the chairman of Tata Sons Monday Feb 20,2017

Tata veteran N Chandrasekaran on took over as the chairman of Tata Sons, promising to deliver "industry-leading" performance in all its businesses.

"We will work together to deliver the business performance which is industry leading in all our businesses, and lead ...and not follow," the 53-year-old Chandrasekaran told reporters outside the iconic headquarters of the USD 103-billion salt-to-software conglomerate -- Bombay House.

"It is an honour and a privilege for me to assume this responsibility...I look forward to the opportunity to serve the group in this new role for the years to come and seek support from everyone so that we can collectively make it happen," he said.

N Chandrasekaran served TCS for three decades as it rose to become the largest IT company in the country and also the crown jewel for Tata Sons -- the group holding company which is majority-owned by philanthropic trusts set up by the Tata family.

N Chandrasekaran reached the group headquarters around 9:15 am and within a few minutes, Ratan Tata and other board members also arrived.

On Monday Feb 20,2017, N Chandrasekaran chaired the TCS Board meeting which declared the country's largest share buyback worth Rs 16,000 crore.

N Chandrasekaran succeeds 79-year-old Ratan Tata, who had come back as the interim chairman of the group after a surprise ouster of Cyrus Mistry as the chairman on October 24,2016