Mr Kohli debunks tales of sale Statement issued on behalf of Mr F C Kohli, former CEO and Deputy Chairman of TCS:
“Mr Cyrus Mistry’s comments regarding the sale of TCS to IBM at some “unspecified point in time” are not
correct. I was actively involved in the decision to bring IBM to India. A JV for hardware manufacturing and
support in India, Tata IBM, was set up in 1991-92. This JV was undertaken to promote a computer
hardware industry in India which was non-existent at that time.
I would like to reiterate that at no point at that time was there ever an intention of the Tata Group to sell
TCS to IBM.
With reference to the timeline of the entire episode I would also like to point out that my “heart by-pass
surgery” took place in 1984. Mr JRD Tata was interested in my health and progress after the surgery and he
established contact with my surgeon at Houston. He also wanted to know when I would be well enough to
return to India. He wanted to discuss Burroughs proposal for software work in India under Tata Burroughs,
which might affect TCS’ business.”