Subramaniam Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is likely to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor on health grounds.

It is likely that board member Ishaat Hussain may resign. Hussain is also the director of Tata Sons, the Tata Group holding company.

The appointment of Ramadorai will not only revive BSE's image but the exchange will also be able to capitalise on his experience in terms of technology.