Wipro reshuffles global business lines under CEO Srini Pallia to tackle revenue slump
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Wipro has restructured its global business lines to better align with client needs. This is the first major rejig since CEO Srini Pallia took charge as part of the company’s strategy to overhaul the company amid declining revenues and macroeconomic headwinds in India’s IT sector. The company will reorganise its operations into four key divisions—Technology Services, Business Process Services, Consulting Services, and Engineering.
“Clients are increasingly seeking integrated, outcome-driven solutions that enhance agility and innovation. To better meet these needs, Wipro will realign its Global Business Lines,” Wipro said in an exchange filing.
Technology Services division will be led by Nagendra Bandaru. The division will focus on cloud-enabled solutions, cybersecurity, data analytics, AI, enterprise applications, and digital transformation. This integrates Wipro Enterprise Futuring and Wipro FullStride Cloud.
Business Process Services, previously Digital Operations and Platforms (DOP), will continue to be led by Jasjit Kang and will focus on digital operations and business process transformation. Consulting Services will be headed by Amit Kumar, a recent hire from Accenture, and will provide strategic advisory and transformation services. Capco, Wipro’s largest acquisition, will operate as a separate unit within this division under Anne-Marie Rowland. The Engineering division, previously branded as Wipro Engineering Edge, will be led by Srikumar Rao and will focus on engineering and R&D services.
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The fourth largest IT services company made the announcements on Friday and will be effective from April 1. This comes two years after a similar restructuring under former CEO Thierry Delaporte.
The restructuring follows the resignation of Jo Debecker, who led Wipro FullStride Cloud. His exit marks the 10th senior-level departure since Pallia took charge, with internal candidates replacing seven of the outgoing executives. Additionally, Designit, previously part of Wipro’s consulting business, has been moved under Technology Services.