Srinivas Rajamani, a senior executive at Wipro Ltd, has resigned to become the CEO of Opus Technologies, a US-based fintech firm. Rajamani, who joined Wipro in 2005, was responsible for leading the company’s life sciences and consumer businesses in the Americas. His departure marks another high-profile exit from Wipro, which has seen significant leadership churn in recent years. Rajamani attributed his move to the appeal of smaller, specialized firms that offer more opportunities for growth and innovation.
Wipro has struggled with revenue decline and leadership turnover, with at least 30 senior executives exiting the company in the past two years. Rajamani’s departure follows the exit of Laura Langdon, who stepped down as Wipro’s chief marketing officer in December. The company has yet to comment on his exit. Industry experts attribute the trend of senior executives leaving large IT companies like Wipro to the desire for more autonomy, faster growth, and better financial incentives.