Wipro Limited, a leading Indian technology company, has appointed Sandeep Dhar as the global head of its Global Capability Centre (GCC) practice. This move aims to strengthen Wipro’s leadership team and enhance its focus on supporting global enterprises with strategic transformation. Dhar brings over 30 years of experience in the GCC ecosystem and consulting, with expertise in building and scaling high-impact capability centers across various industries.

According to Sanjeev Jain, Wipro’s Chief Operating Officer, Dhar’s appointment is a significant addition to the company’s team. Jain noted that Wipro has been a trusted partner to GCCs for over two decades and is delighted to have Dhar on board. Dhar’s experience in transforming organizations such as Tesco and Goldman Sachs Consumer Bank into strategic centers for innovation and growth will enable Wipro to deliver superior business value to clients.

In his new role, Dhar will lead Wipro’s consulting-led and AI-powered GCC strategy, designed to help global enterprises establish and scale as future-ready transformation and innovation hubs. He will report to Jain and focus on enhancing Wipro’s execution in the GCC space. Dhar expressed his enthusiasm for joining Wipro, stating that the company is ideally positioned to be the strategic partner of choice for GCCs, offering services that align with their objectives to establish, scale, transform, or exit.

Wipro’s GCC services cover the entire lifecycle, from portfolio strategy to setup and operation, ensuring that clients receive solutions that align with their strategic goals. The company offers tailored approaches for efficiency, transformation, innovation, and enhanced performance. With Dhar’s leadership, Wipro is poised to further strengthen its position in the GCC market and support global enterprises in their transformation journeys. Dhar’s expertise and experience will be invaluable in driving Wipro’s GCC practice forward and delivering business value to clients. Overall, this appointment is a significant step for Wipro as it sharpens its focus on supporting global enterprises with strategic transformation.

Wipro Ventures, a corporate venture arm of Wipro Ltd, has appointed Ali Wasti as its new co-managing partner to focus on artificial intelligence (AI) investments. Wasti, a veteran investor in deep-tech startups, joins from Hewlett Packard Enterprise, where he was senior managing director and global head of investments at Pathfinder Ventures.

In his new role, Wasti will work alongside Biplab Adhya, Wipro Ventures’ co-managing partner. The appointment is seen as a strategic move by Wipro to deepen its focus on AI investments, as Wasti has a proven track record in investing in AI, data infrastructure, and cybersecurity.

The move is also seen as a response to the growing importance of AI in the technology industry, with Wipro Ventures receiving a $200 million infusion to accelerate investments in early- to mid-stage startups.

Wipro Ventures was launched in 2015 as a strategic investment arm to gain a foothold in startups that threatened the dominance of IT service providers. The venture arm has invested in 37 companies and has over 250 clients, with a majority of its portfolio companies based in the US.

The appointment of Wasti is seen as a win-win for Wipro, as it aims to drive AI investments and vertical investments in the future. Analysts believe that Wipro’s focus on AI will be a key factor in its growth, as AI becomes increasingly important in the technology industry.

Wipro Ventures is not the only investment arm associated with India’s fourth-largest information technology services company. Azim Premji, Wipro’s founder, has a family office called Premji Invest, which invests in startups building new-age technologies and supports initiatives of the Azim Premji Foundation.

Wipro, a leading IT firm, has appointed Kenny Kesar as its new Global Chief Information Officer (CIO). In a post on LinkedIn, Kesar outlined his priorities, which include leveraging business Artificial Intelligence (AI), emerging technologies, optimizing IT operations, and creating seamless digital experiences to strengthen the team and enhance customer outcomes. He expressed his excitement about collaborating with colleagues to push the boundaries of what’s possible and unlock new efficiencies, accelerate decision-making, and drive business impact.

Kesar has a long history with Wipro, having previously served as the head of information systems from 2007 to 2011. He rejoined Wipro in 2023 and was appointed Senior Vice President and Global Head of Business Systems and Application Management. Prior to his current appointment, Kesar has also worked with companies such as SAP, Oracle, and GE Healthcare.

Kesar’s appointment comes at a time when Wipro is undergoing significant restructuring. The company recently announced a realignment of its global business lines, effective April 1, which includes consolidating cloud, data, analytics, AI, and related businesses under the Tech Services business line. Additionally, Wipro has seen several executive-level appointments in the last year, including the appointment of CEO Srini Pallia’s one-year anniversary in his current role.

Wipro Ltd, India’s fourth-largest information technology (IT) services company, has reorganized its global business lines to better align with client needs, as part of a efforts to turn around declining revenues and navigate macroeconomic challenges. The company has announced the departure of Jo Debecker, who headed Wipro’s FullStride cloud services business, and has introduced a new organizational structure with four business arms: Technology Services, Business Process Services, Consulting Services, and Engineering.

The new business lines will be effective from April 1, and each arm will have its own leader, all of whom are internal candidates. The Technology Services business will focus on cloud-enabled and industry-specific technology solutions, while Business Process Services will focus on digital operations and customer support. Consulting Services will provide advisory and transformation services, and Engineering will focus on engineering, research, and development services.

This is the second time in three years that Wipro has reorganized its business structure, with the last change taking place in 2023 under the leadership of former CEO Thierry Delaporte. The company is expected to post a second consecutive year of full-year revenue decline, with many predicting slower growth for India’s IT industry due to high lending rates, geopolitical uncertainty, and tariffs imposed by the US.

Despite these challenges, Wipro’s CEO Srini Pallia remains optimistic, saying that the new organization will enable the company to better serve clients with consulting-led and AI-powered solutions. Wipro is also focused on ensuring that its deals and renewals meet its operating margin target of 16%. As the company navigates these uncertain times, many analysts believe that the changes are a step in the right direction, particularly in merging cloud and AI services, which are increasingly intertwined.

Wipro GE Healthcare has launched Versana Premier R3, a cutting-edge AI-enabled ultrasound system designed to boost clinical efficiency, accuracy, and workflow automation. Manufactured at Wipro GE Healthcare’s Production Linked Incentive (PLI) factory in Bengaluru, India, this advanced technology promises to deliver exceptional image clarity, AI-driven automation, and seamless compatibility with 23 probes for precise diagnoses. According to Chaitanya Sarawate, Managing Director, Wipro GE Healthcare South Asia, the company is committed to harnessing the power of AI to improve precision care, simplify clinical workflows, and drive better patient outcomes.

The company has invested heavily in AI, recognizing its potential to revolutionize personalized, preventive, and affordable healthcare. As part of its five-year plan, Wipro GE Healthcare has pledged to invest over ₹8,000 crore in manufacturing output and local R&D initiatives. This significant investment reflects the company’s dedication to innovation, focusing on developing innovative solutions that can make a meaningful impact on global healthcare.

The Versana Premier R3 is the latest example of Wipro GE Healthcare’s commitment to leveraging AI to improve patient care. This advanced ultrasound system is designed to enhance clinical efficiency, reducing the time spent on diagnosis and treatment. With its AI-driven automation features, healthcare professionals can now focus on higher-value activities, such as patient care and treatment planning. The Versana Premier R3 is a significant leap forward in medical technology, and Wipro GE Healthcare’s dedication to AI will continue to shape the future of healthcare, driven by innovation and a commitment to improving patient outcomes.

Kajal Jalwa, a woman from Haryana, is an inspiration to many as she cracked the UPSC Civil Services Examination while working at Wipro and balancing marriage. She made five attempts before achieving success, securing a rank of 28th in 2018. Kajal’s journey began in 2012, but she faced setbacks, struggling to clear the prelims in three attempts. After her marriage to Ashish Malik in 2016, Kajal’s husband became her biggest supporter, helping her through the toughest times.

Despite her demanding job at Wipro, Kajal found time to study by managing her daily routine, dedicating three hours to studying during her daily cab rides and utilizing her weekends to catch up on anything she missed during the week. She also strategically planned her leaves, taking a week off before the prelims and a 45-day break before the mains to focus on her studies.

Kajal’s success is a testament to her hard work, discipline, and the support system around her. She resigned from Wipro just 10 days before joining the Lal Bahadur Shastri National Academy of Administration, a prestigious institution for UPSC aspirants. Kajal’s story shows that with determination and the right support, any goal can be achieved, including cracking the UPSC exam while managing a full-time job and marriage. Her achievement is an inspiration to many, especially women who are juggling multiple responsibilities.

The 14th edition of Wipro’s Earthian Awards was held at Azim Premji University in Bengaluru, recognizing the best efforts of Indian schools and colleges in promoting sustainable actions and thinking. The Wipro Earthian Program, one of India’s largest sustainability education programs, received over 1,500 project submissions, with 23 winning and 43 shortlisted entries selected by an independent jury. The winning teams demonstrated a deep understanding of biodiversity, waste, and water management through activity-based learning programs and written essays.

Over 100 schools were recognized for their efforts by Wipro’s NGO partners, and the Wipro Sustainability Educators Network (SEN) engaged with students and local communities through various activities, such as winter and summer schools, nature camps, and library sessions. The program aims to foster local and contextual learning and insights on sustainability-related issues.

The Wipro Earthian Awards were presented with certificates and cash prizes by the CEO of Azim Premji Foundation and Wipro’s Global Head of Sustainability and Social Initiatives. The program, which has been running for 14 years, is designed to ignite interest and learning in young minds on the relationship between humanity and nature.

In addition to the awards, Wipro Earthian also supported colleges through the ‘Ideas to Impact’ (i2I) challenge, in collaboration with IIT Madras. Five college teams were recognized for their innovative projects in the themes of energy, building materials, and water. The challenge received over 2,000 registrations from schools and colleges across 27 states and aimed to validate eco-innovative ideas and support their transformation into viable prototypes that contribute to a carbon-neutral future.

Wipro has honored 23 schools for their sustainability initiatives as part of its Wipro Earthian Sustainability Excellence in Education (WSEE) program. The WSEE program recognizes and rewards schools for their efforts to promote sustainable practices, reduce waste, and conserve energy. The 23 winning schools were chosen from over 500 participating schools across India, based on their outstanding performance in areas such as water conservation, energy efficiency, and waste management.

The WSEE program is a pioneering initiative by Wipro that aims to inspire and empower schools to adopt sustainable practices, empowering the next generation to take care of the planet. The program was launched in 2011 and has since become a benchmark for excellence in sustainability education.

The winning schools, hailing from 13 states across India, include government and private schools, as well as schools run by reputed educational institutions. These schools have demonstrated exceptional commitment to sustainability, implementing innovative solutions to reduce carbon footprint, conserve energy, and promote eco-friendly practices.

The winning schools have implemented various initiatives such as rainwater harvesting, solar power generation, organic farming, and waste segregation and recycling. Some schools have even introduced unique initiatives, such as creating nature trails, recycling things like paper, plastic, and glass, and conducting eco-friendly events.

Wipro’s strict evaluation criteria for selecting the winners include the school’s readiness to adopt sustainable practices, their ability to innovate and adapt to new ideas, and their commitment to engaging the community in their sustainability initiatives. A high-powered jury evaluated the applications of all participating schools, comprising experts from the education, sustainability, and corporate sectors.

The winners of the WSEE award will receive a number of benefits, including access to a platform that facilitates sharing of best practices and knowledge, connections with global sustainability thought leaders, and opportunities to participate in sustainability workshops and conferences. They will also receive a certificate of recognition, a trophy, and a special grant to further support their sustainability initiatives.

Wipro’s WSEE program has made a significant impact on the education sector, encouraging schools to prioritize sustainability and inculcate environmentally responsible practices in students. By recognizing and rewarding excellence in sustainability education, Wipro aims to shape the future of India’s education and contribute to a more sustainable future for generations to come.

The Wipro earthian Awards 2024, a program aimed at promoting sustainable action and thinking in schools and colleges, was held at Azim Premji University in Bengaluru. The program received over 1,500 project submissions from schools and 700 from colleges, with 23 winning and 43 shortlisted entries selected by an independent jury. The winning teams demonstrated a deep understanding of biodiversity, waste, and water through a combination of activity-based learning programs and written essays. Over 100 schools were recognized for their exceptional effort by Wipro’s NGO partners.

The Wipro Sustainability Educators Network (SEN) engaged with local communities and students in various activities, including winter and summer schools, nature camps, library sessions, and the Goa Bird Atlas. The SEN also facilitated grassroots-level engagement with student communities, fostering local and contextual learning and insights on sustainability-related issues.

The awards ceremony was attended by Anurag Behar, CEO of Azim Premji Foundation, and Narayan P.S., Global Head of Sustainability and Social Initiatives at Wipro, who felicitated the winning teams with certificates and cash prizes. The event also provided an opportunity for the teams to engage with Wipro’s sustainability partners through collaborative programs.

The Wipro earthian program has made significant progress since its inception in 2011, engaging with over 50,000 schools, 4,000 colleges, 2,00,000 students, and 40,000 teachers. The program’s collaborative efforts with educators, NGOs, and state governments have expanded its reach, with a record number of participants this year. The program aims to ignite interest and foster learning in young minds on the importance of sustainability and the interconnectedness of individual and community with nature.

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Wipro, a leading technology company, has appointed Madhu Menon as its Global Head and Vice President of Talent Acquisition. In her new role, Menon will be responsible for developing strategies to attract top talent, building agile and future-ready hiring frameworks, and infusing artificial intelligence (AI) into the talent acquisition process. Menon brings extensive expertise in strategic hiring, workforce planning, and AI-driven recruitment solutions.

Prior to joining Wipro, Menon held various leadership roles at Deloitte India, KPMG India, and UNISAFE Fire Protection Specialist LLC, where she led talent acquisition, employer branding, and inclusion initiatives. She also gained experience in strategic HR functions, including mobility, performance management, and manpower planning, during her tenure at Ernst & Young (EY).

Menon holds a Master’s degree in Human Resources Management from Symbiosis Institute of Business Management, Pune. At Wipro, she will lead global talent acquisition initiatives, focusing on building an agile hiring ecosystem, improving recruitment efficiency, and ensuring alignment between talent strategies and the company’s long-term business goals.

Menon’s appointment is expected to enhance Wipro’s recruitment capabilities and strengthen its position as a leading employer in the technology sector. With her extensive expertise and experience, she will play a key role in developing strategies to attract top talent and build a future-ready hiring framework for the company.

Wipro, a leading Indian technology company founded by billionaire Azim Premji, has won a multi-million-dollar contract with Etihad Airways, the national airline of the United Arab Emirates (UAE). The five-year deal aims to transform Etihad’s technological framework, modernizing legacy systems and optimizing costs. Wipro will lead the overhaul of Etihad’s IT infrastructure, using its proprietary FullStride Cloud platform to provide real-time insights and enhance operational efficiency.

The project will also feature Generative Artificial Intelligence (GenAI) modules, which will automate data centers, offer conversational AI support, and provide intelligent device management. The GenAI tools will proactively identify and resolve potential disruptions, ensuring seamless operations and optimized performance. This collaboration will also grant Etihad access to Wipro’s Innovation Lab in the UAE, a hub for advanced technology solutions.

This strategic win for Wipro solidifies its reputation as a global leader in IT services, with a market capitalization of Rs 3.24 lakh crore. The company has been operating in the Middle East for over two decades and has more than 1,000 employees in the region. The deal demonstrates Wipro’s expertise in cloud computing, AI, and IT services, and its commitment to delivering tailored solutions to the region’s unique needs. With this contract, Wipro is poised to help Etihad enhance its technological capabilities and meet the demands of a rapidly evolving aviation industry.

Wipro Limited, a leading Indian multinational information technology services and consulting company, held its earnings call on January 10, 2023. During the call, the company’s management highlighted its achievements and addressed the challenges it faces.

Achievements:

* Revenue growth: Wipro reported a year-over-year revenue growth of 15.5%, driven by a strong demand for its digital transformation services, cloud migration, and artificial intelligence.
* Growth in IT Services: The IT Services segment contributed significantly to the revenue growth, with a growth rate of 17.2% year-over-year.
* Cloud migration: Wipro successfully completed several large-scale cloud migration projects, driving significant growth in this area.
* Talent acquisition: The company added over 18,000 employees in 2022, enhancing its bench strength and improving its ability to execute large deals.

Challenges:

* Cost inflation: Wipro faces cost inflation pressure, driven by higher labor costs, fuel prices, and supply chain disruptions. The company has taken steps to mitigate these costs, including negotiating pricing agreements with vendors and optimizing its logistics.
* Supply chain challenges: Wipro faces supply chain challenges, particularly in the IT hardware segment, due to component shortages and longer lead times.
* Global macroeconomic uncertainty: The company faces uncertainty in the global macroeconomic environment, driven by factors such as rising interest rates, recessionary fears, and currency fluctuations.

Outlook:

* Revenue guidance: Wipro maintained its revenue guidance of $15.2 billion for fiscal 2023, citing the company’s strong demand trends and its ability to execute on its growth strategies.
* Profitability: The company expects to deliver operating margins in the range of 15.5% to 16.5% for fiscal 2023, driven by cost savings initiatives and process improvements.

Key Quotes:

* “Our strategy is paying off, and we are witnessing strong demand across all our markets.” – Thomas E Fernandez, Wipro’s CFO
* “We are taking a careful and disciplined approach to pricing and negotiations with vendors to mitigate the impact of inflation.” – Thirthahalli K S (Thiri), Wipro’s COO
* “While there are global headwinds, we believe our diversified client base, robust cost management, and focus on high-value services will help us navigate these challenges.” – Aravind Krishna, Wipro’s CEO

Overall, Wipro’s earnings call highlighted the company’s ability to deliver strong revenue growth, despite facing challenges in cost inflation, supply chain disruptions, and global macroeconomic uncertainty. The company’s strategy to focus on high-value services, digital transformation, and cloud migration has been successful, and it expects to deliver strong operating margins in the next fiscal year.

Wipro, an IT services company, is expected to have a subdued third quarter (October-December 2024) with constant currency revenue expected to decline. Analysts estimate a 0.6% year-on-year (YoY) revenue growth, with a range of 0.2% decline to 0.6% growth. In constant currency terms, revenue is expected to decline 1% quarter-on-quarter (QoQ) due to softness in key verticals such as communications and manufacturing, as well as the impact of furloughs and fewer working days.

Net profit is expected to rise 12% YoY, according to an average estimate of seven brokers. EBIT (Earnings Before Interest and Tax) margins are likely to fall due to the impact of wage hikes for two months in the quarter.

Analysts will be focusing on several key aspects, including discretionary spending across verticals, particularly in financial services, the outcome of annual budgeting exercises by clients, senior management attrition, margin levers, and wage hike announcements, as well as the composition of revenues.

Brokerages, including Motilal Oswal, Nomura, Nuvama, and JM Financial, have provided their views on Wipro’s third quarter performance. They expect revenue to decline 1% to 1.6% QoQ in constant currency terms, with EBIT margins falling by 20 to 50 basis points (bps) due to wage hike impact.

Key areas to watch out for include commentary on the consulting business, particularly in the BFSI (Banking, Financial Services, and Insurance) vertical, demand revival in developed markets, large deal pipelines, and outlook on client discretionary spend.

Christopher Smith, the former country head and managing director of Wipro’s Australia and New Zealand operations, has left the company to take up the role of Asia Pacific managing director at Civica, a global GovTech specialist. Smith brings over three decades of professional experience to Civica, having previously worked at Telstra’s consulting division, Telstra Purple, and holding various senior roles at the Australian telco.

Civica is a public sector software provider and professional services firm that was acquired by investment management giant Blackstone last year for $2.5 billion. The company is looking to expand its presence in the Asia Pacific region, and Smith will be responsible for driving business operations, growth, and strategy across the region from Sydney.

Smith’s new role will see him working with Civica’s talented team to drive expansion and success across the APAC region, which is the company’s second-largest market. Civica supports governments and organizations in the health, social care, and education sectors with solutions covering various aspects of running an effective organization.

The company claims to have over 6,000 clients and 100 million-plus users globally. Smith’s predecessor at Wipro, Sarah Adam-Gedge, had a short tenure of less than two years and has since been appointed as chair of Kinetic IT and a director of Cricket Australia, which is aligned with fellow Indian giant HCLTech. Wipro has yet to announce Smith’s replacement.

Lee Perkins, CEO of Civica, welcomed Smith to the company, citing his proven ability to grow businesses and forge impactful relationships in the APAC market, as well as his deep customer focus and go-to-market expertise. Smith expressed his excitement to join Civica at a pivotal time in its journey and looks forward to working with the team to drive expansion and success across the APAC region.

A recent Wipro report found that cloud infrastructure is crucial for AI innovation, as it provides access to advanced capabilities required for AI models. The report surveyed 500 senior executives and decision-makers across North America and Europe, finding that 65% are implementing AI capabilities through a combination of public cloud and on-premises infrastructure. However, using the cloud might not be possible for real-time use cases like autonomous driving, where edge computing is required.

The report highlights the importance of building a high-performance infrastructure centered on cloud services, as AI requires significant data management and processing power. While a hybrid environment provides flexibility, it can also cause complexity, with 70% of leaders surveyed saying that orchestrating AI technology across a mix of infrastructure is a challenge.

The report also notes that infrastructure costs are a significant concern for many enterprises, with 28% of leaders not confident that they can measure the ROI of their AI implementation. Wipro suggests that organizations should think strategically and measure returns beyond a three-year timeframe. Overall, the report emphasizes the need for enterprises to rethink their infrastructure to be AI-ready.

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.

Wipro, a leading Indian IT services company, rose 1.1% on Thursday, but still underperformed the broader market. The company’s stock price was influenced by a range of factors, including its second-quarter earnings report and investor concerns about its ability to grow profits going forward. On a positive note, Wipro’s revenue grew 1.8% year-over-year, driven by a strong performance from its IT services segment. However, the company’s net profit declined 11.4% from the same period a year ago, due to higher expenses and a weaker than expected profit margin. Despite this, Wipro’s CEO, Thierry Delataille, expressed optimism about the company’s prospects, highlighting its growth in debt-free money, a metric that measures a company’s ability to generate cash from its operations. Despite Wipro’s mixed report, the company still underperformed the broader Indian market, as the S&P BSE Sensex rose 1.4% to a record high on Thursday.

The article discusses the future of technology and its impact on businesses in 2025. It highlights nine key trends that will shape the industry, including the emergence of agentic enterprises, the rise of autonomous machines, and the maturing of industry cloud. AI-powered industry cloud solutions will feature pre-built industry AI models and tools, while extended reality (XR) will increase in usage, offering new opportunities for customer experiences and employee empowerment.

The article also mentions the democratization of data, which will enable citizen users to access intelligent insights from ready-to-use data visualizations. Data marketplaces will grow across industries, unlocking new revenue streams. Blockchain will continue to transform industries, providing traceability, security, and transparency. Enterprises will also prepare for the Quantum Era with Quantum Computing as a Service (QCaaS) and prioritize post-quantum cryptography.

Finally, the article highlights the importance of cyber resilience, with AI-powered cybersecurity solutions combating advanced cyber threats. The focus will also be on sustainable tech, with efforts to optimize resource usage, reduce waste, and improve energy efficiency. Overall, the article suggests that 2025 will be a transformative year for technology and businesses, with AI and other advanced technologies playing a key role in shaping the future.

Wipro, a multinational IT consulting and business process services company, has been upgraded to a “buy” rating by StockNews.com. The upgrade is based on the company’s strong financial performance, growing demand for its services, and a competitive advantage in the market. Wipro’s stock has been underperforming its peers in recent months, but the upgrade suggests that this weakness is unlikely to persist. The company’s strong cash flow and cash reserves provide a high degree of financial flexibility, and its diversification across geographies and industries makes it less dependent on any one market or sector. Additionally, Wipro’s focus on digital transformation and cloud-based services is well-positioned for long-term growth. With a forward P/E ratio of 13.5, Wipro’s stock price may be due for a rebound. The upgrade from Sell-side analysts to Buy could spark a rally in the stock price, making it a good opportunity for investors to buy in at a relatively low valuation.

Wipro, an Indian IT major, has announced that the acquisition of Applied Value Technologies Pte Ltd is now expected to be completed by January 31, 2025. The company had signed a definitive agreement to acquire 100% shareholding in Applied Value Technologies, Inc., Applied Value Technologies B.V., and Applied Value Technologies Pte Ltd. Initially, the transaction was expected to be completed by December 31, 2024, but due to a delay, Wipro has revised the timeline. The acquisition of Applied Value Technologies Pte Ltd was the last remaining transaction to be completed, and now it is expected to be finished by January 31, 2025. This acquisition is part of Wipro’s strategy to expand its presence in the global market.

Akshayakalpa Organic was founded by a passionate individual who left behind a successful IT career to contribute to India’s agricultural sector and address the challenges faced by Indian farmers. The founder, inspired by the desire to make a positive impact, forsook a lucrative IT career to pursue his passion for sustainable agriculture. With a focus on organic farming, Akshayakalpa Organic aims to alleviate the systemic challenges faced by farmers, including environmental degradation, low yields, and unpredictable weather patterns. The organization’s mission is to promote a sustainable and self-sufficient approach to agriculture, empowering farmers to adopt organic methods and produce high-quality, chemical-free products. By creating a direct link between farmers and consumers, Akshayakalpa Organic seeks to ensure fair prices for farmers and quality products for consumers, while promoting sustainable agriculture practices that benefit both parties. With a clear vision to transform the agricultural landscape, Akshayakalpa Organic is making a meaningful difference in the lives of Indian farmers and their communities.

Shashi Kumar, a Bengaluru-based entrepreneur, left his successful IT career to co-found Akshayakalpa Organic, India’s first certified organic dairy enterprise. Growing up on a farm, Kumar saw the struggles of small farmers and wanted to make a meaningful impact. With 17 years of experience in tech, he combined his skills with his agricultural background to create a sustainable business model. Akshayakalpa Organic focuses on empowering farmers to become entrepreneurs, providing technical support, financial linkages, and market access to adopt organic farming practices. The company’s approach is holistic, using eco-friendly methods such as rainwater harvesting, tree integration, and closed-loop waste management. With Rainmatter Foundation’s support, Akshayakalpa aims to generate a turnover of INR 400 crore this fiscal year. The venture has transformed farmers’ lives, increasing their income to INR 100,000 per month through the production of organic products. The company’s impact extends to local employment opportunities and sustainable farming practices, aiming to expand its reach to new markets and become a pan-India brand.

Wipro’s Tech Trends for 2025 report highlights key technology trends that will transform industries and shape the future of enterprises. The report predicts that AI Agents will autonomously make decisions and collaborate to achieve business goals, generating new revenue streams and innovating business processes. Autonomous machines, powered by AI and ML, will make informed decisions and receive over-the-air updates. Industry Cloud AI models and tools will mature, integrating industry-relevant data sources and data privacy and security. Smart World Interactions will increase, with multimodal AI integrating into real-world human interactions. The report also highlights the democratization of data, with augmented analytics enabling citizen users to access intelligent insights. Blockchain will accelerate, with decentralized internet and financial transactions. Quantum Computing will become a priority, with enterprises preparing for post-quantum cryptography. Cyber Resilience will redefine, with AI-powered cybersecurity solutions protecting against AI-based risks. Sustainability will focus on optimizing resource usage and reducing waste, with AI augmenting existing solutions. The report concludes that 2025 will be a year of high-velocity technology disruptions, offering new opportunities and presenting unprecedented challenges.

Wipro’s Chief Information Officer, Anup Purohit, shares his insights on building customer confidence, AI use cases, and the importance of common sense in implementing GenAI. He emphasizes the need to prioritize customer needs and build a business solution roadmap. Purohit’s “Client Zero” approach involves identifying 112 customers across seven service lines and bucketing their requirements into six areas. This creates a structured framework for the IT team to work on.

Purohit also discusses AI, stating that it requires two main ingredients: compute power and data. He uses a data lake to create a single source of truth and enrich it for machine learning models. He advises CIOs to frame their AI journey thoughtfully and categorize use cases into three pillars: growth, productivity, and experience.

To execute AI use cases, Wipro deploys three models: the “Zomato/DoorDash Model” which involves deploying ready-made solutions, the “Grocery Model” which uses large language models, and the “Backyard Model” which involves developing end-to-end solutions internally. Purohit concludes that common sense is crucial in transitioning from proof of concept to full-scale implementation, and that simplicity is key to leveraging AI effectively. He believes that “less technology deployed in business, better is the business.”

Sundararaman Ganapathiraman, Co-CEO of Wipro PARI, has released a book called “EmBossed Imprints” that explores leadership, innovation, decision-making, and organizational growth. The book is based on his 35 years of experience in industrial automation, manufacturing, and global business. It offers a mix of personal stories and insights into leadership challenges and solutions. The book has been well-received by industry professionals and executives, and has ranked 14th in Amazon’s “Hot New Releases” in the Business & Economics category.

The book emphasizes the importance of values such as integrity, innovation, and collaboration in building high-performing teams and achieving sustainable growth. It also includes 26 worksheets designed to help readers assess their leadership traits and areas for growth. The book frames leadership as a process of self-discovery and personal growth, where experiences shape one’s ability to inspire and guide others. “EmBossed Imprints” is a valuable resource for leaders navigating complex organizational landscapes and for aspiring professionals looking to develop their leadership potential.

Wipro, India’s fourth-largest IT services provider, is planning to hire around 7,000-7,500 new employees by the end of December. This move comes as the company aims to strengthen its internal workforce ahead of market recovery and growth in 2025. The company is adopting a new recruitment strategy, training and then hiring employees, rather than the previous approach of “hire and then train”. Wipro has partnered with top educational institutions to establish academies, enabling graduates to understand industry requirements and proposing curriculum adjustments. The company is focusing on recruiting individuals committed to long-term engagement, with a balanced mix of internal promotions and external recruitment. Under CEO Srinivas Pallia’s leadership, Wipro is aiming to establish stability and continuity, after multiple senior-level departures during the previous chief executive’s tenure. Pallia is elevating experienced staff members to senior leadership positions, and the company is prioritizing ensuring adequate supply-side capacity to meet anticipated demand as market conditions improve.

The All India Institute of Medical Sciences (AIIMS) in New Delhi has signed a Memorandum of Understanding (MoU) with Wipro GE Healthcare to establish an AI Health Innovations Hub at the Centre. The hub will focus on developing products and solutions that enhance healthcare delivery and outcomes through precise diagnosis, innovative treatment protocols, and real-time patient data tracking. Wipro GE Healthcare will invest $1 million over five years to co-develop, test, and deploy intelligent systems and workflow solutions in cardiology, oncology, and neurology. AIIMS will provide clinical inputs and serve as a real-world clinical environment for evaluating and deploying GE Healthcare’s AI-enabled solutions. A joint committee will oversee the collaboration, which will include clinical research and academic engagement. The partnership aims to accelerate the development and validation of advanced medical technology and offer more effective care for patients. The director of AIIMS, M. Srinivas, views the partnership as strategically valuable and aligned with the national vision of Viksit Bharat through advanced healthcare.

Wipro, a leading IT services provider, is upgrading its career portal for job seekers in Hyderabad and other cities. The temporary unavailability of the portal will occur from December 13 to 16, 2024, as the company enhances its features to improve user experience. The upgrade aims to make the job search and application process more efficient. Once complete, job seekers will have an easier time exploring and applying for Wipro positions. The company’s Hyderabad office is known for its dynamic work culture, employee development, and commitment to excellence, offering numerous growth opportunities for IT professionals. After the upgrade, the career portal will launch new opportunities in Hyderabad and other locations, providing a seamless experience for job seekers. The upgrade also includes notifications via registered email IDs for job seekers once complete.

Wipro Infrastructure Engineering (WIN) has launched Wipro Research, a strategic initiative aimed at advancing engineering innovation through research partnerships. The initiative is backed by a partnership with Birla Institute of Technology & Science (BITS) Pilani, which will provide PhD sponsorships and collaborative research efforts. The research center, headquartered in Bengaluru, will bridge the gap between academic excellence and industrial expertise, driving innovation and reinforcing Wipro’s commitment to shaping the future. The center will adopt a collaborative model that integrates in-house research teams, academic partnerships, and startup incubation. Pratik Kumar, CEO of Wipro Infrastructure Engineering, stated that Wipro Research will accelerate innovation, enhance operational efficiency, and create sustainable engineering solutions. The center will focus on building cutting-edge technologies with a two to five-year horizon, with an initial focus on hydraulics and automation. Professor V Ramgopal Rao, Vice Chancellor of BITS Pilani, expressed his excitement to collaborate with Wipro Research, which will set a new benchmark for academia-industry collaborations in India.

Sundararaman Ganapathiraman’s book “EmBbossed Imprints” has garnered widespread acclaim for its actionable strategies on leadership, decision-making, and organizational growth. Co-CEO of Wipro Pari, Ganapathiraman draws from his 30+ years of experience to offer practical wisdom on leadership, fostering innovation, and building high-performing teams. The book is ranked #14 in Amazon’s “Hot New Releases” under Business & Economic Categories. The author shares personal anecdotes and practical insights to empower readers to identify and develop their leadership potential through 26 dedicated worksheets that explore 26 leadership traits. “EmBossed Imprints” is designed for self-discovery and personal growth, making it a must-read for individuals seeking to enhance their leadership skills. The book invites readers to reflect on their own experiences, learn from inspiring stories, and develop their unique leadership potential.

Despite market volatility, three Indian companies, Wipro, Adani, and Tata Motors, have shown steady growth in their recent financial performances. Wipro, a technology company, reported a 12.6% increase in its net profit to Rs 2,844 crore (approximately $391 million) in the fourth quarter of 2022-23. Adani, a conglomerate with interests in ports, airports, and renewable energy, saw its net profit jump 47.3% to Rs 2,439 crore (approximately $335 million) in the same period.

Tata Motors, an automaker, reported a 29.2% increase in its net profit to Rs 1,449 crore (approximately $202 million) in the fourth quarter of 2022-23. The company’s growth was driven by a strong performance in its commercial vehicles and passenger vehicles segments. These companies’ performances demonstrate their resilience in the face of market uncertainty, which has been driven by factors such as global economic downturn, rising interest rates, and the ongoing pandemic. Their ability to adapt and innovate has enabled them to maintain their growth momentum and emerge as leaders in their respective industries.

Wipro, a global IT services company, has collaborated with SIAM.AI, a Thailand-based AI solutions provider, to develop an AI-powered assistant for the Tourism Authority of Thailand (TAT). The AI assistant, built using NVIDIA’s AI technology, aims to enhance the tourist experience and improve the efficiency of the tourism industry in Thailand. The assistant will provide personalized recommendations to tourists, answer queries, and offer assistance in multiple languages. The project is part of Thailand’s “Sovereign AI” initiative, which aims to develop and deploy AI solutions that are designed and owned by the country. The initiative is supported by the Thai government and aims to drive economic growth and development in the country. The AI assistant is expected to be launched soon and will be available to tourists visiting Thailand.

Subha Tatavarti, a highly experienced technology professional, has resigned as the Chief Technology Officer (CTO) of Wipro, a Rs 311,000 crore company. Prior to Wipro, she worked for Azim Premji’s company for over 3 years. Tatavarti has over two decades of experience in technology, with expertise in product development, delivery, lifecycle management, cloud computing services, data technology, and analytics. She holds a Master’s in Computer Science from George Mason University and a BS from Delhi University. Her professional experience includes stints at Walmart, PayPal, Climetrics, Abbott Laboratories, Fannie Mae, Bearing Point, and AOL. At PayPal, she was the Head of Product, Data Platform, and Infrastructure. After leaving Wipro, Tatavarti is currently working as an Advisor for Stripes and Sierra Ventures. In her free time, she enjoys hiking, trail running, and reading books on philosophy.

Wipro, a global IT service provider, has partnered with SIAM.AI, a member of the Nvidia Cloud Partner program, to develop an AI-powered digital assistant for the Tourism Authority of Thailand. The digital assistant, named Sukjai, will use Nvidia’s AI Enterprise software platform, SIAM.AI’s capabilities, and Wipro’s Enterprise Generative AI (WeGA) Studio to provide personalized, real-time information to tourists. Sukjai will offer information on transportation, lodging, and tourist destinations, as well as recommendations, crowd flow updates, and safety alerts. The initiative aims to enhance the travel experience for domestic and international tourists while supporting the Tourism Authority of Thailand in managing the increasing number of visitors. The partnership aligns with Thailand’s sovereign AI objectives, utilizing local infrastructure, data, and networks to support the country’s tourism industry.

Wipro, Siamai, and NVIDIA have partnered to develop an AI-powered tourism assistant for Thailand. The project aims to enhance the country’s tourism industry by providing travelers with personalized recommendations and insights. The AI assistant will leverage NVIDIA’s AI technology to analyze traveler data, review ratings, and other relevant information to provide tailored suggestions for activities, restaurants, and attractions.

The platform will be integrated with Wipro’s digital transformation expertise and Siamai’s local knowledge to ensure its effectiveness. The AI assistant will be available on a mobile app and will enable tourists to plan their itineraries, book restaurants and activities, and get real-time updates on local events and attractions.

This partnership is expected to revolutionize the tourism industry in Thailand, providing a seamless and personalized experience for visitors. The project is still in its development stage, but it has the potential to become a game-changer for the country’s tourism sector.

Wipro, a leading IT consulting firm, has announced a bonus issue for its shareholders, which will lead to an increase in the company’s share capital. The bonus issue is expected to be credited in the dematerialized form, which means that the bonus shares will be credited to the Depository Participant’s (DP) account, and not the physical form. The bonus issue date is anticipated to be around January 21, 2023, and the record date is December 27, 2022. This means that shareholders who are on the company’s records as of the record date will be eligible to receive the bonus shares. The bonus issue will result in an increase in the company’s authorized share capital and a reduction in the net worth of the company. It is likely to impact the company’s debt-equity ratio and may also lead to an increase in the company’s earnings per share (EPS) and book value per share (BVPS). As a result, the bonus issue is expected to have a positive impact on the company’s future financial performance and its stock price.

Wipro Limited, a global IT consulting and business process services company, has partnered with SIAM.AI, an NVIDIA Cloud Partner, to revolutionize the tourism experience in Thailand. The collaboration aims to develop an AI-powered digital assistant for the Tourism Authority of Thailand, utilizing NVIDIA’s accelerated computing and software. This initiative will leverage infrastructure, data, and networks within Thailand, aligning with the country’s sovereign AI objectives. The technology will be designed to provide personalized travel experiences, improve visitor services, and enhance overall tourism development in the country. This partnership is seen as a significant step in Thailand’s efforts to harness the power of AI to boost its tourism industry.

Wipro, a global IT services company, has partnered with SIAM.AI to build an AI-powered tourism assistant, Sukjai, for the Tourism Authority of Thailand. The AI assistant is designed to provide personalized travel experiences, improve customer engagement, and enhance the overall tourism experience in Thailand. The collaboration aims to leverage the expertise of SIAM.AI’s AI capabilities with Wipro’s industry know-how to create a comprehensive solution for the tourism industry. With Sukjai, tourists can expect a more immersive and personalized experience, with features such as language translation, destination recommendations, and real-time information about attractions and activities. The partnership also aims to promote Thai tourism and increase the country’s economic growth. The AI assistant is expected to be launched soon, and it is expected to benefit both tourists and the local hospitality industry.

StockNews.com has upgraded Wipro (WIT) to a “Buy” rating, citing the company’s strong financial performance, robust cash flow, and positive trends in its IT services business. The upgrade is based on Wipro’s recent earnings report, which showed a 14.8% year-over-year increase in quarterly revenue and a 23.1% increase in net income. The company’s IT services segment delivered particularly strong growth, with a 16% year-over-year increase in revenue.

The upgrade also considers Wipro’s solid balance sheet, with a significant cash reserve and manageable debt. The company has been using its cash to repurchase shares, which has helped to boost earnings per share and return value to shareholders. Additionally, Wipro has been expanding its consulting and business process services offerings, which are expected to drive growth and diversify its revenue streams.

Overall, StockNews.com believes that Wipro’s strong financial performance, robust cash position, and positive growth trends make it a compelling investment opportunity, warranting a “Buy” rating.