Rishad Premji, the elder son of billionaire Azim Premji, has kept a low profile all this while, but the intrigue that marked his step-by-step progression at India’s third largest software exporter has pretty much dominated its narrative in recent years. A vacant position on the company’s board of directors caused by the retirement of CFO Suresh Senapaty in March only fuelled the speculation. Until Tuesday, when Wipro formally announced his appointment to the board. Rishad, 38, who assumes his new office on May 1, will continue to run strategy, M&As in addition to his new responsibilities which include overseeing the technology office, investor and government relations, and Wipro Ventures.
“He brings a blend of exceptional strategic insights, understanding of the technology landscape and diverse business expertise. These eight years have given Rishad an in-depth view of the organization and makes him well positioned to guide Wipro and carry the mantle of ownership in the years ahead,” said Ashok S Ganguly, independent director and chairman, board governance and nomination committee, Wipro.
An MBA from Harvard Business School and a graduate in Economics from Wesleyan University, Rishad Premji joined Wipro in 2007 as a 29-year-old. He cut his teeth in Wipro’s IT services business’ largest vertical – BFSI and spearheaded its entry into the mortgage segment which led to the acquisition of Gallagher Financial Systems, a relatively small transaction. But it has been a steady climb ever since for Rishad. “It is an absolute privilege and honor to be invited to the board of Wipro, a company built over the past 70 years on the bedrock of uncompromising integrity,” he said.