1. Wipro expands core team, adds 4 members

Wipro expands core team, adds 4 members

Executive council with 10 members to deliberate on long-term vision.

By: and | Bengaluru | Updated: April 4, 2015 12:53 AM

The country’s third largest IT services exporter, Wipro, on Friday announced the expansion of its group executive council, taking the strength to 10 members. It is a core group of Wipro leaders that deliberates and strategises on the long-term vision of the corporation.

The four new members of the executive council are: Abid Ali Neemuchwala, group president & chief operating officer; Anand Padmanabhan, chief executive & president, energy & utilities; GK Prasanna, chief executive & president, global infrastructure services; and Bhanumurthy BM, chief executive & president, business application services.

Apart from Wipro chairman Azim Premji, other members of council include TK Kurien, CEO, Pratik Kumar, CEO, Wipro Infrastructure Engineering, Vineet Agrawal, CEO, Wipro Consumer Care and Lighting, Anurag Behar, chief sustainability officer, Wipro, and Terri Bresenham, MD, Wipro GE Healthcare.

The members of the council represent both the listed IT business entity Wipro Limited and unlisted business Wipro Enterprises, which comprises consumer care and infrastructure engineering.

“The Executive Council carries the charter of providing thought leadership across the Wipro Group and is the driving force behind shaping its strategic priorities. These leaders bring with them a rich global experience and we are confident their induction will bring more plurality of ideas and add more heft to the deliberations of the council,” said Azim Premji, chairman of Wipro and non-executive chairman of Wipro Enterprises.

Wipro had recently announced an organisational change with the induction of Neemuchwala as group president and COO. Neemuchwala will oversee all services lines of Wipro and be responsible for managing the delivery function at the IT major. This change is expected to provide more bandwidth for CEO TK Kurien who besides taking charge of all business verticals will now be able to devote more time to the strategic direction and long-term plans for Wipro.

Wipro Infra Engg positive on aerospace segment

By PP Thimmaya

Wipro Infrastructure Engineering (WIN), the privately held business arm of Azim Premji manufacturing hydraulic cylinders and other other high-precision components, is looking to expand in the aerospace defence segment given that the regulations governing the sector have been liberalised to encourage private sector participation.

WIN entered into the aerospace manufacturing segment with its own facility on the outskirts of Bengaluru and has three global customers, one of which is CESA, a subsidiary of EADS. Talking to FE, Pratik Kumar, CEO, WIN, said: “Our experience in the last two years has given us the confidence to expand our capability and base further catering to both civil and defence manufacturing.”

The government recently announced the decision to hike FDI cap in defence manufacturing from 26% to 49%. This has evinced significant interest from the large private sector players in the country keen on entering this segment.

Kumar said it is engaged in aerospace manufacturing programmes that have the business visibility for next 12-15 years. For example, its alliance with EADS involves transfer of technology and manufacturing aerospace actuators and related precision engineering components.

The Indian aerospace and defence industry is import dependent with over 70% of equipment being procured through this route. The government wants to bring it down to 50% and this could entail a multi-billion dollar investment opportunities.

However, it is unlikely to be an easy path for companies to enter into this segment as there are stringent approval procedures with very minimal space for any deviations in terms of manufacturing quality.

WIN is a part of Wipro Enterprises which became private following a demerger in 2013. The mainstay business of the company is manufacturing of hydraulic cylinders used across multiple sectors and has plants spread across India, Europe, US and Brazil. The other business interests include aerospace manufacturing and industrial water technology.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Tags: Wipro
  1. No Comments.

Go to Top