Bangalore, India - February 7, 2011:
Wipro Technologies, the Global IT business of Wipro Limited (NYSE:WIT) today announced that it has realigned its organizational structure, in line with the changed business environment, to a simplified industry domain led business where Client Delivery, Sales and Profitability are aligned more closely with Strategic Business Units (SBUs). The changes aim to drive higher agility and customer centricity apart from reducing organization complexities, thereby driving better accountability.
The Strategic Business Units (SBUs) have also been structured in a way that aligned industries in the value chain are consolidated under same SBU. The six SBUs would be led by
- Energy & Utilities would continue to be managed by Anand Padmanabhan. Metals & Minerals will be a new vertical in this vertical.
- Finance Solutions that comprises Banking, Securities and Insurance Verticals will continue to be under the leadership of Soumitro Ghosh.
- Media and Telecom would continue to be led by Mark Fleming.
- Pharmaceutical, Healthcare and Life Sciences and Services, which are related industry verticals are getting organized as a SBU for better synergies under the leadership of Sangita Singh.
- Manufacturing and Hi-Tech is a new consolidated SBU getting formed, to leverage the enormous synergies between the two industries. This SBU would be led by N S Bala.
- Retail, Consumer Goods, Transportation and Government would continue under the leadership of Bhanumurthy (Bhanu).
G K Prasanna who was leading the Technology SBU for Wipro will be taking over as the head of Wipro's Eco-energy business division. Anand Sankaran will continue to lead the Wipro Infotech business division. Rajiv Shah, who has successfully built Healthcare and Services business to a critical mass for us to grow and now expand to the next level, has decided to pursue a career outside Wipro.
Driving customer centricity through simplicity and speed
The structural changes have been made with an aim to enable decision making and accountability of deliverables closer to clients. These structural changes have been driven with a goal to improve client centricity and responsiveness.
Horizontal realignment: integrating existing businesses and building services and competence for the future
In order to further strengthen Wipro's application services solutions, the existing service lines providing application development and testing services will be consolidated into a single service line. The new service line 'Business Application Services' would include Packaged Implementation, Testing and Business Technology Services, and would be headed by Srinivas Pallia.
Analytics is one of the fastest growing services and consistently a top investment area for clients. To seize this opportunity, Wipro will be consolidating its analytics businesses into a new service line focused on Analytics, Business Intelligence, Information Management, Performance Management, Data / Text Mining. This new service line would be headed by K. R. Sanjiv.
Gangadharaiah CP who currently heads the Testing Services will continue as an Advisor for our Testing Practice.
All other service lines of BPO, TIS, WCS and PES continue to be led by the current leaders and would have a sharper focus on building capability and staying ahead of the curve.
- Business Process Outsourcing would continue to be under the leadership of Ashutosh Vaidya.
- Product Engineering Services would continue to be led by Ayan Mukerji.
- Technology Infrastructure Services would continue to be led by Deepak Jain.
- Wipro Consulting Services would continue under the leadership of Kirk Strawser
Driving passion led employee performance and client centricity
Wipro prides itself for an unparalleled record of producing IT leaders. In order to further foster its entrepreneurial culture, Wipro will also align all activities relating to solution delivery, talent management, competency build and talent acquisition under a single organization. This will enable better execution for our customers through better alignment, demand-supply interaction and accountability .This shift will also enable employees by making them more aligned to the customer and build personal responsibility, performance and rewards.
Commenting on these changes, T K Kurien, CEO, IT Business & Executive Director, Wipro Limited said, "With the change in environment, there is a need for a bolder, simpler and more agile organizational structure. The model that we have created now is centered on the customer and designed for swift, impeccable execution and single point accountability. Bottom-line, customers can expect a nimbler and more proactive Wipro to deliver value-driven business outcomes to them."
He added that by focusing on building a customer centric structure, better aligned and trained workforce, and by adding depth to the service portfolio and industry solutions, we will take Wipro to its vision of global leadership.
The changes will be effective April 1, 2011.
About Wipro Technologies
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a strong presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com
Media Contacts:
Wipro
Harshita Nair
Wipro Technologies
+91 8971132000
arshita.nair@wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
