Focus on Differentiated Value to Clients with Seamless, Predictable Execution
Bangalore, India - December 6, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) announced its plans to create a focused global unit called the "Business Operations Unit", which will enable Wipro to deliver differentiated value for clients with seamless, predictable execution. The company will consolidate its Business Application Services, Global Delivery, Quality and IS teams under the newly formed Business Operations Unit.
Bhanumurthy BM who is currently the Senior Vice President and Head of Wipro Technologies' Retail, Consumer Goods, Transportation & Government (RCTG) Strategic Business Unit will take over as the Chief Business Operations Officer. In close to twenty years at Wipro, he has worked across business, service line, delivery and operations. A strategic thinker and leader, he is well positioned to lead the next wave of operational excellence and seamless delivery across Wipro's global operations.
Srini Pallia will take over as the Strategic Business Unit head for Wipro Technologies’ Retail, Consumer Goods, Transportation & Government (RCTG) business unit. Srini currently leads the Business Application Services (BAS) Service line. With his expertise in leading Sales, Business and Technology practices, Srini will be able to help drive differentiated services for our clients. He has been closely associated with some of our largest clients in RCTG, many of whom he helped partner, during his decade long stint in the US.
Sambuddha Deb, Global Chief Delivery Officer, Wipro Limited will retire from the company by March 2012. Having worked for close to thirty years at Wipro, Deb has had a stellar performance record across the multiple roles that he managed. He has been instrumental in creating a best in class delivery organization and for bringing in Lean and Six Sigma methodology to our operations. Deb will continue his association with Wipro in an advisory capacity.
Bhanumurthy and Srini will continue to report to T. K. Kurien, CEO, IT Business & Executive Director, Wipro Limited. The above changes will be effective in the New Year from January 01, 2012.
T. K. Kurien, CEO, IT Business & Executive Director, Wipro Limited commenting on the strategy behind the consolidation said, “The technology business in which we play is at the leading edge of change. Our strategy of driving a significantly higher degree of customer engagement and hyper growth has started paying dividends. As part of the strategy we have committed to better aligning our internal organization to our clients’ needs and to make investments in driving predictability and automation in our delivery.”
He added, "We would like to congratulate Bhanu and Srini, and wish them the very best in their new roles. We also extend our thanks to Sambuddha Deb for his substantial contributions to Wipro, which include setting up the Global Delivery Function, launching Lean in Software, building a world recognized Knowledge Management System and cultivating a whole generation of leaders."
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 131,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
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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.