Under the new model, Wipro has created four GBLs organized around cloud, enterprise technology and business transformation, engineering, and consulting, according to the exchange filing. The changes will go into effect April 1, 2023.
Enterprise futuring, fullstride cloud, engineering edge and consulting are the four lines.
“Our transformation journey over the past three years has yielded outstanding growth for our business. So much that we have outgrown the two-business line model that we had set at the beginning of our journey,” said Thierry Delaporte, managing director and CEO of Wipro Limited.
Wipro recorded 45 percent revenue growth over the past 10 quarters and has recently crossed the annual run rate of $11 billion in revenues.
FullStride cloud will bring together Wipro’s entire suite of cloud capabilities under a fully integrated, full stack offering.
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Jo Debecker, who currently leads Wipro’s Cloud Infrastructure Services, will lead this business, and assume the title of global head of Wipro Fullstride Cloud. Wipro’s cloud business—now makes up more than one-third of the company’s revenues.
Enterprise futuring will offer clients solutions for large scale enterprise transformation. This business line will comprise intelligent insights and data, application platforms, digital operations, and cybersecurity.
Nagendra Bandaru, currently the head of Wipro’s iCORE business, will become the global head of Wipro Enterprise Futuring.
Engineering edge, which was launched in 2022 to advance Wipro’s position as a global engineering services leader, will become a standalone business line. Harmeet Chauhan, who currently leads Wipro Engineering, will become the global head of Wipro Engineering Edge.
Wipro Consulting will align Capco, Designit, and Wipro’s Domain and Consulting business under a single banner, driving enhanced best practice and experience sharing between these independent units. Lance Levy, CEO of Capco, and Philippe Dintrans, Global Head of Wipro Domain & Consulting, will continue to lead their businesses in their respective industries.
Bringing Designit under this GBL, led by Nicolas Parmaksizian, CEO of Designit, will lead to new opportunities to embed experience innovation capabilities into a broader universe of consulting engagements.
“We are now doubling down on our strategic bets to take our growth to its next phase,” added Delaporte. “This evolution of our business lines will allow us to sharpen our focus on clients and simplify how we orchestrate internally and across our ecosystem. Our new model will accelerate speed-to-market, streamline decision making, and allow us to channel investments more effectively and efficiently.”