Wipro Ltd, a leading technology services and consulting firm, launched four strategic global business lines (GBLs) today in order to better connect with customers' shifting business demands and capitalise on new opportunities in high-growth market categories.
Wipro will now supply capabilities to clients through four GBLs grouped around cloud, enterprise technology and business transformation, engineering, and consulting under the new paradigm. The new model reflects the company's continuous shift towards strategic bet areas, as well as its emphasis on utilising the potential of 'One Wipro' to meet customers' full range of business and technology transformation objectives. The amendments will take effect on April 1, 2023.
Wipro FullStride Cloud will combine Wipro's whole cloud capability set into a fully integrated, full stack product. This business line will include cloud native applications, cloud architecture, app modernization, cloud strategy and migration, and cloud infrastructure. Jo Debecker, who presently oversees Wipro's Cloud Infrastructure Services, will take over as Global Head of Wipro FullStride Cloud. Debecker's extensive experience in apps, data, and cloud transformation will be critical in accelerating the expansion of Wipro's cloud business, which already accounts for more than one-third of the company's sales.
Debecker will assist clients in realising the full value of the cloud by integrating Wipro's end-to-end cloud services delivery engine and developing differentiated industry solutions to accelerate growth in this rapidly emerging market area.
Wipro Enterprise Futuring will provide clients with innovative solutions for large-scale enterprise transformation. Intelligent insights and data, application platforms, digital operations, and cybersecurity will all be part of this business line. Nagendra Bandaru, currently the Global Head of Wipro Enterprise Futuring, will become the Global Head of Wipro iCORE. He will be responsible for enhancing Wipro's traditional enterprise transformation and operations business through the use of emerging technologies such as artificial intelligence (AI), augmented reality, and reinvented and highly automated customer and employee experiences. Bandaru will develop novel products to assist clients in building agile, resilient, tech-forward organisations and leapfrogging into the future.
Wipro Engineering Edge, which was formed in 2022 to strengthen Wipro's position as a worldwide engineering services leader, will be spun out into its own business line. Harmeet Chauhan, who is currently the Global Head of Wipro Engineering Edge, will be promoted to Global Head of Wipro Engineering Edge. He will continue to grow and expand Wipro's technical expertise and offerings in areas such as Cloud, 5G, Industrial 4.0, IoT (Internet of Things), Silicon Design, Embedded Systems, Data and AI Platforms, among others. Wipro Engineering Edge will assist clients in their efforts to develop connected, intelligent, and autonomous products, platforms, services, and operations across industries.
Wipro Consulting will bring together Capco, Designit, and Wipro's Domain and Consulting businesses under a single name, enabling better best practise and experience exchange among these disparate entities. Under the direction of CEO Thierry Delaporte, Lance Levy, CEO of Capco, and Philippe Dintrans, Global Head of Wipro Domain & Consulting, will continue to run their respective businesses. Putting Designit under this GBL, overseen by Designit CEO Nicolas Parmaksizian, will open up new opportunities to incorporate experience innovation skills into a broader universe of consulting engagements.
“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 has grown its revenue by 45 percent over the last ten quarters and has recently surpassed the annual run rate of $11 billion.
“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. Deepening our alignment with clients will allow us to adopt a more customized and specialized approach to their needs, unlocking new growth opportunities for our — and our clients’ — business.”
