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We are obsessed with growth, more agile: Rishad Premji

1 week ago 7

Wipro chairman Rishad Premji

BENGALURU: Wipro chairman Rishad Premji said the company has made significant changes in the operating model and leadership team and managed this with minimal disruption. “We are obsessed with growth, closer to customers, more local and agile and geographically distributed,” he said at the company's annual investor meet on Friday.
The company has made a remarkable turnaround since Thierry Delaporte took over as CEO a little over a year ago. During this period, Premji has played a significant role in transforming the culture of the company into one where everyone is collaborating a lot more closely. Premji said he has had the opportunity to travel over the last 3-4 weeks meeting customers "and everybody is thinking of themselves as a tech company, increasing efficiency through technology rather than reducing cost.”
Delaporte said Wipro will focus on winning large deals worth $200-300 million. Such deals have been at the centre of the company’s growth strategy since the Frenchman came on board. The company said the acquisition of Capco, a UK-based management and tech consultancy firm for about $1 billion earlier this year, is helping make better inroads into the financial services sector. “Firstly, we will continue to accelerate our momentum and ambitions through our continued focus on clients. Our growth will come from large deals and by expanding our market share of more than $200-300 million accounts,” Delaporte said.
“The pandemic has accelerated transformation timelines for all industries. Digital technology such as AI, big data, cloud, cyber security are seeing widespread adoption and exponential growth. That means more complexity, more need for expertise and innovation; a place where we want to play,” Delaporte added. Wipro says it won mega deals in its core markets of North America and Europe, with total contract value (TCV) of large deals going up by 80% in the last one year.


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