Top-Level Churn At Wipro Deepens With Two More Exits
The exodus of Wipro Ltd.'s senior management has deepened with two more exits, even as India's fourth IT services firm grapples with an industry-wide slowdown.
Mohd Haque—senior vice president and sector head, healthcare and medical devices—has resigned, as has his peer Ashish Saxena, who was leading the Bengaluru-based IT firm's manufacturing and hi-tech business, according to people aware of the matter. Their exit comes weeks after Wipro veteran Gurvinder Sahni left the company to join Persistent Systems Ltd. as chief marketing officer.
Wipro confirmed the exits in an email.
"Wipro can confirm that Mohd Haque will be leaving the company in June. Ashish Saxena and Gurvinder Sahni have left Wipro to pursue other opportunities," a spokesperson for the company said. "We thank them for their years of leadership and contribution."
The latest resignations add to the list of at least 14 senior-level exits at Wipro in the past year, most of whom have joined rival firms. These include:
Wipro Americas 2 CEO Angan Guha, who joined Birlasoft as CEO.
Wipro COO Sanjeev Singh, who joined CMS Infosystems as CEO.
Wipro Americas 2 CFO Nithin V. Jagmohan, who joined Xoriant as CFO.
Wipro iDEAS head Rajan Kohli, who joined CitiusTech as CEO.
Wipro Americas 1 CFO Kamini Shah, who joined Birlasoft as CFO.
The exits also come at a time when Wipro has failed to grow its profit in a year that saw an industry-wide slowdown, so much so that Chairman Rishad Premji's annual compensation was reduced by half in the fiscal ended March 31.
To be sure, Wipro has continued to add leaders to the top rung. Earlier this year, the IT firm promoted 12 senior executives to the post of senior vice president, while 61 executives were elevated to the rank of vice president. These promotions are a recognition of their performance and potential, the company said then.
On Tuesday, shares of Wipro Ltd. rose 0.73% to Rs 402.50 apiece on the BSE, even as the benchmark Sensex ended the day 0.20% higher at 62,969.13 points.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
