Wipro, under chairmandesignate Rishad Premji, faces a key challenge of matching industry level growth, after the IT services company struggled with client bankruptcies, bad market bets and acquisitions over the past few years.
Although Wipro hived off its cloud business, restructured its India operations and bet on businesses that leveraged the gig economy workforce to deliver services, the effort is still work in progress. “Challenges for Wipro remain, it must continue to address portions of its business which are underperforming, while moving quickly to build the new digital business which is its future,” said Peter Bendor-Samuel, chief executive, Everest Group, a global IT advisory firm. Rishad has been “carefully groomed to take his father’s place,” he said.
Read more in The Economic Times