Wipro reorganises IT business to simplify structure

A fortnight after announcing a change of gaurd at the helm of affairs, Wipro today said it has realigned its organisational structure in line with the changed business environment.

"With the change in environment, there is a need for a bolder, simpler and more agile organisational structure," the new CEO of the IT business of Wipro, T K Kurien, said.

In the realigned set-up, Metals & Minerals will be a new vertical.

Pharmaceutical, Healthcare and Life Sciences and Services, which are related industry verticals are getting organised as an SBU for better synergies under Sangita Singh's leadership, it said.

Manufacturing and Hi-Tech is a new consolidated SBU getting formed, to leverage the enormous synergies between the two industries. This SBU would be led by N S Bala.

G K Prasanna, who was leading the Technology SBU for Wipro, would take over as head of Wipro’s Eco-energy business division. Anand Sankaran will continue to lead Wipro Infotech business division.

Rajiv Shah, who successfully built Healthcare and Services business to a critical mass for the company to grow and expand to the next level, has decided to pursue a career outside Wipro, the company said.

Energy & Utilities would continue to be managed by Anand Padmanabhan. Finance Solutions, comprising Banking, Securities and Insurance Verticals will continue to be under the leadership of Soumitro Ghosh, while Media and Telecom would continue to be led by Mark Fleming.

Retail, Consumer Goods, Transportation and Government would continue under the leadership of Bhanumurthy (Bhanu).

The changes will be effective April 1, 2011.

"The model that we have created now is centered on the customer and designed for swift, impeccable execution and single point accountability. Bottom-line, customers can expect a nimbler and more proactive Wipro to deliver value-driven business outcomes to them," Kurien said.

The company, while announcing third quarter results last month, appointed Kurien as CEO of Wipro's IT business in place of joint CEOs -- Girish Paranjpe and Suresh Vaswani. The company posted a meagre 10 per cent growth in Q3 profits, lower than that of its peers TCS and Infosys Technologies.

"The structural changes have been made with an aim to enable decision making and accountability of deliverables closer to clients. These structural changes have been driven with a goal to improve client centricity and responsiveness," the company said.