Abidali Neemuchwala

The firm said it plans to focus on early-stage and growth-stage companies dealing with areas such as cloud infra, AI, machine learning and mobile

In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.

TCS will hold its board meet the next day (April 16) for approval of its financial statements

A Wipro spokesperson said the company is only looking at external candidates

The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges

Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)

Neemuchwala, who had been given the additional responsibility of MD in July last year, has cited 'family commitments' as the reason behind his departure from the Azim Premji-promoted firm

Neemuchwala is leaving due to "family commitments" and will continue to hold office until a successor is appointed, said Wipro in a regulatory filing.

Neemuchwala joined Wipro in April 2015 as the president and chief operating officer. The IT major's stock rose about 13 per cent under his tenure as the CEO

IT services revenue, which contributes more than 95 per cent of its gross revenues, witnessed a sequential decline of 0.7 per cent at $2.038 billion in constant currency terms

Rishad has all the values of Azim Premji and Wipro, and he's also been part of Wipro for almost 12 years now, says CEO Abidali Neemuchwala

Interview with Chief Executive Officer, Wipro

He laid out a vision of touching revenue milestone of $15 bn with operating profit margin of 23% in the next four years