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Book excerpt: Wipro's CEO conundrum and a chronicle of Azim Premji's life

Why have so many otherwise fine CEOs failed to lift the IT major's performance? In their new book, Sundeep Khanna and Varun Sood tell the story as they chronicle Azim Premji's life

Book cover
Book cover of Azim Premji: The Man Beyond the Billions

Wipro, under (Azim) Premji, lagged not just Infosys and TCS (in 2008), but also continued to grow slower than Cognizant. It ended with $3.7 billion in revenue in the year ended March 2008, about $1.9 billion lower than TCS’s $5.6 billion and $472 million below Infosys’s $4.17 billion. Cognizant, which ended the calendar year with $2.81 billion in revenue, was now within sniffing distance. That was when Premji decided that a joint-CEO structure might be the solution. Girish Paranjpe, who had joined Wipro in 1990, and Suresh Vaswani, who had joined in 1985, were ...