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Tariq Premji joins board of Wipro Enterprises

Press Trust of India  |  New Delhi 

Tariq Premji, the younger son of billionaire and philanthropist Azim Premji, has been appointed to the board of Enterprises.

Tariq will join in his father and brother on the board of the unlisted Enterprises as a non-

"Enterprises (P) Ltd has appointed as a non-on the board of the company," said in a statement.

"His independent objective view will add value to the board's deliberations," the company added.

(P) Ltd comprises of two main businesses -- and

is primarily into personal care products, lighting solutions and office furniture, while provides for a wide range of applications including and defence and complete end-to-end solutions in water and for

Wipro Enterprises' board is headed by Other board members include Suresh C Senapaty, who is he of Consumer Care & Lighting and of Wipro Enterprises, who is & Executive Director of

Tariq's brother is also on the company's board as a is also the of Wipro Ltd.

In fiscal 2016-17, Wipro Enterprises reported 34 per cent increase in consolidated net profit to Rs 949.3 crore for the current year as against Rs 710.5 crore in the previous year.

Its sales increased by 10 per cent to Rs 8,248 crore in 2016-17 as against Rs 7,477 crore in the previous year.

Promoter and promoter group shareholding in Wipro Enterprises is at 98.45 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 15:45 IST