I was brought in to transform, take tough decisions: Wipro CEO Thierry Delaporte
Summary
On May 25, Wipro , which is India’s fourth largest software services firm, told the US Securities and Exchange Commission that its Executive Chairman Rishad Premji ’s annual compensation halved for the financial year 2022-23 due to incremental profits being negative for the year. Our primary mission is to deliver excellent services for our clients.We’ve grown 45% in the last two and a half years and if we can do that, always (we) will be in a good place. BFSI is about a third of Wipro’s business but we were contained to only one type of projects and we were missing the opportunity to compete and play on the larger transformation programmes. Its impact on the market is visible every day and every single client is telling me that the addition of Capco and Wipro has been a positive improvement.Second, in terms of integration, we have had a very reasonable level of attrition. It would be, in my view, a big mistake to look at it just in the lens of growth for one given quarter.For the last three years, we have driven a significant transformation and upgrading of our leadership.