Wipro rejigs IT business structure

Wipro adopts a leaner company structure in the wake of emerging challenges.

Software giant Wipro has moved to a leaner company structure in the new financial year starting April 1. The Bangalore-based giant restructured and consolidated its business segments, re-jigged its service lines and introduced country-specific marketing plans with a customer-centric focus, keeping in mind emerging opportunities, growing competition and a slower show in the past financial year.

However, Wipro announced back in March that after hiring a strategy consulting firm on changing service lines and business units, it would share the new agenda very soon in the coming week.

Wipro’s new CEO TK Kurien, who took the charge in February, commented the change was necessary for building a bolder, simpler and leaner Wipro with the right structure and right people on board.

As per the new company initiatives, Wipro’s several business units will report directly to Kurien, who replaced the joint-CEOs Suresh Vaswani and Girish Paranjpe as Wipro lagged industry rivals such as HCL Technologies, Infosys and Tata Consultancy Services.

Wipro, which has more than 119,000 employees, is looking forward to simplify its organization structure. The software major has consolidated its business divisions into six from the earlier nine. The six new verticals include finance solutions; retail, transportation and government; energy and utilities; pharmaceutical and healthcare; manufacturing and hi-tech; and media and telecom.

Besides reducing organization complexities, the new structure aims at driving higher agility and customer centricity along with better accountability.

Meanwhile, Wipro is following a country-focused structure for sales and marketing in emerging markets such as Latin America, Canada, France, Germany & Asia Pacific (including Japan and China).