Srini Pallia appointed as the next chief executive officer (CEO) of Wipro

Srini Pallia appointed as the next chief executive officer (CEO) of Wipro.
After the resignation of Thierry Delaporte, Wipro has appointed Srinivas Pallia as its new CEO.
He will take over as the CEO and managing director from April 7.
In July 2020, Thierry Delaporte was appointed as Wipro’s CEO and managing director.
In 2019, Wipro also lost the tag of India’s third-largest IT services company.
Delaporte revamped operating mode and structure of Wipro and replaced the various Strategic Business Units (SBU), geographies and service lines with four Strategic Market Units and two Global Business Lines.
Wipro’s revenues had dropped to Rs 22,205.1 crore from Rs 23,229 crore in the third quarter ended December 31, 2023.
During this quarter, Operating margins were stable at 16 per cent. The Net profit of Wipro has declined to Rs 2,694.2 crore against Rs 3,052.9 crore in the year-ago period.