IT services giant Wipro announced on Friday, March 14, a strategic realignment of its Global Business Lines (GBLs) to enhance its focus on artificial intelligence (AI), cloud, and digital transformation.
The restructuring aims to improve alignment with evolving client demands and will take effect from April 1, 2025.
According to a stock exchange filing, Wipro stated that clients increasingly seek integrated, outcome-driven solutions that enhance agility and innovation.
To meet these needs, the company will realign its GBLs while maintaining four business divisions, each designed to cater to distinct client buying behaviours.
Under the new structure, Wipro’s GBLs will be divided as follows:
Led by Nagendra Bandaru, this division will offer cloud-enabled and industry-specific technology solutions. Its primary focus areas will include digital and industry cloud, cybersecurity, AI, enterprise applications, and infrastructure services.
Headed by Jasjit Singh Kang, this segment will focus on driving digital operations and business process transformation to optimise efficiency and customer experience.
Under the leadership of Amit Kumar, this unit will provide strategic advisory and transformation services to help clients navigate complex business challenges and digital shifts.
Led by Srikumar Rao, this division will continue delivering advanced engineering solutions and research & development (R&D) services to support innovation across industries.
Wipro confirmed that its subsidiary Capco, which provides consulting services to financial institutions, will remain unchanged under the leadership of Anne-Marie Rowland.
Meanwhile, Jo Debecker, head of Wipro FullStride Cloud, has decided to exit the company, marking a key leadership transition amid the restructuring.
Emphasising the company’s strategy behind the restructuring, Wipro’s Chief Executive Officer and Managing Director, Srini Pallia, stated: “This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions. This realignment will allow us to serve our clients better, enabling us to deliver tailored, high-impact transformation.”
On March 17, 2025, Wipro share price traded 0.55% lower at ₹262.50 at 9:46 AM (IST). Wipro’s share price reached a 52-week high of ₹324.55, and a 52-week low of ₹208.40. As per BSE, the total traded volume for the stock stood at 0.49 lakh shares with a turnover of ₹1.29 crores.
At the current price, Wipro shares are trading at a price-to-earnings (P/E) ratio of 26.55x, based on its trailing 12-month earnings per share (EPS) of ₹9.88, and a price-to-book (P/B) ratio of 4.35, according to exchange data.
Wipro highlighted that the restructuring is designed to strengthen its go-to-market approach, ensuring deeper alignment with industry trends and shifting client demands.
By refining its business structure, Wipro aims to position itself at the forefront of AI-driven transformation and cloud-based solutions, reinforcing its commitment to delivering high-value digital services to clients worldwide.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 17, 2025, 9:57 AM IST
Dev Sethia
Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
