A fortnight after announcing a change of guard at the helm of affairs, Wipro on Monday said it has realigned its organisational structure in line with the changed business environment.
"With the change in environment, there is a need for a bolder, simpler and more agile organisational structure," the new CEO of the IT business of Wipro, TK Kurien, said.
In the realigned set-up, metals and minerals will be a new vertical.
Pharmaceutical, healthcare and life sciences and services, which are related industry verticals, are getting organised as an SBU for better synergies under Sangita Singh's leadership, it said.
Manufacturing and hi-tech is a new consolidated SBU getting formed, to leverage the enormous synergies between the two industries. This SBU would be led by N S Bala.
G K Prasanna, who was leading the Technology SBU for Wipro, would take over as head of Wipro's eco-energy business division. Anand Sankaran will continue to lead Wipro Infotech business division.
Rajiv Shah, who successfully built healthcare and services business to a critical mass for the company to grow and expand to the next level, has decided to pursue a career outside Wipro, the company said.
Energy & utilities would continue to be managed by Anand Padmanabhan. Finance Solutions, comprising banking, securities and insurance verticals will continue to be under the leadership of Soumitro Ghosh, while media and telecom would continue to be led by Mark Fleming.
Retail, consumer goods, transportation and government would continue under the leadership of Bhanumurthy (Bhanu).
The changes will be effective April 1, 2011.
"The model that we have created now is centered on the customer and designed for swift, impeccable execution and single point accountability. Bottom-line, customers can expect a nimbler and more proactive Wipro to deliver value-driven business outcomes to them," Kurien said.
The company, while announcing third quarter results last month, appointed Kurien as CEO of Wipro's IT business in place of joint CEOs - Girish Paranjpe and Suresh Vaswani. The company posted a meagre 10 per cent growth in Q3 profits, lower than that of its peers TCS and Infosys Technologies.
"The structural changes have been made with an aim to enable decision making and accountability of deliverables closer to clients. These structural changes have been driven with a goal to improve client centricity and responsiveness," the company said.
To further strengthen Wipro's application services solutions, existing service lines providing application development and testing services will be consolidated to a single service line.
The 'Business Application Services' would include packaged implementation, testing and business technology services, and would be headed by Srinivas Pallia.
Wipro will be consolidating its analytics businesses into a new service line focused on analytics, business intelligence, information management, performance management, data/text mining. This new service line would be headed by K R Sanjiv.
Gangadharaiah CP who currently heads the Testing Services will continue as an advisor for testing practice.
All other service lines of BPO, TIS, WCS and PES continue to be led by the current leaders and would have a sharper focus on building capability and staying ahead of the curve.
Business process outsourcing would continue to be under the leadership of Ashutosh Vaidya, while product engineering services would continue to be led by Ayan Mukerji.
Technology Infrastructure Services would continue to be led by Deepak Jain and Wipro Consulting Services would continue with Kirk Strawser as its leader.
To further foster its entrepreneurial culture, Wipro would also align all activities relating to solution delivery, talent management, competency build and talent acquisition under a single organisation, it said.
Wipro is trying to fend off rivals like Cognizant and also compete better with domestic rivals Tata Consultancy Services and Infosys by tweaking its traditional models.
It dumped the joint-CEO model, which it was following since 2007, ousting Vaswani and Paranjpe.
Last year, the company also appointed Chairman Azim Premji's son Rishad as its Chief Strategy Officer.
For Q3 FY'11, the firm posted Rs 1,319 crore in net profit, registering 10 per cent year-on-year (YoY) growth, a pale performance compared to TCS' 30 per cent and HCL Tech's 34 per cent growth in profit numbers.