Business Today

Meet Abidali Neemuchwala, the new CEO of Wipro

Abidali Neemuchwala's elevation was speculated right from the time he joined the company after a 23-year stint at Tata Consultancy Services.

twitter-logo Venkatesha Babu        Last Updated: January 5, 2016  | 11:15 IST
Meet Abidali Neemuchwala, the new CEO of Wipro
Neemuchwala's elevation was speculated right from the time he joined the company after a 23-year stint at Tata Consultancy Services. (Photo: Reuters)

Business Today Deputy Editor Venkatesha Babu
Just 10 months after he joined Wipro as Group President and COO, Abid Ali Neemuchwala has been expectedly elevated as the new CEO of the company and inducted into the board. Neemuchwala's elevation was speculated right from the time he joined the company after a 23-year stint at Tata Consultancy Services, where his last role was as the global head of TCS's Business Provider Services unit. He was considered particularly close to TCS CEO N. Chandrasekaran, and Wipro bagging him was considered a coup.
 
TK Kurien, who has been elevated as Executive Vice Chairman, also incidentally made his name by turning around Wipro's BPO operations. Kurien became Wipro's CEO in January 2011 but struggled to get the company growing at a pace on par or greater than the industry average. Kurien admittedly had inherited a messy problem due to his predecessors having run the company as co-CEOs leading to dysfunction. When Kurien took over the company had revenues of Rs 31,874 crores and by March 31, 2015 it had become Rs 49,659 crores. Wipro grew at an average of 6-8.5% compared to the industry average of 12-14% during the same period.
 
Forty-nine-year old Neemuchwala is a post-graduate from IIT Bombay who has a Masters in Industrial Management and also is an Electronics and Communication graduate from NIT-Raipur.
 
He takes over Wipro at a time when it is in slightly better shape but is still struggling as it adapts to market shifts. Also, increasingly, Rishad Premji the Chief Strategy officer of the company who represents the interests of the founding Premji family on the board, will play a crucial role in shaping Wipro's future, along with Neemuchwala.  
 
The cerebral Neemuchwala in the past has indicated that he had a passion for programming right from college days when he along with some friends wrote a program for a chemical company earning Rs 3,000. A chess aficionado, he will have to plan his moves carefully to ensure that Wipro gets back to a higher growth path.

 

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