Abidali Neemuchwala's legacy at Wipro

ET Prime
June 05 2020

Wipro’s growth has failed to match the industry’s. Four CEOs across a decade have struggled to steady the ship. Abidali Neemuchwala, who joined in 2015 to script a turnaround, left earlier this month, midway through the process. The new CEO, Thierry Delaporte, has a tough job of turning around the company during a pandemic and a brutal recession. Neemuchwala may have created a base, but drastic changes will be needed. As Wipro moves on to its fifth CEO in a decade, it becomes necessary to ask: why have successive CEOs struggled? How badly has the company lagged its peers? And when will the “work in progress” reach a satisfactory conclusion?


More than half of Nifty 500 companies have only one woman director. Although regulatory push has prompted corporate India to go for gender diversity in boardrooms, it looks more an enforced development than the belief that diversity adds value. Indeed, the glass ceiling remains intact in India, and globally.


On April 24, Franklin Templeton Mutual Fund closed six funds with aggregate assets under management of over INR28,000 crore. While we have covered this extensively, to further the discussion on this important topic, we are organising an e-conference — Investing in Debt Funds — exclusively for our subscribers today at 4:30 pm IST. We will be talking to Rajiv Shastri, economist and debt-market expert, and Arvind Chari, head of fixed income and alternatives, Quantum Advisors. Click here to register.

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