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India.com
23-07-2025
- Business
- India.com
Once denied permission to stay at Wipro guesthouse, now serves as chairman of same company; he is...., father is...
India has produced several philanthropic leaders. It is impossible to mention the names of prominent donors without including Ratan Tata, Azim Premji, Sudha Murthy, Nita Ambani, Shiv Nadar, and Anand Mahindra. Azim Premji is a figure known better for his philanthropy work than his business acumen. Interestingly, Azim Premji has transferred his entire business to his son. The information technology giant, Wipro, established by Azim Premji, has now been passed down to his son, Rishad Premji. Who is Rishad Premji? What role does he hold in Wipro? Rishad Premji, like his father Azim, is recognized for his humility. He joined Wipro in 2007 and worked in several roles before becoming Executive Chairman in 2019 — including General Manager in the Banking and Financial Services business, Head of Investor and Government Relations, and Head of Strategy and M&A. He also holds directorships across various Azim Premji philanthropic entities. In 2014, Rishad Premji was recognized as a Young Global Leader (YGL) by the World Economic Forum due to his outstanding leadership and commitment to society. At present, Rishad Premji is the Executive Chairman of Wipro Limited, a consulting-led and AI-powered global information technology services company. He serves on the boards of Wipro Enterprises, Wipro-GE Healthcare, and the Azim Premji Foundation, which works to improve public school education, healthcare, and livelihoods across several Indian states. He also holds directorships across various Azim Premji philanthropic entities. According to the official website of Wipro, Rishad served as Chairman of NASSCOM, the trade body representing India's technology industry from 2018-19. Before Wipro, Rishad worked with Bain & Company in London and GE Capital in the US. Speaking about his educational qualification, Rishad has an MBA from Harvard Business School and a B.A. in Economics from Wesleyan University. In 2005, Rishad got married to Aditi, his classmate at Harvard Business School, in a simple ceremony. Rishad and Aditi have two children, Rohan and Riya. Azim Premji was born on 24 July 1945 and Wipro was established shortly after on 29 December 1945. At the age of 21, after the death of his father, Azim Premji took over Wipro and built it into one of the biggest IT companies in the world and raised his children with the same principles he has gained from his father. A great example of his values was when Rishad Premji was in London and asked to stay at Wipro's guesthouse. Azim Premji said no, because it is a company property and not a place for personal use.
Business Standard
28-04-2025
- Business
- Business Standard
Zensar Tech gains after Q4 PAT climbs 10% QoQ to Rs 177 cr
Zensar Technologies added 2.70% to Rs 720.90 after the company's consolidated net profit jumped 10.39% to Rs 176.4 crore on 2.51% increase in revenue from operations to Rs 1358.9 crore in Q4 FY25 over Q3 FY25. Year on year basis, the company net profit and revenue jumped 1.79% and 10.51%, respectively in Q4 FY25. Profit before tax (PBT) increased 9.27%QoQ to Rs 229.8 crore in Q4 FY25. EBITDA stood at Rs 212.5 crore in Q4 FY25, registering the growth of 2.7% as compared with Rs 206.9 crore in Q3 FY25. In dollar terms, the companys revenue stood at $156.8 million in Q4 FY25, down 0.1% QoQ and 5.8% YoY. In Q4 FY25, the company reported sequential QoQ growth of 0.9% in constant currency and QoQ decline of 0.1% in reported currency. US as a region grew by 0.3% sequential QoQ and by 6.5% YoY in constant currency. Europe as a region grew by 2.5% in sequential QoQ and by 10.0% in YoY constant currency terms. Africa as a region grew by 0.9% sequential QoQ but declined by 1.7% in YoY constant currency terms. Banking and Financial Services reported a sequential QoQ revenue growth of 3.4% in constant currency. Telecommunication, Media and Technology reported a sequential QoQ revenue growth of 1.7% in constant currency. Manufacturing and Consumer Services reported a sequential QoQ revenue decline of 2.6% in constant currency. Healthcare and Life Sciences reported a sequential QoQ revenue decline of 1.4% in constant currency. On full year basis, the companys consolidated net profit fell 2.29% to Rs 649.8 crore in FY25 as against 665.0 crore in FY24. Revenue from operations increased 7.73% to Rs 5,280.6 crore in FY25 as compared with Rs 4,901.9 crore in FY25. Meanwhile, the companys board has recommended of final dividend of Rs 11 per equity share of each with face value of Rs 2 each for FY25, subject to approval of the members of the company at the ensuing 62nd Annual General Meeting (AGM). Manish Tandon, CEO and managing director, Zensar, Technlogies, Were proud to report consistent growth across all geographies in constant currency, Zensars performance reflects the resilience and global relevance of our EEE value proposition. This quarter marks our highest-ever order book, driven by strong client confidence and strategic investments. Focused efforts in mining new accounts are yielding results, with significant traction in client acquisitions. Additionally, our improved attrition number highlights the success of our people-first approach and culture that values long-term relations. Pulkit Bhandari, CFO, Zensar, commenting on the Q4FY25 & FY25 performance, said, Revenue for the quarter was $156.8M translating into 0.9% growth in constant currency with an EBITDA margin of 15.6%. For the year, revenue stood at $624.5M with constant currency growth of 5.1%. Continuing our momentum with sales effort, we booked orders worth $213.5M this quarter. The quality of engagements is more strategic and long term which is a validation of our strategy. Zensar Technologies is a leading digital solutions and technology services company that conceptualizes, builds, and manages digital products through experience design, data engineering, and advanced analytics, serving over 145 global clients.
