Latest news with #Capco
Time of India
17-07-2025
- Business
- Time of India
Wipro looking to become consulting-led, AI-powered company, says Rishad Premji
Academy Empower your mind, elevate your skills IT firm Wipro aims to sharpen its focus on becoming a consulting-led, artificial intelligence (AI)-powered organisation, its executive chairman Rishad Premji told the Bengaluru-based company's 79th annual general meeting through videoconferencing on Wednesday, the son of billionaire promoter Azim Premji said 2024-25 was a year of significant change for Wipro as well as the world.'We know the external environment may stay uncertain. But resilient businesses are built during times like these… The macro landscape kept shifting, and technologies like AI were scaling rapidly,' said Premji. 'We're sharpening our focus on becoming a consulting-led, AI-powered organization.'He highlighted that Wipro's acquisition of Capco in 2021 gave the company a strong start in financial services consulting and helped in expansion across other comments came a day ahead of Wipro's first-quarter earnings scheduled to be announced on Wednesday, Wipro's shares closed 2% higher at Rs 262.70 per share on the last week, larger rivals Tata Consultancy Services (TCS) and HCLTech have reported subdued quarterly revenue and profit numbers, respectively, as US tariffs-related uncertainty continued to drive cautious spending by clients of the software service the fourth largest software services provider in the country, reported revenue of $10.5 billion for 2024-25.'Starting from FY26, we expect to return to shareholders at least 70% of the net income cumulatively over a three-year period,' Premji executive Srinivas Pallia, who completed one year at Wipro's helm in April, said as the uncertainty deepened in the fourth quarter of 2024-25 with new headwinds led by tariffs, Wipro is helping its clients define roadmaps, identify AI opportunities and align with their business goals from the start.'We also invested heavily in talent and leadership development through the Wipro Leadership Institute , we are developing high potential talent, moving top performers into critical roles, and we launched a sponsorship programme to help in their growth journey with AI first and AI everything as a guiding approach,' Pallia has built more than 200 agents in partnership with its hyperscalers, he said, adding that Agentic AI is making a tangible impact across the company's internal operations including human resources, finance and legal.
Yahoo
17-03-2025
- Business
- Yahoo
Wipro reorganises global business lines
Indian technology services and consulting company Wipro is realigning its global business lines (GBLs) to enhance its go-to-market capabilities. This move aims to 'deepen alignment' with clients' changing business demands while capitalising on technological advancements in AI, cloud computing, and digital transformation. From 1 April 2025, Wipro will operate with four GBLs, structured around client 'buying behaviour'. Wipro CEO and managing director Srini Pallia said: '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.' Under the leadership of Nagendra Bandaru, the technology services GBL will prioritise delivering cloud-driven, industry-tailored technology solutions. Its offerings will encompass digital and industry cloud, cybersecurity and risk management, cloud and infrastructure services, data, analytics, AI, enterprise applications, and Designit. The business process services unit, led by Jasjit Singh Kang, will focus on digital operations and business process transformation. Simultaneously, the consulting services arm, under Amit Kumar's leadership, will deliver strategic advisory and transformation services. Headed by Srikumar Rao, the engineering GBL will continue providing engineering and research and development solutions. Capco, which Wipro acquired in 2021, remains unchanged and continues to be led by Anne-Marie Rowland. In a separate development, Capco partnered with OpenAI, the creator of ChatGPT, to integrate OpenAI's technology with its financial services expertise and GenAI capabilities. This collaboration aims to drive the adoption of ChatGPT across Capco's workforce while developing advanced GenAI tools to enhance client service and execution at scale. Earlier in 2025, Wipro expanded its presence by opening a new IT centre at its Gopanapalli campus in Hyderabad's financial district, India. This expansion is set to generate employment opportunities for 5,000 people, both directly and indirectly. "Wipro reorganises global business lines" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
15-03-2025
- Business
- Yahoo
India's Wipro to redraw global business lines
BENGALURU (Reuters) -Indian IT major Wipro is realigning its four global business lines from April 1 to better address client needs, the company said on Friday. This is its first rejig after CEO Srinivas Pallia took over the role in April 2024, and comes two years after a similar move under former top boss Thierry Delaporte. Wipro has brought all cloud, data, analytics and AI, and other related businesses under its tech services business line. Its head of cloud resigned on Friday. The company's consulting business line will be headed by Amit Kumar, who was hired from Accenture Consulting last month. "This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions," Pallia said in a statement. Following the overhaul, Capco - Wipro's largest acquisition - will operate separately under the consulting business line with Capco's head reporting to Pallia. Its Designit business will go under the tech services business line. Both acquired companies were previously under the consulting business. Apart from the existing engineering business line, the company also announced a fourth newly created line called Business Process Services, with Jasjit Kang as its head. Sign in to access your portfolio
Associated Press
14-03-2025
- Business
- Associated Press
Capco Collaborates With OpenAI to Enhance Innovation, Drive Efficiencies and Deliver Lasting Benefits to Financial Services Clients
Capco, the global management and technology consultancy, today announced a collaboration with OpenAI, the maker of ChatGPT and frontier AI models such as GPT-4o, GPT-4.5, OpenAI o1 and o3 mini, to accelerate AI's transformative impact at the world's top financial institutions. This collaboration combines OpenAI's cutting-edge innovations with Capco's financial services domain and GenAI expertise to deliver powerful solutions that help clients achieve transformative results. As part of its GenAI Infused strategy, Capco is leading by example in the adoption and application of GenAI tools and solutions across the financial services industry. Through this collaboration with OpenAI, Capco is further scaling the adoption of ChatGPT across its workforce and pioneering these GenAI tools to accelerate client delivery and execution at scale in real world use cases that are making a difference for our clients. Annie-Marie Rowland, CEO of Capco, said: 'GenAI has the potential to transform how we deliver consulting value for our clients and how our clients operate their businesses. It is rare that a technology comes along that can fundamentally augment the way we work and how our clients work at the same time. Our deep expertise in navigating the regulatory, consumer and technical complexities of the financial services industry has uniquely positioned us to safely harness GenAI and leading tools like ChatGPT Enterprise effectively. In partnership with our clients, we have already seen the power of GenAI lead to transformative results when tailored to support our clients' strategy, operating model, processes and data architectures. 'By scaling the use of ChatGPT Enterprise across our organization, we've further equipped our teams to help clients respond to market trends, and develop leading-edge services, solutions and products with unprecedented speed – all while maintaining the security and governance framework essential in a highly regulated environment.' Nicolai Skabo, EMEA Head of Sales, OpenAI, said: 'From boosting productivity to streamlining operations, to delivering new innovative solutions for clients, it's impressive to see the tangible impact AI is already having on Capco's business. And this is just the beginning, with the global roll out of ChatGPT Enterprise across the business, we expect to see even more teams benefit from this transformative technology.' About Capco Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the financial services and energy industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco's cutting-edge ingenuity is brought to life through its award-winning Be Yourself At Work culture, our best in class thought leadership – including our most recent Capco Institute Journal of Financial Transformation, which is focused on GenAI – and our diverse talent. To learn more, visit or follow us on LinkedIn, Instagram, and YouTube. or follow us on LinkedIn, Instagram, and YouTube. SOURCE: Capco Copyright Business Wire 2025. PUB: 03/14/2025 01:00 AM/DISC: 03/14/2025 01:03 AM
