The development comes within days after Reliance Industries appointed Bhattacharya on its board as independent additional director
Total income from operations stood at Rs 146,896 million against Rs 134,687 million in the year-ago period.
Bengaluru, 22 OctoberAfter taking over Alight Solutions' India unit, information technology services major Wipro is in the process of creating a new business line, under its business process outsourcing (BPO) services division, to offer end-to-end human resource (HR) solutions and services. Sources in the know said the Bengaluru-based firm is integrating the operations of Alight HR Services India (Alight's India unit) into its HR practices, to position itself as one of the largest players in the space."Alight HR Services India has around 8,500 employees. Now, a team of around 500 people who already work in the HR domain at Wipro BPO will be part of this new business line," said senior sources. "This will make the company one of the largest HR players in this space, giving it a larger footprint."Alight HR Services India will also join Wipro with its proprietary platforms covering all the processes in HR domain. Alight India currently operates out of four centres, at Gurugram, Noida, ...
The hub will also run work experience programmes for school leavers, internship programmes for university students, and training programmes for employees
The $8.4-billion company began the marathon in 2005 as an annual global initiative to reinforce its core values
According to its contract with Alight, Wipro has been mandated to digitally transform the Illinois-headquartered company's business
Wipro has outperformed the market by surging 16% in past one month, as compared to 1% rise in the S&P BSE Sensex, trading close to its 52-week high of Rs 335 touched on January 16, 2018.
The stock surged 9% to Rs 328 after the Wipr on Sunday said that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC.
The contract follows the two companies' strategic alliance announced in July. As part of that, Wipro had announced investing $117 million in Alight and acquiring its captive India unit
In July this year, Wipro had partnered Alight Solutions to take over the latter's captive operations in India - Alight HR Services India - for a consideration of $117 million
Wipro will help transform Falck's finance operations through its enterprise operations transformation model
Decision comes when there has been a dip in intake due to tepid demand, increasing automation
Wipro is currently rejigging its businesses in India and West Asia by shifting focus from the government segment to private enterprise while moving away from low-end commoditised services business.
Most of our strategic business units (SBUs) have grown positively, says Neemuchwala
The IT services firm was able to beat Street estimates on revenue
Wipro's focus will be to modernise Alight's core technology assets and further automate its operations to enhance the user experience of Alight's end customers, it said
Revenue from IT services grew by about 5% to Rs 137 bn while the BFSI business grew 17.5% to Rs 41.1 bn
Wipro's Chief Strategy Officer Rishad A Premji's compensation also grew by more than 250 per cent to Rs 58 million
Outside of India, Wipro has already forayed into neighbouring Sri Lankan market for its lighting business
Tariq had a humble professional beginning and was not catapulted to a high profile just because of his powerful surname