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Wipro Appoints Badrinath Srinivasan as Managing Director for Southeast Asia
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Wipro Limited (NYSE: WIT) has appointed Badrinath Srinivasan as Managing Director for Southeast Asia. Badri will drive business growth and client relationships in the region, focusing on large deals and transformational engagements. He joins Wipro from Infosys, where he led the Financial Services and Insurance verticals. Badri aims to leverage the increasing demand for digital transformation in Southeast Asia and enhance local capabilities while expanding Wipro's market presence. His leadership is considered pivotal for Wipro's growth strategy in this strategic market.
Positive
Badrinath Srinivasan brings extensive experience from Infosys, which may enhance Wipro's market position.
Focus on Southeast Asia aligns with regional demands for digital transformation solutions.
Negative
Concerns regarding continuity as Badri transitions from a competitor to leadership at Wipro.
SINGAPORE & BANGALORE, India--(BUSINESS WIRE)--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced the appointment of Badrinath Srinivasan (Badri) as the Managing Director for Southeast Asia.
Badri will focus on Wipro’s vision for business growth, revenue expansion, client and influencer relationships, talent development and brand building. Badri will also strengthen the key markets of Southeast Asia focusing on large deals and strategic transformational engagements.
In his most recent role, Badri was the Asia leader for the Financial Services and Insurance verticals at Infosys. Over his nearly twenty-year tenure with the company, Badri held multiple leadership positions in sales and consulting across the United States of America, Europe, and Asia-Pacific markets, and partnered with customers across industry verticals steering their digital transformation agendas. He led strategic initiatives in Asia including driving mergers and acquisitions, creating joint ventures, and establishing strategic partner ecosystems.
“Southeast Asia has been a strategic focus region for Wipro over the years and, even more so now, with the region’s growing demand for comprehensive digital transformation solutions, agility and scale, specialized technology requirements and innovation. I’m excited to welcome Badri to lead our Southeast Asia business, and confident that his leadership and deep understanding of the market will help clients succeed and drive our growth ambition in this region,” said N.S. Bala, CEO, APMEA, Wipro Limited.
“It is a privilege to join Wipro, an organization that I truly admire for its culture and values. Southeast Asia is seeing significant technology modernization and I am delighted to have the opportunity to work with an outstanding team and our ecosystem of partners as we continue to deliver value for our customers. I look forward to contributing to Wipro's regional expansion as we amplify investments in building local capabilities,” said Badri Srinivasan.
Badri holds an Engineering degree in Electronics & Communications and is an MBA from Indian Institute of Management, Lucknow. He is based in Singapore and will report to N.S. Bala, CEO, APMEA.
Southeast Asia is one of the six focus regions that comprise Wipro's APMEA (Asia Pacific, Middle East, India and Africa) Strategic Market Unit. Wipro has been present in Southeast Asia for over a decade, having partnered with leading public and private sector enterprises across multiple industry verticals in their business transformation and digital journeys. Wipro also has a presence in the region through its acquired entities – Capco, Designit, and Topcoder. In line with our growth ambition for the region, we continue to invest in localization, building talent at scale, while strengthening our partnerships and knowledge of regional demands to offer differentiated services and experience to our clients.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
