New Wipro CEO Srinivas Pallia reveals his five point plan to revive company’s growth

New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.
Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is important to be transparent. There is still a considerable amount work ahead of us. My immediate priority is to accelerate growth”, added Pallia.

His five-point plans are:

1 – Accelerate large deal momentum, while working closely with clients and partners.
2 – Strengthen relationship with large clients and partners and further invest in accounts that has the potential to grow into large accounts.
3 – Focus on industry specific profits and business commissions led by consulting and infused AI.
4 – Continue to build talented skills which is AI ready and able to deliver industry specific business solutions.
5 – Continue to simplify our operating model and focus on execution rigour with speed.

“And there might be more challenges coming in the future, however the opportunity before Wipro is also limitless,” added Pallia.He added that Wipro has made substantial investments to strengthen its capabilities. “We also made bold moves in mergers and acquisitions acquiring companies like Capco and Rizing, which has boosted our consulting capabilities”.