Wipro moves to redraw strategy as digital gains traction

Software services firm Wipro has set up an executive committee to define its strategy as Indian outsourcing firms increase their focus on transformational deals led by new age digital solutions.

The 17-member committee will be chaired by Wipro CEO T K Kurien and include Rishad Premji, whose induction onto the company board was announced.

The Executive committee will define the company's strategy and translate it into detailed, effective and efficient business plans, Wipro said in a statement.

The committee will be instrumental in identifying issues that might impact Wipro's strategy and help the company make key decisions on operational and strategic execution, it added.

It will also uphold Wipro's values by ensuring the corporate governance and risk assessments are integrated into the business decision making process and in formulation and execution of strategies, the statement added.

Wipro plans to make significant investments into Wipro Digital that will bring together mobility, analytics, UX and cloud technologies.

"We view these (investments) through the lens of Run and Change... On the Change side, we plan to make significant investments into Wipro Digital that will pull together mobility, analytics, UX and cloud technologies with an ambition to be ranked among the top 3 service providers in 3 years," Wipro CEO T K Kurien said.