Not a single big deal for 3 years..? wipro in a bad state..!!?
India's 4th largest IT services company wipro is in dire straits and has undergone many changes in the last 5 years since Rishad Premji took over. An important change in this is that Rishad has appointed a foreigner as the CEO, which is not the case among indian IT companies. Rishad Premji appointed Thierry Delaporte for the mega plan to expand Wipro's business in the european market. But not only is it not getting the benefit but wipro has been pushed from the 3rd place to the 4th place. In this situation, wipro has been pushed to the worst position of not being able to win a mega deal in the last three years.
Stephanie Trotman, the head of Wipro's large deals division, has stepped down, which has become a major talking point among investors. It is true that the IT sector is facing a sluggish business, but Wipro's rivals have bagged at least nine major contracts worth over $1 billion in the same 3-year period.
From january 2021 till last week, Tata Consultancy services has won five mega contracts. While Infosys has bagged three projects, HCL Technologies Ltd won one of the biggest contracts worth over $2 billion. But wipro stands unable to win even a major contract. wipro management brought in Stephanie Trotman from Accenture and appointed her in february 2021. He is leaving the company on december 31 after not getting a single big contract in 3 years. In addition, more than 12 employees are assigned to attract large contracts, headed by Stephanie Trotman, while the department is tasked with attracting business by sector. On the one hand, it has attracted more than 10 senior executives from rival companies like CDS and Infosys. Stephanie Trotman followed up with Eddie Woods announcing his resignation.