The Transformation of Wipro Technologies

Wipro's Restructuring Efforts to Become a Global Technology Services Company

• Wipro Technologies is one of India's largest IT solutions providers.
• Wipro aims to compete with IBM and Accenture to become a leading global technology services company.
• The company has undergone a restructuring process to achieve this goal.
• The main objective of the restructuring is to improve customer orientation.
• Wipro has divided itself into several subsidiaries based on product lines such as telecommunications, engineering, and financial services.
• Each subsidiary generates approximately $300 million in annual earnings.
• The subsidiaries operate independently with their own accounting books, personnel, and administrative functions.
• Wipro has transitioned from a centralized to a decentralized management system.
• The responsibility for growth now lies with the management of each subsidiary.
• The organization has attempted to simplify its structure by reducing layers and empowering business leaders.
• The restructuring aims to make Wipro a global giant in the technology services industry.
• While the goal is not yet fully achieved, Wipro is on its way to becoming a major player in the global market.