Wipro bets on BFSI, healthcare

MUMBAI: Having fallen behind its peers in revenue growth, Wipro Technologies now says it's “chasing hyper growth” through select verticals . Spaces like banking, financial services and insurance (BFSI), healthcare, retail, manufacturing and utilities have been identified as high-growth verticals for the company.

The company's new CEO, T K Kurien, who is at Nasscom's Leadership Summit here, told TOI, `` We are looking at growth from all quarters, but we expect hyper-growth in these select spaces. The healthcare and BFSI verticals will be key focus areas. Compared to last year, market volumes have increased this year and there is quite an uptick in the market.''

Healthcare and BFSI are verticals where close rival Cognizant also has a strong footprint. Talking about the recent organizational restructuring , he said the objective was revenue and topline growth, not cost cutting. `` The fruits of these exercises will be seen in the next three quarters . You may not see the benefits immediately,'' Kurien said.

Wipro Technologies last week realigned its organizational structure to a simplified industry domain led business where client delivery, sales and profitability are aligned more closely with strategic business units. `` Going forward, the focus will be on execution,'' Kurien said. He also said there would be a lot of focus on campus hiring in the next couple of years.