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Wipro hires Accenture executive Amit Kumar as global head for Consulting
Economic Times
·
5m ago
Medial
Wipro has appointed Amit Kumar, a former Accenture executive, as its new Managing Partner and Global Head of Wipro Consulting. Based in New York, Kumar will report to CEO Srini Pallia and join Wipro's Executive Board. He will focus on driving consulting-led, AI-powered growth. Kumar brings over 24 years of experience across regions and various industries. This appointment is part of Wipro's strategy to stabilize leadership after several senior-level departures and elevate internal talent.
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Alvarez & Marsal hires former McKinsey exec to strengthen infra practice
VCCircle
·
5m ago
Medial
Alvarez & Marsal (A&M) India has appointed Saurav Kumar as managing director to lead its infrastructure and capital projects practice. With over 16 years in consulting, Kumar has experience in engineering, construction, and renewable energy. This move aligns with A&M's focus on enhancing its infrastructure practice, driven by increased government investment in India's manufacturing sector. Previously, Kumar spent 12 years at McKinsey & Company. A&M continues to strengthen its team with strategic appointments.
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Alvarez & Marsal hires former KPMG cybersecurity veteran
VCCircle
·
5m ago
Medial
Alvarez & Marsal has appointed Chandra Prakash Suryawanshi, a former KPMG executive, as Managing Director to lead its disputes and investigations practice, focusing on cyber risk services in India. With over 25 years in cybersecurity, Suryawanshi will enhance A&M’s expertise in cyber risk advisory and incident response. This appointment aligns with the firm’s broader strategy of strengthening leadership across various sectors, reflected in several recent senior hires from prestigious firms like Accenture and McKinsey.
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Carlyle hires former Bajaj Electricals CEO to help improve portfolio firms’ performance
VCCircle
·
11m ago
Medial
Private equity firm Carlyle has hired Anuj Poddar, the former CEO of Bajaj Electricals, as co-head of Global Portfolio Solutions (GPS) for Asia. Poddar will focus on India and Southeast Asia and will work closely with Carlyle Asia's investment advisory teams. He brings over 30 years of corporate leadership and management consulting experience to his new role. Carlyle is looking to increase its control buyout deals in Asia and Poddar's appointment aligns with the firm's focus on enhancing portfolio company value creation. Carlyle manages $435 billion in assets and employs over 2,200 people worldwide.
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Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
Livemint
·
1y ago
Medial
Cognizant Technology Solutions has named Jatin Dalal, former CFO of Wipro, as its new CFO. Dalal will assume the role in December, succeeding current CFO Jan Siegmund. This move comes as part of several high-profile executive changes in the Indian tech industry. Dalal brings over two decades of experience from Wipro, where he served as president and CFO. Cognizant CEO Ravi Kumar S expressed confidence in Dalal's ability to drive revenue growth for the company.
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Lessons for Indian IT services firms as Accenture, IBM lead GenAI charge
Livemint
·
10m ago
Medial
IBM is experiencing a turnaround as it gains more clients for its generative artificial intelligence (GenAI) services. The company's GenAI bookings stood at over $2 billion as of July, while Accenture reported $3 billion in GenAI bookings for the period 2023-24. The growth in consulting business has contributed to the success of both IBM and Accenture, which outpaces Indian IT services companies. Indian IT firms have not reported revenue from consulting or AI practices and have faced challenges with lower client spending on IT services. GenAI revenues are expected to flow from consulting before expanding to other IT segments.
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Amazon appoints Samir Kumar as head of India operations
Entrackr
·
10m ago
Medial
E-commerce major Amazon has appointed Samir Kumar as the country head for India. Kumar will continue to lead Amazon’s consumer businesses in the Middle East, South Africa, and Turkey. Kumar will replace Manish Tiwary, the head of Amazon’s India operations, who left the firm to pursue an opportunity outside of the company in August this year. Amit Agarwal, who is the vice president of Amazon India, will now oversee India operations alongwith Kumar. It’s worth noting that the duo had already worked together in the past. The appointment coincides with Amazon India’s plan to foray into quick commerce market. The e-commerce giant plans to enter the space, currently dominated by the likes of BlinkIt, Zepto and Instamart, in the first quarter of 2025.
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JPMorgan hires former Global X chief investment officer as ETF strategist
Reuters
·
1y ago
Medial
JPMorgan Chase & Co's asset management division has hired Jon Maier, former chief investment officer of Global X, to lead a new global research effort focused on exchange-traded funds (ETFs). With assets at J.P. Morgan Asset Management's ETF division standing at $8.43 trillion, the bank's expansion in the ETF business has outpaced its larger rivals. Maier will provide analysis and insights on ETFs for investment clients in his new role. This move follows other recent senior executive changes in the ETF sector, including State Street hiring Anna Paglia, former global head of ETFs at Invesco, for a newly-created role.
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A&M India hires former McKinsey, Accenture execs to strengthen top deck
VCCircle
·
7m ago
Medial
Alvarez & Marsal (A&M) has hired two senior executives to strengthen its energy and resources practice in India. The professional services and turnaround firm appointed Kunwar Vijayant Singh, a former partner at McKinsey & Company, and Ranajit Sahu, a former executive at Accenture. A&M has been focused on enhancing its leadership teams in various verticals.
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BharatPe Fraud: Court Sends Grover’s Kin To Judicial Custody
Inc42
·
10m ago
Medial
Former BharatPe employee, Deepak Gupta, has been sent to five days of police custody by a Delhi court in connection with an alleged INR 82 crore fraud case. Gupta, who previously served as the administration and procurement head at the company, was arrested following the earlier arrest of vendor Amit Kumar Bansal. The investigation into the case is ongoing.
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Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report
Economic Times
·
7m ago
Medial
Several executives in the Indian startup ecosystem have transitioned between senior leadership roles and entrepreneurial positions. For instance, Karthik Gurumurthy, former head of Swiggy Instamart, became a co-founder of SRT10 Athleisure, a sports athleisure brand, along with Sachin Tendulkar. Ayyappan R, who led Cleartrip at Flipkart, left to build his own quick commerce startup called FirstClub. Abhijit Upadhye joined Rozana as a co-founder after working as a partner at xto10x. Other notable transitions include executives starting their own ventures, such as Utkrishta Kumar with Oolka and Manish Chawla with Noviq Consulting. Additionally, some leaders chose to take on executive positions, like Shamik Sharma joining Atlassian and Maruthy Ramgandhi becoming the CTO of Snitch.
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