The company secured new total contract value (TCV) deals worth USD 207 million during the quarter, with 88 per cent of these wins coming from next-gen services
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The new facility, located in the iconic Tower 42, will focus on solutions in Quantum Computing, Quantum Cryptography and Artificial Intelligence (AI), with an aim to tackle major industry challenges such as algorithmic underwriting, catastrophic risk modeling and fraud detection
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Viswanathan, who previously served as CFO at Tanla Platforms, spent nearly two decades at Wipro, while Paranjpe is a co-promoter of Exfinity Venture Partners and a former Joint CEO of Wipro’s IT business.
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The company’s revenue from operations climbed to Rs 3,422 crore, a 4.6 per cent year-on-year (YoY) increase and a slight 0.2 per cent growth from the previous quarter
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The transaction saw Blackstone’s affiliate BCP Topco IX Pte offload 2.85 crore equity shares
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The decline was primarily due to a 10 per cent year-over-year (YoY) decrease in its banking and financial services (BFS) segment, which accounts for nearly half of the company's revenues
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