MAM
92.7 Big FM elevates Jay Mehta to station head, Mumbai
MUMBAI: 92.7 Big FM has announced the elevation of Jay Mehta as station head, Mumbai. Mehta joined 92.7 Big FM in August 2014 in the position of sales head – Mumbai and has been an ace performer, steadily growing revenues for the station. In his role as station head, Mehta’s primary responsibility will be to manage the P&L of the station, ensuring profitability as the station continues to deliver excellent value to listeners and advertisers alike.
Mehta will report to 92.7 Big FM business head Ashwin Padmanabhan.
Mehta carries with him over a decade’s work experience, with companies like Uninor, Idea Cellular, Bharti Airtel and Reliance Communications. His key strengths include innovations, strategy formulation and execution, brand launches, brand associations, and sales and distribution. He has to his credit, been a key part of the launch team of two telecom giants in India – Uninor and Idea Cellular and has been instrumental in seeding the brands during its initial periods.
Padmanabhan said, “It is an absolute delight to meet and work with committed employees like Jay. His relationship skills and ability to deep dive and understand the Clients requirements and offer suitable solutions, is phenomenal. We couldn’t have found anymore more apt for this role than Jay and I am confident he will lead the entire team to the next level.”
Mehta added, “I am privileged to be acknowledged so early in my association with BIG FM and thank the management for the same. My clear focus going forward is to make Big FM synonymous with radio, to increase revenue share and to build a strong cohesive team that delivers excellent clutter breaking content to listeners and value to advertisers.”
Jay has a superlative educational record with a distinction in Masters in Management Studies (MMS) – Marketing from Chetana College Mumbai and a Bachelor of Commerce (BCOM) degree with distinction from Narsee Monjee Institute of Commerce and Economics Mumbai.
Brands
Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
