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Mandar V Deo joins JK Tyre as India president
The 50-year-old engineer and MBA brings stints at Cummins and Exide Energy to one of India’s biggest tyre makers
JK Tyre & Industries has a new man at the wheel in India. The tyre giant has appointed Mandar V Deo as president, India, based in Delhi, where he will report to chairman and managing director Raghupati Singhania and managing director Anshuman Singhania.
Deo, 50, is no stranger to heavy industry. He brings over two decades of senior leadership experience, having navigated the corridors of Cummins Inc, Cummins India and Exide Energy Solutions. His academic firepower is equally formidable: a bachelor’s degree in mechanical engineering from Pune University, a master’s and a PhD from Pennsylvania State University, and an MBA from the Kelley School of Business at Indiana University.
Raghupati Singhania wasted little time signalling ambition. “I am confident that Deo will provide strong and adept leadership and steer JK Tyre on a new growth trajectory,” he said.
The company Deo inherits is no small operation. JK Tyre has a presence in over 105 countries across six continents, operates 11 manufacturing facilities, including nine in India and two in Mexico, and churns out over 35 million tyres a year. It is also part of the global RE100 initiative, targeting 100 per cent renewable electricity by 2050, and has rolled out smart tyre technology with tyre pressure monitoring systems. Its research and technology centre, the Raghupati Singhania Centre of Excellence in Mysore, anchors product development and testing.
With a PhD engineer at the helm and a growth mandate firmly in hand, JK Tyre has made clear it is not content to simply hold its road.
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Wipro to acquire Alpha Net client contracts in $70.8 million deal
Move aims to boost AI-led services and expand global client portfolio
MUMBAI: Wipro Limited has signed a definitive agreement to acquire select customer contracts from Alpha Net Consulting LLC and its subsidiaries, in a deal valued at up to $70.8 million.
The transaction is expected to be completed by June 30, 2026. The acquisition, structured as a business transfer rather than an equity purchase, will give Wipro access to key client contracts, associated workforce and strategic relationships from the Alpha Net Group. The company said the move will strengthen its AI-powered and consulting-led application services capabilities, opening up new growth opportunities.
The consideration will be paid in cash and includes a deferred earnout component linked to performance milestones. No regulatory approvals are required for the transaction, and it does not fall under related party transactions.
The Alpha Net Group, founded in 2001 and headquartered in Santa Clara, operates across the US, Singapore, India, the UK and the Netherlands, offering enterprise software development, data engineering and managed services. The contracts being acquired generated revenues of $27.9 million in 2023, $34.4 million in 2024 and $37.3 million in 2025.
With this acquisition, Wipro is sharpening its focus on high-value client engagements and AI-led services, signalling a continued push to scale capabilities in a competitive global IT landscape.
