MAM
MAGNONTBWA beefs up senior team
MUMBAI: Post its acquisition by Omnicom’s TBWA, MAGNONTBWA has strengthened its digital capabilities with three senior level appointments in web/mobile technology, social media as well as client development functions.
The appointments come as the agency’s preparations to strengthen its presence in the capital and also penetrate tier two cities in North India.
The agency has got on board KN Ajit Narayan as group director, social media marketing, Paurush Pandit as group director, web/mobile technology and Alok Garg, associate vice president, client development for MAGNONTBWA.
Garg comes with over 16 years of strong experience in client acquisition and managing key customer relationships. His digital experience is rich and vivid and he has led business teams at independent digital agencies in the past. He will be spearheading the client acquisition team for MAGNONTBWA in the Delhi NCR region. He will also be responsible for setting up MAGNONTBWA offices in key northern Indian cities like Lucknow and Chandigarh, and drive MAGNONTBWA’s penetration in tier two Indian cities.
Narayan moves in from Interactive Avenues, where he was managing social media offerings for a range of clients. He has worked with several leading as well as startup organizations and has experience in new media marketing including online reputation management (ORM), social media marketing (SMM), SEO, content management and user acquisition. Apart from managing the group profile, he will also actively coordinate on account management for SMO services, social media consulting and campaign execution.
Pandit is a technology evangelist with over 10 years of experience in both start-ups as well as large organisations. In the past he has worked in with Makemytrip.com and Yatra.com. He specialises in web user interface design, development, optimization, usability and web marketing. At MAGNONTBWA, he will be operating at the group level and will be responsible for driving technology excellence on both web and mobile platforms, across the board.
MAGNONTBWA and MAGNON E-GRAPHICS founder and group CEO Vineet Bajpai said, “At MAGNONTBWA, people have always been central to strategy. As digital media evolves, agencies and marketers will need to find new innovative approaches to connect brands and consumers. The team expansion at Magnon is in sync with the current and potential opportunities and challenges. MAGNONTBWA stands committed to offering best-in-class interactive media solutions to our clients.”
These hirings have been carried out for both MAGNONTBWA as well as MAGNON E-GRAPHICS, the agency’s international digital delivery arm.
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.
