MAM
Management shuffle at HUL
MUMBAI: Hindustan Unilever Limited (HUL) has announced key changes in the management committee of the company. Subject to Unilever Indonesia’s external board approval, Hemant Bakshi, currently executive director – home and personal care, will be appointed as executive vice president (EVP) of Unilever Indonesia.
The home and personal care (HPC) business will now be organised into home care and personal care businesses in India. Samir Singh, currently global brand vice president Lifebuoy and vice president – personal care lead, south Asia cluster, Unilever, will be appointed as HUL executive director – personal care and Priya Nair, currently vice president – Laundry, HUL, will be appointed as executive director – home care. Both Nair and Singh will be part of the management committee of HUL and their appointments are effective 1 October 2014.
HUL CEO & managing director Sanjiv Mehta said, “I wish to take the opportunity to express my deep appreciation for the significant contribution that Hemant has made to the India business, both in his current role as executive director – HPC and his earlier role as executive director – CD. I would like to congratulate Hemant on his move to Unilever Indonesia and wish him all the best in his new assignment.”
Nair joined the company in the consumer insights team in 1995, where she brought with her a diverse and rich experience including customer development and marketing. In her earlier roles, she has worked across various brands such as Dove, Axe, Rexona, Closeup, Pepsodent. As VP home care she has been leading the entire detergents portfolio of HUL. More recently, she has led the launch of HUL’s path breaking rural mobile marketing initiative ‘Kan Khajura Tesan’ which received three Gold Lion awards at the 2014 Cannes Lions International Festival of Creativity.
Singh on the other hand joined Unilever in 1997 as a management trainee in India. He has worked across many brands including Fair & Lovely, Vaseline, Ponds and has also worked in Foods in Customer Development in India.
For the past four years Singh has been the global brand vice president for Lifebuoy and a member of the Global Category Leadership Team for skin cleansing. In this role, he has led global strategy, innovation and communication for Lifebuoy in more than 30 key countries across the world. He was also the personal care cluster lead for south Asia in 2014.
“We have reorganised the home and personal care business into two separate businesses to ensure focus on the growth drivers for each of these businesses. I am pleased to welcome Priya and Samir to their new roles. Both bring with them rich and diverse marketing and business experience in Unilever. Priya joined HUL in 1995 and has worked in roles across marketing, customer development and CMI. Samir joined HUL in 1997 and has worked in various roles in HUL and across the regional and global Unilever organisation,” he added.
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.
