MAM
Prasuma strengthens its leadership ranks, promotes Lisa Suwal to CEO
Mumbai: Momo brand Prasuma has announced the promotion of Lisa Suwal from chief growth officer to chief executive officer. At the helm of the company, Lisa will now oversee the fast-growing brand’s top-line, bottom-line, profitability, and overall management.
The daughter of Prasuma’s founder Mehendra Suwal, Lisa will also ensure that the company’s mission and vision are thoroughly implemented across its operations.
Having been the driving force behind the launch and resounding success of Prasuma Momos, she brings a wealth of FMCG, e-commerce, dynamic brand building experience, strategic insight, and passion to the CEO position. With strong people management skills and the ability to bring ideas to fruition, Lisa has been viewed as the right person to take the brand’s legacy forward.
“I am thrilled and proud to pass on the mantle of my beloved business to the most capable person I could think of. Coincidentally, she happens to be my daughter,” commented Prasuma founder Mahendra Suwal. “The time is right, the business is on the verge of being ripe. I wish her nothing but the best and am sure that with her leadership this business will reach heights that it has never seen before.”
This year, her first as CEO, Lisa looks forward to driving sales and distribution for the brand by onboarding more retail channels and partners while also unlocking strategic product diversification. In the next five years, she envisions Prasuma becoming a global food brand, bringing joy and nourishment to families, enriching lives with extraordinary food, said the statement.
“Creating categories and launching first to market innovations have been the hallmark of our business. We were (Prasuma) the first ones to bring fresh and chilled deli meats to India and I am proud to have been able to contribute to that tradition with the launch of India’s first and most loved frozen momo Blbrand,” said Lisa Suwal. “I am grateful for this opportunity as I know how valuable it is given the value that I know we will create. I look forward to the journey ahead, more mouthwatering, high quality products, more consumers, and definitely more consumer love. This is just the beginning!”
Launched in 2019, Prasuma Momos has an omnichannel model with distribution across 70 cities. In 2021, on the back of growing consumer demand, the brand’s distribution footprint almost tripled, increasing from 40 to 70 cities. Its retail presence went from 1000 to 5000 stores over the past year. Prasuma is available in all top modern retail chains as well as e-commerce platforms.
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.
