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Ronojit Biswas to take charge as GSK Pharma CFO
Juby Chandy exits for Apac finance role; shares slip 0.97 per cent
MUMBAI: GlaxoSmithKline Pharmaceuticals Limited on Monday named Ronojit Biswas as whole-time director and chief financial officer for a three-year term starting 1 April, 2026, signalling a steady internal succession at the drugmaker’s India arm.
Biswas will replace Juby Chandy, who steps down as whole-time director and CFO on 11 March, 2026, after being elevated to lead Apac finance within the wider GSK Group.
A company lifer, Biswas joined GSK in India in 1999 as a management trainee and has since built a 25-year career across India, Vietnam, Singapore, Brazil and the UK. Most recently, he served as senior finance director – global product strategy, based in Singapore.
He has previously held CFO roles in Brazil and Vietnam and was regional controller for GSK’s international region, overseeing financial reporting, performance management and internal controls: a portfolio that sharpened his exposure to global compliance and capital discipline.
Biswas holds a postgraduate degree in management (finance) from Management Development Institute, Gurugram, and a bachelor of commerce (honours) from St. Xavier’s College, Kolkata.
Shares of the company were trading at Rs 2,545.00, down Rs 25.00, or 0.97 per cent, at 12:40 pm, reflecting a muted market response to the boardroom reshuffle.
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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.
