MAM
Tenon Group announces key management changes
Mumbai: Tenon Group, a market leader in the integrated security & facility management industry with a strong presence in India, UK, and Singapore, has announced the new strategic roles and assigned new responsibilities at the group level.
Tenon Group of Companies is a conglomerate of three market leaders with a strong foothold in global space: Tenon FM, Peregrine Guarding, and Soteria (Remote monitoring and surveillance service provider via Internet of Things (IoT) devices and Artificial Intelligence).
Sandeep Gupta has been elevated & appointed as global CEO of Tenon Group, taking over the charter of strategising the business at group level & growing the market presence in the coming years. Sandeep has been working with the group as global CFO from past six years & has contributed to the overall profitability & turnover enhancement.
Taking over the responsibilities of the facility management business, Rakesh Tripathi has been appointed as CEO, Tenon FM. Tripathi has been with the organisation since 2006 and has consistently contributed to the growth trajectory in security business.
In another significant role, Siddharth Jha has been elevated as director at Soteria-the technology arm of Tenon Group. Jha has been a core part of the inception team of Soteria since 2014 and has immensely contributed to its success.
In the announcement, Tenon Group global chairman Major Manjit Rajain said “Since our inception, we have come a long way. It’s been a wonderful 28-year journey with everyone’s contribution. I want to congratulate on the new and bigger responsibilities given to each individual. We hope and ensure that we will keep delivering quality services to our valuable customers. I want to thank all our staff members and distinguished stakeholders for this outstanding achievement.”
The company has also announced the shift in roles at the regional levels. Brig. Sunil Kumar NV will now be working as the director at Peregrine Security in the East Region of the country, including West Bengal, Orissa, North-East, Andhra Pradesh & Telangana.
Additionally, Sanjay Varma will now be the director of Peregrine Security in the South Region including the regions of Karnataka, Tamil Nadu, and Kerala.
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.
