MAM
ZFunds bolsters its leadership with two new appointments
Mumbai: Mutual fund distribution platform ZFunds on Monday announced two new leadership appointments as the company expands its footprints. While Yogesh Yadav joins as the chief technology officer (CTO), Tanvi Jadhav is the new head of products.
The appointments strategically enable the platform in the distribution of financial products in tier-2, 3 and 4 cities and rural India through its experts, ZFunds said in a statement.
“We are pleased to welcome Yogesh and Tanvi on board. Their belief in new-age start-ups like ours despite their backgrounds with long-standing organisations is heartening,” commented ZFunds co-founder and CEO Manish Kothari. “At ZFunds, we are proud of our culture of meritocracy, customer-centricity, growth, and diversity. These attributes serve us right in our mission of making purchases of financial products and decision making Sahi (Right) and Asaan (Easy) in the 500 bottom-most districts of India.”
Yadav has extensive experience in software engineering and joins ZFunds from ByPrice-Mexico where he worked as a CTO. Before ByPrice, he worked with the leading e-comm player in Latin America; Linio. Beyond work, he utilises his experience in blockchain for an in-depth study of trends in cryptocurrency. He holds a B-tech from Delhi College of Engineering. “At ZFunds we have built tech products simple and easy. It allows people from lower-economic-rung to invest in Gold and Mutual Funds and thus help the Indian economy grow. I have had an offer from a global giant too but I chose to refute it,” said Yogesh Yadav, on joining ZFunds.
Jadhav comes from a rich experience in the fintech industry, with past stints at InCred Financial Services, Paisabazaar, HealthKart and Kotak Mahindra Bank, where she played a crucial role in building digital products. She is a graduate of IIT Guwahati with a bachelor’s degree in mathematics and computing. “For me, the option of heading the products at ZFunds was more than merely a professional pursuit. Instead, I took it as an opportunity to participate in a financial reform of sorts for our society. I am looking forward to being part of the vibrant team and driving digital-first innovations,” stated Tanvi Jadhav.
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.
