Tariq Premji joins board of Wipro Enterprises
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BENGALURU: Tariq Premji, the younger son of Wipro chairman Azim Premji, has been appointed to the board of Wipro Enterprises, the $1.23 billion privately held non-IT business that makes soaps such as Santoor and builds aerospace sub-systems for plane makers like Airbus and Boeing.
The 30-year-old, who started off working in the family investment arm Premji Invest and also spent considerable time in the philanthropy initiatives of Premji, joined the Wipro Enterprises board effective June 1, according to regulatory disclosures.
Wipro Enterprises, which runs a strong consumer care and lighting business with operations in India, Southeast Asia and West Asia, owns brands such as Santoor, Chandrika and Yardley. Its infrastructure engineering business builds hydraulics equipment for construction and earthmoving companies, and is among the largest independent hydraulic cylinder manufacturers in the world. The firm made a profit of Rs 950 crore on revenue of Rs 8,248 crore in fiscal 2017, according to latest financial disclosures.
Tariq Premji’s independent objective view will add to the board’s deliberations, a Wipro Enterprises statement said.
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