New Wipro chief Rishad Premji likely to place big bets on product space

Rishad Premji will take over as chairman from July 31

As Rishad Premji gets set to take on the mantle of Wipro chief, the IT services firm is likely to come up with some aggressive moves to get its growth momentum back in the coming quarters. Experts said big bets were expected in the new technologies and the product and platform verticals.

Wipro was number three in the domestic IT pecking order for over a decade, but it lost that position to HCL Technologies in the last financial year.

Tepid revenue growth and continuing impact of business restructuring were the primary reasons behind the IT firm lagging its peers.

"Rishad will do a