Wipro's Capco deal: A good target but the devil lies in the execution

Is CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI space by acquiring Capco for $1.45 billion a step taken too soon?

From the beginning of 2021 Wipro has moved on to a new organisational structure. Analyst tracking the company are now wondering if CEO Thierry Delaporte’s attempt to bolster Wipro’s presence in the BFSI space by acquiring Capco for $1.45 billion is a step taken too early.

Though many agree that Capco as a target may be good, but Wipro, which has been the most aggressive player in acquiring firms compared to its Indian players, does not have much to show in terms of performance as it continues to lag peers.

Girish Pai, head of research, Nirmal Bang says in his