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Wipro Q4 profit up 2.1%; Rishad Premji elevated to board

IT major Wipro Ltd Tuesday elevated its Chairman Azim Premji's son Rishad to the company Board in an apparent succession planning on a day it posted 2.1 percent increase in March quarter profits.

Rishad premji's appointment represents shareholder interest: Wipro

Rishad for long has been talked about as the natural choice for taking over the company's operations and the move will bring him closer to the top spot at the country's third largest IT services firm.

Azim Premji's son Rishad Premji joins Wipro Board

Rishad has for long been speculated to be a natural choice for taking over the company's operations.

Premji says son will not be CEO of Wipro

Rishad, 35, joined Wipro in 2007 as Business Head for Special Projects in the banking and financial services vertical and rose to become Chief Strategy Officer three years later.