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Wipro appoints Abid Neemuchwala as COO

Wipro Ltd. on Monday announced the appointment of former Tata Consultancy Services (TCS) top executive Abid Ali Neemuchwala as the Group President and Chief Operating Officer of the company. According to a company press release, the appointment will be effective from April 1, 2015. In his previous role with TCS, Mr. Neemuchwala was heading the Business Process Services globally. Apart from this, he was also involved in several leadership roles during his 23-year-long career with TCS.

In his role in Wipro, Mr. Neemuchwala will head the service lines of Global Infrastructure Services, Business Application Services, Business Process Services, and Advanced Technology Solutions. He will also head Business Operations; the geographies comprising Continental Europe, Africa, and Latin America; Strategic Engagements, Advisor Relationships as well as the Marketing function, the company added.

Snapdeal to acquire GoJavas for Rs.200 crore.

Online marketplace major Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be about Rs.150-200 crore, as it looks to further strengthen its delivery operations. According to sources, Snapdeal is expected to announce the acquisition of the former logistics arm of e-tailer Jabong in the next two weeks.

The deal size could range between Rs 150-200 crore, they added.

When contacted, a Snapdeal spokesperson said: “These are speculations and as a policy, we do not comment on speculations.”

GoJavas did not respond to the email query.

2,500 pincodes

GoJavas, which works with e-commerce firms such as HealthKart, Jabong, Yepme and Lenskart, covers over 2,500 pincodes in the country.

Founded in 2010, Snapdeal has over 25 million registered users and more than 50,000 business sellers. Currently, it does not have a captive delivery arm and relies on third party logistics.

The city-based e-commerce firm, which raised about $1 billion last year, including $ 627 million from Japan’s SoftBank, has been scouting for acquisitions in mobile technology and supply chain space.

Snapdeal co-founder Kunal Bahl had indicated that the target companies would be across sizes, ranging from less than $ 1 million (about Rs 62 lakh) to $ 100 million. The company has invested in setting up fulfilment centres to smoothen its delivery operations.

Currently, it has 50 such centres across 20 cities and plans to expand this to 75 in 30 cities in the next few months.