Monday, October 30, 2006

Vivek Paul

Vivek Paul (born 1958), an alumnus of BITS Pilani, and until recently the Vice Chairman of Wipro Limited and CEO of Wipro Technologies in India, was declared among the best managers in the world by the Business Week in 2004. He was also named by Time and CNN amongst the most influential business persons in the world. In 2005, he was named among the top 30 CEO's in the world by Barrons.

Paul joined Wipro in 1999 as Vice Chairman of the company and CEO of its global information technology, product engineering, and business process services segments. Paul grew this business from under $150m in revenue to over $1b in 6 years.He was the highest paid Indian Executive during this term.

Prior to this role, Paul was employed at GE for 10 years, where he was running GE's Global CT (Computerized Tomography) business, reporting directly to the current Chairman of GE.

Paul also served as President and CEO of GE’s medical equipment joint venture in India. The joint venture was recognized by GE as among one of its best joint ventures in the world, and subsequently by the Economist as the best joint venture in Asia. Paul set up local distribution (direct and indirect) and service networks, and built manufacturing and design capability, making the joint venture a leader in its served market, a global source for ultrasound for GE, and India’s largest exporter of high value engineering goods.

Prior to working at GE, Paul worked at Bain & Co., Boston, and at PepsiCo Inc., Purchase, NY. Paul received an MBA from the University of Massachusetts and a Bachelor of Engineering degree from BITS, Pilani, where he was also captain of its swim and water-polo teams. He went to the prestigious St. Columba's School in New Delhi.

On May 5, Wipro vice chairman Vivek Paul walked into the second floor Bangalore offices of Wipro executive vice president (human resources), Pratik Kumar. The meeting was unscheduled.

Paul told Kumar about a certain sense of 'restlessness' that had seized him lately. He disclosed how he 'was evaluating to do something else'. Kumar thought Paul was at a stage 'where he wanted to make a decision'.

After the conversation, Kumar lost no time in speaking to Wipro chairman Azim Premji on what had transpired between him and Paul. Premji seemed to be aware of what was going on in Paul's mind. He simply expressed his quiet disappointment to Kumar.Read More Here

Setting to rest weeks of speculation, Wipro, on Thursday announced that its vice chairman Vivek Paul was leaving the company to join as a general partner in the private equity firm, Texas Pacific Group (TPG), which has $15-bn of funds under management with over $3-bn invested in technology and telecom globally.Read More

1 comment:

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In this modern world the art of Management has become a part and parcel of everyday life, be it at home, in the office or factory and in Government. In all organizations, where a group of human beings assemble for a common purpose irrespective of caste, creed, and religion, management principles come into play through the management of resources, finance and planning, priorities, policies and practice. Management is a systematic way of carrying out activities in any field of human effort.

Its task is to make people capable of joint performance, to make their weaknesses irrelevant, says the Management Guru Peter Drucker. It creates harmony in working together - equilibrium in thoughts and actions, goals and achievements, plans and performance, products and markets. It resolves situations of scarcity, be they in the physical, technical or human fields, through maximum utilization with the minimum available processes to achieve the goal. Lack of management causes disorder, confusion, wastage, delay, destruction and even depression. Managing men, money and materials in the best possible way, according to circumstances and environment, is the most important and essential factor for a successful management.