MAM
BSH Home appliances elevates Gunjan Srivastava as asia-pacific head; Neeraj Bahl joins as new india managing director And CEO
MUMBAI: BSH Home Appliances Group, Europe’s largest home appliances manufacturer and one of the world’s leading companies in the sector today announced leadership changes at the helm of the organization with Mr. Gunjan Srivastava, Managing Director & Chief Executive Officer elevated as Head of BSH Region Asia-Pacific headquartered at Singapore.
Over the last five years, Gunjan has been instrumental in spearheading BSH India’s growth in a competitive consumer durables category by firmly establishing its three flagship brands – Bosch, Siemens and the most recently launched luxury brand – Gaggenau. Today, BSH India is a strong contributor to the company’s global vision and growth trajectory witnessing double digit growth as well as cementing the brand’s presence in new product segments. In his expanded role, Gunjan’s mandate will encompass running BSH’s business across the Asia-Pacific region including India, South East Asia, Australia and New Zealand.
His successor, Mr. Neeraj Bahl joins BSH Household Appliances as the MD and CEO starting
July 01, 2019 from Panasonic India Pvt. Ltd where he was the Group Chief Sales for Retail and Online. In his role as the Business Head for Consumer Electronics at Panasonic, he was responsible for increasing sales of TV panels from a mere 3% to over 10% market share within a span of six-seven years. He greatly contributed in expanding the company’s sales network from 5000 to more than 15000. His achievements include the successful launch of XXL panel in 2016, launch of the OLED range of panels in 2018 with Ranbir Kapoor as the brand ambassador, the Viera Shinobi pro series panels and the relaunch of Panasonic urban audio in 2017. During his significant tenure of more than 25 years, Neeraj has also worked with leading global organizations including Samsung Electronics, LG Electronics and Electrolux India bringing vast industry experience.
Commenting on his new role at BSH, Gunjan Srivastava – Head of BSH Region Asia-Pacific said, “The last five years as BSH’s India head have been an enriching experience establishing its credentials as well as becoming the first triple brand player catering to varied customer segments, expanding/doubling our market footprint, fortifying our presence in established verticals as well as introducing new categories. I am excited to take on my new role and the incredible opportunities it brings, strengthening BSH brand and product presence in the APAC region. I wish Neeraj Bahl success as BSH India readies for its next phase of growth.”
The newly-appointed India head, Neeraj Bahl said, “Within a short span of time, BSH Household Appliances has become a strong brand bringing the best of German Engineering along with localized appliances for Indian consumers. With a unique three brand strategy with Bosch, Siemens and Gaggenau, the company’s robust manufacturing capabilities and innovative product portfolio, I am excited to carve the future of BSH India as well as reinvent and simplify daily lives of consumers across the country with a strong focus on India’s tier II & III cities as well.”
Brands
Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
