IT Industry Executive, Venture Partner, Independent Director, Strategic Advisor(Feb 1992 - Till Now)
Over the course of a 28 year long distinguished career in the global IT services industry Abid has established a reputation for bold transformative thinking, a laser focus on results and an unwavering commitment to maximizing stakeholder value. During a progression of several leadership roles he has displayed a consistent ability to align and motivate his organizations to envision and deliver latest technology as it unfolds, resulting in market differentiation, rapid scaling and industry leading profitability.
Abid began journey when he joined Tata Consulting Services (TCS) in 1992 out of campus at IIT Bombay. A time of rapid acceleration in the nascent Indian IT services industry, Abid quickly rose through the ranks, from software engineer, to sales, establishing new global delivery models, pioneering software engineering processes, running P&Ls, and conceptualizing entirely new businesses. He established TCS as an essential strategic partner to its clients, resulting in a number of mega-deals with large global enterprises across multiple industries. Post the GFC, Abid took the mantle of building a new business and under his leadership TCS’s BPO business scaled to $2 billion in less than ten years.
In 2015, he joined Wipro as its COO, and was soon promoted to CEO and then to Managing Director. Overseeing over $8 billion in revenues and 185,000 employees, Abid’s mandate was to lead the company into its digital future while building a more diversified and profitable core. Seeing opportunities to enhance Wipro’s agility and customer centricity, he implemented a strategy that focused on stronger client partnerships and investing in digital-first and next generation capabilities, while strengthening execution and driving deeper employee engagement. Abid took assertive action in divesting non-core businesses; focusing on digital services, which grew to 40% of overall revenues at a 35% CAGR; improving customer satisfaction by 1000 bps; and diversifying the business by entering into new verticals, service lines, & geographies organically and through acquisitions.
A believer in the impact of brand and culture on top line, bottom line and balance sheet performance, Abid led a strategic effort to rebrand Wipro while concurrently streamlining and modernizing the company and promoting a culture of innovation. In his quest to establish next generation paradigms he sponsored a first of its kind venture fund and piloted an enterprise crowd-sourcing platform that will become a benchmark for the future of work in the IT services industry post-COVID. Always focused on talent development, Abid drove the creation of deep capabilities in human-centric design, cloud, artificial intelligence, and hyper-automation. And continuing his track record of delivering mega-deals, he personally spearheaded the largest deal in Wipro’s history, a $1.5 billion outsourcing contract with Blackstone-owned Alight Solutions.
A statesman of the technology services industry and a thought leader advising Global CIO’s on Digital Transformation, in June 2020 after retiring from Wipro, he joined Dallas Venture Capital as a Venture Partner bringing in rich experience in business and technology to the portfolio companies and mentorship to the founders as strategic advisor.
Over a remarkable career spanning multiple countries and organizations, Abid has established himself as a humble, inventive and passionate leader, focused on helping his clients, employees and peers realize the power of technology. He is equally passionate about the community and his family. He currently serves on the boards of Virtusa (VRTU) as a non-executive director and on the boards of the Texas Economic Development Corporation and the World Affairs Council of DFW. He was a member of the Business Roundtable in Washington DC and a member of the Indo-US CEO forum. He lives in Dallas, Texas, with his wife of 26 years and three children in college and beyond.
• Awards and Recognition: BPO CEO of the Year 2010 & 2012
• Personal Contribution to Industry Award Shared
• Services Organization of IPQC 2012
• Elevate Texas Award 2017
• Distinguished Alumni Award 2020 IIT Bombay
Updated: June 2020
Moderator - Gowri Shankar
Serial Entrepreneur, TiE Seattle Board Member and Chair, Z5 Catalyst(May 2012 - Till Now)
A serial entrepreneur and experienced executive who has grown companies and teams. A strong business development professional, skilled in SaaS, Mobile Advertising, Mobile content, E Commerce and Venture Capital.