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    Wipro appoints former SBI chairman Arundhati Bhattacharya as independent director

    Wipro appoints former SBI chairman Arundhati Bhattacharya as independent director

    Wipro appoints former SBI chairman Arundhati Bhattacharya as independent director
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    By CNBC-TV18  IST (Updated)

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    Bhattacharya’s appointment is for a period of five years and is subject to shareholder approval. On October 18, 2018, Reliance Industries Ltd (RIL) had appointed Bhattacharya as an independent additional director of the company.

    IT major, Wipro, on Wednesday appointed former State Bank of India (SBI) chairman Arundhati Bhattacharya as an independent director of the company beginning January 1, 2019.
    "... the Board of Directors of the company at its meeting held on October 24, 2018, approved the appointment of Arundhati Bhattacharya as an Additional Director in the capacity of Independent Director for a term of five years with effect from January 1, 2019," it said in a separate filing.
    Commenting on her appointment, Bhattacharya said, "I am delighted and privileged to be invited to join the board of Wipro Ltd., an organisation which is globally respected both for its technology leadership and its unflinching commitment to values. I look forward to contributing to the company's growth charter.
    Bhattacharya’s appointment is for a period of five years and is subject to shareholder approval, the company said.
    On October 18, 2018, Reliance Industries Ltd (RIL) appointed Bhattacharya as an independent additional director of the company.
    "Arundhati Bhattacharya is appointed for a period of five years commencing from October 17, 2018, subject to approval of the shareholders," RIL said in an exchange filing.
    She is also an advisor to India-focused private equity firm ChrysCapital Advisors.
    Bhattacharya, 62, was the first woman chairman of SBI. She also has hands-on experience in India's financial sector of working across varied roles and diverse national and international locations.
    Forbes magazine has ranked her 25th in their list of "most powerful women in the world" and fifth in "the most powerful women in finance" category in 2016. Bhattacharya has also been featured in the Fortune list of top 50 globally most powerful women in business and ranked among the top five in the Asia-Pacific region.
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    Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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