Wipro's investments in next gen programmes, overseen by Rishad Premji's strategy office, could soon be spun off into a separate entity. The programme called H2H3 (Horizon 2, Horizon 3), operates as an in-house incubator and fund identifying potent ideas that has the potential to generate substantial revenue.
H2 initiative can be looked at as a separate bucket within a few months, according to a Wipro source. IT firms are today focusing on the development of proprietary software and platforms as traditional IT services like application maintenance and development become commoditized. Such programmes are seen to require different treatment and hence are beginning to be housed in separate entities.
Wipro H2H3 programme also funded the idea of commodities trading and risk management (CTRM) platform last year. CTRM has the goal to rise up $50-million practice in three years and would drive growth across the banking and energy and utilities verticals.
