Azim Premji, one of the stalwarts of the Indian IT industry, is credited for diversifying Wipro, originally a manufacturer of vegetable and refined oils in Amalner, district Jalgaon in Maharashtra.

Premji's son Rishad, who heads strategy, has lately been orchestrating some big moves, notably a $195 million acquisition of atco I-Tek, the IT services arm of Canada's atco. In July, Wipro set up ...