Over the course of a 3 decade long & distinguished career in the technology industry Abid has established a reputation for bold transformative thinking, a laser focus on results and an unwavering commitment to maximizing stakeholder value. He has displayed a consistent ability to align and motivate his organizations to envision and deliver business results leveraging technology as it unfolds, resulting in market differentiation, rapid scaling and industry leading profitability.
Abid is currently investing and mentoring next generation technology software and services companies as Co-founder of Dallas Venture Capital and as Chairman and CEO of Compass Digital Acquisition Corp (CDAQU).
Abid began his journey with 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, but what he enjoyed most is conceptualizing and building new businesses and doing transformational mega deals. Post the GFC, Abid took the mantle of building a new business and under his leadership TCS’s Digital Ops business scaled to $2 billion in less than ten years and has to his credit personally leading many mega deals each of them billion dollar plus.
In 2015, he joined Wipro as its COO, and was soon promoted to CEO and then to Managing Director. Overseeing over $9 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. He implemented a strategy that focused on stronger client partnerships and investing in digital-first and agile capabilities, while strengthening execution and driving deeper employee engagement. Abid took assertive action in divesting non-core businesses; acquiring digital capabilities resulting in Wipro’s digital business growing to 40% of overall revenues at a 35% CAGR over his 5 years along with improving customer satisfaction by 1000 bps and signing Wipro’s largest deal to date.
A believer in the impact of brand and culture on business 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.
In June 2020 after retiring from Wipro, he joined the board of Virtusa (VRTU) which was battling activists. He was a part of the team that helped exit the company to Barings Asia PE at a 28% premium to its public market valuation.
Over a remarkable career spanning multiple countries and organizations, Abid has established himself as a humble, 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 has served on various non-profit boards including Texas Economic Development Corporation and the World Affairs Council of DFW. He has been a member of the Business
Roundtable in Washington DC and of the Indo-US CEO forum. He lives in Dallas, Texas, with his wife of 26 years and three children in college and beyond.
