Wipro executive to become CIO of India's Premji Invest

Kurien will resign his position at Wipro effective January 31, according to a release, and will take over at Premji Invest the following day. He succeeds Prakash Parthasarathy, who has decided to leave Premji and become an entrepreneur.

Kurien joined Wipro in 2000, after three years as managing director of GE X-Ray. He has headed various divisions within the company, including consulting arm Wipro Consulting Services and business process outsourcing division Wipro BPO. Kurien assumed his current position in 2011.

Parthasarathy has been with Premji Invest since its founding in 2006 and has overseen investments in more than 40 companies, including online fashion retailer Myntra, in which the firm invested $24.8 million in 2014. Myntra was acquired later that year by Indian e-commerce giant Flipkart at a reported valuation of around $300 million.

Along with Myntra, Premji Invest has backed a number of technology-based companies in recent years both within India and overseas. These include US-based mobile operating system Cyanogen, field service software developer ServiceMax, and Indian online eyewear retailer Lenskart.

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