Wipro said on Thursday that its founder Azim H Premji would retire as executive chairman and managing director by the end of July. Mr. Premji - India's second richest man - will continue as a non-executive director, the company said in regulatory filing aftermarket hours on Thursday.

His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.

Wipro said on Thursday that its founder Azim H Premji would retire as executive chairman and managing director by the end of July. Mr. Premji - India's second richest man - will continue as a non-executive director, the company said in regulatory filing aftermarket hours on Thursday.

His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.