Wipro has a reputation of being a hotbed of entrepreneurship; a magazine once listed around 100 Wipro executives who had gone on to start companies. The Congress (I) is politics’ Wipro. The Congress Y, the formation of which was announced on Tuesday by Indian politics’ enfant terrible Jagan Mohan Reddy, is at least the eighth splinter cell of the party. The actual number could be higher. With the possible exception of the Nationalist Congress Party, none of the breakaway units have fared well at the hustings.
One reason why people such as Reddy go their separate ways is not ideology, but a real or perceived slight or insult. That doesn’t seem to translate into a significant electoral difference. Not surprisingly, those Wipro execs who left only to start other undifferentiated software services firm haven’t done well.