Wipro and CrowdStrike Expand Alliance to Launch AI-Powered CyberShield MDR

Organizations today face an overwhelming volume of alerts from siloed security tools that fail to stop adversaries. Fragmented security operations across endpoints, cloud workloads, identity, and data drive complexity, increase costs, and create operational blind spots. Wipro CyberShield MDR, powered by CrowdStrike Falcon® Next-Gen SIEM, addresses these challenges by enhancing threat visibility, simplifying operations, and strengthening resilience against evolving threats.

Falcon Next-Gen SIEM combines native Falcon platform and third-party data with real-time threat intelligence and AI-powered automation to supercharge threat detection and response across the enterprise. Leveraging Falcon Next-Gen SIEM and Wipro's global ecosystem – along with Wipro Ventures’ portfolio companies Simbian and Tuskira – CyberShield MDR delivers intelligent defense, proactive breach protection, continuous detection, and rapid response to keep organizations resilient and future-ready against AI-driven threats. Wipro’s cybersecurity experts will manage and host the services from eight Cyber Defense Centers (CDCs) strategically located around the globe.

“Wipro’s CyberShield platform, powered by CrowdStrike’s AI-native product suites and strengthened by our security ecosystem will help enterprises contain threats swiftly and ensure continuity of digital operations,” said Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro Limited. “This integrated platform approach enables AI automated workflows, prevents lateral threat movement, and eliminates potential security gaps that fragmented solutions often miss.”

“The Falcon platform supercharges Wipro’s CyberShield Managed Security Services to deliver real-time attack detection, faster response and outcomes that stop breaches,” said Daniel Bernard, Chief Business Officer, CrowdStrike. “Together, we’re simplifying operations across Wipro’s ecosystem of partners — reducing costs, accelerating time-to-value and giving customers the confidence to stay ahead of today’s adversaries.”

Wipro CyberShieldSM MDR unified MSS will be launched at CrowdStrike Fal.Con 2025.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. Wipro Innovation Network, which brings together our clients, partners, academia, and tech communities, reflects our commitment to client-centric co-innovation. As a part of this, the Innovation Labs and Partner Labs, located across the globe, allow us to collaborate with clients to solve real-world challenges and showcase cutting-edge industry solutions that explore the future of technology. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Wipro to Acquire Harman’s DTS Unit for $375M, Expanding Global ER&D Capabilities

Wipro has announced a landmark agreement to acquire the Digital Transformation Solutions (DTS) business unit of Harman, a Samsung company, for $375 million. This strategic move is set to significantly bolster Wipro’s global Engineering Research & Development (ER&D) capabilities.

Since 2017, Harman has operated as an independent subsidiary of Samsung Electronics, leveraging Samsung’s global scale and R&D capabilities to accelerate innovation. Beyond audio, Harman is deeply involved in connected car systems, enterprise automation, and IoT solutions, making it a key player in the evolution of digital lifestyles and smart mobility.

Key Highlights of the Acquisition

Aspect	Details
Deal Value	$375 million (approx. ₹3,300 crore)
Expected Closure	By December 31, 2025
Employee Transition	5,600+ DTS employees across 14 countries
Strategic Partnership	Multi-year collaboration with Harman and Samsung

Why DTS Matters

• Expertise in AI-native platforms and autonomous agent frameworks
• Strength in connected products and domain-led design
• Focus on digital and device engineering
• Serves high-growth sectors: tech, aerospace, healthcare, industrial, consumer

Strategic Impact for Wipro

• Expanded ER&D portfolio with consulting-led engineering services
• Enhanced global footprint across Americas, Europe, and Asia
• Accelerated innovation and reduced time-to-market
• Deeper integration of physical and digital systems

Leadership Commentary

“Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey,” said Srini Pallia, CEO of Wipro.
“Together, we’ll accelerate digital innovation, reduce time-to-market, and sharpen competitive advantage.”

“This agreement unlocks the next chapter for DTS,” added Christian Sobottka, CEO of Harman.
“As part of Wipro, DTS will have the scale and ecosystem needed to expand its impact.”

Wipro has steadily built a reputation for strategic acquisitions that expand its capabilities in engineering, consulting, and digital transformation.

Earlier in 2025, Wipro also acquired Applied Value Technologies for approximately ₹339 crore. This acquisition focused on IT modernization and cloud-native solutions, reinforcing Wipro’s commitment to digital infrastructure and agile transformation.

In 2022, Wipro acquired Rizing, a global SAP consulting firm, to deepen its enterprise transformation capabilities. This followed its landmark $1.5 billion acquisition of Capco in 2021, a major consulting firm in the financial services sector. Capco gave Wipro a strong foothold in digital banking and regulatory technology, significantly enhancing its consulting depth.

Wipro’s engineering ambitions were evident in its 2019 acquisition of International TechneGroup Incorporated (ITI), a specialist in digital engineering and CAD interoperability. This complemented its earlier acquisition of Appirio in 2016 for $500 million, which brought in expertise in cloud services and integration with platforms like Salesforce and Workday.

In 2015, Wipro acquired Designit for €85 million, marking its entry into strategic design and customer experience innovation. This acquisition helped Wipro blend design thinking with digital transformation, a capability increasingly sought by global clients.

Together, these acquisitions reflect Wipro’s deliberate pivot toward high-margin, innovation-led services. From cloud and SaaS to ER&D and consulting, Wipro has positioned itself as a global leader in AI-powered engineering, enterprise modernization, and customer-centric digital solutions.

Indian IT Giants Hold Their Ground Amid AI Disruption: What “Moats” Really Mean

Artificial Intelligence (AI) is changing the way businesses operate—from automating customer service to writing software code. But despite the buzz, India’s top IT services firms like TCS, Infosys, Wipro, and HCLTech are not just surviving—they’re evolving. Their secret? Something called a “moat.”

What Is a Business “Moat”?

Imagine a castle surrounded by a deep, wide trench filled with water—that’s a moat. In business, a moat is a company’s unique advantage that protects it from competitors. It could be anything: strong brand reputation, loyal customers, proprietary technology, or deep industry expertise.

The wider the moat, the harder it is for rivals to steal market share.

Indian IT Firms: Moats Still Intact

• Infosys has been upgraded to a “wide moat” rating due to high returns and deep expertise in cloud and AI services. Clients find it hard to switch because of trust and complexity.
• TCS holds a wide moat thanks to long-term client relationships and domain knowledge across industries like banking and healthcare.
• Wipro holds a “narrow moat” and is expanding partnerships with cloud and cybersecurity firms to stay competitive.

AI Is a Threat—But Also a Tool

• Contact centers are seeing up to 75% reduction in headcount due to AI chatbots.
• Software development is becoming faster, with AI cutting manual coding by 25–30%.
• Firms are shifting to outcome-based pricing, where clients pay based on results, not hours.

New Growth Areas: Services & Geographies

• Expanding into new markets like Europe and India.
• Offering AI-led services such as predictive analytics and smart automation.
• Building ecosystems with cloud giants like Microsoft and AWS.

Challenges Ahead

• Margins are under pressure due to slower deal-making and rising costs.
• Companies are delaying salary hikes and cutting admin expenses.
• Reskilling employees and hiring AI talent is now a priority.

Q1 Performance Snapshot

Company	Revenue Growth	Profit Growth	Key Insight
TCS	+1.3%	+5.9%	Demand slowdown due to global uncertainty
Infosys	+7.5%	+8.6%	Strong AI-led solutions driving growth
Wipro	+0.8%	+9.8%	BPO-heavy model facing AI disruption
HCLTech	+8.1%	N/A	AI boosting efficiency but squeezing margins

Final Thought

AI is not the end of Indian IT—it’s the next chapter. These firms are using their moats to adapt, innovate, and grow. For everyday investors and tech enthusiasts, the message is clear: Indian IT is evolving, not eroding.

EPFO 3.0: TCS, Infosys, Wipro to Build Next-Gen PF Platform for Millions

Big changes are coming to how millions of Indians manage their Provident Fund (PF). The Employees’ Provident Fund Organisation (EPFO) is building a new digital system called EPFO 3.0, and it’s bringing in the country’s biggest tech companies—TCS, Infosys, and Wipro—to make it happen.

What’s Changing?

EPFO 3.0 promises to make PF services quicker, easier, and more user-friendly. Here’s what you can expect:

• Faster Claim Settlements: No more long waits—claims will be processed automatically.
• PF Withdrawals from ATMs: You might soon be able to withdraw your PF money just like cash from an ATM.
• Update Details from Home: Need to change your name or date of birth? You’ll be able to do it online—no need to visit an EPFO office.
• OTP-Based Verification: Say goodbye to paperwork. Changes will be verified using your mobile number.
• Pension Payments from Any Bank: Pensioners under the EPS 1995 scheme will get their money from any bank, anywhere in India.
• Better Complaint System: EPFO will use technology to solve member issues faster.

Who’s Building It?

To make this high-tech system a reality, EPFO has selected TCS, Infosys, and Wipro—India’s top three IT companies known for handling large government and corporate projects.

EPFO invited companies to show interest in June 2025. After reviewing their experience and capabilities, these three were shortlisted. The final contracts are yet to be awarded, but the groundwork has begun.

What It Means for You

This upgrade means less paperwork, fewer visits to EPFO offices, and faster access to your money and services. Whether you’re a salaried employee, a pensioner, or someone planning to withdraw PF, EPFO 3.0 is designed to make your life easier.

Infosys, Wipro ADRs Rebound as Wall Street Rallies Despite Iran-Israel Tensions

In a week marked by rising geopolitical tensions between Iran and Israel, the performance of Indian tech giants Infosys and Wipro offered a surprising silver lining. Their American Depositary Receipts (ADRs) surged—Infosys by 2.2% to $18.82 and Wipro by 3% to $3.05—on the back of a broader Wall Street rally.

This market optimism emerged despite mounting concerns over Middle East instability. Typically, such geopolitical friction triggers a risk-off sentiment in global markets. Investors flee to safe havens like gold or U.S. Treasuries, while equity markets wobble. However, this time, a sharp retreat in crude oil prices appeared to calm investor nerves, signaling that market participants expect the conflict to remain contained.

For an uninitiated, an American Depositary Receipt (ADR) is a financial instrument that lets U.S. investors buy shares in foreign companies—without the hassle of dealing with overseas stock exchanges or currencies. Think of it as a passport for international stocks to trade in the U.S.

The Oil Angle and Sector Impact

Oil markets are often the first to react to Middle East disruptions. Earlier in the week, oil prices surged over fears of supply chain disruptions. But once those fears subsided and crude prices dropped, sectors reliant on stable energy costs—such as IT—regained favor. Lower oil prices reduce inflationary pressures globally and boost consumer and enterprise spending, indirectly benefiting export-oriented tech firms like Infosys and Wipro.

In contrast to traditionally sensitive sectors such as aviation and chemicals, Indian IT companies are less exposed to crude volatility. Their operational strengths lie in providing outsourced digital services, primarily to U.S. and European clients. Thus, with commodity fears cooling and investor sentiment rebounding, tech stocks found themselves on the upswing.

Wall Street Confidence Spurs Tech Momentum

The rally in Infosys and Wipro ADRs mirrored broader optimism on U.S. bourses, where all three major indices posted gains. Investors seemed willing to look past geopolitical jitters, aided by strong domestic economic data and a belief that central banks may hold interest rates steady.

This optimism extended to Indian markets as well. The Nifty IT index rose 1.6%, with all 10 of its constituents closing in the green. Foreign Institutional Investors (FIIs), often first to exit during global instability, showed signs of resilience. Domestic Institutional Investors (DIIs) continued to absorb supply, offering further support to Indian equities.

ADRs as Sentiment Barometers

American Depositary Receipts serve as a bridge between global companies and U.S. investors. For Infosys and Wipro, strong ADR performances suggest enduring investor confidence in India’s tech sector—despite international uncertainties. Since ADRs are dollar-denominated and trade during U.S. hours, they often respond faster to global news cycles than their Indian counterparts, offering early clues to market direction.

The current rebound highlights a key theme: global investors are increasingly viewing Indian IT as a defensive, stable play in times of volatility. As risk appetite gradually returns, and with macro data outweighing conflict concerns (for now), companies like Infosys and Wipro stand to benefit from their reputation as consistent performers.

Metro Renews Strategic Partnership with Wipro to Further Strengthen IT Operations

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced the extension of its partnership with Metro AG (“Metro”), an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide Metro with integrated digital services across cloud, data, application development, and AI-enabled IT support services.

Wipro has been working with Metro since 2021 as a strategic IT partner, driving a change management program that has seamlessly transformed the Company’s entire IT landscape and significantly improved the efficiency of business operations. Aligning with Metro’s cloud-first strategy, and partnering with multiple hyperscalers, Wipro has successfully completed the migration of 80 percent of Metro's on-premise infrastructure to the cloud. The transformation has significantly increased the company’s ability to respond to customer needs with agility and speed, enhanced cyber resilience, and helped Metro reduce its carbon footprint.

As part of the extended engagement, Wipro will continue to support Metro’s digital transformation, leveraging the power of cloud, advanced analytics, automation, and Gen-AI-powered solutions. This will be carried out in close collaboration with Metro's internal teams, ensuring alignment with business priorities. The extension of the service contract will enhance security and scalability, ensuring uninterrupted and future-ready business operations. Wipro will also contribute to Metro’s data and AI strategy, with cost-efficient bespoke solutions as well as through data management and governance use cases.

“Our partnership with Wipro has helped us strengthen our IT landscape and ensure stable, reliable operations,” said Dr. Khaled Bagban, CIO of METRO. “Operational stability is critical to our core business, and this partnership plays a key role in maintaining that foundation. As we transition to the public cloud, we are creating a more flexible and scalable environment that supports our Core growth strategy at METRO. Looking ahead, we will continue to prioritize secure services and operational efficiency to enable long-term business success."

Ann-Kathrin Sauthoff-Bloch, Regional Head and Managing Director Germany and Austria, Wipro Limited, said, “This extended engagement with Metro AG underscores our commitment to driving AI-powered innovation, operational excellence, and strategic growth for our clients in the food wholesale sector. This is a testament to our consultative approach and the deep collaboration we undertake with our clients to keep driving their innovation with our AI-powered solutions. We look forward to accompanying Metro on this next step of their transformation journey.”

*This deal was mentioned in Wipro Limited's financial results announcement press release, dated April 16, 2025, for the quarter-ended March 31, 2025, with a description of Metro AG, but without naming the company.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at https://www.wipro.com.

About Metro

METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent resellers (Traders). Around the world, METRO has approx. 15 million customers who benefit from the wholesale company’s unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) – all digitally supported and connected. In parallel, METRO MARKETS is being developed as an international online marketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countries and employs over 85,000 people worldwide. In financial year 2023/24, METRO generated sales of €31 billion.

Wipro Opens New Regional Headquarters in Riyadh, Strengthening Its Middle East Presence

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The new office in Riyadh was inaugurated in a ceremony attended by the Wipro executive team, employees, and customers. This is the latest addition to Wipro’s growing presence in the region, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail.

“The inauguration of Wipro's new regional headquarters in Riyadh marks a significant milestone that contributes to accelerating the growth of the Kingdom's digital economy,” said Mohammed AlRobayan, Deputy Minister for Technology at the Ministry of Communications and Information Technology (MCIT). “This also underscores the attractiveness of Saudi Arabia's digital business environment. We value the company's investment in developing national competencies, in line with the objectives of Saudi Vision 2030 and enhancing the Kingdom's position as a global technology hub.”

In addition to this new office opening, Wipro recently signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. This partnership aims to upskill local talent by providing academic training in advanced technologies, hands-on experience, and access to Wipro's resources. The CoE will focus on equipping young Saudi nationals with future-ready skills, creating a talent pool that can add value to organizations and the kingdom.

“The establishment of our new regional headquarters in Riyadh reaffirms our commitment to supporting the dynamic business landscape in the Kingdom of Saudi Arabia,” said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. “This strategic move, combined with our ongoing involvement in supporting the goals of the Kingdom, aligns with our vision of driving sustained growth and a future-ready workforce in the region. This commitment is strengthened by the recent appointment of Mohamed Mousa as our new Managing Director for Wipro Middle East out of our Riyadh headquarters, which will further advance our decades-long presence in the Middle East.”

Wipro Shuts Down Baddi Unit Amid Labor Unrest, 80 Workers Left Jobless

Wipro has permanently shut down one of its manufacturing units in Baddi, Himachal Pradesh, leading to the layoff of 80 employees. The closure was announced on May 24, 2025, following months of labour unrest and a workers’ strike that began in December 2024. Many employees were reportedly caught off guard, learning about the shutdown only when they arrived for their shifts and were stopped at the factory gates.

Wipro cited economic unsustainability as the primary reason for shutting down the facility, pointing to continued operational disruptions and financial losses. Despite discussions between the company and the workers’ union, no resolution was reached, with one major sticking point being Wipro’s refusal to withdraw police cases filed against certain protesting employees.

The company has stated that it will provide statutory compensation and support to the affected workers, but the abrupt nature of the layoffs has triggered protests in the area. The workers’ union has filed a formal complaint with the Himachal Pradesh Chief Minister and the state Labour Department.

While this closure is a significant blow to the local workforce, another Wipro facility in Baddi remains operational.

Apart from Wipro’s recent shutdown of its Baddi manufacturing unit, there have been other notable closures in India’s manufacturing sector. Nissan India was rumored to be considering shutting down its manufacturing operations in India, but the company issued an official statement denying these speculations and reaffirming its commitment to the Indian market.

Maruti Suzuki, MG, and Toyota temporarily shut down their plants due to rising COVID-19 cases, though these closures were not permanent.

While Wipro’s closure wals driven by labour unrest and financial losses, other shutdowns have been influenced by market conditions, global strategies, or temporary disruptions.

Wipro Launches GitHub CoE to Accelerate AI Innovation

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced the launch of its GitHub Center of Excellence (CoE) in Bengaluru. The CoE, as part of Wipro’s ai360 initiative, will serve as a central hub for GitHub-related innovation within Wipro.

The GitHub CoE will use advanced tools to enhance collaboration, learning, and efficiency among development teams. Integrating GitHub tools, including Microsoft M365 and GitHub Copilot, into the software engineering process will enable Wipro teams to drive greater productivity and innovation at scale, providing exponential value to clients.

"The launch of our GitHub CoE highlights our commitment to championing a culture of AI-first mindset with the right skillset and toolset amongst our workforce," said Sanjeev Jain, Chief Operating Officer, Wipro Limited. “We are equipping our developers with the best tools and practices and encouraging a culture of innovation to build future ready AI-powered industry and cross-industry solutions that solve our client’s unique business challenges.”

Kyle Daigle, Chief Operating Officer at GitHub, said, “Wipro has long been a pioneer in innovation, and by rolling out GitHub Copilot at scale, they’re showing the world what true transformation with AI looks like. The GitHub CoE is more than an investment–it’s a blueprint for building with AI at the core. We're proud to build this future together–with the right tools, ingenuity, and a shared belief in what developers can achieve.”

The CoE will have a dedicated team of AI champions, who will receive comprehensive training and support to ensure proficiency in using GitHub and its associated tools. The GitHub CoE will enhance Wipro's teams' skills, enabling efficient delivery of high-quality industry focused solutions. Standardizing development practices will reduce time-to-market and improve deliverable quality, benefiting clients with faster delivery, better collaboration, and stronger solutions.

To equip Wipro associates with GitHub expertise, the CoE will offer training initiatives, including workshops, hackathons, codeathons, and meetups. Additionally, the CoE will create a Community of Practice to promote knowledge exchange and cross-team collaboration through GitHub Champions and subject matter experts.

Wipro Launches TelcoAI360 at Mobile World Congress 2025

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today launched TelcoAI360 to transform operations for telcos by leveraging AI. The AI-first Managed Services platform will empower telcos to roll out differentiated technology solutions at scale and speed, while delivering better customer experience at a fraction of the cost.

TelcoAI360 integrates Wipro’s domain expertise with AI-powered tools and solutions, enabling Communication Service Providers (CSPs) to significantly reduce operational costs by streamlining processes, automating workflows, and managing resources efficiently. Additionally, TelcoAI360 will deliver faster time to market for new products and services, boosting revenue potential. Recognizing the unique needs of telcos, the platform will be offered 'as-a-Service' with composable components that can be customised and deployed for each CSP.

Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s Telecommunications industry solutions suite, TelcoAI360 will provide:

• A unified platform integrating multiple telecom technologies for seamless adoption within existing architectures supporting market share growth
• Enhanced network performance through intelligent automation, real time monitoring and predictive maintenance to prevent disruptions and boost service reliability
• Integrated, AI-enabled security measures that provide real-time threat detection and fraud prevention, ensuring robust data protections
• Customizable portals that provide a seamless and branded user experience for customers while providing visibility into performance.
• Standardized APIs (Application Programming Interfaces) to facilitate seamless communication between different systems, ensuring operational efficiency and compliance with industry standards.
• Seamless interoperability with multiple cloud environments, allowing telcos the flexibility to scale their infrastructure based on demand in real time.

Comprehensive management of the entire lifecycle of products and services, from planning and design to deployment, in-life management and retirement.

Lalit Kashyap, Sector Head – Communications, Media and Networks, Wipro Limited, said, “The launch of TelcoAI360 marks a significant milestone in our commitment to empowering telcos with future-ready network management solutions. Leveraging our AI-powered platforms and deep domain expertise, we are delivering an industry-first solution that redefines telecom operations with automation, security, and AI at scale.

Rohit Batra, General Manager and Vice President for Manufacturing, Telecommunications, Media, and Technology at ServiceNow, said, "ServiceNow and Wipro have been collaborating to deliver on the shared commitment of building innovative, AI-enabled solutions that empower businesses to thrive in the digital age. Integrating ServiceNow’s Telecommunications industry solutions suite to bolster TelcoAI360, aims to break down silos across the value chain and improve decision-making with end-to-end service visibility and real-time network insights for telcos."

To learn more about TelcoAI360 please visit: https://www.wipro.com/communications/services/wipro-telcoai360/

Wipro Commits $200 Million in Fresh Investment to Wipro Ventures

Wipro Limited, (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it will be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding. This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups.

“Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across startup hubs globally,” said Srini Pallia, Chief Executive Officer & Managing Director, Wipro Limited. “This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem where these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders involved.”

Wipro Ventures was founded in 2015 to identify and invest in high-potential early-stage startups that are at the forefront of technological innovation and that allow Wipro to deliver differentiated value to clients. The Wipro Ventures team connects Wipro and its clients to a global ecosystem of startups working on disruptive technologies, enabling Wipro’s clients to access latest innovations, while providing startups with access to a global network of enterprise customers.

Jay Leek, Co-Founder & General Partner, SYN Ventures, said, “We are delighted to have worked with Wipro Ventures as co-investors over the years. They are well positioned to capitalize on emerging trends in the industry. We strongly believe that the value-add that Wipro brings will enable startups to maintain their competitive edge and enjoy long-term success.”

In its 10 years of operation, Wipro Ventures has invested in 37 startups in areas such as artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure, deployed solutions across 250+ Wipro customers globally and had 12 successful exits.

In addition to making direct equity investments, Wipro Ventures has also invested in several early-stage, enterprise-focused and cybersecurity-themed venture funds in India, the US, and Israel.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

About Wipro Ventures

Wipro Ventures is the strategic investment arm of Wipro Ltd. (NYSE: WIT) and focuses on investing in early-to mid-stage startups. The venture arm leverages Wipro’s global reach and market knowledge to accelerate the growth of its portfolio companies. Wipro’s broad customer base of Global 1000 clients provides a comprehensive understanding of customer needs and market trends, which in turn provides valuable guidance to portfolio companies. For more information, please visit https://www.wipro.com/ventures/.

Wipro Appoints Amit Kumar, Ex-MD of Accenture, as Managing Partner and Global Head of Wipro Consulting

Amit Kumar

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced the appointment of Amit Kumar as Managing Partner and Global Head of Wipro Consulting, effective immediately. Amit will report to CEO and MD Srini Pallia and join the Wipro Executive Board.

Amit will lead Wipro’s efforts to drive consulting-led, AI-powered growth and guide clients through business and technology changes. He will leverage Wipro’s expertise to deliver transformative AI, data, and industry solutions, helping businesses scale and grow amid digital disruption.

“We are delighted to welcome Amit Kumar to Wipro’s leadership team,” said Srini Pallia, Chief Executive Officer and Managing Director of Wipro Limited. “His experience in driving exponential business growth, combined with his passion for innovation and results-driven approach, makes him the ideal leader to propel our consulting business into an exciting new future and deliver superior value to our clients.”

I am honored and excited to join Wipro at such a pivotal time,” said Amit Kumar. “The evolving AI landscape presents unprecedented opportunities for businesses to innovate and lead. I look forward to collaborating with the talented team at Wipro to build on our success and set new benchmarks for consulting excellence globally.

With over 24 years of consulting experience across North America, Europe, and the Asia-Pacific, Amit brings immense expertise in industries such as High-Tech, Chemicals, Energy, Retail, Automotive, and Consumer Goods. He brings expertise in Business Transformation, Operational Excellence, Engineering, Manufacturing Digitization, and Supply Chain Management.

Prior to joining Wipro, Amit served as Managing Director for Accenture Consulting, where his roles included the Americas Market and Industry X Consulting over the last 17 years.

Amit is a graduate of St. Stephen’s College, Delhi, and holds a master’s degree in management from the Symbiosis Institute of Business Management, Pune. He will be based in the greater New York area.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Wipro Wins Multi-Million-Dollar Deal by Etihad Airways for IT Transformation and Cost Optimization

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by Etihad Airways, the national airline of the United Arab Emirates, to lead its comprehensive technology modernization. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management.

As part of the five-year contract, Wipro FullStride Cloud will deliver a customized cloud-based solution that will provide Etihad Airways real-time insights into their resource utilization and improve operational agility and scalability for their global operations.

Wipro will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework - from automation of data centers to conversational support to end-users. GenAI will also provide intelligent device management and insights that will optimize performance and resolve potential disruptions proactively.

Frank Meyer, Chief Digital Officer, Etihad Airways, said, "We look forward to working with Wipro to prepare for the AI era, with an emphasis on innovation, sustainability, and cost optimization. Together, we aim to elevate our customers' experiences through advanced automation, intelligent operations, and enhanced observability.”

Vinay Firake, CEO – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited, said, “We are excited to embark on this journey with Etihad Airways and enable them to adapt to the dynamic needs of the aviation industry. Through our proven expertise in digital transformation and AI-powered solutions, we will deliver seamless, efficient and innovative services to their customers."

Additionally, Etihad Airways will gain access to Wipro's Innovation Lab in the UAE, which will play a pivotal role in enhancing their technology to meet the evolving demands of their global operations.

For more than two decades, Wipro has operated in the Middle East with thousands of employees and providing opportunities for local talent to effectively serve the clients in the region. The company brings its global expertise in the aviation industry and proven capabilities across cloud transformation to help clients unlock new opportunities.

Note: The deal was mentioned in Wipro Limited's financial results announcement press release, dated January 17th, 2025, for the quarter-ended December 31st, 2024, with a description of the company, but without naming it as Etihad Airways.

Dutch Dairy Giant FrieslandCampina Selects Wipro to Transform their IT Operations

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by FrieslandCampina, a global dairy company with over 150 years of heritage, as their trusted strategic partner to deliver business outcomes aligned with FrieslandCampina’s strategic ambition.

During the five-and-a-half-year engagement, Wipro will be managing the company’s Core IT Services and will provide FrieslandCampina with support in key areas including end-to-end Service Management, Infrastructure & Cybersecurity Services as well as Enterprise Application Management Services.

This engagement will also encompass overarching digital transformation programs, HR and employee services to ensure leading operational excellence, end-user experience, and business continuity.

Graziella Neuvéglise, Regional Head and Managing Director - Benelux, Nordics and Southern Europe, Wipro Limited, said “We are excited to work with FrieslandCampina on this comprehensive partnership. Leveraging our wide-ranging technology expertise, we will support FrieslandCampina’s strategic objectives of enhancing profitability and sustainable growth; with IT services designed to improve business outcomes and drive innovation."

Holger Janßen, Global Director Enterprise Technology Services, FrieslandCampina said "Our strategic partnership with Wipro is a pivotal element to achieve our long-term vision. Leveraging Wipro’s extensive expertise in IT delivery and transformation will be instrumental in continuously elevating our efficiency and ability to innovate fast.”

Wipro and Menzies Aviation Expand Partnership to Roll-Out MACH Cargo Management System to 28 New Stations in 2025

Wipro and Menzies Aviation have indeed expanded their partnership to roll out the Menzies Aviation Cargo Handling (MACH) system to 28 new locations by 2025. This innovative cargo management system has already been deployed at 24 locations across four continents, with an additional 13 airports set to go live soon.

The MACH system, which was launched in November 2023, has revolutionized operations at major airports like Auckland Airport (AKL), Dallas Fort Worth International Airport (DFW), and O. R. Tambo International Airport (JNB), managing over 150,000 tonnes of cargo. It provides real-time data insights, enhances accessibility, and improves operational efficiency through its cloud-based architecture.

This expansion is a testament to the successful collaboration between Wipro and Menzies Aviation, leveraging advanced automation and real-time data integration to handle more shipments with fewer resources.

MACH seamlessly integrates with other systems helping to simplify and standardise all processes. An integral part of the cargo management ecosystem, it improves data accuracy as all electronic information is populated automatically across the system.

Rory Fidler, SVP Cargo Technology, Menzies Aviation, said: “We are very excited to confirm the second phase of the MACH roll-out, which will see the system implemented at an additional 28 locations across the world. The first phase of the programme will be completed over the coming months, which is testament to the successful offering, and sharing the multiple benefits of this pioneering and cutting-edge system to our airline customers across our global network.”

Omkar Nisal, UKI Managing Director, Wipro Limited, said: “Leveraging advanced automation, real-time data integration, and streamlined workflows, our solution is helping Menzies handle more shipments with fewer resources, leading to cost savings and faster turnaround times. Through real-time data integration, Menzies is now able to have better visibility into the supply chain, allowing them to identify and resolve issues promptly, thus ensuring timely deliveries and customer satisfaction. We are committed to continually raising the bar on our work for Menzies and bringing these leading technology solutions to the broader Cargo industry.”

Wipro Launches New Initiatives that Leverage the Full NVIDIA AI Stack

Wipro has announced new initiatives leveraging the full NVIDIA AI stack to help clients across multiple industries, including healthcare, communications, and financial services, quickly develop and implement new business strategies for the era of AI.

Wipro is providing ready-to-use templates for building agentic AI advocates in areas such as intelligent document processing, drug discovery, customer service, and claims processing.

Built on NVIDIA AI Enterprise, WeGA Studio leverages NVIDIA NIM Agent Blueprints to accelerate the deployment of AI virtual assistants, enhancing user experiences and streamlining operations.

In addition, for healthcare innovations, Wipro is using NVIDIA AI to improve member experiences, increase enrollment, and boost productivity in claims adjudication across its healthcare offerings.

Moreover, Wipro plans to expand into areas such as digital manufacturing and digital twins with NVIDIA Omniverse, delivering exceptional value to its global enterprise customers.

This collaboration aims to drive innovation and help enterprises harness the power of AI to transform their operations and achieve measurable business benefits.

Wipro Infrastructure Engineering Acquires US-based Columbus Hydraulics

Wipro Hydraulics, the Hydraulics business of Wipro Infrastructure Engineering (WIN), a part of India based Wipro Enterprises, has acquired Columbus Hydraulics, a leading US-based hydraulic cylinder manufacturer. This acquisition aims to strengthen Wipro's presence in the North American market and enhance its manufacturing capabilities.

Columbus Hydraulics, established in 1952, is known for delivering custom hydraulic solutions for various applications, including agriculture, construction, and marine.

This move is part of Wipro's strategy to expand its product and customer portfolio in North America.

Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering.

Columbus Hydraulics is Wipro's fifth acquisition under hydraulics business and fourteenth overall.

To recall, in December 2022 Wipro Infrastructure Engineering (WIN), has announced the acquisition of Pune-based startup Linecraft.AI, an AI-enabled Industrial Internet of Things (IIOT) product startup of the manufacturing sector.

WIN has made several strategic acquisitions recently to enhance its capabilities and market presence. In May this year, WIN acquired Mailhot Industries, a Canadian hydraulic cylinder manufacturer, to strengthen its position in North America.

In April this year, WIN acquired Italy-based Ferretto Warehouse Automation Solutions to enhance its automation and warehouse management solutions.

These acquisitions reflect Wipro's strategy to diversify its offerings and strengthen its presence in key markets

Wipro Secures Contract from German Auto Supplier MAHLE to Transform Its IT Infra with Hybrid Cloud

Wipro has secured a multi-year contract with MAHLE, a global automotive supplier, to enhance its IT infrastructure using hybrid cloud solutions.

As part of the project, Wipro will migrate MAHLE's core data centers into their FullStride Cloud platform, aiming to improve business agility, digitization, and regulatory compliance while reducing IT costs. This integration will allow MAHLE to standardize and digitize its IT ecosystem, adapt swiftly to market changes, and better support its customers.

This enhanced business flexibility will allow MAHLE to adjust their data and computing capacity consumption based on market conditions, significantly reducing their IT costs.

Founded in 1920, MAHLE is a German automotive parts manufacturer headquartered in Stuttgart. It's one of the largest automotive suppliers globally, specializing in components and systems for combustion engines and their peripherals. As a pioneer in sustainable mobility, MAHLE develops innovative solutions for electric powertrains and environmentally friendly transportation.

MAHLE provides products, services and systems for both passenger car and commercial vehicle sectors. Founded in 1920, the technology group is working on the climate-neutral mobility of tomorrow, with a focus on the strategic areas of electrification and thermal management as well as further technologies to reduce CO2 emissions, such as fuel cells or highly efficient, clean combustion engines that also run on renewable fuels, such as hydrogen.

Wipro's FullStride Cloud platform is a comprehensive hybrid cloud solution offered by the Indian multinational corporation. It enables organizations to seamlessly integrate public and private cloud environments, optimizing performance, scalability, and cost efficiency. With FullStride, businesses can accelerate their digital transformation, enhance agility, and improve IT operations.

TCS, Infosys Fall Behind Accenture in Race for Al-Related Project Bookings

In the race for AI-related project bookings, Accenture has surged ahead, reporting $1.1 billion in revenue from generative AI. TCS, on the other hand, boasts a $900-million deal pipeline, while Infosys and Wipro have seen strong traction in generative AI deals but did not disclosed specific numbers. 

However, Accenture's $450-million Gen AI pipeline alone surpasses the combined efforts of the top 10 Indian IT companies. The demand for AI projects remains robust, even as the sector grapples with macroeconomic challenges and client spending constraints.

Infosys' Gen AI practice has generated 3 million lines of code through large language models (LLMs), positioning it as an industry leader. Infosys CEO, Salil Parekh, announced last month that the company has successfully deployed generative artificial intelligence (AI) to handle and manage 50 client projects

Accenture's success in the generative AI race can be attributed to several key factors. Accenture invests in its own AI workforce, with over 53,000 skilled data and AI practitioners. The company is in the middle of deploying $3 billion into building its AI capabilities. It also plans to upskill about 250,000 of its workforce in AI.

TCS has so far trained around 350,000 of its employees in AI skills. In a letter to employees, TCS CEO, K Krithivasan, highlighted that TCS has one of the largest AI-ready workforces.

Infosys chairman, Nandan Nilekani told shareholders during its 43rd annual general meeting (AGM), Infosys is currently working on over 225 generative artificial intelligence (GenAI) programs for its clients.

“We have over 250,000 employees trained in the areas of generative AI. Infosys is one of the largest adopters of GitHub Copilot globally. Our employees have already generated over 3 million lines of code using GenAI large language models (LLMs),” Nilekani said.

Wipro on other hand collaborates with Microsoft to launch a suite of cognitive assistants for financial services powered by generative AI.

Average Salary Increment In Infosys, TCS and Wipro Down To Single Digits

In the financial year 2023-24, major Indian IT firms like Infosys, TCS, and Wipro reduced salary hikes to single digits due to economic pressures, said a Times of India report.

Infosys: Known for its higher average annual increments, Infosys saw average hikes fall to 9% in FY24, down from 14.6% in FY22, with FY23 noting 9.9%.

TCS: TCS reflected a similar trend, granting average hikes of 7-9% in FY24, compared to 10.5% in FY22.

Wipro: Employees at Wipro experienced a median remuneration hike of 9.4% compared to the previous year.

Tech Mahindra and HCLTech have maintained average hikes between 5% and 7%. HCLTech reported an average hike of 6.8% in FY22, which dropped to 5% last year. Tech Mahindra's average increment stood at 5.6% in FY24, down from 6% in the previous year and 5.2% during the pandemic year when other firms provided double- digit raises.

While top performers still receive substantial hikes, most employees witnessed a moderation in salary increments. Recruiters highlight higher raises for niche skill sets in AI, ML, cybersecurity, and data analytics, driven by digital transformation. Rising employment costs also impact most IT professionals.

Exceptions

While most employees at Infosys, TCS, and Wipro experienced single-digit salary increments in FY24, there are exceptions:

1. Top Performers: High-performing employees continue to receive substantial hikes, often exceeding the average. Their contributions to critical projects and niche skill sets (such as AI, ML, cybersecurity, and data analytics) are rewarded.

2. Niche Skills: Professionals with specialized skills in emerging technologies receive better increments. Companies prioritize talent in areas like cloud computing, blockchain, and automation.

3. Leadership Roles: Salary hikes for leadership positions (such as project managers, architects, and directors) tend to be more generous due to their strategic impact.

4. Promotions: Employees who receive promotions can expect larger increments, especially when moving to higher job grades.

Industry-wide trends in salary increments can vary based on factors like economic conditions, occupation, and company policies. Over the past decade, the average annual salary increase has hovered between 3% to 5%. However, this can vary significantly based on individual circumstances.

These raises counteract inflation by adjusting salaries to match the current cost of living. Given the economic impact of the COVID-19 pandemic, inflation rates have risen significantly.

Technology transformation sector is driving pay raise trends in 2024, with an impressive 63% surge. Supply Chain and Procurement, Sales and Marketing, and Human Resources also show substantial Increases. Retail, Hospitality, and Product and Skilled Trades have seen the largest base salary increases recently. 

Professionals switching jobs, especially in talent-short fields like tech, can anticipate substantial pay raises ranging from 10% to 15%.