Wipro Expands Palo Alto Networks Partnership With Cortex XSIAM and CybershieldSM to Deliver AI‑powered Cyber Defense

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced the expansion of its partnership with Palo Alto Networks, the global AI cybersecurity leader, to offer AI-driven Managed Detection and Response (MDR) services.

The partnership brings together Palo Alto Networks’ Cortex XSIAM with CyberShieldSM, Wipro’s managed security services capabilities in a more focused offering for modern security operations. The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks. It will enable faster detection and response across complex environments, while filtering signals from noise, improving analyst efficiency, and increasing focus on critical, high-impact threats.

This offering is supported by Wipro’s WEGA and WINGS, AI delivery platforms that are a part of Wipro Intelligence™, suite of AI-powered platforms, solutions, and transformative offerings for workflow orchestration, service transition, and automation at scale across security operations.

“As organizations navigate a rapidly evolving landscape marked by accelerated AI adoption, the need for robust governance and strategic cost management has never been greater,” said Satish Yadavalli, Global Business Head - Cloud, Infrastructure, and Security Services, Wipro Limited. “Together with Palo Alto Networks, we are able to transform security operations through AI, automation, and platform consolidation, strengthening organizations’ security environments while optimizing costs and improving outputs.”

The expanded relationship builds on an existing foundation with Palo Alto Networks across cloud, network and security transformation, and reflects growing demand from clients for more integrated, AI-led security operations.

“AI-manufactured attacks require an AI-powered defense, and our partnership with Wipro helps deliver just that,” said Simone Gammeri, Senior Vice President and Chief Partnership Officer at Palo Alto Networks. “Our combined capabilities empower mutual customers to consolidate tools, eliminate data silos, and leverage AI and automation to reduce noise, accelerate response from days to minutes, and ultimately stop even the most sophisticated threats.”

The MDR services are delivered through Wipro’s eight Cyber Defense Centers (CDCs), anchored by the proprietary SOC GURU (Grand Unified Runbook Unleashed) framework—a unique IP that drives SOC transformation through attack- and alert-agnostic analysis. This unified, adaptive approach is designed to strengthen threat detection and response while supporting more resilient security operations.

This approach is already reflected in a recent engagement with a European gaming and entertainment leader, where Wipro and Palo Alto Networks helped transform security operations in a complex enterprise environment to deliver improved productivity, accelerated response, and reduced costs.





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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network–part of the Wipro Intelligence™ suite–underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 240,000 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 Advances Enterprise AI Leadership with an Applied AI CoE for Claude Models, Powered by Anthropic

Representative Image

• Leveraging Wipro Intelligence™ to deliver business outcomes with Anthropic’s Claude models through repeatable delivery methodologies and enterprise-grade execution.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI impact. The CoE was inaugurated at its Bengaluru innovation hub, and is a key initiative under the newly formed AI-Native Business & Platforms Unit.

The CoE strengthens Wipro’s ability to scale enterprise AI adoption using Claude models. These capabilities are integrated across the Wipro Intelligence™ stack – including delivery, functional, and industry platforms, to embed AI into core business workflows across industries.

Wipro has been building a global talent pool of Forward Deployed Engineers (FDEs) trained on Claude models, with a deep understanding of model behaviour and real-world application. These engineers operate within client environments, combining knowledge of business processes and technology landscapes with hands-on model expertise. The objective is to accelerate AI integration into workflows and deliver clear, measurable outcomes, reflecting a ‘proof over promise’ approach that underpins Wipro’s AI strategy.

The Applied AI CoE for Claude also serves as a hub to accelerate the development of AI-native platforms and industry solutions across Mortgage, Healthcare, Airlines, Manufacturing and Consumer sectors. Claude models are embedded into Wipro’s platforms to enable co-innovation with clients in live environments, while also scaling AI adoption across Wipro’s own Finance, HR, and Sales functions as part of its internal transformation.

A key differentiator in Wipro’s enterprise AI strategy is the certification of 10,000 Front-Line Delivery Experts on their use of Claude over the next 18 months. This program is designed to build a strong base of practitioners capable of designing, deploying, and operating AI-enabled systems in complex enterprise environments.

Wipro is strengthening its enterprise AI leadership with the Applied AI Center of Excellence for Claude models, powered by Anthropic, said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. This marks a fundamental shift in how we deliver, and advances our strategy of being consulting-led and AI-powered. By combining the power of Claude models with our deep domain and enterprise expertise, we are driving measurable business outcomes for our clients. Embedding Forward Deployed Engineers within client environments, alongside integrating AI across our own operations, enables us to accelerate enterprise-scale adoption with a clear focus on business value.

This CoE is a significant step in Wipro’s journey to operate as an AI-native enterprise, bringing together platform integration, deep model expertise, and embedded delivery to help clients adopt AI at scale and unlock its full potential.

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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 240,000 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 Completes Acquisition of Olam Group’s IT and Digital Services Business, Mindsprint

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company today announced that its acquisition of Olam Group’s IT and digital services business, Mindsprint, has been concluded following the completion of relevant regulatory approvals.

The Mindsprint acquisition was originally announced on April 6, 2026, as a part of Wipro’s 8-year strategic transformation deal win from Olam Group, a leading US$ 50+[1] Billion food and agri‑business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings.

The strategic engagement with Olam Group expands Wipro’s farm‑to‑fork capabilities, scaling the impact of Wipro Intelligence™ across the food and agri‑business industry. Mindsprint’s deep domain expertise and IP‑led solutions, particularly across supply chain and commodity trading, combined with Wipro’s consulting‑led and AI‑powered capabilities, aim to unlock growth opportunities, catalyse innovation, and drive market‑ready transformation for Olam Group and Wipro’s global clients. This includes key areas such as farming, forecasting, trading, supply‑chain operations, and customer engagement.

“We are pleased to welcome the leadership team, employees, and clients of Mindsprint to Wipro. Our strategic engagement with Olam Group, combined with the acquisition of Mindsprint, strengthens Wipro’s position in the areas of supply chain and commodity trading, as well as the global food and agri‑business sector, and expands our ability to deliver AI‑powered, IP‑led, and domain‑centric transformation at scale,” said Vinay Firake, Chief Executive Officer of Wipro’s APMEA (Asia Pacific, India, Middle East, and Africa) Strategic Market Unit. “Mindsprint’s farm‑to‑fork expertise deepens our value chain capabilities, accelerates the global deployment of Wipro Intelligence™, and enhances our ability to drive sustainable growth, operational leverage, and long‑term business value.”

Suresh Sundararajan, Chief Executive Officer of Mindsprint said: “This acquisition marks an important milestone in Mindsprint’s journey. Becoming part of Wipro provides our teams with a global platform, greater scale, and access to deep consulting, engineering, and AI-powered capabilities. Our strong domain expertise in food, agri-business, and supply chain intensive industries, combined with Wipro’s global reach and technology leadership, creates a powerful opportunity to deliver differentiated, end-to-end transformation for clients. I am excited about what this next phase means for our people, and the long-term value we can create together for Olam Group and our clients across the industry.”

Mindsprint employs over 3,200 professionals and has been an enabler of Olam Group's digital transformation journey. It brings deep domain expertise in the food and agri-business sector, alongside strong capabilities in supply chain transformation, digital platforms, and proprietary IP‑led solutions such as Farmsprint® for plantation management, Procuresprint® for agentic AI-enabled procurement transformation, SprintAP™ for payables transformation, Salessprint™ for sales operations, and the Tradesprint® Commodity Trading and Risk Management platform. 

Under the terms of the transaction, Mindsprint has become a wholly owned subsidiary of Wipro, operating as “Mindsprint, a Wipro Company”.

Rothschild & Co. acted as the exclusive financial advisor to Wipro and Avendus Capital acted as the exclusive financial advisor to Olam Group and Mindsprint on this transaction.

Wipro Partners with Kongsberg Digital to Deliver AI‑Powered Digital Twin Solutions for Energy & Utilities

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a strategic partnership with Kongsberg Digital, a global leader in advanced engineering and industrial digitalization, to jointly deploy next‑generation AI‑powered Digital Twin solutions for the Energy & Utilities Sector.

The collaboration brings together Wipro’s consulting-led approach and its AI-powered Wipro Intelligence™ solutions – Industrial-AssetsAI and UpstreamAI – with Kongsberg Digital’s Industrial Work Summit rface solution. Together, Wipro and Kongsberg Digital will enable more reliable, efficient, and safer operations across complex asset networks.

“At the core of this collaboration is a shared vision to rethink how industrial intelligence is designed and applied,” said Srikumar Rao, Managing Partner and Global Head of Engineering, Wipro Limited. “By combining our deep domain expertise in Energy & Utilities and the relevant Wipro Intelligence™ solutions with Kongsberg Digital’s digital twin platform, we are bringing AI, engineering, and operational insight together. This will enable enterprises to embed autonomy into their operations, allowing them to anticipate change, navigate complexity, and build resilience at scale.”

Together, Wipro and Kongsberg Digital will provide organizations with a unified environment that brings together physics‑based engineering models, real‑time operations, and enterprise AI. Once deployed, the joint offering will function as a digital twin that reflects real‑time conditions across plants, grids, and distributed assets. By combining simulation, data, AI, and automation in one integrated framework, Wipro and Kongsberg Digital can help organizations simplify digital transformation and strengthen operational resilience.

“Combining Kongsberg Digital’s Industrial Work Surface—which currently operates at some of the energy industry’s most complex assets—with Wipro’s AI-powered platforms and solutions, this partnership will extend our proven digital twin capability at scale, helping customers move from insight to operational impact faster,” said Shane McArdle, CEO of Kongsberg Digital.

As part of the agreement, Wipro and Kongsberg Digital will advance a joint roadmap to scale AI‑powered digital twin capabilities across Energy & Utilities environments, helping asset‑intensive organizations accelerate innovation, strengthen operational resilience, and deliver sustained improvements in performance, safety, and sustainability.

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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network–part of the Wipro Intelligence™ suite–underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 240,000 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 Announces Results for the Quarter and Year Ended March 31, 2026

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026.

• Adjusted net income grew 3.7% QoQ in Q4’26 and 2.2% YoY for FY’26
• FY’26 margin at 17.2%, expands 0.2%; Q4 margin at 17.3%, contracts 0.2% YoY
• Operating cash flow at 90.1% of net income for Q4’26 and 112.6% for FY’26
• Board approves Buy-Back for the value of ₹150 billion

Quarter Ended March 31, 2026

Metric	Result
Gross Revenue	₹242.4 billion ($2,583.0 million), +2.9% QoQ, +7.7% YoY
IT Services Revenue	$2,651.0 million, +0.6% QoQ, +2.1% YoY
Net Income	₹35.0 billion ($373.2 million), +12.3% QoQ, -1.9% YoY
EPS	₹3.34 ($0.041), +12.1% QoQ, -2.1% YoY
Operating Cash Flow	₹31.7 billion ($338.2 million), 90.1% of Net Income

Year Ended March 31, 2026

Metric	Result
Gross Revenue	₹926.2 billion ($9.9 billion), +4.0% YoY
IT Services Revenue	$10,478.1 million, -0.3% YoY
Net Income	₹132.0 billion ($1,406.5 million), +0.5% YoY
EPS	₹12.6 ($0.131), +0.3% YoY
Operating Cash Flow	₹149.3 billion ($1,591.3 million), 112.6% of Net Income

Outlook for the Quarter ending June 30, 2026

Wipro expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million*. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. 

* Outlook for the Quarter ending June 30, 2026, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.17, AUD/USD at 0.70, USD/INR at 92.35 and CAD/USD at 0.73

CEO & CFO Commentary

Srini Pallia, CEO: “Advancements in AI are reshaping client priorities... pivoting to a services-as-a-software model through the AI Native Business & Platforms unit.”

Aparna Iyer, CFO: “We have continued to invest in our clients, capabilities and people... Board announced buyback of ₹15,000 Cr at a price of ₹250, subject to shareholder approval.”

Capital Allocation

The Board of Directors approved the buyback proposal, subject to the approval of  shareholders through postal ballot, for purchase by the Company of up to 60,00,00,000 equity shares of ₹ 2 each (being 5.7% of total paid-up equity share capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 ($2.661) per equity share for an aggregate amount not exceeding ₹ 150 billion ($1.6 billion1) , in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013 and rules made thereunder.

The interim dividend of ₹11 declared in FY’26 by the Board at its meetings held on July 17th, 2025 and January 16th, 2026, shall be considered as final dividend for the financial year 2025-26.

Strategic Deal Wins

• US health insurer extended contract for IT modernization leveraging Wipro Intelligence™ platforms.
• Global tech leader renewed engagement for IT infrastructure and workplace services.
• Global medtech company selected Wipro to transform Post Market Surveillance.
• Major US retailer modernizing store associate experience with AI-enabled intelligence.
• ABB Group signed multi-year renewal for AI-powered workplace services.
• Capco engaged by UK energy trading company to establish Capability as a Service model.
• Prominent Southeast Asian manufacturer selected Wipro to establish Global Capability Center.

Analyst Recognition

• Leader in ISG Provider Lens™ - Advanced Analytics and AI Services 2025
• Leader in Everest Group’s Software Product Engineering Services PEAK Matrix® 2026
• Leader in Avasant’s Life Sciences Digital Services 2026 RadarView™
• Leader in ISG Provider Lens® - Digital Sustainability 2025
• Featured as Horizon 3 Market Leader in HFS Horizons: Next-gen IT Infrastructure Services 2026

IT Products

Period	Revenue	Results
Q4 FY26	₹2.5 billion ($26.9 million)	₹0.2 billion ($2.2 million)
FY26	₹6.9 billion ($74.0 million)	₹0.6 billion ($5.9 million)

Conference Call

Earnings call at 07:45 p.m. IST (10:15 a.m. U.S. ET). Webcast link: Conference Call

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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities.  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.

Forward-Looking Statements

Statements regarding growth prospects, financial results, and plans are subject to risks and uncertainties... Additional risks described in SEC filings.

Indian IT Majors Bet Big on Dedicated AI Business Units

Artificial Intelligence is no longer a peripheral capability for Indian IT services giants—it’s becoming the core of their business models. Over the past three years, leading firms have carved out dedicated AI business units (BUs), signaling a structural shift from AI-as-a-service to AI-native enterprises.

Among Indian IT majors, Wipro has most recently launched a dedicated AI-Native Business and Platforms Unit (April 2026), signaling a major structural bet on AI. Other IT giants like Infosys, TCS, and HCL have AI-focused practices, but Wipro stands out for creating a formalized, standalone AI business division.

TCS, Infosys, and HCLTech have each carved out distinct AI business units, reflecting different strategic bets: TCS split its AI.Cloud into a dedicated AI & Data unit, Infosys launched Topaz as an AI-first suite, and HCLTech recently unveiled AI Force 2.0 as its proprietary enterprise AI platform.

LTIMindtree (Mindtree + L&T Infotech) has a dedicated AI business unit called BlueVerse, launched in June 2025. It is positioned as a full-fledged AI ecosystem with over 300 industry-specific AI agents, designed to accelerate enterprise AI adoption and deliver scalable, responsible AI solutions.

Mphasis has a dedicated AI business unit called Mphasis.ai, launched in June 2023, which focuses on generative AI, agentic AI, and enterprise AI transformation. This unit integrates innovation labs, hyperscaler partnerships, and proprietary AI platforms to deliver industry-specific AI solutions.  

Birlasoft does not have a standalone AI business unit like Wipro or HCLTech, but it has built a strong Generative AI Center of Excellence (CoE) in collaboration with Microsoft, housed within its Digital Business Unit. This CoE drives AI-powered digital transformation across industries, led by Ajit Singh Chawla (SVP, Global Head of Digital Business Unit).  

The New Wave of AI Business Units

• Wipro – AI-Native Business & Platforms Unit (2026)
  • Standalone AI-native BU, led by Nagendra Bandaru
  • Bundles proprietary platforms like NetOxygen, CROAMIS, and healthcare solutions
  • Strategy: Move beyond outsourcing to “services as software”

• Infosys – Topaz (2023)
  • AI-first suite embedded across services
  • Focus: Generative AI accelerators for BFSI, retail, manufacturing
  • Strategy: Applied generative AI pilots at scale. 

• TCS – AI.Cloud & Cognitive Business Operations
  • AI embedded into cloud transformation and enterprise ops
  • Strategy: Integration-first, ensuring AI is part of every digital engagement

• HCLTech – AI & Automation BU
  • Dedicated BU focused on automation-heavy transformation
  • Strong partnerships with hyperscalers for AI engineering
  • Strategy: Efficiency-driven, less differentiated in generative AI

• Birlasoft – Generative AI CoE (2024)
  • Built with Microsoft, embedded within Digital BU
  • Strategy: Partnership-driven innovation for mid-sized enterprises

• Mphasis – Mphasis.ai (2023)
  • Standalone BU integrating Next Labs and proprietary AI agents
  • Focus: BFSI, customer experience, and contact center modernization
  • Strategy: Proprietary AI agents differentiate from hyperscaler-native tools

• LTIMindtree – BlueVerse (2025)
  • Full-fledged AI ecosystem with 300+ industry-specific AI agents
  • Includes BlueVerse Marketplace, interoperability connectors, and governance
  • Strategy: Ready-to-deploy AI agents for rapid enterprise adoption

Competitive Positioning

Company	AI Unit Type	Distinctive Edge
Wipro	Standalone BU	Platforms + Ventures
Infosys	Embedded Suite	Generative AI pilots
TCS	Embedded Ops	AI-cloud integration
HCLTech	Standalone BU	Automation-heavy
Birlasoft	CoE	Microsoft-aligned innovation
Mphasis	Standalone BU	Proprietary AI agents
LTIMindtree	Ecosystem BU	300+ AI agents marketplace

Risks & Trade-offs

• Standalone BU model (Wipro, Mphasis, LTIMindtree): Gains visibility but risks siloing AI away from core IT services.
• Embedded model (Infosys, TCS): Ensures integration but may dilute focus compared to standalone units.
• CoE model (Birlasoft): Partnership-driven but less differentiated and dependent on hyperscaler ecosystems.
• Automation-heavy BU (HCLTech): Strong efficiency play, but less competitive in generative AI innovation.

Editorial Insight

For enterprises in India and globally, these AI business units mark a strategic inflection point.  

• Wipro and LTIMindtree are leading the charge with bold, standalone ecosystems.
• Infosys and TCS remain integration-first, embedding AI across services. 
• Mphasis is carving a niche in BFSI with proprietary AI agents.
• Birlasoft positions itself as a mid-market player aligned with Microsoft. 
• HCLTech continues to dominate automation-heavy transformation.  

The race is no longer about who has AI capabilities—it’s about who can scale AI into enterprise-ready business models.

For enterprises evaluating IT partners:

• Birlasoft is best suited for mid-sized enterprises seeking Microsoft-aligned generative AI solutions.
• LTIMindtree’s BlueVerse is ideal for firms seeking ready-to-deploy AI agents with strong governance frameworks.
• Wipro offers the most aggressive AI-native positioning.
• Infosys & TCS provide broader enterprise-scale AI integration.
• HCLTech is strong in automation-heavy transformation.  

Wipro Unveils Dedicated AI‑Native Unit, Strengthening ‘Services as Software’ Strategy

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI‑powered technology services and consulting company, today announced the launch of a dedicated AI-Native Business & Platforms Unit to complement its services business. This strengthens Wipro’s position in a “services as software” world, placing it at the forefront of innovation while delivering Consulting-led, AI-powered transformation for clients.

With targeted investments and a distinct operating model, the unit will accelerate the development of enterprise‑grade agentic AI solutions and enhance outcome‑based value creation. It will also incubate new AI‑led business streams through an invest-build-partner approach, working in close collaboration with Wipro Ventures and its broader partner ecosystem.

The business unit will bring together a rich portfolio of platforms and AI-native businesses. It will own and scale Wipro Intelligence’s platform assets, including industry platforms such as NetOxygen (AI‑powered lending), CROAMIS (integrated aviation cargo operations), IHS and HPS (healthcare platforms), Enterprise Telco AI, and delivery platforms such as WINGS and WEGA. Supported by dedicated forward-deployed engineering teams, it will help clients unlock value faster, strengthen Wipro’s integrated platforms and services offerings, and enable more scalable, non-linear growth.

“This strategic pivot further sharpens Wipro Intelligence’s ability to deliver tangible value to clients and drive stronger business outcomes,” said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. “It positions us to build and scale AI-led platforms at an unprecedented speed and unlock new growth opportunities. By deepening our capabilities across data, workflows, decision engines, and infrastructure, we are well-positioned to lead in the era of intelligent transformation.”

Nagendra Bandaru, President and Managing Partner of Technology Services GBL, who has been with Wipro for nearly three decades, has been appointed as the CEO of the new business unit, effective immediately. He will continue to report to the CEO and MD Srini Pallia. Nagendra is an accomplished leader with a track record of building high-performing businesses and scaling innovative platforms and transformative solutions, underpinned by deep expertise and trusted relationships with clients and partners.

Kanwar Singh joins Wipro as the new President and Managing Partner of Technology Services GBL. Kanwar will report to the CEO and MD Srini Pallia and join the Wipro Executive Leadership. He is a seasoned technology leader with over 30 years of experience and has led complex, global initiatives spanning industries such as retail, consumer packaged goods, manufacturing, and travel & transportation. His solid functional expertise includes digital interventions, solution architecture, automation, and global delivery management. He is widely recognized for his strategic vision, ability to deliver exceptional client value, and proven success in implementing global transformation programs.

Wipro’s strategic pivot with the AI-Native Business & Platforms Unit positions it for scalable growth, sharper competitiveness, and stronger Consulting-led, AI-driven client outcomes, building a solid foundation for sustained growth and innovation.

These changes are effective April 1, 2026.

Wipro and Harness Announce Strategic Collaboration to Accelerate AI-Native Software Delivery for Global Enterprises

Srinivas Pallia, CEO and Managing Director, Wipro Limited

Wipro Limited, (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, and Harness, the AI Software Delivery Platform™ company, today announced a strategic collaboration to help global enterprises accelerate AI-native software delivery with greater speed, reliability, and governance.

As enterprises accelerate AI adoption, software delivery has become increasingly complex with many organizations continuing to rely on disconnected tools and manual processes. Wipro’s collaboration with Harness aims to address this challenge by combining Wipro’s agent‑native delivery platform WEGA with Harness’ AI Software Delivery Platform. WEGA is part of the Wipro Intelligence™ unified suite of AI-powered platforms, solutions, and transformative offerings. Together, the two companies will help organizations modernize software development, automate releases, reduce deployment risk, and accelerate innovation.

“We are rapidly evolving WEGA, our agent‑native delivery platform, to help clients realize value faster, build smarter systems, and scale AI with confidence,” said Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited. “Together with Harness, we are establishing a proven blueprint for AI‑native software delivery – enabling enterprises to innovate at speed, strengthen reliability, and deliver resilient digital experiences in an AI‑first world.”

The Harness AI Software Delivery Platform enables organizations to bring delivery intelligence, automation, and governance to everything after code—build, test, deploy, release, feature management, cloud cost optimization, incident response, and more—while providing continuous visibility into performance, reliability, and operational risk. When combined with Wipro’s consulting‑led approach, global delivery scale, and AI capabilities, enterprises gain a more unified and intelligent way to manage modern software environments, reducing manual effort while improving outcomes across speed, stability, and cost efficiency.

“Enterprises today are facing the AI Velocity Paradox: AI is dramatically increasing the speed of innovation, while leaving the biggest bottleneck – everything that happens after code is written – harder to manage than ever,” said Jyoti Bansal, Co-Founder and Chief Executive Officer at Harness. “Together with Wipro’s consulting-led expertise, global reach, and WEGA agent-native delivery platform, Harness can help organizations bring delivery, reliability, security, and cost management into a unified AI software delivery model — enabling them to innovate faster while maintaining the governance and resilience needed to scale.”

With this partnership, Wipro and Harness are creating a stronger foundation for enterprises to scale AI-native software delivery with confidence.

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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. 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.

About Harness

Harness is the AI Software Delivery Platform™ company, enabling engineering teams to build, test, and deliver software faster and more securely. Powered by Harness AI and the Software Delivery Knowledge Graph, the platform brings intelligent automation to every stage of the software delivery lifecycle after code—removing toil and freeing developers from manual, repetitive work. Companies like United Airlines, Morningstar, and Choice Hotels use Harness to accelerate releases by up to 75%, cut cloud costs by 60%, and achieve 10x efficiency across DevOps. Based in San Francisco, Harness is backed by Goldman Sachs, Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.

AI Startup Anthropic Shakes IT Sector, Infosys and Wipro ADRs Drop

American Depositary Receipts (ADRs) of Indian IT majors Infosys and Wipro declined this week after Anthropic, the AI startup backed by Amazon and Google, announced its entry into legal and data services automation.

Infosys ADRs slipped about 3%, while Wipro ADRs fell nearly 5% in U.S. trading. The sell-off extended to other IT consulting firms, with Accenture and Cognizant also registering losses.

Analysts noted that the declines were sharper in companies heavily exposed to legal process outsourcing (LPO) and data management contracts.   

What Happened

• Anthropic launched an AI product that automates contract review and legal briefings, raising investor concerns about disruption in IT services outsourcing.
• Infosys and Wipro ADRs fell 3–5%, extending losses from earlier in the week.
• Other IT consulting firms like Accenture and Cognizant also saw declines, with some data-focused firms dropping 9–10%.

Why It Matters

• Legal and data services are a lucrative segment for IT majors, often tied to long-term enterprise contracts.
• Anthropic’s move signals that AI-first companies are directly entering areas traditionally dominated by Indian IT service providers.
• Investors fear margin compression and reduced demand for human-led outsourcing as automation scales.

Market Context

• The sell-off coincided with broader weakness in the Nasdaq Composite, adding pressure to tech stocks.
• Indian IT equities also reflected overnight ADR declines, though some recovery was noted in domestic trading.

Wipro Partners with AI Startup Factory to Advance Agent‑Native Software Development Globally

Wipro has announced a strategic partnership with U.S.-based Factory to integrate agent-native software development into its global enterprise offerings, leveraging AI-powered “Droids” to automate large portions of the software lifecycle.

Factory is a U.S.-based startup founded in 2023 that specializes in agent-native software development, enabling enterprises to delegate large portions of the software lifecycle to AI agents called “Droids.” It has quickly gained traction by embedding OpenAI’s reasoning models into its platform, helping organizations accelerate engineering cycles and reduce development bottlenecks.

Notably, Wipro Ventures, the corporate investment arm of Wipro, participated in Factory’s recent funding round. Besides Wipro, the San Francisco based startup is backed by investors including Sequoia Capital, NEA, NVIDIA, J.P. Morgan, Abstract Ventures, Mantis VC, SV Angel, and BoxGroup.

Factory uses OpenAI’s reasoning models (o1, o3‑mini, GPT‑4o) to go beyond code generation, enabling agents to understand, retrieve, and reason through complex systems.   

Key Highlights of the Partnership

• Core Objective: Help enterprises operationalize agent-native development across engineering organizations worldwide.
• Technology: Factory’s platform uses AI agents called Droids to handle:
  • Feature development
  • Code refactoring
  • Migrations
  • Testing
• Integration: Wipro will embed Factory’s capabilities into its WEGA agent-native delivery platform, enhancing the Wipro Intelligence suite of AI-powered solutions.
• Investment: Wipro Ventures participated in Factory’s recent funding round, strengthening financial and strategic ties.

Why This Matters for Enterprises

• Efficiency Gains: Delegating repetitive and complex tasks to AI agents accelerates delivery cycles while maintaining engineering standards.
• Scalability: Enterprises can scale development across global teams without proportional increases in human resources.
• Consistency: AI-driven automation ensures architectural integrity and compliance with coding standards.
• Competitive Edge: Positions Wipro as a leader in agentic AI at a time when enterprises are cautious about tech spending but eager for productivity boosts.

Strategic Context

• Market Timing: Wipro announced this move amid margin pressures in Q3 FY26, where revenue rose 5.5% YoY to ₹23,500 crore, but net profit fell nearly 7% due to higher employee costs and cautious enterprise spending.
• AI Push: This partnership reflects Wipro’s broader strategy to deepen its AI-led engineering capabilities and differentiate itself in a competitive IT services market.

Comparison Table: Wipro–Factory Partnership Benefits

Aspect	Benefit to Enterprises
Automation	AI Droids handle lifecycle tasks (development, testing, migrations).
Integration	Embedded into Wipro’s WEGA platform for seamless adoption.
Investment	Wipro Ventures’ funding ensures long-term collaboration.
Efficiency	Faster delivery cycles, reduced manual workload.
Consistency	Maintains engineering standards and architecture integrity.
Global Reach	Operationalized across worldwide engineering organizations.

Risks & Considerations

• Adoption Curve: Enterprises may face challenges in retraining teams to work alongside AI agents.
• Cost vs. ROI: Initial integration costs could be high, requiring careful ROI analysis.
• AI Governance: Ensuring compliance, transparency, and ethical use of autonomous agents will be critical.

Wipro Expands Google Cloud Partnership with Gemini Enterprise Rollout

• Adopts Gemini Enterprise across its global operations to speed up decision-making and improve employee experience
• Launches Google Cloud Gemini Experience Zone at Wipro’s Partner Labs in Bengaluru

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, is expanding its longstanding partnership with Google Cloud to enhance enterprise productivity and drive global digital transformation with Gemini Enterprise.

Wipro Intelligence™*, the unified suite of AI-powered platforms, solutions and transformative offerings, anchors Wipro’s “Client Zero” approach, with the company first deploying and validating solutions and innovations internally to ensure they are optimized and enterprise-ready before client rollout. As part of this strategy, Wipro is implementing Gemini Enterprise across its core corporate functions, including finance, human resources, sales, delivery, and customer support to accelerate decision-making, enhance operational efficiency, and improve employee experience.

Gemini Enterprise is Google Cloud’s next generation agentic AI platform, and the new front door to AI in the workplace. Powered by Google’s world-class Gemini models, it provides an intuitive conversational interface that enables employees to interact with and analyze company data and applications and build no-code AI agents with enterprise-grade security and controls using natural language.

In addition to the internal adoption of Gemini Enterprise across its global operations, Wipro will leverage its deep industry expertise, consulting-led approach, and the Wipro Intelligence™ suite to enable joint enterprise customers to transition from fragmented AI pilots to secure, production-ready agentic solutions at scale.

Towards this partnership outlook, Matt Renner, President and Chief Revenue Officer at Google Cloud, recently inaugurated the Google Cloud Gemini Experience Zone at Wipro’s Partner Labs – a cornerstone of Wipro Intelligence™ – at the Kodathi campus in Bengaluru. This cutting-edge zone offers hands-on access to joint Google Cloud solutions, and showcases more than 200 production-ready AI agents across industries such as Healthcare, Banking, Insurance, Retail, Communications, and Manufacturing.

“Wipro’s commitment to innovation and enterprise transformation, powered by Gemini Enterprise, reflects a bold vision and long-term dedication to driving industry leadership and strategic impact,” said Matt Renner, President and Chief Revenue Officer, Google Cloud. “Through our expanded partnership, we are moving customers beyond experimental AI pilots to real-world outcomes, thereby delivering production-ready AI agents that create measurable business value.”

Sanjeev Jain, Chief Operating Officer, Wipro Limited, said, “By deploying Gemini Enterprise at scale across our operations, we are deepening our partnership with Google Cloud to reimagine the future of work, and setting a global benchmark for responsible AI adoption. This AI-powered transformation, with Wipro Intelligence™ at the core, will drive efficiency, agility, and growth – positioning Wipro and our clients to lead the next wave of enterprise innovation.”

*Wipro Intelligence™ is Wipro’s unified suite of AI-powered platforms, solutions, and transformative offerings, designed to empower enterprises to scale with confidence and lead in an AI-first world. The Wipro Innovation Network is an integral part of Wipro Intelligence™, bringing together Wipro's innovation labs, partner labs, AI-native partners, Wipro Ventures, Topcoder, research & academia, as well as deep-tech talent to harness frontier technologies such as Agentic AI, Embodied AI, and Quantum Computing to co-innovate with clients and bring Wipro Intelligence™ to life.

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 consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. 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 Completes $375M HARMAN DTS Acquisition

Wipro has officially completed its $375 million acquisition of HARMAN’s Digital Transformation Solutions (DTS) unit, announced on August 21, 2025. The deal integrates over 5,600 employees globally into Wipro’s Engineering Global Business Line, strengthening its AI, R&D, and engineering innovation capabilities.

Key Highlights of the Acquisition

• Deal Value: $375 million
• Completion Date: December 2, 2025
• Unit Acquired: HARMAN’s Digital Transformation Solutions (DTS) business
• Employee Integration: Over 5,600 DTS employees across Americas, Europe, and Asia
• Business Alignment: DTS will operate under Wipro’s Engineering Global Business Line
• Strategic Focus: Enhancing AI capabilities, engineering innovation, and R&D excellence

Strategic Significance

The acquisition expands Wipro’s footprint in digital engineering and AI-driven transformation. DTS’s advanced AI solutions will integrate with Wipro’s IntelligencAI platform, while its client base in automotive, healthcare, and industrial sectors enhances Wipro’s industry reach.

Risks & Considerations

• Integration challenges across 5,600 employees globally
• Competition from Infosys, TCS, and Accenture
• Regulatory compliance across multiple jurisdictions
• Client retention during transition phase

What This Means for Wipro

This milestone positions Wipro as a stronger player in high-value R&D outsourcing, complementing its IT services with deeper product engineering expertise and global talent.

Wipro Consumer Care Targets Local FMCG Brands with ₹7,000 Cr Fund

Wipro Consumer Care & Lighting has set aside ₹6,000–7,000 crore to acquire regional brands in higher-margin categories, focusing on personal care and fast-growing consumer segments reported the economic times, citing the company’s Chief Executive Vineet Agrawal. 

Key highlights

• War chest size: ₹6,000–7,000 crore earmarked for acquisitions.
• Target focus: Regional brands with strong local presence, especially in personal care and other higher-margin categories.
• Strategy: Prefers established local brands rather than building new ones, to accelerate market expansion efficiently.
• Recent moves: Wipro Consumer Care recently acquired three soap brands—Jo, Doy, and Bacter Shield—from VVF India to strengthen its personal care portfolio.

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Strategic rationale

• Higher-margin categories: Personal care, skincare, and niche FMCG segments typically deliver better profitability compared to commoditized categories like packaged foods.
• Regional strength: Local brands often have deep consumer loyalty and distribution networks, making them attractive for scaling.
• Portfolio diversification: Expanding beyond flagship products like Santoor soap into broader categories helps Wipro compete with giants like HUL, Dabur, and Marico.

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Market context

• Growth of regional and niche brands: India’s FMCG sector is witnessing rapid growth in regional and niche brands, especially in Tier-2 and Tier-3 cities.
• Local trust: Consumers increasingly prefer trusted local names in personal care, herbal, and wellness categories.
• Competitive moves: Competitors (e.g., HUL acquiring regional ayurvedic brands, Marico investing in D2C startups) are following similar strategies, highlighting the importance of localized acquisitions.

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Risks & challenges

• Integration risks: Aligning acquired brands with Wipro’s supply chain and marketing strategy may be complex.
• Valuation pressures: With multiple FMCG players chasing regional brands, acquisition costs could rise.
• Consumer perception: Over-commercialization of local brands may dilute their authenticity if not managed carefully.

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Outlook

Wipro Consumer Care’s aggressive acquisition strategy signals its intent to scale rapidly in India’s fragmented FMCG market. By leveraging its financial reserve, the company is positioning itself to capture emerging consumer trends in personal care and wellness, while strengthening its competitive edge against larger rivals.

Would you like me to map out potential acquisition targets in India’s personal care and wellness space (e.g., regional herbal, ayurvedic, or niche skincare brands) that fit Wipro’s strategy?

Wipro Secures Multi-Year AI-Powered IT Transformation Deal with Odido Netherlands

• The multi-year engagement marks a significant shift in Odido’s IT strategy with Wipro bringing deep domain expertise, AI-powered delivery, and a design-led approach to drive innovation

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a multi-year engagement with Odido Netherlands B.V.* to transform its IT landscape and enhance customer experience across their enterprise and consumer segments.

By combining AI and deep consulting expertise, Wipro will help Odido improve customer engagement and satisfaction, improve productivity, and streamline operations to reduce costs. A key highlight of this multi-year engagement is the use of a self-funded model, where productivity-driven savings are reinvested to continuously fund new digital initiatives, ensuring that innovation remains both sustainable and scalable.

As part of the engagement, Wipro will lead a full-scale modernization of Odido’s digital and enterprise technology landscape as well as drive IT simplification and automation. This transformation will be powered by Wipro’s WEGA and WINGS AI delivery platforms, part of Wipro Intelligence™, Wipro’s unified suite of AI-powered platforms, solutions, and transformative offerings, and will enable Odido to build and manage a dynamic ecosystem of agent-driven services and solutions that will help improve their service reliability, IT operations, and incident resolution rates.

Additionally, Wipro’s conversational AI chat solution will further enhance responsiveness and resilience across Odido’s technology ecosystem by delivering contextualized, multilingual, and conversational self-service capabilities.

Wipro’s experience-led studio model, powered by Designit, will be a central part of the engagement. By integrating Wipro’s design studio with its development, design, and engineering teams, user and business needs will be captured early, seamlessly translating into solutions, and delivering with speed and excellence. This collaboration will help Odido accelerate time to market and consistently deliver high-quality digital experiences.

“At Odido, our goal is to make technology more human. Everything we do is driven by a human-centric approach. This applies not only to our network services and product innovations, but also to our processes, operations, and IT infrastructure,” said Robert Purdy, Chief IT Officer at Odido Netherlands. “Our collaboration with Wipro supports this ambition and enables us to take the customer experience to a next level.”

Graziella Neuvéglise, Managing Director, Western Europe, Wipro Limited, said, “Odido’s trust in Wipro reflects our ability to deliver strategic value through intelligent operations, agile development, and a future-ready IT strategy. This transformation is consulting-led, with our teams shaping the roadmap, optimizing processes, and aligning technology with business goals. By combining this expertise with Wipro Intelligence, our unified suite of AI-powered platforms, solutions, and transformative offerings - we’re not just modernizing Odido’s IT infrastructure - but reimagining how technology boosts businesses and puts customers at the heart of their evolution. This engagement underscores our commitment to delivering impactful solutions that help our clients thrive in a rapidly evolving business landscape.”

*This deal was mentioned in Wipro Limited's financial results announcement press release, dated October 16, 2025, for the quarter-ended September 30, 2025, with a description of Odido but without naming the company.

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.