Wipro Technologies (NYSE:WIT) has received Information Today's KMWorld - KM Reality Award validating Wipro's leadership in Knowledge Management. This award recognizes Wipro Technologies' efforts in building and maintaining a successful corporate-wide knowledge management program. The award was presented at a recent ceremony, KMWorld and Intranets 2002, in Santa Clara.

KMWorld is the world's largest and most comprehensive conference and exposition dedicated to Content, Work, Collaboration, Knowledge and Intellectual Asset Management, and Business/Competitive Intelligence. KM Reality honors organizations that demonstrate leadership in the implementation of knowledge management practices and processes by realizing measurable benefits. The program has to be in place for a minimum of two years, demonstrate senior management support and have defined metrics in place to evaluate the program and its impact on organizational goals.

Praising Wipro's knowledge management initiative, KM World's Executive Editor Hugh McKellar said, "In many organizations, knowledge management is just rhetoric. The KM Reality award recognizes an organization in which knowledge management is a positive reality. Wipro as the recipient of this year's KM Reality award is an organization demonstrating leadership in the implementation of knowledge management practices and processes by realizing measurable business benefits."

"Wipro as the winner of the KM Reality award consistently delivered on the expectation of knowledge management," continued McKellar.

As part of its approach to Knowledge management, Wipro has successfully used its inherent strengths in people and processes to evolve an IT-enabled Framework cutting across the boundaries of Culture, Content, Communities and Business Processes. All of Wipro's initiatives like Six Sigma, PCMM, CMMi feed into the central knowledge management repository on a continuous basis.

"Having an unified framework has helped build a cohesive knowledge base across the company accessible to the entire user community in Wipro. Winning this award is a validation of our approach to Collaboration and Knowledge Management at Wipro", said Sambuddha Deb, Chief Quality Officer of Wipro Technologies.

Wipro has started offering its Collaboration and Knowledge Management solutions and expertise to Global Corporate Enterprises by providing end-to-end Collaboration and Knowledge Management services, including: KM application development for Knowledge Portals, Expertise Management Systems, Knowledge Repositories and Executive Dashboards through a unique blend of domain knowledge, technology expertise and process excellence.

About Wipro Limited
Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations.

Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock exchange - Mumbai, and the National Stock Exchange, among others.

For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com, and www.wipro.co.in

Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.