Wipro Technologies have been assessed at Level 5 of People Capability Maturity Model (PCMM) under the Software Engineering Institute - Carnegie Melon University's certification process. Wipro Technologies is the first company in the world to win this certification.

Wipro Technologies, world's first software services company to achieve SEI-CMM Level 5, now has the unique and dual distinction of being the only organization in the world to be assessed at Level 5 under both the SEI-CMM and PCMM processes.

The Quality Assurance Institute, an assessor accredited by SEI/TeraQuest, conducted the assessment over a period of nine days covering all the strategic business units and divisions of Wipro Technologies, Bangalore, encompassing over 6000 employees.

"Being the first global software services company in the world to achieve the highest level (Level 5) in the People Capability Maturity Model (PCMM) is representative of our total focus on people and quality processes. PCMM gives us a great framework to match changing business needs with development of employee competencies while providing employees with a pro-active career management tool. As people and quality processes touch everything we do, it gives our customers on time, on budget project deliveries regardless of size and complexity" said Vivek Paul, Vice Chairman and CEO, Wipro Technologies.

"Assessment at Level 5 of PCMM is a tribute to all employees in Wipro who have played a critical role in successfully driving people processes in the organisation with pride and passion. This certification is dedicated to every employee of Wipro who made this possible. This is clearly a step forward in our vision of being among the top ten most preferred employers globally", said Dileep Ranjekar, Corporate Executive Vice President - Human Resources, Wipro Corporation.

"PCMM Level 5 is an affirmation of our continued focus on people and business process improvements. We will continue to work on new challenges, embrace new practices and work towards making Wipro genuinely the most preferred work place for employees. To us PCMM Level 5 is not just another trophy, it is the way we run our business," said Pratik Kumar, Vice President - Talent Engagement & Development, Wipro Technologies.

The PCMM Model is the only such framework currently in existence. It helps organisations successfully address critical people process issues. Based on the current best practices in human resources, knowledge management and organisation development fields, the PCMM guides organisations in continuously improving their processes for more effective management and development of their work force.

The PCMM framework decisively helps organizations improve the maturity of their people practices, establishing a programme for continuous development and integration of talent development with process improvement and finally promoting a culture of excellence and innovation.

After successes of ISO, SEI-CMM and Six-Sigma journey, PCMM Level 5 is the latest achievement of Wipro Technologies in their quest for excellence in people and business processes. PCMM Level 5 assessment signifies commitment of the highest order of Wipro Technologies towards its people.

Wipro has pioneered excellence in several people processes since the 70's. Competency based talent hiring (1971), Performance Linked Pay (1973), Employee Stock Award programme (1983), Economic Value Add based stock award programme (1989), Human Resources Review and Succession Planning (1994), Competency based Human Resources Practices (1998-99), Life cycle Leadership Development (2000) are a few examples of such processes.

About Wipro
Wipro Limited is the first SEI CMM Level 5 certified IT Services Company globally. Wipro provides Research and Development services to Telecom and Electronic product companies and software solutions to global corporate enterprises.

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 and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting.

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 website at www.wipro.com.

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.

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