Bangalore, India - March 10, 2010:
Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced that it has won a turnkey project from the Financial Intelligence Unit - India (FIU-IND), Ministry of Finance, Government of India.
As part of the project, Wipro will implement FINnet (Financial Intelligence Network) for FIU-IND. The scope of services includes development of Portal, Data warehousing, Deduplication, Analytical Application and ERP implementation at the Data Centre and Disaster Recovery site. The project is scheduled to be completed in 24 months in different phases with a further service period of 36 months.
Project FINnet would greatly enhance the efficiency and effectiveness in the FIU-IND’s core function of collection, analysis and dissemination of financial information. IT enablement of key processes would ensure substantially higher productivity, faster turn-around-time and effective monitoring in all areas of FIU-IND’s work.
The project assumes significance in the light of growing economic crimes within the country and the government’s efforts to arrest it. With this project, the government intends to use technology for bringing efficiency into analysis of data.
Speaking on the occasion, Mr. Arun Goyal, Director FIU India, said “Wipro has been selected through an open and stringent bidding process. We are keen on timely implementation of the Project as it will significantly enhance FIU-IND’s capabilities to collect financial information from various reporting entities, analyse it and disseminate actionable information to various law enforcement and intelligence agencies.”
Speaking about the win, Mr. Ranbir Singh, Head, Government Vertical, Wipro Infotech said, “This is a very prestigious project for us and we are delighted to have been selected for it. Wipro understands the unique requirements of the government sector, having been part of several big projects in the government space over the past two decades. Further, our vast technology expertise, process excellence and global delivery model puts us in a unique position to offer the best possible solution. We are confident that this implementation will bring in more effective governance from both the economic and security points of view.”
About Wipro Infotech
Wipro Infotech, a division of the US$5 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company 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. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. 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.
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