Bangalore, India - June 13, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced the appointment of Manish Dugar as Senior Vice President and Global Head of Wipro BPO and Jatin Dalal as the new Chief Financial Officer for the IT Business.
Manish Dugar has been a long term member of the Wipro Technologies leadership team and brings a deep knowledge and understanding of both the strategic and operational facets of the business and will drive Wipro's worldwide position in the BPO space. Manish has most recently been serving as the IT Business CFO, where he led strategic initiatives including growing the Wipro footprint into new markets, enhancing operations and transaction processing for the group.
After a successful stint as the Head of Wipro BPO, a time in which Wipro witnessed significant growth and penetration into new geographies and business lines; Ashutosh Vaidya, the incumbent has decided to move on to pursue other personal and professional interests outside Wipro.
Jatin Dalal who will be taking over from Manish Dugar as the new CFO for the IT Business where he will be responsible for furthering finance support for Growth initiatives, driving efficiency & simplification in processes and leading profitability improvement. Jatin will report to Suresh Senapaty and TK Kurien. Previously, Jatin was the Finance Head for E&U, Manufacturing & Hitech SBUs and Product Engineering Service line globally.
TK Kurien, CEO IT Business and Executive Director, Wipro Ltd. said, "Manish has enormous passion for this business and his previous role as the CFO will equip him to fully understand and respond to the challenges and opportunities that confront our customers on a daily basis. He has a natural enthusiasm for the BPO sector and a wealth of experience that makes him an ideal leader for such a vital part of Wipro Technologies."
Suresh Senapaty, CFO and Executive Director, Wipro Ltd. added, "Jatin has played a crucial role within Wipro Technologies heading the finance function for multiple business units. His experience heading Financial Planning & Analysis (FP&A) and Europe Geo for the IT Business will uniquely position him for his new role and we are confident that he will continue to lead Wipro’s financial prudence."
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
Media Contacts: Wipro Technologies
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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 our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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 we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and 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. We 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. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.