Bangalore, India - March 14, 2016:
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that it has been awarded the Innovation Award by the Institute of Internal Auditors (IIA) at its annual conference held in Delhi. This award aims to encourage and reward organizations and individuals associated with the internal auditing profession, for the innovative practices they have introduced in this field.
IIA is the leading voice for the internal auditing profession globally and provides thought leadership in the area of auditing, governance, risk and compliance. The Institute hosts an annual conference, which brings together professionals from the industry to discuss topics related to Internal Audit which are of significance globally.
For 2015-16, the nominations received by the IIA were evaluated by some of the most eminent people from the industry, leading to the final selection of the winner.
Congratulating the winners, Sumant Chadha, IIA President, India said, "The 2016 IIA India Innovation Award for Excellence in Internal Audit is a recognition of the multifarious efforts put in by the winners in using innovative means including technology and innovative processes in order to achieve organizational benefits, meet multiple stakeholder expectations, training and performance deliverables."
Deepak Jain, Head of Corporate Audit, Wipro Limited said, "At Wipro, the innovative use of technology to improve processes and controls helps manage the inherent risks of a fast-changing business environment. We are proud of this honor and this recognition encourages us to raise the bar further as we continuously strive towards building a responsive and resilient organization."
The award was shared by Wipro and Airtel.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology." By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit 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 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.