Bangalore, India - October 1, 2010:
Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT) today announced the appointment of Sid Nair as Chief Sales and Operations Officer for USA and Canada. In his new role Sid will focus on driving value to customers’ business and growing Wipro’s market presence across all business units for the region. With our customers’ agenda in the forefront, he will lead the field force team to deliver on our commitments and stated goals by leveraging Wipro’s strength in innovation, technology, process insight and globalization to further enhance the company’s position as a business transformation catalyst.
Sid is replacing Manoj Punja, who will lead Wipro’s Eco Energy business in the Americas along with driving special initiatives in IT Services.
Sid Nair has been with Wipro for over 15 years and has held various leadership positions across different business units in this duration. Commenting on his new role Sid said; “I am very excited to take up this important leadership position within Wipro and hope to deepen the value we bring to our customers and grow our business in Wipro’s largest market”. Martha H. Bejar, President, Global Sales and Operations at Wipro Technologies said, “USA and Canada together make up our biggest market. Appointing Sid to lead this market was the natural choice and we are confident that under his steadfast leadership, Wipro will advance its customers’ agenda and further its business in this region.”
In the course of his career at Wipro, Sid has led various divisions, within software products and software services, and brought in significant growth. He was also responsible for Wipro’s entry strategy into the APAC software services market. He moved to the US in 2000 to head the BFSI division and subsequently took over the RCTG (Retail/CPG/Transportation) division.
Sid holds an MBA degree from T.A Pai Management Institute, Manipal, near Bangalore, and is based in Dallas, Texas.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed 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 a strong 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 ADS' 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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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.