Visakhapatnam and Bangalore, India - September 22, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced the formal opening of a 2,000 seat delivery centre in Vishakhapatnam, in Andhra Pradesh. The centre, which is currently operational with about 100 employees, will ramp up to more than 300over the next three months.
The campus was inaugurated by Dr. Daggubati Purandeswari, Honorable Minister of State for Human Resource Development (Higher Education), Government of India. In line with the company's commitment to developing local talent, Wipro will work closely with several universities in the region to recruit young graduates.
Hari Hegde, Vice President and Global Head of Operations, Wipro said, "We have been present in Andhra Pradesh for the last two decades, and it gives us great pride to expand our footprint to Vishakhapatnam, the second-largest city in the state. The city's business friendly environment, local infrastructure and talent pool make it an ideal location for our business operations. This centre will support Wipro's continued expansion in Andhra Pradesh and contribute to creating an ecosystem that further enhances local resources and skills."
At present, Wipro's operations are spread across multiple facilities in Hyderabad and its employee headcount in Andhra Pradesh is over 10,000. Wipro has been the recipient of several awards and accolades such as ‘Best Export Performance amongst private SEZ units in Andhra Pradesh' for 2008-09 and 2009-10. The company was also recognized as the second largest IT exporter in Andhra Pradesh for the year 2011 by ITsAP (The IT and ITES Industry Association of Andhra Pradesh); and for the years 2009, 2010 and 2011 by the Department of IT and Communications, of the Government of Andhra Pradesh.
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 135,000 employees and clients across 54 countries. 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.