Recognized as "Best Practice"
Bangalore - May 24, 2012:
Wipro's Mission10X today announced that it has been honored with the "Best Practice" award at the 13th Annual Corporate University Xchange ("Corp U") Awards for Excellence and Innovation. Corp U, the leading talent development insight and education provider, presented the award as part of the 13th annual Global Leadership Congress at the University of Pennsylvania in Philadelphia.
Wipro's Mission10X not-for-profit trust, was recognized for its best and innovative practices in the field of Engineering Education. Mission10X was launched on September 5, 2007, with an aim to enhance the employability skills of engineering graduates in India and has gathered huge momentum over the last 4 years in Indian Engineering Education space. Corp U Best Practice Award was received by Nagarjuna S, Head Mission10X at a gala function held at University of Pennsylvania, Philadelphia.
Champion of Mission10X initiative Mr. Pratik Kumar, Executive Vice President, Human Resources, Wipro Limited said "I am delighted to see Mission10X being recognized as Best Practice by Corporate University Exchange (Corp U) for Excellence and Innovation. My congratulations to Mission10X team, the academia and partners who have been part of this journey over the last 4 years in making Mission10X part of the significant engineering education initiatives across the globe. Wishing all the best for many more accolades to Mission10X!"
"We congratulate Wipro – Mission10X for their commitment to innovation and unleashing the creative power of Mission10Xians across India," said Alan Todd, CEO of Corp U. "Innovation does not occur in a vacuum, and we are confident that the insights shared at the Global Leadership Congress will serve as an engine for each of the participants to drive sustained business growth well into the future." He added.
The Corp U Awards for Excellence and Innovation are the longest running independent evaluation of corporate learning and talent programs. The awards honor corporate, non-profit and government learning organizations that improve both business and employee performance through Alignment, Alliances, Branding, Launching, Leadership Development, Learning Technology, and Measurement. A panel of independent, expert judges from companies including Ernst and Young, GE Energy, McCain Foods, Kelly Services, Alstom University, and Landi Renzo scored the award applicants based on various criteria specific to each category.
For Further Information, please contact:
Chaya Ganapathy, Wipro Limited
Mr. Aravind Viswanathan, Investor Relations, Wipro Limited
With its vision of employability skills enhancement, Mission10X is reaching out to students through empowered teachers and building a ecosystem by developing the leaders. Universities across India have concurred with this initiative and are actively supporting. NASSCOM [National association of Software and Service Companies (India)], the IT industry association, has partnered with Mission10X recently to adapt Mission10X methodology as the backbone of pedagogy across IT industry members.
Mission10X has so far empowered more than 23,000 faculty members in the innovative Mission10X Learning approach. More than 1200 engineering colleges from 25 Indian states viz., Andhra Pradesh, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Punjab, Puducherry, Rajasthan, Sikkim, Tamil Nadu, Assam, Tripura, Uttarakhand, Uttar Pradesh and West Bengal have benefited from this initiative. For more information, visit www.mission10x.com
About Corporate University Xchange:
Corporate University Xchange (Corp U) is transforming the way companies solve problems, generate ideas and improve business performance through social learning and talent development. A partner to the world's leading organizations through collaborative thinking and learning communities, Corporate University Xchange is at the forefront of the projected $150 billion market for corporate learning in the 21st century. For more information, visit www.corpu.com.
Wipro's 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.