Wipro Inaugurates Development Centre in Chengdu, China

BANGALORE, India & CHENGDU, China--(BUSINESS WIRE)--Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) announced the inauguration of its global delivery centre at Chengdu, China to provide IT & BPO services to its customers. The center will have secured facilities, labs and infrastructure for customer projects and can grow to provide a capacity of 1000 seats.

“Chengdu is a great outsourcing destination and we are happy that Wipro is inaugurating its center here today.”

The new centre will broaden Wipro’s service capabilities along with its existing presence in Shanghai. The Vice-Province Governor of Sichuan province, Mr. Li Chengyun, and the Mayor of Chengdu city, Mr. Ge Honglin, officially inaugurated the center today, jointly with Mr. Sambuddha Deb, Executive Vice President and Chief Delivery Officer, Wipro Technologies.

This center will extend Wipro’s expansive portfolio of IT service to its customer with an initial focus in the first year on Testing and Enterprise Application services for the Manufacturing, Banking, Financial Services & Insurance (BFSI) industries. The center would provide multilingual services in English, Chinese and Japanese. Chengdu was chosen as a location due to its conducive business environment, talented pool of IT professionals and the city’s excellent infrastructure. The center currently employs over 100 people and the IT major plans on increasing this headcount.

Inaugurating the new centre Mr. Ge Honglin, Mayor of Chengdu city said, “Chengdu is a great outsourcing destination and we are happy that Wipro is inaugurating its center here today.”

Speaking at the inauguration, Sambuddha Deb, Executive vice president and Chief Delivery Officer, Wipro Technologies said, “This facility in Chengdu is one of the global strategic centers that we are creating around the world. Our employees here would be trained in Wipro’s quality processes, technologies & the high global delivery standards that Wipro is renowned for.” Wipro has been successfully diversifying its footprint in multiple countries and the Chengdu center is a part of its globalization strategy which includes enabling near shore delivery.

About Wipro

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 profitable 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.

For more information, please visit our website at 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.