FinTech 100 Ranks Wipro in Top 25 Enterprise Companies in the Financial Services Industry

Bangalore, Karnataka, India , 2006-11-15

Wipro Technologies, the global IT services division of Wipro Limited (NYSE: WIT) and a global leader in IT services and a leading provider of innovative, high quality solutions for the global financial markets has been ranked in top 25 enterprise companies in the FinTech 100 rankings. FinTech top 25 enterprise companies recognizes technology companies that provide solutions and services across multiple industries, and have significant focus in the financial services industry. FinTech 100 is an annual ranking of the hardware, software and services providers within the financial services industry announced by the American Banker, SourceMedia's flagship publication for banking and financial services professionals, and global independent advisory firm Financial Insights, an IDC Company.

This recognition is in conjunction with Wipro's ranking in top 50 global technology and institutional front-office providers by the editors of Securities Industry News and the research directors at Financial Insights. "Wipro has been a trusted partner for growth, of a number of financial institutions worldwide. Having a spot in these esteemed rankings reinforces our leadership position and recognizes our capabilities in the financial services domain", said Mr. Girish Paranjpe, President of Finance Solutions Division, Wipro Technologies.

"These rankings truly reflect our keen focus on providing all-round integrated solutions to the financial services industry and inspire us to continue our good work. Besides coming out strongly in providing BPO services for Financial services sector, Wipro has also been increasing its domain knowledge by setting up over 40 centres of excellence for competency development in areas like MiFID, Hedge funds, Wealth Management, Mortgage processing, Card payment network, New business and underwriting, Policy administration", he added

For the year ending March 31, 2006, combined revenues for the Financial Services business stood at $500 million from global operations including India and Asia Pacific operations. Wipro counts some of the most prominent Investment banks, Brokerage houses, Asset Managers, Stock Exchanges, Custodians, Retail banks, Commercial banks and Insurance companies as its clients.

About Wipro Limited & forward-looking and cautionary statements please see link below

http://www.wipro.com/news/about_wipro.htm


Contact

Sanjeeth Boloor ( India), Wipro Technologies, +919845294767
[email protected]