Wipro Ranks in Top Ten Among Leading Outsourcing Vendors for North America

1/23/2004 - Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), announced winning a spot in the top 10 leading outsourcing vendors in META Group’s recently released METAspectrumSM for Leading Outsourcing Vendors – North America. META Group (Nasdaq: METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies.

The new METAspectrum evaluation provides an objective assessment of companies providing IT Services. “We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market,” said Dean Davison, Vice President & Director, META Group.

Wipro Technologies was positioned in the “Challenger” segment of the METAspectrum analysis, and was acknowledged for its leadership in quality practices, its cost structure and higher growth rates relative to other offshore and domestic vendors.

“We are pleased by our favorable rating in the METAspectrum based on our global presence and delivery excellence in providing quality IT, BPO and Product Design services to our clients, across the globe,” said Sudip Banerjee, President – Enterprise solutions, Wipro Technologies. “This rating validates our approach in achieving the vision of being amongst the top 10 Global IT service providers and inspires us to work towards providing yet better value to our customers.”

Wipro Technologies serves more than 300 customers across USA, Europe and Japan (50 of these are Fortune 500 companies), offering software application development and maintenance, IT consulting, business process outsourcing, product design, system integration and remote infrastructure management services. It operates in 30 offices worldwide and has about 25,000 IT practitioners and domain consultants. It is part of the TMT (Technology-Media-Telecom) Index of the New York Stock Exchange.

“IT organizations may successfully engage in services agreements with any vendor in this evaluation. Each is technically competent. More important will be vertical skills, cultural alignment, business objectives, and other less-tangible characteristics” said Dean Davison, Vice President & Director, META Group.

About METAspectrum
METAspectrumSM evaluations from META Group (Nasdaq: METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum delivers comprehensive evaluations of both technology markets and vendor product offerings. There are multiple market evaluations planned for release in 2004 and beyond. METAspectrum evaluations are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit www.metagroup.com/metaspectrum

About Wipro Limited
Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development 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 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 ADSs 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, among others. More information is available at www.wipro.com.

For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com & www.wipro.co.in

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