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Wipro opens office in Saudi Arabia

  • Saudi Arabia: Wednesday, October 22 - 2003 at 16:05
  • PRESS RELEASE

Wipro Infotech, the Middle East, India and Asia Pacific IT division of USD 902 Million Wipro Limited (NYSE:WIT), is in the process of opening its own office in Al Khobar.

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  • Mr. Azim Premji, Chairman, Wipro Limited.
    Mr. Azim Premji, Chairman, Wipro Limited.
Wipro's new facility spans over 4000 sq feet and includes a state-of-the art technical competency center. The company plans to train Saudi Nationals on SAP and other emerging technologies to meet the growing demands of corporates in the Kingdom.

Mr. Azim Premji, Chairman, Wipro Ltd., said, "Saudi Arabia is emerging as a key IT services market. The market has always been strategic to us. By opening our own business development facility, we are clearly re-iterating our commitment to grow our business in Saudi Arabia.

Having started operations in June 2001 in Saudi Arabia, Wipro has built a strong customer base in the Kingdom in just two years. The company has been working closely with the Dar Al Riyadh Group, headed by H.H Prince Turki Bin Abdulla Bin Abdulrahman Al Saud, as its local partner to address the IT needs of customers in Saudi Arabia.

During his visit to the region, Mr. Azim Premji announced plans to offer IT services in Bahrain. Wipro is closely working with the Maskati Commercial Services, headed by Mr. Adel Maskati, as its local partner to address the IT needs of customers in Bahrain.

Commending the efforts of Bahrain in promoting IT, Mr. Premji said, "I am delighted to learn that the telecommunications infrastructure in Bahrain is amongst the most sophisticated in the world. Coupled with a vision of being a regional telecommunications and information technology hub in the Middle East, I expect Bahrain to be the key IT growth in the region."

"We will continue to provide value to the region through our vast global experience, robust quality processes, in-depth understanding of various domains and our comprehensive range of high value IT services," concluded Mr. Premji.

Today, Wipro has over 200 skilled professionals working on various projects across the Middle East. Its major thrust is on high-end of the IT Services value chain that includes Technology Services, Software Solutions and IT consulting. Furthermore, Wipro is amongst the largest IT companies in India with operations across the USA, Europe, Japan, Asia Pacific, Australia and the Middle East. Many of the Fortune 500 companies are its customers.
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Notes and media contacts

About Wipro Infotech:
Wipro Infotech, a division of the US $902 million Wipro Limited, provides enterprise customers with high value Information Technology products, Services, Solutions and IT Consulting Services in India, and provides Technology & Software Services and IT Consulting Services in the Asia Pacific and the Middle East. It is the world's first Products, Services and Solutions Company to be certified, Enterprise wide at Level 5, Version 2.0 of PCMM. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It has business offices in the Middle East and Asia Pacific. Wipro Infotech has been rated No: 1 Network Integrator in India by Voice & Data Magazine for five years in succession from 1998-2002.

About Wipro Limited

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. Wipro Limited is the first P CMM Level 5 and SEI CMM Level 5 certified IT Services Company 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 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. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.co.in

Wipro's forward looking and cautionary statements

Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

For further information, please contact:

Agency Contact:

Prem Ramchandran
ASDA'A Public Relations
Dubai, UAE
Tel: 00 -9714-3344550
Fax: 00 -9714-3344556

Wipro Infotech (UAE)

Mansoor Ahmed
General Manager, Middle East Region,
Wipro Limited, Dubai Internet City Building 12, Office -124
Dubai, UAE
Tel: 00-9714-3913480

Wipro Infotech (Bangalore)

Kiran Rao (India)
Manager-Marketing
Wipro Infotech
Bangalore
Tel: 91-80-8440011. Ext-394

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