IT Major only Indian company to feature in the list.
Bangalore, India, September 17, 2007
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it has been named one of 10 technology companies to watch by Bank Technology News in the August 2007 issue. Bank Technology News is a monthly magazine published by New York based Source Media.

According to Bank Technology News, the annual ranking lists technology companies that are able to meet challenges faced by financial institutions with forward looking solutions that are intelligent, creative & innovative.

“Financial institutions are challenged by stringent regulations around customer information, data security and financial transactions, Wipro understands the challenges faced by the industry and models its offering based on the ever changing environment,” said Girish Paranjpe, President Wipro Technologies Financial Solutions. “This recognition by Bank Technology News underscores Wipro’s best in class offerings for the Financial Services industry.”

Paul Roehrig, senior analyst at Forrester Research, a leading independent technology research and advisory firm, was interviewed by Bank Technology News for the August 2007 article. In that interview, he identifies Wipro as a credible and competitive player across multiple lines of service.

Wipro has a dedicated business unit for financial services clients which contributes close to 24% of Wipro Global IT and BPO revenues. Wipro has built proven capabilities in developing and implementing solutions for each of the Banking, Capital Markets, and Insurance industries. With more than 10000 consultants Wipro has experience working across the entire range of market participants in the financial industry.

Bank Technology News was established in 1987 for IT executives, senior banking professionals, solution providers and analysts who are actively involved in technology decision making necessary to carry out an institution's strategic vision.

To view the complete story, please log on to www.banktechnews.com

About Wipro
Wipro Technologies, a division of Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. 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 development and maintenance 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 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 websites at www.wipro.com, www.wiprocorporate.com

Media Contacts:
India:
Sanjeeth Boloor
Wipro Technologies
+91- 9845294767
sanjeeth.boloor@wipro.com

Subramaniam
Gutenberg PR
+91 9945688111
subra@gutenbergpr.com

Ranjani S Roy,
Gutenberg Communications,
+91 9886377941,
ranjani@gutenbergpr.com

Sunanda Sanganeria,
Gutenberg Communications,
+91 9811553623,
sunanda@gutenbergpr.com

US
Lavanya DJ
Gutenberg PR
+ (212).239.8740
lavanya@gutenbergpr.com

UK
Rahul Kadavakolu
+44 792 020 5496
rahul.kadavakolu@wipro.com

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 visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.in