Bangalore, June 26, 2007
Wipro Technologies, the global IT services business of Wipro Limited today announced that Wipro BPO and Cairn India (CIL) relationship was declared the winner at the first annual "FAO Research Awards of Distinction". The award recognizes outstanding partnerships in the finance & accounting outsourcing space. This unique initiative acknowledges engagements that have achieved dramatic measurable business results by leveraging the process and skill expertise attained through finance & accounting outsourcing (FAO).

An independent panel of judges identified and evaluated companies and their outsourcing service providers on multiple parameters that included but not limited to - Business transformation, Regulatory compliance, Return on investment, Increased efficiency in processes and Alleviating business pains. Wipro's partnership with Cairn India started in late 2005. Together they have developed a number of innovative solutions that has enabled Cairn India to manage business processes more effectively.

Don Brilz, Head, Programme Office, Cairn India said, "Cairn India is developing its world class oil and gas discoveries in Rajasthan in northwest India. In order to meet the business challenges of this development a significant change in our business processes throughout the organization was needed. The partnership with Wipro in F&A will significantly help us use the wider Wipro organization to implement the required automated tools such as SAP ERP with the provision of the back office finance and accounting support. This together with our corporate governance standards will help us ensure a successful transformation as the company continues its growth in India."

T.K. Kurien, CEO, Wipro BPO said, "The award is a reaffirmation of Wipro's focus on building innovative & transformational solutions. CIL is a strategic customer and we would always work towards aligning our solutions to address their business challenges that would in turn help them gain competitive advantage."

"Our FAO Awards of Distinction recognize extraordinary relationships between FAO suppliers and their clients," said Lisa Maio Ross, CEO of FAO Research. "The 2007 awards validate the commitment and collaboration required by supplier and buyers to ensure successful outsourcing engagements, underscoring the industry's most measurable and dramatic business results."

Wipro's F&A Outsourcing division also recently won the Shared Services Excellence Award, Honorable Mention for "Best Matured Shared Services", the "2007 Global F&A Excellence Award" & the "Global BPO Standard Bearer Award" from the International Quality and Productivity Center (IQPC)

About Cairn India
Cairn India focuses on oil and gas in India. The company holds material exploration and production positions in eastern and western India, and new exploration rights elsewhere in the country. It has made a number of recent oil and gas discoveries, including the Mangala oil field in Rajasthan. In January 2007, Cairn successfully concluded the flotation of its business in India by listing Cairn India Limited on the Bombay Stock Exchange and National Stock Exchange in India. Cairn Energy PLC holds 69 percent of shares in Cairn India Limited. For more information, visit www.cairnindia.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