Bangalore, February 14, 2008:
Wipro Infotech, the India, Middle East and Asia Pacific IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced that it has won a comprehensive IT outsourcing contract from Pantaloon Retail (India) Ltd. Pantaloon Retail is India's leading retailer and operates multiple retail formats in both the value and lifestyle segments of the Indian consumer market. Pantaloon operates over 1000 outlets across 53 cities in India.

Pantaloon Retail has ambitious growth plans to enhance their geographical footprint and will increase their outlets to over 2,500 over the next 5 years. In its endeavour to capture a large pie of the consumption basket of Indian consumers, Pantaloon is aggressively launching innovative retailing formats and differentiated private labels.

To support these strategic initiatives, Pantaloon has selected Wipro for delivering streamlined IT operations. As part of the scope, Wipro is responsible for rolling out and managing the IT operations across all the outlets of Pantaloon. Wipro will deliver comprehensive infrastructure management and application support services, managed security services and data centre hosting, operations & management services. Wipro will leverage its state of the art Global Service Management Centre to deliver predictable & scalable IT services platform for Pantaloon.

Speaking on the occasion, Kishore Biyani, Managing Director, Pantaloon Retail, said "Pantaloon is driving innovation and thought leadership in India's retail industry. Technology is core in driving these objectives. We believe Wipro's leadership in technology & service delivery innovation coupled with our innovative strategies will redefine the retail landscape in India. This partnership is valuable to all our stakeholders including customers and employees."

Suresh Vaswani, President - Wipro Infotech & Global IT Practices said "We are delighted to be partners in the retail revolution unleashed by Future Group which has transformed the consumer experience in India. Wipro will deliver IT transformation for Pantaloon by creating scalable and agile operations which will become the bedrock of geographical expansion and superior customer experience. This partnership brings together two innovation led organizations strongly focused on the Indian customers & their unique needs."

Ushir Bhatt, Executive Board Member, Pantaloon Retail said "IT is a key driver of innovation and growth at Pantaloon. We selected Wipro as they bring together a unique blend of agility, technology expertise in applications & infrastructure and excellence in people & processes. These are the key ingredients which will enable a platform to achieve our growth and industry disruption paradigms."

About Pantaloon Retail (India) Limited
Pantaloon Retail (India) Limited, is India's leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer marker. Headquartered in Mumbai (Bombay), the company operates over 7 million square feet of retail space, has over 1000 outlets (including shop-in-shops) across 53 cities in India and employs over 24,000 people.

The company's leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include, Depot, Shoe Factory, Brand Factory, Blue Sky, Fashion Station, aLL, Top 10, mBazaar and Star and Sitara. The company also operates an online portal, futurebazaar.com.

About Wipro Infotech
Wipro Infotech, a division of the US$ 3.47 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Services, Solutions and Consulting Services in India, and provides Technology & Software Services and Consulting Services in the Middle East and ASEAN. 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 is ranked No. 2 in Indian Domestic IT Services Market in 2005, according to IDC's report Indian IT Services Market Analysis 2005-10.

About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM 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. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. 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. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com , and www.wipro.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 manageacquired 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.