Mumbai, March 01, 2008
Wipro Water is a new line of business for Wipro Limited. Wipro enters the water business through the acquisition of Aquatech Industries Pvt. Ltd. and its sister concerns.
This is the first step for 'Wipro Water' in its plans to be a provider of complete water treatment solutions (process, plant and equipment and services) for all types of industries. Wipro brings the scale and the reach to Aquatech's strength in process technology and systems for high purity water. Aquatech is the domestic leader in high purity water for Pharmaceutical Industry.
Our vision is to exist in all business segments for water treatment and be a global player. To this effect 'Wipro Water' will quickly build capabilities to be a 'one stop shop' for all water needs of our customers. This will include waste water, reuse and desalination. We will provide ecologically sustainable solutions.
About Wipro Infotech
Wipro Infrastructure Engineering, is a wholly owned subsidiary of Wipro Limited, a US$ 3.5 Billion multi-business corporation.
Wipro Infrastructure Engineering manufactures precision-engineered hydraulic cylinders and truck hydraulic solutions for the infrastructure and related industries. Headquartered in Bangalore, have manufacturing facilities in India, Sweden and Finland with customers across India, Asia-Pacific and Europe.
Over 6 decades of experience coupled with deep engineering expertise, cross-continental geographic presence, scalable manufacturing and consistent Quality makes Wipro a preferred source to OEMs the world over.
Wipro cylinders run efficiently on Material and Cargo Handling Equipment, Construction and Earthmoving Equipment, Truck Tippers, Industrial equipment and Special applications. For more information, please visit our websites at
www.wiproinfra.com
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.