IT major also wins Asian, Indian MAKE Awards 2007, inducted into the Global MAKE Hall of Fame
Bangalore, India, November 27, 2007
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it has been recognized as a winner of the 2007 Global MAKE Award and was ranked first in the Information Technology sector in ‘Creating an environment for collaborative knowledge sharing’ and ‘Creating a learning organization’ categories, thereby delivering value based on customer knowledge. MAKE stands for Most Admired Knowledge Enterprises and the awards were established in 1998. This is the second time that Wipro Technologies has been recognized as a Global MAKE winner.

The MAKE Winners are chosen by a panel of Fortune 500 business executives and leading knowledge management and intellectual capital experts after an initial short-listing based on nominations by the panel. The Global MAKE study recognizes organizations which are world leaders in creating shareholder wealth (or in the case of public and non-profit organizations, increasing societal capital) by transforming new as well as existing enterprise knowledge and intellectual capital into superior products/services/solutions. The awards are administered by Teleos, an independent knowledge management and intellectual capital research firm.

Rory Chase, Managing Director of Teleos, said "The MAKE Winners are effectively transforming organizational knowledge into wealth-creating ideas, products and solutions. They are building portfolios of intellectual capital which will enable them to out-perform their global competitors. Wipro Technologies has consistently emerged as a leading knowledge-driven organization over the last several MAKE studies and if it maintains the same momentum and focus, it could well be on its way to being a Global Top 5 in its business sector in the next three years".

Wipro Technologies has also won the 2007 Asian MAKE Award, fifth time in a row, which was presented in a glittering ceremony in the World Knowledge Forum held at Seoul, South Korea on 18th October.

Expressing happiness at these recognitions for Wipro’s knowledge initiatives at global, regional and national levels, Mr. Sambuddha Deb, Chief Quality Officer, Wipro Technologies said, “In a knowledge intensive business like IT, effective knowledge management is a significant business differentiator especially as we are diversifying our presence globally. These recognitions are an affirmation of our strategy to make Wipro a true learning organization”.

In addition, Wipro Technologies also received the 2007 Indian MAKE Award third time in a row in KM India 2007 organized by CII (Confederation of Indian Industry) at New Delhi on 14th November.

Ved Prakash, Head of Knowledge Management at Wipro Technologies said, “We are very pleased that Wipro has also been inducted into the 2007 Global MAKE Hall of Fame which is an elite group of organizations that have been Global MAKE Finalists in each of the past five studies. This is an affirmation of the mature KM practices in Wipro that are on par with the best in the world.”

Wipro Technologies has been running a structured Knowledge Management program since the year 2000 which ensures that all of its 75000 plus employees across the globe have access to the deep expertise lying within the organization. Wipro has implemented a web-enabled portal built on Microsoft SharePoint to manage documented knowledge and operate virtual communities of practice. The Global MAKE study has found that knowledge-driven organizations significantly out-perform their competitors.

About Teleos Teleos is an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.

The MAKE research program, conducted in association with The KNOW Network, consists of the annual Global MAKE study - the international benchmark for world-class knowledge-driven organizations - and regional/national MAKE studies.

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