Wipro Named Leader in Avasant’s Manufacturing Digital Services 2022-2023 RadarViewTM

Rhea-AI Summary

Wipro Limited (NYSE: WIT) has been recognized as a Leader in the Avasant Manufacturing Digital Services 2022-2023 RadarView. The report commends Wipro's advancements in manufacturing through Practice Maturity, Partner Ecosystem, and Investments & Innovation. Significant investments in digital solutions help manufacturers address challenges like inflation and supply chain disruptions. Wipro's strong automotive sector offerings and strategic acquisitions bolster its leadership position, demonstrating its commitment to digital transformation in manufacturing.

Positive

• Positioned as a Leader in Avasant Manufacturing Digital Services 2022-2023 RadarView.
• Strong advancements in Practice Maturity, Partner Ecosystem, and Investments & Innovation.
• Significant investments in digital solutions support manufacturers facing economic challenges.
• Robust automotive sector offerings enhance market competitiveness.
• Strategic acquisitions and partnerships improve digital capabilities.

Negative

• None.

The company was rated highly across all three evaluation parameters: Practice Maturity, Partner Ecosystem and Investments & Innovation.

NEW YORK & BANGALORE, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that it has been positioned as a Leader in the AVASANT Manufacturing Digital Services 2022-2023 RadarView^TM. The report highlights Wipro’s strengths in the Manufacturing business across three evaluation parameters – Practice Maturity, Partner Ecosystem, and Investments & Innovation.

“We are proud of our investments in the manufacturing sector that have strengthened our domain and technological capabilities leading to growth. Wipro’s deep sectoral focus directly supports the vision of forward-thinking manufacturers,” says Ashish Saxena, Vice President, Manufacturing and Hi-Tech Sector Head, Wipro Limited.

“As manufacturers' needs keep changing, we constantly solve for shifting scenarios. Wipro has made significant investments in developing a solution portfolio packed with industry-specific components to help global enterprises overcome their integration and intelligence challenges to achieve tangible success. Overall, the embrace of Industry 4.0 principles can deliver operational efficiency and increased revenues,” says Ankur Pawa, General Manager and Global Head – Digital and Consulting, Manufacturing, Wipro Limited.

“Manufacturers are trying to overcome inflation, a potential recession, and supply chain disruptions by increasing their investment in digital innovation. Wipro’s innovation-led approach and advanced digital offerings lead to strong offerings in manufacturing, especially in the automotive sector. It has built a robust portfolio of solutions which includes Autocomm, to improve its aftermarket services and Click-Shift-Drive to provide a contactless car-buying experience. Additionally, its strategic acquisitions, strong partnerships, and investments in Wipro Ventures have helped Wipro innovate in emerging areas such as the metaverse and blockchain. Delivering high value to clients by expanding its digital capabilities through acquisitions and strategic partnerships has placed Wipro as a leader in Avasant’s Manufacturing Digital Services 2022-2023 RadarView,” said Anurag Mohanty, Senior Analyst, Avasant.

Avasant notes that Wipro brings a deep sector-specific focus in the North American region, while leveraging a robust partner ecosystem to deliver digital solutions for its manufacturing clients.

The report highlights Wipro’s work in bringing new IoT, analytics, machine learning and automation capabilities to steel, aluminum and network equipment manufacturers, as well as success in driving sustainability goals for clients. Wipro’s solutions across manufacturing sectors are driven by a network of more than 20 innovation labs, cloud arenas, and digital pods, as well as a Technovation Center that demonstrates smart manufacturing techniques and significant investment in the AR/VR and computer vision startup ecosystem.

The report observes that Wipro has particularly strengthened its digital portfolio for automotive enterprises. Wipro’s automotive portfolio includes Connected Car Parts E-commerce (capturing real-time vehicle data to enable predictive maintenance), AutoInsights (a connected car platform designed to increase vehicle lifetime value) and Wipro’s Cloud Car platform (an integrated cloud-native approach to software and safety that reimagines software-defined vehicles and accelerates their development).

Avasant notes that Wipro has been aggressively investing in acquisitions to strengthen its domain and technological capabilities. These factors, along with partnerships with niche technology players to deliver collaborative services, have contributed Wipro’s emergence as a Leader in the annual report.

To read more, download the report here.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and 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, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We 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. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005587/en/

Media Contact:

Sanuber Grohe

sanuber.grohe@wipro.com

Source: Wipro Limited

FAQ

What recent recognition did Wipro Limited (WIT) receive?

Wipro Limited was recognized as a Leader in the Avasant Manufacturing Digital Services 2022-2023 RadarView.

What are the key strengths highlighted for Wipro Limited in the Avasant report?

Wipro's strengths include Practice Maturity, Partner Ecosystem, and Investments & Innovation.

How is Wipro addressing challenges in the manufacturing sector?

Wipro is addressing challenges like inflation and supply chain disruptions through significant investments in digital innovation.

Which sector has Wipro particularly strengthened its offerings?

Wipro has particularly strengthened its digital portfolio for the automotive sector.

What investments is Wipro making for future growth?

Wipro is making strategic acquisitions and partnerships to enhance its technological capabilities and digital solutions.