Wipro Discloses Vendor Status with World Bank

BANGALORE, India & EAST BRUNSWICK, N.J.--(Business Wire)--
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT)
today announced that in connection with revised disclosure policies, Wipro and
the World Bank are disclosing that in June 2007 the World Bank determined Wipro
to be ineligible to contest direct contracts from the World Bank for the period
2007 - 2011.

In 2000, in connection with its Initial Public Offering (IPO) of American
Depository Shares (ADS) in the United States, Wipro offered a commonly utilized
and Securities and Exchange Commission approved Directed Share Program (DSP)
that allowed employees and clients to purchase ADSs at the IPO market price. The
Program`s objective was to involve employees and customers with the public
offering to expand our recognition and brand. A majority of the shares sold
under the DSP were allotted to our employees.

Pursuant to this program, Wipro representatives offered the World Bank, through
its Chief Information Officer (CIO) and a senior staff, participation in the
program and they directed this offer to members of their family and friends. The
aggregate number of shares purchased by them was 1,750 for approximately $72,000
at the IPO price. All participants in the program signed a conflict of interest
statement that their purchase did not violate any ethics or conflict of interest
policies of their company.

To date, Wipro`s revenue from World Bank is insignificant. Our inability to get
future business from World Bank will not adversely affect our business and
results of operations.

About Wipro

Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM
Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro
Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and
onsite development centers. 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 a 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 and
www.wiprocorporate.com.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects 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
fluctuations in our earnings, revenue and profits, our ability to generate and
manage growth, 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. 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.

Wipro Technologies
Media:
Radhika Mahadevan, +91-9945042603 (India)
radhika.mahadevan@wipro.com
Eric Belove, +1-732-216-6242 (US)
eric.belove@wipro.com
Rahul Kadavakolu, +44 792 020 5496 (UK)
rahul.kadavakolu@wipro.com
or
Gutenberg Communications
Purvika Anand, +91-9901134441 (India)
purvika@gutenbergpr.com
Lavanya DJ, +1-212-239-8740 (US)
lavanya@gutenbergpr.com
Shalini Siromani, +44.79.6066.3200 (UK)
shalini@gutenbergpr.com
or
Investor Relations:
Rajendra Kumar Shreemal, +91-80-2844-0079
Senior Manager
Fax: +91-80-2844-0051
rajendra.shreemal@wipro.com

Copyright Business Wire 2009