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Wipro Ltd Bags $500 Million Contract From Citi-Business Standard

Wednesday, 19 Jun 2013 01:03am EDT 

Business Standard reported that Wipro Ltd bagged a large IT outsourcing contract worth around $500 million from Citigroup (Citi), a global financial services company. The tenure of the contract is for five years. As a part of the contract, Wipro will be responsible for application development and maintenance (ADM) as well as providing infrastructure management services for Citi’s global operations, sources privy to this development said. The contract also requires Wipro to set up a large offshore delivery centre (ODC) in Bangalore, to exclusively provided services to Citi, it added. 

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