Market Overview

Wipro and Alight Solutions Announce Strategic Partnership


Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading
information technology, consulting and business process services
company, and Alight Solutions, a leader in technology-enabled health,
wealth, HR and finance solutions, today announced a long-term
relationship which will reshape the HR services industry by providing
Alight's clients with the breadth and depth of capabilities from the two
industry-leading organizations.

This press release features multimedia. View the full release here:

This strategic partnership1 will enable Alight to accelerate
investment in consumer-facing technologies and services across its
health, wealth and cloud businesses by leveraging Wipro's
industry-leading strengths in automation, machine learning and data

Additionally, Wipro will acquire and take on responsibility for the
services delivered from Alight's India locations. Alight has developed a
rich set of technology and delivery capabilities across its India
centers located in Gurgaon, Noida, Mumbai and Chennai.

Lincolnshire, Illinois-based Alight Solutions provides benefits
administration and cloud-based HR and financial solutions to 1,400
clients serving 19 million employees and their 18 million family members.

Wipro provides HR services to a range of marquee customers globally
across industry verticals such as retail, manufacturing, banking and
financial services, education, healthcare, energy and utilities.

"When we think about serving our clients and their people, we believe it
is imperative to provide technologies and solutions that meet rising
trends like the growing adoption of cloud-based technologies, the
increased use of automation, rising consumerism and the demand for more
personalized, integrated solutions," said Chris Michalak, Chief
Executive Officer, Alight Solutions
. "Our partnership with Wipro
enables us to leverage Wipro's unmatched innovation and leadership in
automation and digital technologies, while increasing our investments to
harness market trends and deliver even better solutions for our clients
as their needs and those of their people evolve."

Abidali Z. Neemuchwala, Chief Executive Officer and Executive
Director, Wipro Limited
said, "We welcome the Alight India team to
the Wipro family. We are delighted to be chosen as a strategic partner
by Alight for this transformational project. Our focus will be to
modernize Alight's core technology assets and further automate its
operations to enhance the user experience of Alight's end customers.
Wipro's expertise and best practices in cloud and smart analytics, and
investments in proprietary platforms such as Wipro HOLMES™ will enable
this transformation."

The transaction is subject to customary closing conditions and is
expected to close after receiving required regulatory approvals.

FCM Consulting facilitated the transaction between the two organizations.

About Wipro Limited

Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 160,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.

About Alight Solutions

As a leading provider of benefits administration and cloud-based HR and
financial solutions, we enhance work and life through our service,
technology and data. Our dedicated colleagues across 14 global centers
deliver an unrivaled consumer experience for our clients and their
people. We are Alight. Reimagining how people and organizations thrive.

Follow Alight on Twitter:
Alight on LinkedIn

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
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.

1 Alight and Wipro are finalizing the terms of the

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