Wipro Limited has completed two separate merger transactions involving four of its step-down subsidiaries in the United States, marking a strategic consolidation within its organizational structure. The IT services major announced that both mergers became effective on March 30-31, 2026, as part of its ongoing efforts to rationalize and consolidate the overall group structure.

Transaction Details

The mergers involve four entities operating in IT services, consulting, and software support services domains. All companies were step-down subsidiaries of Wipro Limited before the consolidation.

First Merger - March 30, 2026

Second Merger - March 31, 2026

Business Operations and Rationale

The merged entities operate across complementary business verticals. Capco RISC Consulting LLC and The Capital Markets Company, LLC are engaged in providing IT services, consulting, business process services, and IT products globally. Cardinal US Holdings, Inc. focuses on IT services, consulting, and business process services, while Wipro IT Services, LLC specializes in software development services.

Both merger transactions have been undertaken with the specific intention to rationalize and consolidate the overall group structure, according to the company's regulatory filing submitted on April 1, 2026.

Regulatory Compliance

Wipro Limited filed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that both transactions do not fall within the scope of related party transactions and therefore do not require arm's length pricing considerations.

Impact Assessment

The merger structures indicate several key aspects for both transactions:

• No cash consideration involved in either transaction
• No share exchange ratio applicable
• No impact on the shareholding pattern of the listed entity
• Transactions classified as internal restructuring for operational efficiency

The completion of these mergers represents Wipro's ongoing efforts to streamline its subsidiary structure and optimize operational efficiency within its global consulting services and IT solutions portfolio.

Wipro Limited has announced the launch of a dedicated AI-Native Business & Platforms Unit alongside significant senior management changes, effective April 1, 2026. The technology services company filed the disclosure under Regulation 30 of SEBI regulations, outlining strategic organizational restructuring to strengthen its position in artificial intelligence and platform-based business models.

AI-Native Business Unit Launch

The newly established AI-Native Business & Platforms Unit represents Wipro's strategic pivot to complement its core services business and drive next-phase growth. With targeted investments and a distinct operating model, the unit will accelerate development of enterprise-grade agentic AI solutions and enhance outcome-based value creation through an invest-build-partner approach.

The business unit will integrate Wipro Intelligence's platform assets, including industry-specific platforms such as NetOxygen for AI-powered lending, CROAMIS for integrated aviation cargo operations, IHS and HPS healthcare platforms, Enterprise Telco AI, and delivery platforms including WINGS and WEGA.

Key Leadership Appointments

The management restructuring involves strategic role transitions and new appointments across critical business units, demonstrating Wipro's focus on strengthening its AI capabilities while ensuring continuity in technology services operations.

Strategic Role Realignment

Nagendra Bandaru, previously President and Managing Partner of Technology Services Global Business Lines, transitions to Chief Executive Officer of the AI-Native Business & Platforms Unit. Bandaru will continue reporting to CEO and Managing Director Srini Pallia and remain classified as Senior Managerial Personnel. His appointment leverages nearly three decades of experience building high-performing businesses and scaling innovative platforms.

Kanwar Singh joins Wipro as President and Managing Partner of Technology Services GBLs, bringing over 30 years of technology leadership experience. Singh's expertise spans retail, consumer packaged goods, manufacturing, and travel & transportation industries, with solid functional expertise in digital interventions, solution architecture, automation, and global delivery management. His previous experience includes 19 years with Accenture, leading global technology delivery and Americas business support, along with a Bachelor of Engineering in Electronics & Communications from IIT Roorkee.

Executive Transition

Suzanne Dann will step down from her position as Chief Executive Officer for Americas-2 Strategic Market Unit effective May 3, 2026. In her resignation letter dated April 1, 2026, Dann expressed gratitude for her five-year tenure at Wipro and indicated her decision to pursue opportunities outside the company, resulting in her ceasing to be Senior Managerial Personnel.

Strategic Vision and Market Position

According to Srini Pallia, Chief Executive Officer and Managing Director, the strategic pivot sharpens Wipro Intelligence's ability to deliver tangible value to clients and drive stronger business outcomes. The initiative positions Wipro to build and scale AI-led platforms at unprecedented speed while unlocking new growth opportunities through deepened capabilities across data, workflows, decision engines, and infrastructure.

The company has fulfilled its disclosure obligations under SEBI regulations, providing detailed information about the management changes to BSE Limited, National Stock Exchange of India Limited, and NYSE, with the announcement signed by M Sanaulla Khan, Company Secretary.