Wipro Limited has granted wipro 9,11,458 ADS Restricted Stock Units and 1,10,424 Restricted Stock Units to identified employees under its Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. The grant is effective from July 29, 2026, marking a significant allocation of equity-based compensation to the company’s workforce.

The vesting of these units will follow the schedule approved by the Nomination and Remuneration Committee of the Board. Employees can exercise the units over the exercise period as approved by the Committee, aligning long-term employee incentives with corporate performance goals.

Grant Details

The breakdown of the equity grant is as follows:

The total number of units granted amounts to 10,21,882. This distribution reflects Wipro's ongoing strategy to retain talent through structured equity compensation plans.

Regulatory Compliance

The company informed the BSE Limited (BSE: 507685) and the National Stock Exchange of India Limited (NSE: WIPRO) regarding the grant. The disclosure was signed by M Sanaulla Khan, Company Secretary, on July 29, 2026.

Wipro Limited has established a self-contained Databricks business practice to accelerate enterprise AI adoption and modernize data foundations. Announced on July 27, 2026, this enhanced partnership creates a dedicated organizational unit focused on delivering industry-specific AI-led solutions. The move aims to help clients transition from fragmented data pilots to governed, enterprise-scale AI implementations by integrating Databricks' platform capabilities with Wipro’s delivery expertise. This structural realignment signals Wipro’s intent to consolidate its AI offerings under a specialized framework, positioning the company to respond effectively to growing client demand for secure, resilient, and intelligent enterprise solutions.

Enhanced Partnership Structure

The newly incubated business practice brings together platform specialists, consulting experts, and industry teams to co-create solutions. It leverages Wipro Intelligence™, the company’s suite of AI-powered platforms, alongside Databricks’ capabilities in agentic AI, data modernization, application development, and analytics. A key component of this integration is the use of WEGA, Wipro’s agent-native delivery platform, which enables enterprises to transition from legacy systems to scalable, AI-ready architectures. Additionally, the practice utilizes Databricks Genie, an AI coworker that allows business users to interact with enterprise data using natural language.

Industry-Specific Solutions

The business practice is built on a foundation of more than 300 agentic AI and data use cases delivered across sectors including banking, healthcare, telecom, manufacturing, and energy. Wipro and Databricks will focus on context-aware solutions for core business challenges:

• Banking & Financial Services: End-to-end wealth management, portfolio optimization, and client experience enhancement.
• Manufacturing & Consumer Goods: Planning resiliency to manage global macro-economic volatility.
• Telecom: Agentic AI-led sales and marketing transformation to drive growth.
• Energy: Asset visibility and performance improvement for large-asset industries.
• Finance Transformation: Reimagining Financial Planning & Analysis (FP&A) processes for cost optimization.

Kanwar Singh, Managing Partner - Technology Services at Wipro Limited, stated that the collaboration reflects a shared commitment to moving enterprises from AI experimentation to measurable value. The practice aims to optimize existing data investments while building new AI-led solutions tailored to specific industry needs.

Recognition and Strategic Impact

The collaboration builds on a strong track record, with Wipro being recognized by Databricks as the 2025 Banking Partner of the Year Award winner and the 2026 Innovation Partner of the Year. Kori O'Brien, Senior Vice President of Partnerships at Databricks, noted that the global practice enables enterprises to build trusted data foundations and deploy production-ready AI at scale. This structural realignment signals Wipro’s intent to consolidate its AI offerings under a specialized framework, positioning the company to respond effectively to growing client demand for secure, resilient, and intelligent enterprise solutions.