Wipro Limited has completed the acquisition of an additional 20% stake in Aggne Global Inc. through its step-down subsidiary, Wipro IT Services, LLC. The transaction, valued at USD 28.5 Million, was finalised on June 1, 2026, increasing the subsidiary's total shareholding in the target entity to 80%. This strategic consolidation strengthens Wipro's position in the Property & Casualty (P&C) Insurance sector by integrating advanced AI and Intellectual Property-led capabilities.

Strategic Rationale

The acquisition is designed to bolster Wipro's competitive advantage in the P&C Insurance industry. By integrating Aggne's capabilities, Wipro aims to drive AI and IP-led transformations for its clients. Aggne Group, comprising Aggne Global Inc. and its affiliate Aggne Global IT Services Private Limited, operates as a fast-growing Insurtech company providing IT, consulting, and managed services specifically for the P&C Insurance sector.

Financial Performance of Aggne Group

The financial performance of Aggne Group highlights a consistent upward trajectory, underpinning the rationale behind the increased investment. The group has demonstrated steady revenue growth over the past three financial years:

Transaction Details

The key parameters of the completed acquisition are summarised below:

The transaction did not qualify as a related party transaction, and no government or regulatory approvals were required for its completion. The purchase consideration of USD 28.5 Million was subject to customary closing adjustments. Wipro stated that a separate disclosure would be made if any further stake acquisition occurs in the future.

Wipro Limited announced on May 28, 2026, an expanded partnership with ServiceNow to implement and scale agentic AI workflows across core enterprise functions including IT, HR, procurement, and cybersecurity. This strategic integration combines Wipro Intelligence™ with the ServiceNow AI Platform to enable organizations to streamline the initiation, orchestration, and execution of work across enterprise systems. The initiative aims to reduce manual coordination, improve visibility into work progress, accelerate turnaround times, and strengthen operational governance.

Under the expanded partnership, Wipro will leverage specific solutions from its Wipro Intelligence™ suite that utilize ServiceNow AI Platform capabilities. These solutions include SmartProcure for streamlining procurement workflows, Telco Autonomous Networks for modernizing service operations, and Cyber Transform for strengthening security operations. By integrating these tools, enterprises can expect a unified experience for managing work requests, policy-aligned execution with built-in governance, and improved cycle times through reduced manual handoffs.

The collaboration addresses the challenge of executing AI at scale by providing a consulting-led, AI-powered approach. This approach translates business priorities into industry-aligned AI solutions, helping clients streamline operations and drive measurable outcomes. The partnership focuses on delivering policy-aligned actions that enhance employee experience, operational agility, and measurable business value.

Amit Zavery, President, Chief Operating Officer, and Chief Product Officer at ServiceNow, emphasized that connected, governed, and outcome-driven AI is the focus of this partnership. He noted that when agentic AI runs inside secure workflows, it enables the delivery of real results and makes the agentic enterprise possible.

Malay Joshi, Chief Executive Officer of Wipro’s Americas 1 Strategic Market Unit, highlighted that the partnership bridges the gap between AI ambition and execution at scale. He stated that the integration with Wipro Intelligence™ helps clients scale AI adoption with the right governance and controls in place.