Wipro Limited , a leading global information technology company, has announced the incorporation of a new wholly-owned subsidiary named Wipro Digital Inc. in the United States. The move, effective August 4, 2025, marks Wipro's strategic expansion in the North American market.

Key Details of the Incorporation

• Subsidiary Name: Wipro Digital Inc.
• Date of Incorporation: August 4, 2025
• Country: United States of America
• Industry: Information Technology sector
• Ownership: 100% shareholding held by Wipro Limited

Strategic Objectives

The primary purpose of establishing Wipro Digital Inc. is to explore new business opportunities and investments in the areas of information technology consulting and services. This strategic move aligns with Wipro's ongoing efforts to strengthen its presence in the global IT landscape and capitalize on emerging trends in digital transformation.

Regulatory Compliance

According to the company's filing, the incorporation of Wipro Digital Inc. did not require any governmental or regulatory approvals. Wipro Limited made the investment by way of subscription to the share capital of the new entity.

Additional Corporate Update

In a separate announcement, Wipro Limited also disclosed the grant of 111,940 ADS Restricted Stock Units to an identified employee under the company's Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. This grant, effective from August 6, 2025, will vest according to the schedule approved by the Nomination and Remuneration Committee of the Board.

The incorporation of Wipro Digital Inc. and the stock unit grant reflect Wipro's ongoing efforts to strengthen its market position and retain top talent in the competitive IT industry landscape.

Investors and industry observers will likely be watching closely to see how this new subsidiary contributes to Wipro's growth strategy and performance in the coming years.

Wipro Limited (BSE: 507685, NSE: WIPRO, NYSE: WIT), a leading global technology services and consulting company, has made significant moves to optimize its corporate structure while expanding its international presence.

Hungarian Subsidiary Liquidation

Wipro Holdings Hungary Korlátolt Felelősségű Társaság, a stepdown subsidiary of Wipro Limited, has been voluntarily liquidated effective July 23, 2025. The liquidation was confirmed by the Hungary Court of Registration on July 25, 2025, as part of an effort to rationalize and consolidate the overall group structure.

The subsidiary had no revenue from operations as of March 31, 2025, with other income of Rs. 29,443,046.00 and a net worth of Rs. 185,766,178.00, representing 0.02% of the parent company's net worth. This move aligns with Wipro's strategy to streamline its global operations and enhance operational efficiency.

Major Contract Win in Saudi Arabia

In a separate development, Wipro has secured a multi-year strategic contract from Saudi Electric Company – National Grid SA. The company will implement a Smart Meter Data Management (MDM) system for the transmission network, aimed at modernizing the client's meter data platform, enhancing operational efficiencies, and improving risk management.

Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA) at Wipro Limited, expressed enthusiasm about the project, stating, "We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape."

Smart Grid Implementation

The MDM system will play a crucial role in improving grid stability through continuous monitoring, providing real-time data on power flow, voltage, and equipment. Key benefits of the implementation include:

• Improved grid planning through intelligent forecasting and reporting
• Proactive maintenance and faster fault identification
• Enhanced visibility of energy usage patterns
• Optimized power dispatch and reduced operational costs
• Minimized outages, leading to better end-user experiences

This project aligns with Saudi Arabia's Vision 2030, contributing to the Kingdom's innovation and digitalization ambitions in the energy sector.

Wipro's Global Presence

With over 230,000 employees and business partners across 65 countries, Wipro continues to strengthen its position as a leading AI-powered technology services and consulting company. The company remains focused on building innovative solutions that address clients' complex digital transformation needs across various industries and geographies.

As Wipro navigates the ever-changing technological landscape, these strategic moves—both in terms of internal restructuring and expanding its global footprint—demonstrate the company's commitment to growth, efficiency, and delivering value to its clients and shareholders alike.