Wipro Streamlines Operations: Hungarian Subsidiary Liquidated as Company Secures Major Saudi Contract
Wipro Limited has voluntarily liquidated its Hungarian subsidiary, Wipro Holdings Hungary Korlátolt Felelősségű Társaság, effective July 23, 2025, as part of its effort to rationalize its group structure. The subsidiary had no operational revenue and represented 0.02% of Wipro's net worth. Additionally, Wipro has won a multi-year strategic contract from Saudi Electric Company – National Grid SA to implement a Smart Meter Data Management system for the transmission network. This project aims to modernize the client's meter data platform, enhance operational efficiencies, and improve risk management, aligning with Saudi Arabia's Vision 2030.

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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.
Historical Stock Returns for Wipro
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.01% | -2.90% | -3.79% | -15.83% | +2.28% | +92.81% |