Wipro Expands Presence in South Africa, Inaugurates New Office in Cape Town

(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the inauguration of its new office at Sable Park, Century City, in Cape Town, underscoring its commitment to clients in the region.

Anis Chenchah, Chief Executive Officer – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited and Member of the Wipro Executive Board, said, “The inauguration of our office in Century City, Cape Town, is a significant milestone for Wipro as it emphasizes our commitment to invest in and expand our presence across South Africa. This new office will help us better address the requirements of the growing client base in the region and provide interesting opportunities to the local talent.”

Wipro’s Cape Town office was inaugurated in the presence of Alderman James Vos, Mayoral Committee Member – Economic Growth, City of Cape Town, representatives from the Indian Consulate in Cape Town and from the Department of Trade and Industry (DTI), along with Wipro’s clients, technology partners and local employees.

“The Business Process Outsourcing (BPO) sector in Cape Town is booming and currently more than 70,000 Capetonians are employed in the industry. That number is set to grow even further with more companies setting up shop in the Mother City. We are delighted that Wipro, a global leader focused on driving digital transformation, can contribute meaningfully to employment opportunities and digital-skill development for our local talent,” said Alderman James Vos, Mayoral Committee Member for Economic Growth in the City of Cape Town.

In 2021, the international BPO market in Cape Town contributed around R14 billion to the metro's economy. The city is continuously investing in skill development and promotion campaigns to leverage itself as a much sought-after destination for technology and BPO companies.

Warren Zambelli, Managing Director – Africa, Wipro Limited, said, “Wipro is developing talent and creating jobs with clients that will yield a lasting impact for our communities in South Africa. We appreciate this opportunity to expand our presence in the region and continue our momentum towards becoming the leading professional services business across the continent.”

Africa is one of the six focus regions that comprise Wipro's APMEA Strategic Market Unit. Wipro has been present in Africa since 2007, supporting enterprises and public sectors in accelerating their digital transformation to be globally competitive. Wipro also has a steadfast commitment towards local communities. We continue to build a strong local talent pool with diverse skill sets and make strategic investments that will better serve our clients. Wipro has launched various social initiatives under the Wipro SIYAPHA brand. Today, we are a BBBEE (Broad-Based Black Economic Empowerment) level 2 contributor scored on the ICT Charter.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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