Wipro Expands Product Life Cycle Management Services By Signing a V5 Development Service...

BANGALORE, India -- Wipro to offer high value add services and solutions to help manufacturing companies gain competitive advantage through their PLM strategy

Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), today announced an agreement with Dassault Systemes. The

As a result of this agreement, Wipro will provide its manufacturing customers with high value-add development, customization and integration services on top of the open and standards based CAA V5 platform. Wipro's services and solutions are aimed at providing seamless integration not only of various offerings from Dassault Systemes but also other enterprise applications. Wipro also plans to support customers by providing innovative industry specific CAA V5 based applications to improve productivity, speed and control across a product lifecycle.

"Manufacturing companies are looking to gain a competitive advantage through their PLM strategy." said N S Bala, VP, Manufacturing Solutions, Wipro Technologies. "This agreement allows us to expand Wipro's product life cycle management services portfolio. We will use our understanding of the manufacturing industry to help customers improve time to market while gaining greater control of the new product development process."

According to Michael Burkett, Research Director, AMR Research, "In most (PLM) cases, a systems integrator is a good idea. Even manufacturers with a low desire for services are likely to find that consultants experienced with both the software and, often more importantly, project management disciplines, are key to success. The most useful thing that these consultants bring is a realistic sense of what can be done and how quickly.(a)"

Wipro Technologies PLM group has been providing build-to-stock or design-to-order manufacturing companies with consulting, implementation, integration and managed services in product life cycle management (PLM). Wipro offers cost effective, high quality services based on leading CAD/CAM/CAE and PDM applications. Our solutions not only help customers reduce time to market but accelerate new product development resulting in improved returns on R&D.

(a) September 2003 AMR Research Report titled, CAD Versus ERP Versus PDM: How Best to Anchor a PLM Strategy?

About Wipro Limited

Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai and the National Stock Exchange, among others. More information is available at www.wipro.com.

For any queries, please contact: Supratim Sarkar, Manager, Strategic Marketing Ph: +91-80-25056683; email: supratim.sarkar@wipro.com

Forward-looking and cautionary statements

Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. These filings are available at www.sec.gov. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com & www.wipro.co.in