Bangalore, India – April 1, 2020:
Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation, have together committed Rs 1125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 pandemic outbreak. These resources will help enable the dedicated medical and service fraternity in the frontline of the battle against the pandemic and in mitigating its wide-ranging human impact, particularly on the most disadvantaged of our society.
Integrated action will be taken for a comprehensive on-the-ground response in specific geographies, focused on immediate humanitarian aid, and augmentation of healthcare capacity, including containing the COVID-19 outbreak and treating those affected by it. These responses will be carefully coordinated with relevant government institutions and would be executed by the Azim Premji Foundation’s 1600-person team, in collaboration with many of its over 350 strong civil society partners, who have a deep presence across the country. These efforts will fully leverage the technology expertise, sourcing systems, infrastructure, and distribution reach of Wipro.
Of the Rs 1125 crore, Wipro Ltd’s commitment is Rs 100 crore, Wipro Enterprises Ltd’s is Rs 25 crore, and that of the Azim Premji Foundation is Rs 1000 crore. These sums are in addition to the annual CSR activities of Wipro, and the usual philanthropic spends of the Azim Premji Foundation.
Modern global society has not confronted a crisis of this magnitude and type. The Azim Premji Foundation and Wipro believe that we must all work together to not only deal with this crisis and minimize its human impact, particularly on the disadvantaged, but also learn from these extraordinary times, to develop a more resilient global community, based on justice, equity, humaneness, and ecological sustainability.
We are completely committed to this quest and wish everyone all safety.
Wipro Ltd, Wipro Enterprises Ltd, and Azim Premji Foundation
PS: Over the past few days, with the help of many of our partners, we have developed a ‘District Response Plan to COVID-19’, which is guiding many of our efforts. This plan is available at https://azimpremjiuniversity.edu.in/SitePages/covid-19.aspx, both for feedback and improvement, and for other organizations to use where they find it useful.
Wipro Media Contact:
Vipin Nair
Wipro Limited
About Azim Premji Foundation
Azim Premji Foundation is a philanthropic organization established by Azim Premji, with a vision of contributing towards developing a just, equitable, humane and sustainable society. It has three key dimensions of work, all focused in India: Field work in school education to support the public education system, support to not-for-profit organizations in various domains of work through multi-year financial grants and running the not-for-profit Azim Premji University.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
About WEL
Wipro Enterprises has Wipro Consumer Care and Lighting and Wipro Infrastructure Engineering under its umbrella. Wipro Consumer Care & Lighting is a leading FMCG business in Personal Care, Home Care, Lighting & Switches and Office Furniture. Wipro Infrastructure Engineering is a diversified engineering business in the fields of Hydraulics, Water Treatment, Additive Manufacturing, Aerospace and Automation Solutions. In addition, Wipro Enterprises has two joint ventures, Wipro GE Healthcare Private Limited and Wipro Kawasaki Precision Machinery Private Limited.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects 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 fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, 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. 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.
