Wipro Splits its NON-IT Units, Sets Up Wipro Enterprises

Wipro segregates its non-IT business units to focus exclusively on information technology. It demergers Wipro Consumer Care & Lighting (including Furniture business), Wipro Infrastructure Engineering (Hydraulics & Water businesses), and Medical Diagnostic Product & Services business into a separate entity ‘Wipro Enterprises’. The demerger would be complete in the next fiscal. A special committee of independent directors: N Vaghul, Bill Owens, and MK Sharma will oversee the planning and execution of the demerger plan.