Barron's Names Wipro's Vivek Paul as One of the 30 of World's Most Respected CEOs

Bangalore, Karnataka, India, Monday, April 18, 2005 -- (Business Wire India)

Barron's, the Dow Jones Business and Financial Weekly, has named Vivek Paul, Vice Chairman, Wipro Ltd. as one of the 30 of The World's Most Respected CEOs. In the list, Barron's has identified 30 top-flight corporate leaders from across the world. Barron's noted, “The 30 CEOs on our list have one thing in common: They make a big difference to shareholders.”

Barron's acknowledges Vivek Paul's contribution in transforming Wipro Technologies from a USD 150 million software developer into a USD 1 billion force in offshore outsourcing, handling IT and customer service for companies. It attributes that because of Vivek Paul, Wipro could pose the greatest long term threat to the world's IT providers. In the honoree list for 2005, Vivek Paul joins the elite company of renowned global business leaders as Steven Reinemund, CEO, PepsiCo and Terry Semel, CEO Yahoo!.

Under Vivek Paul's leadership Wipro is one of India's largest and fastest growing IT services companies. Vivek Paul stated, “At Wipro we always strive to provide greatest value to our stakeholders, both internal and external. This recognition is testimony to all at Wipro who have worked with a zeal and passion to make Wipro a leader in global IT services.”

Vivek Paul was selected as one of TIME/CNN 25 Global Business Influentials for 2004 and rated by Businessweek as one of the Best Managers globally for 2003.

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.

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