Wipro Appoints Two Members To its Board; Enhances the Global Touch.

Business Editors

BANGALORE, India & SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 5, 2001

Wipro Limited (NYSE:WIT) today announced the appointment of Prof. Eisuke Sakakibara, a Professor of Economics in Keio University of Japan and Mr. Suman Sinha, currently President of Pepsi-Cola Company South Asia Business Unit and Chairman of PepsiCo India Holdings Ltd and President of Pepsi Foods Ltd, as Members of the Board of Directors of Wipro Limited. Wipro's association with Prof. Sakakibara will give the company access to new customers in Japan. Mr. Sinha's association will improve government industry partnership in the area of IT.

The appointment of the two members is with effect from 1st January 2002.

With the two new members joining, the Wipro Board now has ten members, including Chairman and Managing Director Azim Premji. While Vivek Paul and P S Pai are Vice Chairmen and Executive Officers, seven are non-executive directors.

"Wipro's vision is to be among the top 10 IT Services companies globally by 2004. Our aim is to induct global experts. Prof Sakakibara is a leading thinker in the field of Economics and Finance. Mr. Sinha has played a major role in enhancing corporate and government partnership," said Azim Premji, welcoming the new members on Board.

Prof Sakakibara is a Professor of Economics in Keio University of Japan and brings in enormous global thinking to the Group. After working with the Ministry of Finance, Government of Japan, he was posted as Economist, International Monetary Fund and was the visiting Associate Professor of Economics, Economics Department, Harvard University. In 1997 he took over as the Vice Minister of Finance for International Affairs, Japan. Prof. Sakakibara has to his credit several publications in the field of economics and finance.

Mr. Suman Sinha who is Chairman of PepsiCo India Holdings Ltd, brings in tremendous corporate experience to Wipro. He has been instrumental in making PepsiCo the leader in Indian market. Prior to joining PepsiCo in 1992, he was on the Executive Board of Directors of Hindustan Lever from October 1981. Mr. Sinha has excelled in building the reputation of Hindustan Lever and PepsiCo as a responsible corporate citizen. He is a member of Steering Committee and Management Committee of FICCI and a member of Managing Committee of ASSOCHAM.

About Wipro Limited:

Wipro Limited is the first SEI CMM Level 5 certified IT Services Company globally. Wipro provides Research and Development services to Telecom and Electronic product companies and software solutions to global corporate enterprises.

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 and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting.

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.

For more information, please visit our websites at www.wipro.com and www.wiproindia.com.

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 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, our ability to successfully complete and integrate potential acquisitions, 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.