Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced that it has won a large IT outsourcing contract from Spencer’s Retail Ltd. Spencer’s Retail Limited, a part of the Rs 13500 crores RPG Enterprises, is a multi-format, food-first retailer, providing the widest range and assortment of products to its key consumer segment of SEC A, in the age group of 25 – 34. Spencer’s has standalone revenue in excess of Rs 1000 crores, operates 400 stores in 66 cities and has massive expansion plans of reaching 1000 stores by end of 2009.
Spencer’s has selected Wipro for delivering best in class Infrastructure Management Services for a period of five years. As part of the scope, Wipro is responsible for providing IT infrastructure support for all the stores, distribution centers, regional and zonal offices for Spencer’s apart from also supporting future store roll outs over the 5 year period.
Wipro will leverage its state of the art Global Service Management Centre, Mysore to provide real time information through dashboards thus making the entire delivery process more proactive for Spencer’s. This IT service delivery transformation will benefit Spencer's with cost efficiencies, enhancing IT system availability and streamlining IT delivery process for Spencer’s.
Speaking on the occasion, Mr. Amit Mukherjee, chief information officer, RPG Enterprises, said, “We are delighted to have chosen Wipro as our IT services partner. Wipro has time and again showcased their superiority in the Infrastructure Management Space and demonstrated their high end capabilities, experience and knowledge in the Retail Domain. We are confident that this partnership will be highly rewarding.”
Commenting on the same, Mr. Anand Sankaran, Chief Executive, Wipro Infotech, said, “We are excited about the potential for growth in retail and believe this agreement benefits the position of both parties to participate in that robust growth. Spencer’s has ambitious growth plans to enhance its geographical footprint and we are happy to support their strategic initiatives to move to the next level of retailing powered with IT innovations.”
Wipro Infotech, a division of the US$4.93 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company 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. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. 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.
For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com, and www.wipro.in
About Spencer’s Retail Limited
Spencer’s Retail Limited, part of the Rs 13,500 crores RPG group, is a multi-format food-first retailer providing the widest range and assortment of products to its key consumer segment of female, SEC A in the age group of 25 – 34. The organization runs 400 stores, including 28 large format stores across 66 cities in India, focusing on verticals like food and grocery, fruit and vegetables, electrical and electronics, home and office essentials, garments and fashion accessories, toys, food and personal care, music, books and mobility solutions, the later three forming part of specialty retail division.
Spencers is one of the earliest entrants into the retail space and literally introduced the Indian consumer to the concept of organized retailing. In fact, the first ever hyper store in India was launched by Spencers at Hyderabad in the year 2000. The journey onwards has been one of the most aggressive of all the retail players in India. In the last financial year, Spencers increased their stores from 150 to 400 with a target of expanding by 600 more this year. It employs over 13000 professionals who are specially trained to live up to the consumer needs and the business objectives of the organization. Spencers is on a high growth path with a target of Rs. 2000 crores sales turnover by the end of the current financial year.
Spencer’s was awarded the Turnaround Retailer of the year 2006 at the India Retailers Forum, 2007 in Mumbai.
Wipro’s forward looking and cautionary statements
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.
Contact:
Veena D` Souza, mail: veena.dsouza@k2communications.in