Wipro named a 2014 World's Most Ethical Company by Ethisphere Institute for third successive year

By Phumeza Tontsi for Wipro
Johannesburg, 26 Mar 2014

Wipro (NYSE:WIT), a leading global information technology, consulting and outsourcing company, announced today it has been recognised by the Ethisphere Institute, an independent centre of research promoting best practices in corporate ethics and governance, as a 2014 World's Most Ethical Company.

This is the third time Wipro has been honoured with this award, which recognises organisations that continue to raise the bar on ethical leadership and corporate behaviour. World's Most Ethical Company honourees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them. Wipro is one of the two companies from India to be honoured this year.

Speaking about this achievement, Anurag Behar, Chief Sustainability Officer, Wipro, said: "At Wipro, ethics, integrity and responsible citizenship have always been at the core of how we think and act. We are happy to be recognised by Ethisphere for the third time in succession. We see this as a reaffirmation of what we stand for."

"The entire community of World's Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Wipro joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Wipro for this extraordinary achievement."

The World's Most Ethical Company assessment is based on the Ethisphere Institute's Ethics Quotient framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organisation's performance in an objective, consistent and standardised way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.

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Scores are generated in five key categories: ethics and compliance programme (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).

The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.

Wipro

Wipro (NYSE:WIT) is a leading IT, consulting and outsourcing company that delivers solutions to enable its clients to do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360-degree view of "business through technology", helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organisation-wide commitment to sustainability, Wipro has over 140 000 employees and clients across 54 countries. For more information, please visit www.wipro.com.

Ethisphere Institute

The Ethisphere Institute is an independent centre of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organisations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programmes, honours superior achievement through its World's Most Ethical Companies recognition programme and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programmes that include: Ethics Inside Certification, Compliance Leader Verification and Anti-Corruption Program Verification. More information about Ethisphere can be found at: www.ethisphere.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 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, unauthorised 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.

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