Business Standard

Wipro eyes acquisitions across segments

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Press Trust of India Mumbai

Software firm Wipro today said it is scouting for acquisitions in the telecom, healthcare and energy utilities segment in the near future.

"We are looking out for acquisitions in niche segments like telecom, healthcare and energy utilities in the coming years. We will be growing through both organic and inorganic routes," Wipro Joint Chief Executive Officer (IT Business) Girish Paranjpe told reporters on the sidelines of the Nasscom summit here.

Paranjpe, however, did not specify the timeframe, amount earmarked or the geographies it was eyeing for acquisitions.

Last year, Wipro acquired the consumer products and lighting business of Yardley and Unza Holdings, which makes personal care and household care products.

 

The Azim Premji-led company has identified four cities in India to set up IT campuses, he said.

"We are looking at land acquisitions for setting up a campus... We have identified four cities across India. We are re-thinking on setting up our proposed IT park in Bangalore," Paranjpe added.

Wipro will take onboard 7,500 people in the current quarter, offer letters for which it had sent out in the previous two quarters.

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First Published: Feb 10 2010 | 6:40 PM IST

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