Wipro Ltd today announced the decision to increase stake in Spectramind by 66 per cent to 90 per cent, and it had bagged a $20 million contract for a UK-based utilities' firm during the first quarter of 2002-03.
Wipro Ltd chairman Azim Premji said the company had paid around $83 million to increase its stake in Spectramind, while the total pay out for all of 90 per cent would be around $93 million.
Premji said Wipro had bagged the five-year contract for a UK-based utilities' company to remote manage their 350 heterogeneous servers, 3,200 network elements and 44 databases, spread across 118 locations in the UK and Ireland.
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Raman Roy will continue to be the chief executive officer of Spectramind, a business process outsourcing company.
Wipro also won its first PCMM consulting assignment for a US corporate and in India it has started work for a client on Six Sigma Consulting. "This was a quarter where we translated our strategic plan into business initiatives," Premji said.
Wipro also appointed Steve Zucker as chief executive of infrastructure services.