The company is readying a plan to include alternate energy, water treatment, food and agriculture businesses under its infrastructure business - Wipro Infrastructure Engineering Limited.
Wipro Infrastructure Engineering Limited (WIL) is primarily focussed on delivering hydraulic cylinders, components and solutions to global original equipment manufacturers in the infrastructure space.
Wipro has been in the hydraulic cylinder business for about 30 years and commands a market share of around 70 per cent in this category.
According to analysts, by diversifying into emerging areas such as clean energy, food processing and agricultural solutions, the company is able to cover a broader area and thus protect itself from market fluctuations.
Following the acquisition of Mumbai-based Aquatech Industries this year, Wipro has already made its intent clear to be an active player in the water business.
The buy has equipped Wipro with capabilities to provide complete water treatment solutions including process, plant, equipment and services for all types of industries. Aquatech is also a dominant player in the high purity water segment for the pharmaceutical industry, which will be an added advantage for Wipro.
Wipro Water, the new business division within WIL, aims to become a global player by becoming a
