Wipro Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "Wipro Announces AI-Native Business & Platforms Unit toComplement Core Services and Drive Next Phase of Growth".
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Wipro has announced a new AI-Native Business & Platforms Unit to complement its core IT services business, effective April 1, 2026. The unit will focus on building enterprise-grade agentic AI solutions and will own and scale Wipro Intelligence's platform portfolio, including NetOxygen, CROAMIS, IHS, HPS, Enterprise Telco AI, WINGS, and WEGA. It will operate under an invest-build-partner model, working with Wipro Ventures. Nagendra Bandaru, a nearly 30-year Wipro veteran, has been appointed as CEO of the new unit, while Kanwar Singh (30+ years of industry experience) joins as President and Managing Partner of Technology Services GBL. CEO Srini Pallia described this as a 'strategic pivot' aimed at enabling non-linear, scalable growth in the AI era.
This is a strategic restructuring move, not a financial event — no revenue or earnings impact was disclosed. For shareholders, it signals Wipro's intent to reposition itself around AI-led platforms and outcome-based services, which could support long-term growth if execution succeeds, though near-term stock impact is likely limited.