Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 239

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 239
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 ₹ 1,649 respectively).

As of March 31, 2025, every 1 percentage point increase/(decrease) in expected rate of salary will result in increase/(decrease) of defined benefit obligation by approximately ₹ 1,189 and ₹ (1,129) respectively (March 31, 2024: ₹ 1,118 and ₹ (1,051) respectively).

The sensitivity analysis to significant actuarial assumptions may not be representative of the actual change in the defined benefit obligations as the change in assumptions may not occur in isolation since some of the assumptions may be correlated. Furthermore, in presenting the sensitivity analysis, the present value of the defined benefit obligations has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation liability recognized in the consolidated statement of financial position.
c)Provident fund:
The details of fund and plan assets are given below:

                                                  As at March 31,                            
                                              2024                     2025                  
Fair value of plan assets                         ₹     106,781             ₹     121,067    
Present value of defined benefit obligation            (106,781   )              (121,067   )
Net shortfall                                     ₹           -             ₹           -    

The total expense for the years ended March 31, 2023, 2024 and 2025 is ₹ 5,941, ₹ 6,265 and ₹ 6,517, respectively.
The plan assets have been invested as per the regulations of Employees' Provident Fund Organization (EPFO).

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The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows:

                                                                               As at March 31,    
                                                   2024                     2025                  
Discount rate for the term of the obligation                    7.20    %                 6.55   %
Average remaining tenure of investment portfolio          6.61 years                6.71 years    
Guaranteed rate of return                                       8.25    %                 8.25   %

d)Defined contribution plans:
The total expense for the years ended March 31, 2023, 2024 and 2025 was ₹ 9,000, ₹ 9,969 and ₹ 10,584, respectively.

31. Related party relationship and transactions
The list of subsidiaries, associate and joint venture as at March 31, 2025 are provided in the table below:

Sub