Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 52

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 4
Chunk 52
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 insurance;
•Rizing Intermediate Holdings, Inc and its subsidiaries (“Rizing”), a global SAP consulting firm with industry expertise and consulting capabilities in enterprise asset management, consumer industries, and human experience management; and
•Convergence Acceleration Solutions, LLC (“CAS Group”), a U.S.-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers.
Please see Note 7 of the Notes to the Consolidated Financial Statements for additional information regarding our acquisitions.
Divestitures
During the year ended March 31, 2023, we sold 100% of the membership interest in Wipro Opus Risk Solutions LLC, which is accounted for using the equity method. There were no divestitures during the years ended March 31, 2024 and 2025.
Capital Expenditure
We incurred total cash outflow of ₹ 14,834 million, ₹ 10,510 million and ₹ 14,737 million during the fiscal years ended March 31, 2023, 2024 and 2025, respectively. We incurred these capital expenditures primarily on new software development facilities in India and investments in IT assets. As of March 31, 2025, we had contractual commitments of ₹ 8,719 million related to capital expenditures on construction or expansion of software development facilities and investments in IT assets.

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Industry Overview
IT Services
According to the Strategic Review 2025 published by NASSCOM (the “NASSCOM Report”), global IT services spending grew at 4.7% year-over-year in the calendar year 2024. Growth was driven primarily by enterprises prioritizing operational excellence initiatives given the tough macroeconomic environment. With stabilizing inflation, a cooling labor market, and interest rate cuts, technology spending is expected to improve. Enterprises are expected to focus on scaled adoption of AI with outcome-driven use cases and invest in technology refresh as a precursor to the same.
Global IT service providers are equipped to support enterprises across industries with a wide range of consulting services, business process services, technology services across AI and GenAI-based offerings, digital transformation, cloud, application development, maintenance and support, data and analytics, cybersecurity and engineering and R&D. We expect the IT services industry to play a pivotal role in helping enterprises across key areas such as AI and GenAI experimentation and scaled adoption, cost optimization, operational excellence, digital transformation, security advisory and managed services, vendor consolidation, customer experience, innovation in products and services, and talent