Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
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Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 3
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Item 3. Key Information
Capitalization and Indebtedness
Not applicable.
Reasons for the Offer and Use of Proceeds
Not applicable.
Risk Factors

This Annual Report on Form 20-F contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth in the following risk factors and elsewhere in this Annual Report on Form 20-F. The following risk factors should be considered carefully in evaluating us and our business.

Summary of material risks:

The following summary provides an overview of the material risks we are exposed to in the normal course of our business activities. The summary does not purport to be complete and is qualified in its entirety by reference to the full risk factors discussion immediately following this summary. We encourage you to read the full risk factors carefully.
•Our revenues and expenses are difficult to predict because they can fluctuate significantly given the nature of the markets in which we operate.
•Our revenue and operating results may be affected by the rate of growth in the use of technology in business and the type and level of technology spending by our clients.
•Our revenues are highly dependent on clients primarily located in the Americas (including the United States) and Europe, as well as on clients concentrated in certain industries; therefore, an economic slowdown or factors that affect the economic health of the United States, Europe or these industries would adversely affect our business.
•If our clients are unable to pay our dues and receivables, our results of operations and cash flows could be adversely affected.
•Restrictive changes to immigration laws may hamper our growth and cause our revenue to decline.
•Recent and continued escalations in tariffs and trade policies of certain countries with large economies, where we or our clients operate, may directly or indirectly hamper our growth.
•We may be subject to litigation and be required to pay damages for deficient services or for violating intellectual property (“IP”) rights, data breach or breach of confidentiality.
•Some of our long-term client contracts contain benchmarking and most favored customer provisions which, if triggered, could result in lower contractual revenues and profitability in the future.
•Our work with government clients exposes us to additional risks inherent in the government contracting environment.
•Many of our client contracts can be terminated without cause, with little or no notice and without termination charges, which could negatively impact our revenue and profitability.
•Our use of artificial intelligence (“AI”) technologies may not be successful and may present business, financial,