Wipro to invest more in core outsourcing

Filed in archive Outsourcing News on September 7, 2005

In order to tap the $200 billion global infrastructure outsourcing market, Wipro Technologies is betting on big investments: setting up a centralized global command center in Bangalore, hiring more people and developing new service lines.

Currently, the company has 8,000 employees who are dedicated to infrastructure outsourcing. 2,500 of these employees manage international clients such as outsourcing giants EDS, IBM and Accenture.

However, Indian vendors only account for a small fraction of infrastructure outsourcing. "Although the company has witnessed a CAGR of 85 percent over the last five years and has revenues worth $95 million from this segment, we have a minuscule portion of the market," said G K Prasanna, vice-president of infrastructure services business at Wipro.

Nasscom hopes that Indian companies would be able to get a bigger share of the market. "Sixty percent of the market for infrastructure outsourcing can be sent offshore, opening avenues for the Indian industry," said Kiran Karnik, president of Nasscom.

Image Source: www.wipro.com