India Business News

Worldwide Achievers Felicitated the Winners of Realty Leaders Summit & Awards 2017

Worldwide Achievers organized Realty Leaders Summit & Awards 2017 in association with ZEE Business as Telecast Partner and Achievers India as Magazine Partner. Ceremony to felicitate India’s leading top Real estate Companies for increased efficiency and improved performance at large. The event was held at Hotel, The Leela Mumbai on 07th August 2017.

Realty Leaders Summit – The Real Estate Summit 2017 will bring to the forefront, exemplary thought leaders and movers of the dynamic Real Estate industry who through their mammoth experience and achievements will analyze the opportunities and challenges in the real estate market; examine best practices and explore new deal making strategies. The theme of the Summit is revolved around various topics “Smart Cities Concept – Redefining the future of Real Estate in India”, “The Scene today – FDI in Real Estate” and “The Govt.’s mission of Affordable housing for all by 2022”

The awards were based on a comprehensive market research study and opinion surveys conducted by Worldwide Achievers., Shri Syed Shahnawaz Hussain (National Spokesperson of the Bhartiya Janata Party), Shri Ramdas Athavale (Minister of state for Social Justice and Empowerment, Govt of India), Shri Deepak Vasant Kesarkar (Minister of state for home (rural), finance and planning, Govt. of Maharashtra) Mr. Annu Kapoor (India Film and Television Actor) Mr. Manoj Joshi (India Film, Stage and Television Actor) Mr. Rakesh Bedi (India Film, Stage and Television Actor) were the Chief Guest & Guest of Honor at the gala ceremony and gave away the award certificates & trophy to the winners which included Individuals/organizations from all across India.

REALTY LEADERS AWARDS -2017

EARTH GROUP – Most Admired Upcoming Project in Gujarat – Status Ultra Luxurious Living
ADITYA HOUSING AND INFRASTRUCTURE DEVELOPMENT CORPORATION PVT. LTD – Most Promising Residential Construction Company in Southern India

PRIUS GROUP – Best Commercial Property of the Year – Vision Towers
M/S ALCHEMY INDIA – Best Real Estate Construction Company in Delhi/NCR
GARDEN ENTERPRISE/LADANI ASSOCIATES – Best Luxurious Residential Project in Rajkot (Gujarat)
NAMBIAR BUILDERS PVT. LTD. – Best Luxury Villa Project in Karnataka- Bellezea
SAI SAMARTTHA PROPERTIES – Best Authentic Theme Based Residential Project in Maharashtra- Shriyans
GFS REALTORS – Leading Real Estate Marketing Company and Consultants (Tier ii & iii Cities)
ADP – Most Promising Architecture–Commercial in India
ARK VILLAGE 24 DESIGN STUDIO PVT. LTD. – Best Contemporary Architecture Company in Delhi
EKTA WORLD – Best Luxurious Real Estate Developer in Maharashtra
ANSA – Best Interior Design Service in Delhi/NCR
NIRVANA REALTY – Best Emerging Real Estate Company of the Year
DEEPAK MEHTA ARCHITECTS – Most Promising Residential Architecture in Mumbai
PRIUS GROUP – Best Emerging Real Estate Company of the Year
VISHWKARMA CONSTRUCTION – Fastest Growing Construction Company in Haryana
VREP CONSTRUCTION & CONSULTANT PVT LTD – Best Construction & Consultant Company in Bangalore

P. K. Choudhary (CEO) Worldwide Achievers said that the winners have exemplified excellence amongst their peers in respective industries and regions. Almost all the winners scored extremely well in our research study due to their dedication towards excellence, dedication, innovation and best ethical practices. By competing with the very best from their sector, winners know that their work has been evaluated by the sharpest minds in the sector, and that their services and contribution have truly excelled. These awards intend to inspire others towards big achievements.

ABOUT WORLDWIDE ACHIEVERS

Worldwide Achievers is a dynamic global analytical company providing ratings, research and analysis services.

We are leading Market research & rating company in India. We have been providing state of the art market research, rating and analysis for organizations of all sizes.

We are also the foremost provider of high-end research to the world’s largest leading industry. With sustainable competitive advantage arising from our strong brand, unmatched credibility, market leadership across businesses, and large customer base, we deliver analysis, opinions, and solutions that make markets function better.

HCL Launches A.I–Powered Process Transformation Platform and Consulting Offerings

  • DRYiCETM COPA platform applies smart A.I–powered elements to the front, middle and back–end processes
  • DRYiCETM TAO offers specialized autonomics & orchestration assessment and strategy consulting services

HCL Technologies (HCL) continues to pioneer best–in–class A.I–powered solutions to transform entire IT services landscapes as well as business processes and application engineering processes. HCL has recently launched ‘Cognitive Orchestrated Process Autonomics (COPA)’ Platform for enterprise–wide process revamp and ‘Transformation through Autonomics & Orchestration (TAO)’, bringing top–end consulting services to enterprises, looking to rebuild their business and IT systems on the foundation of A.I.

DRYiCETM COPA platform applies smart A.I–powered elements to the front, middle and back–office processes, driving end–to–end automation and orchestration of IT / Business Processes and creating a ‘Unified Office’. DRYiCETM TAO is an Autonomics & Orchestration assessment and strategy consulting service, helping organizations chart out a detailed and descriptive pathway to an A.I–powered future.

Speaking about the evolution of automation, Tom Reuner, SVP – Intelligent Automation at HfS Research stated, “To enable a truly digital experience, organizations have to connect the back, middle and front–office to achieve what HfS terms the OneOffice. To enable and accelerate this journey, the notion of orchestrating a diverse set of automation approaches is a critical enabler. By integrating a broad set of automation capabilities, COPA provides organizations with critical building blocks to enhance their automation assets.”

“The success that we have seen in bringing the impact of A.I to our enterprise customers, since we launched DRYiCETM two years ago, has allowed us to amass an incredible amount of invaluable real world experience about the practical aspects of A.I applications”, said Kalyan Kumar, CTO – IT Services, HCL Technologies. “For enterprises looking to rebuild their systems on the foundation of A.I, we have introduced next–generation offerings and platforms, including a radical reimagining of the traditional role of robotic process automation through DRYiCETM COPA and expert assessment and strategy consulting service DRYiCETM TAO.”

DRYiCETM COPA platform brings together the best of Robotic Process Automation (RPA), Orchestration, Artificial Intelligence, Machine Learning, and the Natural Language Processing–enabled Cognitive Virtual Assistant – ‘LUCY’. COPA automates entire IT or Business Process chains end–to–end in a seamless way, delivering a ‘Unified Office’ experience to end–users. It achieves this by integrating back–end RPA with front–end NLP and A.I for judgmental decision making, enabling accurate recognition of queries and offering real–time deliverables.

DRYiCETM COPA and DRYiCETM TAO are powered by a team of 200+ autonomics specialists, including professionals certified on cognitive platforms like WorkFusion Smart Process Automation. HCL DRYiCETM Autonomics & Orchestration suite offers end–to–end and full stack Automation covering IT services, business services, digital operations and business processes.

Max India Reports Strong Financials for First Quarter FY2018

  • Max Healthcare Network Gross Revenues: Rs. 702 Cr., grew 10%
  • Max Bupa Gross Written Premium: Rs. 159 Cr., grew 30%
  • 102 out of 190 units already sold in Antara Senior Living’s Dehradun community 

Max India Ltd. (Max India), Max Group’s listed company operating in the Health and Allied Services sector, today announced its financial results for the first quarter of financial year 2017-18 (Q1 FY2018).

Max India’s flagship operating company Max Healthcare (MHC), reported Gross Revenues of Rs. 702 Cr. in Q1 FY2018 for its network of owned and managed hospitals, growing 10% over the previous year. MHC’s key tertiary and quaternary care specialities continued to be significant contributors to revenue growth with Oncology, in particular, reporting strong 24% growth during the quarter.

Max Bupa, one of India’s leading standalone private health insurers, reported Gross Written Premium (GWP) of Rs. 159 Cr. in Q1, growing a healthy 30% over the previous year. This quarter also marked the on-boarding of South Indian Bank as a new bancassurance partner for Max Bupa, making this the sixth such partnership for Max Bupa. Operations under this alliance will commence in the second quarter of FY2018.

Antara Senior Living, the third operating company under Max India, is pioneering the concept of ‘Age in Place’ for the elderly by developing Senior Living communities in India. With its first community in Dehradun having become operational, the company has now sold over 50% of its units (102 out of 190) in the community. Since inception, Antara has generated collections of Rs. 208 Cr.

Commenting on Max India’s performance, Mr. Rahul Khosla, Chairman, Max India said, “Max India’s key businesses continued to perform well this quarter and are well positioned to deliver strong growth through the year. It is a testimony to Max Healthcare’s focus on customer-centric processes that our patient experience scores have improved 11 percentage points over last year, driven by initiatives that cover medical and administrative touch points for patients and their families. We have also gained traction in the newly launched Centre for Liver and Biliary Sciences at Max Saket, completing 100 liver transplants in a short 5-month period. Max Bupa’s new partnership with Bank of Baroda has already started bearing results, driving strong overall growth especially in the bancassurance channel. Finally, with the successful launch of Antara’s first community in Dehradun, our focus will now be on accelerating sales and improving collections.

Mr. Mohit TalwarManaging Director, Max India, added, “MHC’s growth is being driven not only by our key specialities such as Oncology, which grew 24% this quarter, but also by expansion into upcountry centres such as Lucknow, Moradabad, Meerut, Srinagar, as well as into key international markets. In addition, cost optimisation efforts at MHC have delivered savings of over Rs. 15 crore in material and personnel costs over the past quarter. Max Bupa continues to outpace the private health insurance sector with strong GWP growth and is on track to achieving break-even by 2019. With multiple key marketing efforts lined up, Antara is expected to ramp up its sales velocity significantly in the coming months.”

In January 2016, the Max Group concluded an important corporate restructuring wherein the erstwhile Max India was demerged into three separate entities, Max Financial Services, Max India and Max Ventures & Industries. With the listing of the Max India stock in July 2016, all three holding companies of the Max Group are now listed.

About Max Group

The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Health & Allied businesses and packaging sectors. In FY 2017, the Group recorded consolidated revenues of Rs 16,798 Cr. It has a total customer base of 9 million, nearly 240 offices spread across India and people strength of 22,500 as on 31st March 2017. The Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC, Ward Ferry, Temasek, Vanguard, Wasatch, Fidelity and New York Life. 

The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries.

About Max India Limited

Max India, the holding company of Max Bupa Health Insurance and Antara Senior Living and equal joint venture partner in Max Healthcare, is focused on health and allied businesses. Max Healthcare and Max Bupa Health Insurance are joint ventures with global leaders, Life Healthcare (South Africa) and Bupa Finance Plc. (UK), respectively. These businesses have well-entrenched positions in their respective categories, and are recognized for their outstanding service standards. The Company owns and actively manages a 49.70% per cent stake in Max Healthcare, a 51% stake in Max Bupa Health Insurance and a 100% stake in Antara Senior Living.

Max India is listed on both the Bombay Stock Exchange as well as the National Stock Exchange.

For further information, please visit:
Max Group: www.maxgroup.in
Max India: www.maxindia.com
Facebook: https://www.facebook.com/themaxgroup
Twitter: https://twitter.com/maxgroup

Digital Harbor launches Industry’s First Clever and Collaborative Healthcare Provider Credentialing Application “Know Your Provider” – KYP 4.0 in NAMPI 2017

Digital Harbor, a leader in risk management and healthcare fraud prevention, and a trusted partner of leading healthcare organizations across the United States, launched Know Your Provider – KYP 4.0, in National Association for Medicaid Program Integrity (NAMPI), at Miami, FL, on 7th Aug 2017.

Know Your Provider is a clever and collaborative provider credentialing application that drastically reduces credentialing turn-around times while seamlessly complying with Medicaid regulations. While Digital Harbor is renowned for its history of innovation, Know Your Provider is the latest in its innovation kitty that has already resulted in a cost saving of more $500 Million to its customers.

Speaking at the occasion, Rohit Agarwal, Innovator-in-Chief, Digital Harbor Inc., said, “Medicaid is poised to undergo the most significant budget transformation in its 40-year history. Over the next decade, Medicaid would need to serve an increased number of beneficiaries with fewer providers and even fewer dollars amidst dynamic and increasing regulations. To accomplish this, Medicaid requires game-changing processes and technologies. KYP 4.0, not only saves Provider and Enrollment analyst frustrations, it can prevent draining of billions of $ in improper payments annually. With KYP 4.0, providers can enrol in weeks’ vs months using self-service portals and real-time screening technologies. Beneficiaries can be connected to services across benefits programs with 360-degree views, voice driven provider directories and personal health assistants. States can eliminate ineligible beneficiaries and providers through real-time monitoring and manage their programs through social dashboards.”

Chuck O’Brien, Director of Consulting, Digital Harbor Inc., said “We are launching KYP 4.0 at a time, when the healthcare providers are struggling to enrol themselves with State Medicaid, with waiting times of up to 6 – 10 months and the enrollment analysts are struggling to comply with regulations, with tripling workloads. KYP screens the health care providers against 15000+ data sources and reduces credentialing times literally from months to weeks.”

Delivered by Social Enterprise (S.E.T.) Technology Universal Platform, KYP is the industry’s first smart and modular provider network management system that houses never-before social collaboration and intuitive functionalities. 

About Digital Harbor

With over 18 years of expertise in providing compliance and intelligent risk management solutions, agnostic of industry, Digital Harbor has transformed the way enterprise knowledge workers respond to real-time data variations in complex business processes. Digital Harbor pioneered the “Know Your Customer (KYC)” solution for the banking industry in the US which later became a norm across industries and regions and recognized as a leader in risk management solutions for financial institutions. Innovating healthcare operations using its generational Social Enterprise Technology (S.E.T.) Universal Platform, Digital Harbor is now a trusted partner of leading healthcare organizations across the United States. For more information, please visit www.digitalharbor.com

About NAMPI

National Association for Medicaid Program Integrity (NAMPI) was launched with an intent to create national Medicaid program integrity through the channelling of funds for required services. Their primary task focuses on instances of fraud and abuse in the Medicaid Medical Assistance Program. NAMPI encompasses all 50 states of the U.S. Members are from various professional disciplines, including but not limited to, attorneys, nurses, contractors, investigators, managed care staff and pharmacists.

Social Media Handles-

Linkedin– https://www.linkedin.com/company/digital-harbor
Twitter- https://twitter.com/digital_harbor
Youtube- https://www.youtube.com/channel/UCUxCp9vPrQqAelOGpPBUE6Q
Facebook- https://www.facebook.com/digitalharborInc/

Piramal Finance Limited Recognised Amongst Top 10 India’s Great Mid-size Workplaces by Great Place to Work Institute

  • Piramal Finance ranked 4th in the Great mid-size Workplaces
  • The survey identified Piramal Finance for creating a culture of high performance and employee benefit

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited has been recognized as one of India’s Top 10 Great Mid-size Workplaces, 2017. The annual reputed survey that is conducted by Great Place to Work Institute has ranked Piramal Finance 4th for the MSME category over 650 organisations who participated in the survey this year.

For over 25 years, Great Place to Work® has been conducting pioneering research on the attributes of workplaces and is considered the benchmark for assessing and certifying great workplace cultures. Organisations make an effort to build trust and create an environment that delivers outstanding business performances. Over time, Great Place to Work has been distinguishing organizations’ efforts to make workplaces employee friendly and create a strong culture with employee value proposition.

Piramal Finance Ltd. has embarked on a comprehensive HR Transformation Journey through many efforts, one such effort is implementation of SEEDS (strategy for employee engagement & development support). SEEDS is a comprehensive research driven, collaborative HR strategy (covering the entire spectrum of HR) chalked out to meet the 2020 goals of the organisation. Piramal Finance was given the prestigious honour based on the annual Trust Index© by Great Places to Work’s employee assessment survey of 650 participating organizations in the MSME category, across the country.

Khushru Jijina, Managing Director, Piramal Finance Limited, said “At Piramal Finance, employees come together as a family, to work in the best interests of our organization. Piramal Finance has charted successful territories and paved new paths in the last few years, built on the foundation of unwavering commitment of our employees to this family. This award is a testament to the passion and dedication of our employees, in tandem with our constant efforts to enable a truly empowered work culture based on strong values.”

The survey analyses companies on a host of dimensions such as credibility, respect, fairness, pride and camaraderie. It also measures the company on factors including employee engagement, trust, work-life balance, career development, and rewards & recognition.

Piramal Finance Limited exceeded survey benchmarks across several areas covering innovation, diversity and workplace environment. 98% of employees participated in the survey and rated Piramal Finance in the following areas:

  • 93% employees felt pride in the company and looked forward to coming to work
  • 95% agreed to a strong sense of family and community in the organization – camaraderie
  • 96% of employees believe in the integrity of their management and that it is honest and ethical in its business practices

About Piramal Finance Limited: 

Piramal Finance is the financial services division of Piramal Enterprises, the flagship company of Piramal Group. Piramal Finance provides both wholesale and retail funding opportunities within real estate and non-real estate sectors (under its Corporate Finance Group). The platform is capable of funding across the entire capital stack ranging from early stage private equity, structured debt, senior secured debt, construction finance as well as Flexi Lease Rental Discounting (within real estate). Piramal Finance also has a third party fiduciary business advising institutional and retail investors alike through customized fund strategies such as the Mumbai Redevelopment Fund focused on slum rehabilitation and the Apartment Fund focused on bulk buying individual units as well as larger separate account mandates with leading global pension funds such as CPPIB, APG and Ivanhoe Cambridge. Piramal Finance has also recently set up a housing finance vertical and is awaiting the requisite licenses from the NHB before commencing full-fledged operations.

About Piramal Enterprises Limited: 

Piramal Enterprises Limited (PEL) is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Insights & Analytics and Financial Services. PEL’s consolidated revenues were over US$1.3 billion in FY2017, with 51% of revenues generated from outside India. In Pharma, through an end-to-end manufacturing capabilities across 13 global facilities and a large global distribution network to over 100 countries, PEL sells a portfolio of niche differentiated pharma products and provides an entire pool of pharma services (including in the areas of injectable, HPAPI etc.). The Company is also strengthening its presence in the Consumer Product segment in India.

PEL’s Healthcare Insights & Analytics business, Decision Resources Group, is the premier provider of healthcare analytics, data & insight products and services to the world’s leading pharma, biotech and medical technology companies and enables them to take informed business decisions.

In Financial Services, PEL, through its Piramal Fund Management Division, provides comprehensive financing solutions to real estate companies. The Division’s Corporate Finance Group (CFG) also provides senior and mezzanine growth capital to various businesses across varied sectors that are integral part of India’s growth story.

The Division has also launched Distressed Asset Investing platform that will invest in equity and/or debt in assets across sectors (other than real estate) to drive restructuring with active participation in turnaround. The total funds under management under all these businesses are ~US$5 billion. The Company has recently applied for HFC license. The Company also has strategic alliances with top global funds such as APG Asset Management, Bain Capital Credit, CPPIB Credit Investment Inc. and Ivanhoé Cambridge. PEL also has long term equity investments worth ~US$700 million in Shriram Group, a leading financial conglomerate in India.

PEL is listed on the BSE Limited and the National Stock Exchange of India Limited in India.

About Great Place to Work®

Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune 100 Best Companies to Work For® list and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium companies, as well as lists representing many different industries. Great Place to Work® provides executive advisory and culture consulting services to businesses, non-profits, and government agencies in over 50 countries across six continents.

With RBI Cutting Repo Rate, Fence Sitters Should Step Forward and Make Their Home Buy Decision

The aspect of Inflation being under control; and at an all-time low at 1.54 per cent, logically, would support the aspect of it being the right time to lower interest rates. Given macro-economic data which showed inflation at a record low; as also factoring in the impact of the fall in factory output, the Reserve Bank of India (RBI) reduced the short-term lending rate (repo rate) by 25 basis points (bps) to 6 per cent, at the bi-monthly policy review on 02 August 2017. The markets as also industry pundits were hoping for something higher – personally, I felt that 50 bps would have been welcome.

Over the period of one year, Indian business and industry are expecting a 100 bps rate cut, and in light of this, a cut of 0.50 bps in August would have been apt. From the perspective of the real estate industry, any rate cut by the RBI boosts sentiment and has a positive effect on sales of residential real estate. While a cut of 50 bps this August would have been welcome, a cut of 25 bps after four straight reviews when rates remained constant, is a welcome step

The Indian economy as also the real estate industry has been grappling with the impact of Demonetization, RERA and GST, which have effectively, slowed down the ‘buy’ decision; almost all home seekers have been in a ‘wait and watch’ mode since past few months. In light of this, the rate cut will bring in much-required positivity for sentiment, which in turn, will have a positive impact on home buyers, and I expect the RBI’s announcement of a 25 bps repo rate cut to not just boost positive sentiment, but also mark a turnaround from the negativity which had been perceived in the real estate sector.

Given the recent incidental changes in operations of Indian real estate as also the perceived slowdown in the economy, credit options were limited. The rate cut brings in the affirmation to push home loan lending. For the home buyer, it will translate into lower EMIs and a wide array of options and choices for customers to buy their dream homes. This should impact ‘indecisive fence sitters’, and they should start to buy homes at better pace, given that market sentiments are conducive for home buying.

The Prime Minister’s vision of ‘Housing for all by 2022’ as also the target for ‘Affordable Housing’ should be achieved by various initiatives under the Pradhan Mantri Awas Yojana (PMAY), with various positives, including interest subventions scheme for Affordable Home buying and granting of infrastructure status making long term funding available such projects.

Given the high process of land the metro cities, we need to look at availability of comparatively cheaper land parcel in peripheral and Ties II & III cities, and I feel PMAY could be useful for such locations.

I expect residential real estate sales to improve post RERA and GST, and given that no tax is applicable for buildings having received OC, post the RBI’s announcement of a 25 bps repo rate cut, I expect fence sitters to step forward and make their ‘home buying’ decision.

~ Dr Niranjan Hiranandani is Founder & CMD, Hiranandani Group. His recent initiative is Hiranandani Communities. He is also Founder and First President, National Real Estate Development Council (NAREDCO-Maharashtra), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India.

Wipro Partners with and Invests in Tricentis to Deliver End-to-End Hyper Automation across Quality Lifecycle

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and Tricentis, a software testing company and a thought leader in the automated testing space, today, announced a partnership for Quality Engineering.

This partnership with Tricentis will strengthen Wipro’s Quality Engineering and Testing Services capabilities, by integrating Tricentis Tosca, a continuous testing platform, with Wipro AssureNXT, a managed services QA platform combined with the capabilities of Wipro HOLMES Artificial Intelligence PlatformTM as a part of the broader automaton ecosystem.

The Wipro – Tricentis partnership will enable clients to successfully achieve their business outcomes in today’s digital landscape by enabling continuous integration, delivery and in turn, DevOps. The joint offering will also help improve time-to-market and quality by augmenting end-to-end automation across the software testing lifecycle.

“We believe that clients will see this partnership as a game changer as the two prominent leaders in the industry get together to create a truly disruptive proposition for continuous testing. It will help them drive speed in their business while bringing effectiveness and experience to their automation journey, through the powerful combination of Wipro AssureNXT, Wipro HOLMES and Tricentis Tosca,” said Hiral Chandrana, Senior Vice President, Business Application Services, Wipro Limited.

“As organizations increasingly adopt transformation initiatives, such as DevOps, the reliance on legacy testing tools and approaches are holding organizations back, throttling the speed of innovation,” said Sandeep Johri, CEO of Tricentis. “Software development has evolved dramatically in the shift from waterfall processes to Continuous Delivery pipelines. Software testing must also change in order to control business risks in a faster, more flexible manner.”

Along with the partnership agreement, Wipro Ventures, the strategic investment arm of Wipro Limited, has made an investment in Tricentis, as part of their most recent funding round.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Praxis Media Announces Winners of its National Business Leadership & Service Excellence Awards, 2017 in New Delhi

On Saturday, July 29, 2017 the National Business Leadership & Service Excellence Awards, 2017 were held at Hotel Crowne Plaza Today, New Delhi amidst the elites of the business and service sector. The National Business and Service Excellence Awards are organized, every year, by India’s leading media and marketing group, Praxis Media to celebrate and recognize those Achievers, Innovators and Leaders of the Business and Service sector that are maximizing their potential and have mastered the art of delivering quality products, excellent services and trustworthy brands and business names.

This year, the National Business Leadership & Service Excellence Awards, 2017 were presented to more than 50 winners at 5 different levels. The exacting and daunting feat of zeroing-in on the winners was achieved by Praxis Media, with the support from its associates and partners, after an elaborate and meticulous selection process which included inviting nominations from potential nominees, substantial research & surveys, collation of feedback & opinions, screening based on pre-determined judging parameters and subsequently choosing the winners through an independent jury panel. The significant parameters which were considered for selecting the winners included Market Presence & Competition, Growth & Profitability, Quality & Operational Excellence, Financial & Business Acumen, Innovation & Novelty in Services, Ingenuity and Imagination, Sustainability & Environmental Awareness, Job & Impact Potential, Client/Customer & Industry Feedback, Use of Technology & Trends, Efforts for Risk & Setback Mitigation, Previous Awards & Achievements etc.

The event was graced by an elite panel of guests and dignitaries that included names like Shri Anil K. Shastri – Senior Politician & Former Finance Minister, Government of India, Shri Sandeep Patil – Former Cricketer & Chief Selector, Indian Cricket Team, Dr. Sonal Mansingh – Padma Visbhushan Winner & Cultural Icon of India, Dr. Jai Madaan – Celebrated Astrologer & Numerologist.

National Business Leadership & Service Excellence Awards, 2017, an initiative of Praxis Media, in association with Business Synergy – India’s leading online business & service resource and Global Brands Network – Confederation of most valuable brands worldwide was instituted in 2015 to recognize and felicitate the achievements and the work done by individuals and organizations in maintaining excellent quality in their business and services with commendable commitment, exemplary approach and innovative vision which is an inspiration in itself.

The initiative was well supported by Business Synergy – Brand Partner, SkillOutlook – Knowledge Partner, India Entrepreneurs Club – E- Platform Partner, Global Brands Network – Network Partner, The SME Times, Business Sandesh, LifestylePost.Online and Navyug Sandesh as its Associate Partners who echoed the same objective of ‘Business & Service Excellence’.

A comprehensive list of winners of the National Business Leadership & Service Excellence Awards, 2017:

Design Plus – Best Architectural Firm in Assam, Dr. Bharat Saboo – Best Consultant Diabetologist in IndoreGS Studio Design Consultants – Best Architectural Firm in HyderabadDr. Harish Kumar Agarwal – Best Consultant Psychiatrist in Uttar PradeshMakoons Pre School – Best Pre-School Chain in North India, The Dental Station – Best Multi-Speciality Dental Clinic in Noida, Sanskar Dream School – Best Junior School in Aurangabad, Dt. Manjula Singla – Best Dietician and Nutrition Consultant in UttarakhandPERFECT SMILE Verma’s Dental Implant & LASER Centre – Best Multi-Speciality Dental Clinic in HaryanaLemon Archi Visuals® – Best Consultant Interior Space Planner in Madhya Pradesh, Trinity Studio Private Limited – Best Architectural 3D Visualization Company in IndiaNRDS Management Private Limited – Best Vocational Training Institute in Assam, Dr. Mansi Arya – Best Homeopathic Consultant in New DelhiMr. Ravi S. Sopariwala – Best Design Consultant in SuratClassy Grafts – Best Hair Transplant Centre in Bengaluru, Rebanta Academy of Design – Best Design Institute in Madhya PradeshMeadows Wellness – Best Beauty and Wellness Centre in NoidaHappybees Pre School – Best Pre-School in GujaratSreedhar’s CCE – Best Competitive Exams Institute in Andhra PradeshDr. Monga Ayurvedic Medi Clinic – Best Ayurveda Treatment Clinic in New DelhiADeCon – Best Architect and Design Consultant in New Delhi, NatureHealz Private Limited – Best Naturopathy Health and Wellness Centre of the YearDr. Tushar Vinod Deoras – Best Career Counsellor in IndiaSeeds of Innocence IVF & Surrogacy Hospital – Best IVF Centre in IndiaInterior Options – Best Interior Decorator in North IndiaMithi Interiors Private Limited – Best Turnkey Interior Design Firm in IndiaRanjana Physiotherapy Clinic & Ladies Fitness Centre – Best Physiotherapy Clinic in BhopalIndraprastha Apollo Hospitals, New Delhi – Service Excellence Award for Outstanding Contribution in HealthcareRajiv Gandhi Cancer Institute and Research Centre – Best Cancer Care Hospital in India, Fortis Hospital, Noida – Best Super-Specialty Hospital in North India, Merryland International Play School – Best Upcoming Innovative International Play School in OdishaShantiratn Foundation De-Addiction & Rehabilitation Center – Best De-Addiction Centre in Delhi & NCR.

The Founder-Director of the media group, Mrs. Swagatika Patel Singh was also present at the function and said that each winner has exemplified excellence and typified the very best of teaching practices and educational innovations. These winners are enhancing young lives on a daily basis by giving them proper guidance, immaculate skills, inviolable courage and unlimited curiosity. We understand that true education can make a real difference and that is exactly what all the winners here can take pride of. These recognitions will further strengthen their ability to steer their objective through turbulent times, apply the best of the professional modules to manage and keep their missions afloat.

About Praxis Media Private Limited:

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