Wipro bets on govt, defence vertical

Written by Rachana Khanzode | Mumbai | Updated: Mar 18 2009, 06:07am hrs
Wipro Infotech, the India and Middle East arm of the $5 billion Wipro Limited, said it is betting big on the government and defence vertical in India. The company is expecting an increase of 75% in its revenues from this vertical.

Ranbir Singh, general manager-government and defence vertical, Wipro Infotech, said, We expect revenues from the government and defence vertical to be around Rs 700-1000 crore in the coming financial year, up from Rs 400 crore in the current financial year.

According to Singh, the company is banking on a number of strategic projects it was able to bag during the year.

Wipro recently bagged a contract worth Rs 1,182 crore for a period of 6.5 years from the Employees State Insurance Corporation (ESIC). The project, titled Project Panchdeep, is aimed at improving healthcare services to its beneficiaries by providing online facilities to employers and insured people for registration, payment of premium and disbursement of cash benefits.

We are also looking forward to various projects like the financial intelligence unit that are expected to come up in the government and defence vertical.

Projects like defence communications and AWAN 2 (army wide area network), that will involve setting up infrastructure, networking and development of application software, are expected to come up for bidding in the coming year.

The RFPs for these projects are not yet out, so it's difficult to say what value they would have, but usually projects in the defence area range Rs 500-600 crore, Singh said.