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Wipro to quadruple the number of employees in Norway

Posted On : 2022-06-14 16:23:37( TIMEZONE : IST )

Wipro to quadruple the number of employees in Norway

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, is increasing its investment locally in Norway to help its clients capitalize on digital transformation. Within the next two years the company is looking to grow from 85 to 350 employees in Norway.

"The increased local investment is part of our new operating model, which has identified the Nordics as one of the Strategic Market Units in Europe. As such, we are positioning ourselves as an innovation partner to businesses in the region," said Vinay Firake, Senior Vice President & Managing Director, Nordics, Wipro Limited.

The intention behind the new operating model is to empower local management to provide more in-depth local contact, decision making, and investment for the long-term benefit of local clients. Having a 95 percent locally hired workforce in Norway today, Wipro is determined to stay at this level in its new growth phase.

"We firmly believe that technology is critical to solving the different challenges we face today while shaping the world of tomorrow. To help our clients realize their transformation goals, we will be looking to hire for a range of roles from IT consulting, engineering, and industry domain-all in the local market," said Firake.

"Our employees are the drivers for growth, and their happiness is key for our success. As our society gets increasingly diverse, we also need to make sure that our workforce represents this diversity," he added. "To accommodate today's digital and diverse workforce, we are committed to creating a culture that puts our people at the center of our business and empowering them to realize their full potential. This means continuing our hybrid working model, and for those who choose to work from the office, I am happy to announce that we are upgrading and doubling our office space in Oslo this year."

Nordics are European leaders in digital maturity

Wipro first established itself in Norway and the Nordics in 2006. Since then, Wipro has supported some of the region's largest companies by transforming their business through technology.

"Since we first came to the Norwegian market, we've been focusing on partnering with local companies to achieve outcomes that fundamentally transform their businesses. For instance, Wipro has a long-standing 20-year relationship with the Wilhelmsen Group. We have supported them on enterprise applications and, today, we manage a set of customer integrations and provide robotic process automation support to a part of the Wilhelmsen group. Working in a global organization, I can say that Norway and the Nordics is a special market.

"The willingness to invest correlates with Norway's recent focus on digitalization as a critical tool to develop important sectors further. Business transformation is being largely driven by digitalization, which places Wipro in an important position to help Norwegian companies fulfil their targets. It has also become clear that, without successful digitalization, the sustainable development goals will not be reached by 2030. To meet the local demand and grow our operations, we are first and foremost looking to grow the energy and telecom sectors in Norway, namely in the areas of cloud services and cyber security," Vinay concluded.

Shares of Wipro Limited was last trading in BSE at Rs. 446.25 as compared to the previous close of Rs. 460.90. The total number of shares traded during the day was 363408 in over 10133 trades.

The stock hit an intraday high of Rs. 453.15 and intraday low of 445.50. The net turnover during the day was Rs. 163375979.00.

Source : Equity Bulls


Wipro INE075A01022 WIT Norway EmployeeAddition