Wipro Limited announced the launch of a new financial services advisory capability in India with the aim to accelerate clients’ end-to-end digital transformation journeys.
Capco, a technology consulting company, acquired by Wipro, will expand Wipro’s market in the Indian financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector. Capco will leverage Wipro’s India presence, networks, scale, and expertise in providing a comprehensive suite of digital transformation services.
Anis Chenchah, CEO of Asia Pacific, Middle East, and Africa at Wipro, said, “Capco’s financial services consulting expertise in India aims to accelerate our clients’ end-to-end transformation journeys.”
“I am confident that the joint forces of Wipro and Capco will play an important role in the industry’s next phase of innovation,” Chenchah added.
Indian consulting market is estimated to be $8.6 billion, of which financial services account for an estimated $2.95 billion*.
In partnership with Wipro, Capco will offer strategic advisory and consulting capabilities to Indian financial services firms that are on their digitization journey.
Lance Levy, CEO of Capco and Executive Sponsor of Wipro’s Financial Services business, said: “I am delighted to introduce Capco’s financial services advisory capability in India. We will combine our deep domain expertise around digital banking and insurance, data and cloud transformation, intelligent automation, and cybersecurity together with Wipro’s scale and extensive delivery to offer a fresh and dynamic, end-to-end, transformational experience for our most important clients.”
Wipro has over 2.5L employees and business partners across 66 countries. With a growing client portfolio comprising over 100 global organizations, Capco operates at the intersection of business and technology.