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Wipro Wins The 2012 Global MAKE Award

Stocks in this article: WIT

Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced that it has been recognized as a winner of the Global MAKE (Most Admired Knowledge Enterprises) Award 2012. Established in 1998, the Global MAKE Awards are administered by Teleos, an independent research firm based in the United Kingdom.

This is the fifth time that Wipro has been recognized as one of the top global organizations that transforms corporate knowledge into intellectual capital for the enterprise and increases stakeholder wealth by transforming new as well as existing enterprise knowledge into superior products, services or solutions. Wipro has also won the Asian MAKE Award-2012, thus winning the annual award ten times in a row.

The panel that selected the Global MAKE award winners comprised Global Fortune 500 senior executives as well as internationally recognized knowledge management and intellectual capital experts. The panel rated organizations as per the MAKE framework of key knowledge performance dimensions, which are visible drivers of competitive advantage and intellectual capital growth.

Rory Chase, Managing director of Teleos, said: “Wipro Technologies along with the other 2012 Global MAKE Winners are recognized as leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions. Their expanding portfolios of intellectual capital are enabling them to out-perform their competitors during this extended period of global economic uncertainty.”

Acknowledging the recognition, Devender Malhotra, Chief Quality Officer, Wipro Technologies, stated: “At Wipro, Knowledge Management (KM) encompasses all stakeholders -- our employees, customers and even suppliers. KM penetration at the grass root level and innovation are key levers for our delivery teams to delight our customers."

Acknowledging the recognition, Dr. Hariprasad Reddy, Head, Knowledge Management, Wipro Technologies, expressed, “We are pleased to see our commitment recognized through this prestigious award. At Wipro, we are focused on integrating the tenets of knowledge management in the employee life cycle as well as incorporating key elements in the work that we do for customers. This approach is helping us add more business value both within our organization and for our customers.”

The Global MAKE study has found successfully managing enterprise knowledge can yield significant dividends for stakeholders. The 2012 Global MAKE Winners trading on NYSE/NASDAQ showed a Total Return to Shareholders (TRS) of 19.7% for the ten-year period 2002-2011 which is nearly three times the average Fortune 500 Company median.

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