Financial Daily from THE HINDU group of publications
Wednesday, Apr 17, 2002

Port Info

Group Sites

Info-Tech - Software
Corporate - Diversification

Wipro unfolds new business segment

Our Bureau


WIPRO Ltd has announced a new business segment in its fold, Wipro Healthcare and Life Science. The company has appointed Mr D.A. Prasanna, as Vice Chairman, to head the division, said the Chairman, Mr Azim Premji.

Mr Prasanna, earlier Managing Director of Wipro GE Medical Systems will continue to be on the board of GEMS and will be a member of the Corporate Executive Council. He will also be the Chairman of Wipro Fluid Power.

Existing business in the healthcare area from Wipro Biomed and Wipro Technologies will be transferred to the new segment.

The division already has a momentum, with over $15 million revenues from the business last year, said Mr Prasanna.

Healthcare and Life Sciences will have three main areas of business — solutions for hospitals and health insurance companies; Bioinformatics solutions to Life Sciences and IT solutions to medical and analytical devices companies.

The new division will have 130-140 people. Being a specialised area, PhDs and people with experience in protein chemistry, molecular science and so on will be taken.

Wipro GE and Wipro Life Sciences will not compete and are complementary, Mr Premji said. Mr Prasanna said that Wipro wanted to be a ``leader in the area in a decade'' and if acquisitions are mergers were ``the strategy required'', they would do it.

Send this article to Friends by E-Mail

Stories in this Section
Satyam annual results on April 24

Touchtel talks direct to market phone services
BPL gets ready for wireless war
Wipro unfolds new business segment
CDC Linux, CSIR sign pact
Kerala: Cable laying stalled
`IT cos should get rid of Abhimanyu syndrome'
US call centre rating firm seeks nod to enter India
ISO 9001 for Global E-SoftSys
SAP eyeing new `priority' sectors
Juniper hopeful of rapid growth

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line