InvestorQ : What is your view on Wipro after the latest deal from Marelli?
swati Bakhda made post

What is your view on Wipro after the latest deal from Marelli?

Answer
user profile image
Sam Eswaran answered.
2 weeks ago


Wipro on Tuesday announced a multi-year global agreement with Marelli. This company is known for providing automotive engineering services to automobile clients across the world and has a marquee list of clients in its roster.

Wipro has secured the contract to establish software engineering protocol on behalf of Marelli based on its EngingeeringNXT framework. Marelli has a much larger plan to utilize the expertise of Wipro to improve operational efficiency and focus on connectivity and mobility solutions.

As of now, Wipro has not disclosed the value of the deal but it is estimated to be a top bracket deal for Wipro. This opens up a new door for Wipro in engineering services too and de-risks its business model much beyond the traditional IT services business.