Wipro Announces Completion of Step-Down Subsidiary Mergers
Wipro Limited announced on April 1, 2026, the completion of mergers involving two of its step-down subsidiaries. The mergers, intended to rationalize and consolidate the overall group structure, were finalized on March 30, 2026 (Eastern Time) and March 31, 2026 (Eastern Time), respectively.Capco RISC Consulting LLC merged with The Capital Markets Company, LLC. Capco RISC Consulting LLC reported a turnover of USD 15,287,915 as of March 31, 2025, while The Capital Markets Company, LLC recorded a turnover of USD 284,878,466 for the same period. Both entities are engaged in providing IT services, consulting, business process services, and IT products globally.
Separately, Cardinal US Holdings, Inc. merged with Wipro IT Services, LLC. Cardinal US Holdings, Inc. reported a turnover of NIL as of March 31, 2025, while Wipro IT Services, LLC posted a turnover of USD 107,465,638.48 for the same period. Cardinal US Holdings, Inc. engages in providing IT services, consulting, business process services, and IT products globally, while Wipro IT Services, LLC focuses on software development services.
The transactions did not involve any related party transactions and resulted in no changes to the shareholding pattern of Wipro Limited.
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