Item 2

FOR IMMEDIATE RELEASE

Results for the quarter ended September 30, 2009 under Consolidated Indian GAAP

Wipro Records 19% YoY and 14% Sequential Growth in Profit After Tax;

Bangalore, October 27, 2009 —Wipro Limited today announced its audited results approved by the Board of Directors for the quarter ended September 30, 2009.

Highlights of the Results

• Wipro Limited Revenue grew by 6% YoY to Rs. 69.17 billion (Rs. 6,917 Crores); Profit After Tax (PAT) grew by 19% YoY to Rs. 11.62 billion (Rs. 1,162 Crores).

• IT Services Revenue at $1,065.2 million, a sequential growth of 3.2% and YoY decline of 4%.

• IT Services Revenue in constant currency was $1,052.5 million, a sequential growth of 1.9%. On a constant currency basis, YoY decline was 1.6%.

• In Rupee terms, Revenue for IT Services stood at Rs. 49.96 billion (Rs. 4,996 Crores), a YoY growth of 5% and sequential growth of 3.5%.

• Profit Before Interest & Tax (PBIT) for IT Services segment was Rs. 11.87 billion (Rs. 1,187 Crores), a growth of 19% YoY.

• IT Services business added 37 new clients during the quarter.

• IT Products business recorded 18% YoY growth in Revenues and 39% YoY growth in PBIT.

• Wipro Consumer Care and Lighting business Revenue grew 11% YoY and PBIT grew 13% YoY.

Performance for the quarter ended September 30, 2009 and Outlook for quarter ending December 31, 2009

Azim Premji Chairman of Wipro, commenting on the results said —

“We see more stability in volumes and pricing as well as an improving demand environment. Our broad portfolio of services and strong delivery excellence continues to position us as a partner of choice with customers, as they focus on capital conservation and cost transformation. Looking ahead for the quarter ending December 31, 2009, we expect revenues from our IT Services business to be in the range of $1,092 million to $1,113 million*”

Suresh Senapaty, Executive Director & Chief Financial Officer of Wipro, said —

“Our unwavering commitment to operational improvements continues to pay dividend, resulting in double-digit sequential growth in Profit After Tax. Margins for the IT Services business stood at 23.8%, an expansion of 143 bps sequentially and 279 bps YoY.”

* Guidance is based on constant currency exchange rates, GBP/USD at 1.64, Euro/USD at 1.44, USD/INR at 48.33

Wipro Limited

Revenues for the quarter ended September 30, 2009, were Rs. 69.17 billion, a growth of 6% YoY. PAT for the quarter was Rs. 11.62 billion, a growth of 19% YoY.

IT Services

IT Services business reported Revenues of Rs. 49.96 billion for the quarter ended September 30, 2009, a growth of 5% YoY and PBIT of Rs. 11.87 billion, a growth of 19% YoY. Operating Income to Revenue for the quarter was 23.8%.

We had 97,891 employees as of September 30, 2009.

IT Services business accounted for 72% of the Revenue and 91% of the PBIT for the quarter ended September 30, 2009.

Wipro’s IT business had some significant wins this quarter:

Wipro has entered into a multi-year agreement with a leading global pharmaceutical company. Wipro will provide end-to-end infrastructure management (IM) including end-user computing services, networks and security services, data center services, asset management and service desk support. The provision of global support will span across North America, Latin America, East and West Europe and Asia covering 38 countries and 110 locations.

Wipro has entered into a multi-year contract with an iconic beverage company based in Australia for managing, supporting and provisioning the customer’s IT infrastructure, data centers, providing Disaster Recovery Services and support of different business applications across Australia, US and Europe. Wipro will use its delivery centers across the globe for rendering these services.

Wipro Technologies has entered into a 5 year agreement with BP to provide IT Applications Development and Maintenance (ADAM) services for BP’s Fuels Value Chain and Corporate businesses globally. BP has undertaken a programme to consolidate its IT ADAM vendors and Wipro has been selected as a strategic partner after a rigorous selection procedure which assessed the IT major on its IT capabilities, domain knowledge of the Oil and Gas sector and proven past record of operational transformation for customers.

Wipro will take over the global responsibility for providing Nokia Siemens Networks with application management services for SAP, delivery, marketing and sales, and product data management applications. In addition, over 50 employees are planned to transfer to Wipro.

The India & Middle East geography saw some marquee wins and multi-year deals being signed in this quarter. Wipro and Lavasa entered into a partnership for planning, implementing and managing Information & Communication Technology services across Lavasa city. The strategic partnership is intended to focus on providing integrated and effective solutions for enhancing IT operations within the Hill city.

Wipro entered into a 10 year Total Outsourcing agreement with Delhi International Airport Limited (DIAL) to provide world class IT Infrastructure and Services for Indira Gandhi International Airport (IGIA), New Delhi. The total outsourcing engagement will deliver business IT alignment for DIAL by combining leading airport solutions with Wipro’s strong practices of governance, process excellence and integrated service delivery. Wipro is responsible for complete IT management in Terminal 3 of IGIA and will deliver seamless and highly available Airport IT operations.

Analyst References

Wipro was rated ‘Positive’ in the Market Scope for SOA Consulting and System Integration services, North America in the recently published report by Gartner Inc. (July 31, 2009). This Market Scope assessed 13 consulting and system integration service providers on their service-oriented architecture capabilities in North America. Evaluation criteria include customer experience, market understanding, product/services, market presence and innovation.

Awards and Recognition

Wipro was a winner in the 2009 ASTD (American Society of Training and Development) BEST Awards Competition. Wipro has the unique distinction of having won this award for a sixth year in succession. For this achievement, Wipro has been honoured with an exclusive recognition in a logo which says “ASTD Best Award Winner, 2004-2009”

Wipro figured in the joint second position in the list of Top 5 Green Electronics Brand as per the latest edition of the Greenpeace Guide to Greener Electronics, because of our strong focus on e-waste management and climate control.

Wipro’s website was awarded the WebAward “For Outstanding Achievement in Web Development” under the category — Consulting Standard of Excellence by Web Marketing Association.

Wipro won the 2009 Asian MAKE awards. The panel recognized Wipro Technologies for enterprise knowledge sharing and collaboration. Wipro Technologies is a seven-time Asian MAKE Winner.

Reinforcing its position as the largest third party R&D services provider in the world, Wipro was named the No.1 service provider in a comprehensive ranking titled “Global R&D Service Providers’ Rating”, by Zinnov Management Consulting Pvt. Ltd, a leading management consulting firm.

Wipro was also rated for the first time by Standard & Poor’s Rating Services. S&P has assigned Wipro an investment grade rating of “BBB” with a stable outlook, which is higher than India’s sovereign rating. This rating was announced by S&P in a press release dated Oct 26, 2009. S&P on assigning the rating cited Wipro’s modest financial risk profile, superior cost efficiency, and business and customer diversity in its IT business as its key strengths.

Innovation

Taking its innovation agenda forward, Wipro partnered with Knowledge@Wharton to launch a Global Innovation Tournament. The objective of this unique tournament is to select the best and the most innovative technology-based tools that have the ability to help companies gain a competitive advantage by increasing revenues, cutting costs and improving customer experience.

IT Products

For the quarter ended September 30, 2009, IT Products business recorded Revenues of Rs. 11.83 billion, representing a growth of 18% YoY. PBIT grew by 39% YoY to Rs. 597 million. Operating Income to Revenue for the quarter was 5.0%.

IT Products business accounted for 17% of the Revenue and 5% of the PBIT for the quarter ended September 30, 2009.

Consumer Care & Lighting

For the quarter ended September 30, 2009, our Consumer Care and Lighting business recorded Revenues of Rs. 5.87 billion, a growth of 11% YoY and PBIT of Rs. 725 million, a growth of 13% YoY. PBIT to Revenue was 12.4% for the quarter.

Consumer Care & Lighting business accounted for 8% of the Revenue and 6% of the PBIT for the quarter ended September 30, 2009.

Wipro GE HealthCare

Wipro GE Healthcare, the joint venture between Wipro Ltd. and GE Healthcare, integrated several existing stand-alone business units and manufacturing plants of GE Healthcare in India under the Wipro GE Healthcare entity. This strategic move will lead to more effective management and resource utilization and help accelerate growth for GE Healthcare, the US$17 billion healthcare business of General Electric Company through Wipro GE Healthcare’s large distribution network. With the growing demand for health care in India and South Asia, this move will define the next stage of market leadership for the entity.

Wipro Limited

For the quarter ended September 30, 2009, the Return on Capital Employed in IT Services and Products business was 46% and Consumer Care & Lighting business was 16%. At the Company level, the Return on Capital Employed was 26%, lower due to inclusion of cash and cash equivalents of Rs. 73.8 billion in Capital Employed (36% of Capital Employed).

For Wipro Limited, Profit after Tax computed in accordance with IFRS for the quarter ended September 30, 2009 was Rs. 11.7 billion. The net difference between Profits computed in accordance with Indian GAAP and IFRS is primarily due to different Revenue recognition standards, amortization of intangible assets, and expensing of stock options.

For Wipro Limited, Non-GAAP adjusted Profit after Tax under IFRS for the quarter ended September 30, 2009 was Rs. 11.6 billion. The net difference between Profits computed in accordance with Indian GAAP and IFRS Non-GAAP adjusted is primarily due to different Revenue recognition standards and amortization of intangible assets.

IT Services segment’s Revenues were Rs. 49.98 billion for the quarter ended September 30, 2009, under IFRS. The difference of Rs. 24 million is primarily attributable to difference in accounting standards under Indian GAAP and IFRS.

Quarterly Conference call

We will hold conference calls today at 02:00 p.m. Indian Standard Time (04:30 a.m. US Eastern Time) and at 6:45 p.m. Indian Standard Time (9:15 a.m. US Eastern Time) to discuss our performance for the quarter and answer questions sent to email ID: rajendra.shreemal@wipro.com. An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com.

About Wipro Limited

Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro’s IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers.

Wipro also has a strong presence in niche market segments of Infrastructure Engineering, and Consumer Products & Lighting.

Wipro’s ADS are listed on the New York Stock Exchange, and our equity shares are listed in India on the Stock Exchange — Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.in

IFRS GAAP financials on website

Condensed financial statements of Wipro Limited computed under the IFRS GAAP along with individual business segment reports are available in the Investor Relations section at www.wipro.com.

Contact for Investor Relations	Contact for Media & Press
Rajendra Kumar Shreemal	Radha Radhakrishnan
Vice President	Senior Manager
Phone: +91-80-2844-0079	+91-80-2844-0378
Fax:      +91-80-2844-0051	+91-80-2844-0350
rajendra.shreemal@wipro.com	radha.rk@wipro.com

Forward-Looking and Cautionary Statements

In addition to historical information, this press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are, by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions.

Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

# Tables to follow

WIPRO LIMITED, CONSOLIDATED
AUDITED SEGMENT REPORT FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2009

Rs. in Million

																			Year ended
	Quarter ended September 30,									Six months ended September 30,									March 31,
							Variance									Variance
Particulars	2009			2008			(%)			2009			2008			(%)			2009
Revenues
IT Services		49,957			47,500			5	%		98,205			91,545			7	%		191,661
IT Products		11,834			10,023			18	%		19,436			17,486			11	%		34,552
Consumer Care and Lighting		5,866			5,269			11	%		11,329			10,396			9	%		20,830
Others		1,584			2,470						3,062			5,756						9,144
Eliminations		(69	)		(189	)					(121	)		(443	)					(745	)
TOTAL		69,172			65,073			6	%		131,911			124,740			6	%		255,442
Profit before interest and tax — PBIT
IT Services		11,871			9,959			19	%		22,647			19,144			18	%		40,323
IT Products		597			429			39	%		912			677			35	%		1,481
Consumer Care and Lighting		725			643			13	%		1,512			1,252			21	%		2,548
Others		(166	)		25						(449	)		206						(348	)
TOTAL		13,027			11,056			18	%		24,622			21,279			16	%		44,004
Interest and Other Income, Net		612			301						1,000			585						1,192
Profit before tax		13,639			11,357			20	%		25,622			21,864			17	%		45,196
Income Tax expense including Fringe Benefit Tax		(2,085	)		(1,659	)					(3,948	)		(3,185	)					(6,460	)
Profit before share in earnings of associates and minority interest		11,554			9,698			19	%		21,674			18,679			16	%		38,736
Share in earnings of associates		121			106						206			213						362
Minority interest		(58	)		(22	)					(107	)		(34	)					(99	)
PROFIT AFTER TAX		11,617			9,782			19	%		21,773			18,858			15	%		38,999
Operating Margin
IT Services		23.8	%		21.0	%					23.1	%		20.9	%					21.0	%
IT Products		5.0	%		4.3	%					4.7	%		3.9	%					4.3	%
Consumer Care and Lighting		12.4	%		12.2	%					13.3	%		12.0	%					12.2	%
TOTAL		18.8	%		17.0	%					18.7	%		17.1	%					17.2	%
CAPITAL EMPLOYED AS AT PERIOD END
IT Services and Products		109,643			94,830						109,643			94,830						115,686
Consumer Care and Lighting		17,727			18,942						17,727			18,942						18,689
Others		80,190			66,457						80,190			66,457						59,053
TOTAL		207,560			180,229						207,560			180,229						193,428
CAPITAL EMPLOYED COMPOSITION AS AT PERIOD END
IT Services and Products		53	%		53	%					53	%		53	%					60	%
Consumer Care and Lighting		8	%		11	%					8	%		11	%					10	%
Others		39	%		36	%					39	%		36	%					30	%
TOTAL		100	%		100	%					100	%		100	%					100	%
RETURN ON AVERAGE CAPITAL EMPLOYED DURING THE PERIOD
IT Services and Products		46	%		45	%					42	%		42	%					40	%
Consumer Care and Lighting		16	%		14	%					17	%		14	%					14	%
TOTAL		26	%		25	%					25	%		25	%					25	%

Notes to Segment Report

a)	The segment report of Wipro Limited and its consolidated subsidiaries and associates has been prepared in accordance with the AS 17 “Segment Reporting” issued pursuant to the Companies (Accounting Standard) Rules, 2006 and by The Institute of Chartered Accountants of India.
b)	In certain total outsourcing contracts of IT services segment, the company delivers hardware, software and other related deliverables. Revenue relating to these items arereported in the IT products segment.
c)	Segment revenue includes the following exchange differences, which are reflected under other income in the financial statements.

(Rs in Million)

	Quarter ended						Six months ended						Year ended
	September 30,						September 30,						March 31,
Particulars	2009			2008			2009			2008			2009
IT Services		133			(147	)		(1,149	)		(818	)		(1,308	)
IT Products		(8	)		(122	)		(124	)		(134	)		(229	)
Consumer Care & Lighting		4			1			(5	)		(7	)		(54	)
Others		111			(13	)		112			(19	)		38
		240			(281	)		(1,166	)		(978	)		(1,553	)

d) Segment wise depreciation is as follows:

(Rs in Million)

	Quarter ended				Six months ended				Year ended
	September 30,				September 30,				March 31,
Particulars	2009		2008		2009		2008		2009
IT Services		1,790		1,444		3,351		2,807		6,067
IT Products		44		46		90		89		88
Consumer Care & Lighting		117		96		239		192		420
Others		65		75		134		151		289
		2,016		1,661		3,814		3,239		6,864

e)	Segment PBIT includes Rs 231 Million and Rs. 384 Million (quarter and six months ended September 30, 2008: Rs 124 Million and Rs. 266 Million respectively, March 31, 2009: Rs 581 million) for the quarter and six months ended September 30, 2009, respectively of certain operating other income which is reflected in other income in the Financial Statements.
f)	Capital employed of segments is net of current liabilities. The net current liability of segments is as follows:

(Rs in Million)

	As of				Year ended
	September 30,				March 31,
Particulars	2009		2008		2009
IT Services and Products		51,793		56,227		58,918
Consumer Care & Lighting		4,777		4,015		4,026
Others		18,412		17,422		22,494
		74,982		77,664		85,438

g) The Company has four geographic segments: India, USA, Europe and Rest of the World. Significant portion of the segment assets are in India. Revenue from geographic segments based on domicile of the customers is outlined below:

(Rs in Million)

	Quarter ended								Six months ended								As of
	September 30,								September 30,								March 31,
Particulars	2009		%		2008		%		2009		%		2008		%		2009		%
India		17,023		25		15,354		24		29,943		23		27,912		23		54,608		21
United States of America		30,175		44		28,112		43		59,311		45		54,300		44		115,105		45
Europe		13,765		20		14,638		22		27,035		20		29,111		23		57,109		22
Rest of the world		8,209		11		6,969		11		15,622		12		13,417		10		28,620		12
		69,172		100		65,073		100		131,911		100		124,740		100		255,442		100

h)

The Company offers extended collection terms in certain large total outsourcing contracts. The extended collection terms in such outsourcing contracts relate to IT hardware, software and certain transformation services. Corporate Treasury provides internal financing to the business units offering extended collection terms and accordingly such receivables are reflected in Capital Employed of Others segment. As of September 30, 2009, Capital Employed of Others includes Rs. 5,323 million (September 30, 2008: Rs. 2,273 million, March 31, 2009: Rs. 4,311 million) of such receivables on extended collection terms.

i)

For the purpose of reporting, business segments are considered as primary segments and geographic segments are considered as secondary segments.