Wipro’s Big Bold Move, Isn’t It Too Early? Prabhudas Lilladher
Employees walk in the forecourt of a Wipro building at the Wipro Ltd. campus located in the Sarjapura area of Bangalore, India. (Photographer: Vivek Prakash/Bloomberg)

Wipro’s Big Bold Move, Isn’t It Too Early? Prabhudas Lilladher

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Prabhudas Lilladher Report

Wipro Ltd. announced acquisition of Capco, a global management and technology consulting firm in banking financial services and insurance industry for $1.45 billion, valued at two times enterprise value/sales.

The transaction is likely to close by Q1 FY22.

The company paid approximately 70-75% higher versus the previous transaction (FIS Global sold down 60% stake in Capco to a private equity guy in 2017 valuing the firm at $800 million), we believe this might be on account of margins improving in Capco.

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Prabhudas Lilladher Wipro Company Update.pdf


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