Wipro wins the largest contract ever worth more than $ 1.5 billion from Alight Solutions



Wipro, an information technology company (IT), has won its largest contract so far from Alight Solutions LLC, a US-based human resource company (HR) and financial solutions. The deal will generate approximately $ 1.6 billion in revenues in 10 years. The contract follows the strategic alliance of the two companies announced in July. As part of this, Wipro announced that it would invest $ 117 million in Alight and acquire its captive India unit. Wipro was given the mandate to digitally transform the company headquartered in Illinois as part of this strategic agreement. Alight Solutions, formerly the technology outsourcing activity of HR and management consulting firm Aon Hewitt, was acquired in 2017 by private equity major Blackstone and was renamed an independent company. "This deal will result in sales of $ 1.5-1.6 billion for Wipro over the tenure, which is Wipro's biggest win to date," the company said in a statement. According to the deal, Wipro will promote the digital transformation of Alight's offers in the areas of health, welfare, HR and finance solutions. The winning of this deal has helped Wipro to join its larger peer Tata Consultancy Services (TCS), which has won three multi-year deals since December last year with a combined value of more than $ 5 billion. This also came as a shot in the arm of the chief executive officer of the Bengali headquarters, Abidali Neemuchwala, who is trying to close the gaps with his larger colleagues since he took over in February 2016. "We are delighted to be chosen by Alight as their long-term strategic partner in their business transformation, a testimony to the opportunities we have built up through our strategic investments in Wipro Digital, cloud platforms and the Wipro HOLMES cognitive platform," said Neemuchwala in a statement. In a separate application for exchanges, Wipro said that its proposal to purchase Alight HR Services India on 31 August had been completed. Alight has about 9,000 employees in India with centers in Gurugram, Noida, Mumbai and Chennai.

It reported a turnover of Rs 11.32 billion in FY18.


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