Wipro Completes Merger of Two US-Based Step-Down Subsidiaries

Bengaluru, March 31, 2026: Wipro Limited, India’s leading information technology and consulting services company, has successfully completed the merger of two of its step-down subsidiaries based in the United States. The merger between Rizing Consulting USA, LLC and Rizing LLC became effective from March 31, 2026 (Eastern Time), the company informed the stock exchanges today.

The move is part of Wipro’s ongoing efforts to rationalize and consolidate its overall group structure, simplifying operations across its global footprint.

Details of the Merger

The transaction involves the merger of:

• Rizing Consulting USA, LLC (transferor entity) into

• Rizing LLC (transferee entity)

Both entities are step-down subsidiaries of Wipro Limited, meaning they are subsidiaries of intermediate holding companies within the Wipro group.

Business Overview of the Entities

Both entities operate in the consulting and software support services space:

• Rizing Consulting USA, LLC – Provides consulting and software support services. Its turnover as of March 31, 2025, stood at USD 46.72 million.

• Rizing LLC – Also engaged in consulting and software support services, with a turnover of USD 84.38 million as of March 31, 2025.

Strategic Rationale

Wipro stated that the merger was undertaken with the intention to rationalize and consolidate the overall group structure. Such consolidation moves are common among large multinational corporations seeking to reduce administrative complexity, optimize operational efficiency, and streamline legal entities across geographies.

Financial and Shareholding Impact

The company confirmed that:

• The transaction does not involve any cash consideration or share exchange ratio.

• There is no change in the shareholding pattern of Wipro Limited as a result of this merger.

• The transaction does not fall under related party transactions, as it involves wholly owned step-down subsidiaries.