Wipro ePeripherals turns into a legal entity

BANGALORE: Wipro ePeripherals Ltd., the Bangalore-based largest employee owned company in India, has been restructured as a separate legal entity from September 1,2000. The peripherals systems division of Wipro Infotech has a unique equity structure of 61 percent being owned collectively by all employees of Wipro ePeripherals, employees of Wipro Ltd, and other business associates, while 39 per cent is owned by Wipro Ltd.

Wipro Chairman Azim H Premji has termed the restructuring as a historic change for employees of both Wipro ePeripherals Ltd and Wipro Corporation. "All these years we have bred intrapreneurial talent within Wipro. It is time to showcase that internal talent to the rest of the world. Wipro ePeripherals has the right people, processes, and strategic intent to succeed in its mission. Wipro ePeripherals will have the flexibility to get into strategic tie-ups with technology companies to usher in new products and related services in Indi," Premji claimed.

According to the new venture’s Managing Director and CEO Ram Agarwal, the company will operate in the space between distribution companies and product companies like Epson, Canon, or Printronix where we can value add in terms of marketing, sales, service and/or support. "Wipro ePeripherals will exploit the Internet to the maximum possible extent to ensure that our customers get the best value from us."