| | MARCH 20258Wipro's shares will be in focus on Thursday following the company's announcement of a USD 200 million (approximately Rs 1,740 crore) investment into its subsidiary, Wipro Ventures, to enhance funding for startups in the technology innovation sector. This marks the fourth funding round for Wipro Ventures since its establishment a decade ago, to accelerate investments in early to mid-stage startups, as stated by the company.Wipro CEO and MD, Srini Pallia, said, "This latest investment underscores our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem where these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders "Founded in 2015, Wipro Ventures focuses on identifying and investing in promising early-stage startups driving technological innovation. The Wipro Ventures team connects Wipro and its clients with a global network of startups developing disruptive technologies, enabling Wipro's clients to access cutting-edge innovations while offering startups a wide network of enterprise customers.Over the past decade, Wipro Ventures has invested in 37 startups across sectors such as artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure, deploying solutions to over 250 Wipro clients worldwide. The firm has also achieved 12 successful exits.Wipro's share price rose 9.33 percent in the past year, outperforming its sector by 4.89percent. Additionally, the company has delivered a 142.85percent return to its investors over the last five years. Anjani Kumar Kommisetti has been appointed as the Head of Business at Rhine XCircle, a 50:50 joint venture between Group Rhine and XCircle Australia. With over 20 years of experience in enterprise IT, specializing in data center operations, remote infrastructure management, and strategic market development, Anjani will drive the company's growth and innovation in this vital sector.Before joining Rhine XCircle, Anjani spent 15 years at Raritan, a Legrand brand, where he played a key role in establishing the company as a leader in power management and remote monitoring. He was also instrumental in creating Legrand Data Center Solutions (LDCS), a standalone business unit offering comprehensive data center infrastructure solutions. Anjani's customer-centric approach, combined with his technical expertise, will be pivotal in advancing Rhine XCircle's success.Rhine XCircle, a 50:50 joint venture, brings together Group Rhine's expertise in power distribution and smart metering with XCircle's advanced modular critical infrastructure technologies for data centers. The partnership is focused on delivering scalable, efficient, and sustainable infrastructure solutions to meet the growing demands of the digital economy. The venture's primary focus will be on the development of modular and prefabricated critical infrastructure, as well as modular data centers designed to meet the needs of modern industries that demand flexible, scalable, and sustainable solutions.Speaking on his appointment, Anjani Kumar Kommisetti, Head of Business at Rhine XCircle, said, "I am excited to be part of Rhine XCircle, a venture that blends technological innovation with sustainability to create future-ready infrastructure solutions. With my extensive experience in data centers and remote infrastructure, I look forward to helping Rhine XCircle deliver scalable solutions for the data centers, something that has been so far missing from the Indian data center landscape. We also have plans to take our products to customers across the globe". IN FOCUSWIPRO VENTURES SECURES $200 MILLION TO ACCELERATE TECH STARTUP INVESTMENTSRHINE XCIRCLE STRENGTHENS LEADERSHIP WITH APPOINTMENT OF ANJANI KUMAR KOMMISETTIIN FOCUS
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