Wipro completes merger of step-down subsidiary Wipro VLSI Design Services, LLC into Wipro IT Services, LLC

Wipro's step-down subsidiary Wipro VLSI Design Services, LLC has merged into step-down subsidiary Wipro IT Services, LLC, effective October 1, 2026.

Sat 3 Oct 2026

Merger effective date

October 1, 2026

Intimation received on

October 3, 2026

Turnover of merged step-down subsidiary

USD 1,043,971 (as on March 31, 2026)

Turnover of surviving step-down subsidiary

NIL (as on March 31, 2026)

Cash consideration or share exchange ratio

Not applicable

What happened

Wipro VLSI Design Services, LLC, a step-down subsidiary, has merged into Wipro IT Services, LLC, which is also a step-down subsidiary. The company says the merger is completed and is effective from October 1, 2026 (Eastern Time), and that it received intimation of this on October 3, 2026.

The two entities

• Wipro VLSI Design Services, LLC is engaged in VLSI design, verification, physical and analog design, FPGA, and product engineering services for the semiconductor and technology industries. Its turnover was USD 1,043,971 as on March 31, 2026.
• Wipro IT Services, LLC is engaged in the business of providing software development services. Its turnover was NIL as on March 31, 2026.

Why the company says it is doing this

The transaction has been undertaken with the intention to rationalise and consolidate the overall group structure.

Deal terms as stated

• The transaction does not fall within related party transactions.
• Cash consideration or share exchange ratio: not applicable.
• There is no change in the shareholding pattern of the listed entity.

How a retail investor can read this

This is a merger between two step-down subsidiaries, that is, entities that sit below the listed company in the group structure. Both are being combined rather than any stake being bought or sold by Wipro Limited itself. The update states that no cash consideration or share exchange ratio applies, and that the shareholding pattern of the listed entity does not change. The turnover figures given for both entities are as on March 31, 2026, with Wipro VLSI Design Services, LLC at USD 1,043,971 and Wipro IT Services, LLC at NIL.

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