Wipro shares in focus after bagging transformative deal from US-based TruStage, ADR volatility
Published on 12/03/2026 08:50 AM
Wipro shares in focus after bagging transformative deal from US-based TruStage, ADR volatilityWipro's experience innovation arm Designit will also collaborate with the team to reimagine TruStage's tech stack and consumer delivery model.By Shloka Badkar March 12, 2026, 8:50:15 AM IST (Published)2 Min ReadShares of Wipro Ltd. are in focus on Thursday, March 12, as the company said it has inked a multi-year contract with US-based insurance and financial services provider TruStage.
The contract is to modernise TruStage's retirement services business via a technology and operations transformation programme.
The IT services firm on Wednesday said the contract will focus on transforming the operations and technology stack of TruStage's core retirement services business to improve operational efficiency, enhance customer experience and support future business growth.
Wipro will implement an integrated transformation programme that will span across business processes, technology infrastructure management and IT services. It will also set up a global operating model to manage the broader vendor ecosystem.
Wipro's CEO and managing director Srini Pallia said customer expectations in financial services are changing and there is a growing demand for simpler and more digital-first experiences. Wipro's consulting-led approach will enable TruStage to modernize its retirement services operations while it builds a foundation for long-term growth, Pallia added.
The consulting division of Wipro will lead the programme. The company said the initiative will leverage its unified suite of AI-powered platforms and solutions, Wipro Intelligence, along with the firm's domain expertise in wealth management and retirement services.
Wipro's experience innovation arm Designit will also collaborate with the team to reimagine TruStage's tech stack and consumer delivery model.
Wipro shares ended the previous session 0.4% up at ₹201.8 apiece. The stock has declined 24.5% this year, so far. The stock is also in the news for the volatile moves seen in its US-listed shares or ADRs. After a 10% jump on Tuesday, the stock on Wall Street was down over 7% last night.
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