Bangalore, Friday, Jul 25, 2008: Wipro Infotech, a leading provider IT business services, has bagged a multi-crore contract from the Mumbai- based Lodha Group to initiate a long-term IT transformation project for the Mumbai-based real estate player.

The ten-year contract is valued at Rs 1.32 billion and would assist the Lodha Group in its focus on developing offices, campuses, SEZs and townships as part of efforts to consolidate its premier position in the real estate market.

The deal is part of the Lodha Group's efforts to leverage IT to keep pace with market growth and become more customer focussed in delivery. Wipro Infotech would bring in global standards of efficiencies and best practices to the group's IT functions.

Anand Sankaran, chief executive of Wipro Infotech said, "To keep pace with the remarkable growth that the real estate sector in India is seeing, an organization needs to be agile and innovative and IT has been proven to be a key enabler in achieving this."

The company is pleased to partner with the Lodha Group. With our commitment to deliver value at every point in the ten year deal cycle, we at Wipro are confident that this partnership will benefit Lodha Group immensely and help the company achieve a formidable leadership position, he added.

The deal will ensure flexibility to respond faster to business scenario changes making IT a true business enabler for the real estate group, the Lodha group said in a press release.

Abhisheck Lodha, director, Lodha Group said, "We are happy to announce that Wipro Infotech which is the country`s foremost IT service provider has been finalized as our preferred technology partner. The company has been on an aggressive growth path and we are excited about this partnership which will transform all our technology systems and processes to keep pace with our growth."

"Wipro`s unwavering commitment has been a major criterion for us to have partnered with them. This significant partnership will strengthen our approach of being a more customer focused organization," the release said quoting Lodha.