Bangalore, India - Lodha Group, a leading Mumbai based real estate player announced that it has awarded a long term IT transformation contract to Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services. The ten year long contract is valued at Rs 132 Crores.

Lodha Group, a leading real estate developer with a land bank of over 6000 acres, is
currently developing multiple projects in and around Mumbai and fast establishing its footprint in other southern and western markets. With its focus on development of offices, campuses, SEZ's and townships the Group has embarked on an aggressive growth path to further consolidate its premier position in the dynamic real estate market. The company intends to leverage IT to keep pace with the growth and emerge as a highly customer centric organization.

Announcing this deal, Mr. 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. We have 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".

Commenting on the same Mr. Anand Sankaran, Chief Executive, 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. We are very 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."

FOR MORE INFORMATION CONTACT :

Ms. VEENA D'SOUZA
M/s. K2 Communications
Bangalore, India
E-Mail : veena.dsouza@k2communications.in