Wipro actively looking at overseas acquisition

Outsourcing major Wipro is actively looking at overseas acquisitions, a top company official said here Wednesday.

"As far as acquisition is concerned, we are already active in that area and we will continue to remain active. Our focus will remain on most emerging economies - it could be Asia Pacific, Middle East or Australia," said Wipro executive director and chief financial officer Suresh Senapaty.

"It should at least be a $30-million company," Senapaty told reporters on the sidelines of a seminar organised by the Confederation of Indian Industry (CII).

Regarding the company's plans on recruitment this year, he said hiring had to match demand generation. "As and when demand comes in, we can see hiring."

Talking on the plans of the company in pursuing Rs.2,500-crore outsourcing contract from Indian Railways, Senapaty said: "Government is focus area for us."

Incidentally, Tata Consultancy Services is also eyeing the contract.

The railway ministry plans to procure a human resources management system and other modules for integrating and automating its payroll, accounting and pension functions.