Information Technology (IT) continues to change at a rapid pace. It
 also continues to be an important catalyst for economic growth. This is
 what we have seen in all our markets: through the global downturn and
 the recovery.  Underlying this phenomenon is one central unchanged
 fact, that organizations increasingly use technology to innovate, to
 build and to retain competitive advantage. IT has become embedded
 competitive advantage.
 
 We see this embedded nature of IT in transforming supply chains and
 operations, in completely new business models, in work style changes,
 for opening up new global markets for expansion and in doing all the
 mundane work dramatically better.
 
 The IT of today is the convergence of communication, of the new
 Internet, of data management, of services and of the original IT.
 This convergence continues to help in redefining commerce and in
 changing society.
 
 I feel that IT will continue to realize unforeseen potential.  As much
 as IT will continue to be at the core of competitive advantage for
 businesses, it will also be a force for giving the power of information
 and connectedness to all. This has the potential to help change the
 face of governance and outcomes in all spheres: political,
 environmental, social and commercial - leading to a more equitable and
 sustainable world.
 
 Which is why I see IT as a global force for a better tomorrow; and
 which is why I am unrelentingly optimistic about the future of IT. It
 is this optimism that made us select the theme for our Annual
 Reportthisyear—WiproforTomorrow.
 
 For this tomorrow, for this unfolding future, a key part of our
 preparation is to continually build a leaner, quicker and more focused
 Wipro. A simpler organization structure is a significant enabler of
 this. Today we have a simpler Wipro, driven by some significant
 structural changes, including the appointment of T K Kurien as the CEO
 of our IT Business.
 
 In the fiscal year of this Annual Report, we scaled a few significant
 landmarks: we crossed  billion revenues in our IT Services business
 and crossed ^50 billion in profits. However, given the market
 opportunities, I think we could have done better on growth and profits.
 The current year is a year when we are repositioning Wipro to maximize
 on emerging opportunities, on a sustainable basis and for the long
 term.
 
 Our energetic leadership, engaged team-members and robust systems will
 enable this growth in the visibly conducive business environment. The
 future is exciting; doubly so because Wipro is prepared for it. I would
 like to thank each and every one of our customers, employees,
 shareholders and partners for their continued support in building Wipro
 forthis exciting future.
 
 Azim H. Premji 
 Chairman