Wipro gains 2% on strategic partnership with Saxo Bank

1977 – The name was changed to Wipro Products Ltd from Western India Vegetable Products Ltd as the young Premji expands its business.

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26 Aug, 2025 12:21

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Wipro shares gained more than 2 percent in morning on Monday after the company signed strategic partnership with Saxo Bank.

"Saxo Bank has chosen Topcoder, a Wipro company, for the execution of digital transformation initiatives at the bank," the country's fourth largest IT company said in its filing.

Topcoder, which became a part of Wipro in November 2016, is home to a global, on-demand network of designers and technologists. It is a workforce marketplace with 1.4 million developers, designers, and data scientists around the world.

"We see tremendous potential for Topcoder to accelerate innovation for Nordic region businesses," Mike Morris, Global Head- Crowdsourcing, Wipro said.

The IT firm said this engagement would enable Saxo Bank to provide its customers unparalleled access to global financial markets, cutting-edge technologies and industry-leading expertise.

At 11:18 hours IST, the stock was quoting at Rs 340.00, up Rs 6.90, or 2.07 percent on the BSE.