IT major Wipro today said that it would scale up the size of its acquisitions from the current $25-50 million to $50-100 million.
Commenting on the acquisitions being made by IT companies, Mr Azim Premji, Chairman, Wipro, said the firm had acquired six companies in last nine months in a bid to expand its presence in Europe. He, however, said that Indian IT companies still have a long way to go before they can acquire companies beyond $100 million.
Big league
Addressing the India Economic Summit here, Mr Premji said that in the next few years, Indian IT companies such as Infosys , TCS , Wipro would be at par with some of the leading global companies in terms of market capitalisation.
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Commenting on the acquisitions being made by IT companies, Mr Azim Premji, Chairman, Wipro, said the firm had acquired six companies in last nine months in a bid to expand its presence in Europe. He, however, said that Indian IT companies still have a long way to go before they can acquire companies beyond $100 million. 
