According to reports, Wipro launched financial services advisory capability in India. Capco, its subsidiary, will supplement Wipro’s presence in the Indian financial services sector to jointly offer end-to-end transformation services for the sector.

In partnership with Wipro, Capco will offer strategic advisory and consulting capabilities to Indian financial services firms that are on their digitization journey. Towards this, Capco will leverage Wipro’s India presence, relationships, scale, and proven expertise in providing a comprehensive suite of digital transformation services.

According to the company, the value of the Indian consulting market is estimated to be $8.6 billion, of which financial services accounts for an estimated $2.95 billion.

Capco a global management and technology consultancy was acquired by Wipro for $1.45 billion in March 2021. Capco provides digital, consulting and technology services to financial institutions.

Wipro Ltd is up for a third straight session today. The stock is quoting at Rs 390.95, up 1.14 percent on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63 percent on the day, quoting at 18124.9. The Sensex is at 61081.63, up 0.55 percent. Wipro Ltd has slipped around 0.9 percent in last one month.

Meanwhile, Nifty FMCG index Wipro Ltd is a constituent, has slipped around 9.13 percent in last one month and is currently quoting at 28727.6, up 1.54 percent on the day. The volume in the stock stood at 29.48 lakh shares today, compared to the daily average of 82.05 lakh shares in last one month.

Anis Chenchah, CEO of Asia Pacific, Middle East, and Africa, Wipro says, “Capco’s financial services consulting expertise in India aims to accelerate our clients’ end-to-end transformation journeys. I am confident that the joint forces of Wipro and Capco will play an important role in the industry’s next phase of innovation. It enriches our full spectrum of capabilities, ensuring we are well positioned to help our clients realize their growth ambitions.”