Latest news with #WiproTechnologies
Economic Times
3 days ago
- Automotive
- Economic Times
Wipro and Warburg amplify talks for Harman India arm
Mumbai: Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-headquartered audio and connected technologies firm Harman in India, said people privy to the discussions. The deal is expected to value the business at about $500 million (Rs 4,375 crore), they told ET on condition of anonymity. Deutsche Bank is advising Harman, a wholly owned subsidiary of South Korean conglomerate Samsung Electronics, on the proposed transaction. A Warburg Pincus spokesperson declined to comment, while queries emailed to Harman and Wipro Technologies did not elicit a response till press time. Harman—known for audio brands JBL, Harman Kardon and Infinity—designs and engineers connected products and solutions for automakers and consumers worldwide. Offerings include connected car systems, audio-visual products and enterprise automation solutions. The company began operations in India in 2008 and currently employs more than 9,000 people across eight cities. It has been working with Bengaluru-based Wipro Technologies through a strategic engineering collaboration since the year it entered the country, including the Harman India Development Centre at Wipro's facilities in Bengaluru and Chennai. Samsung Electronics acquired Harman International Industries in 2017 for about $8 billion. While the automotive segment remains Harman's primary revenue driver, the company's DTS unit in India has a strong presence across healthcare, communications and industrial applications. It supports life sciences and medtech companies in accelerating clinical trials, modernising platforms and ensuring regulatory compliance, and helps industrial and consumer businesses with real-time factory insights, connected ecosystems and enterprise systems. Wipro Technologies has been on an acquisition spree over the past few years. In 2024, it took over Aggne Global, a US-based insurance tech firm, to strengthen its presence in the insurance sector. It also bought out US-based IT consulting firm Applied Value Technologies to enhance its enterprise application development and support services. Besides, it purchased a 27% stake in SDVerse, an automotive software marketplace, last year. In 2022, Wipro Technologies acquired Rizing Intermediate Holdings, Inc. for $540 million to bolster its SAP consulting capabilities. Its largest acquisition was Capco, a global management and technology consultancy, for $1.45 billion in 2021. Warburg Pincus has been an active investor in digital solutions and outsourcing. It previously owned Encora, a digital engineering services provider for outsourced software product development, which it sold to Advent International in 2021. In India, the New York-headquartered private equity firm backs Perfios, a business-to-business software-as-a-service provider for the banking, financial services and insurance sector, operating in 18 countries.
Time of India
3 days ago
- Automotive
- Time of India
Wipro and Warburg amplify talks for Harman India arm
Mumbai: Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-headquartered audio and connected technologies firm Harman in India, said people privy to the discussions. The deal is expected to value the business at about $500 million (Rs 4,375 crore), they told ET on condition of anonymity. Deutsche Bank is advising Harman, a wholly owned subsidiary of South Korean conglomerate Samsung Electronics , on the proposed transaction. A Warburg Pincus spokesperson declined to comment, while queries emailed to Harman and Wipro Technologies did not elicit a response till press time. Harman—known for audio brands JBL, Harman Kardon and Infinity—designs and engineers connected products and solutions for automakers and consumers worldwide. Offerings include connected car systems, audio-visual products and enterprise automation solutions . The company began operations in India in 2008 and currently employs more than 9,000 people across eight cities. It has been working with Bengaluru-based Wipro Technologies through a strategic engineering collaboration since the year it entered the country, including the Harman India Development Centre at Wipro's facilities in Bengaluru and Chennai. Samsung Electronics acquired Harman International Industries in 2017 for about $8 billion. While the automotive segment remains Harman's primary revenue driver, the company's DTS unit in India has a strong presence across healthcare, communications and industrial applications. It supports life sciences and medtech companies in accelerating clinical trials, modernising platforms and ensuring regulatory compliance, and helps industrial and consumer businesses with real-time factory insights, connected ecosystems and enterprise systems. Wipro Technologies has been on an acquisition spree over the past few years. In 2024, it took over Aggne Global, a US-based insurance tech firm, to strengthen its presence in the insurance sector. It also bought out US-based IT consulting firm Applied Value Technologies to enhance its enterprise application development and support services. Besides, it purchased a 27% stake in SDVerse, an automotive software marketplace, last year. In 2022, Wipro Technologies acquired Rizing Intermediate Holdings, Inc. for $540 million to bolster its SAP consulting capabilities. Its largest acquisition was Capco, a global management and technology consultancy, for $1.45 billion in 2021. Warburg Pincus has been an active investor in digital solutions and outsourcing. It previously owned Encora, a digital engineering services provider for outsourced software product development, which it sold to Advent International in 2021. In India, the New York-headquartered private equity firm backs Perfios, a business-to-business software-as-a-service provider for the banking, financial services and insurance sector, operating in 18 countries.
Time of India
20-06-2025
- Business
- Time of India
CitiusTech appoints Navneet Khandelwal group chief financial officer
CitiusTech , a healthcare technology and services provider, has appointed Navneet Khandelwal its Group Chief Financial Officer (CFO), the company said in a statement on Friday. A finance executive with nearly 25 years of experience in the IT services industry , Khandelwal will lead the company's global finance, legal, and compliance functions. Khandelwal brings deep expertise in financial management , controllership, accounting, business process transformation , mergers & acquisitions, acquisition integration, and investor relations. He began his career at Wipro Technologies, where he spent over 16 years in leadership roles spanning audit, controllership, and business finance—culminating in his position as vice president – finance. Post that, he has held CFO roles across both listed and unlisted companies, including ITC Infotech, Microland, and Zensar Technologies . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Throughout his career, Khandelwal has been recognised for driving strategic growth, operational excellence, and building high-performing teams Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Associated Press
11-06-2025
- Business
- Associated Press
Neuralbase Appoints Tushar Shivekar as Chief Technology Officer
LAS VEGAS, NV - June 11, 2025 ( NEWMEDIAWIRE ) - NEURALBASE AI LTD. (OTC: NBBI), operating under its enterprise brand BMP AI and a growing innovator in enterprise artificial intelligence solutions, today announced the appointment of Tushar Shivekar as Chief Technology Officer. Bringing over 14 years of expertise in software quality engineering, automation testing, and cybersecurity, Mr. Shivekar adds deep technical leadership to the company's rapidly expanding BMP AI platform for regulated industries. His career includes pivotal roles at global technology leaders Wipro Technologies and Mindtree, where he led large-scale enterprise quality assurance initiatives for Fortune 500 clients. At Wipro Technologies, Mr. Shivekar supported broadband infrastructure quality engineering for major telecommunications providers. During his tenure at Mindtree, he led testing initiatives for anti-phishing, cybersecurity, and enterprise compliance platforms, serving top-tier financial institutions and global e-commerce clients. Mr. Shivekar's technical expertise spans a wide range of enterprise testing and automation tools, including Playwright, Selenium, Appium, Perfecto, Docker, REST API frameworks, as well as security testing platforms such as Burp Suite and Veracode. His combination of automation and cybersecurity knowledge directly aligns with BMP AI's mission of delivering trusted, compliant AI solutions for healthcare, financial services, legal, and enterprise clients. Most recently, Mr. Shivekar held senior leadership roles at 7 Street Technologies and Jaaee Technologies, where he architected scalable test automation frameworks for web, mobile, and enterprise platforms, while mentoring cross-functional engineering teams and driving strategic technical initiatives. 'Tushar's rare blend of technical mastery and enterprise business acumen is exactly what the company needs as we continue scaling our BMP AI platform across regulated industries,' said Vighnesh Dabole, CEO of Neuralbase AI Ltd. 'His track record in delivering secure, high-quality, and scalable enterprise systems will be instrumental as we enter our next phase of product innovation and market expansion.' As Chief Technology Officer, Mr. Shivekar will lead the development of the company's advanced enterprise AI infrastructure, overseeing engineering, security, and platform architecture, while driving continued innovation in our document-grounded, compliance-first AI solutions. 'Joining Neuralbase AI represents an exciting opportunity to bring together my experience in automation, quality engineering, and cybersecurity to advance trusted enterprise AI,' said Tushar Shivekar. 'Together, we will deliver AI solutions that are not only intelligent, but also secure, explainable, and aligned with the complex compliance needs of our enterprise customers.' Additional information about the Company is available at or by visiting About NEURALBASE AI Neuralbase AI Ltd. (OTC: NBBI) is an AI company developing secure, scalable, and context-aware conversational agents and workflow automation systems. Through its BMP AI platform - now in beta testing - the company enables organizations to streamline internal operations, enhance team collaboration, and increase productivity while maintaining strict compliance and data integrity. Legal Disclaimer and Forward-Looking Statements This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, projections, and assumptions made by Neuralbase AI Ltd. (the 'Company' or 'NBBI') in light of experience, current conditions, anticipated future developments, and other factors. Forward-looking statements may include words such as 'aims,' 'anticipates,' 'believes,' 'plans,' 'expects,' 'intends,' 'will,' 'may,' 'could,' 'should,' and similar expressions. These statements relate to, among other things, the expected performance and capabilities of the BMP AI platform; the Company's ability to successfully complete product development, enter commercial deployment, or scale its technology; future revenues and market expansion; and general strategic direction. All such statements are inherently uncertain and involve a number of risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statement. Neuralbase AI Ltd. is a fully reporting company with the U.S. Securities and Exchange Commission (SEC) and files annual and quarterly reports, current reports, and other required disclosures. All public filings and disclosures may be reviewed at the SEC's EDGAR database at The Company trades on the OTC Markets under the ticker symbol NBBI. This press release is not, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities of Neuralbase AI Ltd. in the United States or in any other jurisdiction. Offers and sales of securities, if any, will be made only pursuant to an effective registration statement or valid exemption under the U.S. Securities Act of 1933, as amended. Investing in securities traded on the OTC Markets involves significant risk, including potential loss of principal, low liquidity, high volatility, and limited publicly available information. Shares traded on the OTC Markets may be more susceptible to market manipulation or price swings. Investors are strongly advised to conduct their own due diligence, consult a qualified investment advisor, and carefully review all SEC filings prior to making any investment decision. Media Contact: Vighnesh Dobale Chief Executive Officer [email protected] (727) 314-3717 View the original release on
