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Wipro bags $650 mn deal from Phoenix Group
Mint Mumbai
|March 27, 2025
Wipro Ltd bagged a 10-year contract with UK-based insurance company Phoenix Group, valued at $650 million, making it the second deal of at least $500 million in less than a year for India's fourth largest information technology (IT) services company.
Wipro is expected to get $65 million in revenue from the company annually. The company would be handling Phoenix's policy administration, claims processing, customer support, data management and compliance support, Wipro said on Wednesday.
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