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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001012870-00-006282.txt : 20001225
<SEC-HEADER>0001012870-00-006282.hdr.sgml : 20001225
ACCESSION NUMBER:		0001012870-00-006282
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001222
FILED AS OF DATE:		20001222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WIPRO LTD
		CENTRAL INDEX KEY:			0001123799
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		
		SEC FILE NUMBER:	001-16139
		FILM NUMBER:		794977

	BUSINESS ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			INDIA 560035

	MAIL ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			INDIA 560035
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>FORM 6-K
<TEXT>

<PAGE>

- --------------------------------------------------------------------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

- --------------------------------------------------------------------------------

                                   FORM 6-K

                           Report of Foreign Issuer
              Pursuant to Rule 13a-16 or 15d-16 of the Securities
                             Exchange Act of 1934

                               December 22, 2000
                               (Date of Report)

                                 WIPRO LIMITED
            (Exact name of Registrant as specified in its charter)

                                Not Applicable
                (Translation of Registrant's name into English)

                               Karnataka, India
                (Jurisdiction of incorporation or organization)

                                 Doddakannelli
                                 Sarjapur Road
                      Bangalore, Karnataka 560 035, India
                                +91-80-844-0011
                   (Address of principal executive offices)

Indicate by check mark registrant files or will file annual reports under cover
Form 20-F or Form 40-F.

             Form 20-F [X]                           Form 40-F [ ]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g 3-2(b) under the Securities Exchange Act of
1934.

             Yes [ ]                                 No [X]

If "Yes" is marked, indicate below the file number assigned to registrant in
connection with Rule 12g 3-2(b).
<PAGE>

                  Not applicable.

                                 EXHIBIT INDEX

Exhibit No.                         Description of Document

- -----------                         ----------------------------

99.1                                Press Release dated December 20, 2000

                                  SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the registrant certifies that it meets all the requirements for filing on
Form 6-K and has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Dated: December 22, 2000                       WIPRO LIMITED

                                               By: /s/ Suresh C. Senapaty
                                                       ------------------
                                                       Suresh C. Senapaty
                                               Executive Vice President, Finance

                                      -2-
<PAGE>

                                 EXHIBIT INDEX

Exhibit No.                         Description of Document

- -----------                         ----------------------------

99.1                                Press Release dated December 20, 2000
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>PRESS RELEASE DATED DECEMBER 20, 2000
<TEXT>

<PAGE>

                                                                    Exhibit 99.1

Press Release

Wipro Announces Restructuring Plan for
Wipro Net

BANGALORE, India and SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 20, 2000--Wipro
Limited (NYSE: WIT - news), a leading global provider of IT services to
               ---   ----
international companies, today announced that it has acquired a 45% stake in
Internet service provider Wipro Net Limited from Dutch telecommunications
operator KPN Telecom at Rs.1,088 million (US$23.25 million).

Wipro Net Limited was a joint venture between Wipro Limited and KPN Telecom
formed to address the emerging Internet services market. Wipro Net focuses on
the business requirements of the Indian companies and under the brand name "Net
Kracker" it focuses on retail customers.

Subsequent to the acquisition of the 45% interest from KPN Telecom, it is
planned that the retail ISP portion of Wipro Net will be spun off as a separate
entity, under the name Net Kracker Limited, to facilitate funding its ongoing
growth plans. Net Kracker was voted the best ISP in India for its speed,
support, features and availability by a user poll conducted by Chip, an
Information Technology magazine. Net Kracker currently has registered users of
over 35,000 and points of presence in 14 cities, within four months of its
launch.

Wipro Limited and ICICI Venture Fund Management Company Limited have entered
into an agreement that provides for Rs.300 million of investment for 51% equity
interest in Net Kracker Limited by ICICI Venture Fund Management Company
Limited. Wipro Limited will retain the balance 49% of equity along with
convertible preference share of Rs. 54 million in Net Kracker Limited. The
enterprise value based on the investment by ICICI Venture Fund Management
Company Limited is Rs.1500 million.

Following the planned spin off of the retail ISP business, the restructured
Wipro Net Limited will focus its service offerings in addressing the corporate
B2B space. The corporate ISP services business currently has a customer base of
over 1300 and with points of presence in 22 cities. Corporate ISP services of
Wipro Net had generated cash profit of Rs.8 million in the quarter ended
September 30, 2000. Wipro Net is the first ISP in India to have been recommended
for ISO 9002 for network management, service implementation and customer
relationship management.

About Wipro Limited:

Wipro Limited is a leading India based provider of IT services globally. Wipro
provides research and development services for hardware and software design to
technology and telecommunication
<PAGE>

companies and software application development services to corporate
enterprises.

In the Indian IT Market, Wipro addresses the IT and electronic commerce
requirements of Indian companies. Wipro has also maintained a substantial
consumer goods business with a profitable presence in the Indian niche markets
of soaps, toiletries, lighting products and hydrogenated cooking oils.

In addition to its New York Stock Exchange listing, Wipro's equity shares trade
in India on the Stock Exchange -Mumbai, National Stock Exchange, the Bangalore
Stock Exchange, the Delhi Stock Exchange, the Ahmedabad Stock Exchange and the
Cochin Stock Exchange.

About ICICI Venture Fund Management Company Limited:

ICICI Venture is the pioneer of the Indian Venture Capital industry. With an
aggregate fund corpus of US$400 million, it is the largest Fund Manager. It is
also the most accomplished with a highly successful track record, and enjoys a
leadership position in knowledge sector investments, having been instrumental in
building several leaders in these industries. ICICI Venture has also been the
first to formulate and implement the cross border investment strategy, through
which investments are made in companies based outside India, but leveraging the
Indian knowledge and skill base to effectively address the global markets.

Forward looking and cautionary statements

Certain statements in this release concerning our future growth prospects are
forward looking statements which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such forward
looking statements. The risks and uncertainties relating to these statements
include, but are not limited to, risks and uncertainties regarding fluctuations
in earnings, our ability to manage growth, intense competition in IT services
affecting our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration,
our ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication networks,
counterproductive acquisitions, liability for damages on our service contracts,
withdrawal of fiscal incentives by government, political instability, legal
restriction on raising capital or acquiring companies outside India, and
unauthorized use of our intellectual property. Further information regarding
these and other risks and uncertainties is included in the company's United
States Securities and Exchange Commission filings.
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</DOCUMENT>
</SEC-DOCUMENT>
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