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<SEC-DOCUMENT>0000950134-08-022581.txt : 20090320
<SEC-HEADER>0000950134-08-022581.hdr.sgml : 20090320
<ACCEPTANCE-DATETIME>20081222174033
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950134-08-022581
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20081222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WIPRO LTD
		CENTRAL INDEX KEY:			0001123799
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			KARNATAKA
		STATE:			K7
		ZIP:			560035
		BUSINESS PHONE:		91-80-2844-0011

	MAIL ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			KARNATAKA
		STATE:			K7
		ZIP:			560035
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WIPRO LIMITED<BR>
Doddakannelli<BR>
Sarjapur Road<BR>
Bangalore, Karnataka 560035, India</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">December&nbsp;22, 2008

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Via EDGAR </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">United States<BR>
Securities and Exchange Commission<BR>
100 F Street, N.E<BR>
Washington, D.C. 20549

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attention:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mr. Mark Kronforst</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accounting Branch Chief</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Division of Corporation Finance</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Re:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Wipro Limited</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Form&nbsp;20-F for the Fiscal Year Ended March&nbsp;31, 2008</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Filed May&nbsp;30, 2008</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>File No.&nbsp;1-16139</B></TD>
</TR>
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</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Mr.&nbsp;Kronforst:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This letter is in response to your letter dated December&nbsp;9, 2008 (the &#147;Comment Letter&#148;) containing
a supplemental comment of the staff (the &#147;Staff&#148;) of the Securities and Exchange Commission (the
&#147;Commission&#148;) related to the Company&#146;s response to the comment letter dated September&nbsp;9, 2008
regarding the Form 20-F of Wipro Limited (the &#147;Company&#148;) for the fiscal year ended March&nbsp;31,
2008.&nbsp;&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In this letter, for the Staff&#146;s convenience, we have reproduced the supplemental comments from the
Staff and have followed each supplemental comment with our response.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Form&nbsp;20-F for the Year Ended March&nbsp;31, 2008</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Item&nbsp;5. Operating and Financial review and Prospects</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Trend information, page 54</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><I>1.</I></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Your response to prior comment number 4 states that pricing is impacted by a multitude of
factors and that you provide services across different industries and geographies. You
conclude without explanation that it may not be meaningful to separately identify the impact
of pricing. However, we continue to believe that you can and should provide quantitative
information to investors about</I></TD>
</TR>


</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>changes in pricing and how they have impacted your results of
operations, if material. Your response further discussed initiatives that you are taking to
increase revenues, without a corresponding increase in resources used or prices charged. You
also generally discussed these initiatives in the second to last paragraph of page 54;
including offering services with higher margins, increasing employee productivity, and
increasing utilization of IT professionals. These initiatives and their impact on revenues and
gross should be disclosed, but similarly do not obviate the need for discussion on the
quantitative effect of price changes on revenues. Please confirm to us that in future filings
you will provide a quantitative discussion of changes in prices and any impact on revenues, to
the extent material, consistent with Item&nbsp;</I><I>303(a)(3)(iii)</I><I> of Regulation&nbsp;S0K</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Response</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We acknowledge the Staff&#146;s comments and respectfully submit that in our future filings we will
discuss the quantitative effect of changes in prices in our IT Services business and its impact on
revenues, to the extent material.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;18, Financial Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Consolidated Statements of Income, page 105</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>2. We note your response to prior comment number 7 regarding your income statement presentation
methodology for revenue and related costs relating to multiple-element arrangements recognized as a
single unit ratably and for arrangements accounted for under SOP 81-1. Please confirm to us that in
future filings you will include a discussion on your basis of presentation for these arrangements
in your MD&#038;A, critical accounting policies and estimates, and footnote disclosures</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Response</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We acknowledge the Staff&#146;s comments and respectfully submit that in our future filings we will
disclose in the MD&#038;A, critical accounting policies and estimates, and footnote disclosures, the
basis of income statement presentation of revenue and costs relating to multiple-element
arrangements recognized as a single unit ratably and for arrangements accounted for under SOP 81-1
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Note 2, Significant Accounting Policies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Revenue recognition, page 109</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>3. Your response to prior comment number 9 indicates that revenue from certain consulting service
arrangements is recognized using the proportional performance method. Please note that your US GAAP
financial statements should disclose the use of this method, as opposed to the proportionate
completion method, which appears to be a method under Indian GAAP.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Response</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We acknowledge the Staff&#146;s comments and submit that we will suitably amend the accounting policy
disclosures in our future filings.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>In connection with our response, we acknowledge that:</B>
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company is responsible for the adequacy and accuracy of the disclosure in its
filings;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Staff comments or changes to disclosure in response to Staff comments do not foreclose
the Commission from taking any action with respect to the filings; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company may not assert Staff comments as a defense in any proceeding initiated by
the Commission or any person under the federal securities laws of the United States.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please feel free to call me at 91-080-28440055 or our outside counsel Raj Judge at Wilson
Sonsini Goodrich &#038; Rosati, P.C., at (650)&nbsp;320-4688, with any questions you may have
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Yours sincerely,<BR>
Wipro Limited<BR>
<BR>
/s/ Suresh C. Senapaty<BR>
Suresh C. Senapaty<BR>
Chief Financial Officer and<BR>
Director<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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