Wipro Signs Multi-Year Deal With TruStage To Modernise Retirement Services Business

Wipro Limited has announced a multi-year agreement with TruStage, an insurance and financial services provider based in Madison, Wisconsin, to modernise its retirement services business.

Under the agreement, Wipro will help transform TruStage’s technology systems and business operations to improve efficiency and create better digital experiences for customers.

Focus On Technology and Operational Modernisation

As part of the partnership, Wipro will upgrade TruStage’s core retirement services platform and technology infrastructure. The project aims to make operations more efficient, improve flexibility, and provide smoother digital services to customers.

The transformation will help TruStage strengthen its ability to launch new products, improve service quality, and increase overall customer satisfaction.

AI-Powered Solutions To Drive Innovation

Wipro will use Wipro Intelligence™, its suite of AI-powered platforms and digital solutions, to support this transformation. The company will provide services across:

• Business process management
• IT services and infrastructure management
• Technology modernization
• Vendor ecosystem management

The program will also introduce a global operating model to better manage TruStage’s partners and technology systems.

Consulting-Led Strategy For Long-Term Growth

The project will be led by Wipro’s consulting team, which will work with TruStage to develop a long-term innovation roadmap. This roadmap will guide the company in building a more advanced and future-ready retirement services business.

Designit, Wipro’s experience innovation company, will also contribute by redesigning the technology architecture and customer delivery model to improve how TruStage interacts with its clients.

Leadership Views On The Partnership

Chris Copeland, Chief Business Officer at TruStage, said retirement planning is very important for the middle-market customers the company serves. Many families face challenges when planning their financial future, and TruStage aims to provide tools and services that support long-term financial security.

He added that the collaboration with Wipro will help modernise operations and enhance the customer experience, especially for people who have been underserved by the industry.

Srini Pallia, CEO and Managing Director of Wipro, said customer expectations in financial services are changing rapidly, with a growing demand for simpler and more digital-first experiences. He noted that Wipro will help TruStage accelerate decision-making and build a strong foundation for future growth.

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About Wipro

Wipro Limited is a global technology services and consulting company focused on digital transformation. With more than 230,000 employees across 65 countries, the company helps businesses develop innovative technology solutions and build intelligent, sustainable operations.

Wipro Share Price Movement

Wipro share price was closed at ₹201.80 on March 11, rising ₹0.87 or 0.43% for the day. The stock opened at ₹202.69, touched an intraday high of ₹205.95, and slipped to a low of ₹201.58 during trading. The company has a market capitalisation of ₹2.12 lakh crore and trades at a P/E ratio of 15.97. Over the past year, the stock has recorded a 52-week high of ₹279.30 and a 52-week low of ₹193.03. Wipro currently offers a dividend yield of 6.19%, with a quarterly dividend amount of ₹3.12 per share.

Conclusion

The partnership between Wipro and TruStage highlights the growing demand for digital transformation in the financial services sector. By combining AI-powered platforms with consulting expertise, Wipro aims to help TruStage modernise its retirement services, improve customer engagement, and support long-term business growth.

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