Wipro inks a multi-year pact with US-based TruStage for modernising retirement business; check share price trend

In a regulatory filing dated March 11, the Bengaluru-based firm stated that it signed the contract for the business and technology modernisation of TruStage’s retirement services business.

Under the partnership, Wipro will transform TruStage’s core retirement services operations and technology stack through an integrated approach that will deliver “seamless digital experiences, business agility, and increased efficiencies”.

With Wipro’s consulting team in the lead, the company will work with TruStage to build a long-term strategic innovation roadmap to help the latter achieve its goal of building a “future-forward” retirement services business.

As per the contract, Wipro, leveraging Wipro Intelligence, its AI-powered unified suite, along with “its deep domain expertise in wealth management and retirement services”, will deliver an integrated transformation program.

The integrated transformation program, as per the filing, will span business processes and IT services, technology infrastructure management, and establish an integrated global operating model to manage TruStage’s broader vendor ecosystem.

Furthermore, Wipro’s experience innovation company Designit will work alongside its consulting team to “reimagine TruStage’s technology stack and customer delivery operating model, enabling TruStage to unlock new ways to engage with customers and bring differentiated offerings”.

Commenting on the development, Srini Pallia, Chief Executive Officer and Managing Director, Wipro, said: “Customer expectations in financial services are changing, with a growing demand for simpler, more digital‑first experiences. We are pleased to support TruStage in modernising its Retirement Services business. Through Wipro Intelligence and our consulting‑led approach, we look forward to helping TruStage accelerate decision‑making, enhance customer experience, and build a foundation for long‑term growth.”

Wipro stock performance

The scrip was trading flat with a positive bias at the time of writing. In early trade on Thursday, the share had declined as much as 1.25% to an intraday low of ₹199.70 apiece on the National Stock Exchange (NSE), compared to the close of ₹202.23 in the previous session. The multi-year contract was announced after the market closed on Wednesday.

At around 10:56 AM, the scrip was trading 0.04% higher at ₹202.32 apiece.

Wipro has a total market capitalisation of ₹2.12 lakh crore, as of March 12, 2026, according to data on the NSE.