Wipro Liquidates Hungarian Step-Down Subsidiary As Part Of Group Consolidation

New Delhi, Jul 25: IT services firm Wipro on Friday said its step-down subsidiary Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag has been voluntarily liquidated.

Confirmation of the liquidation was received from the Hungarian Court of Registration on July 25, 2025, according to a regulatory filing by the company. The decision has been taken with an intent to rationalise and consolidate Wipro's overall group structure, it said.

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The Hungarian subsidiary contributed no operational revenue during the last financial year, with other income reported at Rs 2.9 crore and a net worth of Rs 18.5 crore, accounting for only 0.02 per cent of Wipro's net worth.

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