This article is more than 2 year old.

Alight Solutions, the global business services firm that awarded Wipro its biggest deal yet

Mini

The stock is the top percent gainer on both the National Stock Exchange (NSE) and the Bombay Stock Exchange index and Nifty IT index.

Alight Solutions, the global business services firm that awarded Wipro its biggest deal yet
Wipro on Sunday said it had won a deal valued at more than $1.5 billion over a period of ten years to provide a suite of cloud-based services to Illinois-based  Alight Solutions, a company that provides health, human resources and healthcare services.
The company provides data driven, cloud based services, enabling its clients to see, compare and choose the right product, such as finding the right insurance or retirement plans, or selecting the right set of software to manage payroll and human resources.
Alight employs the software-as-a-service (SaaS) delivery system, enabling companies to pick the right software suite or to test and optimise their current system to peak efficiency.
The company boasts about 1400 clients and has an expanded user base of over 19 million users. Alight also serves roughly half of the Fortune 500 companies on a daily basis in the areas of HR and financial services.
In July 2018, Wipro had agreed to take over Alight Solutions' captive operations in India, Alight HR services India, for about $117 million. The transaction was completed on August 31.
Alight HR Services India, was earlier known as Aon HR Services India and has about 9000 employees. The company, which was set up in 2016, clocked revenue of Rs 1132 crore in 2017-18, and operates out of centres in Gurugram, Noida, Mumbai and Chennai.
“This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analytics,” Wipro said in a statement.
Wipro has previously said it expected revenue from its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion.

Market Movers

CompanyPriceChange%Loss
Adani Ports706.70 -55.15
Tata Steel1,142.15 -32.15
JSW Steel705.40 -19.70
Hindalco380.25 -10.60
Power Grid Corp242.15 -5.45
CompanyPriceChange%Loss
Power Grid Corp242.10 -5.40
IndusInd Bank1,013.70 -19.85
Reliance2,211.65 -38.05
Larsen1,490.65 -20.30
Bajaj Finance6,083.00 -77.70
CompanyPriceChange%Loss
Adani Ports706.70 -55.15 -7.24
Tata Steel1,142.15 -32.15 -2.74
JSW Steel705.40 -19.70 -2.72
Hindalco380.25 -10.60 -2.71
Power Grid Corp242.15 -5.45 -2.20
CompanyPriceChange%Loss
Power Grid Corp242.10 -5.40 -2.18
IndusInd Bank1,013.70 -19.85 -1.92
Reliance2,211.65 -38.05 -1.69
Larsen1,490.65 -20.30 -1.34
Bajaj Finance6,083.00 -77.70 -1.26

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.32250.01000.01
Euro-Rupee88.8280-0.1020-0.11
Pound-Rupee103.39600.09700.09
Rupee-100 Yen0.66690.00080.11