Wipro is now eligible to participate in various World Bank projects; a four-year ban on the company in 2007 has expired. However, the company has to reapply to become a vendor of the bank, which will be decided based on the eligibility criteria and other norms.
To a query if Wipro is reapplying to World Bank to become a vendor, the company said, “We have always been confident of our business practices. We are happy to know we are eligible to do business with the World Bank.”
On June 13, the multinational lender had slapped a four-year ban on Wipro from doing business with the group under its corporate procurement programme for “providing improper benefits to the bank's staff”.
In a statement issued at that time, Wipro had said the revenues it derived from the World Bank was insignificant ($1 million). “Our inability to get future business from the World Bank will not adversely affect our business and results of operations,” the company had said then.
