Consolidating financial statements foreign currency

The Board of Directors and Equity holders Wipro Limited: We have audited the accompanying consolidated statements of financial position of Wipro Limited and its subsidiaries (“the Company”) as of March31, 20, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for each of the years in the three-year period ended March31, 2016.These consolidated financial statements are the responsibility of the Company’s management.Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are included in the following notes: a) The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts.The consolidated financial statements have been prepared on a historical cost convention and on an accrual basis, except for the following material items which have been measured at fair value as required by relevant IFRS:- a. Solely for the convenience of the readers, the consolidated financial statements as of and for the year ended March31, 2016, have been translated into United States dollars at the certified foreign exchange rate of US

The Board of Directors and Equity holders Wipro Limited: We have audited the accompanying consolidated statements of financial position of Wipro Limited and its subsidiaries (“the Company”) as of March31, 20, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for each of the years in the three-year period ended March31, 2016.These consolidated financial statements are the responsibility of the Company’s management.Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are included in the following notes: a) The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts.The consolidated financial statements have been prepared on a historical cost convention and on an accrual basis, except for the following material items which have been measured at fair value as required by relevant IFRS:- a. Solely for the convenience of the readers, the consolidated financial statements as of and for the year ended March31, 2016, have been translated into United States dollars at the certified foreign exchange rate of US$1 = 66.25 as published by Federal Reserve Board of Governors on March31, 2016.No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate.

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The Board of Directors and Equity holders Wipro Limited: We have audited the accompanying consolidated statements of financial position of Wipro Limited and its subsidiaries (“the Company”) as of March31, 20, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for each of the years in the three-year period ended March31, 2016.

These consolidated financial statements are the responsibility of the Company’s management.

Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are included in the following notes: a) The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts.

= 66.25 as published by Federal Reserve Board of Governors on March31, 2016.No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate.

The accompanying notes form an integral part of these consolidated financial statements.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of March31, 20, and the results of their operations and their cash flows for each of the years in the three-year period ended March31, 2016, in conformity with International Financial Reporting Standards as issued by International Accounting Standards Board.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Wipro Limited’s internal control over financial reporting as of March 31, 2016, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated May 26, 2016 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.

Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).