Several earlier attempts by Indian IT (including Wipro) to buy or build sizeable consulting practices have not been successful. However, learning from HCLT’s then bold bet on software products (similarly adjacent to IT) suggests there can always be a first! Keeping Capco as a separate entity should address branding, GTM and culture conflict issues to an extent. Successful cross-selling / integration of offerings will likely depend on the incentive structure promoting the same. Capco’s revenue stagnancy is of concern as it can be a further drag on the already low growth of Wipro.