Wipro

From Wikipedia, the free encyclopedia
This is the current revision of this page, as edited by imported>GangesCommander at 16:33, 4 June 2025 (Updated information). The present address (URL) is a permanent link to this version.
(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Template:Short description Script error: No such module "Unsubst". Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Wipro Limited (Template:IPAc-en) is an Indian multinational technology company based in Bengaluru. It provides information technology, consulting and business process services. It is one of India's Big Six IT services companies. Wipro's services include cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technologies, present in 167 countries.[1]

History

Early years

The company was incorporated on 29 December 1945 in Amalner by MH Hasham Premji as Western India Vegetable Products Limited, a manufacturer of cooking oils.[2][3][4] In 1966, after Hasham Premji's death, his son Azim Premji took over as chairperson at age 21.[5]

The company changed its name to Wipro Products Limited in 1977, followed by Wipro Limited, a syllabic abbreviation of the original name, in 1982.[3]

Shift to IT

In the 1980s, recognizing opportunities in computer hardware and software, the company established subsidiaries Wipro Infotech and Wipro Systems. In 1981, Wipro developed the first Indian minicomputer based on the Intel 8086 chip in an IISc lab.[6][7] The software division began in 1984 with the development of a spreadsheet and word-processing suite but shifted to offshore software development in 1990.[8]

By the mid-1990s, Wipro had become one of India's leading manufacturers of personal computers, peripherals, and medical diagnostic equipment.[9] In 1998, the company reported being the second-largest software exporter from India,[10] and gradually increased its focus on the higher-margin software services business which accounted for the vast majority of its profits.[11]

During the dot-com boom of the early 2000s, Wipro became the largest company in India by market capitalization, reaching a value three times that of the next largest listed company, Infosys. Consequently, Wipro's majority shareholder Azim Premji was the richest Indian for five consecutive years.[12][13]

In 2004, Wipro became the second listed Indian IT company to report annual revenues exceeding US$1 billion.[14] By 2006, approximately 30% of its total revenue came from product engineering R&D services.[15]

In 2007, Wipro introduced a line of supercomputers known as Wipro Supernova.[16] In 2011, Wipro, in collaboration with the Indian Space Research Organisation (ISRO), developed India's then-fastest supercomputer, SAGA-220, which was deployed at the Vikram Sarabhai Space Centre.[17][18]

In 2012, Wipro demerged its non-IT businesses into a new private company named Wipro Enterprises.[19] Prior to this demerger, these businesses—primarily in consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics—accounted for about 14% of Wipro's total revenues.[20]

Operations

Template:Advert section Wipro operates in over 60 countries and serves clients in industries such as financial services, healthcare, manufacturing, retail, and telecommunications. Major services provided by Wipro are:

  • IT services such as software development, system integration, and IT consulting.[21]
  • Business process services including customer service, finance and accounting, and human resources.[22]
  • Consulting involves advising companies on business strategies, technology solutions, and organizational improvements.[23]
  • Engineering services including product development, research and development, and technical support.[24]
  • Cloud services such as cloud migration, management, and infrastructure services.[25][26]

Acquisitions

Year Company Country Industry Acquisition cost
2005 NewLogic[27] Austria Semiconductor design services €47 million
2006 cMango[28] United States Technology $20 million
2006 Enabler[29] Portugal Consulting €41 million
2007 Infocrossing[30] United States Infrastructure management services $600 million
2008 Citi Technology Services[31] United States Technology $127 million
2012 Promax Applications Group[32] Australia Analytics A$35 million
2014 Atco I-Tek[33] Canada Technology C$210 million
2015 Designit[34] Denmark Design consultancy €85 million
2015 Cellent[35] Germany Consulting €73 million
2016 HealthPlan Services[36] United States Healthcare technology $460 million
2016 Appirio[37] United States Cloud services $500 million
2019 International TechneGroup Inc (ITI)[38] United States Engineering services $45 million
2020 4C[39] Belgium Salesforce partner €68 million
2020 Rational Interaction[40] United States Digital customer experience consultancy Undisclosed
2021 Eximius Design[41] United States Semiconductor engineering services $80 million
2021 Capco[42] United States Technology management consultancy $1.45 billion
2021 Ampion[43] Australia Cybersecurity $117 million
2021 LeanSwift[44] United States Cloud transformation $21 million
2021 Edgile[45] United States Cybersecurity $230 million
2022 Convergence Acceleration Solutions (CAS)[46] United States Consulting $80 million
2022 Rizing Intermediate Holdings[47] United States SAP consultancy $540 million
2024 Aggne Global[48] United States Insurtech $66 million
2024 Applied Value Technologies (AVT)[49] United States Consulting $40 million

Listing and shareholding

File:Wipro-logo-edited.png
Old logo of Wipro

Wipro's equity shares have been listed on Bombay Stock Exchange since 1946 and the National Stock Exchange of India where it is a constituent of the NIFTY 50. The American Depositary Shares of the company are listed on the New York Stock Exchange (NYSE) since October 2000.[50]

As of March 2024, the promoter group headed by Azim Premji held a 72.88% stake in the company, while the remaining shares were with public shareholders and an employee trust.[51]

Category Percentage of Holding 31 Mar 2024 [52]
Promoters and Promoter Group 72.88%
Foreign Institutional Investors (FIIs) 9.36%
Retail Investors 8.39%
Insurance companies 4.60%
Mutual Funds 3.53%
Others 1.24%
Total 100%

Employees

As of 31 March 2024, Wipro had 234,054 employees, out of which 36.6% were women.[53]

Financial year ended Employee count
March 2024 234,054 [53]
March 2023 248,813 [53]
March 2022 236,204 [54]
March 2021 201,665 [54]
March 2020 182,886 [55]

List of CEOs since 1981:[56]

CEO Tenure
Ashok Narasimhan 1981–1988
Ashok Soota 1991–1999
Vivek Paul[57] 1999–2005
Azim Premji 2005–2008
Girish Paranjpe and Suresh Vaswani[58] 2008–2011
T. K. Kurien[59] 2011–2016
Abidali Neemuchwala[60][61] 2016–2020
Thierry Delaporte[62] 2020–2024
Srini Pallia[63] 2024–present

Sponsorships

Criticism

In February 2023, Wipro faced criticism for reducing the annual salary package of new hires by 50%. This decision affected around 4,000 new hires, leading to backlash from employee unions like NITES, which called the move unfair and lacking transparency. Wipro stated that the revised offer was due to changing business needs and provided an immediate opportunity for candidates to start their careers.[68][69]

References

<templatestyles src="Reflist/styles.css" />

  1. ↑ Script error: No such module "citation/CS1".
  2. ↑ Script error: No such module "citation/CS1".
  3. ↑ a b Script error: No such module "citation/CS1".
  4. ↑ Script error: No such module "citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ Script error: No such module "citation/CS1".
  8. ↑ Script error: No such module "citation/CS1".
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ Script error: No such module "citation/CS1".
  11. ↑ Script error: No such module "citation/CS1".
  12. ↑ Script error: No such module "citation/CS1".
  13. ↑ Script error: No such module "citation/CS1".
  14. ↑ Script error: No such module "citation/CS1".
  15. ↑ Script error: No such module "citation/CS1".
  16. ↑ Script error: No such module "citation/CS1".
  17. ↑ Script error: No such module "citation/CS1".
  18. ↑ Script error: No such module "citation/CS1".
  19. ↑ Script error: No such module "citation/CS1".
  20. ↑ Script error: No such module "citation/CS1".
  21. ↑ Script error: No such module "citation/CS1".
  22. ↑ Script error: No such module "citation/CS1".
  23. ↑ Script error: No such module "citation/CS1".
  24. ↑ Script error: No such module "citation/CS1".
  25. ↑ Script error: No such module "citation/CS1".
  26. ↑ Script error: No such module "citation/CS1".
  27. ↑ Script error: No such module "citation/CS1".
  28. ↑ Script error: No such module "citation/CS1".
  29. ↑ Script error: No such module "citation/CS1".
  30. ↑ Script error: No such module "citation/CS1".
  31. ↑ Script error: No such module "citation/CS1".
  32. ↑ Script error: No such module "citation/CS1".
  33. ↑ Script error: No such module "citation/CS1".
  34. ↑ Script error: No such module "citation/CS1".
  35. ↑ Script error: No such module "citation/CS1".
  36. ↑ Script error: No such module "citation/CS1".
  37. ↑ Script error: No such module "citation/CS1".
  38. ↑ Script error: No such module "citation/CS1".
  39. ↑ Script error: No such module "citation/CS1".
  40. ↑ Script error: No such module "citation/CS1".
  41. ↑ Script error: No such module "citation/CS1".
  42. ↑ Script error: No such module "citation/CS1".
  43. ↑ Script error: No such module "citation/CS1".
  44. ↑ Script error: No such module "citation/CS1".
  45. ↑ Script error: No such module "citation/CS1".
  46. ↑ Script error: No such module "citation/CS1".
  47. ↑ Script error: No such module "citation/CS1".
  48. ↑ Script error: No such module "citation/CS1".
  49. ↑ Script error: No such module "citation/CS1".
  50. ↑ Script error: No such module "citation/CS1".
  51. ↑ Script error: No such module "citation/CS1".
  52. ↑ Script error: No such module "citation/CS1".
  53. ↑ a b c Script error: No such module "citation/CS1".
  54. ↑ a b Script error: No such module "citation/CS1".
  55. ↑ Script error: No such module "citation/CS1".
  56. ↑ Script error: No such module "citation/CS1".
  57. ↑ Script error: No such module "citation/CS1".
  58. ↑ Script error: No such module "citation/CS1".
  59. ↑ Script error: No such module "citation/CS1".
  60. ↑ Script error: No such module "citation/CS1".
  61. ↑ Script error: No such module "citation/CS1".
  62. ↑ Script error: No such module "citation/CS1".
  63. ↑ Script error: No such module "citation/CS1".
  64. ↑ Script error: No such module "citation/CS1".
  65. ↑ Script error: No such module "citation/CS1".
  66. ↑ Script error: No such module "citation/CS1".
  67. ↑ Script error: No such module "citation/CS1".
  68. ↑ Script error: No such module "citation/CS1".
  69. ↑ Script error: No such module "citation/CS1".

Script error: No such module "Check for unknown parameters".

External links

Script error: No such module "Side box".

Script error: No such module "navboxes". Script error: No such module "Navbox". Template:Nifty 200 companies Template:S&P CNX Nifty companies Template:Major information technology consulting and outsourcing companies Template:Contract research organizationScript error: No such module "navboxes".Script error: No such module "Check for unknown parameters". Template:Authority control

Retrieved from "http://debianws.lexgopc.com/wiki143/index.php?title=Wipro&oldid=7766625"