Wipro

Company Overview

Wipro Ltd was incorporated in the year 1945 in Karnataka by Azim H Premji, who is a promoter and chairman of the company. The company started as an edible oil producer and then transformed itself into a leading player in Fast Moving Consumer Goods and IT Services & Products business. In February 2001, the company became the first software technology and services company in India to be certified for ISO:14001 certification for complying with the international standards for Environmental Management Systems (EMS) in three major software development and technology centers in Bangalore.

Wipro’s world-class technologies division provides a range of high-tech services such as global IT consulting, e-business integration and legacy systems maintenance to clients such as Cisco Systems, Thomas Cooke and NEC. The company has the following key business divisions: Information Technology, Consumer Care & Lighting and Healthcare Technology Services. The company provides IT consulting, custom application design, BPO services, cloud, mobility, development, re-engineering, analytics services, research & development and hardware and software design.

The company is a leading technology services and consulting company focused on building innovative solutions that meet clients’ most complex digital transformation needs. Wipro had revenues of $10.4 billion for the year 2022, and it has more than 250,000 employees serving clients across 66 countries. The company has various subsidiaries such as Wipro Inc. (U.S.), Enthink Inc. (U.S.), Wipro Japan KK (Japan), Wipro Welfare Ltd., Wipro Prosper Ltd. and Wipro Trademarks Holding Ltd., among others.

The company faces stiff competition from competitors such as Booz-Allen, Cambridge Technology, Accenture, Cognizant Technology Solutions, Computer Sciences, EDS, Compaq, Ernst & Young, GE, Getronics, Hindustan Lever, IBM, Hewlett-Packard and Infosys Technologies, among other players.

Financial Highlights (FY 2023)

Company's Business Segments

• IT Services : This segment provides provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process. services, cloud, mobility and analytics services, research and development and hardware and software design.
• IT Products : This segment delivers hardware, software products, and other related deliverables.