Wipro

Wipro is a multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies.[5] Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.[6]

Wipro
TypePublic
ISININE075A01022
IndustryConglomerate
Founded29 December 1945 (29 December 1945)
HeadquartersGlobal: Sarjapur Road
Overseas: Tower Center
Tower Center Boulevard
East Brunswick, New Jersey
U.S.[1]
Area served
Worldwide
Key people
  • Thierry Delaporte (CEO & MD)
Products
Services
RevenueIncreaseUS$11 billion[2] (2023)
IncreaseUS$1.8 billion[2] (2023)
DecreaseUS$1.4 billion[2] (2023)
Total assetsIncreaseUS$15 billion[2] (2023)
Total equityIncreaseUS$9.8 billion[2] (2023)
OwnerAzim Premji (73.85%)[3]
Number of employees
240,000[4]
Subsidiaries
Websitewww.wipro.com

History of Wipro

Early years

The company was incorporated on 29 December 1945 in Amalner, India, by Mohamed Premji.[7][8][9] In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairperson at the age of 21.[10][11]

Shift to IT Industry

During the 1970s and 1980s, the company shifted its focus to new opportunities in the IT and computing industry, which was at a nascent stage in India at the time. On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited, to Wipro Products Limited.[8] In 1982, the name was changed again, from Wipro Products Limited to Wipro Limited.[12] In 1999, Wipro was listed on the New York Stock Exchange.[13] In 2004, Wipro became the second Indian IT company to earn US$1 billion in annual revenue.[14]

In 2012, Wipro demerged its non-IT businesses into a separate company called Wipro Enterprises.[15][16][17] Prior to this demerger, these businesses, mainly in the consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics, contributed about 10% of Wipro's total revenues.[18][19][20][21] In March 2023, Wipro opened its American international Headquarters at Tower Center in East Brunswick, Middlesex County, New Jersey.[1]

Notable acquisitions

In 2006, Wipro acquired California-based technology company cMango in an all cash deal.[22]

In 2012, Wipro acquired Australian analytics company, Promax Applications Group for A$35 million in an all cash deal.[23]

In 2015, Wipro acquired Denmark-based design consultancy Designit for €85 million.[24]

In 2016, Wipro acquired cloud services consultancy Appirio for $500M.[25]

In April 2019, Wipro acquired Filipino personal care company Splash Corporation.[26]

In February 2020, Wipro acquired Rational Interaction, a Seattle-based digital customer experience consultancy.[27]

In March 2021, Wipro acquired Capco, a 22-year-old global technology and management consultancy specializing in driving digital transformation in the financial services industry.[28][29] Wipro has signed an agreement to acquire Ampion for a cash consideration of $117 million, according to an exchange filing.[30][31]

In April 2022, Wipro signed a definitive agreement to acquire the Stamford, Connecticut-headquartered Systems Applications and Products (SAP) consulting company, Rizing Intermediate Holdings.[32]

In 2021, Wipro invested in Soulflower, a Farm-to-Face beauty brand.[33][34]

Wipro has committed to achieving net-zero emissions by 2040, with an intermittent goal of reducing emissions 55% by 2030.[35][36]

Listing and shareholding
A Panaromic view of IT Park RMZ Ecoworld

Wipro's equity shares are listed on Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index,[37] and the National Stock Exchange of India where it is a constituent of the NIFTY 50.[38] The American Depositary Shares of the company are listed on the New York Stock Exchange (NYSE) since October 2000.[39]

Shareholding: The table provides the share holding pattern as of 31 March 2022.[40]

Shareholders (as on March 31, 2022)Shareholding
Promoter group led by Azim Premji73%

Company employees understand that colors communicate ideas better, transcending language and culture barriers.[41][42][43][44] The logo incorporates the broad spectrum of color, making it aesthetically appealing. The colors used in the Wipro brand identity have particular significance -

Red - Life, Dynamism, Auspiciousness

Green - Nature, Freshness, Growth, Prosperity, Youth

Yellow - Sun, Warmth, Vitality, Aspiration

Violet - Intelligence, Innovation, Shrewdness, Mystery

Blue - Sky, Sea, Transparency, Nature

Awards and recognitions

See also

References
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