Company Type: Public
Traded as - BSE: 507685, NSE: WIPRO, NYSE: WIT, NASDAQ: WIT
Industry: IT services and IT consulting
Founded: 1945 Founder(s) M.H. Hasham Premji Headquarters Bangalore, Karnataka, India
Area served: Worldwide
Key people: Azim Premji (Chairman)
Services: Outsourcing, BPO and Software service
Revenue: US$ 6.03 billion (2010)
Operating income: US$ 1.144 billion (2010)
Profit: US$ 1.02 billion (2010)
Total assets: US$ 7.498 billion (2010)
Total equity: US$ 4.373 billion (2010)
Employees: 119,491 (December 2010)
Divisions: Wipro Consumer Care & Lighting, Wipro EcoEnergy, Wipro Infrastructure, Engineering Wipro GE Medical Systems Limited
Wipro Limited is a global information technology (IT) services company headquartered in Bangalore, India. According to the 2010 revenue, Wipro is one of the largest IT services company in India and employs more than 119,491 people worldwide as of September 2010. It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010. Wipro provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company operates in three segments: IT Services, IT Products, Consumer Care and Lighting.
Wipro Technologies, the global technology and consulting services division of Indian conglomerate Wipro Limited.
The company was established in 1980 as subsidiary of Wipro Limited listed on New York Stock Exchange. Wipro was initially set up as a vegetable oil manufacturer in 1945 in Amalner, Maharashtra, producing sunflower Vanaspati Oil and soaps. At that time, the company was called Western India Vegetable Products Limited (later abbreviated down to Wipro). The company logo still contains a sunflower to reflect their original business. During 1970s and 1980s it shifted its focus and begin to look into business opportunities in IT and computing industry which was at nascent stages in India at that time. Wipro was the first company which marketed the first indigenous homemade PC from India in 1975.
In 1966 Azim Premji, still the majority shareholder in Wipro, took over as the chairman of the company at the age of 21 and with the passage of time transformed it into one of the finest and largest IT outsourcing services provider of the world.
By 2000, Wipro Technologies emerged as the largest publicly listed software exporter in India and the first software services provider to be assessed at SEI Level 5 in the world.
Wipro won the Golden Peacock Innovative Service Award for effective service delivery using state of art technology in 2001.
Wipro was awarded SVG1, the highest rating in Stakeholder Value Creation and Governance Practices by ICRA, a premier credit rating agency in India and an associate of Moody’s Investor Services of USA.
Wipro was awarded the India Manufacturing Excellence Award for its factory in Pondicherry in the large enterprises category by Frost & Sullivan.
Wipro was awarded the prestigious ASTD BEST Awards for 2005 by the American Society of Training and Development.
Wipro's Global Command Centre won the Marico Foundation and Business World's Innovation for India Award in 2006. The conglomerate was rated as the No.1 Network Integrator and No.1 Network Security Services Provider by Voice & Data Magazine.
Wipro BPO employs over 22,000, of whom 3,150 are at its Hyderabad campus. The planned new recruitments will be from among science and commerce graduates and under-graduates.
The majority of Wipro BPO’s business comes from the US, followed by Europe. The rest of the world contributes only marginally to its top line. The company posted a turnover of $290 million in FY08.
Founded in 2002, Wipro BPO has operations in Delhi, Pune, Kolkata, Chennai, Mumbai, Hyderabad, Navi-Mumbai (Belapur) Greater Noida, Mysore and Kochi in India. It also has offices in Shanghai and Cebu in Asia and Curittiba in Brazil and Wroclaw in Poland. It has 44 clients in segments such as banking & capital markets, insurance, travel & hospitality, hi-tech manufacturing, telecom and healthcare.