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Last Updated on : February 12, 2010
Wipro Ltd
Wipro Ltd is an Indian IT giant that offers integrated IT solutions to its clients worldwide. It
offers total outsourcing, business solutions, consulting services and professional services to plan,
deploy, sustain and maintain the IT lifecycle of its clients.
Wipro Infotech is a part of US$ 5 billion Wipro Limited with US$ 24 billion market
capitalization. Wipro is known for its quality. It is the first global software company to attain
Level 5 SEI-CMM as well as the first IT Company in the world to achieve Six Sigma and Level
5 PCMM. Wipro has 13 regional offices across India. It also has offices in different places across
the world including Egypt, UAE, KSA and Bahrain.
Brief History
Wipro Ltd. started its journey in 1947 as a vegetable oil trading company (Western India Palm
Refined Oils) in Amalner, Maharashtra, India. It was M. H. Premji, father of its current
Chairman Azim Premji, who founded Wipro. After his death in 1966, his son, a Stanford
University graduate in Electrical Engineering, took the onus of leadership at the age of 21. Azim
Premji repositioned the company into a consumer goods company and started producing
hydrogenated cooking oils, laundry soap, wax and tin containers. Later Wipro Fluid was set up,
which started manufacturing hydraulic and pneumatic cylinders.
In 1977, after IBM left Indian IT sector, Wipro entered into the market. It started
developing its own computers. Within a couple of years, Wipro Ltd. started selling finished
products. It licensed technology from Sentinel Computers in U.S. Wipro is also the manufacturer
of India's first mini computers.
In 1980, Wipro Ltd. moved towards software development, when they started providing
customized software to their hardware customers. This was just a beginning of a new era for
Wipro. It spread its roots off shore in U.S. in 1992. By 2000, Wipro Ltd. managed to get enlisted
on the New York Stock Exchange.
Financials
Wipro Limited saw a whooping growth in terms of its revenue which soared up by 450% from
2002 to 2007. In the quarter ended September 30, 2009, the IT Services business of Wipro Ltd.
reported revenue of Rs. 49.96 billion with a growth rate of 5% YoY. It also recorded PBIT of Rs.
11.87 billion with a growth rate of 19% YoY. During the quarter, the operating income to the
revenue was 23.8%.
During the quarter, Wipro Ltd. also added 37 new clients to its list. Currently (as of September
30, 2009), Wipro has employee strength of 97,891.
Wipro Ltd. offers a range of products and services to its clients. Moreover, its business solutions
cover a wide array of domains.
Services
Products
Wipro Ltd. offers following products.
Domains
Wipro Ltd. offers solutions in the following domains.
Address
Wipro Ltd.
Doddakannelli
Sarjapur Road
Bangalore – 560 035
India
Tel: +91-80-2844-0011
Fax: +91-80-2844-0256