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Wipro Limited

Wipro Logo
Type	Public
Traded as	BSE: 507685 NSE: WIPRO NYSE: WIT BSE SENSEX Constituent
Industry	IT services, IT consulting
Founded	Amalner, Maharashtra (December 1945)
Founder(s)	M.H. Hasham Premji
Headquarters	Bangalore, Karnataka, India
Area served	Worldwide
Key people	Azim Premji (Chairman)
Services	IT, business consulting and outsourcing services
Revenue	US$ 7.30 billion (2012)[1]
Operating income	US$ 1.25 billion (2012)[1]
Profit	US$ 1.09 billion (2012)[1]
Total assets	US$ 8.55 billion (2012)[1]
Total equity	US$ 5.60 billion (2012)[1]
Employees	119,491 (2012)
Divisions	Wipro Consumer Care & Lighting Wipro Infrastructure Engineering Wipro GE Medical Systems Limited Wipro Technology Services Limited
Website	www.wipro.com

Wipro Limited (formerly Western India Products Limited) (BSE: 507685, NSE: WIPRO, NYSE: WIT) is an Indian global IT services and consulting company headquartered in Bangalore, India. As of 2012, Wipro is the second largest IT services company by turnover in India.^[1] It 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. It is 9th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010.^[2] Wipro has other business interest particularly consumer goods, health care and engineering. Wipro Technology has announced the launch öf its first iPhone corporate app "Wipro Buzz".^[3]

History[link]

The company was established in 1945 by Mohamed Hasham Premji as Western India Products Limited, later abbreviated to Wipro. It was initially set up as a vegetable oil manufacturer in Amalner, Maharashtra, producing sunflower Vanaspati oil and soaps. ^[4][5] The company logo still contains a sunflower to reflect their original business.

In 1966, Azim Premji, aged 21 at the time, took over as chairman of the company, and started the changes that over time transformed Wipro into one of the largest IT outsourcing services provider of the world.^[6] Along with a small number of shareholders, Azim Premji is a major shareholder in Wipro.^[7] During the 1970s and 1980s, the company shifted its focus and began to look into business opportunities in the IT and computing industry, which was at nascent stages in India at that time. Thanks to the public sector ECIL Hyd, WIPRO could garner the experienced set of people in one lot from ECIL like Dr.Laxman Rao,Sridhar Mitta,Venkatesh,Sadhasivam etc to get a kick start. Wipro marketed the first indigenous homemade PC from India in 1985.

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.^[8]

Wipro won the Golden Peacock Innovative Service Award^[9] 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.^[10]

Wipro was awarded the India Manufacturing Excellence Award for its factory in Pondicherry in the large enterprises category by Frost & Sullivan.^[11]

Wipro was awarded the ASTD BEST Awards for 2005 by the American Society of Training and Development.^[12]

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.^[13]

Wipro was ranked 37 in The Brand Trust Report among the most trusted brands in India.^{[citation needed]}

Wipro BPO[link]

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 Bucharest and Timisoara in Romania (Europe), Shanghai and Cebu in Asia and Curitiba in Brazil and Warsaw and Katowice in Poland. Wipro BPO employs over 22,000^{[citation needed]}, of whom 3,150 are at its Hyderabad campus. The majority of Wipro BPO’s business comes from the United States, followed by Europe^{[citation needed]}. The rest of the world contributes only marginally to its top line. The company posted a turnover of $290 million in FY08. It has 44 clients in segments such as banking & capital markets, insurance, travel & hospitality, hi-tech manufacturing, telecom and healthcare.^{[citation needed]}

Wipro divisions[link]

The group companies of Wipro Limited.

• Wipro Consumer Care & Lighting (WCCLG):- It has a profitable presence in the branded retail market of toilet soaps, hair care soaps, baby care products and lighting products. WCCLG is also a leader^{[clarification needed]} in institutional lighting in specified segments like software, pharma and retail.

• Wipro Infrastructure Engineering:- It is generally known for manufactures precision-engineered hydraulic cylinders and truck hydraulic solutions for the infrastructure and related industries. It the second largest independent Hydraulic Cylinder manufacturer in the world.

• Wipro GE Medical Systems Limited:- It is a Joint venture between Wipro Limited and General Electric basically delivering what it calls "quality solutions that effectively meet the needs of customers and patients". Its products and services range from diagnostics to IT, helping healthcare professionals combat cancer, heart disease and other ailments.^{[citation needed]}

See also[link]

• List of software companies in India
• Fortune India 500
• List of companies of India

References[link]

External links[link]

Wikimedia Commons has media related to: Wipro

• Official website
• Wipro Consumer Care and Lighting
• Wipro Infrastructure Engineering
• Wipro GE Medical Systems Limited
• Wipro at Wikinvest

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