Wipro Limited

Headquarters atSarjapura Road,Bengaluru
Trade name	Wipro
Formerly	Western India Vegetable Products Limited (1945–1977) Wipro Products Limited (1977–1982)
Company type	Public
Traded as	BSE: 507685 NSE: WIPRO NYSE: WIT NSE NIFTY 50 constituent
ISIN	INE075A01022
Industry	Information technology Consulting Outsourcing
Founded	29 December 1945; 79 years ago (29 December 1945)
Founder	MH Hasham Premji
Headquarters	Bengaluru,Karnataka , India
Area served	Worldwide
Key people	Rishad Premji (Executive chairman) Srini Pallia (CEO)
Services	Information technology Consulting Outsourcing
Revenue	₹92,972 crore (US$11 billion) (2025)
Operating income	₹17,495 crore (US$2.1 billion) (2025)
Net income	₹13,218 crore (US$1.6 billion) (2025)
Total assets	₹128,185 crore (US$15 billion) (2025)
Total equity	₹82,577 crore (US$9.8 billion) (2025)
Owner	Azim Premji (72.67%)[1]
Number of employees	233,346 (March 2025)[2]
Subsidiaries	Capco Designit Appirio Topcoder
Website	www.wipro.com
Footnotes / references Financials as of 31 March 2025[update].[3]

Wipro Limited (/ˈwɪproʊ/ ^ⓘ) is an Indianmultinational technology company based inBengaluru. It providesinformation technology,consulting andbusiness process services, and is one of India'sBig Six IT services companies. Wipro's services includecloud computing,computer security,digital transformation,artificial intelligence,robotics,data analytics, and other technologies.^[4]

The company was incorporated on 29 December 1945 inAmalner by MH Hasham Premji asWestern India Vegetable Products Limited, a manufacturer ofcooking oils.^[5][6][7] In 1966, after Hasham Premji's death, his sonAzim Premji took over aschairperson at age 21.^[8]

The company changed its name toWipro Products Limited in 1977, followed by Wipro Limited, asyllabic abbreviation of the original name, in 1982.^[6]

In the 1980s, recognizing opportunities in computer hardware and software, the company established subsidiaries Wipro Infotech and Wipro Systems. In 1981, Wipro developed the first Indianminicomputer based on theIntel 8086 chip in anIISc lab.^[9][10] The software division began in 1984 with the development of aspreadsheet andword-processing suite but shifted tooffshore software development in 1990.^[11]

By the mid-1990s, Wipro had become one of India's leading manufacturers ofpersonal computers,peripherals, and medical diagnostic equipment.^[12] In 1998, the company reported being the second-largest software exporter from India,^[13] and gradually increased its focus on the higher-margin software services business which accounted for the vast majority of its profits.^[14]

During thedot-com boom of the early 2000s, Wipro became the largest company in India bymarket capitalization, reaching a value three times that of the next largest listed company,Infosys. Consequently, Wipro's majority shareholder Azim Premji was therichest Indian for five consecutive years.^[15][16]

In 2004, Wipro became the second listedIndian IT company to report annual revenues exceeding US$1 billion.^[17] By 2006, approximately 30% of its total revenue came fromproduct engineering R&D services.^[18]

In 2007, Wipro introduced a line ofsupercomputers known asWipro Supernova.^[19] In 2011, Wipro, in collaboration with theIndian Space Research Organisation (ISRO), developed India's then-fastest supercomputer,SAGA-220, which was deployed at theVikram Sarabhai Space Centre.^[20][21]

In 2012, Wiprodemerged its non-IT businesses into a new private company namedWipro Enterprises.^[22] Prior to this demerger, these businesses—primarily in consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics—accounted for about 14% of Wipro's total revenues.^[23]

In 2014, Wipro set up itsdesign andmobility services business division called Wipro Digital.^[24] In 2015, Wipro established itsstrategic investment arm–Wipro Ventures–to invest in early- and mid-stageenterprise software startups andventure capital funds in the US, India and Israel.^[25][26]

In 2021, Wipro reported that a third of its workforce was engaged incloud projects, and announced a $1 billion investment in its FullStride Cloud Services vertical.^[27]

Wipro serves clients in industries such as financial services, healthcare, manufacturing, retail, and telecommunications. As of 2025, its service offerings are divided under four global business lines (GBLs), each having different leaders:^[28][29]

• Wipro Technology Services: IT services incloud,cybersecurity,data analytics,artificial intelligence,enterprise applications, anddesign, among other domains.
• Wipro Consulting Services: Strategy advisory andbusiness consulting services.
• Wipro Engineering Edge: Engineering, research and development (ER&D) services forsemiconductors andembedded systems,software-defined systems,Industry 4.0, andcommunications, among others.
• Wipro Business Process Services:Business process management (BPM) services.

Wipro's equity shares have been listed onBombay Stock Exchange since 1946 and theNational Stock Exchange of India where it is a constituent of theNIFTY 50. TheAmerican Depositary Shares of the company are listed on theNew York Stock Exchange (NYSE) since October 2000.^[54]

As of 2025, the promoter group headed byAzim Premji held a 72.67% stake in the company, while the remaining shares were withpublic shareholders and anemployee trust.^[55] Since 2019, proceeds from the promoter group's 67% stake have been directed to the philanthropic activities of Azim Premji Foundation.^[56][57]

As of March 2024, Wipro had 234,054 employees from 146 nationalities, out of which 36.6% were women. It had 26 offices in India and 58 offices in overseas locations.^[58]

List of CEOs since 1981:^[59]

• Wipro, as a member of theElectronic City Industries Association, partly funded the construction of the 9-kmElectronic City Elevated Expressway in Bangalore which opened in 2010.^[67]

• Wipro has been the title sponsor of theSan Francisco Marathon,^[68]Chennai Marathon,^[69] andBengaluru Marathon at different times.^[70]

In December 2009, Wipro discovered that a junior employee had embezzled $4 million from the company, prompting an investigation by theUS Securities and Exchange Commission (SEC) into the company's internal financial controls. In December 2016, Wipro settled the case by paying a $5 million penalty, without admitting or denying SEC's allegations that its controls were deficient.^[71][72]

In 2020, five former employees in the US filed a class-action lawsuit in a New Jersey court accusing Wipro ofemployment discrimination against individuals who were not ofSouth Asian or Indian origin, alleging that more than 80% of the company's 14,000 employees in the US were of South Asian origin.^[73]

In February 2023, Wipro faced criticism for reducing the annual salary package offered to around 4,000 graduate hires by nearly 50%. Wipro stated that the original offers stood and the optional revised offers provided an opportunity to join the company immediately.^[74][75]

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• Wipro
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