Wipro
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| Type | Public |
|---|---|
| Traded as | BSE: 507685 NSE: WIPRO NYSE: WIT |
| 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$ 6.964 billion (2011)[1] |
| Operating income | US$ 1.293 billion (2011)[1] |
| Profit | US$ 1.196 billion (2011)[1] |
| Total assets | US$ 8.329 billion (2011)[1] |
| Total equity | US$ 5.375 billion (2011)[1] |
| Employees | 136,734 (Q3 2011)[2] |
| Divisions | Wipro Consumer Care & Lighting Wipro Infrastructure Engineering Wipro GE Medical Systems Limited |
| Website | www.wipro.com |
Wipro Limited (formerly Western India Products Limited) (BSE: 507685, NSE: WIPRO, NYSE: WIT) is a 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 and employs more than 136,734 people worldwide as of December 2011.[2] 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.[3]
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History
The company was established in 1980 as a subsidiary of Wipro (Western India Products) Limited listed on the 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).[4][5] The company logo still contains a sunflower to reflect their original business. 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. Wipro marketed the first indigenous homemade PC from India in 1985.
In 1966 Azim Premji, still the majority shareholder as the chairman of the company at the age of 21 and with the passage of time transformed it into one of the largest IT outsourcing services provider of the world. [6]
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.[7]
Wipro won the Golden Peacock Innovative Service Award[8] 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.[9]
Wipro was awarded the India Manufacturing Excellence Award for its factory in Pondicherry in the large enterprises category by Frost & Sullivan.[10]
Wipro was awarded the prestigious ASTD BEST Awards for 2005 by the American Society of Training and Development.[11]
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.[12]
Wipro was ranked 37 in The Brand Trust Report among the most trusted brands in India.
Wipro BPO
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 Curitiba 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.
Wipro divisions
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 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 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.
See also
References
- ^ a b c d e "Wipro". Yahoo. http://finance.yahoo.com/q/is?s=WIT+Income+Statement&annual.
- ^ a b Qrtr_Results, Dec2010. "Wipro Q3 net up higher-than-expected 10% YoY". Moneycontrol.com. http://www.moneycontrol.com/news/results/wipro-q3-nethigher-than-expected-12-yoy-stock3_654544.html. Retrieved 20 January 2012.
- ^ "India's top 10 brands". business.rediff.com. http://business.rediff.com/slide-show/2010/oct/26/slide-show-1-tata-motors-is-indias-top-brand.htm. Retrieved 26 Oct 2010.
- ^ Brand Wipro
- ^ Wipro > Company History > Computers - Software > Company History of Wipro - BSE: 507685, NSE: WIPRO
- ^ "What is the history of WIPRO". http://www.blurtit.com/q558243.html. Retrieved 2011-03-24.
- ^ Wipro - first Indian software services provider to be assessed at SEI L5
- ^ Golden Peacock Innovative Service Award
- ^ [1]
- ^ [2]
- ^ [3]
- ^ [4]
External links
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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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