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{{Infobox company|
{{Infobox Company
company_name = Wipro Limited |
|company_name = Wipro Technologies Limited
company_logo =[[Image:Wipro Logo.jpg|200px|Wipro logo]]|
|company_logo = [[Image:Wipro Logo.jpg|200px|Wipro logo]]
company_type = [[Public company|Public]]</br> {{BSE|507685}}</br>{{NYSE|WIT}} |
|company_type = [[Public company|Public]]</br> {{BSE|507685}}</br>{{NYSE|WIT}}
foundation = 1945 |
|foundation = 1945
founder = [[M. H. Premji]]
|founder = M. H. Premji
| location = [[Bangalore]], [[Karnataka]], [[India]] |
|location = [[Bangalore]], [[Karnataka]], [[India]]
slogan = Applying Thoughts |
|slogan = "Applying Thoughts".
key_people = '''[[Azim Premji]]''', [[Chairman]] <br>'''Girish Paranjpye''', joint [[CEO]] <br>'''[[Suresh Vaswani]]''', joint [[CEO]] <br>'''SA Sudarshan'''
|key_people = '''[[Azim Premji]]''', [[Chairman]] <br>'''Girish Paranjpye''', joint [[CEO]] <br>'''[[Suresh Vaswani]]''', joint [[CEO]] <br>'''SA Sudarshan'''
| num_employees = 98,391 (As on 27 October, 2009)<ref>{{cite web|url=http://www.wipro.com/corporate/investors/pdf-files/ifrs_pressrelease-Q2-FY09_10.pdf|title=WIPRO quater results-Sep 2009|accessdate=2009-10-29}}</ref> |
|num_employees = 98,391 <small>(As on 27 October, 2009)</small><ref>{{cite web|url=http://www.wipro.com/corporate/investors/pdf-files/ifrs_pressrelease-Q2-FY09_10.pdf|title=WIPRO quater results-Sep 2009|accessdate=2009-10-29}}</ref>
industry = [[IT Services]],
|industry = [[IT Services]]
| services = [[IT Consulting]]<br />[[Business Process Outsourcing]]<br />Product Engineering Solutions<br />Technology Infrastructure Services
|services = [[IT Consulting]]<br />[[Business Process Outsourcing]]<br />Product Engineering Solutions<br />Technology Infrastructure Services
| revenue = {{Loss}} [[United States dollar|US$]] 4.98 billion (''2009'')<ref name="Hindu">{{cite web|url=http://www.thehindu.com/2009/04/23/stories/2009042352811600.htm|title=Wipro net up at Rs. 3,899 crore|last=Sridhar|first=V|date=April 23, 2009|publisher=The Hindu|accessdate=2009-08-14}}</ref>|
|revenue = {{Loss}} [[United States dollar|US$]] 4.98 billion <small>(2009)</small><ref name="Hindu">{{cite web|url=http://www.thehindu.com/2009/04/23/stories/2009042352811600.htm|title=Wipro net up at Rs. 3,899 crore|last=Sridhar|first=V|date=April 23, 2009|publisher=The Hindu|accessdate=2009-08-14}}</ref>|
|net_income = {{Loss}} [[United States dollar|US$]] 0.82 billion (''2009'')
|net_income = {{Loss}} [[United States dollar|US$]] 0.82 billion <small>(2009)</small>
|assets = {{Loss}} [[United States dollar|US$]] 5.38 billion (''2009'')
|assets = {{Loss}} [[United States dollar|US$]] 5.38 billion <small>(2009)</small>
|homepage = [http://www.wipro.com/index.aspx Wipro.com]
|homepage = [http://www.wipro.com/index.aspx Wipro.com]
}}
}}


'''Wipro Limited''' is a $5 billion [[India]]n conglomerate. According to the 2008-09 revenue, Wipro is the second largest IT company in India. Wipro Ltd has interests varying from [[information technology]], [[Customer service|consumer care]], [[lighting]], [[engineering]] and [[healthcare]] businesses. [[Azim Premji]] is the Chairman of the board.
'''Wipro Technologies Limited''' is a information technology services company headquartered in [[Bangalore]], [[India]]. Wipro is the third-largest IT services company in India. It has interests varying from [[information technology]], [[Customer service|consumer care]], [[lighting]], [[engineering]] and [[healthcare]] businesses. [[Azim Premji]] is the Chairman of the board.


== History ==
== History ==

Revision as of 13:10, 27 November 2009

Wipro Technologies Limited
Company typePublic
BSE: 507685
NYSE: WIT
IndustryIT Services
Founded1945
FounderM. H. Premji
HeadquartersBangalore, Karnataka, India
Key people
Azim Premji, Chairman
Girish Paranjpye, joint CEO
Suresh Vaswani, joint CEO
SA Sudarshan
ServicesIT Consulting
Business Process Outsourcing
Product Engineering Solutions
Technology Infrastructure Services
RevenueDecrease US$ 4.98 billion (2009)[1]
Decrease US$ 0.82 billion (2009)
Total assetsDecrease US$ 5.38 billion (2009)
Number of employees
98,391 (As on 27 October, 2009)[2]
WebsiteWipro.com

Wipro Technologies Limited is a information technology services company headquartered in Bangalore, India. Wipro is the third-largest IT services company in India. It has interests varying from information technology, consumer care, lighting, engineering and healthcare businesses. Azim Premji is the Chairman of the board.

History

Wipro (Western India Palm Refined Oils) started as a vegetable oil trading company in 1947 from an old mill at Amalner, Maharashtra, India founded by Azim Premji's father. When his father died in 1966 Azim, a graduate in Electrical Engineering from Stanford University, took on the leadership of the company at the age 21. He repositioned it and transformed Wipro (Western India Vegetable Products Ltd) into a consumer goods company that produced hydrogenated cooking oils/fat company, laundry soap, wax and tin containers and later set up Wipro Fluid Power to manufacture hydraulic and pneumatic cylinders in 1975. At that time, it was valued at $2 million[citation needed].

In 1977, when IBM was asked to leave India, Wipro entered the information technology sector. In 1979, Wipro began developing its own computers and in 1981, started selling the finished product. This was the first in a string of products that would make Wipro one of India's first computer makers[3]. The company licensed technology from Sentinel Computers in the United States and began building India's first mini-computers[4]. Wipro hired managers who were computer savvy, and strong on business experience.. [citation needed]

In 1980 Wipro moved into software development and started developing customized software packages for their hardware customers. This expanded their IT business and subsequently developed the first Indian 8086 chip[5].

Since 1992 Wipro began to grow its roots off shore in United States and by 2000 Wipro Ltd ADRs were listed on the New York Stock Exchange[6][unreliable source?].

The company's revenue grew by 450% from 2002 to 2007. This success has led to higher salaries (wages have been growing by more than 14% per year since 2005), which puts pressure on the company's margins.[7]

Wipro Technologies deals in following businesses

  • IT Services: Wipro provides complete range of IT Services to the organization. The range of services extends from Enterprise Application Services (CRM, ERP, e-Procurement and SCM) to e-Business solutions. Wipro's enterprise solutions serve a host of industries such as Energy and Utilities, Finance, Telecom, and Media and Entertainment.
  • Product Engineering Solutions: Wipro is the largest independent provider of R&D services in the world. Using "Extended Engineering" model for leveraging R&D investment and accessing new knowledge and experience across the globe, people and technical infrastructure, Wipro enables firms to introduce new products rapidly.
  • Technology Infrastructure Service: Wipro's Technology Infrastructure Services (TIS) is the largest Indian IT infrastructure service provider in terms of revenue, people and customers with more than 200 customers in US, Europe, Japan and over 650 customers in India.
  • Business Process Outsourcing: Wipro provides business process outsourcing services in areas Finance & Accounting, Procurement, HR Services, Loyalty Services and Knowledge Services. In 2002, Wipro acquiring Spectramind and became one of the largest BPO service players.
  • Consulting Services: Wipro offers services in Business Consulting, Process Consulting, Quality Consulting, and Technology Consulting.[8]

Wipro's Sister Concerns (Business Units)

  • Wipro Infrastructure Engineering: It has emerged as the leader in the hydraulic cylinders and truck tipping systems market in India[citation needed].
  • Wipro Infotech: It is one of the leading manufacturers of computer hardware[citation needed] and a provider of systems integration and infrastructure services in India.Wipro Infotech is more focussed on the manpower services and is not at the cutting edge of technology[citation needed].
  • Wipro Lighting: It manufactures and markets the Wipro brand of luminaries. Wipro Lighting offers lighting solutions across various application areas such as commercial lighting for modern work spaces, manufacturing and pharmaceutical companies, designer petrol pumps and outdoor architecture.[8]

Timeline

  • 1945 - Incorporation as Western India Vegetable Products Limited[9]
  • 1947 - Establishment of an oil mill at Amalner, Maharashtra, India
  • 1960 - Manufacture of laundry soap 787 at Amalner
  • 1970 - Manufacture of Bakery Shortening Vanaspati at Amalner
  • 1975 - Diversification into engineering and manufacture of hydraulic cylinders as WINTROL (now called Wipro Fluid Power) division in Bangalore.
  • 1977 - Name of the Company changed to Wipro Products Limited
  • 1980 - Diversification into Information Technology
  • 1990 - Incorporation of Wipro-GE medical systems
  • 1992 - Going global with global IT services division
  • 1993 - Business innovation award for offshore development[citation needed]
  • 1995 - Wipro gets ISO 9001 quality certification[10], re-certified twice for mature processes
  • 1997 - Wipro gets SEI CMM level 3 certification, enterprise wide processes defined[citation needed]
    • Start of the Six Sigma initiative, defects prevention practices initiated at project level.[11]
  • 1998 - Wipro first software services company in the world to get SEI CMM level 5[5]
  • 1999 - Wipro's market capitalization is the highest in India[citation needed]
  • 2000 - Start of the Six Sigma initiative, defects prevention practices initiated at project level. Wipro listed on New York Stock Exchange.[12]
  • 2001 - First Indian company to achieve the "TL9000 certification" for industry specific quality standards[citation needed].
    • Wipro acquires American Management Systems’ global energy practice.[citation needed]
    • Becomes world's first PCMM Level 5 company.[13]
    • Premji established Azim Premji Foundation, a not-for-profit organization for elementary education.
    • Wipro becomes only Indian company featured in Business Week’s 100 best-performing technology companies.[citation needed]
  • 2002
    • World’s first CMMi ver 1.1 Level 5 company.[14]
    • Wipro acquires Spectramind.[10]
    • Ranked the 7th software services company in the world by BusinessWeek (Infotech 100, November 2002)[verification needed].
  • 2003
    • Wipro acquires Nervewire.[10]
    • Wipro Technologies Wins Prestigious IEEE Award for Software Process Excellence[citation needed]
    • Wipro Technologies awarded prestigious ITSMA award for services marketing excellence[citation needed]
    • Wipro wins the 2003 Asian Most Admired Knowledge Enterprise Award.[citation needed]
  • 2004
    • Crossed the $1 Billion mark in annualized revenues.[citation needed]
    • Wipro launches India’s first RFID enabled apparel store[citation needed].
    • Wipro Technologies named Asian Most Admired Knowledge Enterprise second year in a row[citation needed].
    • IDC rates Wipro as the leader among worldwide offshore service providers[15]
  • 2005 - Wipro acquires mPower to enter payments space[clarification needed] and also acquires European System on Chip (SoC) design firm NewLogic
  • 2006 - Wipro acquires Enabler to enter Niche Retail market
  • 2007 - Wipro acquires US's Infocrossing for 600mn.[16].
  • 2008 - Wipro acquires Gallagher Financial Systems[citation needed] to enter mortgage loan origination space.
  • 2009
    • Wipro stops Connectivity IP and closes NewLogic Sophia-Antipolis R&D center[17].
    • Wipro buys some Yardley businesses for $45.5 million.[18].

See also

References

  1. ^ Sridhar, V (April 23, 2009). "Wipro net up at Rs. 3,899 crore". The Hindu. Retrieved 2009-08-14.
  2. ^ "WIPRO quater results-Sep 2009" (PDF). Retrieved 2009-10-29.
  3. ^ "Hoover's Profile: Wipro Technologies". Answers.com. Retrieved 2009-01-13.
  4. ^ Singh, Abhay (2004-08-24). "Indian tech firms go 'upstream'". INTERNATIONAL HERALD TRIBUNE. Retrieved 2009-01-13. {{cite web}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  5. ^ a b "ZDNet Asia Top Tech 50". ZDNet Asia. Retrieved 2009-01-13.
  6. ^ "Wipro Limited". NYSE Euronext. Retrieved 2009-01-13. {{cite web}}: Check date values in: |date= (help)
  7. ^ Siddiqui, Sabrina. "Indian Outsourcing Has Peaked". Business Week (Debate Room). Retrieved 2009-03-23. {{cite web}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  8. ^ a b "Wipro Technologies". ILoveIndia.com. July 21, 2007. Retrieved 2009-02-24.
  9. ^ "Wipro - The Journey". Wipro. Retrieved 2009-08-20.
  10. ^ a b c "Company History - Wipro". moneycontrol.com. Retrieved 2008-12-31.
  11. ^ Phadnis, Chitra (July 2). "Wipro betting on quality to compete". The Hindu Business Line. Retrieved 2009-01-13. {{cite web}}: Check date values in: |date= (help)
  12. ^ "Wipro Faqs".
  13. ^ "Wipro gets PCMM certification". The Hindu Business Line. Retrieved 2009-01-13.
  14. ^ "Wipro Technologies is World's First CMMi Level 5 Ver 1.1 Organization". Business Wire. May 30, 2002. Retrieved 2008-12-31.
  15. ^ "IDC rates Wipro as the leader". The Times of India. August 16, 2004. Retrieved 2008-12-31.
  16. ^ "Wipro acquires US's Infocrossing for 600mn". August 6, 2007. Retrieved 2009-11-15.
  17. ^ "Wipro-NewLogic closes its site in France !". August 7, 2009. Retrieved 2009-08-14.
  18. ^ "Wipro buys some Yardley businesses for $45.5 million !". November 6, 2009. Retrieved 2009-11-15.


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