Wipro
Wipro
Wipro
Wipro
Wipro Limited
"Applying Thought". Type Traded as Public company [1] BSE:507685 [2] NSE:WIPRO [3] NYSE:WIT BSE SENSEX Constituent IT services, IT consulting Amalner, Maharashtra (December 1945) Azim Hashim Premji Doddakannelli, Sarjapur Road, Bangalore, Karnataka, India Worldwide Azim Premji (Chairman) IT, business consulting and outsourcing services US$7.95 billion (2013) US$1.28 billion (2013) US$1.22 billion (2013) US$8.08 billion (2013) US$5.21 billion (2013) 147,281 (June 2013) www.wipro.com [4]
Services Revenue Operating income Profit Total assets Total equity Employees Website
Wipro Limited (formerly Western India Products Limited) (NYSE:WIT [3], BSE:507685 [1]) is an Indian multinational information technology (IT) consulting and outsourcing service company located in Bangalore, Karnataka in India. As of March 2013, the company has 145,000 employees serving over 900 clients with a presence in 57 countries. Wipro is the third largest IT services company in India. Its subsidiary, Wipro Enterprises Ltd., offers consumer care, lighting, healthcare, and infrastructure engineering.
History
Early formative years
The company was incorporated on 29 December 1945, in Mumbai by Mohamed Hasham Premji as Western India Vegetables Products Limited, later abbreviated to Wipro. It was initially set up as a manufacturer of vegetable ghee, vanaspati, and refined oils in Amalner, Dist:Jalgaon, Maharashtra, under the trade names of Kisan, Sunflower and Camel. The company logo still contains a sunflower to reflect products of the original business. In 1966, after Mohamed Premjis death, his son Azim Premji returned home from Stanford University and took over Wipro as its chairman at the age of 21. Wipro became a more profitable, diversified corporation with new products such as the Wipro SuperGenius personal computers (PCs). In 1999, the product was the one Indian PC range to obtain US-based National Software Testing Laboratory (NSTL) certification for the Year 2000 (Y2K) compliance in
Wipro hardware for all models. Azim Premji is a major shareholder in Wipro. During the 1970s and 1980s, the company shifted its focus to new business opportunities in the IT and computing industry, which was at a nascent stage in India at the time. On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited., to Wipro Products Limited. The year 1980 marked the arrival of Wipro in the IT domain. In 1982, the name was changed from Wipro Products Limited to Wipro Limited Meanwhile Wipro continued to expand in the consumer products domain with the launch of "Ralak" a tulsi-based family soap and "Wipro Jasmine", a toilet soap.
19881992
In 1988 Wipro diversified its product line into heavy-duty industrial cylinders and mobile hydraulic cylinders. A joint venture company with the United States' General Electric in the name of Wipro GE Medical Systems Pvt. Ltd. was set up in 1989 for the manufacture, sales, and service of diagnostic and imaging products. Later, in 1991, tipping systems and Eaton hydraulic products were launched. The Wipro Fluid Power division, in 1992, developed expertise to offer standard hydraulic cylinders for construction equipment and truck tipping systems. The market saw the launch of the "Santoor" talcum powder and "Wipro Baby Soft" range of baby toiletries in 1990.
19942000
In 1994 Wipro set up an overseas design centre, Odyssey 21, for undertaking projects and product developments in advanced technologies for overseas clients. Wipro Infotech and Wipro Systems were amalgamated with Wipro in April that year. Five of Wipro's manufacturing and development facilities secured the ISO 9001 certification during 199495. In 1999, Wipro acquired Wipro Acer. Wipro SuperGenius personal computers (PCs) became the only Indian PC range to obtain the US-based National Software Testing Laboratory's (NSTL) Certification for Year 2000 (Y2K) compliance. Wipro Limited joined hands with a global telecom major KPN (Royal Dutch telecom) to form a joint venture company Wipro Net Limited to provide internet services in India. The year 2000 was the year Wipro launched solutions for convergent networks targeted at Internet and telecom solution providers in the names of Wipro OSS Smart and Wipro WAP Smart. In the same year, Wipro got listed on New York Stock Exchange.
2001present
In February 2002, Wipro became the first software technology and services company in India to be certified for ISO 14001 certification. Wipro also achieved ISO 9000 certification to become the first software company to get SEI CMM Level 5 in 2002. Wipro Consumer Care and Lighting Group entered the market of compact fluorescent lamps, with the launch of a range of CFL, under the brand name of Wipro Smartlite. As the company grew, a study revealed that Wipro was the fastest wealth creator for 5 years (19972002). The same year witnessed the launch of Wipros own laptops with Intel's Centrino mobile processor. Wipro also entered into an exclusive agreement with the owners of Chandrika for marketing of their soap in select states in India. It set up a wholly owned subsidiary company viz. Wipro Consumer Care Limited to manufacture consumer care and lighting products. In 2004 Wipro joined the billion dollar club. It also partnered with Intel for i-shiksha. The year 2006 saw Wipro acquire cMango Inc., a US-based technology infrastructure Consulting firm Enabler, and a Europe based retail solutions provider. In 2007, Wipro inked a large deal with Lockheed Martin. It also entered into a definitive agreement to acquire Oki Techno Centre Singapore Pte Ltd (OTCS) and signed an R&D partnership contract with Nokia Siemens Networks in Germany. The year 2008 saw Wipros foray into the clean energy business with Wipro Eco Energy. In April 2011, Wipro signed an agreement with Science Applications International Corporation (SAIC) for the acquisition of their global oil and gas information technology practice of the commercial business services business unit. The year 2012 saw Wipro make its 17th acquisition in IT business when it acquired Australian analytics product firm Promax Applications Group (PAG) for $35 million. Wipro is the No. 1 employer of H-1B visa professionals in the United
Wipro States in 2012. In 2012 Wipro Ltd. announced the demerger of its Consumer Care & Lighting (incl. Furniture business), Infrastructure Engineering (Hydraulics & Water business), and Medical Diagnostic Product & Services business into a separate company to be named Wipro Enterprises Ltd. Wipro's scheme of arrangement for demerger turned effective from 31 March 2013.
Wipro
Governance
Chairman: Azim.H.Premji Chief executive officer: T K Kurien IT Business and Executive Director Chief financial officer: Suresh Senapaty CFO and Executive Director Chief Operations Officer: Bhanumurthy Ballapuram
Sustainability at Wipro
Wipros approach to sustainability is structured on enabling itself, as an organisation, and its customers to be more ecologically sustainable. It is driven by issues considered important to employees, India current and future generations, customers, investors, suppliers, and the community as a whole. Wipro has been ranked 1st in the 2010 Asian Sustainability Rating (ASRTM) of Indian companies and is a member of the NASDAQ Global Sustainability Index as well as the Dow Jones Sustainability Index. In November 2012 Guide to Greener Electronics, Greenpeace ranked Wipro first with a score of 7.1/10.
Gallery
WIPRO BPO (Hyderabad location )
References
[1] [2] [3] [4] http:/ / www. bseindia. com/ bseplus/ StockReach/ AdvanceStockReach. aspx?scripcode=507685 http:/ / www. nseindia. com/ marketinfo/ companyinfo/ companysearch. jsp?cons=WIPRO& section=7 http:/ / www. nyse. com/ about/ listed/ lcddata. html?ticker=wit http:/ / www. wipro. com
http:/ / www. waseians. com - a hub for wipro WASEians (http:/ / www. waseians. com) - provides all the details of wipro WASE program and WASEians experiences.
External links
Official website (http://www.wipro.com) ( Mobile (http://m.wipro.com)) Wipro's channel (https://www.youtube.com/user/Wiprovideos) on YouTube Wipro (http://www.crunchbase.com/company/wipro) at CrunchBase Wipro at Wikinvest Wipro Customer Care (http://www.theopenhub.com/wipro-customer-care-number-toll-free-support.html)
Business data Wipro Limited (https://www.google.com/finance?q=WIT) at Google Finance Wipro Limited (http://finance.yahoo.com/q?s=WIT) at Yahoo! Finance Wipro Limited (http://www.hoovers.com//--ID__10796--/free-co-factsheet.xhtml) at Hoover's
Wipro Wipro Limited (http://www.reuters.com/finance/stocks/overview?symbol=WIT) at Reuters Wipro Limited (http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1123799) SEC filings at the Securities and Exchange Commission
License
Creative Commons Attribution-Share Alike 3.0 //creativecommons.org/licenses/by-sa/3.0/