Last Updated on January 30, 2024 by BFSLTeam BFSLTeam
Wipro Ltd. began as a modest vegetable oil manufacturer in 1945. Today, it stands as a global leader, marking its presence in 66 countries, employing over 250,000 individuals, and recording a stunning revenue of USD11.3 billion in FY23. Such a remarkable transformation and consistent showcases Wipro Ltd.’s commitment to excellence, innovation, and client satisfaction.
In this blog, we will explore Wipro Ltd.’s significant history, expansive services, and contributions to the global and Indian markets.
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Table of Content
About Wipro Ltd.
| Aspect | Detail |
| Founder | Mohamed Hasham Premji |
| Industry Type | Information Technology and Consultation |
| Founded Year | 1945 |
| Headquarters | Bengaluru, India |
| Key People | Rishad Premji (Chairman) |
| Parent Company | Wipro Enterprises Pvt. Ltd. |
| Number of Countries | Present in 66 countries worldwide |
| Market Cap | ₹2.12 trillion |
| Total Employees | Over 250,000 |
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Overview of Wipro Ltd.
Established over 75 years ago, the company’s journey from a modest entity to a technological giant is a source of inspiration to many. The revenue of USD 11.3 billion in fiscal year 2023 serves as a testament to its robust global presence and market reputation.
At the heart of Wipro’s success is its relationship with over 1,400 active global clients, showing the company’s commitment to providing exceptional service and solutions. The impressive client roster spans across various industries, indicating Wipro’s expertise and ability to navigate and adapt to diverse market needs.
Wipro is home to more than 250,000 dedicated employees worldwide. This extensive workforce is the backbone of the company, bringing in diverse skills, knowledge, and expertise to ensure consistent growth and innovation. With its footprint in 66 countries, Wipro seamlessly integrates the global with the local, ensuring the delivery of comprehensive solutions that resonate with local market dynamics while maintaining international standards of excellence.
Despite the immense geographical presence, Wipro remains unified in its mission to deliver superior value and excellence to clients and stakeholders. It is this commitment to global delivery and local excellence that distinguishes Wipro from its peers, cementing its position as a global leader in the information technology and consultation domain.
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Wipro Ltd. History
1945: Wipro Ltd. was founded in Amalner, Maharashtra by Mohamed Hasham Premji. Initially, the company was set up as ‘Western India Palm Refined Oils Limited’ and was involved in the production of vegetable and refined oils.
1966: Azim Premji took over the leadership of the company at the young age of 21 after the passing of Mohamed Premji.
1980: Wipro ventured into the IT industry. It began manufacturing mini computers under the technological collaboration with an American company Sentimental Corp.
1982: Wipro started its own manufacturing unit to produce computer hardware, software development and related items, signifying the company’s transition from a food product corporation to a technology-oriented company.
1990: The company expanded its offerings by diversifying into software services, establishing a name in the burgeoning IT sector.
1999: Wipro Ltd. became a publicly traded company, listed on the New York Stock Exchange, ensuring a global footprint in the IT industry.
2002: The company was assessed at Level 5 for CMM (Capability Maturity Model), showcasing its commitment to quality service and operations.
2012: Wipro separated its non-IT businesses and formed a separate company, Wipro Enterprises Limited, to focus more on information technology.
2016: Wipro launched its new brand identity and the tagline ‘Be Digital. Be More’, highlighting its commitment to providing advanced and innovative digital solutions to its clients.
2019: Wipro’s Chairman Azim Premji announced his retirement, and his son Rishad Premji was appointed as the company’s Executive Chairman.
2020: Despite the global challenges posed by the COVID-19 pandemic, Wipro continued to showcase robust performance, further cementing its reputation as a resilient and innovative leader in the IT industry.
2023: The company reported a revenue of USD11.3 billion in the fiscal year, reflecting its continuous growth and substantial market presence.
Major Subsidiaries of Wipro Ltd.
1. Appirio
Appirio holds a prestigious position as a global services company that helps customers create next-generation Worker and Customer Experiences using the latest cloud technologies. As a subsidiary of Wipro Ltd., Appirio’s presence significantly bolsters Wipro’s extensive portfolio by providing advanced cloud solutions and facilitating enhanced customer experiences.
2. Topcoder
Topcoder, a Wipro subsidiary, stands at the forefront of technological innovation by harnessing the power of crowdsourcing. The platform connects businesses with a global community of designers, developers, data scientists, and testers, enabling them to get their work done in a faster, more efficient, and cost-effective manner. Topcoder enhances Wipro’s ability to offer comprehensive and cutting-edge solutions to its clients by leveraging global talent.
3. Capco
Capco, another eminent subsidiary of Wipro Ltd., is a global management and technology consultancy dedicated to the financial services industry. This addition to the Wipro family significantly enhances the company’s presence and capabilities in the financial services industry, offering exceptional management and technological consulting solutions and ensuring robust and comprehensive service delivery to clients across the sector.
4. Designit
Last but not least, Designit, a strategic design firm, further diversifies the expansive portfolio of Wipro Ltd. This subsidiary focuses on delivering strategic design, product and service design, and organisational change, thereby ensuring that Wipro’s clientele benefits from world-class design solutions and insights that contribute to their business growth and efficiency.
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Major Acquisitions by Wipro Ltd.
International TechneGroup Incorporated (ITI)
Wipro Ltd.’s acquisition of International TechneGroup Incorporated (ITI) significantly strengthened its capabilities in manufacturing and Product Lifecycle Management (PLM). Founded in 1983, ITI has been a leader in providing advanced computer-aided design (CAD) and product data exchange solutions. These solutions play a fundamental role in analysing product designs and enhancing manufacturing processes. One of ITI’s key products is CADfix, used worldwide for CAD model translation, repair, and simplification, and Proficiency, a renowned feature-based CAD interoperability solution. In 1998, ITI made a strategic acquisition of MechSoft.com, Inc., reinforcing its position in the industry.
4C
4C’s acquisition marked a significant extension of Wipro Ltd.’s services in the Salesforce domain. Based in the Europe, Middle East, and Africa region, 4C is well-known for transforming businesses by integrating innovative Salesforce solutions and offering tailored Cloud and Data Services. Founded in 1997, 4C’s journey has been marked by the successful delivery of over 1500 projects, manifesting its extensive expertise and consistent focus on customer satisfaction. An interesting aspect of 4C is its exclusive 4C University, a dedicated platform offering comprehensive Salesforce training to clients, ensuring the optimal and effective use of Salesforce solutions in diverse business contexts.
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Products/Brands under Wipro Ltd.
1. Wipro Smart Lighting
Wipro Smart Lighting is an intelligent lighting solution that is revolutionising the way you illuminate your spaces. It offers a connected and interactive lighting environment, ensuring ease and efficiency. The smart lights come with an app that allows you to control the lights through your smartphone. Change the light’s colour, set schedules, and adjust the brightness to your liking without any hassle. What makes Wipro Smart Lighting stand out is its compatibility with virtual assistants like Alexa and Google Assistant. This feature enables you to control your lighting through simple voice commands, offering unmatched convenience and adaptability.
2. Wipro Cloud Services
Wipro Cloud Services epitomises state-of-the-art cloud solutions, ensuring that businesses have the tools and support needed for a seamless transition to cloud platforms. The services offered include comprehensive cloud strategy, migration, management, and operations support, enabling businesses to fully harness the power and potential of cloud computing. Wipro’s Cloud Services have played a significant role in enhancing the agility and efficiency of enterprises, marking a profound impact on operational excellence. Beyond facilitating cloud adoption, Wipro Cloud Services ensures that businesses can optimise their cloud investments, offering innovative and reliable solutions for cloud management and operations.
3. Wipro Cybersecurity & Risk Services
In the contemporary world where digital threats are escalating, Wipro Cybersecurity & Risk Services emerge as a robust barrier, offering top-notch protection and risk management solutions for businesses. These services cover a vast spectrum, including security analytics, identity management, and security operation centre services. Recognised for their comprehensive and innovative approach, Wipro’s Cybersecurity & Risk Services provide clients with a multi-layered defence strategy against a wide array of cyber threats.
4. Wipro Health & Wellness Products
Wipro Health & Wellness Products embody Wipro’s commitment to promoting a healthy and balanced lifestyle. The range includes a variety of products designed to enhance the quality of life, with a focus on nutrition, hygiene, and overall well-being. Each product is crafted to support diverse health and wellness goals, ensuring you have access to quality, safety, and efficacy in every product. Wipro’s extensive range of health and wellness products aligns with global standards, reinforcing the company’s position as a leader in promoting overall wellness and health.
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Conclusion
Wipro Ltd. holds a significant position in the global IT landscape. The company’s major acquisitions and diverse subsidiaries highlight its expansive reach and commitment to innovation. Products like Wipro Smart Lighting and Wipro Digital emphasise their role in technological advancement. As you navigate the world of technology, consider Wipro Ltd. for reliable, advanced, and comprehensive solutions, reinforcing your journey towards a technologically progressive future.
