Wipro: Introductory
Slide
Wipro is a leading global information technology, consulting
and business process services company. Founded in 1945,
Wipro has grown to become one of the most respected and
recognized brands in the IT industry.
by Namrata V kuchabal
Our History and Journey
1
1945
Wipro was founded as Western India Vegetable Products
Limited, a manufacturer of hydrogenated cooking fats and
refined oils.
2
1977
The company diversified into the IT business and changed
its name to Wipro Limited.
3
2000s
Wipro became a global IT services leader, expanding its
reach across the world.
Stock Exchange - Today's
Share Price
Exchange Current Price 52-Week Range
NYSE $7.25 $4.80 - $8.10
Well-Known Brands of the Company
Consumer Care
Wipro's consumer care division offers
a range of personal care, health and
wellness products under brands like
Santoor, Chandrika, and Yardley.
IT Services
Wipro's IT services division provides a
comprehensive suite of solutions and
services across various industries and
domains.
Infrastructure Engineering
Wipro's infrastructure engineering
division offers products and services
for the aerospace, industrial, and
mobility sectors.
Market Capitalization
$35 Billion
Wipro's current market
capitalization, reflecting its strong
position in the global IT services
industry.
Top 5 IT Services Company
Wipro is ranked among the top 5 IT
services companies in the world,
demonstrating its global reach and
capabilities.
Steady Growth
Wipro has maintained a consistent
track record of growth, with its
market capitalization steadily
increasing over the years.
Recent Best Awards
Global 100 Most Sustainable Corporations
Recognized as one of the world's most sustainable companies by Corporate Knights.
Prestigious NASSCOM Awards
Honored with multiple NASSCOM awards for excellence in the IT industry.
Top Employer Certifications
Awarded Top Employer certifications in various regions for its employee-centric
practices.
Benchmarks
Industry Leader
Wipro is recognized as a leading IT services provider,
consistently ranking among the top global players.
Innovative Solutions
Wipro's focus on innovation and digital transformation
helps it stay ahead of the competition.
Sustainability Practices
Wipro's commitment to sustainable operations and
environmental responsibility sets it apart in the industry.
Genesia: The Story
of Wipro
Wipro, one of India's leading information technology and consulting
companies, has a rich history that spans decades. Founded in 1945 as a
vegetable oil company, Wipro has evolved into a global technology
powerhouse, offering a wide range of services and solutions to clients
worldwide. From its humble beginnings to its current status as a
diversified conglomerate, the Genesia story of Wipro is one of resilience,
innovation, and a relentless pursuit of excellence.
The Origin of Wipro
1
1945: Founding
Wipro was founded as Western India Vegetable Products
Limited, a company that produced hydrogenated cooking fats
and refined oils. The company was established by Azim
Hasham Premji, who took over the family business at the young
age of 21 after his father's sudden demise.
2
1966: Diversification
Recognizing the need to diversify its operations, Wipro
ventured into the information technology (IT) industry,
establishing a small software division. This marked the
beginning of Wipro's transformation from a traditional
manufacturing company to a leading technology and
consulting firm.
3
1980s: Global Expansion
Wipro expanded its IT services globally, establishing a strong
presence in the United States and Europe. The company's focus
on innovation, quality, and customer satisfaction helped it gain
a reputation as a reliable and trusted partner for international
clients.
Major Milestones in Wipro's
Journey
1
1995: Incorporated as Wipro Limited
Wipro officially changed its name from Western India Vegetable
Products Limited to Wipro Limited, reflecting the company's
transformation into a diversified technology conglomerate.
2
2000: Listing on NYSE
Wipro became the first Indian company to list on the New York Stock
Exchange, a significant milestone that showcased the company's global
ambitions and financial strength.
3
2020: Acquisition of Capco
Wipro acquired Capco, a leading global management and technology
consultancy firm, for $1.45 billion, further strengthening its capabilities
in the financial services sector.
Wipro's Diversified Business Portfolio
Information Technology
Wipro's core business is in the IT
industry, providing a wide range of
services including software
development, system integration, and
IT consulting to clients across the
globe.
Engineering and R&D Services
Wipro offers end-to-end engineering
services, from product design and
development to testing and
maintenance, catering to clients in
various industries.
Business Process Services
Wipro's business process services
division provides outsourced solutions
in areas such as finance and
accounting, human resources, and
customer service.
Wipro's Major Brands
Wipro Consumer Care
Wipro's consumer care division
encompasses a range of
personal care and household
products, including soaps,
shampoos, and lighting
solutions, catering to the
domestic market.
Wipro Enterprises
Wipro Enterprises is the
company's diversified business
division, which includes
interests in infrastructure
engineering, aerospace, and
healthcare sectors.
Wipro Limited
The core Wipro Limited brand encompasses the company's
information technology, consulting, and engineering services, serving
clients globally.
Wipro's Diversified Business
Offerings
Cloud Services
Wipro provides comprehensive cloud
transformation services, helping
clients migrate and manage their
infrastructure and applications on the
cloud.
Cybersecurity
Wipro's cybersecurity solutions
safeguard client data and assets,
offering a range of services from risk
assessment to incident response.
Data & Analytics
Wipro leverages data and analytics to
help clients make informed decisions,
optimize operations, and drive
business growth.
Digital Transformation
Wipro's digital transformation services
empower clients to reimagine their
business models and embrace the
digital future.
Wipro's Latest Updates
1Acquisition of Capco
In 2021, Wipro acquired
Capco, a leading global
management and
technology consultancy
firm, for $1.45 billion,
strengthening its
capabilities in the financial
services sector.
2Partnership with
Google Cloud
Wipro and Google Cloud
announced a strategic
partnership to help
enterprises accelerate their
digital transformation
journeys and leverage the
power of the cloud.
3Sustainability Initiatives
Wipro is committed to sustainability and has set ambitious goals to
reduce its carbon footprint, promote renewable energy, and
contribute to environmental conservation.
Wipro in the News
Legal Challenges
Wipro faced a legal dispute with one
of its clients over a contract
disagreement, leading to a settlement
and resolution of the issue.
Regulatory Compliance
The company was required to adhere
to new data privacy regulations, which
led to the implementation of
enhanced security measures and
policies.
Industry Accolades
Wipro was recognized for its
excellence in customer service and
received industry awards for its
innovative digital solutions.
Wipro's Latest Achievements
PepsiCo Partnership
Wipro and PepsiCo announced a
strategic partnership to drive digital
transformation and enhance
operational efficiency across PepsiCo's
global operations.
Philips Collaboration
Wipro and Philips expanded their long-
standing partnership, with Wipro
providing IT infrastructure and digital
transformation services to Philips
globally.
Fortive Merger
Wipro announced the acquisition of
Capco, a leading global management
and technology consultancy firm, in a
$1.45 billion deal, strengthening its
position in the financial services sector.
Analyzing Wipro's Recent Updates
Legal and Regulatory Challenges Wipro has faced some legal and regulatory hurdles, but the
company has demonstrated its ability to navigate these challenges
and find amicable resolutions.
Strategic Partnerships and Acquisitions Wipro has been actively expanding its capabilities and market reach
through strategic partnerships and acquisitions, such as the Capco
acquisition and the Google Cloud partnership.
Sustainability and Social Responsibility Wipro has taken significant steps towards sustainability and
environmental conservation, showcasing its commitment to
corporate social responsibility.
Industry Recognition and Accolades Wipro's innovative solutions and exceptional customer service have
been recognized by industry leaders, further solidifying its
reputation as a trusted technology partner.
Overall, Wipro's recent updates demonstrate the company's resilience, strategic vision, and commitment to driving growth, innovation, and
positive social impact. The company's diverse portfolio, global footprint, and focus on emerging technologies position it well for continued success
in the rapidly evolving technology landscape.
20 Questions to Test Your
Wipro Knowledge
1Wipro's Founding
In what year was Wipro
founded, and by whom?
2Global Presence
How many countries does
Wipro operate in around the
world?
3Service Offerings
What are some of Wipro's core
service offerings in the IT
industry?
4Industry Expertise
In which industries does Wipro
have a strong foothold?
These are just a few of the 20 to 30 questions you can use to test your
knowledge about Wipro's history, global reach, service portfolio, and industry
expertise. Dive deeper into the company's achievements, thought leadership,
and innovative solutions to truly understand its impact on the technology
landscape.
20 Questions to Test Your Wipro Knowledge
1When was Wipro founded?
1945
2Who founded Wipro?
M.H. Premji
3What did Wipro initially produce?
Western India Vegetable Products Limited, producing cooking oil.
4When did Wipro transition to the IT industry?
The 1980s
5Who is the current CEO of Wipro?
Srini Pallia
6Where are Wipro's headquarters located?
Bangalore, India
7What are Wipro's main services?
Information Technology, Consulting, Business Process Services
8In how many countries does Wipro operate?
167 countries
9What is Wipro's tagline?
"Applying Thought"
10Who succeeded M.H. Premji as Wipro's leader?
Azim Premji, followed by Rishad Premji
11What are Wipro's core values?
Passion for clients' success, respect, integrity, and global responsibility
12What does the Azim Premji Foundation focus on?
Education and improving the quality of primary education in India
13When did Wipro become India's second-largest software exporter?
1998
14What significant change occurred for Wipro in the 2000s?
Achieved significant market capitalization during the dot-com boom
15What sustainability efforts is Wipro involved in?
Initiatives towards a resilient future, including environmental sustainability
16How does Wipro contribute to diversity, equity, and inclusion?
Various initiatives and commitments to creating an inclusive workplace
17What technology is Wipro leading in?
AI, Cloud Computing, Cybersecurity, Digital Transformation
18What are some recent achievements by Wipro in the IT sector?
Continued growth and innovation in IT services
19What was Wipro's revenue in FY24?
₹98,760 crore (US$11 billion)
20Who is the Executive Chairman of Wipro?
Rishad Premji
Wipro's Sustainable Approach to Business
Environmental Stewardship
Wipro has a strong commitment to
environmental sustainability,
implementing eco-friendly practices
such as reducing carbon emissions,
optimizing energy consumption, and
promoting renewable energy sources
across its global operations.
Social Responsibility
The company's corporate social
responsibility initiatives focus on areas
like education, healthcare, and
community development, positively
impacting the lives of millions around
the world.
Ethical Governance
Wipro upholds the highest standards
of corporate governance, ensuring
transparency, accountability, and
ethical business practices that set the
tone for the industry.
By integrating sustainability into its core business strategy, Wipro demonstrates its dedication to creating long-term value for its
stakeholders and the communities it serves. This holistic approach to responsible growth solidifies Wipro's position as a leader
in the global technology sector.