|

Company Snapshot : Wipro Limited

  • Aug 9th, 2017

1. About the Company:

Wipro logo

Wipro Limited is an Indian IT (Information Technology), consulting and business process services company, headquartered in Bangalore. It was established in 1945 by Mohamed Premji, as a vegetable oil manufacturer then known as ‘Western India Vegetable Products Limited’. It entered into the IT domain in the year 1981. It is the 3rd largest Indian IT Company in terms of revenue, as on March 2017.


2. History:

  • 1945: Established as Western India Vegetable Products Limited in Amalner, Maharashtra.
  • 1946: IPO for capital.
  • 1966: After Mohamed Premji’s death, his son Azim Premji took over Wipro as its chairman.
  • 1977: The name of the company changed to Wipro Products Limited.
  • 1981: Ventured into the IT Industry by manufacturing and selling mini computers.
  • 1983: Established software products and exports subsidiary, Wipro Systems Ltd.
  • 1985: Marketed indigenous Personal Computers.
  • 1986: Established Wipro Consumer Care Limited to manufacture consumer care and lighting products.
  • 1989: Established a Health care equipment joint venture with GE.
  • 1990s: Rapidly globalized R&D and IT Services. Developed the first ODC (Offshore Development Center) and offered software services to global clients.
  • 2000: Listed on NYSE (NYSE:WIT)
  • 2001: Became the first company in the world to be assessed at PCMM Level 5.
  • 2002: Entered the BPO business. Became the first software technology and services company in India to be certified for ISO 14001.
  • 2006: Acquired cMango Inc., a US-based technology infrastructure consulting firm.
  • 2008: Entered the clean-energy business with Wipro EcoEnergy.
  • 2012: Demerged its consumer care, lighting, furniture, infrastructure Engineering (hydraulics and water) and medical diagnostic business into a separate company named Wipro Enterprises (P) Ltd.
  • 2015: Carved out Wipro Digital as a separate business unit.
  • 2016: Acquired HealthPlan Services, a Leading Technology and Business Process as a Service Provider in the US Health Insurance Market.

3. Operations:

  • 300+ active global clients
  • 1,323 Active customers
  • Presence in over 60 countries
  • Clients in 6 continents
  • 54 Development Centers across the globe

4. Leadership Board:

  • Founder‎: ‎Mohamed Azim Hashim Premji
  • Chairman: Azim H. Premji
  • CEO: Abidali Z. Neemuchwala
  • CFO: Jatin Dalal
  • COO: Bhanumurthy B. M

5. Shareholding (as on 30th June 2017):

Category of Shareholder

Shareholding as a % of total no. of  shares

Promoter & Promoter Group

73.18

Public

26.2

Shares held by Employee Trusts

0.5


6. Number of Employees (as on 31st March 2017):

Employee count


7. Wipro Group of Companies:

  • Western India Products Limited: It is the IT solutions and R&D services subsidiary of Wipro Limited.
  • Wipro Consumer Care & Lighting: WCCLG is the business unit that operates in the FMCG segment dealing in consumable commodities. It sells personal care products like baby oil, and lighting products like LED and emergency lights.
  • Wipro Infrastructure Engineering: It is the hydraulics business division of Wipro Limited that manufactures hydraulic cylinders, truck cylinders, and their components and solutions.
  • Wipro GE Medical Systems Limited: It is Wipro’s joint venture with GE Healthcare South Asia, involved in R&D of advanced solutions in the healthcare sector.

Wipro has 91 subsidiaries as on 31st March 2017.


Business unit wise share

8. Product Categories:

  • Banking, Financial Services & Insurance  
  • Healthcare & Life Sciences  
  • Consumer Business Unit  
  • Energy, Natural Resources and Utilities  
  • Communications  
  • Manufacturing and Technology  

9. Services:

  • Global Infrastructure Services:  Optimization on Cloud technologies and Modernization of applications to support Hybrid environments. Services are managed through ServiceNXT and internally developed Autonomics framework- Fixomatic.
  • Product Engineering Services:  Reduces total cost of ownership and time-to-market of products.  Provides after market support and support for design of engineering services for manufacturing.
  • Business Process Services: Achieves standardization, simplification and optimization of businesses.
  • Application Services: Deployment of packages across Mac, Windows and Chrome platforms by Unified Distribution Architecture.
  • Analytics:  Builds an enterprise-wide analytics culture by using technology tools like SAS, SPSS and software environments like R.
Service line distribution

 


10.  Key Financial Indicators (Last 5 Years):

 

2016-17

2015-16

2014-15

2013-14

2012-13

Revenue*

554,179

516,307

473,182

437,628

376,882

Profit after tax

85,179

89,571

86,528

77,967

61,362

Figures in ₹Million

* Aggregated Revenue.

In the fiscal year 2016-17, Gross Revenue grew by 7.4%.


11. Acquisitions:

Date

Acquired

Amount

Jan 25, 2017

InfoSERVER

$8.7M

Oct 20, 2016

Appirio

$500M

Feb 11, 2016

HealthPlan Services

$480M

Dec 23, 2015

Viteos Group

$130M

Dec 2, 2015

Cellent AG

€73.5M

Dec 2, 2013

Opus Capital Markets Consultants

 

$75M

May 1, 2012

Promax Application Group

 

$35M

Apr 1, 2011

Global Oil and Gas Information Technology Services Business

 

$150M

Feb 21, 2006

cMango

$20M


 12. Awards:

  • 2017: Won Innovative Policies & Practices for Persons with Disabilities Award by Zero Project, Vienna.
  • 2017: Won the Platinum Arogya World Healthy Workplace FY2016 award in the Health & Wellness category.
  • 2016: Won the CISCO Digitizing India Award in collaboration with CNBC for NRC Assam Project under Digital Innovation in Citizen services (eGovernance) category.
  • 2016: Received the NASSCOM Corporate Award for Excellence in Diversity and Inclusion, in the category of Best Program for Excellence in Gender Diversity.
  • 2015: Received the Citi Lean Partner award, in recognition of its high levels of service and performance.
  • 2012: Received the NASSCOM Corporate Award for Excellence in Diversity and Inclusion in the category Most Effective Implementation of Practices & Technology for Persons with Disabilities.
  • 2010: Received the Company Of The Year – International award as part of the Economictimes.com BPO Industry.

13. News:


You may also like the following articles: