Sunday 12 June 2011

DETAILS OF WIPRO A-Z

provided by ur"s GowThaM
Type Public
Traded as
BSE: 507685
NSE: WIPRO
NYSE: WIT
NASDAQ: WIT
Industry IT services
IT consulting
Founded 1945
Founder(s) M.H. Hasham
Premji
Headquarters Bangalore,
Karnataka, India
Area served Worldwide
Key people
Azim Premji
(Chairman)
T. K. Kurien
(CEO, IT Business
& Executive
Director)
Services Outsourcing
BPO
Software service
Revenue US$ 6.841
billion (2011)[1]
Operating
income US$ 1.270
billion (2011)[1]
Profit US$ 1.167
billion (2011)[1]
Total assets US$ 8.182
billion (2011)[1]
Total equity US$ 5.280
billion (2011)[1]
Employees 122,385 (March
2011)[2]
Divisions Wipro Consumer
Care & Lighting
Wipro EcoEnergy
Wipro
Infrastructure
Engineering
Wipro GE Medical
Systems Limited
Website Wipro.com
Wipro Limited (BSE: 507685,
NSE: WIPRO, NYSE: WIT,
NASDAQ: WIT) is a global
information technology (IT)
services company headquartered
inBangalore, India. According to
the 2011 revenue, Wipro is the
third largest IT services company
in India and employs more than
122,385 people worldwide as of
March 2011.[2] Wipro is ranked
31 globally in 2011 in the list of
IT service providers.[3] It is 9th
most valuable brand in India
according to an annual survey
conducted by Brand Finance and
The Economic Times in 2010.[4]
Wipro provides outsourced
research and development,
infrastructure outsourcing,
business process outsourcing
(BPO) and business consulting
services. The company operates
in three segments: IT Services, IT
Products, Consumer Care and
Lighting.
Wipro Technologies, the global
technology and consulting
services division of Indian
conglomerate Wipro Limited.
History
The company was established in
1980 as subsidiary of Wipro
Limited listed on New York Stock
Exchange. Wipro was initially set
up as a vegetable oil
manufacturer in 1945 in
Amalner, Maharashtra, producing
sunflower Vanaspati Oil and
soaps. At that time, the company
was called Western India
Vegetable Products Limited (later
abbreviated down to Wipro).[5]
[6] The company logo still
contains a sunflower to reflect
their original business. During
1970s and 1980s it shifted its
focus and begin to look into
business opportunities in IT and
computing industry which was
at nascent stages in India at that
time. Wipro was the first
company which marketed the
first indigenous homemade PC
from India in 1975.
In 1966 Azim Premji, still the
majority shareholder as the
chairman of the company at the
age of 21 and with the passage
of time transformed it into one
of the largest IT outsourcing
services provider of the world.
[7]
By 2000, Wipro Technologies
emerged as the largest publicly
listed software exporter in India
and the first software services
provider to be assessed atSEI
Level 5 in the world.[8]
Wipro won the Golden Peacock
Innovative Service Award[9] for
effective service delivery using
state of art technology in 2001.
Wipro was awarded SVG1, the
highest rating in Stakeholder
Value Creation and Governance
Practices by ICRA, a premier
credit rating agency in India and
an associate of Moody’s Investor
Services of USA.[10]
Wipro was awarded the India
Manufacturing Excellence Award
for its factory in Pondicherry in
the large enterprises category by
Frost & Sullivan.[11]
Wipro was awarded the
prestigious ASTD BEST Awards
for 2005 by the American Society
of Training and Development.[12]
Wipro's Global Command Centre
won the Marico Foundation and
Business World's Innovation for
India Award in 2006. The
conglomerate was rated as the
No.1 Network Integrator and
No.1 Network Security Services
Provider by Voice & Data
Magazine.[13]
Wipro BPO
Wipro BPO employs over 22,000,
of whom 3,150 are at its
Hyderabad campus. The planned
new recruitments will be from
among science and commerce
graduates and under-graduates.
The majority of Wipro BPO’s
business comes from the US,
followed by Europe. The rest of
the world contributes only
marginally to its top line. The
company posted a turnover of
$290 million in FY08.
Founded in 2002, Wipro BPO has
operations in Delhi, Pune, Kolkata,
Chennai, Mumbai, Hyderabad,
Navi-Mumbai (Belapur) Greater
Noida, Mysore and Kochi in India.
It also has offices in Shanghai
and Cebu in Asia and Curitiba in
Brazil and Wroclaw in Poland. It
has 44 clients in segments such
as banking & capital markets,
insurance, travel & hospitality, hi-
tech manufacturing, telecom and
healthcare.

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