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Wipro is an Indian multinational company that deals in information technology (IT), consulting and business process services. Its headquarters is situated in Bangalore, Karnataka. It was founded in 1945 by Mohamad Premji. Azim Premji, one of India’s greatest entrepreneurs and philanthropist, owns the company today.
The company provides IT consulting, custom application design, development, re-engineering, BPO services, cloud, mobility, analytics services, research and development and hardware and software design.
Particulars | Description |
---|---|
Type | Public |
Industry | Conglomerate |
Founded | 29 December 1945; 74 years ago |
Founder | Mohamed Premji |
Area served | Worldwide |
Key people | Rishad Premji (Chairman) |
Products | Personal care, Health care, Lighting Furniture Services |
Digital strategy | IT services Consulting Outsourcing Managed services |
Revenue | Rs. 63,862.60 crore (2020) |
Operating Income | Rs. 12,249.00 crore (2020) |
Net income | Rs. 9,722.30 crore (2020) |
Total assets | Rs. 81,278.90 crore (2020) |
Total equity | Rs. 55,321.70 crore (2020) |
Owner | Azim Premji (73.85%) |
It has garnered global recognition for its various services and has been serving clients across 6 continents across the globe. It also has a proud 180,00 employee base. It was featured in the Bloomberg’s Gender Equality Index in 2020 and has also received a score of 90/100 on the 2020 Corporate Equality Index. In 2019, it won the Global Breakthrough Partner of the Year from Pivotal Software and was also the winner for the Gender Inclusion category with NASSCOM Diversity and Inclusion Awards. It was also declared as one the best companies for Women in India in 2019 by Best Companies for Women in India (BCWI).
It was the first runner up for the United National Global Compact Network India (UN GCNI)- Women at Workplace Awards 2019 among others.
Wipro Enterprises was founded in 2013 for non-IT services from Wipro. It has two main divisions as follows: Wipro Consumer Care and Lighting (WCCLG) and Wipro Infrastructure Engineering (WIN).
Wipro Consumer Care and Lighting has a strong presence in India also in the entire of South-East Asia and the Middle East. It has a global workforce of around 10,000 serving in 20 countries worldwide. It deals with Personal care products like soaps and toiletries along with baby care and Wellness Electrical wire devices with lighting and modular office furniture.
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Some of the countries it has established a strong brand presence is Bangladesh, China, Hong Kong, Jordan, Malaysia, Myanmar, Philippines, Saudi Arabia, Singapore, Taiwan, Thailand, UAE, United Kingdom, Vietnam, Nepal, Nigeria and Sri Lanka. Its sales revenue grew from Rs. 3.04 billion to Rs. 77.4 billion for the year 2019-2020.
Wipro Infrastructure Engineering is another successful undertaking of Wipro. It is involved in the Manufacturing and designing of custom Hydraulic Cylinders and infrastructure components related to construction, earthmoving, material, cargo handling, forestry, truck hydraulic, farm and agriculture, mining, aerospace and defence. Its facilities are spread across India, northern and eastern Europe, US, Brazil and China.
Financial Performance (Figures in ₹ Million except otherwise stated) | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
---|---|---|---|---|---|
Revenue1 | 473,182 | 516,307 | 554,179 | 546,359 | 589,060 |
Profit before Depreciation, Amortisation, Interest and Tax | 108,246 | 111,825 | 116,986 | 105,418 | 119,384 |
Depreciation and Amortisation | 12,823 | 14,965 | 23,107 | 21,124 | 19,474 |
Profit before Interest and Tax | 95,423 | 96,860 | 93,879 | 84,294 | 99,910 |
Profit before Tax | 111,683 | 114,933 | 110,356 | 102,474 | 115,415 |
Tax | 24,624 | 25,366 | 25,213 | 22,390 | 25,242 |
Profit after Tax - attributable to equity holders | 86,528 | 89,075 | 84,895 | 80,081 | 90,031 |
Earnings Per Share- Basic2 | 13.22 | 13.60 | 13.11 | 12.64 | 14.99 |
Earnings Per Share- Diluted2 | 13.18 | 13.57 | 13.07 | 12.62 | 14.95 |
Share Capital | 4,937 | 4,941 | 4,861 | 9,048 | 12,068 |
Net worth | 409,628 | 467,384 | 522,695 | 485,346 | 570,753 |
Gross cash (A) | 251,048 | 303,293 | 344,740 | 294,019 | 379,245 |
Total Debt (B) | 78,913 | 125,221 | 142,412 | 138,259 | 99,467 |
Net Cash (A-B) | 172,135 | 178,072 | 202,328 | 155,760 | 279,778 |
Property, Plant and Equipment (C) | 54,206 | 64,952 | 69,794 | 64,443 | 70,601 |
Intangible Assets (D) | 7,931 | 15,841 | 15,922 | 18,113 | 13,762 |
Property, Plant and Equipment and Intangible Assets (C+D) | 62,137 | 80,793 | 85,716 | 82,556 | 84,363 |
Goodwill | 68,078 | 101,991 | 125,796 | 117,584 | 116,980 |
Net Current Assets | 272,463 | 284,264 | 309,355 | 292,649 | 357,556 |
Capital Employed | 488,538 | 592,605 | 665,107 | 623,605 | 670,220 |
Number of Shareholders3 | 213,588 | 227,369 | 241,154 | 269,694 | 330,075 |
Wipro is doing well in the stock Market. Mentioned below are it's stock prices as listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The stock prices depend on the day-to-day functioning of the stock market.
Wipro Ltd | Previous Close | Open | High | Low | VWAP |
---|---|---|---|---|---|
270.45 +3.85 (+1.44%) | 266.60 | 268.75 | 271.65 | 265.70 | 268.65 |
Wipro Ltd | Previous Close | Open | High | Low | VWAP |
---|---|---|---|---|---|
270.05 +3.45 (+1.29%) | 266.60 | 267.00 | 271.80 | 265.55 | 270.55 |
Share Price as on 25th July, 2020
Wipro is one of the most successful conglomerates in the country today. It has helped in developing India’s business scape and employment scale.