Wipro Technologies

from Wikipedia, the free encyclopedia

Wipro Limited
legal form Corporation
ISIN US97651M1099
founding December 29, 1945
Seat Bangalore , India
management Azim Premji (Chairman of the Board)
Number of employees 173,863 (June 2016)
sales $ 7.735 billion (2016)
Branch Information technology
Website www.wipro.com

Wipro Limited ( Western India Products Limited ) is a multinational IT consulting and systems integration company headquartered in Bangalore, India . As of March 2015, 158,200 people work for Wipro and support over 900 of the Fortune 1000 companies in 67 countries. As of March 31, 2015, the company's market capitalization was  around $ 35 billion, making it one of the largest publicly traded companies in India and the seventh largest IT service provider in the world.

In order to concentrate more on the IT core business, all areas not connected to the IT branch were spun off from March 31, 2013 under the name Wipro Enterprises Limited. The split-off areas are customer safety, lighting, healthcare and infrastructure engineering, which accounted for around 10 percent of Wipro's sales in the previous financial year.

history

The early formative years

The company was founded on December 29, 1945 in Mumbai by Mohamed Premji as “Western India Vegetable Products Limited”, which was later abbreviated to “Wipro”. It was originally intended as a producer of vegetable and refined oils in Mumbai, Maharashtra, India under the trade names Kisan, Sunflower and Camel. The company logo still features a sunflower, reflecting the original company. In 1966, after Mohamed Premji's death, his son Azim Premji returned home from Stanford University and took over the chairmanship of Wipro at the age of 21. During the 1970s and 1980s, the company shifted its focus to the information technology and computer industries, which was beginning to develop in India at that time. On June 7, 1977, the company's name was changed from Western India Vegetable Products Limited to Wipro Products Limited. The year 1980 finally marked the arrival of Wipro in the IT sector. In 1982 the name was changed again, this time from Wipro Products Limited to Wipro Limited. Wipro expanded steadily in the consumer goods sector, including with “Ralak”, a Tulsi-based soap for the whole family, and “Wipro Jasmine”, a toilet soap.

1966-1992

In 1988 Wipro diversified its product range with heavy industrial cylinders and mobile hydraulic cylinders. A joint venture with the US company General Electric under the name Wipro GE Medical Systems Pvt. Ltd. was started in 1989 for the manufacture, sales and service of diagnostic and image processing products. In 1991, tilt systems and Eaton hydraulic products were launched. In 1992 the “Wipro Fluid Power” division brought in the relevant expertise to manufacture standard hydraulic cylinders for construction equipment and dump truck systems. In 1990, “Santoor talcum powder” and the “Wipro Baby Soft” baby product line were finally launched on the market.

1994-2000

In 1995, Wipro opened a design center ("Odyssey 21") to carry out projects and product developments in the field of advanced technologies for customers overseas. Wipro Infotech and Wipro Systems were merged with Wipro in April of the same year. In 1999 Wipro Acer was acquired. With its many new products like Wipro SuperGenius PCs, Wipro has become a more profitable, multi-faceted company. Incidentally, the SuperGenius PCs were the only Indian computers to receive certification from the US National Software Testing Laboratory (NSTL) in 1999 for “Year 2000” (Y2K) compliance in the hardware area for all models. Wipro Limited teamed up with global telecommunications giant KPN (Royal Dutch Telecom) to create a joint venture company called "Wipro Net Limited" for Internet services in India. In 2000, Wipro launched solutions for convergent networks for Internet and telecommunications solution providers under the names Wipro OSS Smart and Wipro WAP Smart. In the same year Wipro was listed on the New York Stock Exchange. In early 2000, Wipro's vice chairman Vivek Paul and Azim Premji approached KPMG Consulting vice chairman Keyur Patel and CEO Rand Blazer to start a mega-outsourcing joint venture between their organizations.

2001 – present

With the introduction of Wipro Smartlite, the Wipro Consumer Care and Lighting Group entered the compact fluorescent lamp market. As the company continued to grow, a study found that Wipro was the fastest wealth generator in 5 years (1997-2002). In the same year, Wipro's own laptops with Intel Centrino mobile processors were launched. Wipro also entered into an exclusive agreement with the Chandrika owners to market their soap products in selected regions of India. A wholly-owned subsidiary, Wipro Consumer Care Limited, was created to manufacture consumer goods and lighting items. In 2004 Wipro joined the Billion Dollar Club and began a partnership with Intel for i-Shiksha. In 2006, Wipro acquired cMango Inc., a US-based enabler for companies providing technology infrastructure consulting and a European retail solution provider. In 2007, Wipro signed a big deal with Lockheed Martin. It also entered into an agreement to acquire Oki Techno Center Singapore Pte Ltd (OTCS) and signed a research and development partnership agreement with Nokia Siemens Networks in Germany. In 2008, Wipro finally ventured into the clean energy business with Wipro Eco Energy. In April 2011, an agreement was made with Science Applications International Corporation (SAIC) to acquire its global oil and gas IT division of the commercial business services unit. Wipro finally made its 17th acquisition in the IT sector in 2012 when it acquired the Australian Promax Applications Group (PAG) for $ 35 million. Wipro became the employer with the largest number of H-1B Visa employees in the United States in 2012. In 2012, Wipro Ltd. announced the spin-off of its Consumer Care & Lighting (including the furniture business), Infrastructure Engineering (hydraulic & water business) and Medical Diagnostic Product & Services divisions. These became the independent company Wipro Enterprises Ltd. Wipro's proposed settlement for this spin-off took effect on March 31, 2013.

Wipro in Europe

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Wipro's presence in Europe

For more than ten years, Wipro has been making strategic investments in the continental European market, which is reflected in a strong presence through many facilities in all four key regions ( DA-CH , Benelux, France and Nordic countries). A local delivery organization and capacities as well as a data center in Germany underpin Wipro's strong presence in continental Europe, which Wipro has identified as a central growth market for itself. In April 2014 the company implemented a dedicated organization for continental Europe with headquarters in Frankfurt / Main (Germany) and a local management team. Wipro's local presence has since expanded significantly and almost 50% of the employees come from the region. In addition, Wipro has started cooperation with regional universities and business schools for its graduate training program.

Wipro in the DA-CH region

With over 1,000 local employees, Wipro has been supporting customers in the DA-CH region with services in the fields of IT, consulting and outsourcing for more than ten years. With in-depth knowledge of the German market dynamics in combination with worldwide business experience, Wipro enables companies to develop innovative solutions and offers support services for global structures and projects. The local teams have in-depth knowledge of technology, business processes and project management and have extensive experience in working with German business. Today, the portfolio includes a number of global customers in diverse industries such as automotive, manufacturing, banking, retail, telecommunications, energy, medical technology and utilities. Wipro's expertise in the field of digital transformation and Industry 4.0 will be supplemented by new automotive centers in Wolfsburg, Stuttgart and Munich.

Share and shareholders

Listing : Wipro's equity interests are listed on the Bombay Stock Exchange, where they are a component of the BSE SENSEX index, and on the National Stock Exchange of India, where they are a S&P CNX Nifty component. The company's American Depositary Shares have been listed on the NYSE since October 2000. Shareholders: As of September 30, 2013, 73.51% of the company's equity was owned by its sponsors: Azim Premji, his family, partner companies in which he has interests, and trust companies established by him / his family. The remaining 26.49% are owned by third parties.

Shareholders (as of September 30, 2013) Equity participation
Promoter group led by Azim Premji 73.51%
Foreign institutional investors 8.82%
Indian public 5.31%
Legal persons 3.89%
Mutual Fund / UTI 1.90%
NRI 1.04%
Trust companies / others 0.84%
American Depositary Shares 1.93%

Employee

As of December 31, 2015, Wipro currently has 170,664 employees. At the beginning of 2016, Abid Ali Neemuchwala was appointed as the company's new CEO. 

See also

Web links

Individual evidence

  1. ↑ wipro.com
  2. ↑ [1]
  3. ↑ a b Wipro: From a vegetable oil maker to an IT major. Retrieved May 24, 2019 .
  4. ^ IT Consulting in the English language Wikipedia
  5. ^ Times Topics - The New York Times. Retrieved May 24, 2019 .
  6. ↑ About Us - Wipro. Retrieved May 24, 2019 .
  7. ↑ Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization. Retrieved May 24, 2019 .
  8. ↑ Our Bureau: Wipro falls 12% as stock adjusts to demerger. Retrieved May 24, 2019 .
  9. ^ Press Trust of India: Wipro to demerge non-IT businesses . In: Business Standard India . November 1, 2012 ( business-standard.com [accessed May 24, 2019]).
  10. ↑ Azim Premji says son Rishad will never be CEO of Wipro - Indian Express. Retrieved May 24, 2019 .
  11. ^ A b c d Wipro> Company History> Computers - Software> Company History of Wipro - BSE: 507685, NSE: WIPRO. Retrieved May 24, 2019 .
  12. ^ Billionaire Profile: Azim Premji. Retrieved May 24, 2019 .
  13. ↑ a b financialexpress.com ( Memento from May 22, 2013 in the Internet Archive )
  14. ↑ Reuters Editorial: Company Profile for $ {Instrument_CompanyName}. Retrieved May 24, 2019 .
  15. ↑ a b c Wipro History | Wipro Information - The Economic Times. Retrieved May 24, 2019 .
  16. ↑ capitalmarket.com ( Memento from September 23, 2015 in the Internet Archive )
  17. ↑ expressindia.indianexpress.com ( Memento of the original from March 5, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / expressindia.indianexpress.com
  18. ↑ a b c The Hindu: Wipro releases WAP solutions. Retrieved May 24, 2019 .
  19. ↑ Wipro lists on NYSE with marginal premium. In: CIOL. October 19, 2000. Retrieved May 24, 2019 (American English).
  20. ↑ financialexpress.com
  21. ↑ a b The Hindu Business Line: Wipro is biggest wealth creator during 1998-2003: Study. Retrieved May 24, 2019 .
  22. ^ Wipro To Market Chandrika Soap In Select States. June 20, 2003. Retrieved May 24, 2019 (American English).
  23. ↑ a b Our Bureau: Wipro buys lease rights of Chandrika soap . In: Business Standard India . December 16, 2003 ( business-standard.com [accessed May 24, 2019]).
  24. ↑ Business News Live, Share Market News - Read Latest Finance News, IPO, Mutual Funds News. Retrieved May 24, 2019 .
  25. ^ Wipro, Intel Join Forces to Launch i-shiksha. Retrieved May 24, 2019 .
  26. ↑ thehindubusinessline.in ( Memento of the original from May 2, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.thehindubusinessline.in
  27. ↑ articles.economictimes.indiatimes.com
  28. ↑ Technology News. Retrieved May 24, 2019 .
  29. ↑ efytimes.com ( Memento of the original from October 25, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.efytimes.com
  30. ↑ a b articles.economictimes.indiatimes.com
  31. ^ Wipro to Acquire Oki's Wireless Chip Design Arm. September 28, 2007, accessed May 24, 2019 .
  32. ^ Wipro to manage R&D for Nokia Siemens . In: Reuters . October 11, 2007 ( reuters.com [accessed May 24, 2019]).
  33. ↑ eetasia.com ( Memento from October 25, 2015 in the Internet Archive )
  34. ↑ The Inside Story of Azim Premji's Next Billion Dollar Plan. Retrieved May 24, 2019 .
  35. ↑ Stable, yet supple- Business News. Retrieved May 24, 2019 .
  36. ↑ articles.economictimes.indiatimes.com
  37. ↑ UPDATE 1-India's Wipro to buy SAIC energy tech biz for $ 150 mln . In: Reuters . April 1, 2011 ( reuters.com [accessed May 24, 2019]).
  38. ↑ articles.economictimes.indiatimes.com
  39. ↑ BS Reporter: Wipro to buy analytics firm Promax for $ 36 mn . In: Business Standard India . May 1, 2012 ( business-standard.com [accessed May 24, 2019]).
  40. ↑ foreignlaborcert.doleta.gov (PDF)
  41. ↑ Newsroom - Wipro. Retrieved May 24, 2019 .
  42. ↑ articles.economictimes.indiatimes.com
  43. ↑ Newsroom - Wipro. Retrieved May 24, 2019 .
  44. ↑ Wipro demerger scheme comes into effect | Gadgets Now. April 2, 2013, accessed May 24, 2019 .
  45. ↑ Wipro | Digital, technology, business solutions. Retrieved on May 24, 2019 (en-dach).
  46. ↑ a b bseindia.com ( Memento of the original from December 1, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.bseindia.com
  47. ↑ FORM 20-F. Retrieved May 24, 2019 .
  48. ↑ a b wipro.com ( Memento from January 6, 2012 in the Internet Archive )
  49. ↑ Corporate promoter in the English language Wikipedia
  50. ^ Mutual fund in the English language Wikipedia
  51. ^ Unit Trust of India in the English language Wikipedia
  52. ↑ Pradeesh Chandran: Wipro names Abid Ali Neemuchwala as CEO . In: The Hindu . January 4, 2016, ISSN  0971-751X ( thehindu.com [accessed November 7, 2016]).