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About Wipro

Wipro Limited was incorporated in 1945 as Western India Vegetable Products Ltd by Muhammed Hashim Premji (Father of Azim Premji). The company was listed on the BSE on June 13, 1947. Azim Premji took over the business in 1968, and by 1971, he managed to double it. The company's name was changed from Western India Vegetable Products Ltd. to Wipro Products Ltd. in 1977. It was again changed to Wipro Ltd. in 1984. Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. In 2009, Wipro received the first ever Teradata Partner Impact Award, and wipro.com won the Silver Award in the Davey Awards for Outstanding Work in Digital Design. The company demerged its divisions (consumer care and lighting, medical equipment, and infrastructure engineering) into a new company called Wipro Enterprises Limited (WEL) in FY 2013 in order to sharpen its focus and allow each company to pursue its distinct growth plans.

Business Segments

The company generates around 97% of its revenue from the IT Services Segment. It generates ~1% of revenue from the IT products segment and the remaining ~2% from the ISRE segment. Wipro’s IT services offerings are organised through two global business lines:
  1. iDEAS: This business line includes the service lines domain and consulting, applications and data engineering and R&D and Wipro Digital.
  2. iCORE: This business space includes the service lines cloud and infrastructure services (CIS), digital operations and platform (DO&P) and Cybersecurity and risk services (CRS).

Key Personnel

Mohamed Hasham Premji Mohamed Hasham Premji founded Wipro in 1945 as Western India Vegetable Products Limited, a cooking oil company. Azim Premji Azim Premji is an electrical engineering graduate from Stanford University. He joined Wipro Limited in the late 1960s. He turned a hydrogenated cooking fat company into an IT, BPO, and R&D services organisation generating significant revenue. Rishad Premji, Executive Chairman Rishad Premji serves as the executive chairman of Wipro Limited. Before taking the position of Executive Chairman in 2019, Rishad joined Wipro in 2007 and held a number of positions inside the company. Rishad has an MBA from Harvard Business School and a B.A. in economics from Wesleyan University in the US.

Corporate Actions

  • Since June 25, 2004, 5 bonus issues have been given by Wipro Ltd. The most recent bonus announced by Wipro Ltd. was a 1:3 bonus with an expiration date of March 6, 2019.
  • The company announced a buyback of ₹12,000 crore with a record date of June 16, 2023.
  • Wipro has purchased 29 companies, including 14 in the previous 5 years. Private equity firms made a total of 10 purchases. In 2021, Wipro paid $1.5 billion to acquire Capco, the company's largest acquisition to date.
  • Wipro has purchased businesses in 8 different nations and US states.

Parent Organisation
Indian Private
Managing Director
Rishad Azim Premji
Founded
1945
NSE Symbol
WIPRO

Peer Comparision

StocksMarket Cap (cr)Market Price (₹)52 Week Low-High (₹)

Community Discussion

S
shiva_ni
20th March 2024
Wipro’s stocks dropped by more than 2 percent to Rs 520 per share on February 28. This decline occurred after analysts at Kotak Institutional Equities downgraded Wipro from ‘reduce’ to ‘sell’ and set a target price of Rs 440 per share. The downgrade was influenced by the significant increase in Wipro’s stock over the last three months. The analysts believe that the company’s valuations are now considered expensive. In the past three months, Wipro’s stock has risen by over 30 percent, while the benchmark Sensex has seen a 9 percent increase. On February 19, 2024, Wipro shares had reached a 52-week high of Rs 546 per share.
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Wipro Ltd FAQs

Wipro Ltd (WIPRO) share price as of July 18, 2024, on NSE is Rs 559.7 (NSE) and Rs 559.7 (BSE) on BSE.
Yes, You can buy Wipro Ltd (WIPRO) shares by opening a Demat account with Angel One.
Wipro Ltd (WIPRO) share can be bought through the following modes:
1. Direct investment: You can buy Wipro Ltd (WIPRO) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Wipro Ltd (WIPRO) shares.
Cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services are among the skills offered by Wipro to clients in 67 different countries.
Mr Azim Hasham Premji Partner Representing Zash Traders (20.72%), Mr Azim Hasham Premji Partner Representing Prazim Traders (20.43%), Mr Azim Hasham Premji Partner Representing Hasham Traders (16.95%) are some of the biggest promoters of Wipro.
The Brands that comes under Wipro are Santoor, Chandrika, Maxkleen, Giffy, Enchanteur, Safi, Aiken, Romano, Bio Essence, Yardley, Carrie, Pahnli and Garnet.
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