WIPRO Make Progress & Thrive

WIPRO Make Progress & Thrive
A1 Overview: The company was established in 1945 and is involved in IT products,

services & India State Run Enterprise Services (ISRE).The IT services segment offers IT & IT
enabled services including customer centric design, cognitive computing & technology
consulting etc. It falls under Top 5 IT companies in India and is the 3rd largest R&D service
provider in the world and also among the Top 3 Indian BPO services. Wipro has a global
footprint in 6 continents with a client base of 1000+. The company has 15+ $100 million
clients and 41% of its revenue comes from the digital business.They offer business value to
clients through process excellence and service delivery innovation such as Information
Technology services, Product Engineering services, Technology Infrastructure services and
consulting services. The company is listed in both BSE and NSE .As of January 2022 Wipro
has a market cap of $40.49 Billion.
It serves enterprises in various industries primarily in the India market, which comprise the
government, defence, IT and IT-enabled services, telecommunications, manufacturing,
utilities, education, and financial services sectors. Wipro Limited has a collaboration
agreement with FEV Europe GmbH to develop and market software defined vehicles; and IP
Infusion to deliver validated disaggregated networking solutions, as well as has strategic
partnerships with Apptio, Inc. and DataRobot, Inc. With the exception of manufacturing,
Wipro’s sales increased in the previous quarter across all important sectors. Consumer and
energy were among the growth drivers, as were banking, financial services, and insurance.
Seeing financial data for a couple of years, the company is focusing more on acquisition
and expansion, which indicates that it has big plans ahead and is optimistic about the future
outcomes. Capital expenditure has remained flat even with an increased scale which
indicates market saturation and moderates the upcoming growth.
● It has sufficient liquidity to pay any outstanding obligations which is a good sign
from the point of view of investors.
● The operations of the company is intact as the net profit margin has increased
during the year 2021 from 2020 and even though revenue decreased in Q1 '21 , it
showed speedy recovery after covid. Wipro managed to reduce its operating costs,
lower its prices and provide innovative products to its consumers.
The company believes in adopting best practises of corporate governance. Corporate
governance principles are enshrined in the Spirit of Wipro, which forms the core values of
Wipro. These guiding principles are also articulated through the Company’s code of
business conduct, Corporate Governance Guidelines, charter of various sub-committees
and disclosure policy. The mission statement clearly states “to help create a new kind of
professional services firm that works with both business and IT executives to innovate and
deliver, end to end solutions that create measurable value for our clients”. The World Most
Ethical (WME) Companies designation recognizes companies that truly go beyond making
statements about doing business “ethically” and translate those words into action. WIPRO
was named as one of the most ethical companies in the world. It has good employee
benefits , they have a culture of accountability, focus on outcome as opposed to a focus on
effort, which was very much the culture of Wipro before. Premji dedicated a lot of time on a
programme called “5 habits” which included five aspects: being respectful & responsive,
communicating properly & having trust and showing stewardship.
Overall, I think the company is well-managed.
Corporate Social Responsibility Building a more humane, inclusive, equitable, and

sustainable society. Wipro Foundation represents the Corporate Social Responsibility (CSR)
initiatives of Wipro Limited. Going back over two decades, we focus on social initiatives in
Education, Health, Ecology, and Disaster Response.
A2 Sector Information: India is the largest exporter of IT globally . The total market size
of the Indian IT Market is 235 billion USD. The IT-BPM sector in India grew at a Compound
Annual Growth rate (CAGR) of 15 percent over 2010-15, which is 3-4 times higher than the
global IT-BPM spend. The Indian companies have doubled their market share globally in
2021 from 2020.
Technology: Wipro has built significant capabilities in next generation technologies such as
analytics, mobility, cloud, IoT and Augmented Reality (AR) that are key for Engineering &
Construction (E&C) organisations. Wipro customers use project analytics solutions to
measure and predict project performance and benefit from our collaboration platforms that
bring together engineering, project sites, enterprise back office, contractors, suppliers,
academia, and communities.
Operating Metrics:
Revenue: According to CRISIL, Industry to post strong recovery with 11% revenue growth. In
2021, the two standout performers, in terms of revenue growth, are Wipro and TCS which
shows the potential and significant contribution to the sector. Infosys reported another
quarter of excellent all-round growth across financial parameters. I believe the company is
well positioned to report industry-leading organic revenue growth among large peers.
Profitability: TCS rebound last year is visible through its profit which is the highest among
the competitors and second to that was Infosys. TCS and Infosys' profits surged by 12.27%
and 11.77% on a year-on-year basis respectively in Q3FY22. Wipro's Q3 net profits, though,
remained largely flat at ₹2,969 crore, it is expected to have robust demand. Increase in
profit from last year with the exception of HCL, shows the sustainability of the business in
the long term
A3 Company Narrative:
Market: Track record of the company is good with an excellent balance sheet. The
company is piloting new initiatives for metaverse, building proof-of-concept and virtual
laboratories in a bid to equip themselves for the transition. This would give them access to a
whole new market and audiences. The management has indicated that any incremental
savings from optimization through things like automation, AI etc. will be invested back to
drive growth in the near future.
The operation of the company is handled by the top management very well . High cost of
attrition and hiring led to low profit margin last year. To remedy this, they moved to a
simplified operating model which focuses on an easier delivery model that will no doubtedly
improve their performance, resilience and better accountability.
Business Model: Wipro uses a mass-market business model in which it targets all
different types of customers whether it’s a high-end company or a small business. Wipro
technology infrastructure is the best Indian IT infrastructure service provider in terms of
revenue, people and customers. Due to the high competition in the market, it uses a
competitive pricing strategy ( prices lower than its competitors) which helps them stand out
in the market and with its quality services, it has a higher market audience.
Management: Company’s Board consists of global leaders and visionaries who provide
strategic direction and guidance to the organisation. As on March 31,2021, the Board
comprised two Executive Directors, six non-executive Independent Directors and one
non-executive non-independent Director.
Rishad Azim Premji Executive Thierry MD,CEO Jatin Dalal President

Chairman Delaporte
B. Bhanumurthy President & COO Saurabh Govil President Mohammad VP,Company

Khan Secretary
Deepak Acharya SVP, Chief Risk Sunita Cherian Chief Culture Keyur Maniar Senior Vice
Officer Officer President
Kumundh Sridharan Senior Vice Dipak Bohra SVP & Chief Kiran Desai Globa; Head
President of Internal of Cloud &
Audit Infrastructure

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WIPRO Make Progress & Thrive

A1 Overview: The company was established in 1945 and is involved in IT products,

Corporate Social Responsibility Building a more humane, inclusive, equitable, and

Rishad Azim Premji Executive Thierry MD,CEO Jatin Dalal President

B. Bhanumurthy President & COO Saurabh Govil President Mohammad VP,Company

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