CHAPTER-I

INTRODUCTION AND COMPANY PROFILE

INTRODUCTION

Wipro Ltd. was incorporated in the year 1945. Today's share price is 282.55. Its current
market capitalisation stands at Rs 161719.75 Cr. In the latest quarter, the company has
reported Gross Sales of Rs. 611376 Cr and Total Income of Rs.638626 Cr. The company's
management includes Patrick Lucien Andre Dupuis, Patrick John Ennis, M K Sharma,
William Arthur Owens, Ireena Vittal, Azim H Premji, Rishad Azim Premji.It is listed on the
BSE with a BSE Code of 507685 , NSE with an NSE Symbol of WIPRO and ISIN of
INE075A01022. It's Registered office is at Doddakannelli,Sarjapur Road,Bengaluru-560035,
Karnataka. Their Registrars are ACC Ltd. Its auditors are BSR & Co, BSR & Co LLP,
Deloitte Haskins & Sells LLP, NM Raiji & Co.
Wipro Limited is a market leading Information Technology, consulting and business process
services company. Wipro utilises the power of analytics, robotics, cloud and other emerging
technologies to help clients spread across six different continents to adapt to the current
digital trend and help them thrive to success. Wipro has over 1,60,000 dedicated employees
serving together and building a bold and new future. The amount of revenue generated by
Wipro in the financial year 2017 is 848 crores USD.Wipro Limited (Wipro), incorporated on
December 29, 1945, is a global information technology (IT), consulting and business process
service provider. It operates through two segments: IT Services and IT Products. The
Company's IT Services business provides a range of IT and IT-enabled services. IT Products
segment provides a range of third-party IT products, which allows it to offer IT system
integration services.Wipro Technologies is the global technology services division of Wipro
Ltd. (NYSE:WIT). Wipro offers a full portfolio of services across industries, delivering
measurable business benefits for their customers with six sigma consistency.

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IT Services
The Company is a provider of IT services to enterprises across the globe. The IT Services
segment primarily consists of IT Service offerings to its customers organised by industry
verticals, which include Banking, Financial Services and Insurance (BFSI), Healthcare and
Life Sciences (HLS), Retail, Consumer Goods, Transport and Government (RCTG), Energy,
Natural Resources and Utilities (ENU), Manufacturing and High-Tech (MFG), and Global
Media and Telecom (GMT). The Company provides a range of services, which include
digital strategy advisory, customer centric design, technology consulting, IT consulting,
custom application design, development, re-engineering and maintenance, systems
integration, package implementation, global infrastructure services, business process services,
cloud, mobility and analytics services, research and development and hardware and software
design. It delivers end-to-end services across the Oracle product spectrum, including
E-Business suite, Oracle Cloud Applications and Engineered Systems. Its Connected
Enterprise Services include Digital Customer Experience Management (DCxM) and Encore
(Next Gen Commerce Solution).
The Company offers integrated business solutions that span across enterprise applications and
digital transformation to security and testing. Its application services offerings include Oracle
Application Services, SAP Application Services, Connected Enterprise Services, Cloud
Application Services, Enterprise Architecture, Enterprise Security Solutions and Testing
Services. The Service Transformation Group is instrumental in evaluating the market trends,
and identifying and incubating various technologies. Its Global Infrastructure Services
(GIS)is an end-to-end IT infrastructure and management service provider, which include
Business Advisory, Cloud Migration, Data Center Transformation, Workplace
Transformation,Networks, Managed Services to System Integration. Its Analytics includes
the spectrum of offerings, which cover the Data-Information-Insight Supply Chain, including
artificial intelligence, machine learning, advanced analytics, data and information
management, and big data platforms. The Company's Business Process Services (BPS)
include EnterpriseTransformation, Base))), Next Gen Customer Experience (NGCE),
Robotics Process Automation (RPA) and Business-Process-as-a-Service (BPaaS).
IT Products
In order to offer IT system integration solutions, the Company uses a combination of
hardware products (including servers, computing, storage, networking, security), related
software products (including databases and operating systems) and integration services. The

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Company's range of third-party IT Products comprises Enterprise Platforms, Networking
Solutions, Software Products, Data Storage, Contact Center Infrastructure, Enterprise
Security, IT Optimization Technologies, Video Solutions and End-User Computing solutions.
It provides its offerings to enterprises in various industries, primarily in the India and Middle
East markets, including government, defence, IT and IT-enabled services,
telecommunications, manufacturing, utilities, education and financial services sectors. The
Company is a reseller of third-party enterprise products through its direct sales force.

WHO IS WIPRO
Ranked as 7th best software services company in the world byBusiness Week (Infotech 100,
November 2002), Wipro servesover 300 global leaders including Boeing,
Nationwide,Ericsson, Toshiba, Cisco, Seagate, Putnam Investments,United Technologies,
Best Buy, Digital, Friends Provident,IBM, Microsoft, NCR, Thames Water, Transco and
Sony.From the first day in dealing with Wipro, there's been nothing but quality, character,
highest integrity, highest quality work.As a joint venture, you wouldn't find a better partner.
As a supplier, you wouldn't find a higher quality partner.

Some quick facts about Wipro:

● India's most valuable company (Business Today, 2001).
● Listed at NYSE (WIT). Part of the TMT (Technology-Media-Telecom) Index of the
New York Stock Exchange.
● Over 20 years of IT Consulting, Systems Integration andEngineering Services
experience.
● 30 offices worldwide, 18,000 IT practitioners and domain consultants.
● More than 300 customers across USA, Europe and Japan(50 of these are Fortune 500
companies) .
● USD 736 Mn revenues (Year 2001-2002), CumulativeAnnual Growth Rate (CAGR)
of 45% over the last five years .
● Quality leadership: Most mature Six Sigma program in the industry. World's first
PCMM, CMMi and CMM level5 company.

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COMPANY PROFILE

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HISTORY
Early years
The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed
Premji as "Western India Palm Refined Oil Limited", later abbreviated to "Wipro". It was
initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra,
British India, under the trade names of Kisan, Sunflower, and Camel.In 1966, after Mohamed
Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21.
During the 1970s and 1980s, the company shifted its focus to new opportunities in the IT and
computing industry, which was at a nascent stage in India at the time. On 7 June 1977, the
name of the company changed from Western India Vegetable Products Limited, to Wipro
Products Limited. In 1982, the name was changed again, from Wipro Products Limited
toWipro Limited. Wipro continued to expand in the consumer products domain with the
launch of "Ralak" a Tulsi based family soap and "Wipro Jasmine", a toilet soap.
1986–1992
In 1988, Wipro added mobile hydraulic cylinders and heavy-duty industrial cylinders to its
line of products. A joint venture company with the United States' General Electric in the
name of Wipro GE Medical Systems Pvt. Ltd. was set up in 1989 for the manufacture, sales,
and service of diagnostic and imaging products. In 1991, tipping systems and Eaton hydraulic
products were launched. The Wipro Fluid Power division, in 1992, developed the capability
to offer standard hydraulic cylinders for construction equipment and truck tipping systems.
The "Santoor" talcum powder and "Wipro Baby Soft" range of baby toiletries were launched
in 1990.
1994–2000
In 1995, Wipro set up an overseas design centre, Odyssey 21, for the projects of overseas
clients. Wipro Infotech and Wipro Systems were amalgamated with Wipro in April that year.
Five of Wipro's manufacturing and development facilities secured the ISO 9001 certification
during 1994–95.In 1999, Wipro acquired Wipro Acer. Wipro released new products such as
the Wipro SuperGenius personal computers (PCs). In 1999, the product was the one Indian
PC range to obtain US-based National Software Testing Laboratory (NSTL) certification for
the Year 2000 (Y2K) compliance in hardware for all models.Wipro Limited joined with KPN
(Royal Dutch telecom) to form a joint venture company "Wipro Net Limited" to provide
internet services in India.In 2000 Wipro launched Wipro OSS Smart and Wipro WAP Smart.
In the same year, Wipro was listed on the New YorkStock Exchange.

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2001–2010
In February 2002, Wipro became the first software technology and services company in India
To be ISO 14001 certified. Wipro Consumer Care and Lighting Group entered the market of
compact fluorescent lamps, with the launch of a range of CFL, under the brand name of
Wipro Smartlite. As the company grew, a study revealed that Wipro was the fastest wealth
creator for 5 years (1997–2002). It set up a wholly owned subsidiary company (Wipro
Consumer Care Limited) to manufacture consumer care and lighting products. In 2004 Wipro
joined the billion dollar club. It also partnered with Intel for i-shiksha. In 2006, Wipro
acquired cMango Inc., a US-based technology infrastructure consulting firm,and a
Europe-based retail provider. In 2007, Wipro signed a deal with Lockheed Martin. It also
agreed to acquire Oki Techno Centre Singapore Pte Ltd (OTCS) and signed an R&D
partnership contract with Nokia Siemens Networks in Germany.In 2008, Wipro entered the
clean energy business with Wipro Eco Energy.
2011-2018
In April 2011, Wipro signed an agreement with Science Applications
InternationalCorporation (SAIC) for the acquisition of their global oil and gas information
technology practice. In 2012, Wipro employed more than 70,000 temporary workers in the
United States.In 2012, Wipro acquired Australian Trade Promotions Management firm
Promax Applications Group (PAG) for $35 million. Also, in that year, Wipro Ltd. demerged
its consumer care, lighting, furniture, infrastructure engineering (hydraulics and water and
medical diagnostic business) into a separate company to be named 'Wipro EnterprisesLtd'.
Prior to demerger, these companies together contributed about 10% of the revenues of Wipro
Limited.
In 2014, Wipro signed a 10-year $1.2 billion contract with ATCO, a Canadian Energy and
Utilities corporation based in Calgary, Alberta. This was the largest deal in Wipro's history. In
October 2016, Wipro announced that it was buying Appirio, an Indianapolis-based cloud
services company for $500 million. In 2017, the company expanded its operations in London.
In 2017, Wipro Limited won a five-year IT infrastructure and applications managed services
engagement with Grameenphone (GP), a major telecom operator in Bangladesh and
announced it would set up a new delivery centre there.In 2018, the company began building
software to help with the General Data ProtectionRegulation (GDPR) in Europe. In March
2018, Wipro said it would be buying a third of Denim Group. In April 2018, the company
sold its stake in the airport IT services company JV.In August 2018, Wipro paid US$75m to
National Grid US as a settlement for a botched SAP implementation that a 2014 audit

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estimated could cost the company US$1 billion. Wipro had been hired as systems integrator
in 2010, but errors in the rollout, intended to replace an Oracle system, caused serious losses
and reputational damage.To compete with Hindustan Unilever and Procter & Gamble, in May
2018 Wipro Consumer Care and Lighting announced it would increase Indian distribution of
its acquired personal care brands Enchanteur and Yardley. Other recent acquisitions included
Unza Holdings, LD Waxson, and Zhongshan. On 3 May 2018, it was announced that Wipro
was opening manufacturing locations in Andhra Pradesh and Guangzhou. On 4 May 2018, it
was reported that Wipro's stock value had been decreasing. The day earlier, it was reported
that HCL would likely unseat Wipro that quarter as the third largest Indian IT company, after
TCS and Infosys.
2019-2020
In 2019, Wipro Consumer Care and the Ang-Hortaleza Corporation signed a share purchase
agreement for the sale of 100% of the latter's stake in the personal care business of
SplashCorporation, the companies announced on Monday, 29 April. Wipro partnered with
Moogsoft, an AIOps company.In February 2020, Wipro acquired Rational Interaction, a
Seattle-based digital customer experience consultancy.
In July 2020, Wipro announced the launch of its 5G edge services solutions suite built with
IBM software systems.

PROFILE OF WIPRO
Wipro Limited (Wipro) is a global information technology (IT) services company. 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. The IT Services segment
provides IT and IT enabled services to customers. The IT Products segment sells a range of
Wipro personal desktop computers, Wipro servers and Wipro notebooks. The Company is
also a value added reseller of desktops, servers, notebooks, storage products, networking
solutions and packaged software. The Consumer Care and Lighting segment manufactures,
distributes and sells personal care products, baby care products, lighting products and
hydrogenated cooking oils in the Indian and Asian markets. On June 10, 2011, the Company
acquired the Commercial Business Services Business Unit of Science Applications
International Corporation (SAIC) I .
Wipro Technologies is a global services provider delivering technology driven business
solutions that meet the strategic objectives of its clients. Wipro has 55+ 'Centers of

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Excellence' that create solutions around specific needs of industries. Wipro delivers
unmatched business value to customers through a combination of process excellence, quality
frameworks and service delivery innovation. Wipro is the World's first CMMi Level 5
certified software services company and the first outside USA to receive the IEEE Software
Process
Award 2.
Within the Indian market, Wipro is the leader in providing IT solutions and services for the
corporate segment. It offers Systems Integration, Network Integration, Software Solutions
and IT services.
Wipro Limited is a $5 billion Indian conglomerate. It is one of the top IT industries in India.
Wipro Ltd has interests varying from information technology, consumer care, lighting,
engineering and healthcare businesses.Billionaire Azim Premji leads the group.

GENESIS OF WIPRO
Wipro started as a vegetable oil trading company in 1947 from an old mill founded by
Azimpremji's father. When his father died in 1966, Azim, a graduate in Electrical
Engineering from Stanford University, took on the leadership of the company at the age 21.
He repositioned it and transformed Wipro (Western India Vegetable Products Ltd) into a
consumer goods company that produced hydrogenated cooking oils/fat company, laundry
soap, wax and tin containers and later setup Wipro Fluid Power to manufacture hydraulic and
pneumatic cylinders in 1975. At that time, it was valued at $2 million.In 1977, when IBM
was asked to leave India, Wipro entered the information technology sector. In 1979, Wipro
began developing its own computers and in 1981,started selling the finished product. This
was the first in a string of products that would make Wipro one of India's first computer
makers. The company licensed technology from Sentinel Computers in the United States and
began building India's first mini-computers. Wipro hired managers who were computer
savvy, and strong on business experience.In 1980 Wipro moved into software development
and started developing customised software packages for their hardware customers. This
expanded their IT business and subsequently developed the first Indian 8086 chip.Since 1992
Wipro began to grow its roots off shore in United States and by 2000 Wipro Ltd ADRs
(American Depositary Receipts) were listed on the New York Stock Exchange.The
company's revenue grew by 450% from 2002 to 2007. This success has led to higher salaries
(wages have been growing by more than 14% per year since 2005), which puts pressure on
the company's margins

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VISION OF WIPRO
The Vision of WIPRO is to contribute for global e-society, where a wide range of information
is being exchanged beyond time and space over global networks, which breaks down the
boundaries among countries, regions and cultures, allowing individuals to take part in various
social activities in an impartial, secure way.To do continuous effort to enhance people's
lifestyle and quality by means of developing new technology in wireless communication.

MISSION
The Mission of WIPRO is to be a RF System Solution Provider, through its innovative
research and design works for a new world of broadband wireless communications.

GOALS OF WIPRO
● To support customers who rely on our ability as an advanced RF System Solution
Provider
● To build up core competencies through collaboration with technological partners
contribute to the Ubiquitous Networking Society by providing chip level RF system
solutions.

SPIRIT OF WIPRO
● Intensity to win
● Act with sensitivity
● Unyielding integrity
CORE VALUES OF WIPRO
● Outstanding
● Teamwork
● Challenge
● Spirit

CORPORATE CULTURE
Everyday at Wipro is challenging and thought provoking. What is tested is drive, enthusiasm
and initiative. New ideas are appreciated and innovation is encouraged. Necessary support is
given to transform a good plan into action.

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NATURE OF BUSINESSES OF WIPRO
● IT Services: Wipro provides a complete range of IT Services to the organisation. The
range of services extends from Enterprise Application Services (CRM, ERP,
e-Procurement and SCM) to e-Business solutions.Wipro's enterprise solutions serve a
host of industries such as Energy and Utilities, Finance, Telecom, and Media and
Entertainment.
● Product Engineering Solutions: Wipro is the largest independent provider of R&D
services in the world. Using "Extended Engineering" model for leveraging R&D
investment and accessing new knowledge and experience across the globe, people and
technical infrastructure, Wipro enables firms to introduce new products rapidly.
● Technology Infrastructure Service: Wipro's Technology Infrastructure Services
(TIS)is the largest Indian IT infrastructure service provider in terms of revenue,
people and customers with more than 200 customers in US, Europe, Japan and over
650 customers in India.
● Business Process Outsourcing: Wipro provides business process outsourcing services
in areas Finance & Accounting, Procurement, HR Services, Loyalty Services and
Knowledge Services. In 2002, Wipro acquiring Spectramind and became one of the
largest BPO service players.
● Consulting Services: Wipro offers services in Business Consulting, Process
Consulting, Quality Consulting, and Technology Consulting.Knowledge Management
of WIPROThe Wipro KM framework has three main frameworks: 45 LEARNING
KEEP (Knowledge Enhancement, Extraction and Practice) CARE (Competency
Augmentation with Research Excellence).

History OF WIPRO
Milestones
Wipro, one of the world’s most trusted brands, is a name with a long history. Here’s a
snapshot of our journey to date:
● Established in 1945 as Western India Vegetable Products Limited in Amalner,
Maharashtra
● IPO for capital in February 1946
● Ventured in to the fledgling IT industry in 1981
● Established software products and exports subsidiary, Wipro Systems Ltd. in 1983
● Pioneers in marketing indigenous Personal Computers in 1985

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 ● Established a Joint venture with GE in 1989
● Entered IT services in the 1990s – we were among the pioneers in developing the
ODC (Offshore Development Center) concept
● Software business assessed at SEI-CMM Level 5 in 1998
● Listed on NYSE in 2000 (NYSE:WIT)
● The first company in the world to be assessed at PCMM Level 5 in 2001Entered the
BPO business in 2002
● Entered the Eco-energy business in 2008″

ACHIEVEMENTS OF WIPRO:
● First Indian IT Service Provider to be awarded Gold-Level Status in Microsoft's
Windows Embedded Partner Program.
● World's largest independent R&D Services Provider.
● World's 1st PCMM Level 5 software company.
● World's 1st IT Services Company to use Six Sigma.
● The first to get the BS15000 certification for its Global Command Centre.
● Among the top 3 offshore BPO service providers in the world.
● Only Indian company to be ranked among the 'Top 10 Global Outsourcing Providers'
● in the IAOP-Fortune Global 100 listings.
● First company in the world to be certified in BS 7799 (2002) security standards.
● Wipro won the Quest Forum Global Sustainability Awards in the software category
for the year 2017.
● Wipro won the Most Admired Knowledge Enterprise (MAKE) Award for the year
2017.
● Wipro won the "Best Internet of Things Solution Partner Award" by Cisco.
● Wipro’s Next Generation Customer Experience (NGCE) platform won the “Best
Innovation
● Practices for Science and Technology Service Industry in China” award.
● In the FTSE4Good Index Series in 2017, Wipro has been named a constituent.
● For the year 2017, Wipro was selected as a member of Vigeo Eiris Emerging Market
● Sustainability Index (the 70 most advanced companies in the Emerging Market
Region).

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FINANCIAL RESULTS
Wipro reported a 61% rise in third-quarter profit as it added new clients and made
improvements in its pricing structure.Net income under U.S. accounting rules rose to 4.27
billion rupees ($98 million) in the three months ended Dec. 31, from 2.66 billion rupees ($61
billion) a year earlier, slightly higher than analysts expected. Revenues rose 34 percent in the
period.Wipro said it was able to charge new clients more for higher-margin services. The
company added 26 clients in the quarter at the unit serving customers outside Asia-Pacific,
boosting sales to 20.9 billion rupees ($479 million) from 15.6 billion rupees ($357 million) a
a year earlier.
However, gains from price increases were offset by increasing salaries and a huge turnover in
staff in its business process outsourcing (BPO) division. The company continues to use
currency hedging to offset the rising rupee but said the rupee's rise against the dollar remains
a challenge."Looking forward, the environment we see is one of strong volume growth with
prices are moving in a narrow band," Wipro Chairman Azim Premji said. "The rupee
appreciation will pose an additional challenge in sustaining profitability. "Wipro expects
fourth-quarter revenue to rise to $370 million from last quarter's $367 million. Wipro added
2,274 employees at the unit serving customers outside Asia-Pacific in the quarter, bringing its
total workforce to 39,337.Wipro's larger rivals Tata Consultancy and Infosys this month both
reported profit gains of more than 50 percent for the quarter.
Tata Consultancy's net income rose 54 percent on sales 38 percent higher. Infosys said profit
rose 52 percent from a year earlier as sales gained 49 percent to 18.8 billion rupees.
The two companies together added about 4,800 workers in the quarter Knowledge

Management in WIPRO:
Since its inception, Wipro, with its open culture, has believed in cultivating knowledge and
with its business expanding, it has become all the more critical to get knowledge intensive,
and implement an enterprise wide KM system. Since there is no accepted standard framework
for KM, Wipro has evolved a framework in accordance with its needs, to achieve its business
vision. It has been designed to build on the existing efforts in the organisation and enhance
the culture of knowledge sharing and utilisation. To build and sustain a KM system, a cultural
change in the propensity to share knowledge is fundamental, which is the most difficult part
of knowledge management. An organisation should be able to induce the requisite
behavioural change among people who are the contributors and users of knowledge. It

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requires strong leadership to bring in cultural changes, set the right direction, and
continuously monitor progress. Using appropriate rewards and recognition programmes is
also necessary. This framework encourages both bottom-up and top-down approaches to
accelerate the culture change.

Objectives Knowledge Management in Wipro

Mature the organisation to a competency based and knowledge driven organisation.
Enable new technology/practices adoption for diversification and growth.
Develop a competency extension framework to create new business opportunities.
Knowledge Management of WIPRO.
The Wipro KM framework has three main frameworks.

LEARNING
KEEP (Knowledge Enhancement, Extraction and Practice)
CARE (Competency Augmentation with Research Excellence).
Wipro's KM Practices
Wipro follows meticulous KM practices in order to excel in its ITeS business.

Some of the best practices followed by Wipro Technologies are:

KM servers are maintained for each and every individual development centre, which
integrates with Wipro's main KM server. Each and every individual employee will have read
only access to this database and authors will have the read/write permissions for their
respective articles.Each and every team is having a KM lead who administers the team's KM
database. KM leads collects the information from all members of the team and are
responsible for editing and uploading them into the central KM database of Wipro.
Weekly KM meetings are held by each and every team. Apart from trainings given to
freshers; various discussions and brainstorming sessions are conducted NSE-I:WIPROWhat
Should You Know About The Future Of (NSE:WIPRO)?
a Simply wall st t May 8, 2018 Based on Wipro Limited's (NSE:WIPRO) earnings update in
March 201 8, analysts seem cautiously bearish, as a 4.26% rise in profits is expected in the
upcoming year, against the higher past 5-year average growth rate of 8.00%. Currently with
earnings of?80.08B, we can expect this to reach 83.50B by 2019. In this article, I've outline a
few earnings growth rates to give you a sense of the market sentiment for Wipro in the longer
term. Investors wanting to learn more about other aspects of the company should

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research its fundamentals here :-
Can we expect Wipro to keep growing? What Should You Know
About The Future Of Wipro Limited(NSE:WIPRO)?
The longer term view from the 35 analysts covering WIPRO is one of positive sentiment.
Given that it becomes hard to forecast far into the future, broker analysts tend to project
ahead roughly three years. To reduce the year-on-year volatility of analyst earnings forecast,
I've inserted a line of best fit through the expected earnings figures to determine the annual
growth rate from the slope of the line.
NSE-I:WIPRO Future Profit May 7th 18
NSE:WIPRO Future Profit May 7th 18
This results in an annual growth rate of 6.70% based on the most recent earnings level of
00.08B to the final forecast of 07.40B by 2021. EPS reaches ?21 .1 in the final year of
forecast compared to the current ? 16.86 EPS today. The primary reason for earnings growth
is due to cost-cutting initiatives, since the top-line is predicted to rise at a slower pace than
earnings. Margins is currently sitting at 14.70%, which is expected to expand to 15.40% by
2021.
Next Steps:
Future outlook is only one aspect when you're building an investment case for a stock. For
Wipro, there are three essential factors you should further examine:
● Financial Health: Does it have a healthy balance sheet? Take a look at our free
balance sheet analysis with six simple checks on key factors like leverage and risk.
● Valuation: What is Wipro worth today? Is the stock undervalued, even when its
growth outlook is factored into its intrinsic value? The intrinsic value infographic in
our free research report helps visualise whether Wipro is currently mispriced by the
market.Other High-Growth Alternatives :Are there other high-growth stocks you
could be holding instead of Wipro? Explore our interactive list of stocks with large
growth potential to get an idea of what else is out there.

Milestones
● 1990:Incorporation of Wipro-GE medical systems
● 1992:Going global with global IT services division
● 1993:Business innovation award for offshore development
● 1995:Wipro gets ISO 9001 quality certification, recertified twice for mature processes

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 ● 1997:Wipro gets SEI CMM level 3 certification,enterprise wide processes defined
● 1998:Wipro first software services company in the world to get SEI CMM level 5
● 1999:Wipro's market capitalization is the highest inIndia
● 2000:Start of the Six Sigma initiative, defects prevention practices initiated at project
level
● 2001:First Indian company to achieve the "TL 9000 certification" for industry specific
quality standards
● 2001:World's first PCMM Level 5 company
● 2001:Ranked 87 among 100 best performing technology companies globally
(BusinessWeek, June 2001)
● 2002:World’s first CMMi ver 1.1 Level 5 company
● 2002:Ranked the 7th software services company in the world by BusinessWeek
(Infotech 100, November 2002)

DISASTER RECOVERY PLANNING

An estimated 94% of companies without a tested crisis plango out of business after a severe
loss of service.With increased dependency on IT Infrastructure to run business effectively and
efficiently, organisations need to know how to protect the business if the IT Infrastructure
Fails. 'Disaster-Recovery Plans' articulate the means to protect organisations in case of such
eventualities.Wipro offers a comprehensive solution that helps organisations face any
eventuality of this kind and ensures that organisations recover smoothly from the disaster in
the shortest possible time

The offering covers:

● Study of the existing IT Infrastructure set-up at various sites of the organisation and of
the existing disaster recovery practices.
● Identification of threats to the services, arising out of the faults in IT products and
services of the organisation.
● Conducting Risk Analysis and Business Impact Analysis(BIA) of various threats to
the resources/functions and categorising the risks based on the impact.
● Designing and recommending solutions to cover the resources from the threats (risks).
● Implementation of the recommended solutions including hot sites, high availability
solutions, networks and storage systems.

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EXECUTIVE PROFILE

AZIM PREMJI

AZIM H PREMJI
The Chairman of Wipro CorporationAn alumnus of Stanford University, USA, Mr. Azim H
Premji joined Wipro in 1966 at the age of 21.Under his leadership, a Rs.70 million company
in hydrogenated cooking fats has grown to a $500 million diversified, integrated corporation
in services, technology products and consumer products with leadership positions in the
businesses it is in.A role model for young entrepreneurs across the world, Mr.Azim Premji
has integrated the country's entrepreneurial tradition with professional management, based on
sound values and uncompromising integrity.

Mr. Azim Premji's strength lies in bringing together and building charged teams of high
potential, high performing people. His vision and pragmatism have helped WiproCorporation
become the 2nd most competitive and successful company in India as rated by Business
Today, a leading business magazine in India. Wipro in terms of market capitalization is
among the top 10 corporations in India.Mr. Premji very strongly believes that the most
important contributors to Wipro's success have been the articulations and faithful adherence
to core values, a shared vision for the future, identification and development of Wipro leaders
through clearly defined Wipro leaders' qualities.A hands-on business leader with standards of

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excellence in everything that the corporation does, Mr. Premji is almostfanatical about
delivering value to customers and his willingness to sacrifice business and profits to hold on
to"Our Promise".Mr. Premji was the prime mover behind Wipro's decision to achieve "Six
Sigma'' status. In his address to the top management of Wipro Corporation on May 2, 1997,
he said,''The end objective of our 'customer-in' concept is that we want to build the voice of
the customer in our products and services. This is opposite to the concept of
'product-out',which is the way the world has been operating for some time."In this journey of
achieving the near defect-free products and services, Mr. Premji is very clear that as a world
class organisation, what Wipro needs to be concerned about is the process, not merely the
results.

VIVEK PAUL

Vivek Paul is Vice Chairman of Wipro, Ltd. and the Presidentof its Wipro Technologies
Division, based in Mountain View,CA.Wipro Technologies is a global information
technology, product development/maintenance, and business process solutions provider with
over 18,000 employees and offices in30 locations around the world. Wipro
Technologiescontributes more than 90% of the profitability of Wipro, Ltd.,a $7b market cap
corporation.Since assuming this role, revenues at Wipro Technologies Have grown at over
45% a year and operating profits have grown at over 50% a year, compounded, catapulting it
into theBusiness Week Global Infotech 100, and allowing a successful listing on the New
York Stock Exchange.Mr. Paul brought a strong focus on values, building human capital and
establishing leadership in quality processes. Thisfocus transformed Wipro to become a leader

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in its field with the widest range of services, recognized quality leadership,and a transforming
workforce that went from coding to complex program management to consulting and
architecting.Leading analyst research firms Gartner and META rate Wipro As the leader in
the offshore application outsourcing market and a high quality solution provider who has
moved up the value chain. Recently Butler Group , a research firm focused on the IT market,
quoted in one of their reports that - "Wipro Is well placed to compete with the largest players,
having established an enviable reputation for the quality of its delivery and the value it brings
to its business relationships".Prior to this role, Mr. Paul was based in Milwaukee, WI, andran
GE's Global CT (Computerised Tomography) Scanner business with nearly $1 billion in
revenues, reporting directly to the current Chairman of GE. Mr. Paul drove productivity
through developing a design and build capability in China for the economy range, drove
design cooperation across development teams in France, Japan and the US to step up the pace
of new product introductions, and launched breakthrough products through the pioneering
application of Six Sigma Techniques. This success was noted by the business bestseller
book, Six Sigma.Prior to this role, Mr. Paul was President and CEO of GE medical
equipment joint venture with Wipro. Mr. Paul was part of the venture as a new start-up, to its
becoming a global design and manufacturing base for ultrasound equipment, as well as a
leader in the distribution and service of medical imaging equipment in the South Asian
markets.His efforts in all three roles (Wipro, Wipro GE and GE) have been noted in the
business media (Business Week, Economist,Forbes, Fortune, NYT, WSJ, etc.) and have been
used as case studies at leading business schools (Harvard, Wharton,Insead, etc.). A January
2003 segment in Business Week citedWipro as "the live wire in Indian high tech", and a
February2003 issue of "Economist " mentioned "Wipro aspires to be a global force in the IT
industry". Fast Company reported after visiting Wipro in its February 2003 issue "there are
certain moments when you can see the future with such clarity that it nearly takes your breath
away".Prior to working at GE, Mr. Paul worked at Bain & Co.,Boston, a leading strategy
consulting firm and at PepsiCoInc., Purchase, NY in their M&A area. Mr. Paul received
anMBA from University of Massachusetts at Amherst. Hereceived a Bachelor of Engineering
degree from B.I.T.S.,Pilani, India in Electrical & Electronics Engineering, where he was also
Captain of the Swim and Water Polo teams.Mr. Paul is a member of the Board of the
California Chamber of Commerce, and Vice Chairman of its TechnologyCommittee. He is a
member of the B.I.T.S Senate, on the advisory board of Stanford University's Radiology
Department And a charter member of The Silicon Valley IndusEntrepreneurs Organization.

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WIPRO GROUP COMPANIES

● Wipro Enterprises (P) Limited

Wipro Enterprises (P) Limited (Formerly Azim Premji Custodial Services Private Limited),
was incorporated under the Provisions of Companies Act, 1956, is headquartered in
Bangalore, India. The Company primarily carries on the businesses of Consumer care
products, Domestic & Commercial lighting and Infrastructure engineering which were
transferred pursuant to the Scheme of Arrangement of Wipro Limited (“Wipro”) with effect
from March 31, 2013, with the appointed date as on April 1, 2012.

Wipro Enterprises (P) Limited comprises of two main divisions

● Wipro Consumer Care and Lighting (WCCLG)

Wipro Consumer Care and Lighting (WCCLG) is among the top fastest growing FMCG
companies in India. It has a strong brand presence in personal care and skin care products in
South-East Asia and Middle-East apart from significant market share in identified
segments.Today WCCLG has a global workforce of 8300 serving over 40 countries. WCCLG
business includes multiple product ranges from Personal care (Soaps, Toiletries), Baby care,
Wellness Electrical wire devices, Lighting and Modular Office Furniture. To read more on
WCCLG,

● Wipro Infrastructure Engineering (WIN)

Wipro Infrastructure Engineering (WIN) is the largest independent hydraulic cylinder
manufacturer in the world, delivering around 2 million cylinders to OEMs in different
geographies. WIN has global workforce of over 1,700 committed and skilled people, and 14
state-of-the-art manufacturing facilities across India, Northern Europe, Eastern Europe, US,
Brazil and China.WIN specialises in designing and manufacturing custom Hydraulic
Cylinders (double acting, single acting and telescopic cylinders), Actuators and Precision
engineered components for infrastructure and related industries such as Construction &
Earthmoving, Material/Cargo Handling & Forestry, Truck Hydraulic, Farm & Agriculture,
Mining, and Aerospace & Defence. To read more on WIN,
Wipro Enterprises (P) Limited also has two associates

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 ● Wipro GE Healthcare Private Limited

Wipro Kawasaki Precision Machinery Private Limited

Group Executive Council
Azim H. Premji
Founder Chairman

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Rishad Premji
Chairman

Anand Padmanabhan
President, Business Development and Strategic Sales

Anurag Behar

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CEO, Azim Premji Foundation

Bhanumurthy B. M.
President and Chief Operating Officer

Jatin Dalal

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Chief Financial Officer

Milan Rao
President – Marketing, Innovation & Technology, and Global Head - Manufacturing &
Communications Business

Nalinikanth Gollagunta

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President & CEO of GE Healthcare – India & South Asia

N. S. Bala
President, Energy, Natural Resources, Utilities & Construction

Pratik Kumar

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CEO, Wipro Infrastructure Engineering

Rajan Kohli
President, Wipro Digital

Saurabh Govil

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President & Chief Human Resources Officer

Srini Pallia
President, Consumer Business

Vineet Agrawal
CEO, Wipro Consumer Care & Lighting

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 ● Azim Premji is the chairman of Wipro Limited.officer in Wipro.
● Thierry Delaporte is the CEO of Wipro.
● Rishad Premji is the Chief strategy Wipro Limited is a market leading Information
Technology, consulting and business process services company. Wipro utilises the power of
analytics, robotics, cloud and other emerging technologies to help clients spread across six
different continents to adapt to the current digital trend and help them thrive to success.
Wipro has over 1,75,000 dedicated employees serving together and building a bold and new
future. The amount of revenue generated by Wipro in the financial year 2020 is 972 crores
USD.Wipro Limited, also known as Western India Products Limited is an Indian information
technology company established by Mohamed Hashem Premji as 'Western India Vegetable
Products Limited' in 1945 which was later abbreviated to Wipro. It was previously set up as a
refined edible oil manufacturer in Amalner, Maharashtra. After Mohamed Premji's death in
1966 his son Azim Premji took charge of the company at a young age of 21. The year 1980
marked the arrival of Wipro in the Information Technology domain.

WIPRO LIMITED VISION, MISSION, VALUES STATEMENTS

The Spirit of Wipro is the core of Wipro. These are our Values. It is about who we are. It is
our character. It is reflected consistently in all our behaviour. The Spirit is deeply rooted in
the unchanging essence of Wipro. But it also embraces what we must aspire to be. It is the
indivisible synthesis of the four values. The Spirit is a beacon. It is what gives us direction
and a clear sense of purpose. It energises us and is the touchstone for all that we do.

Wipro Limited Vision Statement

Contribute for global e-society, where a wide range of information is being exchanged
beyond time and space over global networks, which breaks down the boundaries among
countries, regions and cultures, allowing individuals to take part in various social activities in
an impartial, secure way. Continuous effort to enhance people's lifestyle and quality by means
of developing new technology in wireless communication.

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Wipro Limited Values
● Be passionate about clients' success
● Be global and responsible
● Treat each person with respect
● Unyielding integrity in everything we do
Headquarters of the company
Bangalore, Karnataka, India

Wipro Tagline
Wipro previously had a tagline " Applying thought" from (1998-2017) but now it has been
retired.In 2017 Wipro Launched New Logo for new brand identity and rearticulated "Spirit of
Wipro" to underscore wipro's commitment to transformation & evolving client expectation.
Wipro follow below principles
● Be passionate about client's success
● Be global and responsible
● Treat each person with respect
● Unyielding integrity in everything we do

Awards and Recognition

● Wipro won the Quest Forum Global Sustainability Awards in the software category
for the year 2017.
● Wipro won the Most Admired Knowledge Enterprise (MAKE) Award for the year
2017.
● Wipro won the "Best Internet of Things Solution Partner Award" by Cisco.
● Wipro’s Next Generation Customer Experience (NGCE) platform won the “Best
Innovation Practices for Science and Technology Service Industry in China” award.
● In the FTSE4Good Index Series in 2017, Wipro has been named a constituent.
● For the year 2017, Wipro was selected as a member of Vigeo Eiris Emerging Market
Sustainability Index (the 70 most advanced companies in the Emerging Market
Region). In 2018, Wipro received ATD's Best of the BEST Award.
● In March 2017, Wipro was recognized as one of the world's most ethical companies

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 by US-based Ethisphere Institute for the sixth consecutive year.
● In May 2016, it was ranked 755th on the Forbes Global 2000 list.
● Wipro won Gold Award for ‘Integrated Security Assurance Service (iSAS)’ under the
‘Vulnerability Assessment, Remediation and Management’ category of the 11th
Annual 2015 Info Security PG's Global Excellence Awards.
● Wipro won 7 awards, including Best Managed IT Services and Best System Integrator
in the CIO Choice Awards 2015, India
● In 2014, Wipro was ranked 52nd among India's most trusted brands according to the
BrandTrust Report, a study conducted by Trust Research Advisory.
● Wipro was ranked 2nd in the Newsweek 2012 Global 500 Green companies.
● Wipro received the 'NASSCOM Corporate Award for Excellence in Diversity and
Inclusion, 2012', in the category 'Most Effective Implementation of Practices &
Technology for Persons With Disabilities'.
● In 2012, it was awarded the highest rating of Stakeholder Value and Corporate
Rating1 (SVG 1) by ICRA Limited.
● Wipro was honoured as 2010 Microsoft Country Partner of the Year Award for India.
● It received National award for excellence in Corporate Governance from the Institute
of Company Secretaries of India during the year 2004.

WIPRO INFRASTRUCTURE
Wipro is geared for global delivery with offices and development centres that span the globe.
● Locations spanning the globe
● 27 offices worldwide
● Over 1,450,000+ sq. ft. of development facilities
● 30 development centres worldwide
● state-of-the-art communication facilities
● Giga speed cabling - guaranteed 10MBPS to desktop
● 30+ international links - data, voice and video
● Data, voice and video, ISDN back-up for full redundancy. Wipro campuses are
designed to provide comfortable and productive work environments. In Addition to
cutting-edge facilities, they featured workspaces that enable creative thinking and
encourage participatory and proactive value systems. Wipro's Commitment to the
environment and safety consciousness is reflected in their ISO 14001

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 certification.Business continuity Wipro provides multi-site services to global
customers and have the relevant experience, processes and methodologies for a
successful transition. Robust business continuity plans are in place for data, systems
and people.

WIPRO VISION IN 2008

Business Leadership
Among the top 10 Information Technology Services Companies globally and # 1 Information
Technology company in India.

Customer Leadership
The #1 choice of the customer through innovative solutions and Six Sigma processes.People
Leadership Among the top 10 most preferred employers globally by creating an environment
of empowerment, intellectual challenge and wealth sharing.Brand LeadershipWipro Brand to
be among the top 5 most admired brands inIndia

QUALITY AT WIPRO

Quality consulting and software quality

At Wipro, quality is like integrity - non-negotiable. Wipro pursues quality with a missionary
zeal and have put in place robust processes to ensure that Wipro delivers quality with
six-sigma consistency. Veloci-Q, our holistic, enterprise wide quality approach integrates
multiple quality processes like Six Sigma, SEI CMM, PCMM and CMMi to deliver
measurable business benefits with enhanced productivity up to 35%, cost savings upto 35%
and faster time-to-market up to 75%.

Salient features of our quality program

● Most mature Six Sigma program in the industry-ensures that 91 % of our projects are
completed schedule, much above the industry average of 55%
● World's first company to be awarded PCMM Level 5 andCMMI Level 5
● World’s first SEI CMM ver 1.1 Level 5 software services company
● Defect prevention-post release defect rates at less than 0.2 per KLOC, amongst the
lowest in the industry.

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 ● Cycle time reduction due to lower rework rate.
● Cost of failure avoidance and high project visibility

What it means for customers

The assurance that quality will never be compromised be it product, process or service
quality. That's why Wipro is preferred partner for global leaders such as Thomas
Cook,nPower, Home Depot, Seagate, Lucent, Nokia, EastmanChemicals and 300 others

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