Wipro Limited

Building a bold tomorrow

Public
 Overview
• Global Technology Services firm with business over in 55 countries
• Services offered: Partners
• Third party IT products – cloud computing, storage, networking information, enterprise solutions ecology
• Business Process Outsourcing
Cisco
• Operating Segments:
EMC2
• IT products – selling IT products and proving services to customers
SAP
• ISRE – providing IT services to the government
Oracle
• Competitive Advantage • Competitive Pricing
Microsoft
• Skilled Professionals
• Artificial Intelligence (AI)
• Customer trust & loyalty
Amazon
Salesforce
a CAG R of over 6.5% in
the last 10 years*
$7,895 $8,120 $8,256
Google
ss has grown at $7,705
IT Services Busine $6,618
$7,082 $7,346 HP
$5,921 $6,218
$4,323 $4,390
$5,221 Enterprise
$3,647
IBM

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019. 2020
 Realization of their vision through our strategy
1. Business Transformation 2. Modernization 3. Connected Intelligence 4. Trust

• Consulting led approach across • Integrated Cloud first approach across • Data to Intelligence to Outcomes- DDP & • Address changing security, privacy &
Domain & Technology Apps, Infra & Data e.g. Cloud Studio HOLMES regulatory landscape through a
• Hyper-Automation delivered through • Leveraging strong industrial & engineering consulting led approach to Cyber-
• Strategic design capabilities e.g. security
Wipro HOLMES service capabilities & assets – Autonomous
Designit, Cooper
• Modernization of IT landscape systems, 5G, IOT • Collaboration with security ecosystem
partners & governing bodies
• API & Microservices
• New ways of working i.e. Agile,
DevOps & Crowdsourcing

Enabled by
Talent
π & X shaped talent | Local & Distributed | Product managers, Full stack engineers | Topcoder – Crowdsourcing talent @ scale

IPs/Platforms
IP as a core differentiator in solution | BPaaS addressing Industry & Horizontal processes

Open Innovation Ecosystem

M&A | Wipro Ventures (Start Up Ecosystem) | Partner Ecosystem | Horizon Program | Academia & Expert Networks | Crowdsourcing innovation

Public
High Level Summary – Income
Statement & Balance Sheet

• Revenue Stayed Level with 2020

• Travel Expenses decreased by $13 billion INR
• Jump  costs main cause of decrease in Gross  
Profit
• Only significant asset increase was a 50%
increase in equipment
• Heavy increase in liabilities was due to an
increase in short- and long-term borrowings
• Equity also remained stable from 2020 to 2021
High Level Summary –
Cash Flow Statement

•Operating activities increased greatly

due to an increase in receivables, and
depreciation expenses 
•Significant changes in investing activities
is mainly due to the sale of data centers
in 2020
•Financing activities were stable except
for a noticeable decrease of $30 billion
INR for loan repayments in 2021
 Segment Performance
Segment YoY changes YoY changes (%) of Revenue
Performance      
( INR ₹ millions) 2019 2020  (₹ ) (%) 2021  (₹ ) (%) 2019 2020 2021

IT Services 568,253 593,798   25,545  4.5%   605,815.00    12,017.00  2.0% 96.5% 96.8% 97.3%

         (655)
IT Products 12,312 11,657 -5.3% 7,685    (3,972.00) -34.1% 2.1% 1.9% 1.2%

         (594)
ISRE 8,544 7,950 -7.0% 8,912         962.00  12.1% 1.5% 1.3% 1.4%

Total Revenue 589,109 613,405     24,296.00  4.1% 622,412     9,007.00  1.5% 100.0% 100% 100%

Performance
Segment Overview
IT Services 
• Wipro’s business is comprised of the IT Services, IT Products and ISRE Revenue increased by 2.0% in 2021 compared to 2020. 
segments.
• IT Services: IT and IT-enabled services advisory, customer-design, IT Products
 Revenue of the IT Products segment declined by 34.1%,
consulting, infrastructure analytic services, business process services to
 Due to the firms change in strategy to focus on providing IT products as
the leading enterprises worldwide.
• IT Products: Third-party IT products, which allow Wipro to offer a complement to IT services offerings, 
rather than selling standalone IT products, as well focus on
comprehensive IT system integration services including computing,
consulting and digital engagements.
platforms and storage, networking solutions, enterprise security and
ISRE
software products. IT products are provided as a complement to IT
Revenue of the ISRE segment increased by 12.1%, primarily due to
services offerings.
• ISRE: IT Services to organizations owned or controlled by the Indian State improved execution of deals during the year.
Recorded a profit of 1,061 million for the year ended 2021 compared to
Governments. 
a loss of 1,849 million for the year ended 2020.
•In 2021, the Company re-organized segments to four SMUs
(Strategic Market Units).
• Americas 1, Americas 2, Europe and APMEA. 
• Americas 1 and Americas 2 are primarily organized by
industry sector, while Europe and APMEA are
organized by countries
Performance
•SMUs, except for Americas, grew during the year, led by Europe
and APMEA.
•The growth was a result of execution of large deals and
acquisitions, as well as depreciation of the Indian Rupee against
foreign currencies, including Euro, Pound Sterling and Australian
Dollar.
•Decline in revenues from Americas was primarily due to
reduction in revenue in the banking, financial services and
insurance sector and manufacturing sector.
•
Can see consistent improvement on company returns as ROA,
ROE and ROIC have all improved in the past 3 Fiscal years.
•Profitability also shows improvement and is demonstrated by
growth in Operating, Gross & Net Income margins
•D/E has increased in 2021 primarily due to several acquisitions
completed across key markets, including the US, Europe, LATAM,
Australia and India.
•Business efficiency is improving and can be seen by rapidly
growing inventory turnover rate.
Key Performance Indicators

NUMBER OF INTELLECTUAL TRAINING AND

EMPLOYEES CAPITAL DEVELOPMENT
 Number of Employees

• 201,665 in FY2021 (7% and 15% growth from FY2020 and FY2019, respectively)
• Among those in FY2021, 27% are new hires (9% and 10% decrease than those of FY2020 and FY2019)
• This reveals a lower turnover rate in FY2021, in spite of the COVID-19 pandemic.

Intellectual Capital

• ₹ 3703 million in FY2021 with a 20% and 6% decrease than FY2020 and FY2019. (Mainly because of the shift of work
in the pandemic)
• 2085 patents filed and 904 have been granted (11% decrease in growth rate) during FY2021
• The decreased spending on intellectual capital can have a material and adverse impact on the productivity of the
business
Training and Development

• 14.2 million hours in training and development (T&D) in FY2021

• 100.5 hours and $118.7 per FTE on T&D in FY 2021
• Increased spending ($4) but decreased time (1 hour )per FTE on T&D than last year.
 Business Risks

Counter party risk

Foreign currency risk
Credit Risk encompasses issuer risk
As this company operates
Credit risk arises from the on marketable securities,
internationally and a major
possibility that customers settlement risk on
portion of their business is
may not be able to settle derivative and money
transacted in several
their obligations as agreed market contracts and
currencies, making them
credit risk on cash and
exposed to currency
time deposits.
fluctuation.