Wipro Technologies
"Applying Thought"
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| Public | |
| Traded as | : : WIPRO : WIT BSE SENSEX Constituent CNX Nifty Constituent |
| Industry | IT services, IT consulting |
| Founded | 29 December 1945 (Mumbai, Maharashtra) |
| Founder | Mohamed Hasham Premji |
| Headquarters | Bangalore, Karnataka, India |
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Area served
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Worldwide |
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Key people
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Azim Premji (Chairman) Abidali Neemuchwala (CEO) |
| Services | Digital Strategy, Business Consulting and IT Services |
| Revenue |
 US$7.735 billion (2016) |
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US$1.463 billion (2016) |
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| Profit |
US$1.348 billion (2016) |
| Total assets |
US$10.94 billion (2016) |
| Total equity |
US$7.070 billion (2016) |
| Owner | Azim Premji (75%) |
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Number of employees
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173,863 (June 2016) |
| Website | www |
Wipro Limited (Western India Palm Refined Oils Limited or more recently, Western India Products Limited) is an Indian Information Technology Services corporation headquartered in Bangalore, India.
In 2013, Wipro demerged its non-IT businesses into a separate companies to bring in more focus on independent businesses.
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The company was incorporated on 29 December 1945, in Amalner a small town in Jalgaon district 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, India under the trade names of Kisan, Sunflower and Camel. The company logo still contains a sunflower to reflect products of the original business.
In 1966, after Mohamed Premji’s death, his son Azim Premji returned home from Stanford University and took over Wipro as its chairman at the age of 21.
During the 1970s and 1980s, the company shifted its focus to new business 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.
The year 1980 marked the arrival of Wipro in the IT domain. In 1982, the name was changed from Wipro Products Limited to Wipro Limited. Meanwhile, 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.
In 1988, Wipro diversified its product line into heavy-duty industrial cylinders and mobile hydraulic cylinders. 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. Later, in 1991, tipping systems and Eaton hydraulic products were launched. The Wipro Fluid Power division, in 1992, developed expertise to offer standard hydraulic cylinders for construction equipment and truck tipping systems. The market saw the launch of the "Santoor" talcum powder and "Wipro Baby Soft" range of baby toiletries in 1990.
In 1995, Wipro set up an overseas design centre, Odyssey 21, for undertaking projects and product developments in advanced technologies for 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 became a more profitable, diversified corporation with 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.
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Wikipedia