Wipro Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Wipro Limited, with revenue of USD 11.3 billion in FY2023 is a technology services and consultancy company which focuses on creation of solutions that would transform clients’ needs digitally. Wipro Limited has a client base of over 1400 clients globally across 65 countries. Wipro Limited has strong global recognition due to its holistic portfolio capability to meet client’s needs. Wipro Limited has over 2.45 Lakhs dedicated employees serving its clients throughout the world for the past 78 years.
All the Wipro group companies come under Wipro Enterprises (P)Limited, which consists of Wipro Consumer Care and Lighting (WCCLG) and Wipro Infrastructure Engineering (WIN) as its two major divisions. Also , Wipro Enterprise (P) Limited contains two associate’s businesses namely, Wipro GE Healthcare Private Limited and Wipro Kawasaki Precision Machinery Private Limited and also offer diverse software and technological services.
Wipro share price as on 4th April ,2024 was Rs.484.10. Traders can get live Wipro Share price on the Enrich Money stock analysis page.
Wipro Limited Moves In 2024
January 2024
Wipro Limited founder Azim Premji has transferred his shares in Wipro IT worth Rs. 483 crores to his son Rishad and Tariq as a gift.
Wipro Limited showcased its Wipro Car 2.0 , latest smart energy management solution suite of Wipro and Live TV in Car innovated by Wipro's NextGen TV at CES 2024 ( global stage for innovation), Las Vegas.
Wipro and Microsoft welcomed Swiss manufacturing industry leaders and technological innovators for a conversation on end-to-end GenAI manufacturing transformation ecosystems.
Wipro Limited sponsored the Oracle CloudWorld event at Dubai. This event focussed on the cloud computing community to connect, collaborate and learn complex business challenges.
As of January 2024, Wipro Share Price was Rs.518.60
February2024
An event was organized at the Jio World Convention Centre, Mumbai to exhibit on how Oracle Cloud maximizes business value and digital transformation using Wipro's cloud capability.
Wipro Limited showcased its 5G, 6G, AI connectivity features and Edge computing expert features in MWC Barcelona 2024.
Wipro Limited collaborated with Intel Foundry to design and develop advanced chips.
Wipro Limited entered into a partnership with IBM to offer advanced AI support and services to its clients.
Wipro FullStride Cloud has facilitated the manpower Groups' business transformation.
Wipro in a joint venture with Nokia launched 5G private wireless services to enhance enterprise digital transformation.
Wipro teamed up with General Motors, Magna and developed 'SDVerse' an automotive software market.
As of February 2024, Wipro Share Price was Rs.480.10
March 2024
Wipro Limited , as a platinum sponsor for the Oracle Energy and Water Customer Edge Conference conducted a session and also created a forum to learn about best practices and trends about the energy and water's future.
Wipro entered into an agreement with Desjardins to use its NetOxygen platform to develop consumer banking services.
Wipro has entered into a collaboration with Indian Institute of Science for AI Master's Program.
Wipro in partnership with Nutanix launched the Nutanix business unit.
As of March 2024, Wipro Share Price was Rs. 481.20
Evolution Of Wipro Limited: From Past to Present
|
Year |
Evolution |
|
1945 -1965 |
Mohamed Husain Hasham Premji converted his father’s grain trading business into a manufacturing business. |
|
Launched his first project of oil mills on western India vegetable products, headquartered at Bombay. |
|
|
Dr. Gulbanoo Premji , wife of Mohamed Husain took over as the chairperson of Western India Vegetable Products. Set up Cerebral Palsy Medical Unit |
|
|
1966 -1978 |
Azim Premji, son of Mohamed Husain , after the demise of his father, took over the management of the family business. |
|
Transformed the vegetable oil family business into a brand-oriented company. |
|
|
Western India Vegetable Products renamed and registered as Wipro, headquartered at Bombay. |
|
|
August 1979 |
Recruited members for its IT division. |
|
October 1979 |
Wipro applied for a license to develop, manufacture and market minicomputers. |
|
1989 |
Wipro started manufacturing diverse products ranging from computer systems, consumer products and industrial equipment. |
|
1991 -1995 |
Wipro started its global business . Wipro partnered with leading technological companies to enhance its IT services. |
|
1996 |
Wipro shifted its headquarter base from Bombay to Bangalore. |
|
2000 |
Wipro achieved to be a One Billion Dollar company. Wipro Listed in New York Stock Exchange. |
|
2019 |
Azim Premji retired from Executive Chairman of Wipro Limited succeeded by Rishad Premji as New Chairman of Wipro Limited. |
|
July 2020 |
Thierry Delaporte took over as CEO of Wipro Limited. |
|
Company Information |
|
|
Name |
Wipro Limited |
|
Founded year |
29th December 1945 |
|
Parent Company |
Western India Vegetable Products Limited (1945-1977) Wipro Products Limited (1977-1982) |
|
Headquarters |
Sarjapur Road, Bangalore, India |
|
Industry |
Information Technology |
|
Current Executive Chairman & CEO |
Rishad Premji (Executive Chairman) Thierry Delaporte (CEO) |
|
Subsidiaries |
Appirio Topcoder Capco Designit |
|
Revenue |
USD 11 billion (2023) |
|
Geographical presence |
Worldwide |
|
NSE code |
NSE: WIPRO NSE NIFTY 50 Constituent |
|
BSE code |
BSE: 507685 |
Inside Wipro Limited
Main News / Corporate Action
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Wipro Limited has announced its Q3FY2023 end result in which it has reported that its gross revenue reached Rs, 222.1 billion which is less on QoQ basis, Net income increased on QoQ basis by 1.8% to Rs. 26.9 billion. Also, Wipro Limited has paid an interim dividend of Rs.1 per share. During this period, Wipro share price was Rs. 477.13 in December,2023.
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Wipro Limited has made investment in Aggne in order to enhance its capabilities in consultancy services in the Insurance sector.
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Wipro Limited has appointed Anne-Marie Rowland has its CEO of Capco
Wipro Technologies Share Price
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Wipro Limited |
Software & IT Services |
Milestones of Wipro Limited
|
Year |
Milestones |
|
29th December, 1945 |
Founded ‘Western India Palm Refined Oils Limited’ by Mohamed Husain Hasham Premji. |
|
1966 |
Azim Premji took over the family business at the age of 21. |
|
7th June, 1977 |
Western India Vegetable Products Limited renamed as Wipro Products Limited. |
|
1980 |
Diversified and ventured into IT business. Collaborated with Sentimental Corp. (US company) to manufacture mini computers. |
|
1982 |
Manufactured computer hardware and developed software . |
|
1983 |
Launched manufacture of hydraulic tipping systems. |
|
28th April , 1984 |
Wipro Products Limited renamed as Wipro Limited. |
|
1987 |
Launched soaps named Ralak and Wipro Jasmine |
|
1988 |
Wipro diversified into heavy duty industrial cylinders and mobile hydraulic cylinders. |
|
1990 |
Launched Wipro Baby Soft products called Santoor Talcum Powder. |
|
1991 |
Launched Tipping Systems. Invested Rs.40 crores to set up a high technology plant and R&D center to manufacture incandescent lamps, fluorescent lamps, accessories and luminaries. Launched Wipro Financial Services Limited Unit. Launched a wide range of baby products. |
|
1992 |
Launched computerized tomography, ultrasound and x-ray systems. Expanded Wipro Fluid Power Division specialized in hydraulic cylinders. |
|
1993 |
Wipro Limited entered into a joint venture with Beckman instruments , USA to produce bio analytical products. |
|
1994 |
Wipro Systems Limited, Wipro GE Medical Systems Limited , Wipro Investment Limited, Wipro Infotech Limited became subsidiaries of Wipro Limited. |
|
1995 |
Wipro Systems Limited was amalgamated with Wipro Limited. Launched hardening, welding, skiving and burnishing facility at Hindupur, Andhra Pradesh. |
|
1996 |
Shifted its registered office from Mumbai to Bangalore. |
|
1997 |
Wipro Limited signed a MoU with Nenoki, AG , Switzerland. |
|
1998 |
Expanded Wipro Consumer Care Division . |
|
1999 |
Wipro Limited acquired Wipro Acer. Split up of Wipro share price of Rs.10 each , a first ever corporate in India to announce share split up. Wipro share price of face value Rs.10 each was notified to BSE. Existing Wipro share price of face value Rs.10 each where again underwent a stock split, Thus the Wipro share price face value became Rs. 2 . |
|
2000 |
Wipro Limited issued ADR/GDR. Wipro Limited became the second largest company in BSE based on market capitalization. Wipro expanded in systems and software services division. |
|
2001 |
Wipro Limited became the first software technology company to be certified with ISO 14001, ISO 9002, |
|
2002 |
Wipro Limited certified with ISO 9000, SEI Level 5, Six Sigma TQM practice, |
|
2003 |
Wipro Limited signed a MoU with EHosting DataFort , Dubai to offer disaster recovery solutions. Wipro Limited launches its laptops with mobile processors from Intel’s Centrino . Wipro tied up with General Motors |
|
2004 |
Wipro signed a MoU with UAE center. Wipro joins the million-dollar club. |
|
2005 |
New York Stock Exchange partnered with Wipro Limited on Corporate governance of the website. |
|
2012 |
Wipro Limited separated its Non- IT business and formed a private company named ‘Wipro Enterprises Limited’ |
|
2015 |
Wipro Limited acquired Designit |
|
2016 |
Wipro Limited acquired Appirio. Wipro launched its new logo and tagline to highlight its commitment to provide digital solutions to its clients . |
|
2019 |
Azim Premji retired from Executive Chairman of Wipro Limited succeeded by Rishad Premji as New Chairman of Wipro Limited. |
|
July 2020 |
Thierry Delaporte took over as CEO of Wipro Limited. Wipro Limited acquired Rational Interaction. |
|
2021 |
Wipro Limited acquired Capco. |
|
2022 |
Wipro Limited acquired Convergence Acceleration Solutions and Rizing Intermediate Holdings, |
|
2023 |
The company reported a fiscal revenue of USD 11.3 billion. |
Awards & Achievements of Wipro Limited
|
Year |
Awards & Achievements |
|
2024 |
Wipro Limited was recognized as the Top Employer for the year 2023 in 13 countries by the Top Employers Institute. Global GSI Partner of the year 2024. Tricentis's UK Partner of the year 2023. Recognized by the German National Cybersecurity Authority. Winner & 2nd Runner Up of Intel one API Gen AI Hackathon. |
Conclusion
Wipro Limited has evolved from its origins in the vegetable products industry to become a global leader in information technology, consulting, and business process services. Led by visionary leaders like Azim Premji, the company has embraced innovation and technology to expand its offerings and reach customers in 167 countries. Through strategic acquisitions and a focus on IT, Wipro has achieved significant milestones, including listing on the New York Stock Exchange and reaching annual revenues of USD1 billion. With its continued commitment to excellence and growth, Wipro remains a prominent player in the global technology industry.
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Frequently Asked Questions
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It’s predicted that Wipro Share Price will reach a target average price of Rs. 450.70. Wipro share price could potentially be neutral to bullish signals. For real-time insights into the future of Wipro Share Price, visit Enrich Money.
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