Company Profile
Wipro Technologies Limited (BSE: 507685, NYSE: WIT) is a giant information technology services corporation headquartered inBangalore, India. According to the 2008–09 revenue, Wipro is one of the largest IT services company in India and employs more than 108,071 people worldwide as of March 2010. It has interests
varying from information technology, consumer care, lighting, engineering and healthcare businesses. Azim Premji is the Chairman of the board.
Wipro (an acronym of "Western India Palm Refined Oils") started as a vegetable oil trading company in 1947 from an old mill at Amalner,Maharashtra, India founded by Azim Premji'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 Palm Refined Oil Ltd) into a consumer goods company that produced hydrogenated cooking oils/fat company, laundry soap, wax and tin containers and later set up 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 development there was not a single mistake across the world 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. Wipro Technologies hired managers who held their employees to strict performance standards.
In 1980 Wipro moved into software development and started developing customized software packages for their hardware customers. This expanded their IT business and subsequently developed the first Indian 8086 chip. Since 1992 Wipro has begun to grow its roots offshore in United States and by 2000 Wipro Ltd ADRs were listed on the New York Stock Exchange site. The company's revenue grew by 450% from 2002 to 2007.
Wipro started a highly appreciated initiative called WASE - Wipro Academy of Software Excellence in 1996 .Under this program, some of the brightest science graduates are selected and enrolled in an MS (Software Engineering) program in collaboration with BITS,Pilani
India Locations:
Bangalore, Chennai, Gurgaon, Kolkata, Bhopal, Mumbai, Delhi, Secundrebad, Hydrebad.
Head-Office:
Doddakannelli, Sarjapur Road
Bengaluru, Karnataka 560035
080 28440011
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