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Wipro

Wipro began in 1945 as a manufacturer of vegetable oils in India. It transitioned to IT services under founder Azim Premji in the late 20th century. Today, Wipro is a global IT consulting and services firm with over $8 billion in revenue and operations in over 60 countries. It has grown from its roots in India through strategic acquisitions and a focus on quality, innovation, and sustainability.

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79 views16 pages

Wipro

Wipro began in 1945 as a manufacturer of vegetable oils in India. It transitioned to IT services under founder Azim Premji in the late 20th century. Today, Wipro is a global IT consulting and services firm with over $8 billion in revenue and operations in over 60 countries. It has grown from its roots in India through strategic acquisitions and a focus on quality, innovation, and sustainability.

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sree priya palle
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ENTREPRENEURSHIP

DEVELOPMENT

ASSIGNMENT
INTRODUCTION :

GROUP NO. 5

K.MOUNIKA (14)
K . S O W J A N YA ( 1 5 )
P. S R E E P R I YA (21)

CLASS: BBA 3YR


ABOUT WIPRO
• Wipro Limited (Western India Products Limited) is an Indian multinational IT Consulting and system
Integration services company headquarters in Bangalore, India.

• The company was incorporated on 29 December 1945, in Mumbai by Mohammed Premji as ‘Western India
Vegetable Products Limited,’ later abbreviated to ‘Wipro’.

• It was initially set up as manufacturer of vegetable and refined oils in Mumbai, under the trade names of Kisan,
Sunflower and camel.

• Wipro is one of the India’s largest publicly traded companies and seventh largest IT services firm in the world.

• To focus on core IT business, it demerged its non-IT business into a sperate company named Wipro Enterprises
Limited with effect from 31 march 2013.
AZIM H. PREMJI
FOUNDER CHAIRMAN
AS THE HEART AND MIND THAT GUIDED WIPRO FOR FIFTY-THREE OF ITS SEVENTY-FIVE YEARS, AZIM
PREMJI GREW WIPRO INTO THE GLOBAL IT GIANT IT IS TODAY, AND TRANSFERRED A MAJORITY OF
THE AZIM PREMJI FOUNDATION, A PHILANTHROPY THAT WORKS TO SERVE SOME OF THE MOST
DISADVANTAGED POPULATIONS IN THE WORLD. HEAR FROM OUR FOUNDER CHAIRMAN ON HOW HIS
FAMILY’S VALUES AND TRADITION OF GIVING BACK, INSPIRED HIM IN BUSINESS AND PHILANTHROPY.
HISTORY :
• The company was incorporated on December 29, 1945, in Mumbai by Mohamed Hasham
Premji as Western India Vegetables Products Limited, later abbreviated to Wipro.
• It was initially set up as a manufacturer of vegetable, ghee, vanaspati and refined oils in
Amalner, Jalgaon, Maharashtra, under the trade names of Kisan, Sunflower and Camel.
• In 1996, 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.
• As of December 2014, the company has 1,54,297 employees servicing over 900 large
enterprise.
• Fortune 1000 corporations with a presence in 61 countries.
• On 31 January 2015, its market capitalization was approximately 1.63 trillion ($26.3 billion)
• In February 2002, Wipro became the first software technology and services company in India
to be certified for ISO 14001 certification.
1945 1977 1998 2017

GREEN : NATURE, FRESHNESS


YELLOW : SUN, ASPIRATION
RED : LIFE, DYNAMISM
VIOLET : INTELLIGENCE, INNOVATION
BLUE : SKY, SEA, TRANSPIRATION
GROWTH & DEVELOPMENT OF WIPRO

OLDER THAN INDEPENDENT INDIA, WIPRO TOOK ITS FIRST BREATH IN THE AFTERMATH OF
WORLD WAR II IN 1945. FROM A TRADITIONALLY, DIVERSIFIED, GLOBAL CORPORATION
REVERSED THE WORLD OVER FOR ITS INTEGRITY AND PURPOSE

1945 - 1965

At only twenty-one, Mohamedhusain Hasham


Mohamedhusain’s wife, Dr Gulbanoo Premji,
Premji took over his father’s grain trade and did not shy away from challenges, either. She
Expanded into manufacturing. His first project took over as the chairperson of Western India
Vegetables Products, and worked to set up
Was an oil mill in the India heartland-Western the Children’s Orthopedic Hospital in
India Vegetable Products. Bombay.
1966 - 1978
W E S T E R N I N D I A V E G E TA B L E P R O D U C T S WA S
A F T E R T H E U N T I M E LY D E AT H O F
ON RISE, MOVING FROM ITS CRAMPED
M O H A M E D H U S A I N AT A G E 5 1 , H I S S O N , A Z I M H .
P R E M J I WA S C A L L E D H O M E F R O M C O L L E G E AT
O F FI C E S TO A N E W B U I L D I N G I N T H E H E A RT
S TA N F O R D T O TA K E O V E R T H E M A N A G E M E N T O F O F B O M B AY. S O O N A F T E R WA R D S , T H E
T H E FA M I LY B U S I N E S S T O A B R A N D - O R I E N T E D C O M PA N Y F O R M A L LY R E G I S T E R E D I T S E L F
C O M PA N Y, L E AV I N G B E H I N D I T S L E G A C Y A S A AS WIPRO. NO LONGER WOULD IT BE
C O M M O D I T Y- B A S E D V E G E T A B L E O I L - M A K E R . LIMITED BY ITS NAME.
1979 - 1990
IN AUGUST 1979, WIPRO RECRUITED ITS BY 1989, WIPRO HAD BECOME A DIVERSIFIED
FIRST MEMBERS OF THE INFOTECH M A N U FA C T U R E R O F C O M P U T E R S Y S T E M S ,
D I V I S I O N . T W O M O N T H S L AT E R , W I P R O CONSUMER PRODUCTS AND INDUSTRIAL
A P P L I E D F O R A L I C E N S E T O D E V E L O P, E Q U I P M E N T, B U T A S T H E 9 0 S O P E N E D U P, S O
M A N U FA C T U R E A N D M A R K E T D I D A N O T H E R T R A N S F O R M AT I O N I N
MINICOMPUTERS WI PRO’S STORY
1991 - 2005 I N 2 0 00 , W IP R O G R O W S TO O N E
B IL L IO N - D O L L A R C O M PA N Y A N D
AS THE TECHNOLOGY MARKET GREW I S L IS T E D O N T H E N E W Y O R K
A R O U N D T H E W O R L D , W I P R O D O V E D E E P LY
I N T O I T S E R V I C E S A N D PA R T N E R S H I P S W I T H S TO C K E X C H A N G E .
L E A D I N G T E C H N O L O G Y C O M PA N I E S . I N 1 9 9 6 ,
WIPRO SHIFTED ITS BASE TO BANGALORE,
W H E R E O U R H E A D Q U A R T E R S R E M A I N T O D AY.
2006 ONWARDS
I N J U LY 2 0 2 0 , T H I E R R Y D E L A P O R T E T O O K T H E
IN 2019, RISHAD SUCCEEDED THE SENIOR REINS AS CEO. ‘ITS’S THE BEST BRAND IN THE
PREMJI AS THE CHAIRMAN OF WIPRO LIMITED I N D U S T R Y, ’ S AY S D E L A P O R T E . ‘ P E O P L E A R E
CONSTRUCTIVE, THEY’RE POSITIVE , THEY LOVE
T H E I R C O M PA N Y. I ’ M T H E L U C K I E S T B E C A U S E I ’ M
WORKING WITH PEOPLE WHO PLACED THE
INTERESTS OF WIPRO LIMITED BEFORE THEIR
O W N I N T E R E S T S . T H E S E A R E I N C R E D I B L E VA L U E S . ’
NET WORTH OF WIPRO
• Operating Income Rs.15,667 crore (US$1.5 billion) (2022)

• Net Income Rs. 12,237 crore (US$1.5 billion) (2022)

• Total Assets Rs. 1,07,505 crore (US$ 13 billion) (2022)

• Total Equity. Rs. 64,306 crore (US$ 8.1 billion) (2022)


SUGGESTIONS.

Till today Wipro had been known for being very process
oriented with a focus on quality and cost savings. Wipro
long term strategy should be to create a brand image and be
known for innovation. Wipro should invest in R&D and
Market research, so that it is able to innovate new solutions
for clients to cut costs or reduce time to market or improve
reliability.
DRAW BACKS.
 Should improve low operating margin of the other group companies.

 Free floating stock is very less.

 Domestic market was huge but was underdeveloped

 Small player in global market.

 Limited domain.

 Clients not trusting the capabilities of Indian Software Cos.


CONCLUSION
The growth and transformation of Wipro continued into the new millennium with major
acquisitions. It has been an extraordinary journey growing from being a small vegetable oil
company to the diverse global business that they are today. It is the deep commitment and hard
work of Wiproites across the generations that has helped shape the organization of today. They
have come a long way from a family run vegetable oil manufacturer to a diversified global
business and technology consulting leader. Today the Wipro brand is an embodiment of
customer-centric excellence, drive for sustainability and outstanding corporate citizenship. And
their lasting values, the spirit of Wipro, continue to guide our actions

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