Enterprise Analysis

‫انٹرپرائز کا تجزیہ‬
on
WIPRO TECHNOLOGIES LTD.

Submitted by
RASHID FAISAL
Enrolment No. A201788
Roll No. 23MMBA096HY
Submitted to
Prof. Mohd. Razaullah Khan
Department of Management & Commerce

MAULANA AZAD NATIONAL URDU UNIVERSITY

(A Central University Established by an Act of the parliament in 1998)
(“A+ Grade” Accredited University by NAAC)
Gachibowli, Hyderabad-500032 (TS)
NOV/DEC 2023.
 Acknowledgment

I take immense pleasure in completing this study and submitting the project
report. I consider myself extremely fortunate to get opportunity to conduct the
training approval project assignment by “WIPRO TECHNOLOGIES LTD.” I got
opportunity to get practical exposure into actual environment and it provides me to
excellent opportunity to make me theoretical concept of “Recruitment and Selection”
process in a clearer way.

I would like to thank and express my gratitude to my project Mentor Pro. Mohd.
Razaullah Khan rendering throughout the project. My special thanks to my parents
for their constant encouragement that helped me to complete this project.

RASHID FAISAL
ENROLMENT NO. A201788
ROLL NO. 23MMBA096HY
Prof. Mohd. Razaullah Khan
M.Com, PGDCA, Ph. D
Professor,
School of Commerce and Business Management

Date:

CERTIFICATE

This is certify that RASHID FAISAL, Enrolment No. A201788 has done his project work entitled
“WIPRO TECHNOLOGIES LTD.”. This project is a partial fulfilment of M.B.A 1ST SEMESTER
programme during the year 2023-2025 from MAULANA AZAD NATIONAL URDUUNIVERSITY
under my guidance.

Hereby, it is declared that this report is an original piece of work and has not been influenced
to the extend of copying by any other such similar study.

Signature of the Guide

Gachibowli, Hyderabad-500 032, Telangana, India. Tel: (040) 23120600 (O), +91-9561410829 (M)

razakhan@manuu.edu.in || professor.dmc@manuu.edu.in || www.manuu.edu.in

 Declaration

I, RASHID FAISAL, bearing Roll No. 23MMBA096HY, hereby certify that

the project report entitled “WIPRO TECHNOLOGIES LTD.” Carried out
under the guidance of Pro. Mohd. Razaullah Khan is submitted in partial
fulfillment of the requirement for the award of the degree of Master of
Business Administration. This is a record of bonafide work conducted by me
and the result embodied in this project has not been reproduced/copied from
any source. The result embodied in this project has not been submitted to any
other university or institute for the award of any other degree or diploma.

RASHID FAISAL
ENROLMENT NO. A201788
ROLL NO. 23MMBA096HY
 -:INDEX:-
S.No. Title Page
1. History of Company 01to 02

2. Origin 02

3. Promoters 02 to 03

4. Vision, Mission, Values and Quality Policy 03 to 04

5. Board of Directors, Chairman, MD, Members 04 to 09

6. CSR Initiatives 09

7. Merger, Acquisition and Collaboration 10 to 13

8. Organizational Structure 14 to 15

9. Current Business Activities 15 to 16

10. Certifications 17 to 20

11. Initiative Towards Environmental Conservation 21 to 22

12. Manpower 22 to 23

13. Key Highlights 23 to 24

14. Major Customers 24 to 25

15. Product Line 25 to 26

16. Brand 27

17. Market Share 28

18. Advertising Strategy, Slogan, Punch Line, Logo 28 to 29

19. Technological Development in Last 5 Years 30 to 32

20. Competitors 32 to 33

21. Financial Performance (5 Years) 33 to 46

22. Price of Share Market in Last 5 Years 47

23. P/E Ratio 47 to 48

24. Shareholding Pattern 48 to 49

25. Conclusion 50 to 51

26. Work Cited 52

Name of the Company:

Wipro Technologies Limited

Domicile:
Bangalore, India

Registered Office Address:

Sarjapur Road, Bangalore, India

Year of Incorporation:
29 December 1945

Type of Company:
Public Ltd.

Nature of Business:
Wipro (stylized in lower case as wipro) is an Indian multinational corporation
that provides information technology, consultant and business process services. It is one of
the leading Big Tech companies.

History of Company:

Wipro is India's third-largest information technology company. Like its rival Indian IT
service providers, Wipro is a major IT business that operates around the world. The company
has over 150,000 employees across the world, and posts about 80% of its sales outside India.

Wipro's beginning was very different to other major Indian IT companies. It started as a
vegetable oil producer in 1945. Azim Premji, the company's current chairman, became the
head of the company in 1966 following the sudden death of his father. Under his leadership,
Wipro broadened into other areas of business. The company entered the IT industry in the
1980s. It gradually shifted its emphasis from hardware production to offshore software
development, building its foundation as a major IT company.

1
Premji owns the majority of the company's shares. Non-IT businesses, including hydraulic
cylinder manufacturing and household product operations, are currently managed by Wipro
Enterprises, a group company.

Early years
The company was incorporated on 29 December 1945 in Amalner, India, by Mohamed
Premji. In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as
its chairperson at the age of 21.

Shift to IT
During the 1970s and 1980s, the company shifted its focus to new 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. In 1982, the name was changed again, from Wipro Products Limited to
Wipro Limited. In 1999, Wipro was listed on the New York Stock Exchange.[citation
needed] In 2004, Wipro became the second Indian IT company to earn US$1 billion in
annual revenue.

In 2012, Wipro demerged its non-IT businesses into a separate company called Wipro
Enterprises. Prior to this demerger, these businesses, mainly in the consumer care, lighting,
furniture, hydraulics, water treatment, and medical diagnostics, contributed about 10% of
Wipro's total revenues.

In March 2023, Wipro opened its American international headquarters at Tower Center
in East Brunswick, Middlesex County, New Jersey.

Origin:
In 1945 Wipro Ltd. was founded in Amalner, Maharashtra by Mohamed Hasham Premji.
Initially, the company was set up as 'Western India Palm Refined Oils Limited' and was
involved in the production of vegetable and refined oils.

The company was incorporated on 29 December 1945 in Amalner, India, by Mohamed

Premji. In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its
chairperson at the age of 21.

Promoters:
The promoters of Wipro Technologies are the Azim Premji family. Azim Premji is the
founder of Wipro and has played a significant role in the company's growth and success. He
served as the Chairman of Wipro and was actively involved in the company's operations.

Azim Premji stepped down as the Chairman of Wipro in July 2019, and his son, Rishad
Premji, took over as the Chairman of the company. Rishad Premji has been associated with
Wipro for many years and has held various positions within the company.

2
 It's important to note that leadership and ownership structures can change over time, and it's
advisable to check the latest and most reliable sources, such as official company statements
or financial reports, for the most up-to-date information on the promoters and leadership of
Wipro Technologies.

Vision:
Contribute for global e-society, where a wide range of information is being exchanged
beyond time and space over global networks, which breaks down the boundaries among
countries, regions and cultures, allowing individuals to take part in various social activities in
an impartial, secure way. Continous effort to enhance people's lifestyle and quality by means
of developing new technology in wireless communication.

Mission:
The Spirit of Wipro is the core of Wipro. These are our Values. It is about who we are. It
is our character. It is reflected consistently in all our behavior. The Spirit is deeply rooted in
the unchanging essence of Wipro. But it also embraces what we must aspire to be. It is the
indivisible synthesis of the four values. The Spirit is a beacon. It is what gives us direction
and a clear sense of purpose. It energizes us and is the touchstone for all that we do.

Values and Quality Policy:

Wipro's Values:

1. Respect for the Individual: Wipro values the uniqueness of individuals and believes in
treating them with respect.

2. Integrity: Integrity is a core value for Wipro, emphasizing honesty, fairness, and ethical
conduct in all aspects of business.

3. Customer Focus: Wipro places a strong emphasis on understanding and meeting the needs
of its customers. Customer satisfaction is a priority.

4. Innovations: Wipro encourages a culture of innovation and believes in constantly seeking

new and better ways to serve its clients.

5. Passion for Excellence: Wipro strives for excellence in all its endeavors. Continuous
improvement and a commitment to delivering high-quality solutions are key aspects of this
value.

3
 Quality Policy:

Wipro's commitment to quality is typically reflected in its quality policy. The quality
policy outlines the organization's dedication to delivering products and services that meet or
exceed customer expectations. While the specific wording may vary, a typical quality policy
might include the following elements:

1. Customer Satisfaction: Wipro is committed to understanding customer needs and providing

high-quality products and services to achieve customer satisfaction.

2. Continuous Improvement: Wipro aims for continuous improvement in its processes,

products, and services through regular assessment and refinement.

3. Compliance: The company adheres to relevant laws, regulations, and industry standards,
ensuring compliance in all its operations.

4. Employee Involvement: Wipro recognizes the importance of its employees and encourages
their active involvement in maintaining and improving quality standards.

5. Innovation: The company values innovation as a means to stay ahead in a dynamic business
environment and to provide cutting-edge solutions to its clients.

Board of Directors, Chairman, MD, Members:

Executive Directors

Rishad Prem Thierry Delaporte

Executive Chairman Chief Executive Officer & Managing Director

4
Non Executive, Non Independent Director

Azim H. Premji
Founder Chairman

Independent Directors

Patrick Dupuis Päivi Rekonen Dr. Patrick J. Ennis

Independent Director Independent Director Independent Director

N. S. Kannan Tulsi Naidu Deepak M Satwalekar

Independent Director Independent Director Independent Director

5
Executive Board

Nagendra P Bandaru Pierre Bruno

Managing Partner – Wipro Enterprise Futurin CEO – Europe

Anis Chenchah Amit Choudhary

CEO – APMEA Chief Operating Officer

Suzanne Dann Jo Debecker

CEO – Americas 2 Global Head – Wipro FullStride Cloud

6

Thierry Delaporte Saurabh Govil
Chief Executive Officer & Managing Director Chief Human Resources Officer

Aparna C. Iyer Srini Pallia

Chief Financial Officer CEO – Americas 1

Stephanie Trautman
Chief Growth Officer

7
Name Designation

Aparna Iyer Vice President

Azim H Premji Founder Chairman

B M Bhanumurthy President & COO

Deepak Acharya Senior Vice President

Deepak M Satwalekar Independent Director

Dipak Kumar Bohra Senior Vice President

Ireena Vittal Lead Independent Director

Jatin Pravinchandra Dalal Chief Financial Officer

Kiran K Desai Senior Vice President

Krishnan Subramanian Vice President

Kumudha Sridharan Senior Vice President

M Sanaulla Khan Co. Secretary & Compl. Officer

Patrick Dupuis Independent Director

Patrick J Ennis Independent Director

Rishad A Premji Chairman

S N Chandra Shekar Vice President

Sanjeev Singh Chief Operating Officer

Saurabh Govil Chief Human Resource Officer

Sheetal Sharad Mehta Senior Vice President

Stephanie Trautman Chief Growth Officer

Senior Vice President - Human

Sunita Cherian Resources

8
Thierry Delaporte Managing Director & CEO

Tulsi Naidu Independent Director

CSR Initiatives:
Wipro Ltd. has been actively involved in various Corporate Social Responsibility (CSR)
initiatives. Please note that the information might have changed since then, and it's advisable
to check the latest reports or the company's official website for the most recent updates.
As of my last update, Wipro's CSR initiatives encompassed a range of areas, including
education, healthcare, community development, and environmental sustainability. Some of
the key focus areas and initiatives included:

1. Education: Wipro's initiatives aimed to enhance the quality of education, improve

infrastructure, and provide access to education for underprivileged communities.
The company has been involved in supporting schools, providing scholarships, and
promoting digital literacy.

2. Healthcare: Wipro has worked on various healthcare projects, focusing on areas

such as maternal and child health, healthcare infrastructure improvement, and disease
prevention.

3. Community Development: Wipro has undertaken projects to uplift

communities, especially those in rural and economically disadvantaged areas.
Initiatives may include skill development programs, women's empowerment projects,
and community welfare activities.

4. Environmental Sustainability: Wipro has demonstrated a commitment to

environmental sustainability through initiatives aimed at reducing its carbon footprint,
promoting renewable energy, and adopting eco-friendly practices.

5. Employee Engagement: Wipro has involved its employees in various CSR activities,
encouraging them to contribute to social causes through volunteering and community
engagement programs.

6. Technology for Social Good: Given its expertise in technology, Wipro has also been
involved in initiatives that leverage technology for social impact. This could include
projects related to digital inclusion and using technology to address social challenges.

9
Merger and Acquisitions:

The board, at its meeting on October 17-18, considered and approved the scheme of
amalgamation, Wipro said in its stock exchange filing on Wednesday. The amalgamation is
subject to the approval of regulatory authorities, including the National Company Law
Tribunal, said Wipro in its statement.
"The Board of Directors of the Company, at its meeting held over October 17-18, 2023,
considered and approved a scheme of amalgamation ("Scheme") pursuant to Sections 230 to
232 and other relevant provisions of the Companies Act, 2013, providing for the merger of
the following wholly-owned subsidiaries with and into Wipro Limited (“Transferee
Company"):

1) Wipro HR Services India Private Limited

2) Wipro Overseas IT Services Private Limited
3) Wipro Technology Product Services Private Limited (formerly known as Encore Theme
Technologies Private Limited)
4) Wipro Trademarks Holding Limited
5) Wipro VLSI Design Services India Private Limited (collectively “Transferor Company")

Wipro continues to acquire technology consulting companies, application migration

specialists and cybersecurity businesses that have 5G networking, SAP and Salesforce
application expertise.

Here's a regularly updated list of Wipro acquisitions:

10. April 2022: Rizing, an SAP cloud consultant that had been owned by private equity firm
One Equity Partners.

9. April 2022: Convergence Acceleration Solutions (CAS Group), a 5G network consulting

and program management company that serves cable and wireless companies.

8. December 2021: LeanSwift Solutions, a system integrator focused on Infor ERP products
and services.

7. December 2021: Cyber risk and regulatory compliance solutions provider Edgile.

6. March 2021: Technology consulting giant Capco.

5. March 2021: Ampion, an Australia-based provider of cybersecurity, DevOps and

engineering services.

10
4. October 2020: Encore Theme Technologies, a SaaS and financial services consulting
firm;

3. October 2020: Engineering services company Eximius Design;

2. July 2020: Salesforce cloud partner 4C; and

1. July 2020: Brazilian vertical market technology consulting firm IVIA Serviços.

Overview of Acquisitions of Wipro

 Wipro has made 25 acquisitions across sectors such as IT Services, Asset
Management, Enterprise Software and others.
 The company has spent over $4.78B for acquisitions.

Key Statistics on Wipro's acquisitions

All Acquisitions
25(View Details)
Notable Acquisitions
Capco (Apr, 2021), Bio-essence (Jan, 2012), Unza (Aug, 2007)
Recent Acquisitions
Rizing (May, 2022), CAS (May, 2022), Edgile (Jan, 2021)
Sector Distribution
IT Services (8), Asset Management (4), Enterprise Software (3)
List of Acquisitions of Wipro
Notable Acquisitions of Wipro

Here are the top 5 acquisitions of Wipro ranked by their Tracxn Score (What's this?):
Acquisition Founded Acquisition
Company Name Location
Date Year Price

Mar 04, 2021 Capco 1998 United States $1.45B

Dec 11, 2012 Bio-essence 1945 Singapore Undisclosed

Jul 06, 2007 Unza 1992 Malaysia $246M

mPower Software
Dec 22, 2005 1994 United Kingdom $28M
Services

Jun 05, 2019 ITI 1983 United States $45M

11
Recent Acquisitions of Wipro

Here are the latest 3 acquisitions of Wipro:

Acquisition Founded Acquisition
Company Name Location
Date Year Price

Apr 26, 2022 Rizing 2005 United States $540M

Apr 11, 2022 CAS 2007 United States Undisclosed

Dec 20, 2021 Edgile 2001 United States $230M

Collaboration:

In order to achieve Customer centricity, Collaboration and Team work are key enablers.
For Consumer Goods (CG) organizations, the eco system of partners, retailers, manufacturers
need to align together to changing consumer needs and yet achieve their individual goals.
Let’s take a trade promotion example, where a promotion runs into trouble because stocks
are not available. In fast selling CG, out-of-stock situations can result in permanently lost
sales for the manufacturer. The urgency and accuracy with which the communication
happens across the stakeholder eco-system can spell the difference between success and
failure. Is the retailer speaking to the manufacturer in real time? Is the manufacturer updating
the value chain and the partner eco system based on demand? How’s the consumer being
engaged with to avoid loss to competition?

Take a completely different situation where organizations are setting up Shared Services
groups for various functions across Finance, IT, HR, Procurement, Transportation. Clearly
the benefits are immense by streamlining the processes and standardization while giving
regional business flexibility. Having said that, unless there is solid collaboration between the
“Function”, and the “Geography” and the “Business Units/Brands”, no centralization strategy
will truly work. It is also critical to enable a platform for “joint problem solving” especially
when the information intensity is high and IT complexities need to be managed.

In both the above examples, it is important to have mutually defined KPI’s that can be
measured and improved to result in economies of scale, cost savings, and higher business
agility to serve the consumer better. Clear communication processes and tools with free flow
of insights lead to effective collaboration and partnership. Take the inroads a company like
Keurig Green Mountain has made by partnering with multiple leading organizations such as
Coca-Cola and Campbell’s. It is the perfect example of Innovation and Collaboration with
the eco system aligned to consumer needs.

12
Collaboration and Team work are as important in our daily lives and everything we do. A
classic example is one of the best Soccer (football) games I watched earlier this month. The
best player was the person who made fantastic passes that led to 2 goals for the winning
team. There is no substitute to collaboration irrespective of the industry or role so make it a
habit!

About the Author

Hiral Chandrana- Sr. Vice President & Global Head For Business Application Services,
Wipro, Ltd.
Hiral is Sr. Vice President & Global Head for Business Application Services (BAS) in Wipro
with end-to-end responsibility for the Applications related strategy, development,
implementation and management. BAS is Wipro’s largest Service Line and the portfolio
includes following areas across all business units:

 Enterprise and Cloud Applications: SAP, Oracle, Salesforce, IBM and Microsoft
 Differentiated Offerings: Enterprise and Cyber Security, Enterprise and Solution
Architecture
 Omni-Channel & Mobile Commerce: Customer Experience, eContent Mgt, and
Collaboration
 Technology Practices: Testing, Business Process Management and Enterprise
Integration

Hiral has extensive experience in P&L management, leading Global Teams and Delivery,
Executive Relationships, Large Complex Pursuits, and growing Applications, Infrastructure,
Analytics, BPO, PLM businesses in Retail, Manufacturing, Consumer Goods and Life
Sciences. He is an active member at leading forums including CGT, GMA & developed
partnerships with SAP, Oracle, Microsoft, CISCO, etc.

Prior to the current role, Hiral was VP & Global Business Head for Consumer Industries in
Wipro with end-to-end P&L responsibility including Delivery, Sales, & Solutions. He also
played leadership roles as US Head for Retail, Consumer Goods, & Transportation and
Americas Head for Business Technology Services at Wipro where he won multiple awards.
Before Wipro, he had progressive client/program management roles with Electronic Data
Systems (EDS), Parametric Technology Corp. and Tata Motors.

Hiral is based in the US for the last 21+ years managing long term strategic customer
relationships with global organizations, driving transformation initiatives and leading large
teams. He has published various thought leadership papers and articles through his career.
Hiral has an Engineering background, with a Master of Science (MS) from Washington State
University and Executive MBA from Iowa State University.

13
Organizational Structure:

Wipro Technologies had a hierarchical organizational structure typical of large

multinational corporations. However, keep in mind that organizational structures can change,
and it's advisable to check the latest information for the most accurate details. Here's a
general overview based on historical data:
1. Board of Directors:
The highest level of authority in the organization.
Responsible for making major decisions and setting the overall direction of the company.

14
2. Executive Leadership Team:
Comprising top executives like the Chief Executive Officer (CEO), Chief Financial Officer
(CFO), Chief Operating Officer (COO), and others.
Involved in strategic decision-making and overseeing the implementation of corporate
strategies.
3. Business Units or Divisions:
Wipro Technologies may have different business units or divisions organized based on the
services or products they offer.
Examples of business units could include IT Services, Consulting, Business Process
Outsourcing, and others.
4. Functional Departments:
Within each business unit, there might be functional departments such as Sales and
Marketing, Human Resources, Finance, and Operations.
Each department is responsible for specific functions related to its area of expertise.
5. Geographic Regions:
Wipro Technologies, being a global company, might organize its structure based on
geographic regions.
Each region could have its own management team overseeing operations in that specific area.
6. Project Teams:
At the operational level, employees may be organized into project teams.
Teams work on specific client projects or internal initiatives.
7. Matrix Structure:
Large organizations often adopt a matrix structure where employees have dual reporting
relationships – one along the traditional hierarchy and the other along a project or product
line.
8. Support Functions:
Shared services such as IT support, legal, and administrative functions are typically
organized centrally to provide support to the entire organization.

Current Business Activities:

Wipro Technologies Ltd was a global information technology, consulting, and business
process services company. The company's business activities spanned various sectors, and it
provided a wide range of services to clients worldwide. Here are some of the key business
activities that Wipro was involved in:

15
1. IT Services:

Wipro offered a comprehensive suite of IT services, including software

development, application maintenance, infrastructure services, and system integration.

2. Consulting:
The company provided consulting services to help clients with business
transformation, technology adoption, and strategy development.

3. Business Process Outsourcing (BPO):

Wipro had a strong presence in business process outsourcing, offering services
such as customer support, finance and accounting outsourcing, human resources outsourcing,
and more.

4. Digital Transformation:
Wipro focused on helping clients navigate digital transformation by leveraging
emerging technologies such as artificial intelligence, machine learning, data analytics, and
cloud computing.

5. Cloud Services:
Wipro provided cloud services to help businesses migrate to and optimize their
operations in cloud environments.

6. Cybersecurity:
The company offered cybersecurity services to help clients secure their IT
infrastructure and protect against cyber threats.

7. Engineering and R&D Services:

Wipro had a presence in engineering and research and development services,
catering to industries such as automotive, aerospace, and technology.

8. Industry-specific Solutions:
Wipro developed industry-specific solutions for sectors like healthcare, financial
services, manufacturing, and retail.

9. Global Delivery Model:

Wipro leveraged a global delivery model with delivery centers across various
countries, enabling it to provide services with a combination of onshore, nearshore, and
offshore resources.

16
Certifications:
Wipro Ltd., like many other companies, may have various certifications based on industry
standards and best practices. Certifications can vary across different aspects of a business,
including quality management, information security, environmental sustainability, and more.
To get the most accurate and up-to-date information on Wipro Ltd.'s certifications, you can
check their official website or contact their corporate representatives. Here are some common
certifications that companies like Wipro may pursue:

1. ISO Certifications:

ISO 9001: Quality Management System

ISO 27001: Information Security Management System
ISO 14001: Environmental Management System

2. CMMI (Capability Maturity Model Integration):

CMMI is a process improvement certification that assesses the maturity and capability of an
organization's processes.

3. Industry-Specific Certifications:

Depending on the industry, Wipro may have certifications relevant to its services, such as
certifications related to healthcare, financial services, or automotive sectors.

4. Cybersecurity Certifications:

Given the importance of cybersecurity, companies often obtain certifications such as SOC 2
(Service Organization Control), PCI DSS (Payment Card Industry Data Security Standard),
or others.

5. Environmental and Sustainability Certifications:

Certifications related to environmental management and sustainability practices, such as ISO

14001.

6. Quality Management and Six Sigma:

Certifications related to quality management and process improvement methodologies,

including Six Sigma certifications.

7. Industry Awards and Recognitions:

While not certifications, industry awards and recognitions can also reflect a company's
commitment to excellence and innovation.

17
18
19
20
Initiative towards Environment Conservation:
Wipro Ltd. has been actively involved in environmental conservation initiatives as part of
its corporate social responsibility (CSR) efforts. These initiatives aim to minimize the
company's environmental impact and promote sustainability. Some of the key areas of focus
include:

1. Energy Efficiency and Renewable Energy:

Wipro has been working to enhance energy efficiency in its operations and reduce carbon
emissions.
The company has shown a commitment to adopting renewable energy sources to power its
facilities.

2. Green Buildings:

Wipro has invested in constructing and maintaining environmentally friendly buildings. This
involves incorporating sustainable design practices and technologies to reduce energy
consumption and environmental impact.

3. Waste Management:

The company has implemented waste reduction and recycling programs to minimize its
ecological footprint.
Wipro encourages waste segregation and responsible disposal practices within its facilities.

4. Water Conservation:

Wipro has likely implemented measures to conserve water, including efficient water
management systems and technologies.

5. Biodiversity Conservation:

Some companies engage in initiatives to protect and promote biodiversity in and around their
facilities. This might involve planting native trees, creating green spaces, or supporting local
conservation projects.

6. Carbon Neutrality Goals:

Many companies, including Wipro, set goals to achieve carbon neutrality or net-zero carbon
emissions. This often involves a combination of energy efficiency measures, the use of
renewable energy, and offsetting remaining emissions through carbon credits or other
mechanisms.

21
7. Environmental Education and Awareness:

Companies like Wipro often engage in initiatives to raise environmental awareness among
employees and the communities in which they operate. This may include training programs,
workshops, and awareness campaigns.

Manpower:
A company recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have over 245,000
dedicated employees serving clients across 65 countries.

 Azim H. Premji
 Chairman
 Wipro Limited
 Suresh C. Senapaty
 Executive Director &
 Chief Finance Officer
 Wipro Limited
 T. K. Kurien
 CEO, IT Business &
 Executive Director
 Wipro Limited
 Pratik Kumar
 Executive Vice President, Human Resources, Wipro Limited
 President, Wipro Infrastructure Engineering
 Anurag Behar
 Chief Sustainability Officer
 Wipro Limited
 Martha Béjar
 President
 Global Sales & Operations
 Vineet Agrawal
 President,
 Wipro Consumer Care and Lighting
 Head-Corporate Brand & Communication
 V. Raja
 Managing Director
 Wipro GE Healthcare Pvt. Ltd.
 Sambuddha Deb
 Chief Global Delivery Officer
 T. K. Kurien
 CEO, IT Business &
 Executive Director

22
 Wipro Limited
 Anand Padmanabhan
 Sr. Vice President
 Energy & Utilities
 Bhanumurthy B. M.
 Sr. Vice President
 Retail, CPG, Transportation & Government
 G. K. Prasanna
 Sr. Vice President
 Technology
 Mark Fleming
 Sr. Vice President
 Global Media & Telecom
 N. S. Bala
 Sr. Vice President
 Manufacturing
 Rajiv Shah
 Sr. Vice President
 Healthcare & Services
 Soumitro Ghosh
 Sr. Vice President
 Finance Solutions

Key highlights of Wipro Ltd:

1. Information Technology Services:

Wipro is a leading global information technology, consulting, and business process services
company, providing a range of services to clients worldwide.

2. Global Presence:

Wipro has a significant global presence with operations in various countries. It serves clients
across diverse industries, including technology, healthcare, finance, manufacturing, and
more.

3. Digital Transformation:
Like many IT companies, Wipro has been actively involved in helping clients navigate
digital transformation. This includes services related to cloud computing, artificial
intelligence, data analytics, and cybersecurity.

23
 4. Partnerships and Collaborations:

Wipro has engaged in strategic partnerships and collaborations with other companies and
technology providers to enhance its service offerings and stay competitive in the rapidly
evolving technology landscape.

5. Corporate Social Responsibility (CSR):

Wipro has a strong commitment to corporate social responsibility. Its CSR initiatives include
activities in education, healthcare, community development, and environmental
sustainability.

6. Employee Engagement and Development:

Wipro places a focus on employee engagement, training, and development. The company has
a large and diverse workforce, and it invests in programs to nurture talent and foster
innovation.

7. Sustainability Initiatives:

Wipro has demonstrated a commitment to sustainability and environmental responsibility.

This includes efforts to reduce its carbon footprint, promote energy efficiency, and support
eco-friendly practices.

8. Financial Performance:

Wipro's financial performance is an important aspect of its business. This includes factors
such as revenue growth, profitability, and financial stability.

Major Customers:
Wipro Technologies' major customers may not be readily available due to the company's
client confidentiality policies. Typically, technology and consulting companies like Wipro
work with a diverse range of clients across industries and geographies. Their client base may
include companies from sectors such as:

Banking and Financial Services:

Wipro may provide services to banks, financial institutions, and insurance companies.

Healthcare:

Healthcare organizations may engage Wipro for IT solutions, consulting, and other services.

24
Retail:

Retail companies may seek Wipro's expertise for digital transformation, e-commerce, and
supply chain solutions.
Manufacturing:

Wipro might work with manufacturing clients on areas like process optimization,
automation, and technology implementation.

Technology and Telecommunications:

Wipro may have clients in the technology and telecommunications sectors, providing
services related to software development, infrastructure, and network solutions.

Energy and Utilities:

Companies in the energy and utilities sector may engage Wipro for technology solutions and
consulting.

Government and Public Sector:

Wipro may provide IT services and solutions to government agencies and public sector
organizations.

Automotive:

Automotive companies may seek Wipro's expertise in engineering services, software

development, and connected technologies.

Aerospace:

Wipro might work with aerospace clients on engineering and technology solutions.
It's important to note that Wipro serves a broad range of clients, and the list above is
illustrative. For the most accurate and current information regarding Wipro Technologies'
major customers, you may want to refer to the company's official publications, annual
reports, or press releases. Keep in mind that specific client details might be confidential and
not publicly disclosed.

Product Line:
Here are some of the key service lines and areas of focus for Wipro Technologies:

IT Services:

Software development and programming services.

25
Application maintenance and support.

Consulting:

Business consulting services to help clients with strategy, operations, and technology
solutions.

Business Process Outsourcing (BPO):

Customer support and service outsourcing.

Finance and accounting outsourcing.
Human resources outsourcing.

Digital Transformation:

Services to help clients navigate digital transformation, including the adoption of emerging
technologies like AI, machine learning, and IoT.

Cloud Services:

Cloud consulting, migration, and management services.

Cybersecurity:

Services focused on securing IT infrastructure and protecting against cyber threats.

Engineering and R&D Services:

Services related to engineering and research and development across industries like
automotive, aerospace, and technology.

Analytics and Data Management:

Services related to data analytics, business intelligence, and data management.

Quality Assurance and Testing:

Testing services to ensure the quality and reliability of software applications.

Industry-Specific Solutions:

Customized solutions for industries such as healthcare, financial services, retail,

manufacturing, and more.

26
Brand:

Products/Brands under Wipro Ltd.

1. Wipro Smart Lighting

Wipro Smart Lighting is an intelligent lighting solution that is revolutionising the way you
illuminate your spaces. It offers a connected and interactive lighting environment, ensuring
ease and efficiency. The smart lights come with an app that allows you to control the lights
through your smartphone. Change the light’s colour, set schedules, and adjust the brightness
to your liking without any hassle. What makes Wipro Smart Lighting stand out is its
compatibility with virtual assistants like Alexa and Google Assistant. This feature enables
you to control your lighting through simple voice commands, offering unmatched
convenience and adaptability.

2. Wipro Cloud Services

Wipro Cloud Services epitomises state-of-the-art cloud solutions, ensuring that businesses
have the tools and support needed for a seamless transition to cloud platforms. The services
offered include comprehensive cloud strategy, migration, management, and operations
support, enabling businesses to fully harness the power and potential of cloud computing.
Wipro’s Cloud Services have played a significant role in enhancing the agility and efficiency
of enterprises, marking a profound impact on operational excellence. Beyond facilitating
cloud adoption, Wipro Cloud Services ensures that businesses can optimise their cloud
investments, offering innovative and reliable solutions for cloud management and operations.

3. Wipro Cybersecurity & Risk Services

In the contemporary world where digital threats are escalating, Wipro Cybersecurity & Risk
Services emerge as a robust barrier, offering top-notch protection and risk management
solutions for businesses. These services cover a vast spectrum, including security analytics,
identity management, and security operation centre services. Recognised for their
comprehensive and innovative approach, Wipro’s Cybersecurity & Risk Services provide
clients with a multi-layered defence strategy against a wide array of cyber threats.

4. Wipro Health & Wellness Products

Wipro Health & Wellness Products embody Wipro’s commitment to promoting a healthy and
balanced lifestyle. The range includes a variety of products designed to enhance the quality
of life, with a focus on nutrition, hygiene, and overall well-being. Each product is crafted to
support diverse health and wellness goals, ensuring you have access to quality, safety, and
efficacy in every product. Wipro’s extensive range of health and wellness products aligns
with global standards, reinforcing the company’s position as a leader in promoting overall
wellness and health.

27
Market Share:

Wipro has market share of 0.50% in contact-center market. Wipro competes with 141
competitor tools in contact-center category. The top alternatives for Wipro contact-center
tool are Wix with 71.14%, Zendesk with 13.49%, Freshworks with 2.63% market share.

Market Share of Wipro

Current Customer(s)

6,584
Market Share

0.50%
Ranking

#10

Advertising Strategy, Slogan, Punch Line, Logo etc:

Advertising Strategy
Wipro Technologies' advertising strategy may have evolved, including Wipro, often employ:

 Digital Marketing: Technology companies typically leverage digital platforms for

advertising, including social media, search engine marketing, and display advertising.
This allows them to reach a global audience and target specific demographics.

 Content Marketing: Providing valuable and informative content, such as blog posts,
whitepapers, and case studies, can position Wipro as an industry thought leader. This
content helps showcase expertise and builds trust with potential clients.

 Event Sponsorship and Participation: Participating in or sponsoring industry

events, conferences, and trade shows can enhance brand visibility and provide
networking opportunities.

28
  Client Testimonials and Case Studies: Highlighting successful client partnerships
through testimonials and case studies is a powerful way to demonstrate the real-world
impact of Wipro's services.

 Brand Partnerships: Collaborating with other reputable brands or influencers in the

technology space can help broaden Wipro's reach and credibility.

 Thought Leadership: Executives from Wipro may engage in thought leadership

activities, such as publishing articles, speaking at conferences, or participating in
interviews. This establishes the company as an authority in the industry.

 Community Engagement: Involvement in community initiatives, social

responsibility programs, and sustainability efforts can contribute to a positive brand
image and resonate with socially conscious consumers.

Slogan

The old slogan or tagline of Wipro is “Applying Thoughts” which remained from 1998 to
2017, and now has been replaced with “Spirit of Wipro”. Every company has a slogan or
motto that the company uses in various fields for its public and business image.

Punch Line

 Wipro: Applying Thought.

Logo

29
Technological Development in Last Five Years:

We are relentlessly focused on the future, dedicating significant resources to R&D and
innovations that push our clients and industry forward. Wipro’s innovation practice draws
from a diverse portfolio of transformative technologies including artificial intelligence, 5G,
blockchain, cloud computing, crowdsourcing, and robotics along with leading technology
partners including Adobe, AWS, Citrix, Google and IBM.

Start-up Partners

Open Innovation at Wipro refers to our collaboration within an innovation ecosystem that
includes Startups, Accelerators, Venture Capitalists (VCs), Academia, Expert Networks,
Incubators, and Technology Consortia, enabling the creation of differentiated and compelling
propositions for our customers and partners. Our driving belief is that ecosystems introduce
emerging tech, innovations, agility, and faster time-to-market results, while simultaneously
allowing us to create enterprise-grade solutions and offer them in a risk-reduced model of
experimentation. Our customers then have the opportunity to demo these innovations within
a structured and managed initiative.
What do we do?
 Discover, assess, and partner with members of the ecosystem to create business value
 Support promising B2B startups that seek market access and scale
 Drive the creation of joint IP by integrating startup solutions into Wipro’s platforms
 Structure and govern Wipro’s collaboration programs with academia (research),
expert networks, and other technology/industry bodies

What’s in it for you?

Customer

 Access to enterprise-grade, curated startups for your challenges

 Risk-reduced model of engaging with a startup ecosystem
 Agile Co-Innovation engagements that brings together an ecosystem, Wipro IP and
Service Offerings, and SMEs

Startups
 Wipro’s global customer base for joint GTM as partners
 Technology and industry SMEs to help create enterprise-grade offerings
 Single connection to manage as well as partnership across Wipro
30
  Exclusive meetings with and demonstrations for Fortune 500 customers
 Access to funding from Wipro Ventures for select strategic partners

VC / Accelerator
 Access to global markets for portfolio companies
 As a partner, get SME perspectives for your diligence activities
 Wipro leadership support and engagement for marquee events and collaboration

Technology Partners

At Wipro, strategic partnerships are one of the core pillars of our business strategy. We have
a 360 degree relationship with our partners and the Wipro Winning Together approach is
aimed at delivering unparalleled value to our clients. Both Wipro and the partners share
common set of cultural values and drive common business objectives. The Wipro Partner
Ecosystem helps create unique winning partnerships that offer mutual business growth
opportunities, joint value driven by collaboration, executive commitment and thought
leadership around future technologies.

Research Networks

Who we are

Wipro Research is a research think-tank focused on collaboration with academia, industry

bodies and ecosystems. It works on cutting edge research projects across various industries to
help accelerate innovation for businesses using emerging technologies.
Our research areas:
Discover a range of focus areas that we are currently working on:

1. Artificial intelligence - We apply machine learning and deep learning models to find
simple and better solutions for complex technologies such as NLP, computer vision,
predictive analytics, and many more. Our key projects include COVID-19 detection
app, combating fake news in social media, addressing ethical issues in AI, AI model
training, using AI for social cause, and many more. One of the strategic research
areas we have worked on is for COVID-19, to identify inexpensive, fast and reliable
ways of testing and detection. We are working with healthcare leaders to build an AI-
enabled, DIY cough capture app. It’s a contactless, rapid, and effective method for
detecting COVID-19 based on an audio sample. To learn more, click here
2. Autonomous vehicles - We are continuously seeking to improve the fundamental
building blocks of autonomous vehicles using advance technology.
3. Blockchain – Our researchers are moving Blockchain toward being a more widely
adopted technology across industries with relevant research projects such as

31
 provenance for digital supply chain, data consistency in sparsely connected systems,
game theory for smart contracts etc.
4. Quantum computing - One of the high potential areas we seek to explore includes
working on key projects like quantum inspired algorithms for industry use cases and
post-quantum cryptography.
5. 5G – The next generation of wireless technology, known as 5G, is undergoing
intensive research and practice. We are working on key projects such as adaptive
OTFS and precision location using cellular radio signals.

What we do
 Identify - Identify research topics or areas which are emerging and relevant to our
customers. The research team collaborates with academia and customers to try and
solve the current problems faced by companies
 Create - Expand the research output to make it enterprise ready for consumption
 Leverage – Leverage research to solve customer and in-house use cases
 Exhibit - Demonstrate research thought leadership through publication, speaker
sessions and conferences

Why engage with Wipro Research

 Insights into a diverse portfolio of research areas such as deep learning, AI, 5G,
Blockchain, Quantum etc.
 Get early access to our research ecosystem (research output, Rapid Protolab for
experimentation, Topcoder and Wipro research team)
 Leverage top academia across the globe
 Solve practical business problems using real time data and research

Wipro Ventures

About Us

Wipro Ventures invests in early- to mid-stage enterprise software companies to bridge the
gap between emerging startups and enterprise customers. As a trusted partner to Global 1000
enterprises, we provide our portfolio companies with access to Wipro's worldwide customers
and help our clients become early adopters of new innovative technologies. We leverage our
client relationships to develop insights into enterprise needs and market trends, offer valuable
guidance to our startup partners, and accelerate enterprise adoption of emerging solutions.

Competitors:
 Tata Consultancy Services (TCS)
HCLTech
32
  Accenture
 Cognizant
 Hewlett Packard Enterprise (HPE)
 Infosys
 DXC Technology
 Tech Mahindra

Financial Performance:

2018- 2019- 2020- 2021- 2022-

Financial performance
19 20 21 22 23

Revenue1 589,060 613,401 622,425 795,289 9,09,348

Profit before Depreciation, Amortisation, Interest and Tax 119,384 126,592 150,705 171,197 1,73,008

Depreciation and Amortisation 19,474 20,862 27,652 30,911 33,402

Profit before Interest and Tax 99,910 105,730 123,053 140,286 1,39,606

Profit before Tax 115,415 122,512 139,007 151,275 1,47,657

Tax 25,242 24,799 30,345 28,946 33,992

Profit after Tax - attributable to equity holders 90,031 97,218 107,946 122,191 1,13,500

Per share data

Earnings Per Share- Basic(₹)2 14.99 16.67 19.11 22.35 20.73

Earnings Per Share- Diluted(₹)2 14.95 16.62 19.07 22.29 20.68

Financial position

Share Capital 12,068 11,427 10,958 10,964 10,976

33
Net Worth 570,753 559,333 554,593 658,673 7,81,753

Gross cash (A) 379,245 334,134 345,500 345,491 4,01,112

Total Debt (B) 99,467 78,042 83,332 151,696 1,50,093

Net Cash (A-B) 279,778 256,092 262,168 193,795 2,51,019

Property, Plant and Equipment (C) 70,601 81,120 85,192 90,898 88,659

Intangible Assets (D) 13,762 16,362 13,085 43,555 43,045

Property, Plant and Equipment and Intangible Assets (C+D) 84,363 97,482 98,277 134,453 1,31,704

Goodwill 116,980 131,012 139,127 246,989 3,07,970

Net Current Assets 357,556 303,458 293,146 312,423 3,93,343

Capital Employed 670,220 637,375 637,925 810,369 9,31,846

Shareholding related

Number of Shareholders3 330,075 511,881 818,539 1,934,986

26,91,329

Market Price Per Share (₹)4 254.8 196.7 414.2 591.9

365.3

 Sales/Turnover

Fiscal year is
April-March. All
values INR
Millions. 2023 2022 2021 2020 2019

Sales/Revenue 904,876 790,934 619,430 610,232 585,845

Sales Growth 14.41% 27.69% 1.51% 4.16% -

Cost of Goods Sold

645,446 555,872 423,205 436,085 412,053
(COGS) incl. D&A

34
 COGS
613,860 524,961 397,967 415,223 394,897
excluding D&A

Depreciation &
Amortization 31,586 30,911 25,238 20,862 17,156
Expense

Depreciation 23,448 22,701 20,509 17,589 -

Amortization
of 8,138 8,210 4,729 3,273 -
Intangibles

COGS Growth 16.11% 31.35% -2.95% 5.83% -

Gross Income 259,430 235,062 196,225 174,147 173,792

Gross Income
10.37% 19.79% 12.68% 0.20% -
Growth

Gross Profit
28.67% - - - -
Margin

SG&A Expense 122,480 101,317 72,677 72,730 73,982

Research &
3,675 2,926 3,703 4,619 3,942
Development

Other SG&A 118,805 98,391 68,974 68,111 70,040

SGA Growth 20.89% 39.41% -0.07% -1.69% -

EBIT 136,950 133,745 123,548 101,417 99,810

Unusual Expense 1,816 - 3,409 - 7,459

35
 Non Operating
5,768 9,684 4,594 4,438 8,462
Income/Expense

Non-Operating
16,889 13,114 18,442 21,764 20,261
Interest Income

Interest Expense 10,077 5,325 4,298 5,136 5,616

Interest Expense
89.24% 23.89% -16.32% -8.55% -
Growth

Gross Interest
10,077 5,325 4,298 5,136 5,616
Expense

Pretax Income 147,714 151,218 138,877 122,483 115,458

Pretax Income
-2.32% 8.89% 13.38% 6.08% -
Growth

Pretax Margin 16.32% - - - -

Income Tax 33,992 28,946 30,345 24,799 25,242

Income Tax -
Current 32,198 29,862 19,773 18,437 17,987
Domestic

Income Tax -
- 2,553 6,292 5,887 5,663
Current Foreign

Income Tax -
Deferred 1,794 (635) 3,982 1,624 (180)
Domestic

Income Tax -
Deferred - (2,834) 298 (1,149) 1,772
Foreign

Equity in Affiliates (57) 57 130 29 (43)

36
Consolidated Net
113,665 122,329 108,662 97,713 90,173
Income

Minority Interest
165 138 716 495 142
Expense

Net Income 113,500 122,191 107,946 97,218 90,031

Net Income
-7.11% 13.20% 11.03% 7.98% -
Growth

Net Margin 12.54% - - - -

Net Income After

113,500 122,191 107,946 97,218 90,031
Extraordinaries

Net Income
Available to 113,500 122,191 107,946 97,218 90,031
Common

EPS (Basic) 20.72 22.35 19.11 16.67 14.99

EPS (Basic)
-7.29% 16.98% 14.65% 11.20% -
Growth

Basic Shares
5,477 5,467 5,649 5,833 6,007
Outstanding

EPS (Diluted) 20.68 22.29 19.07 16.62 14.95

EPS (Diluted)
-7.23% 16.90% 14.69% 11.20% -
Growth

Diluted Shares
5,489 5,482 5,662 5,848 6,022
Outstanding

EBITDA 168,536 164,656 148,786 122,279 116,966

37
 EBITDA
2.36% 10.67% 21.68% 4.54% -
Growth

EBITDA
18.63% - - - -
Margin

EBIT 136,950 133,745 123,548 101,417 99,810

 Profit

PROFIT & LOSS ACCOUNT MAR 23 MAR 22 MAR 21 MAR 20 MAR 19

OF WIPRO (in Rs. Cr.)

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

REVENUE FROM 67,753.40 59,574.40 50,299.40 50,387.70 48,029.80

OPERATIONS [GROSS]

Less: Excise/Sevice Tax/Other 0.00 0.00 0.00 0.00 0.00

Levies

REVENUE FROM 67,753.40 59,574.40 50,299.40 50,387.70 48,029.80

OPERATIONS [NET]

TOTAL OPERATING 67,753.40 59,574.40 50,299.40 50,407.00 48,123.80

REVENUES

Other Income 2,354.20 4,706.10 2,382.90 2,476.60 2,568.60

TOTAL REVENUE 70,107.60 64,280.50 52,682.30 52,883.60 50,692.40

38
  Net Profit Ratio

PROFITABILITY RATIOS MAR 23 MAR 22 MAR 21 MAR 20 MAR 19

PBDIT Margin (%) 21.38 28.73 28.70 25.16 23.54

PBIT Margin (%) 19.03 26.23 26.01 22.89 21.60

PBT Margin (%) 18.10 25.62 25.21 21.83 20.51

Net Profit Margin (%) 13.54 20.36 20.00 17.22 15.82

Return on Networth / Equity (%) 14.62 22.32 22.23 18.68 15.41

Return on Capital Employed (%) 19.40 27.32 27.49 23.62 20.44

Return on Assets (%) 10.75 15.09 15.30 13.29 11.36

Total Debt/Equity (X) 0.08 0.14 0.13 0.11 0.10

Asset Turnover Ratio (%) 0.82 0.82 0.77 77.18 71.82

39
 Gross Profit Ratio

Fiscal Year Gross Profit Revenue Margin

2019-03-31 2.49 B 8.442 B 29.5%
2020-03-31 2.309 B 8.09 B 28.5%
2021-03-31 2.68 B 8.46 B 31.7%
2022-03-31 3.095 B 10.415 B 29.7%
2023-03-31 3.158 B 11.015 B 28.7%

The tables below summarizes Wipro’s performance over the last four quarters:

Quarter Ending Gross Profit Revenue Margin

2022-12-31 834.5 M 2.809 B 29.7%
2023-03-31 842 M 2.823 B 29.8%
2023-06-30 816.7 M 2.781 B 29.4%
2023-09-30 793.2 M 2.707 B 29.3%

40
 Return on Capital

Period Mar-23 Mar-22 Mar-21 Mar-20 Mar-19

ROCE 17.44 20.43 24.11 21.77 19.98
Change -14.66 % -15.23 % 10.75 % 8.96 % 0.296 %
Price 365.25 591.90 414.15 196.70 254.80
Price
-38.29 % 42.92 % 110.55 % -22.80 % 20.84 %
Change

41
42
 Current Ratio
 FY - Historical Current Ratio of Wipro Ltd.

Period Mar-23 Mar-22 Mar-21 Mar-20 Mar-18

Current Ratio 2.47 2.01 2.27 2.40 2.37
-11.48
Change 22.64 % -5.33 % -9.96 % 0.953 %
%
Price 365.25 591.90 414.15 196.70 210.86
Price Change -38.29 % 42.92 % 110.55 % -22.80 % 9.04 %

43
 Date Current Assets Current Liabilities Current Ratio

2023-09-30 $7.04B $3.08B 2.29

2023-06-30 $8.42B $4.91B 1.72

2023-03-31 $8.04B $3.26B 2.47

2022-12-31 $7.72B $3.45B 2.24

2022-09-30 $7.60B $3.77B 2.02

44
 Date Current Assets Current Liabilities Current Ratio

2022-06-30 $7.40B $3.80B 1.95

2022-03-31 $8.18B $4.06B 2.01

2021-12-31 $7.67B $3.38B 2.27

2021-09-30 $7.18B $3.12B 2.30

2021-06-30 $6.84B $3.10B 2.20

2021-03-31 $7.15B $3.15B 2.27

2020-12-31 $8.51B $4.79B 1.78

2020-09-30 $7.88B $3.07B 2.57

2020-06-30 $7.24B $2.81B 2.58

2020-03-31 $6.90B $2.87B 2.40

2019-12-31 $7.42B $3.03B 2.45

2019-09-30 $7.21B $3.01B 2.40

2019-06-30 $8.87B $3.27B 2.71

2019-03-31 $8.27B $3.10B 2.67

2018-12-31 $7.75B $2.77B 2.79

45
 Date Current Assets Current Liabilities Current Ratio

2018-09-30 $7.24B $2.89B 2.51

2018-06-30 $7.36B $2.91B 2.53

2018-03-31 $7.77B $3.28B 2.37

 Quick Ratio

LIQUIDITY RATIOS

Current Ratio (X) 2.86 2.23 2.50 2.78 2.96

Quick Ratio (X) 2.86 2.23 2.50 2.77 2.94

Inventory Turnover Ratio (X) 0.00 0.00 0.00 289.53 141.42

Dividend Payout Ratio (NP) (%) 5.97 27.10 5.44 7.93 7.16

Dividend Payout Ratio (CP) (%) 5.09 24.14 4.80 7.01 6.38

Earnings Retention Ratio (%) 94.03 72.90 94.56 92.07 92.84

Cash Earnings Retention Ratio (%) 94.91 75.86 95.20 92.99 93.62

46
Price of Share Market in Last Five Years:

Year Wipro YOY Chg% ↑High - ↓Low

↑ ₹258
2018 ₹247.69 5.3% ↓ ₹190

↑ ₹301
2019 ₹245.95 -0.8% ↓ ₹232

↑ ₹390
2020 ₹386.25 57% ↓ ₹159

↑ ₹739
2021 ₹715.20 85.1% ↓ ₹384

↑ ₹726
2022 ₹392.80 -45.1% ↓ ₹372

↑ ₹443
2023 ₹420.15 6.9% ↓ ₹352

P/E Ratio:

PE ratio at the end of each year

Year P/E ratio Change

2022 17.9 -45.41%
2021 32.7 38.82%
2020 23.6 49.98%
2019 15.7 -38.43%

47
 Year P/E ratio Change
2018 25.5 -5.21%
2017 26.9 7.91%

Shareholding Pattern:

48
49
Conclusion:

Wipro Technologies, a leading global information technology, consulting, and business

process services company, has traversed a remarkable journey since its inception in 1945.
Founded by Mohamed Premji, Wipro has evolved into a powerhouse in the technology
industry, consistently adapting to changing landscapes and emerging as a key player in the
global IT services market.

One of Wipro's defining characteristics is its commitment to innovation. The company has
continually invested in research and development, staying at the forefront of technological
advancements. This dedication to innovation has enabled Wipro to offer cutting-edge
solutions to its clients, addressing their evolving needs in an ever-changing digital landscape.
Wipro's emphasis on staying ahead of the curve has played a pivotal role in its sustained
success and resilience in the competitive IT industry.

In the realm of services, Wipro has developed a diverse portfolio that spans across industries
and verticals. From software development and infrastructure management to business process
outsourcing, Wipro provides end-to-end solutions to a wide array of clients globally. The
company's ability to tailor its services to meet the unique requirements of different sectors
has contributed to its widespread acclaim and client satisfaction.

Moreover, Wipro places a strong emphasis on corporate social responsibility (CSR) and
sustainability. The company recognizes the importance of balancing economic success with
environmental and social responsibility. Wipro has implemented various initiatives aimed at
promoting sustainability, including energy-efficient practices, waste reduction, and
community development projects. This commitment to CSR not only aligns with global
trends but also reinforces Wipro's reputation as a socially responsible corporate entity.

Wipro's global footprint is another facet that underscores its significance in the technology
industry. With a presence in multiple countries, the company has fostered a diverse and
inclusive work culture. This global approach has not only allowed Wipro to tap into diverse
talent pools but has also facilitated a deeper understanding of local markets and client needs.
The company's ability to navigate cultural nuances and offer localized solutions has been a
key factor in its global success.

However, like any large organization, Wipro has faced challenges. The dynamic nature of the
technology industry means that companies must be agile and adaptable to stay relevant.
Wipro has demonstrated resilience by consistently evolving its strategies, embracing
emerging technologies, and adapting its business models to meet the demands of the digital
era.

50
In recent years, Wipro has also focused on strategic acquisitions to enhance its capabilities
and expand its market presence. These strategic moves have allowed Wipro to broaden its
service offerings, enter new geographies, and strengthen its position in key industry
segments. The company's strategic vision and execution demonstrate its commitment to
sustainable growth and market leadership.

In conclusion, Wipro Technologies stands as a testament to the power of innovation,

adaptability, and a commitment to excellence. From its humble beginnings, the company has
grown into a global force in the IT industry. Wipro's success can be attributed to its ability to
anticipate industry trends, invest in research and development, provide tailored solutions to
clients, and uphold a strong sense of corporate responsibility. As technology continues to
shape the future, Wipro is well-positioned to navigate the challenges and opportunities that
lie ahead, remaining a key player in the ever-evolving landscape of information technology.

51
 -:WORK CITED:-
1. https://www.wipro.com/

2. https://ncert.nic.in/textbook/pdf/lebs105.pdf

3. https://www.capitalmarket.com/Company-Information/Information/About-
Company/Wipro/614

4. https://en.wikipedia.org/wiki/Wipro

5. https://www.globaldata.com/company-profile/wipro-ltd/

6. https://india.fandom.com/wiki/Wipro_Technologies

7. https://www.wipro.com/newsroom/press-releases/archives/wipro-technologies-
announces-consolidation-of-global-it-infrastr/

8. https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W
9. https://www.techonline.com/directory/wipro/

10. https://www.wipro.com/investors/corporate-governance/corporate-social-
responsibility/
11. https://groww.in/stocks/wipro-ltd

12. https://www.moneycontrol.com/news/business/companies/wipro-to-merge-five-wholly-
owned-subsidiaries-with-it

13. https://www.capco.com/-/media/CapcoMedia/Capco-
2023/Intelligence/Global/PDFs/Integrate-Innovate-and-Accelerate-Managing-People-In-
Post-

14. https://www.capitaline.com/

15. https://in.investing.com/equities/wipro-ltd-financial-summary

16. https://www.wipro.com/investors/last-5-years-data/

17. https://www.nseindia.com/get-quotes/equity?symbol=WIPRO

18. https://www.bseindia.com/stock-share-price/wipro-ltd/wipro/507685

19. https://www.bseindia.com/stock-share-price/wipro-ltd/wipro/507685

20. https://www.moneycontrol.com/mf/user_scheme/mfholddetail_sec.php?sc_did=W

====================== END ====================

52