Asia300

Wipro Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 538.9
May 26, 2017
Market cap:
Market cap(USD):
1,310.95B
20,346.89M
Shares: 2,432.64M

Currency in INR

Company profile

Market(Ticker): BOM(507685)
Sector:
Industry:
Technology Services
Information Technology Services
Full time employees: --

Business summary

Wipro Ltd. is a global information technology, consulting and outsourcing company. The company develops and integrates solutions that enable clients to leverage Information Technology (IT) in achieving their business objectives at competitive costs. It operates through the Information Technology Services and Information Technology Products segments. The Information Technology Services segment provides IT and IT-enabled services which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, BPO services, cloud, mobility and analytics services, research and development and hardware and software design. The Information Technology Products segment provides a range of third-party IT products, which allows to provide comprehensive IT system integration services. These products include computing, storage, networking, security and software products, including databases and operating systems. The company was founded on December 29, 1945 and is headquartered in Bangalore, India.

Company background

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.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 550,402M
Gross profit 158,858M
Operating income 86,020M
Income before tax 110,356M
Net income 84,895M
EBITDA 106,071M
Diluted EPS 34.85
Dividends per share --
Total assets 793,516M
Total liabilities 270,821M
Total equity 520,304M
Operating cash flow 108,154M

Currency in INR

Revenue 8,207.96M
Gross profit 2,368.99M
Operating income 1,282.78M
Income before tax 1,645.70M
Net income 1,266.01M
EBITDA 1,581.80M
Diluted EPS 0.51
Dividends per share --
Total assets 12,220.15M
Total liabilities 4,170.64M
Total equity 8,012.68M
Operating cash flow 1,612.86M

Currency in USD

Valuation measures

Mar 2017

PER 14.74
ROA 11.11%
ROE 17.21%
Operating margin 15.62%
Profit margin 15.42%

Key executive

  • Chief Executive Officer & Executive Director: Abidali Z. Neemuchwala
  • President & Chief Operating Officer: B. M. Bhanumurthy
  • Chief Financial Officer: Jatin Pravinchandra Dalal
  • Chief Technology Officer: K. R. Sanjiv
  • Chief Information Officer & Senior Vice president: Raja Ukil

Share holders

  • PREMJI AZIM HASHAM(73.2%)
  • Life Insurance Corp. of India(1.9%)
  • ICICI Prudential Asset Management Co. Ltd.(1.6%)
  • First State Investment Management (UK) Ltd.(1.3%)
  • BlackRock Fund Advisors(0.8%)
  • The Vanguard Group, Inc.(0.5%)
  • PineBridge Investments Asia Ltd.(0.4%)
  • PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD(0.4%)
  • Norges Bank Investment Management(0.3%)
  • Dimensional Fund Advisors LP(0.2%)

Address

  • Website: http://www.wipro.com
  • Address: Doddakannelli, Sarjapur Road, Bangalore, 560035, India
  • Phone: +91.80.28440011

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