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Technology Services

Wipro Ltd.

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.

Business Summary

Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products segments. The Information Technology Services segment provides a range of IT and IT-enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment provides a range of third-party IT products, which allows to provide comprehensive IT system integration services. The ISRE segment consists of IT services offerings to organizations owned or controlled by the Government of India and/or any Indian State Governments. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.

Financial Highlights

Mar 2021 INRUSD
Gross Profit196,225M2,643.29M
Operating income123,548M1,664.28M
Income before tax138,877M1,870.77M
Net income107,946M1,454.11M
Diluted EPS19.060.25
Dividends Per Share----
Total Assets831,434M11,371.78M
Total liabilities276,841M3,786.44M
Total equity553,095M7,564.85M
Operating cash flow163,843M2,207.08M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 550,402M 544,871M 585,845M 610,232M 619,430M
Gross Profit 156,060M 155,825M 173,792M 174,147M 196,225M
Operating income 89,076M 83,449M 99,810M 101,417M 123,548M
Income before tax 110,356M 102,474M 115,458M 122,483M 138,877M
Net income 84,895M 80,081M 90,031M 97,218M 107,946M
EBITDA 109,127M 103,930M 116,966M 122,279M 148,786M
Diluted EPS 13.06 12.62 14.94 16.62 19.06
Dividends Per Share 0.74 0.75 0.75 1 --
Total Assets 793,516M 760,640M 833,171M 817,062M 831,434M
Total liabilities 270,821M 275,294M 262,418M 257,729M 276,841M
Total equity 520,304M 482,936M 568,116M 557,458M 553,095M
Operating cash flow 108,154M 96,066M 132,044M 120,246M 163,843M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 8,207.96M 8,452.06M 8,376.07M 8,606.21M 8,344.17M
Gross Profit 2,327.27M 2,417.16M 2,484.77M 2,456.02M 2,643.29M
Operating income 1,328.36M 1,294.46M 1,427.02M 1,430.30M 1,664.28M
Income before tax 1,645.70M 1,589.58M 1,650.75M 1,727.39M 1,870.77M
Net income 1,266.01M 1,242.21M 1,287.21M 1,371.08M 1,454.11M
EBITDA 1,627.37M 1,612.16M 1,672.31M 1,724.52M 2,004.25M
Diluted EPS 0.19 0.19 0.21 0.23 0.25
Dividends Per Share 0.01 0.01 0.01 0.01 --
Total Assets 12,220.15M 11,662.37M 12,027.00M 10,800.37M 11,371.78M
Total liabilities 4,170.64M 4,220.89M 3,788.06M 3,406.80M 3,786.44M
Total equity 8,012.68M 7,404.53M 8,200.88M 7,368.78M 7,564.85M
Operating cash flow 1,612.86M 1,490.17M 1,887.88M 1,695.85M 2,207.08M

Valuation Measures

Mar 2021
Operating margin19.94%
Profit margin17.42%

Key executives

  • CEO, Executive Director & Managing Director: Thierry Delaporte
  • President & Chief Financial Officer: Jatin Pravinchandra Dalal
  • Chief Operations Officer: Sanjeev Singh
  • Global Head-Engineering, Research & Development: Harmeet Chauhan
  • Chief Technology Officer: Subha Tatavarti


  • Life Insurance Corp of India (3.7%)
  • BlackRock Fund Advisors (0.7%)
  • Alco Co. Pvt Ltd. (0.7%)
  • Norges Bank Investment Management (0.6%)
  • Axis Asset Management Co. Ltd. (0.5%)
  • SBI Funds Management Pvt Ltd. (0.5%)
  • The Vanguard Group, Inc. (0.4%)
  • Wipro Equity Reward Trust (0.4%)
  • Goldman Sachs Asset Management International (0.3%)

Contact Details

  • Website:
  • Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
  • Phone: +91.80.46827999

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Last Updated on 23 Sep, 2021

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