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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 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. The company was founded on December 29, 1945 and is headquartered in Bangalore, India.

Financial Highlights

Mar 2019 INRUSD
Revenue585,845M8,376.07M
Gross Profit173,792M2,484.77M
Operating income99,810M1,427.02M
Income before tax115,458M1,650.75M
Net income90,031M1,287.21M
EBITDA116,966M1,672.31M
Diluted EPS14.940.21
Dividends Per Share0.750.01
Total Assets833,171M12,027.00M
Total liabilities262,418M3,788.06M
Total equity568,116M8,200.88M
Operating cash flow132,044M1,887.88M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 469,545M 512,440M 550,402M 544,871M 585,845M
Gross Profit 147,052M 154,271M 156,060M 155,825M 173,792M
Operating income 91,786M 92,993M 89,076M 83,449M 99,810M
Income before tax 111,683M 114,933M 110,356M 102,474M 115,458M
Net income 86,528M 89,075M 84,895M 80,081M 90,031M
EBITDA 104,609M 107,958M 109,127M 103,930M 116,966M
Diluted EPS 13.17 13.56 13.06 12.62 14.94
Dividends Per Share 4.50 2.25 0.75 0.75 0.75
Total Assets 606,792M 733,061M 793,516M 760,640M 833,171M
Total liabilities 197,164M 265,677M 270,821M 275,294M 262,418M
Total equity 407,982M 465,172M 520,304M 482,936M 568,116M
Operating cash flow 89,773M 95,959M 108,154M 96,066M 132,044M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 7,679.39M 7,826.99M 8,207.96M 8,452.06M 8,376.07M
Gross Profit 2,405.03M 2,356.33M 2,327.27M 2,417.16M 2,484.77M
Operating income 1,501.15M 1,420.37M 1,328.36M 1,294.46M 1,427.02M
Income before tax 1,826.57M 1,755.48M 1,645.70M 1,589.58M 1,650.75M
Net income 1,415.16M 1,360.52M 1,266.01M 1,242.21M 1,287.21M
EBITDA 1,710.87M 1,648.94M 1,627.37M 1,612.16M 1,672.31M
Diluted EPS 0.21 0.20 0.19 0.19 0.21
Dividends Per Share 0.07 0.03 0.01 0.01 0.01
Total Assets 9,696.06M 11,069.66M 12,220.15M 11,662.37M 12,027.00M
Total liabilities 3,150.52M 4,011.88M 4,170.64M 4,220.89M 3,788.06M
Total equity 6,519.23M 7,024.37M 8,012.68M 7,404.53M 8,200.88M
Operating cash flow 1,468.23M 1,465.67M 1,612.86M 1,490.17M 1,887.88M

Valuation Measures

Mar 2019
PER16.99
ROA11.29%
ROE17.13%
Operating margin17.03%
Profit margin15.36%

Key executives

  • CEO, Managing Director & Executive Director: Abidali Z. Neemuchwala
  • Co-President & Chief Operating Officer: B. M. Bhanumurthy
  • Co-President & Chief Human Resources Officer: Saurabh Govil
  • Chief Financial Officer: Jatin Pravinchandra Dalal
  • Chief Technology Officer: K. R. Sanjiv

Shareholders

  • PREMJI AZIM HASHAM (77.5%)
  • Life Insurance Corp. of India (5.0%)
  • Alco Co. Pvt Ltd. (0.7%)
  • BlackRock Fund Advisors (0.7%)
  • The Vanguard Group, Inc. (0.5%)
  • Norges Bank Investment Management (0.5%)
  • ICICI Prudential Asset Management Co. Ltd. (0.5%)
  • PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.3%)
  • Dimensional Fund Advisors LP (0.3%)
  • SBI Funds Management Pvt Ltd. (0.3%)

Contact Details

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

Related Companies

  • Vara Infotech Pvt Ltd.
  • Wipro Unza (Malaysia) Sdn. Bhd.
  • Wipro Unza (China) Ltd.
  • Alight HR Services India Pvt Ltd.
  • Wipro Unza Singapore Pte Ltd.
  • Wipro Limited
  • Wipro Ltd. /EcoEnergy Division/
  • Wipro Limited
  • Wipro Ltd Singapore
  • Wipro UK Ltd.
  • Wipro Australia Pty Ltd.
  • Wipro (Shanghai) Ltd.
  • Vignani Solutions Pvt Ltd.
  • Wipro Chengdu Ltd.
  • Wipro Singapore Pte Ltd.
  • Wipro Digital
  • Wipro Ventures
  • Sanoma Ojy /Finland & Netherlands ICT Businesses/
  • Wipro Networks Pte Ltd.
  • Wipro Arabia Ltd.
  • Wipro Enterprises Pvt Ltd.
  • Wipro Ltd. (Indonesia)
  • L.D. Waxson Singapore Pte Ltd.
  • Yardley of London /Yardley European Ops/
  • Promax Applications Group
  • Wipro Ltd. /Water Purification & Treatment Buss/
  • Wipro Technologies SRL
  • Wipro Consumer Care Pvt Ltd.
  • Wipro Travel Services Ltd.
  • Wipro Chandrika Ltd.

Competitors

  • International Business Machines Corporation
  • Atos SE
  • Cognizant Technology Solutions Corporation Class A
  • Virtusa Corporation
  • CMTSU Liquidation, Inc.
  • Sopra Steria Group SA
  • SQL Ingenierie SA
  • Genpact Limited
  • EPAM Systems, Inc.
  • Perficient, Inc.
  • Globant SA
  • Sify Technologies Limited Sponsored ADR
  • NetSol Technologies, Inc.
  • AMERI Holdings, Inc.
  • StarTek, Inc.
  • Teleperformance SE
  • Firstsource Solutions Limited
  • Cigniti Technologies Limited
  • WNS (Holdings) Limited Sponsored ADR
  • Black Knight, Inc.
  • Sykes Enterprises, Incorporated
  • BSQUARE Corporation
  • Amdocs Limited
  • Information Services Group, Inc.
  • Radian Group Inc.
  • Exela Technologies, Inc.
  • DY POWER Corporation
  • SecureWorks Corp. Class A
Last Updated on 13 Dec, 2019

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