Wipro Ltd.
In the news
- India's IT services groups brace for global spending freeze Apr 17, 2020
- Accenture earnings raise hopes for Indian software exporters Mar 20, 2020
- Asian stocks extend losses as China virus kills more people Jan 31, 2020
- Tata Consultancy profit misses estimates as banks curb technology spending Jan 17, 2020
- Asian stocks fall amid concerns over US-China trade relations Jan 15, 2020 See more articles on 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
Financial Highlights
Mar 2022 | INR | USD |
Revenue | 790,934M | 10,615.19M |
Gross Profit | 235,062M | 3,154.78M |
Operating income | 133,745M | 1,795.00M |
Income before tax | 151,218M | 2,029.50M |
Net income | 122,191M | 1,639.93M |
EBITDA | 164,656M | 2,209.86M |
Diluted EPS | 22.28 | 0.29 |
Dividends Per Share | -- | -- |
Total Assets | 1,079.18B | 14,241.92M |
Total liabilities | 420,509M | 5,549.44M |
Total equity | 658,158M | 8,685.68M |
Operating cash flow | 117,985M | 1,583.48M |
Currency in INR | Currency in USD |
Historical Data
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
Revenue | 544,871M | 585,845M | 610,232M | 619,430M | 790,934M |
Gross Profit | 155,825M | 173,792M | 174,147M | 196,225M | 235,062M |
Operating income | 83,449M | 99,810M | 101,417M | 123,548M | 133,745M |
Income before tax | 102,474M | 115,458M | 122,483M | 138,877M | 151,218M |
Net income | 80,081M | 90,031M | 97,218M | 107,946M | 122,191M |
EBITDA | 103,930M | 116,966M | 122,279M | 148,786M | 164,656M |
Diluted EPS | 12.62 | 14.94 | 16.62 | 19.06 | 22.28 |
Dividends Per Share | 0.75 | 0.75 | 1 | 1 | -- |
Total Assets | 760,640M | 833,171M | 817,062M | 831,434M | 1,079.18B |
Total liabilities | 275,294M | 262,418M | 257,729M | 276,841M | 420,509M |
Total equity | 482,936M | 568,116M | 557,458M | 553,095M | 658,158M |
Operating cash flow | 96,066M | 132,044M | 120,246M | 163,843M | 117,985M |
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
Revenue | 8,452.06M | 8,376.07M | 8,606.21M | 8,344.17M | 10,615.19M |
Gross Profit | 2,417.16M | 2,484.77M | 2,456.02M | 2,643.29M | 3,154.78M |
Operating income | 1,294.46M | 1,427.02M | 1,430.30M | 1,664.28M | 1,795.00M |
Income before tax | 1,589.58M | 1,650.75M | 1,727.39M | 1,870.77M | 2,029.50M |
Net income | 1,242.21M | 1,287.21M | 1,371.08M | 1,454.11M | 1,639.93M |
EBITDA | 1,612.16M | 1,672.31M | 1,724.52M | 2,004.25M | 2,209.86M |
Diluted EPS | 0.19 | 0.21 | 0.23 | 0.25 | 0.29 |
Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.01 | -- |
Total Assets | 11,662.37M | 12,027.00M | 10,800.37M | 11,371.78M | 14,241.92M |
Total liabilities | 4,220.89M | 3,788.06M | 3,406.80M | 3,786.44M | 5,549.44M |
Total equity | 7,404.53M | 8,200.88M | 7,368.78M | 7,564.85M | 8,685.68M |
Operating cash flow | 1,490.17M | 1,887.88M | 1,695.85M | 2,207.08M | 1,583.48M |
Valuation Measures
Mar 2022 | |
PER | 26.48 |
ROA | 12.79% |
ROE | 20.17% |
Operating margin | 16.90% |
Profit margin | 15.44% |
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
Shareholders
- PREMJI AZIM HASHAM (72.5%)
- Life Insurance Corporation of India (Investment Portfolio) (3.3%)
- SBI Funds Management Pvt Ltd. (1.0%)
- BlackRock Fund Advisors (0.7%)
- ICICI Prudential Asset Management Co. Ltd. (0.5%)
- Norges Bank Investment Management (0.5%)
- The Vanguard Group, Inc. (0.5%)
- Axis Asset Management Co. Ltd. (0.4%)
- UTI Asset Management Co. Ltd. (Investment Management) (0.2%)
- PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.2%)
Contact Details
- Website:http://www.wipro.com
- Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
- Phone: +91.80.46827999
Related Companies
- Wipro GE Medical Device Manufacturing Pvt Ltd.
- Ampion Holdings Pty Ltd.
- Wipro Technologies (India) Pvt Ltd.
- Wipro Ltd. Employees Provident Fund
- Wipro Overseas IT Services Pvt Ltd.
- Wipro IT Services Bangladesh Ltd.
- Designit Tokyo Co., Ltd.
- Wipro do Brasil Technologia Ltda.
- Wipro Promax Analytics Solutions LLC
- Eximius Design LLC
- Wipro Information Technology Ltd. Provident Fund Trust
- Wipro IT Services SE
- Designit Spain Digital SL
- Leanswift Solutions, Inc.
- Vara Infotech Pvt Ltd.
- Wipro Unza (Malaysia) Sdn. Bhd.
- METRONOM GmbH
- Wipro Unza (China) Ltd.
- Wipro HR Services India Pvt Ltd.
- Wipro Technology Solutions SRL
- Wipro Unza Singapore Pte Ltd.
- Wipro Limited
- Wipro Ltd. /EcoEnergy Division/
- Wipro Limited
- Wipro Ltd Singapore
- Wipro Australia Pty Ltd.
- Convergence Acceleration Solutions LLC
- Wipro Shanghai Ltd.
- Vignani Solutions Pvt Ltd.
- Wipro Chengdu Ltd.
Competitors
- Capgemini SE
- Atos SE
- Globant SA
- DATAGROUP SE
- CMTSU Liquidation, Inc.
- Cognizant Technology Solutions Corporation Class A
- Capita plc
- Kyndryl Holdings Incorporation
- Sopra Steria Group SA
- EPAM Systems, Inc.
- Rackspace Technology, Inc.
- Genpact Limited
- Deutsche Telekom AG
- Perficient, Inc.
- Micropole SA
- Arabian Internet and Communications Services Company
- Amdocs Limited
- Grid Dynamics Holdings, Inc. Class A
- NetSol Technologies, Inc.
- Startek, Inc.
- Firstsource Solutions Limited
- Teleperformance SA
- BSQUARE Corporation
- WNS (Holdings) Limited Sponsored ADR
- Cigniti Technologies Limited
- Black Knight, Inc.
- CLPS, Inc.
- Exela Technologies, Inc.
- CEVA, Inc.
- DY Corporation
Copyright © 2022 FactSet Research Systems Inc. All rights reserved.
Last Updated on 29 Jun, 2022Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.