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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 2020 INRUSD
Gross Profit174,147M2,456.02M
Operating income101,417M1,430.30M
Income before tax122,483M1,727.39M
Net income97,218M1,371.08M
Diluted EPS16.620.23
Dividends Per Share10.01
Total Assets817,062M10,800.37M
Total liabilities257,729M3,406.80M
Total equity557,458M7,368.78M
Operating cash flow120,246M1,695.85M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 512,440M 550,402M 544,871M 585,845M 610,232M
Gross Profit 154,271M 156,060M 155,825M 173,792M 174,147M
Operating income 92,993M 89,076M 83,449M 99,810M 101,417M
Income before tax 114,933M 110,356M 102,474M 115,458M 122,483M
Net income 89,075M 84,895M 80,081M 90,031M 97,218M
EBITDA 107,958M 109,127M 103,930M 116,966M 122,279M
Diluted EPS 13.59 13.06 12.62 14.94 16.62
Dividends Per Share 2.24 0.74 0.75 0.75 1
Total Assets 733,061M 793,516M 760,640M 833,171M 817,062M
Total liabilities 265,677M 270,821M 275,294M 262,418M 257,729M
Total equity 465,172M 520,304M 482,936M 568,116M 557,458M
Operating cash flow 95,959M 108,154M 96,066M 132,044M 120,246M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 7,826.99M 8,207.96M 8,452.06M 8,376.07M 8,606.21M
Gross Profit 2,356.33M 2,327.27M 2,417.16M 2,484.77M 2,456.02M
Operating income 1,420.37M 1,328.36M 1,294.46M 1,427.02M 1,430.30M
Income before tax 1,755.48M 1,645.70M 1,589.58M 1,650.75M 1,727.39M
Net income 1,360.52M 1,266.01M 1,242.21M 1,287.21M 1,371.08M
EBITDA 1,648.94M 1,627.37M 1,612.16M 1,672.31M 1,724.52M
Diluted EPS 0.20 0.19 0.19 0.21 0.23
Dividends Per Share 0.03 0.01 0.01 0.01 0.01
Total Assets 11,069.66M 12,220.15M 11,662.37M 12,027.00M 10,800.37M
Total liabilities 4,011.88M 4,170.64M 4,220.89M 3,788.06M 3,406.80M
Total equity 7,024.37M 8,012.68M 7,404.53M 8,200.88M 7,368.78M
Operating cash flow 1,465.67M 1,612.86M 1,490.17M 1,887.88M 1,695.85M

Valuation Measures

Mar 2020
Operating margin16.61%
Profit margin15.93%

Key executives

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


  • Life Insurance Corp of India (3.8%)
  • ICICI Prudential Asset Management Co. Ltd. (0.7%)
  • Alco Co. Pvt Ltd. (0.7%)
  • BlackRock Fund Advisors (0.7%)
  • Norges Bank Investment Management (0.6%)
  • The Vanguard Group, Inc. (0.5%)
  • SBI Funds Management Pvt Ltd. (0.5%)
  • Axis Asset Management Co. Ltd. (0.4%)
  • Wipro Equity Reward Trust (0.4%)

Contact Details

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

Related Companies

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  • Wipro IT Services SE
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  • Wipro Unza (Malaysia) Sdn. Bhd.
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  • Wipro Limited
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  • Wipro Australia Pty Ltd.
  • Wipro Shanghai Ltd.
  • Vignani Solutions Pvt Ltd.
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  • Wipro Digital
  • Wipro Ventures
  • Sanoma Ojy /Finland & Netherlands ICT Businesses/
  • Wipro Networks Pte Ltd.
  • Wipro Enterprises Pvt Ltd.
  • Wipro Ltd. (Indonesia)


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Last Updated on 5 Mar, 2021

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