WIPRO
Introduction
Wipro is a major business establishment in India. It deals primarily in software products and related services. It is ranked as #1102 company in 2008 Forbes Global 2000 list. It is regarded as a leading provider of integrated business process and technological solutions.
Wipro Technologies has been operating on a global basis. It has been rated as largest independent provider of research and development services. It earns more than half a billion dollars through research and development services. It is also counted as being one among three leading offshore BPO services provider. Headquarters of Wipro is located at Bangalore, India.
History
Wipro was established in 1947. It was a vegetable oil company to start with and was created from an oil mill established by father of Azim Premji, present
Chairman and CEO of Wipro. It later ventured into consumer goods in 1966 under Azim Premji's leadership as Wipro Ltd. In 1975 Wipro Fluid Power was set up to make pneumatic cylinders and hydraulic cylinders.
Head office
The corporate office and head office is located in Bangalore, India.
Branches (In India)
Bangalore Mysore Kolkata Chennai Secunderabad New Delhi Bhopal Jaipur Chandigarh Lucknow Pondicherry Cochin Mumbai Pune
Branches (In other countries)
Egypt Taiwan
UAE (Dubai, Sharjah) Hong Kong
Australia (Sydney, Melbourne) Singapore
Malaysia
Saudi Arabia (Al Khobar, Riyadh)
Kuwait
Overall number of employees
Wipro had 67,818 employees as of March 31, 2007 on its rolls including 50,354 employees in IT Services business and 17,464 employees in BPO business. This represents a net addition of 14,076 people comprised of 12,699 in IT Services business and 1,377 people in BPO business for the year.
Turnover
Wipro Ltd has announced the standalone Results for the quarter ended on 30-JUN-2009. The Net Sales was at Rs. 528790 lacs for quarter ending on 30-JUN-2009 against Rs. 529890 lacs for the quarter ending on 31-MAR-2009. The Net Profit / (Loss) were at Rs. 119790 lacs for the quarter ending on 30-JUN-2009 against Rs. 84210 lacs for the quarter ending on 31-MAR-2009.
The Consolidated Net Sales was at Rs. 628910 lacs for quarter ending on 30-JUN-2009 against Rs. 648210 lacs for the quarter ending on 31-MAR-30-JUN-2009. The
Consolidated Net Profit / (Loss) were at Rs. 101550 lacs for the quarter ending on 30-JUN-2009 against Rs. 101000 lacs for the quarter ending on 31-MAR-2009. The stock closed the day at Rs.458.70, down by Rs.1.20 or 0.26%. The stock hit an intraday high of Rs.470.80 and low of Rs.455.
The total traded quantity was 1959514 at an average price of Rs 462.30 resulting In a turnover of Rs 9058.83 lakhs.
Current share price (as on 27 Aug’09)
Current value: 568.45 Day’s increase: +11.20 % increase: +2.01% Volume 301,317 Prev. Close 557.25 Day's H/L (Rs) 572.50 - 549.50 52wk H/L (Rs) 565.90 - 181.70 Mkt Cap (Rs Cr) 83,277.93
Listing in Stock Exchange
The Stock Exchange Mumbai
National Stock Exchange of India Ltd. New York Stock Exchange
Contribution to GDP
Wipro and Infosys account for 5.3 per cent of GDP
Organization structure
Wipro Chairman Azim H Premji, senior executives of Wipro and external members who are global leaders & visionaries form the Wipro Board which provides direction & guidance to the organization.
Board of Director
Azim H Premji Chairman
Executive Directors
Girish S Paranjpe Suresh C Senapaty Suresh Vaswani
Independent Directors
Ashok S Ganguly B C Prabhakar P M Sinha N Vaghul Jagdish N Sheth William Arthur Owens
Management team
Jt Chief Executive Officers - IT Business
Jt.- CEO, IT Business Jt.- CEO, IT
Member of the Board Member of the Board
Geo
Hiroshi Alley
Chief Sales & Operations Officer
Japan & China
Martha Bejar
President Global Sales and
Operations Wipro Technologies
Rajat Mathur
Chief Sales and Operations Officer, Asia Pacific & Senior
Vice President
Ayan Mukerji
Chief Sales & Operations Officer
Europe
Manoj Punja
Chief Sales & Operations Officer
Americas
Anand Sankaran
Sr.Vice President Head - India & Middle
East
Vertical Business Units
N.S. Bala Sr.Vice President Manufacturing Bhanu Murthy B M Sr.Vice President Retail, Consumer Goods, Transportation & Services Soumitro Ghosh Sr.Vice President Financial Services Anand Padmanabhan Sr.Vice President Energy & Utilities
G.K.Prasanna
Sr.Vice President Technology
Rajiv Shah
Sr.Vice President Healthcare & Services
P Subrahmanyam Sr.Vice President Telecom Equipment Service Lines Gangadharaiah. C P Sr.Vice President Testing Services Deepak Jain Vice President Technology Infrastructure Services T K Kurien President Wipro Consulting Services, Communication & Media Zach Lonstein CEO Infocrossing Inc. Srinivas Pallia Sr. Vice President K.R.Sanjiv Sr. Vice President Business Technology Services (FS & TMT) Sangita Singh Sr.Vice President Enterprise Application Services Ashutosh Vaidya Head Wipro BPO V.R.Venkatesh Sr.Vice President
Product Engineering
Services Kirk StrawserHead Wipro Consulting Services
Function
Laxman K Badiga Chief Information Officer Pradeep Bahirwani Vice President Talent Acquisition Sambuddha DebChief Global Delivery Officer Manish Dugar Chief Financial Officer K R Lakshminarayana Ian
Chief Strategy Officer
Jessie Paul
Chief Marketing Officer
Jagdish Ramaswamy
Chief Quality Officer
I Vijaya kumar
Chief Technology Officer
Strategies
Wipro expects to significantly grow its global IT services business and the percentage of its total revenues and profits contributed by this business over the next few years. It hopes to achieve this objective by identifying and developing service offerings in emerging growth areas as separate business opportunities, such as infrastructure support services, business intelligence services and
telecommunication, internet and application service providers.
It is also planning to aggressively develop the research and development services by focussing on high growth markets such as telecommunication, mobile
communication and the internet and high growth technologies such as embedded software. Also, the company will be leveraging its experience in providing IT services in the Indian market and its access to existing clients outside India to provide global support services.
The intention is also to increase the number of clients through a dedicated sales team focussed on new client acquisitions and increasing its presence in Europe and Asia. The goal is to make every new client account earn over $1 million in annual revenues within twelve months. Also the company intends to increase its share of business with existing clients by expanding its range of IT solutions and by increasing its knowledge of industry segments and individual client businesses to allow it to better understand client requirements.
The focus would be on improving operating margins by increasing the revenue per IT professional by providing higher value added services, increasing the number
of productized services and increasing the proportion of the company's fixed price contracts.
Involvements in other activities
(Wipro cares)
Wipro Cares is an initiative by the Wiproites, their family members and friends to contribute in the areas of education, community and social development. Wipro Cares philosophy is to utilize the collective wisdom of volunteers to bring long term benefits and satisfaction to the community, as we believe that providing funds alone will not help the community.
This is a unique corporate experiment to channelise the contributions of the Wiproites matched by Wipro, and the desires of Wiproites to make meaningful contributions to society, on a continuous basis.
Wipro Cares contributes through two pronged strategy: providing rehabilitation to survivors of natural calamities and enhancing learning abilities of children from the under privileged sections of the society.
