India is experiencing technological advancement where everyone is promoting digital services. When you use the services and softwares it seems very easy to operate it sometimes but the hard work behind creating those databases is something which needs proper dedication, skills and skill management. But our India is full of engineers who excel in these skills as well as we have a large number of tech companies who are best in their work. Wipro is one of them or we can say one of the best among them. It is the 6th biggest company in India in terms of IT services. Other than the IT services wipro limited deals with various kinds of services. In this blog we will talk about its history, services, revenue and many more.
Understanding My Wipro
Wipro Limited is a popularly known Indian Multinational Corporation originally founded in 1945 by M.H Hasham Premji, its headquarter is located in Sarjapur Road, Bangalore, India. The company is involved in services related to Information Technology, Business Process services and Consulting services. Their journey has not started with these services, it took various twists and turns to become the 6th biggest tech company of India. Headquarter of Wipro is located in Bangalore, India.
History and Background
Early Beginnings (1945-1970s)
It was founded on 29 December 1945 as Wipro India Vegetable Products Limited by M. H Hasham Premji. At the start, the company dealt with manufacturing cooking oil which later on shifted to consumer care products and Commercial and domestic Lighting and infrastructure and then shifted to IT and consulting services.
In 1966, after the death of M.H Hasham Premji, his son Azim premji took over the company at the age of 21 years. In 1977 the company name was change into My Wipro, taking the first syllable of the words from the company’s name.
Wipro Shift to IT services ( 1980s – 1990s)
The shift to the Information Technology services arrived in the 1980s with its subsidiaries Wipro Infotech and Wipro Systems. This shift in the services made due to technological revolution in the Indian Market. Computers were becoming popular and necessary, and so were technological services. The founders and the chairpersons acknowledged the need and demand of the market and arrived in the IT market. Their plan worked well and this shift brought a drastic positive change in their revenue.
Globalization and Innovation (2000s – Present)
In the early 2000s, Wipro started standing strong in the global markets. According to the sources, it was the first Indian tech company which was list in New York Stock Exchange. It was a big achievement at that time and solidified Wipro’s global position. After establishing its place in the IT sector, Wipro further stepped into several sectors like healthcare, finance and energy. The services and the global presence is still emerging and getting bigger
Key People Serving at My Wipro
Company’s top management plays the most crucial role in the decisions. Wipro is one of the largest companies of India. The credit goes to the whole management and employee team but here we have to appreciate the key people who made the right decisions and contributed in making it one of the best choices for It services. The current executive Chairman of Wipro is Rishad Premji and the responsibilities of the CEO is managed by Srini Pallia.
Services Offered by My Wipro
Wipro Limited provides several services for their clients and customers. Just look down into the sectors they provide their services.
Business Process solutions
It helps to optimize the business and operational processes of the organizations which brings more efficiency in the work.
Cybersecurity solutions
Data security and safety is an important topic now. Wipro helps businesses with end to end encryption solutions. Furthermore these services help in risk management and threat detection.
Engineering and designing
Their engineering services help to develop and design new and innovative products and services. Various industries like telecom and automotive are include in this category of services.
IT services and consulting
At Wipro you can get several IT related services like software development, data analytics, IT consulting etc. This service is needed in every sector nowadays, it helps various domains like health, education, manufacturing and many more.
Overview of the Web Page
All the official information about Wipro Limited can be found at their official web page that wipro.com .The platform provides the summary of their services, industries, insights etc. Whether you need information about career opportunities, want an overview of the company and their graph or want to explore their services, you can find it all on their website. To get detailed information about Wipro you must visit its website.
You can submit your details to contact the support team. The information includes name, email address, job title, Company, country and the message you want to deliver to them. You will get the immediate response from the company and they will try to reply to your query, suggestion or message as soon as possible.
Promoters and Shareholding Pattern
Wipro shareholding structure includes their promoters, other institutional investors such as foreign and domestic and others. Most of its shares are held by the Prem ji family, the founders of Wipro (around 73%).
This table shows the data about Wipro shareholding pattern as of 2024 and how The remaining 27% is divided among all types of investors.
Shareholders | Percentage |
Promoters & promoters group | 73% |
Foreign Institutional Investors | 7% |
Domestic institutional Investors | 8% |
Overseas Depositors | 2% |
Non-Institutions | 10% |
Career Opportunities at Wipro
There are multiple career opportunities at wipro from its sector jobs to management posts. You can find everything at wipro to grow your career. The postings and opportunities are not only limited to India. There are many job offers in other countries by Wipro which proves its worldwide domination as well as stability in IT services.
Hiring Process
To get hired as a wipro employee you have to go through their recruitment process which starts with filling the application form and goes further. You can directly apply from their Online portal. Follow the given steps to apply.
- Step 1: Open the browser and search for job opportunities at wipro.
- Step 2: You will get the official career portal of wipro at the results.
- Step 3:Choose and open the official portal.
- Step 4: At the web page there will be an option for job search.
- Step 5: Fill the skill, post or the keyword related to the post you want to apply for.
- Step 6: set the location for your job.
- Step 7: Most appropriate results according to your post and location will be shown in results.
- Step 8: You can choose the best option according to your preferences by tapping on the apply now tab or either save the job option for later.
- Step 9: Follow the application process:
- Apply online application form
- Application will be evaluated
- Documentation process will be done by the the recruiters
- If the previous two processes get successfully completed then you will get your offer letter.
- The last and the best step, Joining. After receiving your offer letter you can join the company on the given joining date.
Employee Count
There is a large no. of people who work for Wipro specially in India. Wipro is one of the most common choices for the freshers who want to join the IT sector. Their community is getting bigger everyday. In 2024 they currently have 2,34,054 employees who work for different departments. Here is some data which shows the emergence of their employees in the last few years.
- March 2020 – 1,82,886
- March 2021 – 2,01,665
- March 2022 – 2,36,204
- March 2023 – 2,48,813
- March 2024 – 2,34,054
Wipro Equity, Income and Assets for Financial Year 2023-2024
To get exact data of Wipro’s assets and income for this financial year you can explore this section. It gives you exact figures from the official sources about total revenue, net income, total assets and total equity for this year.
Total Revenue | Rs 89,760 crore |
Total Equity | Rs 75,122 crore |
Total Assets | Rs 115,245 crore |
Net Income | Rs 11,112 crore |
Criticism
Despite the great success, Wipro faced criticism for its shortcomings which has to be corrected for better goodwill and growth:
Slow Growth
As compared to its rivals in the Indian IT sector, Wipro has shown less growth. Company is way ahead of many tech experts and marked its place but when it is compared to the best IT sectors which actually emerged later like Infosys and TCS. We see that the growth rates are actually questionable.
High Attrition
In this highly competitive industry Wipro is also the one who faces the problems of employee retention. This high attrition rate brings dissatisfaction to employees because of slow growth rates, less salary and long working hours.
Conclusion
Wipro has encountered a great journey from a small oil manufacturing company to the tech giants and global representors of the IT sector. It has remarked on an exceptional journey with its hard work, dedication towards innovation and motivation to be the best one.
Although it faced some problems and challenges, they are always trying to evolve from them. They not only emerged as a tech company but also expanded the services and subsidiaries for a greater purpose.
FAQs,
Ans: Its shares are listed in major Indian and foreign stock exchanges like Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India and New York Stock Exchange (NYSE), American Depository Receipts (ADR) in foreign.
Ans: You can apply for their jobs through their online portal. Application forms are available and application processes are explaine at their website. Wipro also offers college placements, so if your college includes Wipro in their list you can also join it directly through the placement cell.
Ans: The main Subsidiaries of Wipro includes appirio, Wipro Infrastructure Engineering, Designit, Wipro consumer care and lighting and the list goes on.
Ans: Yes, Wipro is a Global company, it provides services into more than 60 countries. And is list by foreign stock exchanges which makes it a global representative of Indian tech services.
Ans: The shareholding of the company is divided into different industries but most of the part is owned by promoters i.e. the family of the founders ( premji family). So most of the ownership belongs to the premji family. Currently the chief chairman of the company is Rishad Premji.
Disclaimer
All the information and data shared about the company has been shared for only informational purposes. It may not have completed accuracy. We suggest you go through the official data from the official website and other authentic sources.
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