Wipro Limited, founded in 1945 by M.H. Hasham Premji, is a leading global IT services and consulting company. It offers services in software development, cloud computing, AI and cybersecurity. Known for its innovation and sustainability, Wipro has a strong global presence and diverse client base.
Content:
- Overview of Wipro Limited
- Who is Azim Premji?
- Azim Premji’s Family and Personal Life
- Who Are The Children of Azim Premji?
- How Wipro Limited Started and Evolved?
- Key Milestones in Wipro Limited’s History
- Wipro Limited’s Business Segments
- How Did Azim Premji Help Society?
- What is the Future of Wipro Limited?
- Wipro Limited Stock Performance
- How Can I Invest in Wipro Limited?
- Controversies Faced by Wipro Limited
- Wipro Limited – History, Growth and Overview – FAQ
Overview of Wipro Limited
Wipro Limited, founded in 1945 by M.H. Hasham Premji, is a leading global IT services and consulting company. Specializing in software development, cloud computing, AI and cybersecurity, Wipro is known for its commitment to innovation, sustainability and a strong global presence in the tech industry.
Wipro has become a prominent player in the global IT sector, providing services to a diverse range of industries, including healthcare, banking and telecommunications. The company has evolved from a vegetable oil manufacturer to a technology-driven global enterprise, positioning itself as a leader in IT services and consulting.
Who is Azim Premji?
Azim Premji is the former Chairman and Managing Director of Wipro Limited. Widely regarded as one of India’s most influential business leaders, he transformed Wipro from a small oil company into a global IT services giant. Premji is known for his business acumen and philanthropic work.
Azim Premji’s leadership and vision helped Wipro transition into the IT services sector, becoming one of the largest IT firms globally. His strategic decisions in acquiring technology companies and expanding Wipro’s footprint internationally have shaped the company’s growth trajectory. He is also known for his significant philanthropic contributions.
Azim Premji’s Family and Personal Life
Azim Premji hails from a prominent business family. He inherited the family business in 1966 and later turned Wipro into a global tech giant. A private individual, Premji is known for his modest lifestyle and commitment to education and social causes. He is a highly respected figure in India.
Premji’s personal life has been focused on maintaining a low-key lifestyle despite his immense wealth. He has played a pivotal role in shaping Wipro’s corporate culture and ethos, with a focus on ethics, values and social responsibility. He continues to guide the company’s vision even after stepping down as chairman.
Who Are The Children of Azim Premji?
Azim Premji has two children, Rishad and Tariq Premji. Rishad Premji is currently the Executive Chairman of Wipro Limited. Tariq Premji is involved in the family’s philanthropic ventures. The Premji family continues to play a central role in Wipro’s operations and its philanthropic initiatives.
Rishad Premji, who joined Wipro in 2007, was appointed as Executive Chairman in 2020 after Azim Premji’s retirement. Tariq Premji focuses on charitable activities, working with organizations such as the Azim Premji Foundation. The children have followed their father’s commitment to business excellence and social causes.
How Wipro Limited Started and Evolved?
Wipro Limited was founded in 1945 as Western India Vegetable Products Ltd., producing vegetable oils. In 1977, under Azim Premji’s leadership, the company transitioned to IT services. Wipro expanded globally, offering software, consulting and technology solutions. The company’s evolution was marked by strategic acquisitions and innovation.
Wipro’s transformation into an IT giant began with its focus on software services in the 1980s. The company expanded rapidly by acquiring IT and technology firms, allowing it to offer a wide range of services globally. Today, Wipro is a leading player in the IT industry, with a diverse client base.
Key Milestones in Wipro Limited’s History
Wipro Limited, established in 1945 as Western India Vegetable Products, transformed from a vegetable oil manufacturer to a global IT powerhouse under Azim Premji’s leadership. The company’s journey includes pioneering moves in technology, strategic acquisitions, and establishing itself as one of India’s leading IT service providers.
The company achieved numerous milestones, including NYSE listing in 2000, SEI CMM Level 5 certification, and major acquisitions like Capco ($1.45 billion) and Rising ($540 million). Under current Chairman Rishad Premji and CEO Thierry Delaporte, Wipro continues its global expansion with 250,000+ employees across 66 countries.
Wipro Limited’s Business Segments
Wipro operates in multiple business segments, including IT services, consulting, cloud computing, artificial intelligence and cybersecurity. It provides end-to-end solutions for industries like healthcare, banking and retail. The company also has a significant presence in manufacturing and consumer services through its various subsidiaries.
The company’s IT services division is its largest, offering consulting and technology services to global clients. Wipro also focuses on digital transformation, cloud services and data analytics. It has a robust presence in emerging markets and continues to expand its offerings in AI, automation and cybersecurity.
How Did Azim Premji Help Society?
Azim Premji has been a significant philanthropist, contributing a large portion of his wealth to charitable causes. Through the Azim Premji Foundation, he has supported education and social causes, particularly in rural India. His philanthropic work continues to improve the quality of life for underserved communities.
Premji’s commitment to social change is reflected in his donation of over half of his fortune to charity. The Azim Premji Foundation focuses on education, skill development and rural healthcare. His philanthropic approach has impacted millions, improving educational access and empowering local communities to create sustainable development.
What is the Future of Wipro Limited?
The future of Wipro Limited appears promising, with the company focusing on expanding its digital services, cloud offerings and artificial intelligence solutions. Wipro continues to innovate and integrate new technologies to meet the evolving demands of clients, positioning itself as a leader in the global IT sector.
Wipro’s future growth strategy centres around digital transformation, with a strong emphasis on AI, automation and cloud computing. The company is investing in talent development and sustainability initiatives to maintain its competitive edge. Wipro’s robust portfolio and focus on innovation ensure its leadership in the IT space for years to come.
Wipro Limited Stock Performance
Wipro’s stock performance has been steady, reflecting its strong market position and consistent growth in the IT sector. The company’s focus on digital transformation and global expansion has contributed to its steady revenue stream. Wipro’s stock remains attractive to long-term investors looking for stability.
Despite fluctuations in the broader market, Wipro’s stock performance remains strong, supported by its strategic acquisitions and focus on high-growth technology areas. The company’s stock has shown resilience, particularly in cloud computing and AI services. Wipro’s financial health and continued innovation make it a reliable investment option.
How Can I Invest in Wipro Limited?
To invest in Wipro Limited, you need to open a demat and trading account with a registered stockbroker like Alice Blue. Once your account is active, you can buy Wipro shares on the stock exchange through your trading platform. Conduct proper research before investing.
Investing in Wipro shares requires basic knowledge of the stock market. Once your trading account is set up, you can buy shares through an online platform or consult your broker for expert advice. Ensure that you assess Wipro’s financials and market outlook before making any investment decisions.
Controversies Faced by Wipro Limited
Wipro has faced some controversies over the years, including challenges related to corporate governance and regulatory issues. However, the company has worked to maintain its reputation by addressing these concerns through transparency, improved management practices and strong compliance measures.
While Wipro has maintained a strong corporate image, it has occasionally faced scrutiny over employee practices and data security breaches. The company has responded by enhancing its governance structure and strengthening its internal controls. Despite challenges, Wipro continues to be one of India’s most respected IT companies.
Wipro Limited – History, Growth and Overview – FAQ
The CEO of Wipro Limited is Thierry Delaporte, who joined the company in 2020. Under his leadership, Wipro has focused on digital transformation, innovation and expanding its global footprint. Delaporte’s leadership style emphasizes growth, client satisfaction and strategic acquisitions.
Wipro Limited is a leading global IT services and consulting company, offering services in software development, cloud computing, AI and cybersecurity. The company serves various industries, including healthcare, banking and manufacturing. Wipro provides end-to-end solutions that help businesses with their digital transformation journeys.
As of 2024, Wipro announced a dividend of ₹1.50 per share, providing a steady income stream to investors. The company has a consistent history of paying dividends, reflecting its strong cash flows and financial health, making it a reliable investment option for income-focused investors.
As of 2024, Wipro has not declared any bonus shares. However, the company has a history of stock splits and dividend payouts. Investors should monitor official announcements to stay updated on any future bonus share declarations or stock-related benefits from Wipro.
Wipro’s all-time high was ₹1,115 per share, reached in 2000 during the dot-com boom. Since then, the stock has experienced fluctuations but has continued to grow due to its expanding global presence, steady revenue growth and leadership in the IT sector.
Wipro’s share price is often considered fair to undervalued by analysts, based on its strong financial fundamentals, growth prospects and leadership in digital services. However, its valuation can vary based on market conditions, investor sentiment and performance in key growth areas like cloud computing and AI.
Wipro stocks are generally considered safe for long-term investment due to the company’s strong market position, consistent revenue growth and diversified services. However, as with any investment, it’s essential to conduct thorough research and consider potential risks, including market volatility and sector-specific challenges.
To invest in Wipro Limited, open a demat and trading account with a registered stockbroker like Alice Blue. Once your account is active, you can buy Wipro shares through the broker’s platform, either as a lump sum or through systematic investment plans (SIPs)
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
