Wipro Limited (NYSE: WIT)
Information Technology Services · Bengaluru, India · Founded 1945
- Market capitalization: $30.0 billion
- Annual revenue: $11.0 billion
- Net income: $1.5 billion
- Employees: 240,000
- Sector: Technology
- Headquarters: Bengaluru, India
- Founded: 1945
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Wipro is one of India's top IT services companies, providing consulting, technology, and outsourcing to global clients. They've been the perennial underperformer among the Indian IT majors, struggling with growth and leadership turnover. The company also has a smaller consumer care business selling soaps and lighting.
IT services contracts billed on time-and-materials or fixed-price basis, similar to peers. Wipro has been trying to move up the value chain into consulting and digital services, acquiring Capco (financial services consulting) in 2021 for $1.45 billion.
Founded in 1945 by M.H. Premji as Western India Palm Refined Oils (hence "Wipro"), the company pivoted to IT under his son Azim Premji in the 1980s. Azim Premji donated over $21 billion to education through his foundation, making him one of the most generous philanthropists in history. Thierry Delaporte became CEO in 2020 to drive a turnaround.
| Market Capitalization | $30.0B |
| Annual Revenue | $11.0B |
| Net Income | $1.5B |
| Profit Margin | 14% |
| Revenue per Employee | $45833K |
| Stock Exchange | NYSE |
| Ticker Symbol | WIT |
Financial data is approximate and based on most recent annual filings.
Azim Premji's $21 billion in donations make him the most generous Indian philanthropist ever. Wipro started as a cooking oil company — the pivot to IT services is one of the most dramatic corporate transformations in business history.
Wipro has the talent and scale but has consistently underdelivered versus TCS and Infosys. The turnaround story needs more proof points.
What is Wipro Limited's revenue?
Wipro Limited generates approximately $11.0 billion in annual revenue.
How many employees does Wipro Limited have?
Wipro Limited employs approximately 240,000 people worldwide.
What is Wipro Limited's market cap?
Wipro Limited (WIT) has a market capitalization of approximately $30.0 billion on the NYSE.
When was Wipro Limited founded?
Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.
Who is the CEO of Wipro Limited?
Srini Pallia is the current CEO of Wipro Limited.
What is Wipro Limited's website?
Wipro Limited's official website is wipro.com.
| CEO | Srini Pallia |
| Sector | Technology |
| Industry | Information Technology Services |
| Founded | 1945 |
| HQ | Bengaluru |
| Country | India |
| Website | wipro.com |
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