About Wipro
Wipro is a company based in Bengaluru (India) founded in 1945 by Azim Hashim Premji. It operates as a AI-as-a-Service, and Professional Services. The company has 230,000 employees as of March 31, 2024. Wipro has completed 29 acquisitions, including ATCOItek, Aggne and Appirio. Wipro offers products and services including AI-Powered Technology Services, Consulting Services, and Cybersecurity Solutions. Wipro operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Bengaluru, India
- Employees 230000 as on 31 Mar, 2024
- Founders Azim Hashim Premji
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wipro Limited
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Annual Revenue
$10.41 B (USD)-0.75as on Mar 31, 2024
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Net Profit
$1.53 B (USD)18.92as on Mar 31, 2024
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EBITDA
$2.11 B (USD)7.42as on Mar 31, 2024
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Latest Funding Round
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Investors
Elliott Management
& 1 more
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Employee Count
230000
as on Mar 31, 2024
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Investments & Acquisitions
ATCOItek
& 28 more
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IPO & Listings of Wipro
Wipro is a publicly listed company on the NSE with ticker symbol WIPRO in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wipro
Wipro offers a comprehensive portfolio of products and services, including AI-Powered Technology Services, Consulting Services, and Cybersecurity Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven solutions are provided for business transformation needs.
Strategic consulting is offered for business process optimization.
Cybersecurity services are delivered to protect digital assets.
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Software Development Team
301 people
Leadership Team
108 people
Senior Team
65 people
Human Resources and Administration
46 people
Sales and Marketing
32 people
Principal Team
27 people
Finance and Accounting
25 people
Project Team
23 people
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Funding Insights of Wipro
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Aug 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Post-IPO - Wipro | Valuation |
investors |
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| Aug, 2016 | Amount | Grant - Wipro | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wipro
Wipro has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Elliott Management and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by the hedge fund.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wipro
Wipro has strategically engaged in corporate development activities, having acquired 29 companies. Notable acquisitions include ATCOItek, Aggne and Appirio. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wipro is recognized as a global IT services provider focused on digital transformation.
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2021 | ||||
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Enterprise and managed testing services are provided to clients.
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2020 | ||||
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Consulting and managed services are provided for insurance technology innovation.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wipro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wipro Comparisons
Competitors of Wipro
Wipro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wipro
Frequently Asked Questions about Wipro
When was Wipro founded?
Wipro was founded in 1945 and raised its 1st funding round 71 years after it was founded.
Where is Wipro located?
Wipro is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Wipro?
Srinivas Pallia is the current CEO of Wipro.
How many employees does Wipro have?
As of Mar 31, 2024, the latest employee count at Wipro is 230,000.
What is the annual revenue of Wipro?
Annual revenue of Wipro is $10.41B as on Mar 31, 2024.
What does Wipro do?
Wipro is established as a global leader in technology services and consulting, with a focus on AI-powered solutions. Services are provided across various industries including banking, healthcare, manufacturing, and retail. Expertise is offered in cloud computing, cybersecurity, data analytics, and digital transformation. Operations are conducted worldwide, supporting clients in achieving sustainable and resilient business models. Emphasis is placed on innovation through the Wipro Innovation Network and strategic partnerships.
Who are the top competitors of Wipro?
Wipro's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Wipro offer?
Wipro offers AI-Powered Technology Services, Consulting Services, and Cybersecurity Solutions.
Is Wipro publicly traded?
Yes, Wipro is publicly traded on NSE under the ticker symbol WIPRO.
How many acquisitions has Wipro made?
Who are Wipro's investors?
Wipro has 2 investors. Key investors include Elliott Management, and European Union.
What is Wipro's ticker symbol?
The ticker symbol of Wipro is WIPRO on NSE.
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