Key Stats
Founded: December 29, 1945 in Amalner, Maharashtra, India
Headquarters: Bengaluru, Karnataka, India
Employees: 234,054 (March 2024)
FY 2025 Revenue: $10.43 billion
Market Cap: $27 billion (January 2026)
Wipro Ltd. is an Indian multinational technology company that provides information technology, consulting, and business process services. The company ranks as the fourth-largest IT services provider in India, following TCS, Infosys, and HCL Technologies.
The company delivers services in cloud computing, cybersecurity, digital transformation, artificial intelligence, robotics, and data analytics. Wipro serves clients across financial services, healthcare, manufacturing, retail, and telecommunications sectors.
Wipro operates through two segments: IT Services and IT Products. The IT Services segment generates the majority of revenue through consulting, application development, systems integration, and infrastructure management. The company employs workers from 146 nationalities across 84 global offices.
Wipro History
The Wipro history spans nearly 80 years of transformation from a vegetable oil manufacturer to a global IT services company. Here is a timeline of major events that shaped the company.
1945 – M.H. Hasham Premji founded Western India Vegetable Products Limited in Amalner, Maharashtra. The company manufactured hydrogenated cooking oil under the Sunflower Vanaspati brand.
1946 – The company held its IPO and listed on the Bombay Stock Exchange to raise capital for expansion.
1966 – Azim Premji took over the company at age 21 after his father’s death. He began diversifying into bakery fats, toiletries, and hydraulic cylinders.
1977 – The company changed its name to Wipro Products Limited to reflect its diversified product portfolio.
1981 – Wipro entered the IT industry and developed the first Indian minicomputer based on the Intel 8086 chip at IISc Bangalore.
1983 – Wipro Systems Ltd. was established as a software products and exports subsidiary.
1989 – Wipro established a joint venture with General Electric to manufacture diagnostic equipment.
1998 – The software business received SEI-CMM Level 5 certification. Wipro became the second-largest software exporter from India.
2000 – Wipro listed on the New York Stock Exchange. During the dot-com boom, the company became the largest Indian company by market capitalization.
2001 – Wipro achieved PCMM Level 5 certification, becoming the first company in the world to receive this assessment.
2012 – Wipro demerged its non-IT businesses into a separate private company called Wipro Enterprises.
2021 – Wipro acquired Capco for $1.45 billion, its largest acquisition. The company announced a $1 billion investment in FullStride Cloud Services.
Wipro Co-founder
M.H. Hasham Premji
Founded Western India Vegetable Products Limited on December 29, 1945. He established the cooking oil and soap manufacturing business in Amalner, Maharashtra, before his death in 1966.
Wipro Competitors
Wipro competes with major IT services providers globally. The company faces competition from Indian IT giants like TCS and Infosys, as well as international firms including Accenture and IBM. These companies compete for clients in digital transformation, cloud services, and consulting.
| Company | Headquarters | Industry Focus |
|---|---|---|
| TCS | Mumbai, India | IT Services, Consulting |
| Infosys | Bengaluru, India | IT Services, Consulting |
| HCL Technologies | Noida, India | IT Services, Engineering |
| Accenture | Dublin, Ireland | Consulting, Technology Services |
| Cognizant | Teaneck, USA | IT Services, Consulting |
| IBM | Armonk, USA | Technology, Consulting |
| Tech Mahindra | Pune, India | IT Services, Telecom |
| Capgemini | Paris, France | Consulting, Technology Services |
| Mphasis | Bengaluru, India | IT Services, Cloud |
| Genpact | New York, USA | BPO, Digital Services |
Wipro revenue for fiscal year 2025 reached approximately $10.43 billion. The company generates most of its revenue from IT services, with the Americas region contributing the largest share. IT services revenue crossed the $10 billion mark in fiscal year 2022.
Wipro Annual Revenue (USD Billions)
FY16
$7.0B
FY17
$7.5B
FY18
$7.9B
FY19
$8.3B
FY20
$8.1B
FY21
$8.8B
FY22
$10.2B
FY23
$11.0B
FY24
$10.8B
FY25
$10.4B
Wipro Acquisitions
Wipro acquisitions have played a major role in expanding its service capabilities and global reach. The company has acquired numerous firms across cloud services, consulting, design, and cybersecurity domains over the past decade.
The largest Wipro acquisition was Capco in March 2021. Wipro paid $1.45 billion for the London-based management and technology consultancy that specializes in financial services. Capco added over 5,000 consultants across more than 30 global locations and strengthened Wipro’s position in banking and financial services consulting. Capco now operates as a wholly owned subsidiary under Wipro Consulting.
In 2016, Wipro acquired Appirio for $500 million. The Indianapolis-based cloud services company brought expertise in Salesforce and Workday implementations. Appirio also owned Topcoder, a crowdsourcing platform connecting over one million developers. This acquisition strengthened Wipro’s cloud consulting capabilities.
Wipro purchased Designit in 2015 for €85 million. The Denmark-based strategic design firm added 700 employees across 17 offices worldwide. Designit now operates under Wipro Consulting alongside Capco. The company also acquired Rational Interaction in 2020, a Seattle-based digital customer experience consultancy.
Other notable acquisitions include Ampion in 2021, an Australian cybersecurity and devops firm acquired for $117 million. Wipro also purchased LeanSwift in December 2021 to expand its Infor implementation services. The company signed an agreement to acquire SAP consulting company Rizing in 2022. These acquisitions reflect Wipro’s strategy to build end-to-end transformation capabilities for enterprise clients across industries.
Wipro Market Cap
Wipro market cap stands at approximately $27 billion as of January 2026. The company trades on the BSE, NSE, and NYSE under ticker symbols WIPRO and WIT. The Premji family holds approximately 72.67% stake in the company through various entities.
Wipro Market Capitalization (USD Billions)
2016
$20B
2017
$21B
2018
$19B
2019
$22B
2020
$21B
2021
$38B
2022
$32B
2023
$29B
2024
$31B
2025
$27B
FAQs
Who founded Wipro?
M.H. Hasham Premji founded Wipro on December 29, 1945, as Western India Vegetable Products Limited in Amalner, Maharashtra, India.
What does Wipro stand for?
Wipro is a syllabic abbreviation of Western India Palm Refined Oils, the company’s original name when it manufactured vegetable oils and cooking products.
When did Wipro enter the IT industry?
Wipro entered the IT industry in 1981 after IBM exited India. The company developed its first minicomputer based on the Intel 8086 chip that year.
Who is the current CEO of Wipro?
Srini Pallia became CEO and Managing Director of Wipro in April 2024, succeeding Thierry Delaporte who served from 2020 to 2024.
How many employees does Wipro have?
Wipro employed 234,054 people as of March 2024. The workforce includes employees from 146 nationalities, with 36.6% being women.
