Wipro Tech (NYSE: WIT) is an information technology service company established in India in 1980. It is the global IT services arm of Wipro Limited (in operation since 1945, incorporated 1946). It is headquartered in Bangalore and is the third largest IT services company in India[citation needed]. It has more than 70,000 employees as of Septemb
er 2007, including its business process outsourcing (BPO) arm which it acquired in 2002.[1]
Wipro Technologies has over 300 customers across USA, Europe and Japan including 50 of the Fortune 500 companies. Some of its customers are Boeing, BP, Cisco, Ericsson, IBM, Microsoft, Prudential, Seagate, Sony, Windriver and Toshiba.[citation needed] It is listed on the New York Stock Exchange and is part of its TMT (technology media telecom) index.
With revenue in the excess of US $3 billion, Wipro is one of India's major IT companies. It has dedicated development centers and offices across India, Europe, North America, Latin America and Asia Pacific. The current Chairman, Managing Director and majority stake owner is Azim Premji, who has headed the software and hardware divisions since Wipro's inception.
Wipro's Tagline is "Applying Thought", the ability to infuse newer ideas and newer ways of doing things.
Examples of Wipro's product design work include developing an Internet-browsing phone for a Japanese telecom company in 1998, helping chipmaker Texas Instruments produce digital signal processing software, and creating an automotive display unit for Italian manufacturer Magneti Marelli that combined functions including cell phone capability, global position system technology, a navigation system and a CD player.[citation needed]
er 2007, including its business process outsourcing (BPO) arm which it acquired in 2002.[1]Wipro Technologies has over 300 customers across USA, Europe and Japan including 50 of the Fortune 500 companies. Some of its customers are Boeing, BP, Cisco, Ericsson, IBM, Microsoft, Prudential, Seagate, Sony, Windriver and Toshiba.[citation needed] It is listed on the New York Stock Exchange and is part of its TMT (technology media telecom) index.
With revenue in the excess of US $3 billion, Wipro is one of India's major IT companies. It has dedicated development centers and offices across India, Europe, North America, Latin America and Asia Pacific. The current Chairman, Managing Director and majority stake owner is Azim Premji, who has headed the software and hardware divisions since Wipro's inception.
Wipro's Tagline is "Applying Thought", the ability to infuse newer ideas and newer ways of doing things.
Examples of Wipro's product design work include developing an Internet-browsing phone for a Japanese telecom company in 1998, helping chipmaker Texas Instruments produce digital signal processing software, and creating an automotive display unit for Italian manufacturer Magneti Marelli that combined functions including cell phone capability, global position system technology, a navigation system and a CD player.[citation needed]
Wipro was set up in Amalner, Maharashtra in 1945. Primarily an edible oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap (a by-product of the Vanaspati operations). The company was called Western India Vegetable Products Limited; it h
ad a minor presence in Maharashtra and Madhya Pradesh.[2][3] In the 1970s and 1980s, it began to expand and made forays into computing. In 1975, Wipro marketed India's first homegrown PC.
Wipro was the sole representative for Sun Microsystems in India, before the Sun liaison office was set up in India, in the early 1990s.
In 1995, it received ISO 9001 quality certification. In 1997, it received CMM level 3 certification from the Software Engineering Institute of India. In 1998, it was certified at CMMi level 5. In 2001, it was awarded the PCMM level 5 certification. In the same year, Business Today rated it as India's most valuable company. In June 2001, BusinessWeek ranked it among the top 100 best performing technology companies globally, and in
November 2002, among the top 10 software services companies. As of 2004, it was the 4th largest company in the world in terms of market capitalization in IT services. Wipro is the highest-ranked Indian IT provider by International Association of Outsourcing Professionals.[citation needed]
Wipro and its success in handling outsourced information technology from US businesses is detailed in Thomas L. Friedman's best-selling book The World Is Flat and Steve Hamm's Bangalore Tiger.
Financials
ad a minor presence in Maharashtra and Madhya Pradesh.[2][3] In the 1970s and 1980s, it began to expand and made forays into computing. In 1975, Wipro marketed India's first homegrown PC.Wipro was the sole representative for Sun Microsystems in India, before the Sun liaison office was set up in India, in the early 1990s.
In 1995, it received ISO 9001 quality certification. In 1997, it received CMM level 3 certification from the Software Engineering Institute of India. In 1998, it was certified at CMMi level 5. In 2001, it was awarded the PCMM level 5 certification. In the same year, Business Today rated it as India's most valuable company. In June 2001, BusinessWeek ranked it among the top 100 best performing technology companies globally, and in
November 2002, among the top 10 software services companies. As of 2004, it was the 4th largest company in the world in terms of market capitalization in IT services. Wipro is the highest-ranked Indian IT provider by International Association of Outsourcing Professionals.[citation needed]Wipro and its success in handling outsourced information technology from US businesses is detailed in Thomas L. Friedman's best-selling book The World Is Flat and Steve Hamm's Bangalore Tiger.
Financials
Wipro posted a net profit of Rs. 7.3 billion and growth of 17% in the Q1 2007-08.[4]
