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BW Businessworld

Building Bold Tomorrow

Wipro’s standing as a global IT company has only grown thanks by virtue a trusted leadership and a vibrant work culture

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Rank 11 - Wipro

Thierry Delaporte, CEO

Sector: IT/ITES

Overall Avg. Score: 2.90

Revenue: Rs 64,326 crore

Wipro, India’s third-largest IT firm and one of the leading software exporters, continues to dominate the space. In April 2021, it fully integrated seven of its previously acquired companies. It now has almost united all these companies under one Wipro brand. This move allows it to go to market as 'One Wipro'. 

By scoring higher on the parameters of ‘financial returns’, ‘trustworthy leadership’, and ‘work culture’, Wipro is ranked 11th in this year’s BW Businessworld Most Respected Companies list. It did slip three spots from the last MRC list for 2019. 

From Soaps To Computers 

Wipro began business as a vegetable oil manufacturer in 1945 at Amalner, a small town in Western India and thereafter forayed into soaps and other consumer care products before entering the Indian IT industry in the 1980s, manufacturing and selling mini computers. In the 1990s, it leveraged its hardware R&D design and software development expertise and began offering software services to global clients. It is a leading global information technology, consulting and business process services company. 

Today, Wipro continues to harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help its clients adapt to the digital world and make them successful. It has over 170,000 dedicated employees serving clients across six continents.

In 2013, it demerged the non-IT diversified businesses. With a track record of around 30 years in IT services, Wipro, today, is focused entirely on the global information technology business.

Landmark Fiscal

The financial year that ended March 31, 2021 capped a landmark 12 months for Wipro, a period of total transformation. The company announced a new strategy, completed the biggest organisational restructuring in its history, delivered strong performances for consecutive quarters, and sealed its largest-ever acquisition, all in the middle of a global pandemic. "We finished FY21 with healthy revenue growth, prestigious deal wins, strong margins and robust cash flows," said Thierry Delaporte, the new CEO who took charge in July 2020.

For the year ending 31 March 2021, the IT services revenues for Wipro stood at USD 8.1 billion, a decline of 1.4 per cent YoY in reported currency. The company's net income at Rs 107.9 billion grew 11 per cent YoY aided by improved operating margins.


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wipro Magazine 4 June 2022