Wipro company

Wipro

Wipro Limited is India's third largest IT company, headquartered in Bangalore. It was founded in 1966 by Azim Premji, the son of a businessman. Today its income is some 600 billion rupees per annum and profit some 70 billion rupees. It is an assistance corporation in the field of information technology.

In 1977, during the Janata government, after the order of foreign companies (such as IBM) to leave India, there was an impressive growth in its business. Today it has appeared as a multi-business and multi-location corporation. Its business spans from consumer products, and infrastructure engineering to specialized information technology products and services. The interior working of the corporation is more strict than other software corporations.

Root of Wipro

In fact, its roots began to spread in 1947 as a small vegetable oil company founded by Azim Premji's father in a plane mil. After his sudden death in 1966, Azim took up leadership at the age of 21, receiving an electrical engineering degree from Stanford University, USA. He restructured it and in 1966 (Western India Vegetable Products Ltd.) established Wipro Ltd. as a fast-moving consumer goods (FMCG) company which was then a $20 million worth of Hydrogenated cooking oils/fats, laundry soaps, and waxes. and Teen Container Company and later in 1975 established Wipro Fluid Power for manufacturing hydraulic and pneumatic cylinders. Even when Wipro was making decent money, Premji was constantly on the lookout for new opportunities.

In 1977, the socialist government of India asked IBM to leave the country. Premji decided to take the path of computer hardware. In 1979, they began the development of their own computers and, in 1981, sales of the finished machine -- the first product in the range of products, made Wipro India's largest computer manufacturer for two decades. The company obtained a technology license from Sentinel Computer in the United States of America and started production of India's first mini computer. Premji employed managers who were computer literate and had professional experience. He learned the technology quickly and made hardware a highly profitable venture. Within no time Wipro engineers started developing software packages that were not readily available to hardware customers at that time. In 1980 it diversified the IT business and subsequently invented India's first 8086 chip. A lighting business was established in 1992 and by 2000 Wipro Limited ADR was listed on the New York Stock Exchange.

Recently, Wipro has focused on setting up its enterprise applications business. Wipro acknowledged that global giants worldwide, who had installed expensive packages such as Oracle and SAP, wanted to get more out of their investments. Usually, American consulting firms used to charge $ 125 - 130 per hour for this while Indian companies did it for $ 75 - 100 per hour. It is the global IT services arm of Wipro Limited (in operation since 1945, established in 1946) headquartered in Bangalore and is the third largest IT services company in India. It had over 95,675 employees as of June 30, 2008, including the BPO arm it acquired in 2002.

IT Services Clients

Wipro has over 300 customers in the US, Europe, and Japan, including 50 Fortune 500 companies. Some of its customers are Nortel, Boeing, BP, Cisco, Ericsson, IBM, Microsoft, Prudential, Seagate, Sony, HP, Winddriver, Airbus, Toshiba, Windstream Communication, and Wal-Mart. Some of its clients in the Middle East include State Company Sharjah Electricity and Water Authority, Metal, Dubai e-Government, Qatar Petroleum, Bahraini Saudi Bank, Future Communication Company, Kuwait, Doha Bank, Petro Rabiha, SASREF, and Saudi Polyolefins Company. It is listed on the New York Stock Exchange and is a part of TMT (Technology Media Telecom).

Wipro Limited (Western India Palm Refined Oil Limited or more recently, Western India Products Limited ) is an Indian information technology services corporation headquartered in Bengaluru, India. 

In 2013, Wipro divested its non-IT businesses into separate companies to focus more on independent businesses. 

Early years of Wipro

The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohammad Premji as 'Western India Vegetable Products Limited', later abbreviated as 'Wipro'. It was initially established as a manufacturer of vegetable and refined oils in Amalner, India under the trade names Farmer, Sunflower, and Camel. 

In 1966, after the death of Mohammad Premji, his son Azim Premji returned home from Stanford University at the age of 21 and appointed Wipro as its chairman. 

During the 1970s and 1980s, the company shifted its focus to new business opportunities in the IT and computing industry, which was at a new level in India at the time. On 7 June 1977, the company's name was changed from Western India Vegetable Products Limited to Wipro Products Limited. 

The year 1980 marked the advent of Wipro in the IT domain. In 1982, the name was changed from Wipro Products Limited to Wipro Limited.  Meanwhile, Wipro continues to expand into consumer products with the launch of "Tushu", a family of soaps, and "Wipro Jasmine", a toilet soap called "Rabac". In 1988, Premji took a $10 million loan from Sonakar and Sons to set up the project. Later the entire loan amount was waived off.

1966-1992

In 1988, Wipro changed its product line to heavy-duty industrial cylinders and mobile hydraulic cylinders. A joint venture company with General Electric of the United States under the name Wipro GE Medical Systems Pvt Ltd was established in 1989 to manufacture, sell and service diagnostic and imaging products. Later, in 1991, the Fitting System and Eaton hydraulics products were launched. Wipro Flood Power Division, in 1992, developed expertise in offering Standard Hydraulic Cylinders for Construction Equipment and Truck Tipping Systems. The market launched "Santoor" Taluk Powder and "Wipro Baby Soft" range of baby toiletries in 1990.

1994-2000

In 1995, Wipro established an overseas design center, Odyssey 21, for projects and product development in advanced technologies for overseas customers. Wipro Infotech and Wipro Systems merged with Wipro in April of that year.  During 1994–95, five of Wipro's manufacturing and development facilities achieved ISO 9001 certification. In 1999, Wipro acquired Wipro Acer.  Wipro became a more profitable, diversified corporation, such as the Wipro SuperGenius Personal Computer (PC). In 1999, the product was an Indian PC range, receiving US-based National Software Testing Laboratory (NSTL) certification for the year 2000 (Y2K) compliance in hardware for all models. 

Wipro Limited joined hands with a global telecom major KPN (Royal Dutch Telecom) to form a joint venture company "Wipro Net Limited" to provide Internet services in India. The year 2000 was introduced annually by Wipro for infected networks targeted at Internet and telecommunications solution providers under the names Wipro OSS Smart and Wipro WAP Smart.  In the same year, Wipro was listed on the New York Stock Exchange.  In the early 2000s, Wipro Vice Chairman Vivek Paul and Azim Premji approached KPMG Consulting Vice Chairman Care Patel and CEO Rand Blaser to form a mega outsourcing joint venture between the two organizations.

Wipro Infrastructure Engineering

Wipro Infrastructure Engineering is the Hydraulics Business Division of Wipro Limited and has been in the manufacturing of Hydraulic Cylinders, Truck Cylinders, and their components and solutions since 1976. The division delivers hydraulic cylinders to international OMIs and represents Kawasaki, Sun Hydraulics, and Tejin's range of hydraulic products in India. It has entered into a Kawasaki partnership with aerospace giant EADS. Already happened. In 2010 Wipro Infrastructure Engineering was the second largest independent manufacturer of hydraulic cylinders in the world.

Wipro GE Medical Systems

Wipro GE Medical Systems Limited is a joint venture of Wipro with GE Healthcare South Asia. It is engaged in the research and development of advanced solutions to meet the needs of patients and clients in health care. This partnership, which began in 1990, today includes gadgets and equipment for diagnostics, healthcare IT solutions, and services for cancer, heart disease, and other diseases healthcare professionals. All products meet Six Sigma quality standards.