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From its humble beginnings as a vegetable oil distributor and later PC maker, to the current day high-profile IT services contender, Wipro has come a long way.
Today, the IT services company has presence in 35 countries and established 10 nearshore development centers. Wipro employs 10,000 staff, of which 2,000 have specific domain expertise and more than 500 are technology consultants specializing in e-business and package applications.
At the helm of the company for the last 37 years is Azim Premji, Wipro's chairman and managing director. Premji, one of India's richest businessmen, maintains vigilant of the developments in the IT services industry. One of his biggest concerns is the rise of China as a formidable player in the IT services space.
Outside of Asia, Wipro has been making headway in Europe, where its operations have seen more than 50 percent year-on-year growth. It opened its third development center in Germany in March this year.
Eastern Europe also holds promise for Wipro, ranked among the likes of fellow Indian IT services players Tata Consultancy Services and Infosys. In August, Premji announced that Wipro was in the process of setting up two development and service centers, likely to be located in Bulgaria, Romania or Hungary
This company is listed in
Services.
Financials
| Fiscal year-end Mar |
FY05 |
FY04 |
FY03 |
FY02 |
FY01 |
Global full-year
revenue (US$millions) |
1,870.0 |
1,350.0 |
902.0 |
696.0 |
— |
Global full-year net
income (US$millions) |
363.0 |
230.0 |
170.0 |
171.0 |
— |
| Average year-on-year revenue growth over 4 years |
39.3 % |
| Average year-on-year net income growth over 4 years |
30.8 % |
| Percentage of revenue from Asia |
— |
| Percentage of Asian revenues from channel |
— |
Operations:
| Founded |
India/1945 |
| First Asian office |
— |
| Global employees |
42,000 |
| Employees in Asia |
— |
Asian countries:
Total 5 |
China, India, Malaysia, Singapore, Taiwan |
| Notes |
Data correct as at September 2005. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities. |
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