Wipro Ltd - Stock Valuation and Financial Performance

BSE: 507685 | NSE: WIPRO | IT - Software | Large Cap

Wipro Share Price

560.05 25.70 4.81%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Wipro

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Wipro stock performance -

mw4me loader
P/E Ratio (CD):
Market Cap:
2,92,932.7 Cr.
52-wk low:
52-wk high:

Is Wipro Ltd an attractive stock to invest in?

1. Is Wipro Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Wipro Ltd is a good quality company.

2. Is Wipro Ltd undervalued or overvalued?

The key valuation ratios of Wipro Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Wipro Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Wipro Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Wipro:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Wipro Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 20.3%17%13.8%13%14.4%15.4%17.3%16.9%13.4%12.6%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 46,95151,24455,44854,48759,01961,13861,93579,31290,48889,76089,760
Sales YoY Gr.-9.1%8.2%-1.7%8.3%3.6%1.3%28.1%14.1%-0.8%-
Adj EPS 12.412.812.713.114.616.619.321.619.920.221.1
YoY Gr.-3.9%-1.1%3.2%11.1%14.3%16.2%11.6%-7.5%1.4%-
BVPS (₹) 56.269.779.
Adj Net
Cash Flow from Ops. 7,8407,8879,2778,42311,63210,06414,75511,08013,06017,622-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%8.8%13.2%-0.8%
Adj EPS 5.6%6.8%1.5%1.4%
Share Price 10.5% 16.7% 2.2% 42%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.17%

Return on Equity has declined versus last 3 years average to 14.90%

Net Profit has been subdued in last 3 years 1.53%

Sales growth is not so good in last 4 quarters at -0.68%

Latest Financials - Wipro Ltd.

Standalone Consolidated
TTM EPS (₹) 17.4 21.1
TTM Sales (₹ Cr.) 66,792 89,760
BVPS (₹.) 109.3 141.3
Reserves (₹ Cr.) 56,099 72,850
P/BV 5.13 3.96
PE 32.12 26.52
From the Market
52 Week Low / High (₹) 375.00 / 564.70
All Time Low / High (₹) 0.13 / 739.80
Market Cap (₹ Cr.) 2,92,933
Equity (₹ Cr.) 1,046.1
Face Value (₹) 2
Industry PE 35.1

Management X-Ray of Wipro:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Wipro

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 36,65240,44844,12844,11147,40248,79547,30262,70874,14373,030
Manufacturing Costs582000000000
Material Costs3,1822,9952,6971,8941,3401,138727637664411
Employee Cost 22,51224,55326,80827,22229,97732,65733,23745,00853,76454,930
Other Costs 10,37712,90014,62214,99516,08515,00013,33817,06319,71417,689
Operating Profit 10,29910,79611,32110,37611,61712,34214,63316,60516,34516,731
Operating Profit Margin (%) 21.9%21.1%20.4%19.0%19.7%20.2%23.6%20.9%18.1%18.6%
Other Income 2,4502,7522,6232,5592,6142,7252,5302,1412,7742,676
Interest 3505585945837387335095331,0081,255
Depreciation 1,1751,4962,3102,1121,9472,0862,7633,0783,3403,407
Exceptional Items 0000000000
Profit Before Tax 11,22411,49411,03910,24211,54212,25213,90315,14114,76614,721
Tax 2,5102,5372,5212,2392,5242,4803,0352,8973,3993,609
Profit After Tax 8,7148,9578,5188,0039,0189,77210,86812,24311,36711,112
PAT Margin (%) 18.6%17.5%15.4%14.7%15.3%16.0%17.5%15.4%12.6%12.4%
Adjusted EPS (₹)13.213.513.113.314.917.019.722.320.721.1
Dividend Payout Ratio (%)34%17%6%6%7%6%5%27%5%5%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 37,01145,92251,31547,74956,16155,16754,59464,87777,10573,895
Share Capital 4944944869051,2071,1431,0961,0961,0981,045
Reserves 36,51745,42850,82946,84454,95454,02453,49863,78176,00772,850
Minority Interest1652212392412641881505259134
Long Term Debt1,2711,7361,9614,5272,8374847465,6466,1276,230
Short Term Debt6,44410,26511,6747,9606,8095,4027,5879,5238,8827,917
Trade Payables5,8494,9024,8675,1206,2665,8405,1826,2525,9725,766
Others Liabilities 7,5558,5448,6169,40610,02913,59814,30720,92518,77920,668
Total Liabilities 58,29371,59078,67275,00382,36480,67882,5661,07,2761,16,9241,14,609

Fixed Assets

Gross Block18,30526,30430,52527,97328,67235,00436,36851,99059,38857,930
Accumulated Depreciation7,4689,02510,6399,84611,20812,94213,32714,00014,63114,302
Net Fixed Assets10,83717,27919,88718,12717,46522,06223,04037,99044,75743,628
CWIP 3953817381,3782,1421,8811,8531,602617723
Investments 5,53220,91529,91325,79722,88720,03218,77526,15433,07333,384
Trade Receivables9,1559,9619,48510,09910,04910,4479,43011,52212,63511,548
Cash Equivalents 16,6199,9055,2714,49315,85314,45016,97910,3849,1889,695
Others Assets15,27012,61012,98814,77313,57411,61912,38219,49216,53515,539
Total Assets 58,29371,59078,67275,00382,36480,67882,5661,07,2761,16,9241,14,609

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 7,8407,8879,2778,42311,63210,06414,75511,08013,06017,622
PBT 11,22411,49411,03910,24211,54212,25213,90315,14114,76614,721
Adjustment -234-3143351,079-1128361,0512,1562,7722,632
Changes in Working Capital -723-599451-882717-23862292-3649-14561805
Tax Paid -2,427-2,694-2,548-2,811-2,515-638-2,492-2,569-3,022-1,536
Cash Flow From Investing Activity -2,596-13,816-11,6283,5585,0133,401774-22,450-8,4071,168
Capex -1,141-1,317-1,965-2,070-2,084-2,223-1,882-1,942-1,429-649
Net Investments -127-14,368-11,2924,1322,4343,204694-6,010-6,574305
Others -1,3271,8701,6281,4964,6632,4201,963-14,498-4041,512
Cash Flow From Financing Activity -830-159-2,275-12,998-4,937-15,100-12,8844,659-6,088-18,257
Net Proceeds from Shares 101002011111
Net Proceeds from Borrowing 0000000000
Interest Paid -92-135-200-312-480-460-334-509-871-1,046
Dividend Paid -2,949-2,946-725-450-450-569-546-547-3,281-522
Others 2,1112,921-1,350-12,238-4,007-14,072-12,0055,714-1,937-16,691
Net Cash Flow 4,415-6,087-4,626-1,01711,707-1,6342,645-6,711-1,435533
ROE (%)25.2221.617.5216.1617.3617.5619.820.516.0114.72
ROCE (%)28.1423.2518.6816.9519.1620.0522.8121.818.2117.62
Asset Turnover Ratio0.870.790.740.710.750.750.760.840.810.78
PAT to CFO Conversion(x)0.90.881.
Working Capital Days
Receivable Days69686466626159484949
Inventory Days3432221110
Payable Days6356556619621,5511,9412,7663,2783,3585,212

Wipro Ltd Stock News

Wipro Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Wipro on 12-Jul-2024 16:01 is ₹560.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Wipro stood at ₹2,92,932.7.
The latest P/E ratio of Wipro as of 12-Jul-2024 16:01 is 32.12.
The latest P/B ratio of Wipro as of 12-Jul-2024 16:01 is 5.13.
The 52-week high of Wipro is ₹564.7 and the 52-week low is ₹375.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Wipro is ₹66,792 ( Cr.) .

About Wipro Ltd

Wipro is a leading global information technology, consulting and business process services company. The company 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. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship.

The company began its 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. During the early 1980s, it entered the Indian IT industry by manufacturing and selling mini computers.

In the 1990s, the company leveraged its hardware R&D design and software development expertise and began offering software services to global clients. In 2013, it demerged the non-IT Diversified Businesses. With a track record of several years in IT Services, the company is focused entirely on the global Information Technology business. Wipro is listed on National Stock Exchange and Bombay Stock
Exchange in India and New York Stock Exchange in the US.

Business area of the company

The Company is engaged in IT Software, Services and related activities.

Service Offerings

  • Data, Analytics & AI
  • Applications
  • Digital Operations and Platforms
  • Consulting
  • Infrastructure Services



  • Wipro E.go Notebooks was ranked amongst the top four notebook brands by a premier global market intelligence firm, IDC.
  • Awarded the Platinum Partner Award by Hitachi Data Systems for the year 2008-2009.
  • Winner for the Best Project Achievement in Customer Experience at The Global Six Sigma and Business Improvement Awards.
  • The Gold Certified Partner of HP, Middle East in 2008-2009.
  • Received certification for Master Security Specialization by Cisco.
  • Proud recipient of the International ICT Award for the Fastest Growing BPO Company Award.
  • Enterprise Partner of the Year Award from Websense in 2008-2009.
  • Fortinet, a leading provider of network security appliances, declared Wipro to be the Top Growth partner in 2008-2009.
  • Wipro’s commitment towards its partners was recognized through the first ever Teradata Partner Impact Award. The award held at the Teradata Centre of excellence (CoE) also identified as a significant contributor as SI Partner in the APAC emerging markets.
  • Best BPO Locator Award in Philippines in March, 2009.
  • Apart from being the Winner of the Global MAKE Award of 2009, Wipro was also the seven-time Asian MAKE Award winner and the five-time Indian MAKE Award Winner.
  • The company’s official website, www.wipro.com, won the Silver Award in the Davey Awards for its outstanding work in Digital Design.
  • As a result of the successful promotion of equal opportunities for disabled people Wipro won the NCPDEP Shell Helen Keller Award.
  • Outsourcing Institute and Vantage Partners’ RMMY Awards 2009 for Best Performance Management Process.
  • NDTV Profit Business Leadership Awards 2009 in both the Hardware and software categories.
  • Among the Top 3 BPO Employers according to the Dataquest Survey.
  • Best Project Achievement In Customer Experience of the Global Six Sigma & Business Improvement Award 2009. Wipro also won an award of Six Sigma Project for the Order to Cash delivery presented by a leading telecom customer of the organization.
  • Placed joint second on a list of top five Green Electrical Brands as seen in the Greenpeace Guide to Greener Electronics. This was made possible by a strong focus on e-waste management and climate control.
  • Wipro’s website, www.wipro.com, received the Web Award from Web Marketing Association for ‘Outstanding Achievement in Web Development’.


  • Wipro featured in FinTech’s rankings on Top 25 Enterprise companies published by the American Banker and Bank Technology News, and IDC Financial Insights.
  • Received the ‘Company Of The Year - International’ award as part of the Economictimes.com BPO Industry Award.
  • Partner of the Year Award for Systems Integration, Applications and Middleware from Oracle.
  • Ranked 2nd in the Dataquest IDC BPO Satisfaction Survey.
  • Wipro Infotech was the Indian IT Company of the Year 2009. Springboard Research chose Wipro for impressive revenue growth, client acquisitions and push towards green technologies.
  • Partner of the Year Award for Systems Integration, Applications and Middleware from Oracle.
  • Ranked 2nd in the Dataquest IDC BPO Satisfaction Survey.
  • Wipro’s CIGMA won NASSCOM Award for Process Innovation as CIGMA enables customers to manage IT outsourcing engagements through business linked KPIs rather than traditional IT SLAs. CIGMA integrates cutting edge technology and process elements to deliver stability of the client’s business platform at a lower cost.
  • Awarded the BPO Excellence Awards in Most Significant Contributor to the BPO Industry, BPO Employer Brand of the Year, Operational Excellence and Quality.
  • Presented with the 2010 Global Impact Award from Metro Atlanta Chamber of Commerce for success in job creation and positive impact on Atlanta’s economy in 2009.
  • Indus Towers Customer Award for Excellence in Delivery- Wipro was the only IT partner to receive an award from Indus.
  • Most Outstanding Alliance Partner of the Year Award in Asia-Pacific and Japan from HP. This is the third time in five successive years that Wipro Technologies was recognized by HP Software and Solutions.
  • Wipro’s Identity and Access Management (IDAM) Solution - IDAM-in-a-Rack won the Global Product Excellence Award 2010 in the Identity Management Solution Category.
  • Bharat Gaurav Award, 2010 for Nagarajan A., VP, Business Operations, Wipro Arabia for excellence in keeping Indian Flag high in other countries
  • Ranked #3 Top BPO Employers, NASSCOM Survey 2009-10
  • Indus Towers Customer Award for Excellence in Delivery- Wipro was the only IT partner to receive an award from Indus.
  • Ranked fourth among BPO Exporters as per the annual NASSCOM Survey 2009-10.
  • Outstanding Partner of the Year Award from Radware.
  • Leadership Award in the Solution Partners Category by RSA, India.


  • Ranked 23rd in the Top Companies for Leaders’ global list announced by Aon Hewitt, The RBL Group and Fortune.
  • ASTD BEST award for training and development.
  • IT Outsourcing Project of the Year 2011 award for innovation and achievement in outsourcing industry.
  • NASSCOM Corporate Award for Excellence in Diversity and Inclusion.
  • Women Helping Women award for Women in Business.
  • National Telecom Award for Excellence in Infrastructure for Application Services.
  • SAP ACE Award for Customer Excellence.
  • REMMY (the Recruitment Marketing) Award from the Times group.
  • The Outsourcing Excellence Award for Best IT Enablement in BPO.
  • BPO Excellence Award for Operational Excellence & Quality.
  • BPO Excellence Award for Use of Technology for Operational Excellence.
  • BPO Excellence Award for Outstanding Work in Utilities Company in UK.
  • Awarded with DL Shah National Quality Award.


  • Wipro ranked 1 in India 2012 ranking of Climate Disclosure Leadership Index (CDLI). One of the 7 companies from the IT sector in Global CDLI rankings.
  • Wipro Technologies and British Telecom win ‘Offshoring Project of the Year’ award at National Outsourcing Association Awards 2012.
  • Wipro ranked No 2 in the Global 500 listing of Newsweek’s Green Company Rankings 2012.
  • Wipro is the highest ranked gadget maker in Greenpeace’s latest green guide to electronics 2012.
  • Wipro rated as a Leader in Business Technology Transformation by Independent Research Firm.
  • High Performance Brand Award from All India Management Association.
  • Named as one of the most ethical companies by Ethisphere Institute 2012.
  • Recognized as the World Sector Leader in the Dow Jones Sustainability Index for the 3rd consecutive year.
  • Wipro cited as leaders among Business Intelligence providers by independent research firm.
  • Wipro ranked Global Leader in Telecom R&D Services.
  • Ranked as the top ‘Global R&D Service Provider’, for the third successive year by Zinnov Management Consulting Pvt. Ltd.
  • Wipro and University of Canberra Win ANZ-ISG Paragon Awards 2012 for ‘Best Service Provider Innovation Excellence’.
  • Ranked Thought Leadership “Best-In-Class” in the CEB TowerGroup Outsourcing Technology Analysis Report 2012.
  • Bagged top honors at the 2012 Annual Diversity Council Honors Award.
  • Recognized as the winner of the 2012 Global MAKE (Most Admired Knowledge Enterprises) Award.
  • Ranked 2nd in the Workplace Diversity & Inclusivity category in India’s Best Places to Work For Study -2012 conducted by Great Places to Work Institute.
  • Wipro is the winner in the category ‘The Business Impactors’, at the NASSCOM Exemplary Talent (NExT) Practices Awards 2012.


  • Wipro won the Gold award at ITSMA, 2013 under the category ‘Marketing with Social & Digital Media’
  • Wipro won the CIO-100 2013 Award.
  • Wipro awarded ASIA-PAC Region DISABILITY MATTERS 2013 Award.
  • Wipro bags ESCAP-Sasakawa Award for Disability-Inclusive Business (multinational enterprise category).
  • Wipro ranked 1 in India 2013 ranking of Carbon Disclosure Leadership Index (CDLI).
  • Wipro selected as Dow Jones Sustainability Index – World member for the 4th time in a row. Also selected as DJSI Emerging Markets Index member.
  • Wipro ranks 11th in the first edition of Interbrand’s ‘Best Indian Brands’ study, 2013.
  • Global Telecoms Business recognizes Nokia Siemens Networks and Wipro with the ‘Wholesale Service Innovation Award 2013’ for their unique IT R&D Partnership Project.
  • American Society for Quality recognizes ?Wipro BPO with the Best Project with ‘Organizational Impact’ award.?
  • Wipro cited as a Leader in Sustainable Technology Services by Independent Analyst Firm.
  • Wipro, Recognized as one of the most ethical companies by Ethisphere Institute 2013.


  • Wipro recognized as the ‘Best Company to Work For’, among supersized organizations in India, in the 2014 edition of a study conducted by Great Place To Work Institute and The Economic Times.
  • Wipro rated as a No.1 Global Engineering and R&D service provider by Zinnov.
  • Wipro ranked Global Leader in Telecom R&D Services for the third consecutive year by Zinnov.
  • Wipro recognised as the company with Best CSR & Sustainability practices by Asian Centre for Corporate Governance & Sustainability.
  • Wipro won 5 awards, including the Grand Pillar Award and Gold at Golden Bridge Business and Innovation Awards 2014 for its solutions – Managed File Transfer and Treasury & Payments.
  • Wipro recognized as World Leader for corporate action on climate change by CDP.
  • Wipro selected as Dow Jones Sustainability Index (DJSI), World member for the 5th consecutive year and recognised as the Global Sector Leader for the Software & Service Industry. Also selected as DJSI Emerging Markets Index member for the third time in a row.
  • Wipro ranks 12th in the Interbrand’s ‘Best Indian Brands’ study, 2014.
  • Wipro recognized with the prestigious Golden Peacock Award 2014, in the category of ‘Innovative Product / Service’ for Wipro’s Assure Health solution.
  • Wipro won 3 Awards at Info Security’s 10th Annual Global Excellence Awards 2014.
  • Wipro Limited recognized as Champion of Women’s Empowerment Principles with 2014 Leadership Award.
  • Wipro named as a World’s Most Ethical Company by Ethisphere Institute for the third successive year, 2014.
  • Wipro recognized as a winner of the Global, Asian and Indian MAKE (Most Admired Knowledge Enterprise) awards for 2013.
  • Wipro recognized as a best in class outsourcing and consulting service provider for 2014 by ‘Consumer Goods Technology’ Readers.
  • Wipro achieves ‘A’ level on the CDP’s supplier climate performance leadership index (SCPLI).
  • Wipro awarded bronze class distinction in 2014 RobecoSAM sustainability yearbook.
  • Wipro honored with CIO Choice 2014 recognitions for Managed IT Services, Enterprise Infrastructure Automation Services and Managed Security Services.


  • Wipro Ltd received ‘A’ Rating with a PLATINUM Sustainable Plus Label from CII.
  • Wipro has been ranked No: 1 in the Carbon Disclosure Leadership Index (CDLI), India for the third time in succession.
  • Wipro recognized as member of Dow Jones Sustainability Index (DJSI), World for the sixth time in a row. Wipro is also a member of the DJSI Emerging Markets Index.
  • Channel NewsAsia, Sustainalytics and CSR Asia, have ranked Wipro 1st among the 100 most sustainable corporations in Asia in the 2015 Channel NewsAsia Sustainability Ranking.
  • Wipro selected as a member of the Euronext Vigeo Emerging Market Sustainability Index (the 70 most advanced companies in the Emerging Market Region).
  • Wipro Named as a 2015 World’s Most Ethical Company by the Ethisphere Institute for the Fourth Successive Year.
  • Wipro Wins Seven Awards At CIO Choice Honor & Recognition 2015.
  • Wipro named a 2015 Best Outsourcing Thought Leadership Awards (BOTL) winner by The Outsourcing Institute.
  • Wipro accredited as a Young up-And-Coming Innovative companies by Boston Consulting Group (BCG) in their 2014 global innovators survey.
  • Wipro recognized as 2014 Asia IP Elite for the progress made in developing and rolling out world-class IP strategies.
  • Wipro recognized as the Top 26 Most Innovative companies for the year 2014 across all service sectors and industries by Confederation of Indian Industry (CII).
  • Wipro won Gold Award for ‘Integrated Security Assurance Service (iSAS)’ under the ‘Vulnerability Assessment, Remediation and Management’ category of the 11th Annual 2015 Info Security PG’s Global Excellence Awards.
  • Wipro won Bronze Award for ‘Smart Grid Security Solution’ under the ‘New Products and Services’ category of the 11th Annual 2015 Info Security PG’s Global Excellence Awards.
  • Wipro Honored as World’s Most Ethical Company by Ethisphere Institute for the Fourth Successive Year, 2015.
  • Wipro won 7 awards, including Best Managed IT Services and Best System Integrator in the CIO Choice Awards 2015, India.
  • Wipro won ‘NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2014’, recognised for outstanding work in the Persons with Disability (PwD) category.
  • Wipro was ranked 8th in the Best Companies for Leaders 2015 list in a study conducted by Chally Group in partnership with Chief Executive magazine.


  • Wipro-Asahi Beverages Jointly Win 2016 ISG ANZ Paragon Award for ‘Best BPO Sourcing’.
  • Wipro recognized as ‘Best Collaboration Partner’ for LTA, at Land Transport Excellence Awards 2016.
  • Wipro recognized as 1 among the 100 most sustainable corporations in Asia in the 2016 Channel NewsAsia Sustainability Ranking for the 2nd time in a row.
  • Wipro has been included in the Dow Jones Sustainability Index (DJSI) - World and Emerging Markets for the seventh time in succession.
  • Wipro wins Aecus Innovation Award for its Incident Management Mobile Solution implementation at National Grid.
  • Wipro retains the 11th spot in Interbrand’s Best Indian Brands 2016.
  • Wipro won the CISCO ‘Digitizing India Awards’ in collaboration with CNBC for NRC Assam Project under Digital Innovation in Citizen services (eGovernance) category.
  • Wipro selected as a member of the Vigeo Eiris Emerging Market Sustainability Index (the 70 most advanced companies in the Emerging Market Region).
  • Wipro Receives 2015 EMC Global Growth Alliances Partner Award.
  • Wipro named as a 2016 World’s Most Ethical Companies by the Ethisphere Institute for the 5th successive year.
  • Wipro wins ‘NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2016’.


  • Wipro wins Gold for Integrated Security Assurance and Security Intelligence as a Service at 2017 IT World Awards.
  • Wipro wins Gold for Integrated Security Assurance and Managed Security Services at 2017 Golden Bridge Awards.
  • Wipro wins 2017 QuEST Forum Global Sustainability Awards in the software category.
  • Wipro Wins 2017 Most Admired Knowledge Enterprise (MAKE) Award, No.1 in Asia & India.
  • Wipro won the ‘Best IoT Solution Partner Award’ by Cisco.
  • Wipro’s Next Generation Customer Experience (NGCE) platform won the ‘Best Innovation Practices for Science and Technology Service Industry in China’ award.
  • Wipro recognized among India’s most innovative companies by CII industrial innovation awards 2017.
  • Wipro has been named a constituent of the FTSE4Good Index Series in 2017.
  • Wipro selected as a member of the 2017 Vigeo Eiris Emerging Market Sustainability Index (the 70 most advanced companies in the Emerging Market Region).
  • Wipro won the ‘Association for Talent Development’ BEST (Building talent Enterprise-wide Strategically) award for 2016.
  • Wipro won Innovative Policies and Practices for Persons with Disabilities Award by Zero Project, Vienna.
  • Wipro named as a 2017 World’s Most Ethical Companies by the Ethisphere Institute for the 6th successive year.
  • Wipro won ‘Excellence in Diversity & Inclusion’ award & ‘Employer with best Employee Health and Wellness Initiative’ award at SHRM India HR Awards 2016.
  • Wipro was awarded a runners up in ‘Excellence in Talent Sourcing & Staffing’ at SHRM India HR Awards 2016.
  • Wipro won the ‘Platinum Arogya World Healthy Workplace’ FY2016 award in the Health & Wellness category.
  • Wipro was awarded a runners Up in ‘Diversity & Inclusion’ in the Corporate HR Best Practices category at NHRD HR showcase 2016 event.
  • Wipro receives Silver Class Sustainability Award 2017 in RobecoSAM’s annual Corporate Sustainability Assessment (CSA).


  • Wipro and Designit win Businessworld ‘Future of Design’ Gold Award in the product design category for the social robot WEDA.
  • Wipro’s Intellectual Property Portfolio Recognized with National IP Award and WIPO Enterprise IP Trophy.
  • Wipro wins Gold for Physical Identity & Access Management and Security Intelligence as a Service at 2018 IT world Awards.
  • Member of Dow Jones Sustainability Index (DJSI) 2018, World, for the ninth consecutive time.
  • Golden Peacock HR Excellence Award, 2018.
  • Nipman Foundation - Microsoft Equal Opportunity Awards 2018, Winner in the category of ‘Enabler - Employment of Persons with Disabilities’.


  • Wipro wins ‘Global Breakthrough Partner of the Year’ from Pivotal Software in 2019.
  • Winner at the NASSCOM Diversity and Inclusion Awards for the ‘Gender Inclusion’ category (2019).
  • 2019 Working Mother & Avtar Most Inclusive Companies Index (MICI): Declared as a ‘Champion of Inclusion’.
  • 2019 Working Mother & Avtar Best Companies for Women in India (BCWI) list: Declared as one of the ‘100 Best Companies for Women in India’.
  • Member of Dow Jones Sustainability Index (DJSI) 2019, World, for the tenth consecutive time.
  • United Nations Global Compact Network India (UN GCNI) - Women at Workplace Awards 2019 - First Runner Up.
  • Annual HR Distinction Awards 2019, UK - Winner in the category ‘Distinction in Inclusion and Diversity’.
  • Wipro has received a score of 95 out of 100 on the 2019 Corporate Equality Index.


  • Featured in the Bloomberg Gender Equality Index 2020.
  • Wipro has received a score of 90 out of 100 on the 2020 Corporate Equality Index.


  • 1945: Manufacturing of edible oils
  • 1980: Birth of IT business under banner of Wipro Information Technology Ltd. focused on hardware manufacturing and R&D
  • 1981: Manufacture of mini computers started at the Mysore factory
  • 1984: Start of Wipro Systems - focus on software products (Wipro branded as well as distribution business)
  • 1986: Start of Wipro PC manufacturing (with India's first surface mounted technology)
  • 1986: Manufacturing tie-up with Epson for printers
  • 1988: Partnership with Sun Microsystems announced
  • 1990: Launch of global software services business
  • 1992: Launch of global R&D services
  • 1995: Offshoring services started
  • 1995: Partnership with Cisco announced
  • 1995: Joint Venture with Acer started
  • 1995: Wipro-BT joint venture started
  • 1998: Re-launch of Wipro branded PC
  • 1998: Mission Quality journey started with focus on Six Sigma
  • 2000: Wipro Listed on NYSE
  • 2001: Launch of Wipro Infotech Middle East & Asia-Pacific operations
  • 2002: Start of Consulting business unit
  • 2004: Start of Total Outsourcing business
  • 2006: Launch of GSMC- Global Service Management Centre for remote service delivery
  • 2006: Acquisition of 3D networks
  • 2007: Wipro Arabia Joint Venture found
  • 2008: Launch of Wipro GSMC in Kuala Laumpur
  • 2008: Launch of Wipro Egypt Development Center
  • 2010: Wipro Technologies, the global IT services business division of Wipro, has jointly with Citrix Systems entered into an agreement with Microsoft.
  • 2010: Wipro Infotech -- the India, Middle East and Africa, IT Business of Wipro--has been awarded a 5-year IT outsourcing contract by Vasan Eye Care - one of India's largest network of eye care centers and a unit of Vasan Healthcare Group.
  • 2011: Wipro has signed an agreement to acquire majority stake of Brazil based hydraulic cylinder manufacturer R.K.M. EQUIPAMENTOS HIDRAULICOS.
  • 2011: Inaugurated its first rural BPO at Manjakkudi village in Tamil Nadu to capitalize on literate talent pool available in the region.
  • 2012: Wipro - Australia-based MMG Selects Wipro as Strategic Partner
  • 2012: Wipro - Wipro Acquires L.D.Waxson with Skincare brands Bio-essence & Ginvera
  • 2012: Wipro Tech joins Car Connectivity Consortium (CCC) to develop smartphone-based connected-car solutions
  • 2012: Wipro Technologies, Oracle joined hands to offer next gen Oracle Fusion HCM solution
  • 2012: Wipro Infotech, the India and Middle East, IT Business unit of Wipro launched the e.go aero range of ultraportable notebooks
  • 2012: Wipro Wins NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2012
  • 2014: Launched ‘Wipro Digital’
  • 2015: Key capabilities acquired through Designit & Appirio
  • 2017: Launched new brand identity & rearticulated ‘Spirit of Wipro’ to underscore Wipro’s commitment to transformation & evolving client expectations
  • 2018: unveiled its Texas Technology Center in Plano, Texas.
  • 2018: launched its Innovation and Talent Hub in Reading, reinforcing the company’s commitment to develop talent and strengthen STEM skills in the United Kingdom.
  • 2018: launched an Automotive Innovation Center in Detroit, Michigan.
  • 2019: roll-out of Total Operations System (TOPS) CREW, a fully-integrated IT product suite for global airlines.
  • 2019: launched three edge artificial intelligence (AI) starter solutions powered by Intel Xeon® Scalable processors.
  • 2019: launched its Wipro RAPIDSTM DXP solution suite, addressing the digital experience and B2X market place requirements of Communication Service Providers??SPs).
  • 2019: launched its NextGen Cyber Defence Centre (CDC) in Melbourne, Australia.
  • 2019: signed a Memorandum of Understanding (MoU) with the University of Oulu, Finland, to collaborate in the areas of wireless communications in 5G/6G at GHz, THz and light wave frequencies under the University’s 6G flagship program.
  • 2020: launched its Microsoft Business Unit.
  • 2020: Wipro entered into a collaboration with IBM to assist Wipro customers embark on a seamless and secure hybrid cloud journey.
  • 2020: Wipro entered into partnership with CloudKnox Security.
  • 2020: Wipro launched its Digital Inspection Solution for improved workplace safety and experience.
  • 2020: Wipro completed the acquisition of 4C for 68 million euros (about Rs 589 crore).
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