Wipro Technologies Company Profile
In
the year of 1945, in pre–independent India, a vision was born, which
would eventually stand out as a brand name synonymous with innovation
and integrity. Starting off with consumer products business, Wipro then
diversified into newer areas including IT hardware and IT services. Such
has been the dynamic power of the organization that over the past 50
years, Wipro has evolved into a leading global IT company, a company
which has pioneered many an innovation in the IT services, BPO and
R&D services space.
Headquartered
at Bangalore, India, we at Wipro implement the philosophy of 'Applying
Thought', thereby helping clients to "Do Business Better". Our path
breaking innovations and ideas have culminated into the `Wipro Way' – a
process which directly impacts customer benefits by improving
time-to-market, enhancing predictability and reliability, and cutting
costs.
Wipro's
Global IT business caters to more than 150 global Fortune 500 clients
across financial services, retail, transportation, manufacturing,
healthcare services, energy and utilities, technology, telecom and
media. We employ over 120,000 people from over 70 nationalities and 72
plus global delivery centers across 5 continents.
]
Completing the circle of transformation
Wipro,
one of the world's most trusted brands, is a name with a long history
that powers itself into new ventures. This trust extends to a series of
products, services and solutions that cover diverse businesses - from
consumer care to cutting-edge information technology. Over the years,
our identity has evolved with our business, adapting to changing global
dynamics.
Here's a snapshot of our journey to date:
Inception:
Wipro
was established in 1945 as a vegetable oil manufacturer in Amalner,
Maharashtra. The company at that time was known as Western India
Products Limited. Its main area of business was the production of
Sunflower Vanaspati Oil, and later on, soaps and other consumer care
products
Evolution:
During
the late 1970s and 1980s, Wipro began to venture into the fledgling IT
industry in India. It was the first to market indigenous Personal
Computers in 1985. This phase saw Wipro expand its horizons rapidly and
take advantage of the opportunities in the technology space.
It
was during 1990s that Wipro took its hardware expertise into the
services arena, and was among the pioneers in developing the
ODC(Offshore Development Center) concept (popularly known as the Global
Delivery Model or GDM). Wipro leveraged this initial success with
telecom partners to take our services offering global and provide
R&D services (product engineering services) to clients. Today, Wipro
is the world's largest outsourced R&D services provider, a business
which continues to remain a key differentiator for our communication,
manufacturing and technology businesses.
Consolidation:
The
late 1990s and early 2000s was the time when industry and the way
business was conducted changed completely. Globalization was the
buzzword while the explosion in telecommunications, followed by the
Internet boom and bust, meant that the world was increasingly becoming
interconnected. Enterprises hopped onto the global sourcing bandwagon,
and soon GDM took on an overarching scale and scope for providers like
Wipro. Since then, we have transformed into one of the world's leading
software and outsourcing service providers.
The
2000s' decade saw Wipro focus on the IT services and BPO business,
which today has become the company's primary growth driver, having grown
from negligible revenues to about 70% of Wipro's IT revenues, a
testimony to the company's ability to scale new businesses.
Currently,
Wipro employs 120,000 employees (March 31, 2011). The company recorded
total revenue of $6.98 billion (IT revenues stood at $ 5.2 billion) for
the year ended March 31, 2011 while net income for the same year was
$1.19 billion. We believe in sustained growth by being a partner to
industry leaders, attracting the best leaders, offering industry-leading
expertise and continue our steadfast global presence.
The Future:
Looking
into the future, what Wipro sees is a new world. It is one where
paucity of resources calls for optimized utilization – be it talent,
capital or raw materials. It is also a world which is networked and
connected and that mandates business model transformation. Both these
worlds will be driven by an explosion in real-time information and
analysis.
We
think that organizations will have to rapidly redesign themselves to
enable them to be more responsive to changing customer needs. They will
need a partner and co-innovator in this journey to help them transform
their business, increase efficiency, enable new business models,
innovate at the edge and not just at the core even as they drive
experimentation through faster analytics and knowledge.
Wipro seeks to be that go-to-company for businesses and help get their business future ready.
Company website: http://www.wipro.com
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