Wipro Technologies Totally Explained

Everything about Wipro totally explained

Wipro Tech is an information technology service company established in India in 1980. It is the global IT services arm of Wipro Limited (in operation since 1945, incorporated 1946). It is headquartered in Bangalore and is the third largest IT services company in India. It has more than 79,832 employees as of December 2007, including its business process outsourcing (BPO) arm which it acquired in 2002.
   Wipro Technologies has over 300 customers across U.S., Europe and Japan including 50 of the Fortune 500 companies. Some of its customers are Nortel, Boeing, BP, Cisco, Ericsson, IBM, Microsoft, Prudential, Seagate, Sony, HP, Windriver, Airbus, Toshiba, Windstream Communications, and Wal-Mart. It is listed on the New York Stock Exchange and is part of its TMT (technology media telecom) index testing .
   With revenue in the excess of US $5 billion, Wipro is one of India's major IT companies. It has dedicated development centers and offices across India, Europe, North America, Latin America and Asia Pacific. The current Chairman, Managing Director and majority stake owner is Azim Premji, who has headed the software and hardware divisions since Wipro's inception.
   Examples of Wipro's product design work include developing an Internet-browsing phone for a Japanese telecom company in 1998, helping chipmaker Texas Instruments produce digital signal processing software, and creating an automotive display unit for Italian manufacturer Magneti Marelli that combined functions including cell phone capability, global position system technology, a navigation system and a CD player.

History

Wipro was set up in 1945. Primarily an edible oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap (a by-product of the Vanaspati operations). The company was called Western India Vegetable Products Limited; it had a minor presence in Maharashtra and Madhya Pradesh. In the 1970s and 1980s, it began to expand and made forays into computing. In 1975, Wipro marketed India's first homegrown PC.
Wipro was the sole representative for Sun Microsystems in India, before the Sun liaison office was set up in India, in the early 1990s. Wipro is the highest-ranked Indian IT provider by International Association of Outsourcing Professionals.
Wipro and its success in handling outsourced information technology from US businesses is detailed in Thomas L. Friedman's best-selling book The World Is Flat and Steve Hamm's Bangalore Tiger. Wipro's offshore model is considered 'unique among the larger players in the security consulting space' according to an independent report by Forrester Research

Financials

Wipro’s Total IT Business crosses $4 billion in Financial Year 2007-2008
Wipro posted a net profit of Rs. 7.3 billion and growth of 17% in the Q1 2007-08. Staff strength crossed 73,000.

Time line

1945: Western India Vegetable Products Limited is created
1947: An oil mill and hydrogenated cooking medium plant set up in Amalner, Maharashtra.
1966: Azim Premji takes over leadership of Wipro at age 21
1975: Wipro Fluid Power is set up to manufacture hydraulic and pneumatic cylinders
1977: Company is renamed to Wipro Products Limited
1980: Information technology services for domestic market started
1981: Hardware company is launched
1982: Company is renamed to Wipro Limited
1984: Software products subsidiary Wipro Systems Ltd. is established
1985: Toilet soaps manufacture begins
1988: Wipro BioMed is launched. It is a new business unit to market and service bio-analytical and diagnostic instruments
1989: Joint venture with GE for medical systems, Wipro GE Medical Systems Ltd
1990: Product software business discontinued; software services begin
1992: Lighting business and finance arm is established
1994: Merger of subsidiaries Wipro Technologies Ltd. and Wipro Systems Ltd. with Wipro Ltd.
1995: Received ISO 9001 quality certification
1997: Received CMM level 3 certification from the Software Engineering Institute of India
1998: Wipro identity is relaunched with rainbow flower and positioning statement, "Applying Thought"
1998: Certified at CMMi level 5
1999: Brand makeover, with sunflower logo and the tag line "Applying Thought"
1999: Wipro Net is set up by restructuring Wipro Ltd.'s communication services business to address the Internet market
2000: Wipro Ltd.'s American depositary receipts are listed on New York Stock Exchange
2000: Six Sigma initiative begun
2001: Wipro receives a $70 million SI order, the largest ever till overtaken by TCS
2001: Awarded the PCMM level 5 certification
2001: Business Today rated it as India's most valuable company
2001: BusinessWeek ranked it among the top 100 best performing technology companies globally
2002: Acquires Raman Roy's Spectramind for US$ 175 million to get into BPO industry
2002: BusinessWeek ranked it among the top 10 software services companies
2004: Becomes 4th largest company in the world in terms of market capitalization in IT services
2005: Becomes a $2 billion company
2006: Acquires Newlogic Technologies, Austria, a major semiconductor IP design provider in wireless and bluetooth domains
2006: Post acquisition of Newlogic, it becomes the world's largest third-party R&D service provider .
2006: Acquires Saraware, a wireless R&D service provider from Finland
2006: Acquires Quantech, a mechanical engineering design provider
2006: Acquires Enabler, a leading retail solutions provider from Portugal
2006: Joint venture company WMNetServ with Motorola
2006: Net profit for July, August and September rises 48% to $152m (£81m)
2007: Revenues reach $3.5billion
2007: Becomes SOX Compliant.
2007: Wipro-Biomed Division sold to Ranbaxy Fine Chemicals (External Link)
2007: Wipro opens new development center in Monterrey, Mexico
2007: Acquires U S based Infocrossing
2008: Acquires Aquatech Industries Pvt. Ltd. and its sister concerns.

Further Information

Get more info on 'Wipro'.

External Link Exchanges

Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:

<a href="http://wipro_technologies.totallyexplained.com">Wipro Technologies Totally Explained</a>

Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned.