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The company was incorporated on 29 December 1945 in Amalner by MH Hasham Premji as Western India Vegetable Products Limited, a manufacturer of cooking oils. [5][6][7] In 1966, after Hasham Premji's death, his son Azim Premji dropped out of Stanford University and took over as chairperson at age 21.
Aug 24, 2024 · 1995: Wipro becomes one of the first companies to achieve SEI CMM Level 5 certification. 2000: Listing on the New York Stock Exchange. 2002: Wipro acquires Spectramind, marking its entry into business process outsourcing. 2014: Wipro surpasses $7 billion in annual revenue. 2021: Thierry Delaporte appointed as CEO, marking a new leadership era.
By 1989, Wipro had become a diversified manufacturer of computer systems, consumer products and industrial equipment, but as the 90s opened up, so did another transformation in Wipro’s story.
Wipro entered the information technology sector in the early 1980s, launching its first software product, a C-based version of the UNIX operating system, in 1981. The company changed its name to Wipro Limited in 1982.
- Humble Beginnings: Mid-1940S to Earlyl970s
- Going High-Tech: Mid-1970S to Late 1980s
- Rapid Growth and Expansion in The 1990s
- Going Global in The 21st Century
- Principal Subsidiaries
- Principal Competitors
- Further Reading
Western India Vegetable Products Ltd. (Wipro Limited) was founded in 1945 by M.H. Premji. The company sold vanaspati solidified sunflower oil to retailers, who sold it in bulk, scooping 50 and 100 grams for customers who brought along their own containers. In 1947 the same year that India gained independence from British rule, 32-year-old Premji la...
The company’s first departure from its main cooking oil business came about in 1975. Drawing Azim Premji’s his engineering background, and at the suggestion of one of the new IIM recruits, M. Seethapathy Rao, Premji launched Wipro Fluid Power, an operation that manufactured hydraulic and pneumatic cylinders. And under the direction of P.S. Pai, Wip...
India’s software industry continued to take off throughout the nineties, at a compounded annual rate of nearly 60 percent for most of the decade. India quickly became the third-largest supplier of IT labor, and its communications infrastructure rapidly improved. Part of this growth was driven by a growing number of U.S. corporations that began to t...
Wipro seemed to have survived the effects of the U.S. economic slowdown of 2000, with massive layoffs and profit warnings, and raced ahead in 2001 amid its own soaring growth rates and a huge expansion in its operating margins. Given that 60 percent of India’s IT-related services and software exports were tied to the U.S., Wipro’s unscathed emergen...
Wipro Inc. (United States); Enthink Inc. (United States); Wipro Japan KK (Japan); Wipro Welfare Limited; Wipro Prosper Limited; Wipro Trademarks Holding Limited.
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Beltran, Eamon, “Wipro Launches Operations in Germany,” Business Wire, posted May 17, 2001, http://www.businesswire.com. Chakravarty, Subrata N., “What’s Cooking at Wipro?,” Forbes,December 14, 1998, pp. 74-65. Chanda, Nayan, “How Precarious Is India’s Perch?,” Far Eastern Economic Review,April 12, 2001. Dhume, Sadanand, “Who’s That Man?,” Far East...
Apr 3, 2024 · Founded on December 29, 1945, in Amalner, India, by Indian citizen Mohamed Premji, the company initially operated as the Palm Refinery Oil Company. It began as a manufacturer of vegetable oils and later shifted into consumer goods, lighting, and hydraulic cylinders. - Advertisement -
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Jun 24, 2023 · With a rich history spanning over seven decades, Wipro has evolved from its humble beginnings as an oil extraction company to become a trailblazer in the world of technology. Founded in 1945 by M.H. Hasham Premji and transformed under the leadership of Azim Premji, Wipro has continuously adapted to market dynamics, expanded its offerings, and ...
