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October 19
- On October 19, as the company’s chairman Azim Premji rang the opening and closing bells at the NYSE, Wipro became the first Indian IT company and just the third from across sectors to list on the 183-year-old US exchange.
www.cnbctv18.com/business/companies/backstory-wipros-turn-of-the-century-listing-on-nyse-12650002.htmBackstory: Wipro's turn of the century listing on NYSE - CNBCTV18
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The company changed its name to Wipro Products Limited in 1977, followed by Wipro Limited, a syllabic abbreviation of the original name, in 1982. [6]
The company's first departure from its main cooking oil business came about in 1975. 1977 But in 1977 the Indian government decided to throw out United States computer giant IBM over a dispute about investment and intellectual property, creating what Premji saw as a golden business opportunity.
In August 1979, Wipro recruited its first members of the Infotech division. Two months later, Wipro applied for a license to develop, manufacture and market minicomputers.
Wipro Limited was founded in 1945 by Muhammad Premji in Amalner, Maharashtra, India. Originally, it was set up as a vegetable oil company named Western India Palm Refined Oils Limited. In 1966, Azim Premji took over the company's leadership after his father's death.
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The third-largest company in India, Bangalore-based Wipro Limited is an ever-growing and ever-diversifying global company that manufactures and sells products and services ranging from cooking oil and soaps to healthcare instruments and information technology (IT) consulting. Although Wipro's chairman and managing director Azim Hasham Premji is com...
Key Dates:1945:Wipro Limited is incorporated.1947:An oil mill and hydrogenated cooking medium plant is built; Wipro goes public in India, for roughly $30,000.1966:Founder M.H. Hasham Premji dies.Public CompanyIncorporated:1945Employees:12,000Sales:$662 million (2001 est.)Feb 28, 2022 · On October 19, as the company’s chairman Azim Premji rang the opening and closing bells at the NYSE, Wipro became the first Indian IT company and just the third from across sectors to list on the 183-year-old US exchange.
Jun 24, 2023 · Wipro was founded on December 29, 1945, by M.H. Hasham Premji, an Indian entrepreneur. The company initially operated under the name Western India Vegetable Products Limited and was based in Amalner, Maharashtra, India. M.H. Hasham Premji, a visionary leader, recognized the potential for growth and diversification beyond the vegetable oil business.
