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October 2000
- Among the big 5 firms, first off the mark had been Infosys in 1999 which chose NASDAQ, the newer of the US exchanges. But it was Wipro’s debut on the New York Stock Exchange (NYSE) in October 2000, that marked the coming of age of Indian IT.
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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In the 1980s, recognizing opportunities in computer hardware and software, the company established subsidiaries Wipro Infotech and Wipro Systems. In 1981, Wipro developed the first Indian minicomputer based on the Intel 8086 chip in an IISc lab.
Older than independent India, Wipro took its first breath in the aftermath of World War II in 1945. From a traditional, family-run business, it grew into a professional, diversified, global corporation, revered the world over for its integrity and purpose.
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.
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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.
- Sundeep Khanna
Jun 19, 2023 · By Marcus Law. June 19, 2023. 4 mins. First founded in 1945, today Wipro is a leading technology services and consulting. We look at the history of Wipro Ltd, from its roots as a vegetable oil manufacturer to the leading technology services and consulting company it is today.
Founding and Early Years. 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.
