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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
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.
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.
Apr 3, 2024 · In February 2002, Wipro became the first Indian provider of software technology and services to achieve ISO 14001 certification. By 2004, the company’s market capitalization exceeded $1 billion, prompting its expansion into the energy sector. Azim Premji, in acknowledgment of his contributions, was honored with the Padma Bhushan Award in 2005 ...
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.
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.
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With its solid reputation in these businesses, deep ties with major world companies, and newly opened offices including the United Kingdom, Germany, Paris, Singapore, the Middle East, and the United States, Wipro promised to quickly become a true multinational corporation.
