Wipro
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Description
Wipro
Limited (Western India Palm Refined Oils Limited or more recently, Western
India Products Limited) is an Indian Multinational Information Technology
Services corporation headquartered in Bangalore, India.
In 2013,
Wipro demerged its non-IT businesses into a separate companies to bring in more
focus on independent businesses. As of Dec 2015, Wipro's market capitalization
was $45 Billion, making it one of India's largest publicly traded companies and
seventh largest IT Corporation in the World.
The company
was incorporated on 29 December 1945, in Mumbai by Mohamed Premji as 'Western
India Palm Refined Oil Limited', later abbreviated to 'Wipro'. It was initially
set up as a manufacturer of vegetable and refined oils in Mumbai, Maharashtra,
India under the trade names of Kisan, Sunflower and Camel. The company logo
still contains a sunflower to reflect products of the original business.
Wipro
Limited is a global company provider of comprehensive IT solutions and
services, including Systems Integration, Consulting, Information Systems
outsourcing, IT-enabled services, R&D services, re-seller of desktops,
servers, notebooks, storage products, networking solutions and packaged
software for international brands.
In 1966,
after Mohamed Premji’s death, his son Azim Premji returned home from Stanford
University and took over Wipro as its chairman at the age of 21.
The year
1980 marked the arrival of Wipro in the IT domain. In 1982, the name was
changed from Wipro Products Limited to Wipro Limited. Meanwhile, Wipro
continued to expand in the consumer products domain with the launch of
"Ralak" a tulsi-based family soap and "Wipro Jasmine", a
toilet soap.


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