Wipro Limited is a global information technology, consulting, and business process services company, headquartered in Bengaluru, India. The company stands as the fourth largest Indian player in the global IT services industry, positioned behind TCS, Infosys, and HCL Technologies. Wipro's comprehensive service portfolio includes cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other cutting-edge technologies, with operations spanning across 167 countries.
With a rich heritage dating back to 1945, Wipro was originally incorporated as Western India Vegetable Products Limited by MH Hasham Premji, initially operating as a manufacturer of cooking oils. The company underwent significant transformation under the leadership of Azim Premji, who took over as chairperson in 1966 at the age of 21 following his father's death. The company evolved through strategic name changes, becoming Wipro Products Limited in 1977 and finally Wipro Limited in 1982.
As of recent market data, Wipro maintains a substantial market capitalization of ₹2,83,075 Crore. The company's equity shares have been listed on the Bombay Stock Exchange since 1946 and the National Stock Exchange of India, where it is a constituent of the NIFTY 50. Additionally, the company's American Depositary Shares are listed on the New York Stock Exchange since October 2000.
The company's recent financial performance demonstrates steady growth momentum. For the quarter ended December 31, 2024 (Q3 FY25), Wipro reported net income of ₹33.5 billion ($392.0 million), marking a 4.5% quarter-over-quarter increase and a significant 24.5% year-over-year growth. Earnings per share reached ₹3.21 ($0.041), showing a 4.6% QoQ increase and 24.4% YoY growth.
* Revenue: Gross revenue at ₹223.2 billion ($2,608.9 million), with a 0.1% QoQ increase and 0.5% YoY growth.
* IT Services Margin: 17.5% operating margin, representing a 0.7% QoQ increase and 1.5% YoY improvement.
* Large Deal Bookings: $961 million in large deal bookings, showing 6.0% YoY growth in constant currency.
* Operating Cash Flow: ₹49.3 billion ($576.4 million), achieving 146.5% of net income for the quarter.
Wipro operates with nearly 240,000 employees and business partners across 65 countries, delivering comprehensive technology solutions and consulting services. The company recently announced a strategic realignment of its Global Business Lines (GBLs) effective from April 1, 2025, to better align with clients' evolving business needs and capitalize on emerging technology opportunities driven by AI, cloud, and digital transformation.
The restructured business lines include:
* Technology Services: Led by Nagendra Bandaru, this segment delivers cloud-enabled and industry-specific technology solutions, focusing on Digital and Industry Cloud, Cyber Security and Risk Services, Cloud and Infrastructure Services, Data, Analytics and AI, Enterprise Applications, and Designit.
* Business Process Services: Under Jasjit Singh Kang's leadership, this division concentrates on digital operations and business process transformation.
* Consulting Services: Led by Amit Kumar, this segment provides strategic advisory and transformation services.
* Engineering: Headed by Srikumar Rao, continuing to provide engineering and R&D services.
Under the leadership of CEO and Managing Director Srini Pallia, Wipro has demonstrated strong execution capabilities, delivering above guidance expectations while achieving the highest margins in three years. The company closed 17 large deals with a total value of $1 billion during Q3 FY25, reflecting its commitment to advancing steadily and investing decisively to lead clients in an AI-driven future.
Chief Financial Officer Aparna Iyer highlighted the company's margin expansion for a fourth consecutive quarter, enabling achievement of the previously stated target margin of 17.5%, with EPS growing 24.4% year-over-year.
Wipro has earned significant industry recognition across multiple domains. The company was named a Leader in IDC MarketScape for Worldwide Cloud Security Services in the AI Era 2024-2025, classified as a Leader in Everest Group's Data and Analytics Services PEAK Matrix Assessment 2024, and positioned as a Leader in IDC MarketScape for Worldwide Industry Cloud Professional Services 2024.
Wipro has been recognized as a Top Employer by the Top Employers Institute in 13 countries across Asia Pacific, America, and Europe, ranking as the #1 Top Employer in Germany, France, Romania, Switzerland and Europe, #2 in Canada, Poland, the Netherlands and the United Kingdom, and #3 in the United States.
As of March 2024, the promoter group headed by Azim Premji held a 72.88% stake in the company, while the remaining shares were distributed among public shareholders and an employee trust. More recent data shows promoter holding has slightly decreased to 72.67% as of June 2025 from 72.79% as of December 2024.
The company continues to demonstrate strong operational performance while maintaining its strategic focus on digital transformation, AI-powered solutions, and consulting-led services. As stated by CEO Srini Pallia, "This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions," positioning Wipro to deliver tailored, high-impact transformation services to its global client base.
