WIPRO Company Profile
WIPRO was initially known as Western India Vegetable Products Ltd, and was started by Mr.M.H Premji. The company manufactured vegetable oil, vegetable ghee and laundry soap.In 1966, upon the sudden demise of M.H. Premji, his son, Mr. Azim Hasham Premji, a 21 year old student of engineering at Stanford University, had to takeover his fathers business. He worked very hard to diversify and expand, WIPRO. The business diversified into fluid power, soaps, toiletries, lighting and baby care products, and distribution was considerably expanded.
The Infotech era began in the late seventies and WIPRO set up its IT business in Bangalore in 1980. WIPRO became the No.1 listed company in the country in just 15 years. In reorganization, the firm went public with WIPRO Technologies, the global IT services subsidiary, whose gross income grew by 65 percent to reach ` 1042 crore ($240 million).WIPROS technology divisions, global R&D and telecom solutions contributed 46 percent of the software revenue, and the balance was accounted for by enterprise solutions business. E commerce contributed 15 percent of enterprise solutions revenue for the year. Sales and other incomes of the second division, Wipro InfoTech, the Indian IT services and products business that takes care of networking solutions, customer services, computers and peripherals, grew by 20 percent to ` 825 crore.