Shangliao Sun
Research expert covering India
Wipro - statistics & facts
Wipro Limited, initially abbreviated as West India Palm Refined Oils Limited, is a leading Indian technology services and consulting company. It was incorporated in December 1945 in Maharashtra, India. Initially, it was a manufacturer of vegetable and refined oils, and other related products, like wax and soap. In 1980, it started to diversify its business into the information technology sector.
Main business sectors
The company focuses on providing IT services, and IT products. Its revenue came predominantly from IT services, including digital strategy advisory, customer-centric design, consulting, infrastructure services, business process services, research and development, cloud, mobility and advanced analytics and product engineering. However, its primary revenue came from banking, financial services, and insurance sector, followed by the consumer and health sectors.Competitors and tech trends
The most successful Indian company in the IT segment was Tata Consultancy Services, a subsidiary of Tata Group. Another strong Indian competitor for Wipro in this segment is Infosys, a company headquartered in Pune. In order to endure the fierce competition, Wipro has been focusing on artificial intelligence, industry cloud intelligence, industry 4.0, 5G, edge computing, and sustainability. It has grown exponentially in a short period of time, and its IT services revenue has crossed the 10 billion U.S. dollar mark in financial year 2022.
