Wipro

The company was incorporated on December 29, 1945, under the Indian Companies Act of 1913 as Western India Vegetable Products Limited, starting out as a vegetable oil manufacturer in Amalner, Maharashtra; it initially made hydrogenated vegetable oil and later expanded into soaps and other consumer care products. In 1946, it made its initial public offering of shares in India.⁠[1][1][2][1]

In September 1968, Azim H. Premji became the company’s chairman and managing director; he holds a degree in electrical engineering from Stanford University. Under his leadership, a small cooking fat company grew into an $8.5 billion revenue group in IT, consulting and business process services with a presence in more than 50 countries.⁠[2][2][3]

In the late 1970s and early 1980s, under Premji’s leadership, the company expanded into the Indian IT industry, and in 1985 it began selling personal computers in India; in the 1990s it drew on its hardware expertise to begin offering software services to clients worldwide. By fiscal 2001, IT businesses generated 95% of the company’s operating income, with Global IT Services at 84% and Indian IT Services and Products at 11%, the rest coming from consumer care, lighting and other businesses.⁠[1][1][1][2][2]

In October 2000, the company made its initial U.S. public offering of American Depositary Shares, listed on the New York Stock Exchange, raising about $131 million; each ADS represents one equity share. As of 2026, the company remains listed on the National Stock Exchange of India, BSE and the New York Stock Exchange, and is a constituent of the Nifty 50 index.⁠[2][2][1]

In the 2000s, the company’s IT business expanded significantly by winning new clients, deepening existing relationships and acquiring capabilities in emerging technologies and assets abroad. In August 2007, it acquired Infocrossing, then a U.S.-listed company, expanding its U.S. business; in November 2009 it acquired Lornamead, a Dubai personal care products company; and in April 2011 it acquired the global oil and gas IT practice of Science Applications International Corporation (SAIC).⁠[1][4][4][4]

Around fiscal 2010, the audit committee and the company’s auditor, KPMG India, investigated whether financial relationships, business transactions or loans existed between members of KPMG India’s audit team and Wipro that could compromise independence; KPMG India concluded it did not lack independence, and the audit committee concurred. The enforcement division of the U.S. Securities and Exchange Commission then asked the company to provide, voluntarily, information on auditor independence and on accounting entries related to exchange rate fluctuation and outstanding liability accounts, and later issued a formal order of investigation that extended to internal financial controls and books and records; the company said it was cooperating fully.⁠[5][5][4][4][4][4][6]

In fiscal 2017, the company settled with the SEC without admitting or denying allegations that it had violated certain provisions of the Securities Exchange Act of 1934, agreeing to pay a $5 million civil penalty, cease and desist from violations and take follow-up actions; the SEC acknowledged the company’s cooperation and remedial measures.⁠[7][7][7][7]

In February 2011, T. K. Kurien, a chartered accountant who had worked at the company since February 2000, became chief executive officer of the IT business and an executive director.⁠[4][4]

On March 31, 2013, with the approval of the High Court of Karnataka, the company demerged its consumer care and lighting, infrastructure engineering and other non-IT businesses into Wipro Enterprises Limited (formerly Azim Premji Custodial Private Limited), with shareholders receiving either securities of the new company or the equivalent value in additional Wipro shares; Wipro has since focused on IT. From fiscal 2009 to fiscal 2013, revenues from continuing operations grew from 227.735 billion rupees to 374.256 billion rupees (about $6.865 billion).⁠[8][8][8][8][1][8]

On February 1, 2016, Abidali Z. Neemuchwala, group president and chief operating officer since April 2015, became chief executive officer and executive director. Around this time the company acquired cloud services firm Appirio (including the crowdsourcing platform Topcoder), U.S. health insurance technology and business process services provider HealthPlan Services, German-speaking-region IT consultancy Cellent and design firm Designit.⁠[7][7][7][7][7][7][7]

In fiscal 2017 (April 2016 to March 2017), the company completed the sale of its EcoEnergy division for 4.670 billion rupees, recording a net gain of 4.082 billion rupees as other operating income; operating income for the year fell from 96.860 billion rupees to 93.879 billion rupees.⁠[7][7][7]

On February 22, 2019, shareholders approved a bonus issue in the ratio of 1:3 (one bonus share for every three held), and the company’s earnings per share for prior periods were adjusted accordingly.⁠[3]

Effective March 31, 2019, the company sold its Workday and Cornerstone OnDemand business to Alight Solutions (with the Portugal, France and Sweden portions completed on May 31), and in the same period sold its data center services business to Ensono.⁠[3][3][3]

Azim H. Premji retired as executive chairman and managing director on July 30, 2019, remaining as a non-executive director with the title “Founder Chairman”; his son Rishad A. Premji, a director since May 2015 and previously chief strategy officer, became executive chairman on July 31. Neemuchwala also became managing director from that date. Azim Premji established the Azim Premji Foundation and related entities, which work on improving public school education in India among other causes.⁠[3][9][9][9][9][3][3]

On July 6, 2020, Thierry Delaporte, who had worked at Capgemini since 1995 and was its chief operating officer from September 2017 to May 2020, became chief executive officer and managing director.⁠[9][9]

On April 29, 2021, the company completed its acquisition of Capco, a management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and Asia Pacific, paying upfront cash consideration of 108.76 billion rupees funded by borrowings and cash; that year it also acquired Australian cybersecurity services provider Ampion. In fiscal 2022, acquisitions completed during the year contributed 72.73 billion rupees in revenue.⁠[9][9][9][10]

As of March 31, 2022, Wipro Ventures, the company’s strategic investment arm, managed 19 direct investments and had invested in eight enterprise-focused venture funds: B Capital, Boldstart Ventures, Glilot Capital Partners, Nexus Venture Partners, Sorenson Ventures, SYN Ventures, TLV Partners and Work-Bench Ventures.⁠[10][10]

On April 6, 2024, Delaporte resigned as chief executive officer and managing director, leaving on May 31; the board that day appointed Srinivas Pallia, a Wipro veteran of more than three decades who had been CEO of the Americas 1 strategic market unit, as chief executive officer and managing director for five years effective April 7. As of March 31 of 2022, 2023 and 2024, the company and its subsidiaries had more than 240,000, 250,000 and 234,000 employees, respectively. In fiscal 2024, the company bought back 269,662,921 shares at 445 rupees each, for a total cash outflow of 145.173 billion rupees (about $1.742 billion, including buyback tax).⁠[11][11][11][11][1][1][11]

On December 1, 2025, the company, through its subsidiaries, acquired all of Harman Connected Services (HARMAN’s DTS business unit), renamed Wipro Connected Services, to strengthen its digital and engineering R&D capabilities.⁠[1][1]

In fiscal 2026 (ended March 31, 2026), the company had revenues of 926.240 billion rupees (about $9.871 billion at the convenience translation rate in its Form 20-F; annual revenue of $10.5 billion on its website’s basis), and more than 240,000 employees as of March 31, 2026, about 38,000 of them outside India. At the time its 2026 annual report was filed, the company was not party to any pending legal proceedings that could have a material impact on its financial position. As of October 2026, Rishad A. Premji is executive chairman, Srinivas Pallia is chief executive officer and managing director, and Azim H. Premji is founder chairman; 66% of the company’s economic interest is vested in philanthropy.⁠[1][12][1][1][1][1][12]

On October 8, 2026, at a White House anti-fraud task force press conference, U.S. Labor Secretary Keith Sonderling, citing criminal investigations led by Labor Department Inspector General Anthony D’Esposito, announced the suspension of Cognizant, InfosysInfosysInfosys (Infosys Limited) is an information technology services and consulting company headquartered in Bengaluru, India, founded in 1981 by N. R. Narayana Murthy and six others. Listed on Indian stock exchanges and the New York Stock Exchange, it had revenues of $20.158 billion in fiscal 2026 and more than 328,000 employees, and is one of India’s major information technology services companies.Open the full entry, Tata, Wipro, HCL and Capgemini from the Permanent Labor Certification (PERM) program, as well as Microsoft and Adobe; the Department would not accept or process any new or pending applications involving these companies. PERM is a prerequisite for most employment-based green card petitions, and the measure does not cancel existing H-1B visas.⁠[13][13][13][13][14][14]

Sonderling said that since 2009 these companies alone had requested almost three million foreign workers and received more than 230,000 H-1B visa approvals and more than 100,000 permanent labor certifications. As of that day, prosecutors had brought no criminal charges in the labor investigation, and Wipro did not immediately respond to a request for comment from ReutersReutersReuters is an international news agency founded in London in 1851 by Paul Julius Reuter and is now the news business of Thomson Reuters. It provides text, photo, video, and graphics coverage to media and institutional clients and distributes it through channels such as Reuters Connect.Open the full entry. Wipro filed 257 PERM applications in 2024, of which 169 were denied and 88 withdrawn, and 523 in 2025.⁠[13][13][15][15][16]

On October 13, Wipro filed a statement with BSE saying the Department of Labor’s suspension related to a specific permanent residency pathway, distinct from broader skilled talent mobility programs such as the H-1B visa, and that it did not anticipate any material business impact; it said it had pursued a localization strategy in the United States for years, with more than 80% of its U.S. workforce hired locally, and would continue to invest in local talent, comply with U.S. laws and ensure business continuity for clients.⁠[17][17][17][17]

Wipro: Official website: https://www.wipro.com/ (opens in a new window).⁠[18]