Who Owns Wipro?
Wipro is the brand of Wipro Limited, a publicly traded Indian technology services company listed on the NYSE under ticker WIT and on Indian exchanges as WIPRO. Founded in 1945 and headquartered in Bengaluru, the company is majority controlled by the Premji family. It reported $10.5 billion in IT services revenue for fiscal 2026 and employs approximately 240,000 people.
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Who Owns Wipro?
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History of Wipro
- Founded: 1945
- Founders: Mohamed Premji
The name began as an oil company. Mohamed Premji founded Western India Vegetable Products in Amalner, Maharashtra, in 1945, making hydrogenated cooking oil. Azim Premji took over in 1966 at age 21 after his father's death.
Premji diversified the brand into soaps and consumer goods through the 1970s, then made the decisive move in the early 1980s: entering computer manufacturing after IBM left India, then software services as the offshore model emerged. The Wipro name gradually shifted meaning from consumer products to technology.
A NYSE listing in 2000 made it one of the first Indian IT companies visible to global investors. Through the 2000s the brand became synonymous with Indian outsourcing, competing with TCS and Infosys for global enterprise contracts.
The 2013 demerger split the brand's two identities: consumer products went to private Wipro Enterprises, while Wipro Limited became a pure IT services and consulting company. Under CEO Srinivas Pallia since 2024, the brand is repositioning around AI with its Wipro Intelligence platform suite and a services-as-software delivery model.
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About
What does Wipro do?
Wipro sells IT services, consulting, and outsourcing to large enterprises. Its work covers application development, cloud and infrastructure management, cybersecurity, and business process services across 65 countries.
Is Wipro publicly traded?
Yes. Wipro trades on the NYSE as an ADR under ticker WIT and on Indian exchanges as WIPRO on the NSE and 507685 on the BSE. The Premji family controls about 73 percent of shares.
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Who founded Wipro?
Mohamed Premji founded the company in Amalner, Maharashtra, in 1945 as a vegetable oil manufacturer. His son Azim Premji took over in 1966 and transformed it into an IT services company.
What is Wipro's revenue?
For fiscal 2026, ended March 31, 2026, Wipro reported gross revenue of INR 926.2 billion and IT services segment revenue of $10.5 billion.
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Is Wipro the same company as Wipro soaps?
Not exactly. The consumer products business, including soaps and Santoor, was demerged in 2013 into Wipro Enterprises, a separate private company. Wipro Limited is purely an IT services and consulting business.
- Founded:
- Headquarters:
- Company Type: Privately Held
Where Is Wipro Made / Based?
- Headquarters: Bengaluru, Karnataka, India
Wipro Categories & Tags
Wipro Sustainability & Ethics
The brand has one of the longer-running sustainability programs in Indian business, with a science-based net-zero operational target, CDP reporting, and consistent inclusion in the Dow Jones Sustainability Index and Ethisphere's World's Most Ethical Companies list. Its integrated annual report discloses workforce, emissions, and governance metrics.
Wipro Ownership: Pros & Cons
Advantages
- +Promoter control provides stable long-term strategy
- +Top-tier position in the Indian IT services export market
- +Strong balance sheet and near 88 percent earnings payout
- +Deep Fortune-scale client relationships
- +Established global delivery infrastructure
Considerations
- -Growth has trailed TCS, Infosys, and HCLTech recently
- -AI productivity pressures traditional billing economics
- -73 percent promoter holding limits float and influence
- -Brand confusion with separate Wipro Enterprises consumer goods
- -Margin pressure from Indian IT wage cycles
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Frequently Asked Questions About Wipro
Sources & Further Reading
- Wipro,
- Wipro Limited company profile, /companies/wipro
- Wipro investor relations,
- NYSE: WIT,
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Competitors to Wipro
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Cognizant | USA | 1994 | Mass market | Global | All Genders | |
| Dxc Technology | USA | 2017 | Mass market | Global | All Genders | |
| Epam | United States | 1993 | Mass market | Global | All Genders | |
| Infosys | India | 1981 | Market leader | Global | All Genders | |
| Capgemini | France | 1967 | Market leader | Global | All Genders | |
| Globant | Argentina (operational) | 2003 | Mass market | Global | All Genders |
Learn More About Competitors
Technology SoftwareCognizant
Owned by Cognizant Technology Solutions Corporation
Global IT services and consulting brand of Cognizant Technology Solutions, serving enterprise clients across health sciences, financial services, products, and communications.
technologyit-servicesconsulting
Technology SoftwareDXC Technology
Owned by DXC Technology Company
The global IT services brand of DXC Technology Company, formed by the 2017 merger of CSC and HPE Enterprise Services.
it-servicesoutsourcingconsulting
Technology SoftwareEPAM
Owned by EPAM Systems, Inc.
Digital engineering and IT services brand of EPAM Systems, Inc. (NYSE: EPAM), a Pennsylvania-headquartered consultancy reporting $5.46 billion in 2025 revenue.
it-servicessoftware-engineeringconsulting
Technology SoftwareInfosys
Owned by Infosys Limited
India's second-largest IT services brand providing consulting, outsourcing and digital transformation to enterprises across 50+ countries.
it-servicesoutsourcingconsulting
Technology SoftwareCapgemini
Owned by Capgemini SE
Global IT services and consulting brand, Europe's largest technology services provider with 340,000 employees and 22 billion euros revenue.
it-servicesconsultingdigital-transformation
Technology SoftwareGlobant
Owned by Globant S.A.
Digital transformation and IT services brand of Globant S.A. (NYSE: GLOB), an Argentine-rooted tech company reporting $2.45 billion in 2025 revenue.
it-servicesdigital-transformationsoftware-engineering
Competitive Analysis
Market Positioning: Wipro competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Wipro
Looking for brands with different ownership structures? These similar brands are independently owned or have different parent companies, giving you alternative choices that support different corporate structures.
Technology SoftwareCognizant
Owned by Cognizant Technology Solutions Corporation
Global IT services and consulting brand of Cognizant Technology Solutions, serving enterprise clients across health sciences, financial services, products, and communications.
technologyit-servicesconsulting
Publicly Traded
Cognizant operates independently without a large parent corporation.
Technology SoftwareCS Outsource
Owned by CS Outsource
Virtual assistant staffing brand headquartered in New York, providing managed outsourced teams for real estate, property management, and home services businesses. Founded in 2021.
virtual-assistantsoutsourcingstaffing
Privately Owned
CS Outsource is privately owned, unlike Wipro which is under a publicly traded parent company.
Technology SoftwareDXC Technology
Owned by DXC Technology Company
The global IT services brand of DXC Technology Company, formed by the 2017 merger of CSC and HPE Enterprise Services.
it-servicesoutsourcingconsulting
Publicly Traded
DXC Technology operates independently without a large parent corporation.
Technology SoftwareEPAM
Owned by EPAM Systems, Inc.
Digital engineering and IT services brand of EPAM Systems, Inc. (NYSE: EPAM), a Pennsylvania-headquartered consultancy reporting $5.46 billion in 2025 revenue.
it-servicessoftware-engineeringconsulting
Publicly Traded
EPAM operates independently without a large parent corporation.
Technology SoftwareGallup
Owned by Gallup, Inc.
American analytics and advisory brand known for the Gallup Poll, employee engagement research, and the CliftonStrengths assessment. Employee-owned and based in Washington, DC.
pollinganalyticsconsulting
Privately Owned
Gallup is privately owned, unlike Wipro which is under a publicly traded parent company.
Technology SoftwareIDEO
Owned by IDEO
Global design and innovation consulting firm that popularized design thinking, headquartered in San Francisco, California.
design-thinkinginnovation-consultingproduct-design
Privately Owned
IDEO is privately owned, unlike Wipro which is under a publicly traded parent company.
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