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.

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.

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.

Mohamed Premji founded Western India Vegetable Products Limited in Amalner in December 1945, producing hydrogenated cooking oil. His son Azim Premji left Stanford in 1966 after his father's death and took control of the company at 21.

Through the 1970s Premji diversified into soaps and consumer products. When IBM exited India in 1977 over foreign ownership rules, Wipro entered computer manufacturing, becoming one of the country's first domestic hardware makers. Software services followed in the 1980s and 1990s as the offshore outsourcing model emerged.

Wipro listed on Indian exchanges early and added a NYSE American Depositary Receipt listing in October 2000. Through the 2000s it rode the outsourcing boom, growing revenue roughly tenfold across the decade and competing head-on with TCS and Infosys for global enterprise contracts.

The 2010s brought portfolio restructuring. In 2013 Wipro demerged its consumer care, lighting, furniture, and infrastructure engineering businesses into Wipro Enterprises, a separate private company also controlled by the family. Wipro Limited became a pure IT services business.

CEO turnover marked the following decade: TK Kurien, Abidali Neemuchwala, Thierry Delaporte, and, since April 2024, Srinivas Pallia, a 30-year company veteran. Rishad Premji, Azim's son, has been executive chairman since 2019. In 2021 Wipro completed its largest acquisition, buying London-based financial services consultancy Capco for approximately $1.45 billion.

Fiscal 2026 results showed gross revenue of INR 926.2 billion, up 4 percent in rupee terms, though IT services revenue of $10.5 billion declined slightly in constant currency. Large deal bookings rose 45 percent to $7.8 billion as clients consolidated vendors, and the company began repositioning toward what it calls a services-as-software model built around AI.

Wipro is a long-standing ESG reporter with a science-based net-zero target for its operations and a well-documented sustainability program dating to the early 2000s. It reports through CDP, publishes an integrated annual report, and consistently appears in sustainability indices including the Dow Jones Sustainability Indices. Its governance and social profile is reinforced by the Premji Foundation's education work, though the foundation is a separate entity.

Wipro has been named to the Ethisphere World's Most Ethical Companies list repeatedly and is a regular on the Dow Jones Sustainability Index and CDP leadership lists. It is certified as a Great Place to Work in multiple geographies and ranks on the Forbes Global 2000 list of public companies.

Wipro has navigated periodic scrutiny common to the outsourcing sector: US visa and labor rules affecting its delivery model, and isolated employee conduct and billing disputes over the years. It settled a long-running US SEC matter in 2016 over books and records issues related to a prior embezzlement incident, paying a modest civil penalty. No material current regulatory proceedings are on record.