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A tomorrow built on the promise of technology, and the progress of all. Where we can accelerate digital transformation, while transforming the ways we create meaningful impact.
Innovation has always been a focus for Wipro, and 2020 made that focus urgent, more critical. We moved quickly to help our customers, employees, and communities adapt to the pandemic.
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We began our business as a vegetable oil manufacturer in 1945 at Amalner, a small town in Western India and thereafter, forayed into soaps and other consumer care products. During the early 1980s, we entered the Indian IT industry by manufacturing and selling mini computers. In the 1990s, we leveraged our hardware R&D design and software development expertise and began offering software services to global clients. In 2013, we demerged the non-IT Diversified Businesses. With a track record of over 30 years in IT Services, we are, today, focused entirely on the global Information Technology business. Wipro is listed on National Stock Exchange and Bombay Stock Exchange in India and New York Stock Exchange in the US.
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The Spirit of Wipro is the core of Wipro. These are our Values. It is about who we are. It is our character. It is reflected consistently in all our behavior. The Spirit is deeply rooted in the unchanging essence of Wipro. It also embraces what we must aspire to be. It is the indivisible synthesis of the four values.
Agile & resilient processes ensured business continuity and employee safety.
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Thierry Delaporte assumes office as CEO and Managing Director of Wipro Limited.
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Q1’21 results reflect the resilience, while revenues were down 7.5% sequential CC, net profit remained flat YoY.
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Unveiling of our new strategy at Wipro’s first ever virtual Analyst Day.
Announced our largest deal ever in Continental Europe with Metro AG for a potential spend of $1 billion.
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Be a trusted partner to our clients
Deliver value to our clients as part of their transformation journey
Unwavering commitment to the society and communities
Accelerate growth
Strengthen clients and partnerships
Lead with business solutions
Build talent @ scale
Simplified operating model
Strategic Market Units (SMUs)
Global Business Lines (GBLs)
Financial capital
Intellectual capital
Human capital
Social and relationship capital
Natural capital
Contribute effectively to addressing the Climate Change Challenge: Achieve Net Zero GHG emissions by 2040 with an intermediate target of 55% reduction by 2030 for all the three Scopes 1,2 and 3
Maintain and enhance Wipro's workplace diversity and foster a culture of inclusion that protects human dignity and empowers employees: (i) Increase diversity of gender, ethnicity and persons with disability. Increase gender representation in senior leadership levels to 20% by 2025 (ii) Foster a companywide culture of inclusion
Strengthen and consolidate our deep engagement across the ‘Digital’ value chain: (i) Integrated value delivery for customers on Digital, AI, Data Analytics and Sustainability (ii) Build capacity in the academic
Contribute to societal progress and community wellbeing: Work in a focused manner on the dimensions of Education, Ecology and Primary Health Care; Support proximate communities in times of extreme crises
Build and maintain the highest standards of ESG governance at the board and executive levels: (i) Effective sustainability risk oversight (ii) Strong data privacy protection for stakeholders (iii) Rigorous and fair
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*majorly due to shift of work to offshore in pandemic
(volunteering or monetary contribution or both)
*Including partners for COVID-19 response
We complete 75 years since incorporation! This fabulous journey would not have been possible but
for the tireless efforts
of our employees, their dedication and inventiveness. They embody the true spirit of
Wipro!
Rishad A Premji, Chairman
Technology is at the core of business transformation, but talent remains the driving force. In the
new world of work, Wipro’s commitment is to our clients’ success, and to that of our employees, and
the larger community.
Thierry Delaporte, CEO
Our revenue increased by 1.5%. Our IT Services segment revenue increased by 2.0%. The revenue of all SMUs, except for Americas 2, grew during the year with growth led by Europe and APMEA.
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Intellectual capital is core to Wipro’s strategy. It creates value for the customers and drives sustained growth, differentiation, non-linearity, and profitability for wipro.
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We are committed to undertake a stakeholder inclusive governance approach and maintaining strong relationships with our stakeholders through transparent and effective communication.
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While the pandemic is putting to test human systems and resilience, we all have to put together intent and action on another epochal crisis staring at us - Climate Change.
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Cumulative skill, knowledge and diversity of thought of our employees
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The risk landscape in the current business environment is changing dynamically with the dimensions of Cyber security, Information Security and Business Continuity, Data Privacy and Large Deal Execution figuring prominently in the risk charts for most organizations in our sector
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This includes COVID-19 outbreak within the company’s premises, impacting employee safety and well-being.
It covers various federal, state, local and foreign laws relating to various aspects of the business operations and non- compliances can result in substantial fines, sanctions, etc.
This arises out of global disruptions like pandemic, natural disasters, IT outages, cyber security, terror attacks and unrest, power disruptions.
On account of increase in surface area of devices
In response to the COVID-19 pandemic, we initiated our business continuity program in March 2020 and facilitated our employees to work remotely/work from home.
(such as General Data Protection Regulation in Europe) relating to personal information dealt with both by and on behalf of Wipro increases the risk of non-compliance.
Risk of Protectionism policies impacting the business in that market.
Addressing employee health and safety requirements including both the physical and mental well-being
M&A is a key strategy for Wipro. The seamless and successful integration of the new entities into the larger organization is a key focus.
Violating or misusing our client's intellectual property rights or for breaches of third-party intellectual property rights or confidential information in connection with services to our clients can lead to reputational and financial risk.
Risk Management framework is implemented for large value deals to assess solution fitness, credit risks, financial risks, technology risks among other risk factors
Attracting, up-skilling and retaining talent is a key risk.
This is related to information dealt with both by and on behalf of Wipro and increases the risk of non-compliance.
See ‘Natural Capital’ section
