Wipro Ltd - (WIPRO)

Wipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. The company provides comprehensive IT Solutions and Services, including Systems Integration, Information Systems Outsourcing, IT Enabled Services, Package Implementation, Software Application development and maintenance, and Research and Development Services to corporations globally. They also provide Consumer Products, Lighting, Furniture, Eco Energy, Water treatment and Hydraulic business. The company is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, they are a leader in providing IT Solutions and Services for the corporate segment in India, offering System Integration, Network Integration, Software Solutions and IT Services. In the Asia Pacific and Middle East markets, they provide IT Solutions and Services for global corporations. The company is headquartered in Bangalore, India.The company provides the integrated business, technology and process solution on a global delivery platform to customers across Americas, Europe, Middle East and Asia Pacific, they offer business value to clients through process excellence and service delivery innovation such as Information Technology services, Product Engineering services, Technology Infrastructure services, Business Process Outsourcing services and consulting services.Wipro Ltd was incorporated in the year 1945 at Karnataka by Azim H Premji who is promoter and chairman of the company. The company started as a edible oil producer and then transformed themselves in into leading player in Fast Moving Consumer Goods and IT services & Products business. During the year 1994-95, the company secured ISO 9001 certification for their five manufacturing and development facilities.In February 2001, the company became the first software technology and services company in India to be certified for ISO:14001 certification for complying with the international standards for Environmental Management System (EMS) in three major software development and technology centers in Bangalore. Wipro Technologies won the Banker Technology Award for the year 2004 Instituted by the Financial Times in the Risk Management Award category. During the year 2005-06, the company acquired mPower Software Services Inc, a Princeton, New Jersey, US headquartered company with a development center in Chennai and MPACT Technology Services Pvt Ltd, based in Chennai, for an all cash consideration of USD 28 million. Also, they acquired New Logic Technologies AG, an Austrian firm which is mainly engaged in the semiconductor IP business and the Engineering Design Services business including the Analog Mixed Signal Business for an all cash consideration of Euro 26 million. The company received the BEST award from American society for training & development (ASTD) for three consecutive years 2004, 2005 and 2006. During the year 2006-07, the company acquired US based Quantech Global Services LLC and the India based Quantech Global Services Ltd for a cash consideration of approximately USD 3 million. They acquired US based CMango Inc and India based CMango India Pvt Ltd for cash consideration of USD 20 Million. They also acquired Finland based Saraware Oy Middle East and SAARC operations of 3D Networks and Planet PSG during the year.In their Consumer Care and Lighting business, the company acquired North-West Switches business from North- West Switchgear Ltd, a company in the business of switches, sockets, MCBs etc. for an upfront cash consideration of Rs 1,022 million. In the Infrastructure Engineering business, they acquired Hydrauto Group AB for a cash consideration of USD 31 million. The company in partnership with Motorola and formed a joint venture namely WMNETSERV Ltd for delivering world-class managed Services to telecom operators in the area of network operations.During the year 2007-08, as per scheme of amalgamation, Wipro Infrastructure Engineering Ltd, Wipro Healthcare IT Ltd, Quantech Global Services Ltd mPact Technology Services Pvt Ltd, mPower Software Services (India) Pvt Ltd and cMango India Pvt Ltd were amalgamated with the company with effect from April 1, 2007. The company in association with DAR Al-Riyadh Holding Co Ltd formed a joint venture namely Wipro Arabia Ltd, for providing application development, implementation and maintenance services, systems integration and data storage services in the Kingdom of Saudi Arabia.During the year, the company acquired 100% shareholding in Unza Holdings Ltd, a Singapore based Fast Moving Consumer Goods company together with their subsidiaries for an all cash consideration of approximately USD 246 million. They acquired US-based provider of IT infrastructure management, enterprise application and business process outsourcing services, for an acquisition price of about USD 600 million. They also acquired OKI Techno Centre Singapore Pte Ltd (now called as Wipro Techno Centre Singapore Pte Ltd) in an all cash deal of USD 2.5 million.During the year 2008-09, the company invested an aggregate of USD 432 million as equity, in their direct subsidiaries Wipro Cyprus Pvt Ltd, Wipro Holdings (Mauritius) Ltd, Wipro Inc and Wipro Technology Services Ltd. They also re-structured a few of their overseas subsidiaries and merged them with their holding company in the US. In January 2009, the company acquired Wipro Technology Services Ltd (formerly called as Citi Technology Services Ltd) for USD 127 million.During the year 2009-10, Wipro Networks Pte Ltd, Singapore and WMNETSERV Ltd, Cyprus were amalgamated with the company with effect from April 1, 2009. In August 2009, the company entered into partnership with Lavasa Corporation Ltd for planning, implementing and managing Information and Communication Technology services across Lavasa City. In October 2009, the company signed an agreement with Delhi International Airport Pvt Ltd and formed a joint venture company namely Wipro Airport IT Services Ltd. Also, Wipro GE Healthcare Pvt Ltd, the joint venture between the company and GE Healthcare, transformed their business by integrating several existing stand-alone business units and manufacturing plants of GE Healthcare in India under Wipro GE Healthcare Entity. In November 2009, the company signed an agreement to acquire the Yardley Brand business in Asia, Middle East, Australia and certain African markets from UK based Lornamead Group. In March 2010, they won a turnkey project from the Financial Intelligence Unit - India, Ministry of Finance, Government of India. As part of the project, the company will implement FiNnet (Financial Intelligence Network) for FIU-IND. In April 2010, the company signed a partnership agreement with Philips to offer Blu-ray middleware and solution development services around Philips developed Blu-ray technology. In May 2010, the company and Oracle Corporation launched a co developed solution, a Process Integration Pack (PIP) for the High Technology industry. This solution is part of Wipros offerings that provide a comprehensive solution footprint for the High Technology industry. They entered into a co-innovation agreement with SAP AG to develop and deliver sustainability management and energy management solutions to enterprise customers globally.In June 2010, the companys Business Process Outsourcing division partnered with Microsoft Corporation for providing global Legal Process Outsourcing (LPO) for Microsofts Intellectual Property (IP) portfolio. The company launched Wipro Hospitality Management Solution at HITEC 2010, the conference for the Hospitality and Leisure industry. In July 2010, the company in association with Lavasa Corporation Ltd and Cisco Systems Inc signed definitive agreements for Cisco to participate in MyCity Technologies Ltd to provide information and communications technology services in the new development of Lavasa City.In August 2010, the company entered into a five year agreement with ArcelorMittal, the steel company, to consolidate and migrate their messaging systems to the Microsoft Exchange 2010 messaging platform. In September 2010, the company signed five year strategic partnership with Central Bank of India for providing core banking solution for seven sponsored regional rural banks. The company will deliver business-IT alignment by deploying and implementing the core banking solution and the identified delivery channels seamlessly. They will also set up a 24 hour centralized helpdesk facility for the project covering applications, data center, networks, security and end user systems.During the year 2010-11, the company re-structured a few of their subsidiaries including overseas subsidiaries through merger/ other legal process. Wipro Yardley consumer care Pvt Ltd, a subsidiary company got merged with Wipro Ltd with effect from April 1, 2010, being the appointed date.In December 2010, the company signed a contract with Vodafone Essar. As a part of this strategic engagement, the company will support Vodafone Essar with its fixed line telecom services for enterprise business customers. Wipro will provide a wide range of services including network design and build, integration with existing IT OSS/ BSS applications and managed services if the setup over three years. In addition, Wipro will also build an Enterprise Network Operation Center to manage the operations of Vodafone Essars enterprise customers.In January 2011, the company and Callidus Software Inc entered into a partnership to drive sales performance management across organizations in the Asia-Pacific region. In May 2011, the company signed an agreement to acquire majority stake of Brazil based Hydraulic Cylinder manufacturer R.K.M. EQUIPAMENTOS HIDRAULICOS LTDA. In June 10, 2011, the company acquired the Commercial Business Services Business Unit of Science Applications International Corporation (SAIC).In 2012, Australia-based MMG Selects Wipro as Strategic Partner. Wipro Acquires L.D.Waxson with Skincare brands Bio-essence & Ginvera. Wipro Tech joined Car Connectivity Consortium (CCC) to develop smartphone-based connected-car solutions. Wipro Technologies and Oracle joined hands to offer next gen Oracle Fusion HCM solution. In a bid to capture the growth in fast emerging trade promotion industry, Indias third largest software exporter Wipro ltd has signed an agreement to acquire Promax Applications Group (PAG) for a total consideration of AUD 35 million. Wipro also Wins NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2012In 2013 wipro Wins NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2012. Wipro Launched Wipro AssureHealth Platform on Microsoft Technologies. Wipro also Wins 3 Year Contract from Emirates NBD. Wipro launches 3rd edition of its sustainability program for schools and colleges- earthian 2013. Wipro Launches Co-Innovation Center for SAP Solutions in Bangalore. Wipro Launches Mobility Center of Excellence with Kony in Hyderabad. Wipro Receives National Award for Empowerment of Persons with DisabilitiesIn 2014, Wipro Wins 2013 Global, Asian and Indian MAKE Awards. Wipro Wins Ten Year Integrated IT and BPO Contract from UK-based, Carillion Plc. Wipro Signs Partnership with AxiomSL. Wipro Wins Managed Services Contract from DEN Networks. Wipro Wins a Transformational IT Applications and Infrastructure Engagement with 7-Eleven in Australia. Wipro Wins a Strategic Ten Year Total Outsourcing Engagement with ATCO. Wipro Launches Global Customer Experience Center. Wipro Ranked Global Leader in Telecom R&D Services for the Third Consecutive Year. Wipro is Rated as a No.1 Global Engineering and R&D service provider by Zinnov.In 2015, Wipro wins $400m IT Infra Deal from swiss Giant ABB. Wipro is also Awarded Multi Year Strategic Infrastructure Management Contract by Allied Irish Banks. Wipro also joins together with Acquia for digital technology. Wipro signs an agreement with Nexenta. Wipro Wins 5-Year Strategic Engagement with Coop Norge Handel AS. Wipro also wins a 5 year IT contract from Coop Norge Handel AS. Wipro Wins 2015 Aegis Graham Bell Award for Innovation in IoT. Wipro Business Process Services Launches enterprise-Know Your Customer (e-KYC) Automation Solution for Financial Institutions.