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WIPRO Full Form
2024-03-13 06:48:27

WIPRO Full Form

Introduction:

“WIPRO is abbreviated as Western India Palm Refined Oils Limited.”

WIPRO is a global enterprise offering business process outsourcing, and consulting, including information technology services. M. H. Premji established Western India Vegetable Products Limited in 1945 as a producer of refined along with vegetable oils, and has subsequently changed its name many times. The company’s present name, WIPRO, does not represent anything and is not an acronym. It is only the abbreviated form of the business’s original name. Having its main office in Bangalore, India, Wipro is a private limited global provider of IT consulting along with system integration services. It was founded originally as a maker of sunflower oil as well as vegetables, but it now offers IT consulting, consumer care, integration of systems, healthcare, lighting, and other services. It is among India’s leading IT businesses. Additionally, Wipro provides clients in more than 160 countries with a variety of services, such as digital transformation, computer security, cloud computing, robotics, artificial intelligence, and data analytics.

History of WIPRO company:

Wipro Limited is a global enterprise offering business process outsourcing, consulting, along with information technology services. M. H. Premji established Western India Vegetable Products Limited in 1945 as a producer of refined and vegetable oils. This company was renamed Wipro Products Limited in 1966, and its present acronym, Wipro, became official in 1977.

Wipro has grown into a number of industries throughout the years, which includes business process outsourcing, consulting, and information technology. In order to expand, the company has also completed a number of acquisitions. These include the purchases of managed services provider Infocrossing in 2007, semiconductor design company NewLogic during 2002, as well as business process outsourcing organization Spectramind in 2000.

Mohamed Hasham Premji founded WIPRO on December 29, 1945, initially as a sunflower oil plant in the Maharashtra district of Jalgaon, a tiny village called Amalner. Azim Premji, who is the current CEO of Wipro, is the son of Mohamed Hasham Premji. Following his father's passing, Azim Premji assumed control of the company and saw it grow to great heights. With effect from March 31, 2013, he demerges its non-IT operations into a distinct entity called Wipro Enterprises Limited in order to concentrate on its core IT business.

Wipro is a multinational corporation that employs over 160,000 people and is present in more than 50 countries. Its main office is located in Bangalore, India, and it is traded on both the National Stock Exchange of the country and the Bombay Stock Exchange.

Mission of WIPRO:

  1. An Indian multinational company called Wipro offers business process outsourcing, consulting, as well as information technology services. The following is Wipro's vision statement, taken from the business website:
  2. “Our goal is to support our clients to accomplish their business goals by combining innovative service delivery, quality frameworks, and process of excellence.”
  3. Put another way, Wipro's purpose is to assist its clients in achieving their objectives and improving their companies through providing the outstanding services.

Vision of WIPRO:

The WIPRO company’s main objective, as stated on the Wipro website, is to “be a highly regarded company with a global reputation for offering the greatest goods, services, and solutions, as well as the most reliable partner to every one of its stakeholders.”

Functions and Organization Structure of WIPRO:

  1. IT Services: Wipro offers their clients to the variety of IT services, such as infrastructure management, maintenance, testing, application development, and support, including services related to digital transformation.
  2. Consultancy services: Wipro's staff of consultants assists businesses in designing, implementing, and refining their systems, technologies, as well as business procedures.
  3. Business Process Services: Wipro offers its clients a variety of business process services, such as supply chain management, support for clients, finance, and accounting.
  4. Product Engineering Services: Product engineering is an area of specialization for Wipro. It entails designing and creating products for customers in a range of sectors, which include healthcare, aerospace, and automotive.
  5. Outsourcing services: Wipro assists businesses in outsourcing a range of tasks and procedures in order to minimize expenses and boost productivity.
  6. Research & Development services: Wipro places a high priority on this area and has several centers specialized in creating innovative technologies and services for their customers.

Significant acquisitions of WIPRO:

Since it was established in 1945, the company has acquired a number of businesses. Here are some of the significant purchases that Wipro has made:

  • A prominent supplier of contact center together with customer relationship management (CRM) services in India, Spectramind was purchased by Wipro in 2002.
  • Infocrossing, a United States headquartered supplier of IT services and outsourcing, was purchased by Wipro in 2007.
  • Wipro purchased Cornish & Carey, which is a UK-based consultancy business, in 2009.
  • The consumer care department of SaraLee was bought by Wipro in 2010 and subsequently renamed as Wipro Consumer Care and Lighting.
  • Wipro purchased Opus Group, which is an Australian provider of IT services, in 2011.
  • Capgemini Denmark, which is a Danish provider of IT services, was purchased by Wipro in 2012.
  • Wipro purchased HealthPlan Services during 2015, a US-based supplier of technology-enabled products and services to the health insurance market.
  • Wipro purchased a US-based company, which is cloud consulting and services provider Appirio, in 2016.
  • The supplier of back-office along with middle-office solutions to the financial services sector, Viteos Group, was purchased by Wipro in 2017.
  • During 2018 Wipro buy Design and Co., which is an Australian consulting business.

Globalization of WIPRO:

  1. Wipro purchased California-based technological business cMango in an all-cash transaction in 2006.
  2. In 2012, Wipro struck an all-cash A$35 million acquisition with Promax Applications Group, an Australian analytical start up.
  3. Wipro paid €85 million during 2015 to acquire the Danish design agency Designit.
  4. Wipro and cloud services consultant Appirio struck a $500 million deal in 2016.
  5. 2019 saw Wipro acquire Splash Corporation, which is a personal care business in the Philippines.
  6. Wipro purchased Rational Interaction, which is a digital customer experience company with headquarters in Seattle, in 2020.
  7. Capco is a multinational management and technological consultancy that specializes in guiding digital transformation in the field of financial services. Wipro purchased Capco in 2021. Wipro agreed to take Ampion on board in exchange for $117 million in cash.
  8. Wipro agreed upon a deal in 2022 to purchase Rizing Intermediate Holdings, which is a Systems Applications & Products (SAP) consultancy business with its headquarters located in Stamford, Connecticut.

Employees of WIPRO company:

With more than 160,000 workers, Wipro is a multinational information technology, consultancy, as well as a outsourcing company. Wipro offers a broad range of services for clients across a variety of industries, such as manufacturing, retail, healthcare, and finance, involving IT consulting, managed services, integration of systems, and outsourcing. Wipro employs experts in business planning, sales, and marketing, in addition to a large number of people in IT-related positions. Wipro employs people from a wide range of professional and cultural backgrounds, in addition the company is present in many different nations.

Recognitions and rewards received by WIPRO:

WIPRO has won several awards as well as recognitions regarding its efforts to corporate responsibility, innovation, along with sustainability. Several awards and honors that Wipro has been received which includes:

  1. Forbes Global 2000: Wipro continues to maintain a constant position among the biggest and most influential public firms globally, as listed in the list published by Forbes in 2000.
  2. Fortune India 500: Based on its sales, earnings, and market value, Fortune India 500 rates its firms, with Wipro being one of the top performers.
  3. Excellent Workplace: Wipro has received praise for being a wonderful place to work from a number of groups, including the wonderful Place for Work Institute, all of which placed the company as the ninth-best place in order to work in India for 2020.
  4. Corporate Social Responsibility: Wipro has received praise for its CSR initiatives, and the Dow Jones Sustainability Index has listed it as one of the world's top businesses.
  5. Innovation: Wipro has won several accolades for its innovative thinking, especially the Information Services Group's 2020 “Innovation Leader” award.

Services provided by WIPRO:

The services provided by the WIPRO company are consultancy services, Information Technology (IT) services, Digital services, Business process services, Engineering and R&D services, Sustainability services, Business intelligence as well as analytical services.

WIPRO company has multiple divisions which are:

  • Wipro Technological Services Limited
  • Wipro Infrastructure Engineering
  • Wipro Consumer Care and Lighting
  • Wipro GE Medical Systems Limited

Conclusion:

WIPRO which is abbreviated as the Western Indian Palm Refined Oils Limited. Which is stylized as the “wipro” in the lower case letters. With its main office in Bangalore, India. WIPRO was established on 29th December in the year of 1945. It is the private limited global provider of information technology (IT) consulting including systems integration services. It is among India's leading IT businesses. Additionally, Wipro provides clients in more than 160 countries with a variety of services such as computer security, cloud computing, digital transformation, robotics, artificial intelligence, and data analytics.