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MARKET SIZE The IT-BPM sector in India stood at US$117 billion in 2019 witnessing a growth of 6.1 percent year on year and is
estimated that the size of industry will grow to US$ 350 billion by 2025. India’s IT & IT industry grew to US$181 billion in 2018- 2019.
Exports from the industry US$137 billion in FY19 while domestic revenues (including hardware) advanced to US$44 billion. IT industry
employees 4.1 million people as of FY19. Spending on information technology in India is expected to reach US$ 90 billion in 2019.
Leading Indian IT firms like Infosys, Wipro, TCS and Tech Mahindra are diversifying their offerings and show casing leading ideas in
block chain, artificial intelligence to clients using innovation hubs, research and development centres, in order to create
differentiated offerings. IMPACT OF COVID-19 ON IT INDUSTRY The outbreak of COVID-19 has severely impacted the global
economy, with disrupting businesses across diverse sectors around the world. The spread of the virus now has led countries into
lockdown, fearing the economy of a recession. It has a larger impact on the country’s businesses and economy. 11 Indian IT services
industry is expected to see an adverse impact for a short-term due to COVID-19 outbreak with the sector clocking a lower growth of
3-5 percent in current financial year, according to rating agency ICRA. ICRA previously expected to grow at 6-8 percent. With the
slowdown in growth during the first half of 2020-21, the margins will also negatively impact before a likely recovery in next the
financial year, ICRA said in a statement. The global spread of the coronavirus is resulting in simultaneous supply and demand
shocks. We expect these shocks to materially slow down the economic activity. The (ICRA) forecast assumes gradual recovery
during the second half of the year, however, the evolution of virus remains highly uncertain and the full extent of the economic costs
remain unclear at this point of time. On the supply side, Indian IT services will face issues such as travel restrictions to developed
countries as well as closure of offices/work from home at various offshore development centers as well as onshore, thereby impacting
movement of labor. New projects to be commissioned will be delayed by a minimum of 3-6 months. 12 CHAPTER 2 – ABOUT
COMPANY 13 Wipro – Company Profile INTRODUCTION Wipro (once, Western India Palm Refined Oil Limited, legitimately Wipro
Limited) is an Indian global enterprise that gives data innovation, counseling and business process administrations. It is
headquartered in Bangalore, Karnataka, India. Wipro Limited (Wipro), consolidated on December 29, 1945, is a worldwide data
innovation (IT), counseling and business process specialist co-op. Wipro have over 175,000 dedicated employees serving clients across
six continents. HISTORY WIPRO started in 1945 with the setting up of an oil factory in Amalner a small town in Maharashtra in
Jalgaon district. The product Sunflower Vanaspati and 787 laundry soap (largely made from a by-product of Vanaspati operations) was
sold primarily in Maharashtra and M.P. The company was named Western India Products Ltd. 14 THE BIRTH OF NAME WIPRO As
the organization grew and diversified into operations of Hydraulic Cylinders and InfoTech, the name of the organization did not
adequately reflect its operations. Azim Premji himself in 1979 selected the name “WIPRO” largely an acronym of Western India
Products. Thus was born the Brand WIPRO. The name WIPRO was unique and gave the feel of an “International” company. So
much so that some dealers even sent their cheques favoring WIPRO (India) Limited. Fortunately, the banks accepted them! By the
early 90s, WIPRO had grown into various products and services. The WIPRO product basket had soaps called WIPRO Shikakai,
Baby products under WIPRO Baby Soft, Hydraulic Cylinders branded WIPRO, PCs under the brand name WIPRO, a joint venture
company with GE named WIPRO GE and software services branded WIPRO. The WIPRO logo has a “W”, but it was not constantly
used in the products. It was clearly felt that the organization was not leveraging its brand name across the various businesses.
PRODUCTS AND SERVICES Products Personal Care Health Care Lighting Furniture 15 Services Digital Strategy IT
Services Consulting Outsourcing Managed Services GEOGRAPHICAL PRESENCE Wipro is a worldwide IT organization as of
now present across 54 nations over the globe, offering IT arrangements and administrations which incorporates Systems Integration,
Consulting, R&D Services, Information Systems Outsourcing, ITEnabled Services and Bangalore, Chennai, Hyderabad, Mumbai,
Pune, Delhi, Kolkata are some of the major locations of Wipro in India. LISTING AND SHAREHOLDING Listing: WIPRO Initial
Public Offering was in the year 1946. WIPRO’s equity shares are listed on Bombay Stock Exchange where it is a constituent of the
BSE SENSEX index, and National Stock Exchange of India where it is a constituent of the S&P CNX Nifty. The American Depository
Shares of the company are listed at the NYSE since October 2000. Shareholding: the table provides the share holding pattern as of 30-
sep-2018. Shareholders (as on30-Sep-2018) Shareholding Promoter group led by Azim Premji 74.31% Public 25.21% Employee trust
0.48% 16 COMPETITORS OF WIPRO S. No. NAME OF COMPANY 1 TATA CONSULTANCY SERVICE 2 INFOSYS LIMITED 3 HCL
TECHNOLOGIES 4 TECH MAHINDRA 5 GENPACT INDIA 6 MINDTREE 7 SYNTEL 8 LARSEN & TOUBRO INFOTECH •Company
has good opportunity since the sector is growing. • Brokers upgraded recommendation or target price. •Bigger MNCs entering India
and competing for global clients. •Company with growing costs YOY for long term projects. •Book value per share deteriorating.
•Rising net cash flow and cash from operating activity. •Company with low debt. •Wipro has impressive list of clientele and mega
partnership with- Oracle ,EMC, Microsoft ,SAP Strength Weakness Threats Opputunities 17 CHAPTER 3 – FINANCIAL
STATEMENTS 18 BALANCE SHEET PARTICULAR (in crore) Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS Equity Share Capital 493.70 494.10 486.10 904.80 1,206.80 TOTAL SHARE CAPITAL 493.70 494.10 486.10
904.80 1,206.80 Reserves and Surplus 36,598.30 45,650.70 51,184.10 47,021.50 55,215.80 TOTAL RESERVES AND SURPLUS 36,598.30
45,650.70 51,184.10 47,021.50 55,215.80 TOTAL SHAREHOLDERS FUNDS 37,092.00 46,144.80 51,670.20 47,926.30 56,422.60 Minority
Interest 164.60 221.20 239.10 241.00 263.70 NON-CURRENT LIABILITIES Long Term Borrowings 1,270.70 1,736.10 1,961.10 4,526.80
2,836.80 Deferred Tax Liabilities [Net] 26.90 507.10 657.80 302.50 338.40 Other Long Term Liabilities 67.90 1,095.70 1,081.20 1,166.60
1,419.90 Long Term Provisions 306.70 463.20 424.10 179.40 208.40 TOTAL NON-CURRENT LIABILITIES 1,672.20 3,802.10 4,124.20
6,175.30 4,803.50 CURRENT LIABILITIES Short Term Borrowings 6,444.10 10,264.80 11,674.10 7,959.80 6,808.50 Trade Payables
5,848.60 4,902.10 4,867.30 5,120.30 6,266.00 Other Current Liabilities 2,949.40 5,973.10 5,652.80 7,300.30 7,254.80 Short Term
Provisions 4,205.90 711.10 754.30 970.30 1,105.70 TOTAL CURRENT LIABILITIES 19,448.00 21,851.10 22,948.50 21,350.70 21,435.00
TOTAL CAPITAL AND LIABILITIES 58,376.80 72,019.20 78,982.00 75,693.30 82,924.80 ASSETS NON-CURRENT ASSETS Tangible
Assets 4,969.30 5,855.60 6,066.70 4,910.80 4,766.50 Intangible Assets 5,867.80 1,584.10 1,592.20 1,811.30 1,376.20 Capital Work-In-
Progress 395.10 380.60 737.70 1,377.70 2,141.80 FIXED ASSETS 11,232.20 7,820.30 8,396.60 8,099.80 8,284.50 Non-Current
Investments 340.40 490.70 710.30 887.40 815.10 Deferred Tax Assets [Net] 83.40 428.80 309.80 690.80 560.40 Long Term Loans And
Advances 3,137.60 0.00 0.00 0.00 0.00 Other Non-Current Assets 364.20 3,157.50 3,447.90 3,995.10 4,752.20 TOTAL NON-CURRENT
ASSETS 15,157.80 21,736.70 25,092.20 25,077.70 25,734.20 CURRENT ASSETS Current Investments 5,191.70 20,424.40 29,203.00
24,909.40 22,071.60 Inventories 484.90 539.00 391.50 337.00 395.10 Trade Receivables 9,154.80 9,961.40 9,484.60 10,099.00 10,048.90
Cash And Cash Equivalents 16,619.00 9,904.90 5,271.00 4,492.50 15,852.90 Short Term Loans And Advances 5,719.00 0.00 0.00 0.00
0.00 19 INCOME STATEMENT PARTICULAR Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 INCOME REVENUE FROM OPERATIONS
[GROSS] 46,951.20 51,244.00 55,040.20 54,487.10 58,584.50 Less: Excise/Service Tax/Other Levies 0.20 0.00 0.00 0.00 0.00 46,951.00
51,244.00 55,040.20 54,487.10 58,584.50 TOTAL OPERATING REVENUES 46,951.00 51,244.00 55,448.40 54,487.10 59,018.90 Other
Income 2,449.70 2,752.20 2,622.60 2,548.70 2,613.80 TOTAL REVENUE 49,400.70 53,996.20 58,071.00 57,035.80 61,632.70 EXPENSES
Cost Of Materials Consumed 3.40 0.20 0.00 0.00 0.00 Operating And Direct Expenses 0.00 0.00 0.00 0.00 14,460.80 Employee Benefit
Expenses 22,511.50 24,553.40 26,808.10 27,222.30 29,977.40 Finance Costs 349.90 558.20 594.20 583.00 737.50 Depreciation And
Amortization Expenses 1174.9 1496.1 2310 2,111.70 1,946.70 Other Expenses 11419 12899.9 14622.3 14983.8 1623.8 TOTAL EXPENSES
38176.6 42502.5 47031.7 46794.7 50086.2 PROFIT/LOSS BEFORE EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAX 11224.1
11493.7 11039.3 10241.1 11546.5 Exceptional Items 0 0 0 0 0 PROFIT/LOSS BEFORE TAX 11224.1 11493.7 11039.3 10241.1 11546.5
TAX EXPENSES-CONTINUED OPERATIONS Current Tax 2507 2575.7 2650.1 2633.4 2364.9 Less: MAT Credit Entitlement 0 0 0 0 0
Deferred Tax 3.1 -39.1 -128.7 -394.3 159.4 Other Direct Taxes 0 0 0 0 0 TOTAL TAX EXPENSES 2510.1 2536.6 2521.4 2239.1 2524.3
PROFIT/LOSS AFTER TAX AND BEFORE EXTRAORDINARY ITEMS 8714 8957.1 8517.9 8002 9022.2 PROFIT/LOSS FROM
CONTINUING OPERATIONS 8714 8957.1 8517.9 8002 9022.2 PROFIT/LOSS FOR THE PERIOD 8714 8957.1 8517.9 8002 9022.2
Minority Interest -53.1 -49.2 -24.8 -0.3 -14.2 Other Current Assets 6,049.60 9,452.80 9,539.70 10,777.70 8,822.10 TOTAL CURRENT
ASSETS 43,219.00 50,282.50 53,889.80 50,615.60 57,190.60 TOTAL ASSETS 58,376.80 72,019.20 78,982.00 75,693.30 82,924.80 20

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