1

PROJECT
STUDIES
IMBA SEM: - 3

YEAR: - 2022-23
COMPANY NAME: - WIPRO LTD.

ENROLLMENT NUMBER: - 202131300029

SUBMITTED BY: - SURYANSH SHARMA

COLLEGE: - BK SCHOOL OF
MANAGEMENT AND PROFESSIONAL
STUDIES(DPPG)
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NAME: - WIPRO LTD.

Registered Address: - Sarjapur Road,
Bangalore, Karnataka, India.

Brief History: -
1941: -
- 8,000 shares subscribed for by directors, etc. 9,000
shares offered at par to public in February-March 1946.
1945: -
- The Company was Incorporated on 29th December, at
Mumbai. The Company Manufacture vegetable ghee,
vanaspati, refined oils including salad oil, soap, wax
and tin containers for packing, crushing and oil milling
trading in oils and oilseeds and manufacture of fluid
power products. The Products trade names were
"Kisan", "Sunflower" and "Camel".
1971: -
- 5,667 Bonus shares issued in prop. 1:3.
1980: -
- 22,667 Bonus shares issued in prop. 1:1.
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- Diversifies into information technology.

1982: -
- Name again changed from Wipro Products Limited to
Wipro Limited.
1986: -
- Equity share subdivided, 9,21,680 Bonus equity shares
of Rs. 10 each then issued in prop. 1:1.
1988: -
- The company diversified the product line into heavy
duty industrial cylinders and mobile hydraulic
cylinders.
1989: -
- The Company set up a joint venture company with
General Electric of U.S.A., in the name of Wipro GE
Medical Systems Pvt. Ltd., for the manufacture, sale
and service of diagnostic and imaging products. The
Joint Venture has also an OEM sourcing arrangement
with Elpro International Ltd., for locally made x-ray
products. In 1990, the joint venture became a subsidiary
of the Company.
- 18,43,360 Bonus shares issued in prop. 1:1. 1990
1990: -
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- "Santoor" talcum powder, a brand extension and

"Wipro Baby Soft" were launched in the market.
- The Company established a relationship with Eaton
Corporation, U.S.A. for marketing of hydraulic
products in India.

1991: -
- Tipping systems were launched. The Company undertook to
set up a high technology plant and R&D Centre at
Aurangabad with an investment of Rs 40 crores. The product
range was to include incandescent lamps, linear and circular
fluorescent lamps, accessories and luminaries.
- Eaton Hydraulic products were launched. The Company set
up a new Unit "Wipro Financial Services Ltd.", for serving
customers with capital resources, expertise and ideas to help
solve their financial needs.
- The Company launched baby soft toiletries viz. soap,
powder and oilbased on natural ingredients of lanolin, olive,
milk and almonds. Feeding bottles followed in 1994. - The
Company partnering with world leaders markets and supports
a wide range of equipment and consumables for the medical,
diagnostic and Bio-analytical markets.
1992: -
- The Computed tomography, ultra sound and specialised x-
ray systems were launched. It added to itself, products from
Becton Dickinson Bio-Rad Labs and Serono Diagnostics with
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a view to becoming a single comprehensive source for bio-

research and diagnostic instruments.
- The Wipro Fluid Power division has developed expertise to
offer standard hydraulic cylinders for construction equipment
and truck tipping systems. The company had introduced the
State-of-the-art cartridge valves from Sun Hydraulics, USA
for the Indian market. A second manufacturing unit has been
set up at Hindpurto augment capacity.
- The Company issued 2,00,000-18.5% secured redeemable
non-convertible debentures of Rs 100 each on private
placement basis. These are redeemable in three equal annual
instalments commencing on 23rd March, 1998 and 5%
premium payable on redemption. - The Company issued 19%
non-convertible debentures of Rs 500,000,000 on private
placement basis. These are redeemable on 9th September,
1993: -
- "Wipro Shikakai Herbal Power" a hair care product based on
a judicious mix of seven herbs was launched during the year.
– The Company developed various cylinders for critical
applications such as excavators, black hole loaders, wheel
loaders etc.
- The Company proposed to enter into a financial joint venture
with Beckman Instruments Incorporated, U.S.A., for
manufacture of bio-analytical instruments (diagnostic
instruments and reagents) in India and to develop software
and hardware for international use by Beckman. Necessary
steps were undertaken to implement the letter of intent for the
manufacture of analytical instruments. Manufacturing
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facilities were being established in Gurgaon, Haryana and

business operations pertaining to the facilities were to be
carried out from Delhi.
- Wipro BioMed proposed to add a medical division to offer a
comprehensive range of products in cardiology and patient
monitoring from PPG Hellige.
1995: -
- A second manufacturing facility was commissioned at
Hindupur in A.P. where latest technology such as horizontal
induction hardening, friction welding, high productivity
skiving and roller burnishing has been installed.
- The Company developed portable ultra sound scanner logiq
X 100, having a range of clinical applications. The Company
introduced olive oil enriched baby powder during the year.
- 76,38,545 Bonus equity shares issued in prop. 1:1. 2,65,105
No. of equity shares of Rs 10 each allotted to existing
shareholders of Wipro Infotech Ltd., and Wipro Systems Ltd.,
respectively.
1996: -
- Registered office of Wipro shifted from Mumbai to
Bangalore.
1997: -
- The company has been providing design and
development services to the technology sector. A
MOU was signed with Nenoki AG, Switzerland for
technical know-how.
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2000: -
- The Company proposes to issue ADR/GDR linked stock
options to employees of the company, its subsidiaries and
associates up to an amount not exceeding $150 million.
- The Company has set up a new division to capitalise on the
emerging opportunities in the internet arena.

- The Company has entered into a tie-up with Vignette Corp

of the US to provide co-developed solutions for online
businesses, according to a news release from Wipro.
- Wipro technologies, has become a global implementation
alliance partner of Mercator software, Inc. (Nasdaq MCTR),
an e-business transformation company.
-Wipro has become the second largest company in terms of
market capitalisation on the Bombay Stock Exchange.
- The Company for the fourth year has won the top award of
STPI for software exports for the year 1999-2000.
- The Company has launched solutions for convergent
networks called Wipro OSS Smart and Wipro WAP Smart
targeted at Internet and telecom solution providers.
- Microsoft has decided to tie up with Indian software majors
like Wipro to outsource some part of the software
development work for the .Net as well as other projects.
- The Peripherals Division of Wipro Infotech will be hived
off as a separate entity, largely owned by employees led by
Mr. Ram N Agarwal.
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- Wipro Ltd. has proposed a new ESOP plan (WESOP) 2000)

as its earlier WESOP 1999 is expected to be exhausted over
the next few months.
2003: -
- Wipro Ltd today (January 31, 2003) announced the
appointment of T K Kurien as President of Wipro Health
Science, the new business segment formed in April 2002 to
address the market opportunities in Healthcare and Life
Science IT. T K Kurien will report into Vivek Paul, Vice
Chairman. Suresh Vaswani, 42, President - Wipro Infotech,
our India, Asia Pac and Middle East IT Business, will head
the Telecom & Internet Service Provider (TISP) Vertical in
Wipro Technologies, reporting to Vivek Paul, in addition to
his existing responsibilities. Suresh Vaswani will continue to
report to Azim Premji, Chairman, for Wipro Infotech
business.
- Wipro increases stake to 100% in Wipro Spectra mind
Services - Wipro is fastest wealth creator for 5 years, reveals
study
- Wipro Spectra mind bags $10-m BPO order from Microsoft
- Wipro's e-procurement arm, 01 Markets has unveiled a
web-tendering solution for the Indian market - Company
launches its own laptops with Intel's Centrino mobile
processor
- Chairman Azim Premji, with a net worth of $5.9 billion, has
made it to the Forbes list of ten most powerful billionaires in
the world.
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- Enters into a definitive agreement to acquire Nerve Wire Inc,, a

Newton, Massachusetts based Business and IT Consulting company
serving financial services clients, for approximately $ 18.7 million in
cash
- Wipro Spectra mind tops annual ranking of third-party call centre &
BPO companies for 2002-03 - Enters into an exclusive agreement
with the owners of Chandrika for marketing of their soap in select
states in India
- Wipro Infotech, the IT arm of Wipro Ltd., has tied up with US-
based Sestina Software Inc. to provide services to customers of
sestina Software Inc. in India, Asia Pacific and West Asia
- Oriental Bank of Commerce chooses Wipro for its Centralized
Banking Solution project
- Fortune magazine lists the 25 most powerful business leaders
outside US where Mr. Azim Premji, CEO Wipro has been ranked
17th in the list.

2004: -
-Wipro Ltd has informed that Mr V Ramachandran who has
been appointed as Company Secretary with effect from August
01, 2003, shall act as the Compliance Officer of the Company
with respect to compliance of the stock exchange listing
agreement requirement.
-Wipro emerges as biggest wealth creator during April '98-Mar
'03 -Wipro inks MoU with UAE centre -Israeli firm ties up with
Wipro Spectra mind -Wipro joins billion-dollar club -01
markets, the e-procurement business unit of Wipro, has been
sliced into two units. One will go with Wipro Technologies,
while the other will be part of Wipro Infotech.
- Wipro bags $1bn, long-term outsourcing contract from
Anglo-Dutch energy to oil major Royal Dutch Shell Group.
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- Wipro acquires 50 acres of land from MIDC -Itqan Al

Bawardi, the UAE's leading systems integrator, has entered into
an agreement with Wipro
-Wipro, India's No. 2 listed software service company, said it
had won a multi-year contract from Switzerland's Loyalty Gate
Ltd., which helps airlines run loyalty programmes -Wipro
partners with Intel for i-shiksha.

2006: -
- Wipro's Global Command Centre bags NASSCOM’s IT
innovation award
- Wipro Ltd has informed that Wipro Technologies, the
global services division of the Company has announced that
its remote managed infrastructure delivery solution, the
Global Command Centre (GCC), has been awarded
NASSCOM's IT innovation award for 2005.
- Wipro acquires cMango Inc., a US based Technology
Infrastructure Consulting firm.
- Wipro Ltd has informed that Wipro Technologies has
announced that it has signed an agreement to acquire Europe
based retail solutions provider, Enabler in an all cash deal.

2007: -
- Wipro inks deal with Lockheed Martin.
- Wipro has entered into a definitive agreement to acquire Oki
Techno Centre Singapore Pte Ltd (OTCS).
- Wipro - Nokia Siemens Networks & Wipro sign R&D
partnership contract in Germany.
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2010: -
- Wipro Technologies announced the inauguration of its new
development centre in Melbourne.
- Wipro Ltd today announced bagging a 10 year total
outsourcing contract from TV Sundram Iyengar & Sons,
automobile and parts distribution company,
- Hitachi, Wipro joined hand in order to offer co-branded
products and services on Hitachi technology.
- Jones Lang LaSalle Meghraj (JLLM) secured a contract from
Wipro, for managing the 2.3 mn sq ft of Wipro's space in
Bangalore, Mysore and Mumbai.
- Central Bank of India and Wipro sign 5 year Strategic
Partnership
- Vodafone Essar signed Wipro to build and manage its fixed
line telecom services business
- Wipro signed a strategic contract with Financial Intelligence
Unit, India
- Wipro - Wipro won 5-year IT Outsourcing Contract from
Vasan Eye Care
-Wipro has given the Bonus in the Ratio of 2:3

2011: -
- In order to provide solutions pertaining to 3G and Long-Term
Evolution (LTE) network equipment-makers, IT firm Wipro
Technologies partnered with US-based Continuous Computing
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- Wipro inked Joint Venture to manufacture hydraulic pumps

for excavators in India - Wipro provides IT solution to UK-
based On-Stream Utility Metering Services.
- Wipro in deal to buy majority stake in Brazilian company.
- Wipro Infrastructure Engineering signs agreement with CESA
(EADS subsidiary) to set up Aerospace & Defence
manufacturing
- Wipro and Kawasaki entered into a Joint Venture to
manufacture hydraulic pumps for excavators in India
- Wipro - Rajasthan Government selects Wipro for State portal
enablement
- DuPont Apollo Ltd has signed an agreement with Wipro Eco
Energy. According to the strategic supply agreement, the Hong-
Kong based DuPont Apollo Ltd would be supply high-
performance silicon-based thin film.

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
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-Wipro Ranked Global Leader in Telecom R&D Services for

the Third Consecutive Year -Wipro Rated as a No.1 Global
Engineering and R&D service provider by Zinnov

2018: -
-Wipro launches solution for fraud and abuse in US healthcare
insurance claim.
-Wipro partners LATAM Cargo for multi-year cargo
management.
-Wipro bags prestigious National IP Award.
-Wipro bags multi-year business process services deal from
Falck.
-Wipro Wins 2018 Nutanix Outstanding Innovation Partner
Award.
-Wipro Digital takes over Australian design agency Sifts.

2020: -
-Wipro to launch 5G edge services solutions suite which is built
with IBM TRIRIGA and IBM Edge Application Manager.
-Wipro bags five-year software engineering services deal from
ThoughtSpot.
-Wipro Limited recognized as the winner of Data Estate
Modernization 2020 Microsoft Partner of the Year.
2021: -
-Wipro Recognized as Gold Employer by India Workplace
Equality Index (IWEI) 2021.
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-Wipro wins 2020 Google Cloud Global Specialization Partner

of the Year award.
-Wipro ranked a top service provider in White Lane Research
& Quint 2021 IT Outsourcing Study Netherlands

MISSION: -
The mission of WIPRO is to be a RF System
Solution Provider, through its innovative research
and design works for a new world of broadband
wireless communication.
VISSION: -
The Vision of WIPRO is to contribute for global e-
society, where a wide range of information is
being exchanged beyond time and space over
global networks, which breaks down the
boundaries to take part in various social activities
in an impartial, secure way. To do the continuous
effect to enhance people’s lifestyle and quality by
means of developing new technology in wireless
communication.
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PRODUCTS: -
Personal care: -
1.Santoor

2.Chandrika

3.Glucovita
4.Giffy
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5.Safewash
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COMPANY STRUCTURE: -

Capital Structure
Period Instrument --- CAPITAL (Rs. cr) --- -PAIDUP-
From To Authorised Issued Shares (no’s) Face Value Capital

2021 2022 Equity Share 2500.9 1096.41 5482070115 2 1096.41

2020 2021 Equity Share 2500.9 1095.83 5479138555 2 1095.83
2019 2020 Equity Share 2500.9 1142.67 5713357390 2 1142.67
2018 2019 Equity Share 2500.9 1206.79 6033935388 2 1206.79
2017 2018 Equity Share 1100 904.76 4523784491 2 904.76
2016 2017 Equity Share 583.5 486.18 2430900565 2 486.18
2015 2016 Equity Share 583.5 494.14 2470713290 2 494.14
2014 2015 Equity Share 583.5 493.81 2469043038 2 493.81
2013 2014 Equity Share 530 493.26 2466317273 2 493.26
2012 2013 Equity Share 530 492.59 2462934730 2 492.59
2011 2012 Equity Share 530 491.75 2458756228 2 491.75
2010 2011 Equity Share 530 490.88 2454409145 2 490.88
2009 2010 Equity Share 330 293.64 1468211189 2 293.64
2008 2009 Equity Share 330 293 1465000000 2 293
2007 2008 Equity Share 330 292.29 1461453320 2 292.29
2006 2007 Equity Share 330 291.8 1458999650 2 291.8
2005 2006 Equity Share 330 285.15 1425754267 2 285.15
2004 2005 Equity Share 150 140.71 703570522 2 140.71
2003 2004 Equity Share 75 46.55 232759152 2 46.55
2002 2003 Equity Share 75 46.51 232563992 2 46.51
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2001 2002 Equity Share 75 46.49 232465689 2 46.49

2000 2001 Equity Share 75 46.49 232433019 2 46.49
1999 2000 Equity Share 47 45.83 229156350 2 45.83
1998 1999 Equity Share 46 45.83 45831270 10 45.83
1997 1998 Equity Share 46 45.83 45831270 10 45.83
1994 1997 Equity Share 16 15.28 15277090 10 15.28
1993 1994 Equity Share 8 7.37 7373440 10 7.37
1992 1993 Equity Share 8 7.37 7373440 10 7.37
1989 1992 Equity Share 4 3.69 3686720 10 3.69
1986 1989 Equity Share 2 1.84 1843360 10 1.84
1984 1985 Equity Share 2 0.92 92168 100 0.92
1971 1980 Equity Share 0.5 0.45 45334 100 0.45
1947 1971 Equity Share 0.5 0.23 22667 100 0.23
1946 1947 Equity Share 0.5 0.17 17000 100 0.17

PROFIT AND LOSS ACCOUNT

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BALANCE SHEET
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Annual And Reports 2017-18

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Overview:-
The annual report is aligned to GRI Standards required by
Sustainability Reporting Guidelines of Global of Reporting Initiative
and Business Responsibility Report (BRR) requirements