Wipro full-form Western India Palm Refined Oils Limited. Wipro is an Indian private limited liability information technology and systems integration company. It is known as India Palm Refined Oils Limited. Headquartered in Bangalore, India. He initially worked as a sunflower oil specialist but currently works on systems integration, IT consulting, healthcare, consumer care, lighting and more.
Wipro was established by Muhammad Hashim Premji on December 29, 1945, as a sunflower oil factory in a small town in Jalgaon, Maharashtra. Muhammad Hashem Premji is the father of Azim Premji, the current president of Wipro. After the departure of M. Premji, Azim Premji took charge of the company and led it to the top. He has been involved in non-IT business and, since March 2013, has set up a private company called WIPRO Enterprises Limited to focus on his core IT business. Wipro is one of the largest IT consulting firms and system partners in India, with more than 1.5 thousand employees. Staff. Wipro includes several divisions, such as Wipro Infrastructure Engineering, Wipro Technology Services Limited, Wipro Consumer Care & Lighting, and Wipro GE Medical Systems Limited.
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In the 1970s and 1980s, the company focused on new opportunities in the IT and Computer industry, which was a leader in India at that time. On June 7, 1977, the company's name was changed from Western India Palm Refined Oils Limited to Wipro Products Limited. In 1982 the name was changed from Wipro Products Limited to Wipro Limited. In 1999, Wipro was listed on the New York Stock Exchange.
In 2004, Wipro became the second-largest IT company in India, with $ 1 billion in annual revenue. In 2012, Wipro merged its IT activities with another company called Wipro Enterprises. Before the collapse, these companies accounted for almost 10% of Wipro's total revenue, mainly in consumer care, lighting, appliances, plumbing, water treatment and medical research. In August 2018, Wipro paid $ 75 million to the US National Grid as a compromise to implement an unconventional SAP that could cost the company $ 1 billion, according to a 2014 survey, which had to replace the Oracle system, causing severe losses and said damage. In March 2020, Hedera announced that Wipro would join their Kingdom Council, which would provide non-governmental access to distributed book technology.