The above graph represents Wipro annual revenue by region. In fiscal 2018, Wipro’s annual revenue clocked Rs 546,359 million, globally. Interestingly, about 52% of the company’s total revenue came from the US. However, Wipro’s total revenue from the US in 2018 declined by 2.5% YoY, to Rs 283,515 million.
Stands at second place, Europe contributed over 25% to the Wipro’s total revenue in 2018. The revenue from Europe reached an all-time high of Rs 138,597 million, with an increase of 3.5% YoY.
The contribution of India to Wipro’s annual revenue in 2018 was just 8%. Surprisingly, the revenue from India declined by a notable 7.4% YoY, to Rs 43,099 million – the lowest in the last 10 years. It was fiscal 2011, ended December 31, when Wipro’s revenue from India reached an all-time high of Rs 67,904 million, contributed nearly 22% to the company’s total revenue in that year. Since then it’s been declining.
Note: Revenues from Wipro’s geographic segments (India, Americas, Europe and Rest of the world) are based on the domicile of the customer.
From selling vegetable and refined oils to becoming the first Indian IT Company to be ISO certified, “Western India Vegetable Products Limited” aka Wipro Limited (NSE: WIPRO) has come a long way since its incorporation by Mohammed Premji on 29th December 1945.
After Mohamed Premji’s death, in 1966, his son Azim Premji took over Wipro as its Chairman. He holds a Bachelor of Science in Electrical Engineering from Standford University.
On 7 June 1977, the company’s name changed from Western India Vegetable Products Limited to Wipro Products Limited. Later in 1982, the company’s name was changed again, from Wipro Products Limited to Wipro Limited.
With its headquarters in Sarjapur, Bengaluru, Karnataka, India, its products and services are not confined to a niche. It manufactures products in Personal care and healthcare, Lighting, Furniture and provides IT-Based services in Digital Strategy, Consulting, Outsourcing & Aerospace. This huge list of products and services gained Wipro revenue of $8.5 billion in FY 2019.
Wipro claims to have 175,690 dedicated employees worldwide as of FY 2019. Out of which, 35.2% are women employees.
In 1990, Wipro formed a joint venture with GE Healthcare South Asia called “Wipro GE Medical Systems Limited”. This partnership was engaged in the research and development of advanced solutions to cater to patient and customer needs in healthcare.
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