Wipro Limited: A Transformation from Vegetable Products to Global IT Giant


Wipro Limited, originally founded in 1945 as Western India Vegetable Products Limited, has evolved from a modest manufacturer of vegetable oil to one of India’s leading multinational corporations in IT services and consulting. Headquartered in Bangalore, India, Wipro operates globally, offering a wide range of services including IT solutions, consulting, digital transformation, and business process services.

History and Evolution

Founded by Mohamed Premji in Amalner, India, Wipro initially focused on producing vanaspati (vegetable ghee) and later diversified into consumer care products. In 1966, Azim Premji took over leadership at the age of 21 after his father’s passing, marking the beginning of Wipro’s transformation into an IT powerhouse. The company shifted its focus to IT in the 1970s and 1980s, changing its name to Wipro Limited in 1982. It listed on the New York Stock Exchange in 2000, becoming a significant player in the global IT services market.

Business Segments and Operations

Wipro operates through three main segments:

IT Services: The largest segment, offering global IT solutions, consulting, and digital engineering services.

IT Products: Includes a range of hardware and software products.

Wipro Enterprises:Houses non-IT businesses demerged in 2012, including consumer care, lighting, and healthcare.

Strategic Acquisitions

Wipro has strategically expanded through acquisitions:

 In 2016, it acquired cloud services consultancy Appirio for $500 million, enhancing its digital transformation capabilities.

 The 2021 acquisition of Capco bolstered its presence in financial services, focusing on digital transformation.

 Recent acquisitions like Ampion and Convergence Acceleration Solutions (CAS) further strengthen its capabilities in specialized consulting and technology domains.

Financial Performance

Wipro has consistently grown its revenue, surpassing milestones such as $1 billion annual revenue in 2004 and $8 billion in 2020. It maintains a strong financial position with diverse revenue streams across global markets and sectors.


Wipro faces several challenges:

Intense Competition:Competing with global giants like Accenture and IBM in the crowded IT services market.

Technological Disruptions:Adapting to rapid technological changes in AI, cloud computing, and cybersecurity.

Talent Management: Attracting and retaining skilled IT professionals amidst global talent shortages.

 Regulatory Environment: Navigating varied regulatory landscapes across its global operations.

Future Outlook

Looking forward, Wipro aims to capitalize on growing demand for digital transformation and IT services. Its strategic focus includes innovation in emerging technologies, expanding global delivery capabilities, and enhancing client-centric solutions.


Wipro’s journey from a vegetable oil company to a global IT powerhouse exemplifies strategic adaptation and leadership in a dynamic industry. With a robust portfolio, strong financials, and a commitment to innovation, Wipro is well-positioned to navigate future challenges and capitalize on opportunities in the evolving IT landscape.

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