Title
ANNUAL REPORT ANALYSIS 2006-2007
WIPRO- AN OVERVIEW
A Brief description
Wipro was incorporated in 1945 under company’s act, VII 1913( superseded by companies Act 1956)in Bangalore, Karnataka.It is a 3.5$ billion global company in Information technology services, R&D services, Business process outsourcing, fast moving consumer goods and other businesses.
Company History
Wipro was set up in 1945. Primarily an edible oil factory, the chief products were Sunflower Vanaspati and 787 laundry soap (a by-product of the Vanaspati operations). The company was called Western India Vegetable Products Limited; it had a minor presence in Maharashtra and Madhya Pradesh. In the 1970s and 1980s, it began to expand and made forays into computing. In 1975, Wipro marketed India's first homegrown PC. Wipro
was the sole representative for Sun Microsystems in India, before the Sun liaison office was set up in India, in the early 1990s.
Time Line
• 1945: Western India Vegetable Products Limited is created
• 1947: An oil mill and hydrogenated cooking medium plant set up
• 1966: Azim Premji takes over leadership of Wipro at age 21
• 1975: Wipro Fluid Power is set up to manufacture hydraulic and pneumatic cylinders.
• 1977: Company is renamed to Wipro Products Limited
• 1980: Information technology services for domestic market started
• 1981: Hardware company is launched
• 1982: Company is renamed to Wipro Limited
• 1984: Software products subsidiary Wipro Systems Ltd. is established
• 1985: Toilet soaps manufacture begins
• 1988: Wipro BioMed is launched. It is a new business unit to market and service bio-analytical and diagnostic instruments
• 1989: Joint venture with GE for medical systems, Wipro GE Medical Systems Ltd
• 1990: Product software business discontinued; software services...
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