Background: Wipro was founded in 1945 by M.H.Hasham Premji Maharashtra India. Initially, Wipro produced sunflower Oil and soaps. Hasham Premji died in 1966, and was succeeded by his son Azim Premji.Azim Premji is current chairman of Wipro Limited. Venture: Under Azim Premji’s leadership Wipro is now third largest IT Service Company in India. In 1970s and 1980s Wipro’s started venturing in IT services and business consulting. This is a good example of corporate entrepreneurship. Wipro used parts from multinational companies like Cisco, Canon, HP, Epson and stated selling homemade personal computers in 1975. In 1980, Wipro started providing customize software to its customers. Wipro started providing out sourcing services in 1992. Soon after that Wipro started proving IT services, business consulting, managing services, software development, web development etc. Wipro show whopping growth in coming years and its revenue was $6.8 billion last year. Losing talented employees is one of the biggest problem for Indian IT service companies like Wipro. Wipro have experience tremendous growth in last ten year. Growth is result of Wipro’s business model where they hire low cost resources and kept growing from overseas work. However IT companies such as Wipro is facing some major challenges with their current model. As Indian economy is growing, living conditions are improving and with that cheap talented labor is disappearing. Since the whole IT industry is booming in India, barging power of the talented employees is too high due to skills and knowledge they have to offer. Another problem with Wipro is that its talented workers are staring their own business. As the investment environment in India is changing more and more entrepreneurs are able to receive investment to start their own venture. To retain its talented employees Wipro’s HR has implemented employee attrition and customer satisfaction programs last year. Wipro’s solution to the problem is pay...
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