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Term Paper on Wipro

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Term Paper on Wipro
INTRODUCTION

Wipro stands as one of the global giant in the field of information technology, founded by Mohamed Hasham Premji on December 29, 1945. Though incorporated in 1945, it was recognized as an Indian multinational corporation in the field of IT consulting and outsourcing service in 1981. Registered office is located at Doddakanneli, Bangalore. WIPRO has approx 150000 employees and spreads its operations to 57 countries with over 900 clients.

HISTORICAL OVERVIEW

Mohammed Hasham Premji started this company as Western India Vegetables Products Limited, in Mumbai, on December 29, 1945, which was later on abbreviated as WIPRO. It was initially set up as a manufacturer of vegetable ghee, vanaspati, and refined oils in Amalner, Maharashtra, under the trade names of Kisan, Sunflower and Camel. The company logo still contains a sunflower to reflect products of the original business.
Azim Premji took over Wipro as chairman after his father’s death. From that period Wipro started growing rapidly and diversified into various fields. On June 7, 1977, the name of the company changed from Western India Vegetable Products Limited., to Wipro Products Limited.
The year 1980 marked the arrival of Wipro in the IT domain. In 1982, the name was changed from Wipro Products Limited to Wipro Limited. Meanwhile Wipro continued to expand in the consumer products domain with the launch of "Ralak" a tulsi-based family soap and "Wipro Jasmine".

Milestones
Here's a snapshot of Wipro’s journey to date:

* Established in 1945 as Western India Vegetable Products Limited in Amalner, Maharashtra * IPO for capital in February 1946 * Ventured in to the fledgling IT industry in 1981 * Established software products and exports subsidiary, Wipro Systems Ltd. in 1983 * Pioneers in marketing indigenous Personal Computers in 1985 * Established a Joint venture with GE in 1989 * Entered IT services in the 1990s - we were among the pioneers in developing

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