10 Interesting and Unknown Facts About Wipro

If you are struck with any startup reminiscence, then you will ferret for some reputed capital venture who could listen to your ideas right? But what if you are a part of Wipro where you can access its business services, consultation and digital marketing?

Moreover, I will be a mentor or business solution to you. It would be stupendous to be a part of Wipro- Western India Vegetables Products Limited, an Indian multinational corporation that originated in Bangalore by Muhammed Hasham Premji.

The company commenced in 1945 and attained many achievements from being a beginner to a virtuosity enterprise. Wipro bestows Business consultation, IT services, Outsourcing, business investor and also opened its healthcare services. So, extrapolate, Wipro is an all-around business solution corporation that focuses on enhancing entrepreneurs as well as generating employees.

Interesting Facts About Wipro

1. Wipro is third largest Indian IT Company
2. Wipro was set up as a manufacturer of vegetable and refined oil
3. Azim Premji's rank was dropped from 2nd to 17th position by donating
4. Wipro Employment rank
5. Leadership at the age of 21
6. Wipro became the First software technology & services company to be certified
7. Wipro ranked 1st in the Asian Sustainability Rating of Indian companies
8. Highest rating of stakeholder value
9. Forbes Global 2000 list
10. Secure most ethical company for the 10 consecutive years

Wipro is third largest Indian IT Company

Wipro has been operating since 1945 and ultimately engrossed many Indian businesses for its excellent services, which is highly based on vegetable and advanced oil products.

As of 2021, Wipro accomplished the third position as the largest Indian IT services firm with its net capital of 1.65 trillion by overruling HCL Technologies capital.

Besides, Wipro never reneged in astounding us with its new plans, whereas now Wipro corporation set to achieve zero Greenhouse gas emission. In the other words, they have targeted to reduce 55 % of GHG by 2030, apprehending global warming and climate change.

Wipro was set up as a manufacturer of vegetable and refined oil

Some people sound implausible, if I say Wipro is basically operated as a vegetable and refined oil company, but it's credible. Wipro built a refined oil manufacturer under the brand names- Kisan, Sunflower and Camel in Amainer, Maharashtra during British rule.

Furthermore,’ it is proven that Wipro is the acronym of Western India Palm Refined Oil Limited.

Azim Premji's rank was dropped from 2nd to 17th position by donating

In 2018, Azim Premji secured 2nd rank according to the Forbes India Rich List, and consecutive year, he dropped to 17th position among 100 Richest Indians 2019.

You would be wondering why there is a gradual fall? Because Azim Premji being a philanthropist, donated 13.1 million to poor people in India. According to the report, it is stated that Azim Premji, owner of Wipro obtained the second rank in Forbes Richest Indian 2018 with $21 billion in his account. Later the next year, he dropped to 17th rank with a net worth of 7.2 billion in 2019.

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Wipro Employment rank

US-based Association of Diversity council, Wipro was the first Indian corporation to be awarded the 2nd rank for employee diversity in 2011, with 120,00 employees of 74 nationalities in 54 countries.

Leadership at the age of 21

If a big company was handed it over to you at the age of 25, what would you do? Of course, you will be wondering if someone could help you. But this huge enterprise which has been the talk of the town since 1945 was entrusted to a 21-year old boy Azim Premji. Yes, after Muhammed Premji, his dad passed away, he took over the company Wipro as its chairman in 1966.

Wipro became the First software technology & services company to be certified

In February 2001, Wipro became the first software technology and services company in India to get ISO:14001 certification for complying with the international standards for Environmental Management System (EMS) in three major software development and technology centres situated in Bangalore.

Wipro technologies became the world’s first company that has a PCMM level 5 and SEI CMM level 5 certification.

Wipro ranked 1st in the Asian Sustainability Rating of Indian companies

Wipro Limited was ranked 1st in the Asian Sustainability Rating (ASRTM) of Indian companies in 2010 and scored 5th ranking among Asian companies. The ASRTM is a benchmark tool for Environment, Social and Governance (ESG) which is developed by CSR Asia and Responsible Research.

The ASRTM ranking is calculated based on sustainable indicators in four different categories: General, Environment, Social and Governance of companies irrespective of the sector in which they belong and the ranking is calculated only on publicly available information for non-biased judgement.

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Highest rating of stakeholder value

In 2004, Wipro became the first to get the highest category ‘SVG1’ rating from credit rating agency IRCA for stakeholders value creation and government practices. This rating signifies the sound corporate governance practices of Wipro.

The Bangalore based company retained the top position in stakeholder value ranking in 2009 and 2012. The ranking was given on the basis of improving transparency and disclosure standards, the company’s satisfactory relationship with key stakeholders, the high promoter holding in the company, strong internal audit system, etc.

Forbes Global 2000 list

Wipro stood in 769th position in the Forbes Global 2020 list of 2021, where sales is at 1214th rank, profit annually earned at 460th position and the market value of Wipro estimated at 518th position in the Global 2000 list.

Moreover, According to the Forbes Global list, Wipro has been ranked at 193rd rank for World’s Best Employers 2019, Top regarded Companies in 2019 which secured the 168th place, Being the top multinational performers Wipro gained the position 119th in 2017 and awarded 441st rank for America’s best employers in 2017.

Secured most ethical company for the 10 consecutive years

Being constant in your heyday must be astounding right? Then guess what? Wipro was recognised as World’s most ethical company for 10 consecutive years in succession by the Ethisphere Institute.

It is stated that Wipro is a company of unwavering commitment to integrity, fairness and transparency backed by strong values which came out that Wipro is a reputed global wide trusted company so far now.

Conclusion

Wipro is a globally recognized business organisation, which is quite known for business solutions, consultation, healthcare, employment and all-rounder business services.

Wipro originated in Bangalore, Karnataka in India by a normal human named Mohamed Premji. Haplessly, the throne was given to his son Azim Premji at the age of 21 after his short life span. Azim Premji developed Wipro into a Multinational company by generating its best services to the users in terms of aiding business consultation, employment opportunities, Outsourcing, technology, capital venture etc.

FAQs

Who is the founder of Wipro?

Muhammed Hasham Premji founded Wipro in 1945 as a cooking oil company.

Who is the CEO of Wipro?

Thierry Delaporte is the CEO of Wipro since 2020.

Is Wipro an Indian company?

Yes, Wipro is an Indian company founded by Hasham Premji in 1945.

What is full form of wipro?

The Full form of WIPRO is Western India Palm Refined Oil Limited.

What are Wipro company products?

The products of Wipro include:

• Skincare products
• Male grooming products
• Toiletries
• Wellness products
• Household products
• Electrical wire devices
• Domestic and commercial Lighting

What is the first product of Wipro?

Vegetable oil is the first product of Wipro.

Which companies are under Wipro?

The Wipro subsidiaries are divided into four different parts:

• Wipro Limited
• Wipro Consumer Care and Lighting
• Wipro Infrastructure Engineering
• Wipro GE Medical Systems Limited.