Wipro Limited formerly known as Western India Products Limited is an Indian multi-national information technology, consulting and outsourcing service company headquartered in Bangalore, Karnataka, India. As of September 2013, the company has 147,000 employees serving over 900 clients with a presence in 57 countries. Wipro is the third largest IT services company in India. On 31 March 2013, its market capitalization was 1.07 trillion ($19.8 billion), making it India's 13th largest publicly traded company. Azim Premji is a major shareholder in Wipro with over 50% of shareholding.
To focus on core IT Business, it demerged its non-IT businesses into a separate company named Wipro Enterprises Limited with effect from 31 March 2013. The demerged company offers consumer care, lighting, healthcare and infrastructure engineering and contributed to approx. 10% of the revenues of Wipro Limited in previous financial year.
To focus on core IT Business, it demerged its non-IT businesses into a separate company named Wipro Enterprises Limited with effect from 31 March 2013. The demerged company offers consumer care, lighting, healthcare and infrastructure engineering and contributed to approx. 10% of the revenues of Wipro Limited in previous financial year.