Wipro Ltd Overview
Wipro Ltd stands out as a preeminent global entity in the information technology, consulting, and business process services sphere, ranking as the 4th largest Indian IT services provider after TCS, Infosys, and HCL Technologies. Its offerings, which make up around 97% of its revenues, are streamlined into two main business lines: iDEAS and iCORE, encompassing domains such as consulting, applications, data engineering, cloud services, and cybersecurity. With a sector-wise revenue split favouring BFSI and a strategic market unit focus on the Americas and Europe, Wipro's global reach is expansive. Despite IT products contributing minimally to revenues, Wipro ensures these complement their services across varied sectors. The ISRE segment serves governmental bodies with a keen focus on consulting and digital engagements. Wipro's robust client base of approximately 1,100 global customers is testament to its diversity, while its workforce of around 230,000 employees reflects the company's vast scale. Notably, the acquisition of CAPCO for around $1.5 billion underscores Wipro's commitment to expanding its expertise in the financial services industry. Its strategic demerger of non-core businesses in FY13 led to the formation of Wipro Enterprises, allowing for sharpened focus and individual growth trajectories.