Wipro is an Indian multinational corporation that provides information technology, consulting, and business process services. It was founded in 1945 as a manufacturer of vegetable and refined oils, but it later diversified into other areas such as telecommunications and information technology. Today, Wipro is one of the largest IT services companies in the world, with operations in more than 50 countries.
History of Wipro
Wipro Limited was founded in 1945 by Mohamed Premji as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, India under the trade names of Kisan, Sunflower, and Camel. In the 1960s, the company expanded into other areas such as the production of hydrogenated oils, soaps, and vanaspati (a type of vegetable ghee).
In the 1980s, Wipro diversified into the information technology (IT) industry, a move that would eventually propel the company to great success. In 1981, Wipro launched its first IT product, the Wipro 8085 Microprocessor Trainer, and later expanded into other areas such as computer hardware and software development.
Today, Wipro is a global leader in the IT industry, providing a range of services including consulting, technology, and business process outsourcing. The company has operations in more than 50 countries and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
Growth of Wipro
Over the years, the company has experienced significant growth through a combination of organic expansion and strategic acquisitions. Some key milestones in Wipro’s growth include:
- In 1981, Wipro launched its first IT product, the Wipro 8085 Microprocessor Trainer.
- In the 1990s, the company expanded its IT services business and entered into new markets through acquisitions and partnerships.
- In the 2000s, Wipro continued to grow its IT services business and also expanded into new areas such as consulting and business process outsourcing.
- In recent years, Wipro has focused on digital transformation and has made several acquisitions to strengthen its capabilities in areas such as artificial intelligence, analytics, and cloud computing.
Overall, Wipro has grown to become one of the largest and most successful IT services companies in the world, with operations in more than 50 countries.
Wipro share price
Wipro is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. Wipro’s shares can also be purchased on international stock exchanges where the company’s shares are traded. For example, Wipro’s American Depositary Receipts (ADRs), which represent its shares, are listed on the New York Stock Exchange (NYSE) in the United States.
Wipro’s shares were first listed on the Bombay Stock Exchange (BSE) in 1979. The company’s shares were later listed on the National Stock Exchange (NSE) in 1993. In 2002, Wipro became the first Indian IT company to be listed on the New York Stock Exchange (NYSE), when it listed its American Depositary Receipts (ADRs).
When we talk about the growth of Wipro share prices, the share prices have grown gradually over a period of time indicating a strong base, steady growth and good financial performance of the company. The Wipro share price peaked in Jan, 2022 when the prices reached INR 711.50 per share.
The current value of Wipro share price is at INR 388.20 ( as of 10th Jan, 2023). Click here to check the latest Wipro share prices.
Should you invest in Wipro shares
There are several factors that you may want to consider when evaluating whether to invest in Wipro shares, including the company’s financial performance, market conditions, and potential risks. It is important to keep updated with the latest development related to the company, carefully consider your own investment objectives and to consult with a financial professional before making any investment decisions. As every investor has a unique investing goal, all investment decisions should be taken at the investor’s own discretion after through research.
Be updated with the latest development related to Wipro share price here.
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