Company History -
Wipro
B.OBULIRAJ
1941
- 8,000 shares subscribed for by directors,
etc. 9,000 shares
offered
at par to public in February-March 1946.
1945
- The Company was Incorporated on 29th
December, at Mumbai. The
Company Manufacture vegetable ghee, vanaspati,
refined oils
including
salad oil, soap, waxs and tin containers for
packing, crushing and
oil
milling trading in oils and oilseeds and
manufacture of fluid power
products.
The Products trade names were Kisan, Sunflower and
Camel.
1971
- 5,667 Bonus shares issued in prop. 1:3.
1977
- The name of the Company was changed from
Western India Vegetable
Products Ltd., to Wipro Products Ltd., with
effect from 7th June.
It
was again changed to Wipro Ltd., with effect
from 28th April, 1984.
1980
- 22,667 Bonus shares issued in prop. 1:1.
- Diversifies into information technology.
1982
- Name again changed from Wipro Products
Limited to Wipro Limited.
1983
- The Company undertook to establish
manufacturing facilities at
Tumkur, for the manufacturing of hydraulic
tipping systems.
1984
- 45,334 Bonus shares issued in prop.
1:1. 1,500 shares issued at
par
to employees of the Company and its
subsidiaries.
1986
- Equity share subdivided, 9,21,680 Bonus
equity shares of Rs. 10
each
then issued in prop. 1:1.
1987
- `Ralak' a tulsi based family soap and `Wipro
Jasmine' a toilet
soap
was launched.
1988
- The company diversified the product line
into heavy duty
industrial
cylinders and mobile hydraulic cylinders.
1989
- The Company set up a joint venture company
with General Electric
of
U.S.A., in the name of Wipro GE Medical
Systems Pvt. Ltd., for the
manufacture, sale and service of diagnostic
and imaging products.
The
Joint Venture has also an OEM sourcing
arrangement with Elpro
International Ltd., for locally made x-ray
products. In 1990, the
joint venture became a subsidiary of the
Company.
- 18,43,360 Bonus shares issued in prop. 1:1.
1990
- Santoor talcum powder, a brand extension and
Wipro Baby Soft were
launched in the market.
- The Company established a relationship with
Eaton Corporation,
U.S.A.
for marketing of hydraulic products in India.
1991
- Tipping systems were launched. The Company undertook to set up a
high technology plant and R&D Centre at
Aurangabad with an
investment
of Rs 40 crores. The product range was to include incandescent
lamps,
linear and circular fluorescent lamps,
accessories and luminaries.
- Eaton Hydraulic products were launched. The Company set up a new
Unit Wipro Financial Services Ltd., for
serving customers with
capital resources, expertise and ideas to help
solve their financial
needs.
- The Company launched baby soft toiletries
viz. soap, powder and
oilbased on natural ingredients of lanolin,
olive, milk and almonds.
Feeding bottles followed in 1994.
- The Company partnering with world leaders
markets and supports a
wide
range of equipment and consumables for the
medical, diagnostic and
Bio-analytical markets.
1992
- The Computed tomography, ultra sound and
specialised x-ray systems
were launched.
It added to itself, products from Becton Dickinson
Bio-Rad Labs and Serono Diagnostics with a
view to becoming a single
comprehensive source for bio-research and
diagnostic instruments.
- The Wipro Fluid Power division has developed
expertise to offer
standard hydraulic cylinders for construction
equipment and truck
tipping systems. The company had introduced the
State-of-the-art
cartridge valves from Sun Hydraulics, USA for
the Indian market. A
second manufacturing unit has been set up at
Hindpurto augment
capacity.
- The Company issued 2,00,000-18.5% secured
redeemable
non-convertible
debentures of Rs 100 each on private placement
basis. These are
redeemable in three equal annual instalments
commencing on 23rd
March,
1998 and 5% premium payable on redemption.
- The Company issued 19% non-convertible
debentures of Rs
500,000,000
on private placement basis. These are redeemable on 9th September,
1994.
- Wipro Infotech Ltd., Wipro Systems Ltd.,
Wipro Investment Ltd.,
Inlec
Investment Ltd., and Wipro GE Medical Systems
Pvt. Ltd., are
subsidiaries of the Company.
- 36,86,720 Bonus shares issued in prop. 1:1.
-Wipro is providing services of IT & IS
consulting for E-business
Transformation, Electric Commerce, Web
Enabling, ERP, Data
Warehousing,
Customer Relationship Management.
1993
- Wipro Shikakai Herbal Power a hair care
product based on a
judicious mix of seven herbs was launched
during the year.
- The Company developed various cylinders for
critical applications
such as excavators, backhole loaders, wheel
loaders etc.
- The Company proposed to enter into a
financial joint venture with
Beckman Instruments Incorporated, U.S.A., for
manufacture of
bio-analytical instruments (diagnostic
instruments and reagents) in
India and to develop software and hardware for
international use by
Beckman.
Necessary steps were undertaken to implement the letter of
intent for the manufacture of analytical
instruments. Manufacturing
facilities were being established in Gurgaon,
Haryana and business
operations pertaining to the facilities were
to be carried out from
Delhi.
- Wipro BioMed proposed to add a Medical
division to offer a
comprehensive range of products in cardiology
and patient monitoring
from PPG Hellige.
1994
-Wipro has set up an overseas design centre,
Odyssey 21 for
undertaking
projects and product developments in advanced
technologies for
overseas
clients. Five of Wipro's manufacturing and
development facilities
secured the ISO 9001 certification during
1994-95. Wipro Infotech
and
Wipro Systems were amalgamated with Wipro in
Apr.'94.
1995
- A second manufacturing facility was
commissioned at Hindupur in
A.P.
where latest technology such as horizontal
induction hardening,
friction welding, high productivity skiving
and roller burnishing
has
been installed.
- The Company developed portable ultra sound
scanner logiq X 100,
having a range of clinical applications. The Company introduced
olive
oil enriched baby powder during the year.
- 76,38,545 Bonus equity shares issued in
prop. 1:1. 2,65,105 No.
of
equity shares of Rs 10 each allotted to
existing shareholders of
Wipro
Infotech Ltd., and Wipro Systems Ltd.,
respectively.
1996
- Registered office of Wipro shifted from
Mumbai to Bangalore.
1997
- The company has been providing design and
development services to
the
technology sector. A MOU was signed with Nenoki AG, Switzerland
for
technical know-how.
1998
- Wipro Consumer Care Segment of the Company
has been manufacturing
Santoor, a sandal and turmeric based safe soap
for skin with natural
ingredients.
The Wipro Consumer Care division relaunched milk and
rose
toilet soap in north India. Wipro Shikakai was extended to Wipro
herbal, India's first anti dandruff soap. Wipro's Camel brand is a
leader catering to the commercial biscuit
manufacturers and
bakeries.
- 305,54,180 bonus shares issued in proportion
2:1.
1999
- Wipro Net formed. Wipro acquires Wipro Acer.
- WIPRO Peripherals launched on Friday the
Wipro Proline range,
which
is the first bilingual Line Matrix Printers
(LMPs) that can
simultaneously print in English and Devnagri
(Hindi). The
Bangalore-based company has also set up a
language lab for research
and
development of products which support other
regional languages.
- Wipro SuperGenius personal computers (PCs)
have become the only
Indian PC range to obtain the US-based
National Software Testing
Laboratory's (NSTL) Certification for Year
2000 (Y2K) compliance.
The
operating systems of Wipro SuperGenius PCs are
also Y2K compliant.
- Wipro Ltd and Acer Computer International Ltd
of Singapore on
Wednesday announced the end of their joint
venture operations in the
country.
- Wipro Ltd, the Bangalore-based infotech
major, will be the first
company in Corporate India to split its part
value shares of Rs 10
each.
- Currently, Wipro's share capital is Rs 45.83
crore, comprising
45.83m
shares of the face value of Rs 10 each. The sub-division of shares
will be subject to Sebi guidelines, said a
notice issued by the
company
to the BSE.
- Wipro is also proposing to set up a new
employee stock option plan
for its permanent employees. Yet another resolution the company
takes
up at its AGM is to split the existing Rs 10
equity shares of Wipro
into five each of Rs 2 face value.
- Wipro Limited has joined hands with a global
telecom major KPN
(Royal
Dutch telecom) to form a joint venture company
to provide internet
services in India.
- Wipro would control the majority stake of 55
per cent while the
remaining will be with KPN. The joint venture company -- Wipro Net
Limited -- also intends to divest a part of
its equity to the Indian
public within three years.
- Wipro Ltd is picking up a 4.85 per cent
equity stake in the
Chennai-based Kaashyap Radiant Systems Ltd
(KRSL). For the purpose,
Wipro is subscribing to 5 lakh equity shares
of KRSL with an
investment
of Rs 50 lakh.
- Out of the public issue, 3.2 lakh shares of
Rs 10 each are
reserved
to the employees of KRSL and 2.6 lakh equity
shares to
NRIs/OCBs/FIIs,
while the rest is being set aside for the
public.
2000
- The Company proposes to issue ADR/GDR linked
stock options to
employees of the company, its subsidiaries and
associates up to an
amount not exceeding 0 millions.
- The Company has set up a new division to
capitalise on the
emerging
opportunities in the internet arena.
- The Company has entered into a tie-up with
Vignette Corp of the US
to
provide co-developed solutions for online
businesses, according to a
news release from Wipro.
- Wipro technologies, has become a global
implementation alliance
partner of Mercator software, Inc. (Nasdaq
MCTR), an e-business
transformation company.
- Wipro has become the second largest company
in terms of market
capitalisation on the Bombay Stock Exchange.
- The Company for the fourth year has won the
top award of STPI for
software exports for the year 1999-2000.
- The Company has been awarded first prize, at
national level, for
outstanding export performance during
1999-2000 from the Software
Technology Parks of India.
- The Company has launched solutions for
convergent networks called
Wipro OSS Smart and Wipro WAP Smart targeted
at Internet and telecom
solution providers.
- Wipro Peripherals, the division of Wipro,
has entered into a
strategic business partnership with Kilburn
Reprographics to
consolidate its position in the government and
PSUs.
- Microsoft has decided to tie up with Indian
software majors like
Wipro to outsource some part of the software
development work for
the
.Net as well as other projects.
- The Peripherals Division of Wipro Infotech
will be hived off as a
separate entity, largely owned by employees
led by Mr. Ram N
Agarwal.
- Wipro Ltd. has proposed a new ESOP plan
(WESOP) 2000) as its
earlier
WESOP 1999 is expected to be exhausted over
the next few months.
- Wipro Ltd had tied-up with Japan's telecoms
technology firm Bussan
Systems Integration Co. to develop BSI's
requirement of mobile
telecoms
technologies.
- Wipro Baby Soft, the bay care brand of Wipro
Consumer Care and
Lighting, has declared six babies `Wipro Baby
Soft Millennium
Babies'
and presented them with an education bond
worth Rs 1 lakh and a gift
hamper.
- Investment Information and Credit Rating
Agency Ltd has reaffirmed
the `A1+' rating assigned to the Rs. 100-crore
commercial paper
programme of Wipro Ltd.
- The Company has bagged the PC Quest's User's
Choice Awards, 2000,
in
the Home ahd Office OC Segment.
- The Company set up multiple digital
exchanges for the IT
marketplace.
- Wipro Corporation, has tied up with City
based merchant bankers
BNK
group for setting up the first call centre in
eastern India.
- The Indian unit of US-based Citrix Systems
Inc, a maker of network
software, that it had tied up with Wipro Ltd
to market its software
in
India.
- Wipro Net, the internet services provider
arm of Wipro
Corporation,
has set up three nodes in Kochi, Coimbatore
and Jamshedpur, thereby
expanding its presence to 11 cities in the
country.
- Wipro Ltd will make an American Depository
Receipts issue of
0-0 million.
- Infotech major Wipro launched 01Markets.com,
a portal for the IT
industry.
- The company has informed that it has file a
registered statement
with
Securities and Exchange Commission covering a
proposed public offer
of
27,50,000 Amrican Depository Shares,
representing 27,50,000 equity
shares (excluding the underwriters' option to
purchase an additional
4,12,500 American Depository Shares
representng 4,12,500 equity
shares
to cover overallotments, if any).
- Wipro Ltd. has acquired two properties from
Cidco in Navi Mumbai
to
set up state-of-the-art software development
facilities.
- Wipro Ltd. is setting up software
development facilities in Navi
Mumbai.
- Wipro Ltd has tied-up with the US-based
Software Technologies
Corporation (STC), to market STC's software
services.
- 01markets, the neutral B2B digital
marketplace of Wipro, was
launched
in Bangalore .
- Wipro's ISP, NetKracker, has tied up with a
L&T's finance portal
LTtrade.com to offer financial services on the
Net to the retail
segment.
- Arun Thiagarajan, putting an end to a two
year controversial
carrer
as vice chairman of Wipro and chief executive
officer of Wipro
Infotech, has moved to the India Operations of
Hewlett-Packard (HP)
as
president.
- Wipro has entered into an agreement with ICICI
Venture Fund
Management Compeny Ltd. for an investment of Rs 30 crore or 51 per
cent equity interest in Net Kracker Ltd. by
ICICI.
- Infotech major Wipro Ltd has acquired a 45
per cent stake in the
Internet service provider Wipro Net Ltd, from
Dutch
telecommunications
operator KPN Telecom at Rs 108.8 crore.
2001
- Wipro Infotech spun off its peripherals
services division into a
new
legal entity, Wipro e-Peripherals Sep 2000. In
Feb. 2001, Wipro
became
the first software technology and services
company in India to be
certified for ISO 14001 certification for
complying with the
international standards for Environmental
Management System (EMS) in
three major software development and
technology centres in Bangalore.
- The Company has been awarded the ISO 9002
certification for
Network
Management, Service Implementation and
Customer Relationship
Management.
- Mr. Vivek Paul, the Vice Chairman of the
company and Wipro
Technologies, has been elected as Director to
the Board of the
California Chamber of Commerce for a
three-year term with effect
from
January 1.
- 01markets.com, the digital market place for
IT products and
services
promoted by Wipro has launched an online trade
fair -- 01 Web fair
to
offer products including servers, and bundled
software at rock
bottom
prices.
- Wipro Infotech's Software Enterprises
division has won the Top
Partner of the Year 2000 award for news
business performance at the
second iPlanet Asia Pacific Partner Summit at
Phuket, Thailand.
- Wipro Consumer Care and Lighting Group has
entered the market of
Compact Fluorescent Lamps, with the launch of
a range of CFL, under
the
brand name of Wipro Smartlite.
- Wipro Net has enterisng into a strategic tie
up with the US-based
Speedera Networks Inc.
- Wipro chairman Azim Premji has pledged 2.06
million equity shares
of
Wipro in favour of ICICI in the option
agreement involving Wipro
Net,
according to the company's annual report for
financial 2001.
- Indian hardware vendors such as Wipro and
HCL have signed up with
Intel for the launch of servers with Intel’s
Itanium processor. The
Itanium processor follows a parallel
instruction computing, which
significantly boosts performance, said Mr
Narendra Bhandari, general
manager, Internet solutions group, Intel, in a
meeting with
presspersons.
- Wipro ePeripherals, the largest
employee-owned company in the
country, on August 16 announced its tieup with
the US-based Network
Appliance, to offer storage solutions and
content delivery solutions
in
India.
- Technologies, Wipro Ltd has been
consolidating its
communications-oriented business. During
FY2000-01, its business in
communications grew to Rs 1,044.61 crore from
a base of Rs 586.13
crore
in 1999-00.
- Wipro Net has been amalgamated with the
company with effect from
Ist
April 2001 which will enable it to synergise
the customer offerings
under one management and enable it to offer
the specialized telecom
skills available within both the companies.
2002
- Wipro Ltd has informed that the Mr. Hamir K
Vissanji, the
Director,
has resigned from the Board with effect from
January 15, 2002.
- The company has strong software engineering
processes & also
achieved
ISO 9000 certification. Wipro is the first
software company to get
SEI
Level 5 & also implemented Six Sigma TQM
practices to software
projects
and support functions.
- The company launched its German operations
based out of Frankfurt
which will address the requirements of the
enterprise for bussiness
applications as well as R&D outsourcing
requirements of technology
companies.
-Wipro decided to acquire 66% stake in
Spectramind e-services the
million deal on July 31, 2002. Post-deal,
Wipro's stake in the company
was around 90 per cent.
-Wipro Ltd has informed BSE that the Board of
Directors vide circular
resolution effective August 01, 2002 resolved
to issue and allot 337
equity shares of Rs 2 each pursuant to
exercise of stock options by
eligible employees.
-P S Pai retires from Whole-time Directorship
of Wipro.
2003
- Wipro Ltd today (January 31, 2003) announced
the appointment of T K
Kurien as President of Wipro HealthScience,
the new business segment
formed in April 2002 to address the market
opportunities in
Healthcare and Life Science IT. T K Kurien
will report into Vivek
Paul, Vice Chairman. Suresh Vaswani, 42, President
- Wipro Infotech,
our India, Asia Pac and Middle East IT
Business, will head the
Telecom & Internet Service Provider (TISP)
Vertical in Wipro
Technologies, reporting to Vivek Paul, in
addition to his existing
responsibilities. Suresh Vaswani will continue
to report to Azim
Premji, Chairman, for Wipro Infotech business.
- Ehosting DataFort of Dubai and Wipro Ltd
have signed a memorandum
of understanding to offer disaster recovery
solutions. eHosting
DataFort, a subsidiary of the Dubai
Technology, E-commerce and Media
Free Zone (TECOM), is a leading regional
provider of managed hosting,
security and disaster recovery services,
according to a statement from
Wipro, made available to Reporters. Wipro and
eHosting DataFort will
together offer comprehensive disaster recovery
solutions, covering
disaster recovery planning, implementation and
management to their
customers.
- Wipro increases stake to 100% in Wipro
Spectramind Services
- Wipro is fastest wealth creator for 5 years,
reveals study
- Wipro Spectramind bags -m BPO order from
Microsoft
- Wipro's e-procurement arm, 01 Markets has
unveiled a web-tendering
solution for the Indian market
- Company launches its own laptops with
Intel's Centrino mobile
processor
- Chairman Azim Premji, with a networth of .9
billion, has made it
to the Forbes list of ten most powerful
billionaires in the world
- Enters into a definitive agreement to
acquire NerveWire Inc,, a
Newton, Massachusetts based Business and IT
Consulting company
serving financial services clients, for
approximately $ 18.7 million
in cash
- Wipro Spectramind tops annual ranking of
third-party call centre &
BPO companies for 2002-03
- Enters into an exclusive agreement with the
owners of Chandrika for
marketing of their soap in select states in
India
- Wipro Infotech, the IT arm of Wipro Ltd.,
has tied up with US-based
Sistina Software Inc. to provide services to
customers of Sistina
Software Inc. in India, Asia Pacific and West
Asia
- Oriental Bank of Commerce chooses Wipro for
its Centralized Banking
Solution project
- Fortune magazine lists the 25 most powerful
business leaders
outside US where Mr.Azim Premji, CEO Wipro has
been ranked 17th in
the list
- Wipro01 Markets, the Procurement Service
Provider, bags first
overseas customer (Almana Group of Hospitals,
one of the largest
heathcare groups in Middle-East)
- Enters into an alliance with Witness
Systems, the US based leading
provider of contact centre performance
optimisation solutions, to
market and integrate the complete range of
Witness Systems' eQuality
browser based solutions to contact centres in
India
- Wipro Healthcare and Life Science Services
inks pact with Malaysian
company to float a healthcare informatics
systems in Malaka
-Alloted 655 equity shares of Rs. 2/- each
pursuant to exercise of
stock options by eligible employees.
-Wipro Infotech makes entry into Bahrain by
appointing Maskati
Commercial services as its local business
partner.
-Wipro set up training centre in Riyadh for
Saudi Arabian nationals.
-To issue and allot 8803 equity shares of
Rs.2/- each pursuant to
exercise of stock options by eligible
employees.
- Company have set up a wholly owned
subsidiary company viz. Wipro
Consumer Care Limited. This Company will be
engaged in the
manufacture of consumer care and lighting
products.
-Company has signed a master service agreement
with its client,
General Motors (GM). This umbrella contract
encompasses all of
Wipro's existing efforts with GM and gives
licence to all its
divisions to bid for the latter's projects
independently. The
agreement broadly outlines the pricing,
delivery and penalties of GM
projects with its vendors.
-Wipro set up training centre in Riyadh
-Wipro signs a partnership agreement to
jointly market
-Wipro partners with Excelergy
2004
-Wipro Ltd has informed that Mr V Ramachandran
who has been appointed
as Company Secretary with effect from August
01, 2003, shall act as
the Compliance Officer of the Company with
respect to compliance of
the stock exchange listing agreement
requirement.
-Wipro emerges as biggest wealth creator
during April '98-Mar '03
-Wipro inks MoU with UAE centre
-Israeli firm ties up with Wipro Spectramind
-Wipro joins billion dollar club
-01 markets, the e-procurement business unit
of Wipro, has been
sliced into two units. One will go with Wipro
Technologies, while the
other will be part of Wipro Infotech.
- Wipro
bags bn, long-term outsourcing contract from Anglo-Dutch
energy to oil major Royal Dutch Shell Group.
- Wipro acquires 50 acres of land from MIDC
-Itqan Al Bawardi, the UAE's leading systems
integrator, has entered
into an agreement with Wipro
-Wipro, India's No. 2 listed software service
company, said it had
won a multi-year contract from Switzerland's
Loyalty Gate Ltd., which
helps airlines run loyalty programmes
-Wipro partners with Intel for i-shiksha
2005
-NYSE partners with Wipro on Corporate
Governance Web Site
-Wipro Ltd implements the Dubai Commodity
Receipts (DCR) application
for the Dubai Metals and Commodities Centre
(DMCC)
- Barron's, the Dow Jones Business and
Financial Weekly, names Vivek
Paul, Vice Chairman, of the Company as one of
the 30 of The World's
Most Respected CEOs.
-Wipro Infotech announced on September 06 that
it has signed a
contract with Karnataka Bank for the
implementation of a solution for
asset liability management.
2006
- Wipro's Global Command Center bags Nasscom's
IT innovation award
- Wipro Ltd has informed that Wipro
Technologies, the global services
division of the Company has announced that its
remote managed
infrastructure delivery solution, the Global
Command Center (GCC),
has been awarded NASSCOM's IT innovation award
for 2005.
- Wipro acquires cMango Inc., a US based
Technology Infrastructure
Consulting firm.
- Wipro Ltd has informed that Wipro
Technologies has announced that
it has signed an agreement to acquire Europe
based retail solutions
provider, Enabler in an all cash deal.
2007
- Wipro inks deal with Lockheed Martin.
- Wipro has entered into a definitive
agreement to acquire Oki Techno
Centre Singapore Pte Ltd (OTCS).
- Wipro - Nokia Siemens Networks & Wipro
sign R&D partnership
contract in Germany.
2008
-Wipro Ltd on April 18, 2008 announced changes
in the management
structure of its IT Business and expansion of
its Board of Directors.
Girish Paranjpe, Suresh Senapaty and Suresh
Vaswani have been
appointed to the Board of Wipro Ltd. Wipro
also re-structured its IT
Business by appointing Girish Paranjpe and
Suresh Vaswani as
Joint-CEOs.
- Wipro - Saudi Arabian Airlines selects Wipro
Arabia to deliver next
generation IT infrastructure transformation.
- Wipro sets up global service centre in
Malaysia. This centre will
serve the infrastructure and application
management service
requirements of customers across the ASEAN
region through a remote
service delivery model.
2009
- Wipro Technologies has appointed Ralf Reich
as the Country Head for
Germany. Germany being a key market and a
growth engine for the
European business, Ralf will continue to
strengthen Wipro's presence
there.
- Wipro announced that Dr Henning Kagermann,
President of Acatech
(German Academy of Science and Technology) is
joining its Board of
Directors. Dr Kagermann joins 10 distinguished
members of Wipro's
Board of Directors, With his addition, seven
of the eleven directors
of Wipro will be independent directors.
- Wipro was awarded the Teradata Partner
Impact award in the APAC
emerging markets SI partner category at its
24th annual Teradata
partners user group conference and expo by
Teradata.
- Wipro Ltd has partnered Ariba, inc. which is
a leading spend
management solutions provider, in order to
help companies across
India boost their spend management
initiatives.
2010
- Wipro Technologies announced the
inauguration of its new
development centre in Melbourne.
- Wipro Ltd today announced bagging a 10 year
total outsourcing
contract from TV Sundram Iyengar & Sons,
automobile and parts
distribution company,
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