| Business Summary | | Wipro
Limited,
incorporated
in
1945
as
Western
India
Vegetable
Products
Limited,
was
initially
engaged
in
the
manufacture
of
hydrogenated
vegetable
oil.
Over
the
years,
the
Company
has
diversified
into
the
areas
of
IT
services,
IT
products
and
Consumer
Care
&
Lighting
Products.
The
Company
provides
research
and
development
services
and
software
solutions
to
companies
worldwide.
Wipro
Limited
is
a
major
provider
of
IT
services
globally
and
leverages
offshore
development
facilities
located
in
India
to
offer
these
services.
The
Company
also
has
a
profitable
presence
in
niche
Indian
market
segments
of
consumer
products
and
lighting. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wipro
Ltd.
is
a
leading
India
based
provider
of
IT
services
globally
which
provides
high-end
solutions
to
leading
companies
worldwide.
For
the
three
months
ended
6/30/01,
revenues
rose
18%
to
RS7.65
billion.
Net
income
before
acct.
change
rose
89%
to
RS1.89
billion.
Revenues
reflect
an
increase
in
Global
IT
services,
Indian
IT
services
and
consumer
care.
Earnings
also
reflect
increased
billing
rates
and
increased
IT
professional
utilization
rates. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Azim Premji, 54 Chairman,
Managing Director | $502K | P. Pai, 57 Vice
Chairman | -- | Vivek Paul, 41 Vice
Chairman | -- | Suresh Senapaty, 43 Exec.
VP-Fin. | -- | Dileep Ranjekar, 49 Exec.
VP of HR | -- | Dollar amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|