Wipro Technologies

company

About

Wipro is a technology services and consulting company focused on building solutions that address clients’ digital transformation needs.

Details

Last Funding Type
Post-IPO Secondary
Last Funding Money Raised
₹2.58B
Industries
Consulting,Information Services,Information Technology
Founded date
Jan 1, 1945
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
nse:WIPRO
Legal Name
Wipro Technologies Limited
Also Known As
Wipro Limited,WIPRO LTD

Wipro is a global information technology, consulting, and outsourcing company with a 160,000+ workforce serving clients in 175+ cities across 6 continents. The company posted revenues of $7.6 billion for the financial year ended Mar 31, 2015.

Wipro helps customers do business better by leveraging Wipro industry-wide experience, deep technology expertise, comprehensive portfolio of services and vertically aligned business model. Wipro's 55+ dedicated emerging technologies ‘Centers of Excellence’ enable them to harness the latest technology for delivering business capability to our clients.

Wipro is globally recognized for its innovative approach towards delivering business value and its commitment to sustainability. Wipro champions optimized utilization of natural resources, capital and talent. Today Wipro is a trusted partner of choice for global businesses looking to ‘differentiate at the front’ and ‘standardize at the core’ through technology interventions. In today’s world, organizations will have to rapidly reengineer themselves and be more responsive to changing customer needs. Wipro is well positioned to be a partner and co-innovator to businesses in their transformation journey, identify new growth opportunities and facilitate their foray into new sectors and markets.

Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is is an Indian multinational provider of Information Technology services, Consulting and Business Process Outsourcing. It is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization and has a worldwide presence with global centers across 54 countries. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
₹2.58B €0.90B
Wipro Technologies has raised a total of ₹2.58B €0.90B in funding over 2 rounds. Their latest funding was raised on Nov 22, 2022 from a Post-IPO Secondary round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 22, 2022 Post-IPO Secondary ₹2.58B 1 Societe Generale Detail
Mar 1, 2018 Post-IPO Equity €0.90B 1 Elliott Management Detail
Sep 1, 2007 Post-IPO Equity 1 MAPE Advisory Group Detail
Oct 1, 2006 Post-IPO Equity 1 MAPE Advisory Group Detail
Sep 29, 2000 IPO Detail

Investments

Number of Investments
Number of Lead Investments
10
6
Wipro Technologies has made 10 investments. Their most recent investment was on Nov 8, 2022, when VMware - Business Unit raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Corporate Round Yes
Mar 1, 2018 Denim Group
Corporate Round Information Technology
Jan 24, 2018 Harte Hanks
Post-IPO Equity $9.90M Advertising Yes
Dec 23, 2017 Imanis Data
Corporate Round $2.05M Analytics Yes
Apr 13, 2016 Emailage
Series A $5.67M Air Transportation

Investors

Number of Lead Investors
Number of Investors
4
3
Wipro Technologies is funded by 3 investors. Societe Generale and Elliott Management are the most recent investors.
Investor Name Lead Investor Funding Round
Societe Generale Yes Post-IPO Secondary
Elliott Management Yes Post-IPO Equity
MAPE Advisory Group Yes Post-IPO Equity

Employee Profiles

Number of Employee Profiles
80
Wipro Technologies has 80 current employee profiles, including Executive Don McCormick
Executive
Executive
Executive
Executive

Exits

Wipro Technologies has had 5 exits. Wipro Technologies most notable exits include Denim Group ,   Harte Hanks

Date Company Name Exit Type Industry
Jun 1, 2021 Denim Group M&A Information Technology Detail
Jul 13, 2020 Harte Hanks IPO Advertising Detail
Feb 3, 2020 Emailage M&A Air Transportation Detail
May 8, 2019 Imanis Data M&A Analytics Detail
Jul 24, 2014 Axeda M&A Enterprise Software Detail

Acquisition

Wipro Technologies has acquired 37 organizations. Their most recent acquisition was NewLogic Technologies AG on Dec 19, 2005. They acquired NewLogic Technologies AG for €47M.

Date Company Name
Industry Acquisition Type Price
Semiconductor acquisition € 47M Detail
Information Services acquisition Detail
Business Information Systems acquisition Detail
Feb 21, 2006 cMango
Consulting acquisition $ 20M Detail
Consulting acquisition $ 10M Detail