WIT on NYSE

Wipro

Logo: Editlogowipro, CC BY-SA 4.0, via Wikimedia Commons⁵

Multinational IT services and consulting company

$1.86 up 0.07 (3.61%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Dec 29, 1945Founded¹

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TickerWIT on NYSE¹
IndustryIT service management, information technology consulting¹
HeadquartersBengaluru¹
Websitewww.wipro.com
Legal formjoint-stock company¹
Listed onBombay Stock Exchange (507685), National Stock Exchange of India (WIPRO), New York Stock Exchange (WIT)¹
Business addressSurvey #76P & #80P Doddakanahalli Villag, Varthur Hobli Sarjapur Rd Bangalore, Karnataka, 560035⁶
Filer categoryLarge accelerated filer⁶

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Wipro Limited is an Indian multinational technology company based in Bengaluru. It provides information technology, consulting and business process services, and is one of India's Big Six IT services companies. Wipro's services include cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technologies.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.7%Gross margin⁹

17.0%Operating margin⁹

14.8%Net margin⁹

-3.2%Revenue growth, 2025⁹

15.9%Return on equity⁹

$1.8BFree cash flow⁹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Information Technology services [member] brought in 99% of the revenue Wipro broke down this way in fiscal 2026.

Information Technology services [member]921.2B INR¹⁰99%up 4% from 2025
Information Technology products [member]6.9B INR¹⁰1%up 158% from 2025

Products and services by year

Products and services	2024	2025	2026
Information Technology services [member]	893.8B INR	888.2B INR	921.2B INR
Information Technology products [member]	4.1B INR	2.7B INR	6.9B INR

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Other costs85¢$8.9B
Profit15¢$1.5B

Out of $10.4B in revenue.⁹

Where each dollar of operating cash went, fiscal 2025

Kept or used elsewhere

Capital spending9¢$173.0M
Kept or used elsewhere91¢$1.8B

Out of $2.0B of cash from operations.⁹

Financial statements

Revenue¹¹¹²¹³¹⁴¹⁵¹⁶⁹$10.4B in 2025+23% since 2019

Gross profit¹¹¹²¹³¹⁴¹⁵¹⁶⁹$3.2B in 2025+28% since 2019

Operating income¹¹¹²¹³¹⁴¹⁵¹⁶⁹$1.8B in 2025+23% since 2019

Net income¹¹¹²¹³¹⁴¹⁵¹⁶⁹$1.5B in 2025+19% since 2019

Every line of the income statement in the latest annual report, as filed.¹⁰

Period ending	2026-03-31	2025-03-31	2024-03-31
Revenues	926.2B INR	890.9B INR	897.6B INR
Cost of revenues	-656.2B INR	-617.8B INR	-631.5B INR
Gross profit	270.0B INR	273.1B INR	266.1B INR
Selling and marketing expenses	-59.2B INR	-64.4B INR	-70.0B INR
General and administrative expenses	-61.4B INR	-57.5B INR	-60.4B INR
Foreign exchange gains/(losses), net	1.9B INR	32.0M INR	340.0M INR
Results from operating activities	151.3B INR	151.3B INR	136.1B INR
Finance expenses	-14.6B INR	-14.8B INR	-12.6B INR
Finance and other income	36.5B INR	38.2B INR	23.9B INR
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method	257.0M INR	254.0M INR	-233.0M INR
Profit before tax	173.4B INR	175.0B INR	147.2B INR
Income tax expense	-40.8B INR	-42.8B INR	-36.1B INR
Profit for the year	132.7B INR	132.2B INR	111.1B INR
Equity holders of the Company	132.0B INR	131.4B INR	110.5B INR
Non-controlling interests	681.0M INR	826.0M INR	669.0M INR
Profit for the year	132.7B INR	132.2B INR	111.1B INR
Basic	12.60 INR	12.56 INR	10.44 INR
Diluted	12.56 INR	12.52 INR	10.41 INR
Basic	10.5B shares	10.5B shares	10.6B shares
Diluted	10.5B shares	10.5B shares	10.6B shares

Total assets¹¹¹²¹³¹⁴¹⁵¹⁶⁹$15.1B in 2025+25% since 2019

Total liabilities¹¹¹²¹³¹⁴¹⁵¹⁶⁹$5.3B in 2025+41% since 2019

Shareholders’ equity¹¹¹²¹³¹⁴¹⁵¹⁶⁹$9.7B in 2025+18% since 2019

Cash¹¹¹²¹³¹⁴¹⁵¹⁶⁹$1.4B in 2025−38% since 2019

Every line of the balance sheet in the latest annual report, as filed.¹⁰

Period ending	2026-03-31	2025-03-31	2024-03-31
Goodwill	387.4B INR	325.0B INR	316.0B INR
Intangible assets	29.2B INR	27.4B INR
Property, plant and equipment	81.8B INR	80.7B INR
Right-of-Use assets	28.3B INR	25.6B INR
Derivative assets	0 INR
Investments	28.1B INR	26.5B INR
Trade receivables	349.0M INR	299.0M INR
Unbilled receivables	7.4B INR	0 INR
Other financial assets	6.3B INR	4.7B INR
Investments accounted for using equity method	2.1B INR	1.3B INR
Deferred tax assets	5.2B INR	2.6B INR
Non-current tax assets	7.8B INR	7.2B INR
Other non-current assets	9.0B INR	7.5B INR
Total non-current assets	592.9B INR	508.7B INR
Inventories	517.0M INR	694.0M INR
Derivative assets	888.0M INR	1.8B INR
Investments	437.7B INR	411.5B INR
Cash and cash equivalents	105.6B INR	122.0B INR	97.0B INR
Trade receivables	135.9B INR	117.7B INR
Unbilled receivables	76.8B INR	64.3B INR
Other financial assets	10.2B INR	8.4B INR
Contract assets	14.8B INR	15.8B INR
Current tax assets	10.8B INR	6.4B INR
Other current assets	33.2B INR	29.1B INR
Total current assets	826.4B INR	777.8B INR
TOTAL ASSETS	1.4T INR	1.3T INR
Share capital	21.0B INR	20.9B INR
Share premium	6.2B INR	2.6B INR
Retained earnings	735.1B INR	716.5B INR
Share-based payment reserve	7.9B INR	7.0B INR
Special Economic Zone Re-investment reserve	26.0B INR	27.8B INR
Other components of equity	89.3B INR	53.5B INR
Equity attributable to the equity holders of the Company	885.4B INR	828.3B INR
Non-controlling interests	2.5B INR	2.1B INR
TOTAL EQUITY	887.9B INR	830.4B INR	751.2B INR
Loans and borrowings	2.0B INR	64.0B INR
Lease liabilities	26.3B INR	22.2B INR
Accrued expenses	4.4B INR	0 INR
Other financial liabilities	6.7B INR	7.8B INR
Deferred tax liabilities	17.3B INR	16.4B INR
Non-current tax liabilities	48.2B INR	42.0B INR
Other non-current liabilities	23.0B INR	17.1B INR
Provisions	224.0M INR	294.0M INR
Total non-current liabilities	128.2B INR	169.8B INR
Loans, borrowings and bank overdrafts	165.9B INR	97.9B INR
Lease liabilities	8.7B INR	8.0B INR
Derivative liabilities	11.0B INR	968.0M INR
Trade payables and accrued expenses	94.9B INR	88.3B INR
Other financial liabilities	11.4B INR	3.9B INR
Contract liabilities	25.4B INR	20.1B INR
Current tax liabilities	49.6B INR	34.5B INR
Other current liabilities	34.8B INR	31.1B INR
Provisions	1.5B INR	1.6B INR
Total current liabilities	403.2B INR	286.3B INR
TOTAL LIABILITIES	531.4B INR	456.1B INR
TOTAL EQUITY AND LIABILITIES	1.4T INR	1.3T INR

Cash from operations¹¹¹²¹³¹⁴¹⁵¹⁶⁹$2.0B in 2025+18% since 2019

Capital spending¹¹¹²¹³¹⁴¹⁵¹⁶⁹$173.0M in 2025−47% since 2019

Free cash flow¹¹¹²¹³¹⁴¹⁵¹⁶⁹$1.8B in 2025+34% since 2019

Every line of the cash flow in the latest annual report, as filed.¹⁰

Period ending	2026-03-31	2025-03-31	2024-03-31
Profit for the year	132.7B INR	132.2B INR	111.1B INR
Gain on sale of property, plant and equipment, net	-393.0M INR	-606.0M INR	-2.1B INR
Depreciation, amortization and impairment expense	29.1B INR	29.6B INR	34.1B INR
Unrealized exchange (gain)/loss, net	2.2B INR	-623.0M INR	655.0M INR
Share-based compensation expense	4.5B INR	5.6B INR	5.6B INR
Share of net (profit)/loss of associate and joint venture accounted for using equity method	-257.0M INR	-254.0M INR	233.0M INR
Income tax expense	40.8B INR	42.8B INR	36.1B INR
Finance and other income, net of finance expenses	-21.9B INR	-23.4B INR	-11.3B INR
Change in fair value of contingent consideration	49.0M INR	-169.0M INR	-1.3B INR
Lifetime expected credit loss/(write-back)	2.8B INR	324.0M INR	640.0M INR
Other non-cash items	0 INR	0 INR	488.0M INR
(Increase)/Decrease in trade receivables	-11.4B INR	1.9B INR	7.8B INR
(Increase)/Decrease in unbilled receivables and contract assets	-14.5B INR	-1.3B INR	5.9B INR
(Increase)/Decrease in Inventories	184.0M INR	213.0M INR	287.0M INR
Increase)/Decrease in other financial assets and other assets	-205.0M INR	6.6B INR	8.9B INR
Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions	8.5B INR	548.0M INR	-435.0M INR
Increase/(Decrease) in contract liabilities	3.6B INR	2.3B INR	-5.1B INR
Cash generated from operating activities before taxes	175.6B INR	195.6B INR	191.6B INR
Income taxes paid, net	-26.2B INR	-26.2B INR	-15.4B INR
Net cash generated from operating activities	149.3B INR	169.4B INR	176.2B INR
Payment for purchase of property, plant and equipment	-15.6B INR	-14.7B INR	-10.5B INR
Proceeds from disposal of property, plant and equipment	758.0M INR	1.8B INR	4.0B INR
Investment in associate	-352.0M INR	0 INR	0 INR
Payment for purchase of investments	-837.8B INR	-801.6B INR	-975.1B INR
Proceeds from sale of investments	816.7B INR	706.5B INR	978.6B INR
Payment for business acquisitions including deposits and escrow, net of cash acquired	-26.0B INR	-964.0M INR	-5.3B INR
Payment for investment in joint venture	0 INR	0 INR	-484.0M INR
Proceeds from/(repayment of) security deposit for property, plant and equipment	0 INR	-300.0M INR	300.0M INR
Interest received	28.9B INR	26.2B INR	20.1B INR
Dividend received	3.0M INR	2.3B INR	3.0M INR
Net cash generated from/(used in) investing activities	-33.4B INR	-80.7B INR	11.7B INR
Proceeds from issuance of equity shares and shares pending allotment	33.0M INR	27.0M INR	13.0M INR
Repayment of loans and borrowings	-259.8B INR	-177.7B INR	-130.6B INR
Proceeds from loans and borrowings	253.1B INR	195.6B INR	120.5B INR
Payment of lease liabilities including interests	-11.6B INR	-10.5B INR	-10.1B INR
Payment for buyback of equity shares, including tax and transaction cost	0 INR	0 INR	-145.2B INR
Payment for contingent consideration	-648.0M INR	0 INR	-1.3B INR
Payment of deferred consideration on business combination	-221.0M INR	0 INR	0 INR
Interest and finance expenses paid	-6.3B INR	-8.7B INR	-10.5B INR
Payment of dividend	-115.2B INR	-62.8B INR	-5.2B INR
Payment of dividend to Non-controlling interests holders	-569.0M INR	0 INR	-322.0M INR
Net cash generated from/(used in) financing activities	-141.3B INR	-64.0B INR	-182.6B INR
Net increase/(decrease) in cash and cash equivalents during the year	-25.4B INR	24.7B INR	5.3B INR
Effect of exchange rate changes on cash and cash equivalents	8.9B INR	290.0M INR	-239.0M INR

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The story

Founded by Azim Premji on Dec 29, 1945.¹

Early years

The company was incorporated on 29 December 1945 in Amalner by MH Hasham Premji as Western India Vegetable Products Limited, a manufacturer of cooking oils. In 1966, after Hasham Premji's death, his son Azim Premji took over as chairperson at age 21.

The company changed its name to Wipro Products Limited in 1977, followed by Wipro Limited, a syllabic abbreviation of the original name, in 1982.

Shift to IT

In the 1980s, recognizing opportunities in computer hardware and software, the company established subsidiaries Wipro Infotech and Wipro Systems. In 1981, Wipro developed the first Indian minicomputer based on the Intel 8086 chip in an IISc lab. The software division began in 1984 with the development of a spreadsheet and word-processing suite but shifted to offshore software development in 1990.

By the mid-1990s, Wipro had become one of India's leading manufacturers of personal computers, peripherals, and medical diagnostic equipment. In 1998, the company reported being the second-largest software exporter from India, and gradually increased its focus on the higher-margin software services business which accounted for the vast majority of its profits.

During the dot-com boom of the early 2000s, Wipro became the largest company in India by market capitalization, reaching a value three times that of the next largest listed company, Infosys. Consequently, Wipro's majority shareholder Azim Premji was the richest Indian for five consecutive years.

In 2004, Wipro became the second listed Indian IT company to report annual revenues exceeding US$1 billion. By 2006, approximately 30% of its total revenue came from product engineering R&D services.

In 2007, Wipro introduced a line of supercomputers known as Wipro Supernova. In 2011, Wipro, in collaboration with the Indian Space Research Organisation (ISRO), developed India's then-fastest supercomputer, SAGA-220, which was deployed at the Vikram Sarabhai Space Centre.

In 2012, Wipro demerged its non-IT businesses into a new private company named Wipro Enterprises. Prior to this demerger, these businesses—primarily in consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics—accounted for about 14% of Wipro's total revenues. In 2013, Wipro shut down its hardware division, discontinuing the manufacture of personal computers, laptops, and servers.

Read the full text

In 2014, Wipro set up its design and mobility services business division called Wipro Digital. In 2015, Wipro established its strategic investment arm–Wipro Ventures–to invest in early- and mid-stage enterprise software startups and venture capital funds in the US, India and Israel.

In 2021, Wipro reported that a third of its workforce was engaged in cloud projects, and announced a $1 billion investment in its FullStride Cloud Services vertical.

From Wikipedia’s article on Wipro, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Wipro, and when. Pick a name to see everywhere that person has worked.

FounderAzim Premji¹
Chief executive officerAbidali Neemuchwala¹

Products and brands

Wipro serves clients in industries such as financial services, healthcare, manufacturing, retail, and telecommunications. As of 2025, its service offerings are divided under four global business lines (GBLs), each having different leaders:

Wipro Technology Services: IT services in cloud, cybersecurity, data analytics, artificial intelligence, enterprise applications, and design, among other domains.

Wipro Consulting Services: Strategy advisory and business consulting services.

Wipro Engineering Edge: Engineering, research and development (ER&D) services for semiconductors and embedded systems, software-defined systems, Industry 4.0, and communications, among others.

Read the full text

Wipro Business Process Services: Business process management (BPM) services.

From Wikipedia’s article on Wipro, shared under CC BY-SA 4.0.⁷

Subsidiaries and ownership

Owners

Azim Premji

Subsidiaries

Wipro (Singapore)
Yardley of London

From Wikidata.¹

Controversies and legal

Criticism

Embezzlement case

In December 2009, Wipro discovered that a junior employee had embezzled $4 million from the company, prompting an investigation by the US Securities and Exchange Commission (SEC) into the company's internal financial controls. In December 2016, Wipro settled the case by paying a $5 million penalty, without admitting or denying SEC's allegations that its controls were deficient.

Discrimination lawsuit

In 2020, five former employees in the US filed a class-action lawsuit in a New Jersey court accusing Wipro of employment discrimination against individuals who were not of South Asian or Indian origin, alleging that more than 80% of the company's 14,000 employees in the US were of South Asian origin.

Salary offer cuts

In February 2023, Wipro faced criticism for reducing the annual salary package offered to around 4,000 graduate hires by nearly 50%. Wipro stated that the original offers stood and the optional revised offers provided an opportunity to join the company immediately.

From Wikipedia’s article on Wipro, shared under CC BY-SA 4.0.⁷

Timeline

Oct 19, 2000Went public Listed on NYSE¹
Dec 29, 1945Founded Founded¹

Recent filings

Jul 22, 20266-K
Jul 20, 20266-K
Jul 20, 20266-K
Jul 2, 20266-K
Jun 26, 20266-K
Jun 25, 20266-K
Jun 25, 20266-K
Jun 25, 20266-K
Jun 10, 20266-K
Jun 10, 2026CB/A
Jun 9, 20266-K
Jun 9, 2026CB/A
Jun 2, 202620-F
May 26, 2026F-6EF
May 26, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataWipro on Wikidata
2
SEC EDGARWipro filings on SEC EDGAR
3
WikipediaWipro on Wikipedia
4
Yahoo FinanceWIT quote
5
Wikimedia CommonsWipro logo by Editlogowipro, CC BY-SA 4.0
6
SEC EDGARWipro filings on SEC EDGAR
7
WikipediaWipro on Wikipedia (revision used)
8
Wikimedia CommonsWipro photo by Rameshng, CC BY-SA 3.0
9
SEC EDGARWipro 10-K for fiscal 2025
10
SEC EDGARWipro 20-F for fiscal 2026: revenue by product
11
SEC EDGARWipro 10-K for fiscal 2019
12
SEC EDGARWipro 10-K for fiscal 2020
13
SEC EDGARWipro 10-K for fiscal 2021
14
SEC EDGARWipro 10-K for fiscal 2022
15
SEC EDGARWipro 10-K for fiscal 2023
16
SEC EDGARWipro 10-K for fiscal 2024

Overview

Financials

Key numbers, fiscal 2025

What sells

Products and services

Where the money goes

Where each dollar of revenue went, fiscal 2025

Where each dollar of operating cash went, fiscal 2025

Financial statements

The story

Early years

Shift to IT

Leadership

Products and brands

Subsidiaries and ownership

Owners

Subsidiaries

Controversies and legal

Criticism

Embezzlement case

Discrimination lawsuit

Salary offer cuts

Timeline

Recent filings

Links

Sources