Wipro

Wipro Limited completed its acquisition of Capco, a global management and technology consultancy, on July 2, 2021. The deal, valued at $1.45 billion, was one of the largest acquisitions by Wipro and marked a pivotal expansion of its consulting capabilities, particularly in the financial services domain. Capco, headquartered in London, had a strong presence in the financial services industry, providing consulting services to some of the world's largest banks and financial institutions. Wipro's acquisition of Capco aimed to create a formidable consultancy powerhouse combining Wipro's deep technological expertise with Capco's business acumen in financial services, driving enhanced value to the company's clients worldwide.

On January 1, 2020, Rishad Premji officially took over as the Chairman of Wipro Ltd., succeeding his father Azim Premji. Rishad had been serving as the Chief Strategy Officer and a Member of the Board at Wipro before assuming the role of Chairman. His appointment marked a significant moment in the company's history as it signified a generational transition in leadership. Under his leadership, Rishad Premji emphasized strengthening Wipro's core values, expanding its technological capabilities, and driving a culture of innovation and inclusion. Rishad Premji's leadership aimed to continue Wipro's legacy of excellence and drive forward its vision of transforming business operations for global clients.

On June 23, 2015, Wipro Ltd. announced its decision to acquire Designit, a global strategic design firm based in Denmark. The acquisition was valued at around $94 million and was part of Wipro's strategy to enhance its digital design and innovation capabilities. Designit was known for its expertise in creating transformative product-service experiences and had a significant customer base across Europe and other parts of the world. With this acquisition, Wipro aimed to strengthen its design-led digital offerings and deliver new digital transformation solutions to its global clientele, reinforcing its commitment to integrating design thinking into IT services.

Wipro Limited secured a significant IT outsourcing contract with ATCO, a Canadian utility company, on April 18, 2014. The contract was one of the largest in Wipro's history at the time, valued at CAD 1.2 billion, and was set for a ten-year term. As part of the agreement, more than 1,500 ATCO employees were transferred to Wipro, making it one of the most extensive employee transitions in Canada. The contract was aimed at enabling ATCO to optimize its IT operations and focus on its core utility services, while Wipro would deliver a full suite of IT services to support ATCO's business transformation and growth strategy.

On June 1, 2013, Wipro Ltd. completed the acquisition of the Global IT business of Science Applications International Corporation (SAIC). This acquisition was part of Wipro's strategy to expand its presence in the North American market, particularly in the US, where SAIC had established a significant footprint. The deal enabled Wipro to strengthen its capabilities in providing IT and BPO services to the government, defense, and healthcare sectors. The acquisition was valued at approximately $150 million and was seen as a move to enhance Wipro's end-to-end business solutions offerings.

Wipro Ltd. undertook a significant restructuring by demerging its non-IT businesses into a separate entity named Wipro Enterprises Ltd. This strategic move aimed at sharpening the focus on its core IT services business. The demerger was completed on February 22, 2012. Wipro Enterprises Ltd. included the consumer care, lighting, infrastructure engineering, and medical diagnostic businesses, allowing Wipro Ltd. to streamline its operations and invest more efficiently in expanding its IT services portfolio globally.

Wipro Ltd. announced on December 21, 2010, that it had acquired the India-based data center of Citigroup as part of its strategic expansion of data center services. The acquisition was valued at $150 million and was aimed at enhancing Wipro's IT infrastructure services capabilities. By acquiring Citigroup's data center, Wipro intended to strengthen its global IT service delivery by managing additional capacity and offering comprehensive data center outsourcing services to clients. This acquisition also highlighted Wipro's commitment to scaling up its infrastructure management services to meet increasing demands from various sectors, including banking and financial services.

On April 16, 2006, Wipro Ltd. announced the acquisition of Enabler, a leading Portuguese retail consultancy firm, in a deal worth €41 million. This strategic acquisition was aimed at bolstering Wipro's capabilities and presence in the European retail market. Enabler was renowned for its retail domain expertise and had been providing innovative solutions to various retail chains in Europe. With this acquisition, Wipro intended to integrate Enabler's competencies with its global retail practice to offer enhanced, end-to-end IT solutions to the retail sector, ultimately helping clients optimize their supply chains and improve customer experiences.

Wipro Limited made history by becoming the second Indian company to be listed on the New York Stock Exchange on October 19, 2000. The company's American Depositary Receipts (ADRs) began trading under the ticker symbol 'WIT'. This milestone event marked Wipro's intent to broaden its international reputation and investor base. The listing was a part of Wipro's global expansion strategy, enabling it to raise capital and increase its visibility in the international markets, aligning with the broader trend of Indian tech companies seeking presence in the US stock exchange to attract a wider spectrum of investors.

Wipro Ltd. entered the consumer care products industry by launching the Wipro Consumer Care and Lighting division on June 7, 1999. This marked Wipro's substantial entry into the FMCG market, with an initial focus on personal care and health care products. The division received strategic investments to expand its portfolio and market reach, leveraging Wipro's existing technological prowess and distribution networks. Over the years, Wipro Consumer Care grew significantly, acquiring various international brands and enhancing Wipro's presence in the global consumer market, aligning with the company's diversification strategy outside of its traditional IT services business.