Wipro

Wipro Technologies, the Global IT Services division of Wipro Limited {{NYSE|WIT}} (incorporated 1946, in operation since 1945) is an India-based global IT services, IT solutions and technology services major. It is headquartered in Bangalore,India and is listed on the Bombay Stock Exchange, National Stock Exchange of India and the New York Stock Exchange. As of 2004, it was the 4th largest company in the world in terms of market capitalization in IT services.

Timeline

Wipro Limited was incorporated in 1945 and commenced its operations in 1946. Significant milestones are:

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• 1947:An oil mill and hydrogenated cooking medium plant set up.
• 1975:Wipro Fluid Power set up to manufacture hydraulic and pneumatic cylinders.
• 1980:Information technology services for domestic market started.
• 1983:Software products subsidiary -Wipro Systems Ltd. - established.
• 1985:Toilet soaps manufacture begins.
• 1989:Joint venture with GE of US for medical systems, Wipro GE Medical Systems Ltd.
• 1990:Product software business discontinued; software services begin.
• 1992:Lighting business established.
• 1994:Merger of subsidiaries Wipro Technologies Ltd. and Wipro Systems Ltd. with Wipro Ltd.
• 1998:Relaunch of Wipro identity with Rainbow Flower and positioning statement, "Applying Thought".
• 1999:Software business reaches SEI certification.
• 1999:Wipro Net set up by restructuring Wipro Ltd.'s communication services business to address the Internet market.
• 2000:Listing of Wipro Ltd.'s ADRs on New York Stock Exchange.