...INSIDE Wipro in Brief Customer Focus Financial Highlights Chairman's Letter to the Stakeholders CEO's Letter to the Stakeholders CFO's Letter to the Stakeholders Board of Directors Sustainability Highlights 2012-13 Management Discussion & Analysis Directors Report Corporate Governance Report Business Responsibility Report Standalone Financial Statements Consolidated Financial Statements Consolidated Financial Statements under IFRS Glossary 2 4 8 10 12 14 16 22 24 41 55 85 106 147 183 231 This Annual Report is printed on 100% recycled paper as certified by the UK-based National Association of Paper Merchants (NAPM) and France - based Association des Producteurs et des Utilisateurs des papiers et cartons Recycles (APUR). Certain statements in this annual report concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration...
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...WIPRO Ltd Introduction Wipro Ltd is a global information technology, consulting and outsourcing company with 170,000+ 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. Industry Name | Computers - Software | House Name | Wipro Group | Year Of Incorporation | 1945 | Average monthly Return On average if one invests for a month ,it is likely to get a return of 0.7% based historic data for 10 years. It is useful for active investors Geometric mean geometric mean for 120 months is 0.158% means that when a invester Wipro Stock price grows at 0.158% compounded monthly for 120 months. (1+0.158%)^120 = 1.2085 which is also the 10 year holding returns Standard deviation Since Wipro is a blue chip company ,it is likely to have less volatility in the stock.ie (average yearly standard deviation = 9.436%) Standard deviation of the monthly returns is 10.24% Therefore there is 99.7% confidence that the monthly returns will fall between (-30% to 31.4% Holding period returns It is for passive investors who invest it and then withdraw it after a year . 10 year golding period return is 20.84% . Compounded annual growth rate: The compounded annual growth rate of Wipro over 10 year period is 1.91% representing the smoothed annualized gain you earned over your investment. It gives broader view of the growth rate of the company over a period of 10 years. Beta Since the...
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...Fore School of Management Roll No.92066 Quality Process – Wipro WMG XVIII B Neelandra Nath Goswami Introduction Reinvention and Wipro go hand-in-hand as far as technology and process advancement is concerned. Wipro is a global IT services company that provides Consulting, Business Process Outsourcing, Business Technology Services, Enterprise Application Services, Infrastructure Management, Testing, Product Engineering, Engineering Design and Product Support. Its services are spread across a range of strategic domains. It is the first CMMi Level 5 certified software services company and the first outside USA to receive the IEEE Software Process Award. However, when Wipro was formed as a vegetable oil refining company in 1947 the dramatic change in the company’s industry dynamics could only have been predicted considering the fact that it was always reinventing itself. Now, after three decades in the IT industry, backed with unmatched technical expertise and insights, it has maintained the highest levels of compliance and quality that go with the changing times and technologies. Our knowledge investments are backed by years of R&D and have led to the creation of labs and ‘Centers of Excellence’ that have produced innovative solutions. Wipro’s Quality Policy & Quality Management System As the world’s first SEI CMM Level 5 company, Wipro endeavors to deliver reliability and perfection to customers by maintaining high standards in service offerings and products...
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...Case study title | WIPRO: Strengthening employee engagement and implementing effective Rewards and recognition system. | Student Declaration I declare (a) That the work presented for assessment is my own, that it has not previously been presented for another assessment and that my debts (for words, data, arguments and ideas) have been appropriately acknowledged (b) That the work conforms to the guidelines for presentation and style set out in the relevant documentation. ( c ) The Plagiarism as taken by Turnitin is ________ %. Date : Anirudh Chauhan MS. AMANPREET KANG Assistant Professor Department of marketing/IB WIPRO: Strengthening employee engagement and implementing effective Rewards and recognition system. Anirudh, Ms Amanpreet Kang ABSTRACT Employee engagement, rewards and recognition are integral part of human resources of any organization as they show the level of involvement and commitment of the employees towards their organizations. These not only motivates the employee in performing better but also enables HR in recognizing and rewarding the ones performing better than the other as per the set standards . It increases overall efficiency and also identifies the training needs if any. Attrition rate in BPO industry is very high and this is why it is important to understand different engagement practices and rewards and recognition policies across the demography’s and industry. The area of concerns in WIPRO BPS was particularly...
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... * Scope 3 - Optional reporting category that allows for the treatment of all other indirect emissions. They are a consequence of the activities of the company, but occur from sources not owned or controlled by the company. Some examples include third party deliveries, business travel activities and use of sold products and services. Wipro’s goals in terms of GHG reduction are : “Reduce the Scope 1 and Scope 2 GHG intensity of Wipro’s operations by 45% from 2.42 MT per employee in 2010-11 to 1.3 MT per employee by 2014-15. This target applies to all of our office space facilities. this translates into a net reduction of around 60,000 tons assuming a similar GHG intensity in 2014-15 as in the baseline year” To achieve this goal, Wipro needs to focus on both producing and generating renewable energy. Also, company’s expansion, which will contribute to increased headcount and increased GHG emission due to employee commute. 2). Pace of change in the Ethical Supply Chain Program – Going green is no longer simply a buzzword. It’s a strategy that can lead to considerable gains in efficiencies, competitive advantages and in the bottom line – as well as the obvious savings in resources and energy. It’s not enough to simply reduce the energy you use. Organizations must reduce carbon emissions across the supply chain. An ideal supply chain should encompass best practices in reducing carbon emissions across the supply chain, from...
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...1 Case study On Six Sigma at Wipro Technologies: Thrust on Quality Abstract: Six Sigma at Wipro Technologies: Thrust on Quality Wipro Technologies is a global services provider delivering technology-driven business solutions that meet the strategic objectives of clients. Wipro has 40+ ‘Centers of Excellence’ that create solutions around specific needs of industries. Wipro delivers unmatched business value to customers through a combination of process excellence, quality frameworks and service delivery innovation. Wipro is the World's first CMMi Level 5 certified software services company and the first outside USA to receive the IEEE Software Process Award. Wipro has one of the most mature Six Sigma programs in the industry ensuring that 91% of the projects are completed on schedule, much above the industry average of 55%. Six Sigma provides the tools for continuous improvement on existing processes thereby helping sustain the SEI-CMM Level 5 and CMMi certifications. This case focuses on the initiatives taken by Wipro Technologies to implement the Six Sigma Quality tool to achieve sustained strategic business results. It explores the implementation procedure at Wipro Technologies and the benefits reaped by the company on account of adopting Six Sigma. The case also throws light on the recent developments in the Six Sigma concept including Wipro’s Six Sigma Skill base and consulting experience and explains how the company intends to build its expertise and...
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...Financial Statement Analysis of WIPRO LIMITED Prepared By: Ajay Dixit Abhishek Jain Megha Kumar Sandesh Gundale : pgpex 8/7 : pgpex 6/7 : pgpex 28/7 : pgpex 41/7 CONTENTS 1 FACT SHEET .................................................................................................................................. 1 1.1 1.2 2 3 SHARE PRICE INFORMATION ........................................................................................................ 1 STOCK PERFORMANCE ............................................................................................................... 1 COMPANY BACKGROUND............................................................................................................. 2 BRIEF INDUSTRY OUTLOOK.................................................................................................... 2 4.1 4.2 4.3 BALANCE SHEET .................................................................................................................... 3 INCOM E STATEM ENT .............................................................................................................. 4 CASH FLOW ........................................................................................................................... 5 4 ABRIDGED STATEMENTS ............................................................................................................. 3 5 ACCOUNTING POLICIES.................................................................
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...How did outsourcing work to Wipro improve General Electric’s ability to compete in the global economy? (3 points) Does such outsourcing harm or benefit the American economy? (2 points) *GE was able to reduce the labor portion of costs by outsourcing to Wipro. *This increased their ability to be competitive in the global marketplace. *GE’s work with Wipro gave GE access to local knowledge to penetrate the Indian market *GE’s work with Wipro gave GE a launching pad to other Asian markets *Short-term, such outsourcing did hurt American workers whose jobs were outsourced, of course, yet long-term, it improved the economy through job growth. Did General Electric help to create Wipro? How? (3 points) * it provided work (provided financial stability) * it provided a management model (six-sigma) for Wipro to emulate and learn *by playing Wipro against other Indian companies, GE provided pressures to which Wipro had to respond by increasing efficiency and improving quality *it provided credibility (brand cachet, brand name, good will) for Wipro to work with other multinationals (after all, people tend to know GE, and not Wipro, in the beginning) If India’s information technology companies continue to prosper, over time what do you think will happen to the income differential between software programmers in the United States and India? (3 points) What are the implications for the American economy? (2 points) *If India’s IT companies prosper, and demand continues...
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...Case study 1. The Background of the Case Wipro technologies are a company focused on the software and information technology service division as a part of the Wipro group whose header quarter located in Bangalore, India (Wipro Technologies Europe A, 2015). Nandy as the director of Sales and Marketing in Europe started the European operation in London as the headerquarter for Western Eurpoe and he was an Indian with the Indian and American working experiences (Wipro Technologies Europe A, 2015). As a global company, Wipro’s European sales, marketing and project management staff were exclusively Indian expatriates with a short time in Europe (Wipro Technologies Europe A, 2015). These staffs couldn’t build good relationships with the local communities compared with its competitors (Wipro Technologies Europe A, 2015). So Nandy took some measures to deal with these issues such as the Unreasonable staff structure and inadequate relation network. 2. The Analysis of some measures adopt by Nandy from three perspective of three culture framework This part will analyze the measures applied by Nandy from three perspectives of Hofstede cultural dimensions and Hall cultural dimensions in order to evaluate whether these measures are effective. 3.1 Hofstede Cultural Dimensions Hofstede cultural dimensions mainly consist of five aspects containing Power distance, Uncertainty avoidance, Femininity vs. masculinity, Individualism vs. collectivism and Confucianism vs. long-term...
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...Sigma at Wipro Technologies: Thrust on Quality Wipro Technologies is a global services provider delivering technology-driven business solutions that meet the strategic objectives of clients. Wipro has 40+ ‘Centers of Excellence’ that create solutions around specific needs of industries. Wipro delivers unmatched business value to customers through a combination of process excellence, quality frameworks and service delivery innovation. Wipro is the World's first CMMi Level 5 certified software services company and the first outside USA to receive the IEEE Software Process Award. Wipro has one of the most mature Six Sigma programs in the industry ensuring that 91% of the projects are completed on schedule, much above the industry average of 55%. Six Sigma provides the tools for continuous improvement on existing processes thereby helping sustain the SEI-CMM Level 5 and CMMi certifications. This case focuses on the initiatives taken by Wipro Technologies to implement the Six Sigma Quality tool to achieve sustained strategic business results. It explores the implementation procedure at Wipro Technologies and the benefits reaped by the company on account of adopting Six Sigma. The case also throws light on the recent developments in the Six Sigma concept including Wipro’s Six Sigma Skill base and consulting experience and explains how the company intends to build its expertise and experience '' to bring continuous process improvement to the organization. Backdrop Wipro Limited...
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...Comparative study of HR Policies and Practices of Indian IT Sector: An Analysis of TCS, WIPRO, Cyberthink & Pitney Bowes - Sunita Shukla, Dr. Akshat Dubey and Dr. Savita Singh Abstract: This article provides an comparative analysis of HR practices followed by high growth IT Industry. Four major IT companies wiz. Tata Consultancy Services (TCS), WIPRO Infotech, Cyberthink infotech Pvt. Ltd., Pitney Bowes Map info were selected for the purpose of the study. HR policies and practices of these four IT companies were compared on the different HR functions i.e. recruitment and selection, selection process, training and development, performance appraisal, employee benefits and compensation management system, to analyze whether these companies resemble or differ with each other when it comes to the application of these terms into practice. Key Words: Information Technology, HR policies and practices, recruitment and selection, selection process, training and development, performance appraisal, employee benefits and compensation management system Introduction: The Indian information technology (IT) industry has played a key role in putting India on the global map and is now envisioned to become a US$ 225 billion industry by 2020. Over the past decade, the Indian IT-BPO sector has become the country’s premier growth engine, crossing significant milestones in terms of revenue growth, employment generation and value creation, in addition to becoming the global brand ambassador...
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...when Azim Premji took over the company, Wipro was into hydrogenated cooking fats. It got diversified later into ethnic ingredient based toiletries, bakery fats, hair care soaps, lighting products, baby toiletries, and hydraulic cylinders. Premji focussed his efforts from soaps to software and created one of the biggest IT Company of India. Wipro has shown phenomenal growth under Azim Premji’s leadership and got transformed from hydrogenated cooking fats company to leading integrated business, technology and process Solutions Company. Wipro Technologies is widely recognised on a global scale and is the largest independent R&D service provider throughout the world. Wipro is also at the forefront of leading IT and software companies of India. Achievements – Azim Premji is the Chairman of Wipro Technologies and is among the richest Indian for past so many years. In year 2005, he was honoured with Padma Bhushan. He is a leading icon among the Indian businessmen and his story has inspired many budding entrepreneurs. He has achieved several milestones in his career and he was vote among the 20 most powerful men in the world in 2000. He was in the list of 50 richest people of the world from 2001 to 2003. He was also rated among the 100 most influential people in the world in 2004 by Times Magazine. He is among the list of richest Indian for so many years. He was honoured with Padma Bhushan in 2005 by the government of India. About wipro Wipro Limited (formerly Western India Products...
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...Question 1: how did outsourcing work to Wipro improve GE’s ability to compete in global economy? Does such outsourcing harm or benefit the American economy? Firstly, the strategy that GE used to enter Indian market is that it made a joint venture with Wipro to establish Wipro GE Medical System. It’s a smart step of GE to have entry into new countries in the developing region and specifically the market which had the second largest population in the world. A joint venture entails establishing a firm that is jointly owned by two or more otherwise independent firm. It’s also a strategy to enter a new market, excluding acquisition, merger, Greenfield investment… Why did GE choose this strategy? GE can receive benefits from a local partner’s knowledge of the host country’s competitive conditions, culture, language, political systems and business systems. While GE provided technological know-how, the local partner – Wipro provide marketing expertise and the local knowledge necessary for competing in India. Moreover, GE could share their costs or risks with Wipro. GE did not need new facilities, bureaucracy fee to establish new firm in India but saving their cost to continue using land, labor, energy and available customers in India which was property of Wipro. And GE faced a low-risk of being subject to nationalization of other forms of adverse government interference. Secondly, GE can utilize maximum human resources in India. India had a cheap source of talented engineers and...
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...HR PRACTICES OF WIPRO STUDENT UNDERTAKING This is to certify that we have completed the Project titled “H R P r a c t i c e s o f W I P R O ” under the guidance of Prof Sana Danani in partial fulfillment of the requirement for the award of degree of Bachelor of Management Studies at Rizvi College of Arts, Seience & commerce. This is an original piece of work & we have not submitted it earlier elsewhere. ROLL NO. 105 86 100 89 71 NAME: Jyoti Singh Atul kumar Pandey Muzaffar Shaikh Asim Qureshi Jangle Sanchit SIGN ACKNOWLEDGEMENT We would like to thank my Project Guide Prof. Sana Danani for her immense guidance, valuable help and the opportunity provided to us to complete the project under his guidance. I would like to thank all faculty members of Rizvi College of Arts, Science & Commerce for guiding and supporting me in the completion of project from time to time. Last but not the least, my gratitude to great almighty and my parents without whose concerned and devoted support the project would not have been the way it is today. ROLL NO. 105 86 100 89 71 NAME: Jyoti Singh Atul kumar Pandey Muzaffar Shaikh Asim Qureshi Jangle Sanchit SIGN SUBJECT PROFESSOR (Prof. Sana Danani) CO-ORDINATOR (Furkan Shaikh) CERTIFICATE This is to certify that the project titled “ HR p r a c t i c e s o f W I P R O ” is an academic work done by the following student submitted in the partial fulfillment of the requirement for the award of the degree of bachelor of management...
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...successful completion of any task would be incomplete without the expression of the appreciation of simple virtues to the people who made it possible. So, reverence, veneration and honours. I acknowledge all those whose guidance and encouragement has made successful in winding up this synopsis. I owe a huge debt of thanks to a large number of people without whom none of this would have been possible. I am thankful to Dr. J.S. Sohal(Director), Dr. Pawan Kumar(Principal), Mr. R.K Aggarwal(Head of Department) for valuable suggestions and enthusiastic interest during the entire process. For my six months industrial training, I have got the opportunity for Practical Training at Wipro Infotech. Finally, yet importantly, I would like to acknowledge the encouragement and guidance of Mr. Sumit Pal (Technical Specialist, Wipro Infotech), who helped me to grow technically as well as professionally. Nikhil Sharma...
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