Wipro Tech (NYSE: WIT) is an information technology service company established in India in 1980. It is the global IT services arm of Wipro Limited (in operation since 1945, incorporated 1946). It is headquartered in Bangalore and is the third largest IT services company in India. It has more than 70,000 employees as of September 2007, including its business process outsourcing (BPO) arm which it acquired in 2002.

* It is listed on the New York Stock Exchange and is part of its TMT (technology media telecom) index.

With revenue in the excess of US $3 billion, Wipro is one of Indiaصs major IT companies. It has dedicated development centers and offices across India, Europe, North America, Latin America and Asia Pacific. The current Chairman, Managing Director and majority stake owner is Azim Premji, who has headed the software and hardware divisions since Wiproصs inception.

Wiproصs Tagline is زApplying Thoughtس, the ability to infuse newer ideas and newer ways of doing things.

Examples of Wiproصs product design work include developing an Internet-browsing phone for a Japanese telecom company in 1998, helping chipmaker Texas Instruments produce digital signal processing software, and creating an automotive display unit for Italian manufacturer Magneti Marelli that combined functions including cell phone capability, global position system technology, a navigation system and a CD player.

Wipro Limited, through its subsidiaries, provides IT services worldwide. It offers software solutions, IT consulting, business process outsourcing services, and research and development services in the areas of hardware and software design. The company operates in three segments: Global IT Services and Products, India and AsiaPac IT Services and Products, and Consumer Care and Lighting. The Global IT Services and Products segment provides IT services to customers in the Americas, Europe, and Japan. The India and AsiaPac IT Services and Products segment operates in the Indian IT market and offers IT products and services to the companies in India, Asia-Pacific, and the Middle East region. Consumer Care and Lighting segment engages in the manufacture and sale of consumer care and lighting products. The consumer care products include soaps and toiletries, baby products, talcum powders, and hydrogenerated cooking oils. The lighting products include light bulbs, flourescent tubes, and luminaries. Wipro Limited was founded in 1945.The company is headquartered in Bangalore, India.

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Wipro In Brief

Type: Public (NYSE: WIT)

Founded: 1945 (Pre Independence)

Headquarters: Bangalore

Key people: Azim Premji, Chairman and Managing Director

Industry: Information technology services

Revenue: $3.47 billion USD

Net income: $677 million USD

Employees: 70,000+ 2007

Slogan: Applying Thought

Website: www.wipro.com