Wipro

Founded on December 29, 1945, as Western India Vegetable Products Limited by Azim Premji, the company began its journey manufacturing vegetable oils before pivoting to information technology in 1980. Under Premji's leadership for decades, Wipro transformed into one of India's Big Six IT services firms, eventually listing on the New York Stock Exchange and Indian exchanges like the BSE and NSE. Following Premji's retirement and passing in 2023, Abidali Neemuchwala assumed the role of CEO, steering the firm through a strategic shift toward consulting-led, AI-powered technology services.

The organization functions as a massive engine for modern business infrastructure, serving clients globally across diverse industries. Its portfolio has evolved from traditional IT maintenance to high-value digital transformation offerings including cloud computing, artificial intelligence, robotics, cybersecurity, and data analytics. Recent strategic focus heavily emphasizes generative AI and agentic AI, exemplified by a major expansion of its partnership with Google Cloud announced in August 2026 involving the deployment of 1,500 new AI engineers and training 10,000 AI specialists.

Despite technological advancements, the company navigates significant market challenges. In August 2026, the Bombay Stock Exchange replaced Wipro in India's benchmark Nifty 50 index due to shifts in market capitalization relative to peers. The stock performance has shown volatility; while ADRs spiked following strong quarterly results and news of the Google partnership, shares also experienced periods of underperformance compared to competitors like Infosys. Additionally, the firm faced operational headwinds when Meta scaled back outsourcing contracts following an AI-led business restructuring. [edit]