Such a long journey: Azim Premji and Wipro
In year 1981 Wipro changed focus and concentrated on booming technology industry.
1946 Company went public
1966 After his father, MH Hassam Premji’s death, Azim Premji, when he was 21, came back from Stanford University and took charge as the company’s chairman
1981 Wipro changed focus and concentrated on booming technology industry.
1982 Entry into IT products business.
1989 Established a joint venture with GE.
1990 Entered into third party R&D and IT services business.
1995 Premji starts taking correspondence classes to complete his engineering degree from Stanford
2000 Lists on NYSE and enters into BPO business
200 2 Company becomes fastest wealth creator in five years (1997-2002 BPO business)
2004 Achieves $1 billion in revenue.
2008 Company appoints Girish Paranjpe and Suresh Vaswani as co-CEOs.
2011 Experiment with co-CEOs fails; TK Kurien elevated as CEO.
2013 Demerges its Diversified Business into a separate company as Wipro Enterprises Ltd. Wipro Ltd to focus exclusively on IT Business.
2015 Introduces Wipro Digital having key capabilities acquired through DesignIt and Appirio
2016 Abidali Neemuchwala takes over as CEO, Kurien retires
2016 Acquires HealthPlan Services, a technology and business process as a service provider in the US health insurance market
2016 Ranked 755th on the Forbes Global 2000 list
2017 Launches new brand identity
2018 Loses the tag of third-largest IT services firm to rival HCL Technologies
2019 Azim Premji announces his decision to step down as Chairman and MD.