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Such a long journey: Azim Premji and Wipro

In year 1981 Wipro changed focus and concentrated on booming technology industry.

ET Bureau|
Updated: Jun 07, 2019, 12.39 PM IST
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Wipro chairman Azim Premji, to call it a day on July 30, son Rishad to take over
Wipro chairman Azim Premji, to call it a day on July 30, son Rishad to take over
1945 Wipro incorporated as a cooking oil company Western India Vegetable Products Ltd in Amalner, Maharashtra.

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.
wipro2

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
wipro3

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.

Also Read

Rishad’s expertise is what Azim Premji trusts

Full text of Azim Premji’s last letter to Wipro shareholders

From food to philanthropy: Retirement tales of Azim Premji and Yuvraj Singh

Azim Premji turns nostalgic over 40-yr association between Wipro, IISc

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