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Wipro

Bengaluru IT services group with 8,000+ security staff and eight cyber defence centres

Overview

Wipro Limited reported consolidated revenues of ₹926,240 million for the fiscal year ended 31 March 2026, up from ₹890,884 million a year earlier, according to its Form 20-F[16]. The Americas generated about 62% of its IT services segment revenue and Europe about 27%[16]. The annual report describes a workforce of more than 240,000 employees and business partners on six continents[16]. Wipro is headquartered on Sarjapur Road in Bengaluru[16]. Its American depositary shares trade on the New York Stock Exchange. The 20-F notes that selling and marketing costs fell partly because average headcount was lower in fiscal 2026[16]. Wipro’s services include application management, cloud and infrastructure services, consulting and engineering.

Wipro strengths and limitations

Strengths

  • Large-deal bookings grew strongly in fiscal 2026
  • Broad services spanning consulting, cloud and infrastructure
  • Dedicated infrastructure and security service line (CISS)
  • Detailed U.S. 20-F disclosure

Limitations

  • IT Services revenue fell 1.6% at constant currency in fiscal 2026
  • Reported rupee growth was helped by currency depreciation
  • IT services revenue fell in constant currency in fiscal 2026
  • Smaller scale than the larger Indian peers

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