Their focus was on acquisitions in FY07. Ready for the big game?
F
rom a modest peanut oil business to one of India’s largest Technology Service
Companies, Wipro has come a long way. Headed by one of India’s greatest entrepreneurs – Azim Premji, Wipro is India’s third largest software firm. Over the past four fiscal years, Wipro has nearly tripled income and registered itself in the prestigious $3 billion club and its employee base has also tripled to around 65,000. The company hires a staggering three persons every working hour! In what is described as its ‘String of Pearls’ strategy, Wipro has embarked on an acquisition spree in different regions to gain access to new markets. Some of the major acquisitions include Austria’s New Logic, USA’s MPower, Quantech Group and the latest being Enabler in Portugal. Interestingly, the company does not disclose its 400 strong client-list, which includes publicly known clients like Nokia, GE, ABN Amro, among others. Azim Premji sums it up saying, “Our investments and focus on enhancing value to our customers and stake holders have paid off. We see new challenges and exciting opportunities ahead. We believe that we have the right ingredients in place to keep winning.” Need one say more?
For Complete IIPM Article, Click on IIPM Article
F
rom a modest peanut oil business to one of India’s largest Technology Service
Companies, Wipro has come a long way. Headed by one of India’s greatest entrepreneurs – Azim Premji, Wipro is India’s third largest software firm. Over the past four fiscal years, Wipro has nearly tripled income and registered itself in the prestigious $3 billion club and its employee base has also tripled to around 65,000. The company hires a staggering three persons every working hour! In what is described as its ‘String of Pearls’ strategy, Wipro has embarked on an acquisition spree in different regions to gain access to new markets. Some of the major acquisitions include Austria’s New Logic, USA’s MPower, Quantech Group and the latest being Enabler in Portugal. Interestingly, the company does not disclose its 400 strong client-list, which includes publicly known clients like Nokia, GE, ABN Amro, among others. Azim Premji sums it up saying, “Our investments and focus on enhancing value to our customers and stake holders have paid off. We see new challenges and exciting opportunities ahead. We believe that we have the right ingredients in place to keep winning.” Need one say more?For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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