Voting rights on 34% of Wipro shares are still with Premji family

The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers. Unlike Tata Trusts where the trusts directly hold shares in Tata Sons, the Azim Premji family will continue to hold voting rights on 34 per cent of shares, while the […]

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Wipro’s net profit rises 31.8%

Wipro’s third-quarter net profit rose 31.8% to ₹19,301 million year-on-year as its revenue from banking, financial services and insurance increased by 24.7%. India’s third largest software exporter’s revenue rose 10.1% to ₹150,595 million for the period compared to the same period a year earlier, according to a company statement. Revenue from BFSI sector rose to ₹45,979 million compared to ₹36,849 […]

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Wipro Wins $1.6 Bln Contract, Its Largest-ever

India-based software services provider Wipro Ltd. announced that it has won a 10-year contract worth $1.5 to $1.6 billion, its largest contract to date, from US-based Alight Solutions LLC. Wipro is required to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions. “Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s […]

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