WIT Wipro Ltd

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of April 2015

Commission File Number 001-16139

 

 

Wipro Limited

(Exact name of Registrant as specified in its charter)

 

 

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

Sarjapur Road

Bangalore, Karnataka 560035, India +91-80-2844-0011

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F  x             Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  ¨            No   x

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes  ¨            No    x

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 

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DISCLOSURE OF CHANGES IN BOARD COMPOSITION

On April 21, 2015, Wipro Limited, a company organized under the laws of the Republic of India (the “Company” or “we”) issued a press release announcing the appointment of Mr. Rishad Premji to the Board of Directors, effective May 1, 2015. A copy of the press release is attached to this Form 6-K as Item 99.1.

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

We hereby furnish the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter and year ended March 31, 2015. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On April 21, 2015, we announced our results of operations for the three months and year ended March 31, 2015. We issued a press release announcing our results under IFRS, copy of which is attached to this Form 6-K as Item 99.2.

On April 21, 2015, we held a press conference to announce our results. The presentation made by the registrant at the press conference is attached to this Form 6-K as Item 99.3.

We placed advertisements in certain Indian newspapers concerning our results of operations for the three months and year ended March 31, 2015 under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.4.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.

 

Dated: April 27, 2015

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INDEX TO EXHIBITS

 

Item
99.1		Director Appointment Press Release
99.2		IFRS Press Release
99.3		Presentation made by the Company at the Press Conference on April 21, 2015
99.4		Form of Advertisement Placed in Indian Newspapers

Exhibit 99.1

 

Wipro Appoints Rishad Premji to its Board

Bangalore, India and East Brunswick, New Jersey, USA – April 21, 2015 : Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced the appointment of Rishad Premji to its Board of Directors effective May 1, 2015.

Rishad Premji joined Wipro in 2007 and has played a critical role in defining the company’s strategy and driving its Mergers and Acquisitions function. In 2014, he spearheaded the setting up of Wipro Ventures, a $100 million fund focused on investing in new age start-ups building cutting edge technologies.

Rishad will continue to run Strategy and Mergers & Acquisitions in addition to his new responsibilities overseeing the Technology Office, Investor and Government Relations, and Wipro Ventures.

Welcoming Rishad to the Board, Ashok S. Ganguly, Independent Director and Chairman, Board Governance and Nomination Committee, Wipro Ltd said, “He brings a unique blend of exceptional strategic insights, understanding of the technology landscape and diverse business expertise. These past eight years have given Rishad an in-depth view of the organization and makes him well positioned to guide Wipro and carry the mantle of ownership in the years ahead.”

Commenting on his appointment, Rishad Premji said, “It is an absolute privilege and honor to be invited to the Board of Wipro, a company built over the past 70 years on the bedrock of uncompromising integrity and the hard work of thousands of Wiproites.”

Prior to joining Wipro, Rishad worked with Bain & Co. for two years, across multiple industries including Consumer Products, Automobiles, Telecom and Insurance. He also worked for four years with GE Capital in the US across several businesses throughout the Insurance and Consumer Lending space and is a graduate of GE’s Financial Management Program (FMP). Rishad did his BA in Economics from Wesleyan University and has an MBA from Harvard Business School. Rishad is on the Board of Wipro Enterprises Limited, a leading player in the FMCG & Infrastructure Engineering space and on the Board of Wipro-GE, a joint venture between Wipro and General Electric in Healthcare. He is also on the Board of the Azim Premji Foundation, one of the largest not-for-profit initiatives in India which is focused on improving public school education working with over 350,000 government schools across the country. In 2014, he was recognized as a Young Global Leader by the World Economic Forum for his outstanding leadership, professional accomplishments, and commitment to society.

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About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 150,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com

Wipro Media Contacts:

Vipin Nair

+91 80 39916450

vipin.nair1@wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Exhibit 99.2

 

FOR IMMEDIATE RELEASE

Results for the quarter and year ended March 31, 2015 under IFRS

IT Services Revenue grew 8.7% in the year on constant currency

Net Income for the year grew 11% YoY

Wipro declared a final dividend of 7 ($0.11) per share/ADS

Bangalore, India and East Brunswick, New Jersey, USA – April 21, 2015 – Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its fourth quarter and year ended March 31, 2015.

Highlights of the Results

Results for the Year ended March 31, 2015:

 

•

Total Revenues were 469.5 billion ($7.5 billion1), an increase of 8% YoY.

 

•

Net Income2 was 86.5 billion ($1.4 billion1), an increase of 11% YoY.

 

•

Wipro declared a final dividend of 7 ($0.11) per share/ADS, taking the total dividend declared for the year 2014-15 to 12 ($0.19) per share/ADS.

 

•

IT Services Revenue was $7,081.6 million, a YoY increase of 7.0%.

 

•

Non-GAAP Constant Currency IT Services Revenue in dollar terms grew 8.7% to $7,190.6 million.

 

•

IT Services Segment Revenues in Rupee terms was 440.2 billion ($7.1 billion1), an increase of 10% YoY.

 

•

IT Services Segment Result was 97.6 billion ($1.6 billion1), an increase of 8% YoY.

 

•

IT Services Margins for the year was 22.2%.

Results for the Quarter ended March 31, 2015:

 

•

Total Revenues were 121.4 billion ($1.9 billion1), an increase of 4% YoY.

 

•

Net Income2 was 22.7 billion ($366 million1), an increase of 2% YoY.

 

•

Non-GAAP constant currency IT Services Revenue in dollar terms grew 1.2% to $1,817.8 million, within our guidance range of $1,814 million to $1,850 million.

 

•

IT Services Revenue was $1,774.5 million, a sequential decrease of 1.2% and YoY increase of 3.2%.

 

•

IT Services Segment Revenues in Rupee terms was 112.4 billion ($1.8 billion1), an increase of 6% YoY.

 

•

IT Services Segment Result was 24.8 billion ($398 million1), a decrease of 5% YoY.

 

•

IT Services Margins was 22.0%, an expansion of 23 bps sequentially.

Performance for the quarter and year ended March 31, 2015

T K Kurien, Member of the Board & Chief Executive Officer of Wipro, said, “We continue to execute on our strategy and have achieved improved customer satisfaction through better articulated solutions and improved delivery. We are well-positioned to take advantage of the opportunities in the market, while tackling headwinds in certain areas. We see Digital, Open Source and Artificial Intelligence as key levers for driving business change and reshaping the delivery model for the future.”

Jatin Dalal, Chief Financial Officer of Wipro, said – “We continue to maintain our focus on operational improvements and productivity enhancements. This has resulted in margin expansion despite adverse cross-currency movements.”

 

1.

For the convenience of the reader, the amounts in Indian Rupees in this release have been translated into United States Dollars at the noon buying rate in New York City on March 31, 2015, for cable transfers in Indian rupees, as certified by the Federal Reserve Board of New York, which was US $1= 62.31. However, the realized exchange rate in our IT Services business segment for the quarter ended March 31, 2015 was US$1= 63.35

2.	Refers to ‘Profit for the period attributable to equity holders of the company’

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Outlook for the Quarter ending June 30, 2015

We expect Revenues from our IT Services business to be in the range of $ 1,765 million to $ 1,793 million*.

 

*	Guidance is based on the following exchange rates: GBP/USD at 1.49, Euro/USD at 1.07, AUD/USD at 0.77, USD/INR at 62.10 and USD/CAD at 1.27

IT Services

The IT Services segment had a headcount of 158,217 as of March 31, 2015. We added 65 new customers during the quarter.

Wipro continued its momentum in winning Large Deals globally as listed below:

Wipro Limited has won a multi-year engagement with Allied Irish Bank in Ireland for managing their core datacenter infrastructure. The engagement includes end-to-end management of mainframe and distributed systems and will enable the bank to provide high availability services to its end customers. Wipro is setting up its ServiceNXT™ Delivery Center in Dublin to cater to the near-shore requirements of this program and also add to its existing portfolio of global delivery centers.

Wipro has signed a five-year agreement with Symetra Life Insurance Company, a leader in retirement benefits and life products, to provide a range of IT Infrastructure services. Wipro’s services will include hosting and servicing of mainframe and server environments, service desk and other technologies at the company’s data centers.

A leading global apparel and footwear company has engaged Wipro to transform their End User Services, Network and Distributed Computing platforms in addition to expanding their IT applications portfolio. As the customer organization grows its lifestyle brands, this strategic initiative will be the global backbone for operational excellence with a high degree of automation, real-time analytics, self-help and self-heal.

Wipro has won an integrated Applications and Infrastructure deal with T-Mobile Polska S.A. In this strategic partnership spanning 5 years, Wipro would help T-Mobile systemize and standardize the IT architecture and operations of their Poland entity.

Wipro has been chosen as the engineering partner by a leading global technology company for establishing a shared services team, to support testing and maintenance of its core platform products. As part of this multi-year engagement, Wipro will leverage its product engineering capabilities to bring about process agility, faster delivery, enhanced quality and year-on-year efficiency gains for the customer.

A global manufacturing major has engaged Wipro in a multi-year and multi-million dollar workplace transformation and support program. As part of this engagement, Wipro will leverage its workplace transformation framework and automation tools to help enhance end-user experience and productivity for the manufacturing company.

Cloud highlights

Wipro’s Cloud business continued to build significant momentum in the applications and infrastructure areas. We have expanded our cloud applications business into new geographies with deal wins that include a leading Australian banking and insurance provider and a leading energy provider in Canada. Wipro’s ServiceNXT™ Cloud Operations Center has been selected for hosting and providing managed services for affiliate/partner applications by a global cigarette and tobacco company and for customer care and billing platform of a global telecom company. Wipro has also been selected as a strategic Cloud partner for the assessment and migration of 3000+ web-based applications for a large US-based multinational bank.

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OpenSource highlights

Wipro’s Open Source practice continued to gain traction with customers in the areas of Middleware, Cloud, Analytics, Big Data, API (Application Program Interface) and Operating Systems across industries. Some marquee wins in Q4 include building treasury, budgeting, financial operations and MIS systems for a government organization, middleware integration for a global retail giant and migration of applications from a proprietary platform to an Open Source application server for a global investment bank.

Awards and accolades

Wipro was positioned in the ‘Winner’s Circle’ of the HfS Blueprint Report on Enterprise Analytics Services 2015. Wipro’s Vertical expertise, Big Data Analytics capabilities and collaborative approach with clients, have been called out as key areas of strength in the report.

Wipro has been positioned amongst ‘Leaders’ by Everest Group in their PEAK Matrix^TM assessment 2015 on Record-to-Report (R2R) BPO Service provider within Finance & Accounting Outsourcing. This report examines multiple aspects of the R2R BPO market. It focuses on each service provider’s position on the Everest Group Performance, Experience, Ability and Knowledge (PEAK) Matrix while assessing their capabilities on the dimensions of market success, scale, scope, delivery capability, technology solution, and buyer satisfaction. The report also encompasses analysis of R2R BPO landscape and key solution characteristics.

Wipro was recognized by the Ethisphere Institute, as a 2015 World’s Most Ethical Company^® for the fourth consecutive year. The World’s Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is operated. Wipro is one of only three companies in the Information Technology Services industry honored this year.

IT Products

 

•

Our IT Products Segment delivered Revenue of 9.5 billion ($152 million1) for the quarter ended March 31, 2015, a sequential growth of 22%.

 

•

IT Products Segment results for the quarter ended March 31, 2015 was 58 million ($1 million1).

 

•

Revenue for the year ended March 31, 2015 was 34.0 billion ($546 million1) a degrowth of 12% YoY.

 

•

Segment Results for the year ended March 31, 2015 was 374 million ($6 million1).

 

•

IT Products Revenues for the fiscal year ended March 31, 2014 included sales of Wipro branded desktops, laptops and servers which Wipro ceased manufacturing in the quarter ended December 31, 2013.

Please refer the table on page 7 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Non-GAAP financial measures

This press release contains non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.

The table on page 7 provides IT Services Revenue on a constant currency basis, which is a non-GAAP measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance.

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This non-GAAP financial measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS, and may be different from non-GAAP measures used by other companies. In addition to this non-GAAP measure, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the quarter and year ended March 31, 2015, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com.

Quarterly Conference Call

We will hold an earnings conference call today at 07:15 p.m. Indian Standard Time (09:45 a.m. US Eastern Time) to discuss our performance for the quarter. An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com.

About Wipro Limited (NYSE: WIT)

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 150,000, serving clients in 175+ cities across 6 continents.

For more information, please visit www.wipro.com

 

Contact for Investor Relations				Contact for Media & Press
Aravind V S		Vaibhav Saha		Vipin Nair
Phone: +91-80-2505 6186		Phone:+1 732-509-1362		Phone: +91-80-3991-6154
aravind.viswanathan@wipro.com		vaibhav.saha@wipro.com		vipin.nair1@wipro.com

Forward-looking statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and

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industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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(Tables to follow)

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Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

(Rupees in millions, except share and per share data, unless otherwise stated)

 

		As of March 31,				As of March 31,
		2014				2015				2015
										Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill			63,422				68,078				1,093
Intangible assets			1,936				7,931				127
Property, plant and equipment			51,449				54,206				870
Derivative assets			286				736				12
Available for sale investments			2,676				3,867				62
Non-current tax assets			10,192				11,409				183
Deferred tax assets			3,362				2,945				47
Other non-current assets			14,295				14,369				231
Total non-current assets			147,618				163,541				2,625
Inventories			2,293				4,849				78
Trade receivables			85,392				91,531				1,469
Other current assets			39,474				73,359				1,177
Unbilled revenues			39,334				42,338				679
Available for sale investments			60,557				53,908				865
Current tax assets			9,774				6,490				104
Derivative assets			3,661				5,077				81
Cash and cash equivalents			114,201				158,940				2,551
Total current assets			354,686				436,492				7,004
TOTAL ASSETS			502,304				600,033				9,629
EQUITY
Share capital			4,932				4,937				79
Share premium			12,664				14,031				225
Retained earnings			314,952				372,248				5,974
Share based payment reserve			1,021				1,312				21
Other components of equity			10,472				15,454				248
Shares held by controlled trust			(542	)			—				—
Equity attributable to the equity holders of the company			343,499				407,982				6,547
Non-controlling interest			1,387				1,646				26
Total equity			344,886				409,628				6,573
LIABILITIES
Long - term loans and borrowings			10,909				12,707				204
Deferred tax liabilities			1,796				3,240				52
Derivative liabilities			629				71				1
Non-current tax liability			3,448				6,695				107
Other non-current liabilities			4,478				3,658				59
Provisions			6				5				—
Total non-current liabilities			21,266				26,376				423
Loans and borrowings and bank overdrafts			40,683				66,206				1,063
Trade payables and accrued expenses			51,917				58,745				945
Unearned revenues			12,767				16,549				264
Current tax liabilities			12,482				8,036				129
Derivative liabilities			2,504				753				12
Other current liabilities			14,429				12,223				196
Provisions			1,370				1,517				24
Total current liabilities			136,152				164,029				2,633
TOTAL LIABILITIES			157,418				190,405				3,056
TOTAL EQUITY AND LIABILITIES			502,304				600,033				9,629

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Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

(Rupees in millions, except share and per share data, unless otherwise stated)

 

		Three Months ended March 31,												Year ended March 31,
		2014				2015				2015				2014				2015				2015
										Convenience translation into US dollar in millions (unaudited)												Convenience translation into US dollar in millions (unaudited)
Gross revenues			116,535				121,420				1,949				434,269				469,545				7,536
Cost of revenues			(77,700	)			(82,609	)			(1,326	)			(295,488	)			(321,284	)			(5,156	)
Gross profit			38,835				38,811				623				138,781				148,261				2,380
Selling and marketing expenses			(7,025	)			(7,916	)			(127	)			(29,248	)			(30,625	)			(491	)
General and administrative expenses			(6,510	)			(6,633	)			(106	)			(23,538	)			(25,850	)			(415	)
Foreign exchange gains/(losses), net			510				294				5				3,359				3,637				58
Results from operating activities			25,810				24,556				395				89,354				95,423				1,532
Finance expenses			(842	)			(912	)			(15	)			(2,891	)			(3,599	)			(58	)
Finance and other income			3,959				5,476				88				14,542				19,859				319
Profit before tax			28,927				29,120				468				101,005				111,683				1,793
Income tax expense			(6,536	)			(6,255	)			(100	)			(22,600	)			(24,624	)			(395	)
Profit for the period			22,391				22,865				368				78,405				87,059				1,398
Attributable to:
Equity holders of the company			22,265				22,720				366				77,967				86,528				1,389
Non-controlling interest			126				145				2				438				531				9
Profit for the period			22,391				22,865				368				78,405				87,059				1,398
Earnings per equity share:
Attributable to equity share holders of the company
Basic			9.07				9.25				0.15				31.76				35.25				0.57
Diluted			9.04				9.21				0.15				31.66				35.13				0.56
Weighted average number of equity shares used in computing earnings per equity share
Basic			2,455,543,231				2,456,575,761				2,456,575,761				2,454,745,434				2,454,681,650				2,454,681,650
Diluted			2,462,876,367				2,465,876,236				2,465,876,236				2,462,626,739				2,462,579,161				2,462,579,161
Additional Information
Segment Revenue
IT Services Business Units
BFSI			28,468				29,852				479				106,035				115,505				1,854
HLS			11,275				13,171				211				41,130				49,884				801
RCTG			15,412				16,258				261				58,893				62,209				998
ENU			17,173				17,437				280				63,923				71,229				1,143
MFG			19,095				20,582				330				74,423				80,303				1,289
GMT			14,770				15,117				243				55,105				61,050				980
IT SERVICES TOTAL			106,193				112,417				1,804				399,509				440,180				7,064
IT PRODUCTS			11,090				9,454				152				38,785				34,006				546
RECONCILING ITEMS			(238	)			(157	)			(3	)			(666	)			(1,004	)			(16	)
TOTAL			117,045				121,714				1,953				437,628				473,182				7,594
Segment Result
IT Services Business Units
BFSI			7,005				7,474				120				24,153				27,378				439
HLS			2,482				3,031				49				7,637				10,565				170
RCTG			4,048				3,542				57				13,012				13,190				212
ENU			4,887				4,078				65				17,418				17,561				282
MFG			4,909				4,497				72				17,348				17,127				275
GMT			3,332				2,878				46				11,569				13,574				218
OTHERS							—				—								583				10
UNALLOCATED			(609	)			(723	)			(12	)			(804	)			(2,329	)			(37	)
TOTAL IT SERVICES			26,054				24,777				398				90,333				97,649				1,568
IT PRODUCTS			143				58				1				310				374				6
RECONCILING ITEMS			(387	)			(279	)			(4	)			(1,289	)			(2,600	)			(42	)
TOTAL			25,810				24,556				395				89,354				95,423				1,532
FINANCE EXPENSE			(842	)			(912	)			(15	)			(2,891	)			(3,599	)			(58	)
FINANCE AND OTHER INCOME			3,959				5,476				88				14,542				19,859				319
PROFIT BEFORE TAX			28,927				29,120				468				101,005				111,683				1,793
INCOME TAX EXPENSE			(6,536	)			(6,255	)			(100	)			(22,600	)			(24,624	)			(395	)
PROFIT FOR THE PERIOD			22,391				22,865				368				78,405				87,059				1,398

Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income.

The Company is organized by the following operating segments; IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT Service offerings to our customers organized by industry verticals as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing (MFG), Global Media and Telecom (GMT). Starting with quarter ended September 30, 2014, it also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offering to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

The IT Products segment sells a range of Wipro personal desktop computers, Wipro servers and Wipro notebooks. The Company is also a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. During the fiscal year ended March 31, 2014 the Company ceased the manufacturing of ‘Wipro branded desktops, laptops and servers’. Revenue relating to the above items is reported as revenue from the sale of IT Products.

Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN)

 

Three Months ended March 31, 2015												Year ended March 31, 2015
IT Services Revenue as per IFRS		$	1,775			IT Services Revenue as per IFRS		$	1,775			IT Services Revenue as per IFRS		$	7,082
Effect of Foreign currency exchange movement		$	43			Effect of Foreign currency exchange movement		$	90			Effect of Foreign currency exchange movement		$	109
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates		$	1,818			Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates		$	1,865			Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates		$	7,191

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Exhibit 99.4

WIPRO LIMITED - CONSOLIDATED

CIN: L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore - 560035, India

Website: www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844 0054

CONSOLIDATED STATUTORILY AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2015

( in millions, except share and per share data, unless otherwise stated)

 

		Particulars		Quarter ended												Year ended
				March 31, 2015				December 31, 2014				March 31, 2014				March 31, 2015				March 31, 2014
1		Income from operations
		a) Net Sales/income from operations (net of excise duty)			121,714				120,851				117,036				473,180				437,549
		b) Other operating income			—				—				—				—				—
		Total income from operations (net)			121,714				120,851				117,036				473,180				437,549
2		Expenses
		a) Cost of materials consumed			—				5				1,273				34				2,054
		b) Purchase of stock-in-trade			8,457				7,392				7,347				29,802				27,670
		c) (Increase)/Decrease in inventories of finished stock,     work-in-progress and stock in process			(508	)			(1,622	)			523				(2,588	)			54
		d) Employee compensation			56,827				57,175				52,722				224,838				206,568
		e) Depreciation and amortisation expense			3,267				3,647				2,880				12,823				11,106
		f) Sub contracting/technical fees/third party application			13,379				14,123				11,612				52,247				43,568
		g) Other expenditure			15,736				16,097				14,869				60,601				57,175
		Total expense			97,158				96,817				91,226				377,757				348,195
3		Profit from operations before other income, finance costs and exceptional items (1-2)			24,556				24,034				25,810				95,423				89,354
4		Other Income			5,476				5,035				3,959				19,859				14,542
5		Profit from ordinary activities before finance costs and exceptional items (3+4)			30,032				29,069				29,769				115,282				103,896
6		Finance Cost			912				810				842				3,599				2,891
7		Profit from ordinary activities after finance costs but before exceptional items (5-6)			29,120				28,259				28,927				111,683				101,005
8		Exceptional items			—				—				—				—				—
9		Profit from ordinary activities before tax (7+8)			29,120				28,259				28,927				111,683				101,005
10		Tax expense			6,255				6,228				6,536				24,624				22,600
11		Net profit from ordinary activities after tax (9-10)			22,865				22,031				22,391				87,059				78,405
12		Extraordinary items (net of tax expense)			—				—				—				—				—
13		Net profit for the period (11+12)			22,865				22,031				22,391				87,059				78,405
14		Share in earnings of associates			—				—				—				—				—
15		Minority interest			(145	)			(103	)			(126	)			(531	)			(438	)
16		Net profit after taxes, minority interest and share of profit of			22,720				21,928				22,265				86,528				77,967
		associates (13+14+15)
17		Paid up equity share capital (Face value 2 per share)			4,937				4,937				4,932				4,937				4,932
18		Reserves excluding revaluation reserves as per balance sheet of previous accounting year																			338,567
19		EARNINGS PER SHARE (EPS)
		Before extraordinary items
		Basic (in )			9.25				8.92				9.07				35.25				31.76
		Diluted (in )			9.21				8.88				9.04				35.13				31.66
		After extraordinary items
		Basic (in )			9.25				8.92				9.07				35.25				31.76
		Diluted (in )			9.21				8.88				9.04				35.13				31.66
20		Public shareholding (1)
		Number of shares			608,633,451				608,391,868				606,514,878				608,633,451				606,514,878
		Percentage of holding (as a % of total public shareholding)			25.14	%			25.14	%			25.08	%			25.14	%			25.08	%
21		Promoters and promoter group shareholding
		a) Pledged/ Encumbered
		-Number of shares			Nil				Nil				Nil				Nil				Nil
		-Percentage of shares (as a % of the total shareholding of promoter   and promoter group)			Nil				Nil				Nil				Nil				Nil
		-Percentage of shares (as a % of the total share capital of the   company)			Nil				Nil				Nil				Nil				Nil
		b) Non-encumbered
		-Number of shares (2)			1,812,022,464				1,812,022,464				1,812,022,464				1,812,022,464				1,812,022,464
		-Percentage of shares (as a % of the total shareholding of promoter   and promoter group)			100	%			100	%			100	%			100	%			100	%
		-Percentage of shares (as a % of the total share capital of the   company, excluding ADS Shareholding)			74.86	%			74.86	%			74.92	%			74.86	%			74.92	%

 

(1)	Public shareholding as defined under clause 40A of the listing agreement (excludes shares beneficially held by promoters and holders of American Depository Receipt)

(2)	Includes 440,557,453 (December 31, 2014: 440,557,453; March 31, 2014: 440,557,453) equity shares on which Promoter does not have beneficiary interest.

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Status of redressal of complaints received for the period January 1, 2015 to March 31, 2015
Sl No.		Nature of the complaint		Nature		Unresolved as at 01.01.2015				Complaints received during the quarter				Complaints disposed during the quarter				Unresolved as at 31.03.2015
1		Non-Receipt of Securities		Complaint			—				6				6				—
2		Non Receipt of Annual Reports		Complaint			—				4				4				—
3		Correction / Duplicate / Revalidation of dividend warrants / Demerger Fractional Payout Warrants		Request			—				100				100				—
4		SEBI/Stock Exchange Complaints		Complaint			—				5				5				—
5		Non Receipt of Dividend warrants		Complaint			—				77				77				—
		TOTAL					—				192				192				—

Note: There are certain pending cases relating to disputes over title to shares in which the company has been made a party. However these cases are not material in nature.

 

1.	The condensed consolidated interim financial results of the Company for the quarter ended March 31, 2015 have been approved by the directors of the Company at its meeting held on April 21, 2015. The statutory auditors have expressed an unqualified audit opinion.

 

2.

The above consolidated interim financial results have been prepared from the condensed consolidated interim financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”).

 

3.

The total revenue from operations represent the aggregate revenue and includes foreign exchange gains / (losses), net and is net of excise duty amounting to Nil, Nil, and 9 for the quarter ended March 31, 2015, December 31, 2014 and March 31, 2014, respectively, 2 and 79 for the year ended March 31, 2015 and March 31, 2014, respectively.

 

4.	Derivatives

The Company is exposed to foreign currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, foreign currency forecasted cash flows and net investment in foreign operations. The counter parties in these derivative instruments are primarily banks and the Company considers the risks of non-performance by the counterparty as non-material.

 

2

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The following table presents the aggregate contracted principal amounts of the Company’s derivative contracts outstanding:

 

		(In millions)
		As at
		March 31, 2015				March 31, 2014
Designated derivative instruments
Sell		$	836			$	516
		£	198			£	51
		€	220			€	78
		AUD	83			AUD	9
Interest rate swaps		$	150			$	150
Net investment hedges in foreign operations
Others		$	145			$	220
		€	—			€	25
Non designated derivative instruments
Sell		$	1,304			$	1,061
		£	67			£	112
		€	60			€	63
		AUD	53			AUD	99
		¥	490			¥	490
		SGD	13			SGD	8
		ZAR	69			ZAR	223
		CAD	30			CAD	10
		CHF	10			CHF	—
Buy		$	790			$	585

 

5.	The list of subsidiaries is included in the condensed consolidated financial statements of Wipro Limited and subsidiaries for the quarter ended March 31, 2015, are available on our company website www.wipro.com

 

6.	Segment Information

The Company is organized by the following operating segments; IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT Service offerings to our customers organized by industry verticals as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing (MFG), Global Media and Telecom (GMT). Starting with quarter ended September 30, 2014, it also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offering to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

IT Products: The IT Products segment sells a range of Wipro personal desktop computers, Wipro servers and Wipro notebooks. The Company is also a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables.

 

3

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During FY 2013-14, the Company ceased the manufacturing of ‘Wipro branded desktops, laptops and servers’. Revenue relating to the above items is reported as revenue from the sale of IT Products.

The Chairman of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by IFRS 8, “Operating Segments”. The Chairman of the Company evaluates the segments based on their revenue growth and operating income.

Assets and liabilities used in the Company’s business are not identified to any of the reportable segments, as these are used interchangeably between segments. Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

Information on reportable segment for the quarter ended March 31, 2015, December 31, 2014 and March 31, 2014, and year ended March 31, 2015 and March 31, 2014 is as follows:

 

Particulars		Quarter ended												Year ended
		March 31, 2015				December 31, 2014				March 31, 2014				March 31, 2015				March 31, 2014
Revenue
IT Services
BFSI			29,852				29,177				28,468				115,505				106,035
HLS			13,171				13,247				11,275				49,884				41,130
RCTG			16,258				16,005				15,412				62,209				58,893
ENU			17,437				18,637				17,173				71,229				63,923
MFG			20,582				20,718				19,095				80,303				74,423
GMT			15,117				15,661				14,770				61,050				55,105
Others			—				—				—				—				—
Total of IT Services			112,417				113,445				106,193				440,180				399,509
IT Products			9,454				7,740				11,090				34,006				38,785
Reconciling Items			(157	)			(334	)			(238	)			(1,004	)			(666	)
Total			121,714				120,851				117,045				473,182				437,628
Segment Result
IT Services
BFSI			7,474				7,035				7,005				27,378				24,153
HLS			3,031				2,981				2,482				10,565				7,637
RCTG			3,542				3,255				4,048				13,190				13,012
ENU			4,078				4,262				4,887				17,561				17,418
MFG			4,497				4,228				4,909				17,127				17,348
GMT			2,878				3,438				3,332				13,574				11,569
Others			—				—				—				583				—
Unallocated			(723	)			(458	)			(609	)			(2,329	)			(804	)
Total of IT Services			24,777				24,741				26,054				97,649				90,333
IT Products			58				89				143				374				310
Reconciling Items			(279	)			(796	)			(387	)			(2,600	)			(1,289	)
Total			24,556				24,034				25,810				95,423				89,354
Finance Expense			(912	)			(810	)			(842	)			(3,599	)			(2,891	)
Finance and Other Income			5,476				5,035				3,959				19,859				14,542
Profit before tax			29,120				28,259				28,927				111,683				101,005
Income tax expense			(6,255	)			(6,228	)			(6,536	)			(24,624	)			(22,600	)
Profit for the period			22,865				22,031				22,391				87,059				78,405

The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows:

 

		Quarter ended												Year ended
		March 31, 2015				December 31, 2014				March 31, 2014				March 31, 2015				March 31, 2014
India			13,427				10,649				12,644				45,814				46,235
Americas			58,583				58,735				53,504				227,328				200,343
Europe			30,454				31,818				32,603				124,523				120,868
Rest of the world			19,250				19,649				18,294				75,517				70,182
			121,714				120,851				117,045				473,182				437,628

Management believes that it is currently not practicable to provide disclosure of geographical location wise assets, since the meaningful segregation of the available information is onerous.

No client individually accounted for more than 10% of the revenues during the quarter ended March 31, 2015 December 31, 2014, and March 31, 2014, year ended March 31, 2015 and March 31, 2014.

Notes:

 

a)

‘Reconciling items’ includes elimination of inter-segment transactions, dividend income/ gains/ losses relating to strategic investments and other corporate activities.

 

b)

Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income.

 

c)

Revenues include excise duty amounting to Nil, Nil and 9 for the quarter ended March 31, 2015, December 31, 2014 and March 31, 2014, respectively, 2 and 79 for the year ended March 31, 2015 and March 31, 2014. For the purpose of segment reporting, the segment revenues are net of excise duty. Excise duty is reported in reconciling items.

 

4

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d)

Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues.

 

e)

For the purpose of segment reporting, the Company has included the impact of ‘foreign exchange gains / (losses), net’ in revenues (which is reported as a part of operating profit in the statement of income).

 

f)

For evaluating performance of the individual business segments, stock compensation expense is allocated on the basis of straight line amortization. The differential impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual business segments is reported in reconciling items.

 

g)

For evaluating the performance of the individual business segments, amortization of customer and marketing related intangibles acquired through business combinations are reported in reconciling items.

 

h)

The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. Corporate treasury provides internal financing to the business units offering multi-year payment terms. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is eliminated under reconciling items.

 

7.

The Company has granted Nil options under RSU Options Plan and Nil options under ADS during the quarter ended March 31, 2015, December 31, 2014 and March 31, 2014 and 2,480,000 and 30,000 options under RSU Plan and 1,689,500 and Nil options under ADS during the year ended March 31, 2015 and 2014, respectively.

 

8.	Business Combination

Opus Capital Markets Consultants LLC

On January 14, 2014, the Company had obtained control of Opus Capital Markets Consultants LLC (‘Opus’) by acquiring 100% of its share capital. Opus is a US-based provider of mortgage due diligence and risk management services. The acquisition will strengthen Wipro’s mortgage solutions and complement its existing offerings in mortgage origination, servicing and secondary market.

The acquisition was executed through a share purchase agreement for a consideration of 4,589 million (US$ 75 million) which includes a deferred earn-out component of 1,285 million (US$ 21 million), which is dependent on achievement of revenues and earnings over a period of 3 years. This earn-out liability was fair valued at 782 million and recorded as part of preliminary purchase price allocation.

During the three months ended 31 December 2014, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition. Consequently, the fair value of earn-out liability was recorded at 589 million. Comparatives have not been retrospectively revised as the amounts are not material.

The following table presents the allocation of purchase price:

 

Description		Pre-acquisition carrying amount				Fair value adjustments				Purchase price allocated
Assets
Cash and cash equivalents			22				—				22
Property, plant & equipment (including software)			160				—				160
Trade receivable			456				—				456
Other assets .			20				—				20
Customer related intangibles			—				234				234
Non-compete arrangement			—				216				216
Liabilities
Other liabilities			(258	)			—				(258	)
Deferred income taxes, net			—				(133	)			(133	)
Total			400				317				717
Goodwill											2,810
Total purchase price											3,527

 

5

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The goodwill of 2,810 comprises of value of expected synergies arising from the acquisition.

As at December 31 2014, the fair value of earn-out liability was determined to be 144 as a result of changes in estimates of revenue and earnings over the earn-out period. The revision of the estimates has inter alia resulted in reduction in the carrying value of intangibles recognized on acquisition. Accordingly, a net gain of 470 has been recorded in the statement of income.

The fair value of earn-out consideration as at the period end was estimated by applying the Discounted Cash Flow approach. The fair value estimates are based on discount rate of 7% and probability adjusted revenue and earnings estimates.

During the three months ended March 31, 2015, an amount of 39 has been paid to the sellers representing earn-out payments for the calendar year 2014.

ATCO I-Tek Inc.

On August 15, 2014, the Company obtained control of ATCO I-Tek Inc., a Canadian entity, by acquiring 100% of its share capital and certain assets of IT services business of ATCO I-Tek Australia (hereafter the acquisitions are collectively referred to as ‘acquisition of ATCO I-Tek’) for an all-cash consideration of 11,420 million (Canadian Dollars 204 million). ATCO I-Tek provides IT services to ATCO Group. The acquisition will strengthen Wipro’s IT services delivery model in North America and Australia.

During the three months ended March 31, 2015, 349 has been adjusted to the purchase price representing closure of certain closing conditions. This has resulted in reduction of goodwill as at March 31, 2015. Consequently, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition.

The following table presents the allocation of purchase price:

 

Description		Pre-acquisition carrying amount				Fair value adjustments				Purchase price allocated
Assets
Cash			71				—				71
Property, plant & equipment (including capital work-in-progress and software)			1,689				(278	)			1,411
Trade receivables			210				—				210
Other assets			296				—				296
Customer related intangibles			—				8,228				8,228
Liabilities
Trade payables and accrued liabilities			(798	)			—				(798	)
Deferred income taxes, net			(138	)			(2,017	)			(2,155	)
Total			1,330				5,933				7,263
Goodwill											3,808
Total purchase price											11,071

 

6

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The goodwill of 3,808 comprises of value of expected synergies arising from the acquisition. Goodwill is not expected to be deductible for income tax purposes. The purchase consideration was settled in cash.

If the acquisition had occurred on April 1, 2014, management estimates that consolidated revenue for the Company would have been 475,779 and the profit after taxes would have been 87,503 for twelve months ended March 31, 2015. The pro-forma amounts are not necessarily indicative of the results that would have occurred if the acquisition had occurred on dates indicated or that may result in the future.

 

9.	Subsequent event

On April 21, 2015, the Board of Directors of the Company declared final dividend of 7 ($ 0.11) per equity share and ADR (350% on an equity share of par value of 2).

 

10.	Statement of Assets and Liabilities

Statement of Assets and Liabilities

 

		Particulars		As at March 31, 2015				As at March 31, 2014
I.		EQUITY AND LIABILITIES
1.		Shareholder’s funds
		Share capital			4,937				4,932
		Reserves and surplus			403,045				338,567
					407,982				343,499
2.		Minority Interest			1,646				1,387
3.		Non- current liabilities
		Long-term borrowings			12,707				10,909
		Deferred tax liabilities			3,240				1,796
		Other long term liabilities			3,729				5,107
		Long-term provisions			6,700				3,454
					26,376				21,266
4.		Current liabilities
		Short term borrowings			66,206				40,683
		Trade payables and accrued expense			58,745				51,917
		Other current liabilities			29,525				29,700
		Short term provisions			9,553				13,852
					164,029				136,152
		TOTAL EQUITY AND LIABILITIES			600,033				502,304
II		ASSETS
1.		Non-current assets
		Fixed assets
		Tangible assets			54,206				51,449
		Intangible assets			7,931				1,936
		Goodwill			68,078				63,422
		Non-current investments			3,867				2,676
		Deferred tax assets			2,945				3,362
		Long-term loans and advances			11,409				10,192
		Other non-current assets			15,105				14,581
					163,541				147,618
2.		Current assets
		Current investments			53,908				60,557
		Inventories			4,849				2,293
		Trade receivables			91,531				85,392
		Cash and bank balances			158,940				114,201
		Short-term loans and advances			6,490				9,774
		Other current assets			120,774				82,469
					436,492				354,686
		TOTAL ASSETS			600,033				502,304

 

11.	Stand-alone information (Audited)

 

Particulars		Quarter ended												Year ended
		March 31, 2015				December 31, 2014				March 31, 2014				March 31, 2015				March 31, 2014
Income from Operations (Net)			106,515				105,212				104,018				416,350				391,333
Profit before tax			27,346				25,886				29,642				105,570				96,082
Profit after tax			21,416				19,923				23,531				81,931				73,874

 

		By order of the Board,		WIPRO LIMITED
		for, Wipro Limited		Regd. Office: Doddakanneli,
Place: Bangalore		Azim H Premji		Sarjapur Road, Bangalore - 560 035,
Date: April 21, 2015		Chairman		www.wipro.com
CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560035, India Website: www.wipro.com; Email id - info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

 

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