Wipro

Strategic intent

Wipro is a global information technology, consulting, and business process services company that delivers end-to-end digital transformation, cloud, cybersecurity, and AI-powered solutions to enterprise clients worldwide.

Key market signals

• 2026-04: Secured an 8-year strategic transformation deal with Olam Group expected to exceed $1 billion in contract value, which includes the acquisition of Olam's IT services arm, Mindsprint, for $375 million.
• 2026-04: Approved a major share buyback program of up to ₹150 billion ($15,000 crore) at a price of ₹250 per share.
• 2026-08: Expanded partnership with Google Cloud to scale Gemini Enterprise, aiming to equip 10,000 AI-certified specialists with advanced AI capabilities.
• 2026-09: Partnered with CrowdStrike to launch the CISO Command Center, integrating CrowdStrike's Falcon platform with Wipro's managed security services.
• 2025-04: Established a dedicated Artificial Intelligence business segment to develop agentic AI solutions, appointing Nagendra Bandaru as its CEO.

Financial health

• For the fiscal year ended March 31, 2026, Wipro reported gross revenue of ₹926.2 billion ($9.9 billion), representing a 4.0% YoY increase (source: https://www.wipro.com/newsroom/press-releases/2026/wipro-announces-results-for-the-quarter-and-year-ended-march-31-2026).
• FY26 net income reached ₹132.0 billion ($1,406.5 million), a 0.5% YoY increase, with an IT services operating margin of 17.2% (source: https://www.wipro.com/newsroom/press-releases/2026/wipro-announces-results-for-the-quarter-and-year-ended-march-31-2026).
• For Q1 FY27 (ended June 30, 2026), gross revenue was ₹244.8 billion ($2,585.9 million), up 10.6% YoY, though IT services operating margins compressed to 16.0% due to deliberate talent and strategic investments (source: https://www.wipro.com/newsroom/press-releases/2026/wipro-announces-results-for-the-quarter-ended-june-30-2026).

Impact & compliance

Legal & risks

In July 2025, the Delhi High Court ruled against Wipro in a defamation case (Abhijit Mishra v. Wipro Limited), finding that the company's termination letter baselessly alleged 'malicious conduct' and 'complete loss of trust' without substantiating evidence, damaging the employee's reputation. In […]

Forensic audit — 2 findings

• ⚠ In February 2026, the ransomware group DragonForce claimed responsibility for a cyberattack against Wipro Ferretto Group...
• ⚠ In February 2026, the Customs, Excise & Service Tax Appellate Tribunal (Mumbai) heard an appeal by Wipro GE Healthcare P...

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