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Securities and Exchange Board of India (SEBI) has at its meeting held on January 25, 2000 considered the recommendations of the
Kumaramangalam Birla Committee on Corporate Governance and decided to implement the recommendations through an amendment to the
Listing Agreement of companies listed with the stock exchanges.
Over the years Wipro has shown a commitment towards effective corporate governance and has always been at the forefront of benchmarking
its internal systems and policies with global standards. Consistent with this commitment, Wipro believes that it needs to show a great degree
of responsibility and accountability. We are happy to inform you that our company’s existing practices and policies are significantly in
conformity with the requirements stipulated by SEBI.
I BOARD OF DIRECTORS
A The Board of Directors of the company shall have an optimum combination of executive and non-executive directors with
not less than fifty per cent of the Board of Directors comprising of non executive directors. In case the company has an
executive chairman, at least half of the Board should comprise of independent directors.
The details of the Directors on the Board of your Company are given below;
a. PROMOTER DIRECTOR
b. EXECUTIVE DIRECTORS
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d. NOMINEE DIRECTOR
B All pecuniary relationship or transactions of the non executive directors vis a vis, the company should be disclosed in the
Annual Report.
None of the non-executive directors of the Company have any pecuniary relationship or transactions with the Company other than fees
paid for professional services rendered by them. Details of such fees are given at Serial No.III B(b) of this report.
II AUDIT COMMITTEE
A qualified and independent Audit Committee shall be set up having a minimum of three independent non executive directors
as members. The role of the Audit Committee shall include the following;
l Oversight of the company’s financial reporting process and the disclosure of its financial information to ensure that the
financial statement is correct, sufficient and credible
l Recommending the appointment and removal of external auditor, fixation of audit fee and also approval for repayment for
any other services
l Reviewing with management the annual financial statements before submission to the Board
Our Company has had an Audit Committee since 1987. Currently, Mr. Hamir K. Vissanji, Mr. N. Vaghul and Mr. Nachiket Mor are members
of the Audit Committee, with Mr. Vissanji as Chairman. Meetings of the Audit Committee are attended by all members.
The current Charter of the Audit Committee is in line with international best practices and the regulatory changes formulated by SEBI and
the listing agreements with the stock exchanges on which we are listed.
III REMUNERATION OF DIRECTORS
A The remuneration of the non executive directors shall be decided by the Board of Directors.
The remuneration of the non executive directors of our Company are decided by the Board of Directors of the Company.
B Appropriate disclosures on the remuneration of directors has to be made in the section on the corporate governance of the
Annual Report.
Given below are the details of actual payments made during the financial year 1999-2000 to the Directors of the Company.
* employed from July 1999. Figures mentioned above are Rupee equivalent – as amounts are paid in US Dollars.
** employed upto August 7, 1999.
*** will be paid in 2000-01 for the preceding year
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In addition, the above Directors are entitled to rent free furnished residential accommodation or house rent allowance, leave travel
concession, reimbursement of medical expenses, club fees, personal accident insurance, fully maintained company car with driver,
interest subsidy on housing loan, etc. as per Company policy.
b) Non Executive Directors – Professional Fees paid during the last financial year
Four of our non executive directors are paid professional fees as detailed hereunder.
* Figures mentioned above are Rupee equivalent – as amounts are paid in US Dollars.
Currently, our Company’s Compensation and Benefits Committee has Mr. Hamir K. Vissanji, Mr. N. Vaghul and Mr. B. C. Prabhakar as
members, with Mr. Vaghul as the Chairman.
The current Charter of the Compensation and Benefits Committee is in line with international best practices and the regulatory changes
formulated by SEBI and the Listing Agreements with the stock exchanges on which we are listed.
IV BOARD PROCEDURE
A. The Board of Directors of a company shall meet at least four times a year, with a maximum time gap of four months between
any two meetings.
We hold a minimum of four Board meetings every year. During the last financial year, our Board met on April 30, 1999, July 29, 1999
October 29, 1999 and January 21, 2000.
B. The company further agrees that a director shall not be a member in more than 10 committees or act as chairman of more than
five committees across all companies in which he is a director.
None of the Directors of our Company is a member in more than 10 committees or act as chairman of more than five committees across
all companies in which he is a director.
V MANAGEMENT
A Management discussion and analysis report shall form part of the Annual Report to the shareholders
Sent separately as an annexure to the Annual Report.
B Disclosures must be made by the management to the Board relating to all material financial and commercial transactions,
where they have personal interest, that may have a potential conflict with the interest of the Company at large.
Periodical disclosures of this requirement are made by the management from time to time.
VI SHAREHOLDERS
A In the case of appointment of a new director or re-appointment of a director, the shareholders must be provided with the
following information;
l a brief resume of the director
l names of companies in which the person also holds the directorship and the membership of committees of the Board
The relevant information relating to the Directors who would be re-appointed at the ensuing Annual General Meeting to be held on July 27,
2000 are given below:
B.C. Prabhakar has been as our Director since February 1997. Mr Prabhakar holds a Bachelor of Arts in Political Science and Sociology
and an L.L.B. from Mysore University. Mr Prabhakar does not hold directorship in any other company.
Narayan Vaghul has been our Director since June 1997. Mr Vaghul has had a long and distinguished career as a banker. Mr Vaghul had
worked with Central Bank of India as Executive Director from 1978 to 1981 and Bank of India as Chairman & Managing Director from 1981
to 1984. From 1985 till date, Mr Vaghul has been Chairman of The Industrial Credit and Investment Corporation of India Limited. Mr. Vaghul
is also a Director of Mahindra and Mahindra Ltd., Nicholas Piramal India Ltd. and Air India Limited. Mr. Vaghul holds a B. Commerce in
Banking from Madras University.
Hamir K. Vissanji has been our Director since September 1956. Mr Vissanji has been Chief Executive Officer of BMD Chemicals Pvt Ltd.
since January 1995. Mr. Vissanji holds a Masters in Commerce from Bombay University.
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B All information like quarterly result, presentation made by companies to analyst shall be put on Company’s website,
Our Quarterly and Half-yearly results are displayed on the following web-sites i.e. www.wiproindia.com and www.wipro.com
We also regularly provide information to the stock exchanges as per the requirements of the Listing Agreements and update our websites
periodically to include information on new developments and business opportunities of the Company.
C A Board committee under the chairmanship of a non executive director shall be formed to specifically look into the redressing
of shareholder and investors’ complaints like transfer of shares, non receipt of balance sheet, non receipt of declared
dividends, etc. This committee shall be designated as ‘shareholders/investors grievance committee’
We have an Administrative Committee of the Board of Directors with Mr. Azim H. Premji and Mr. B. C. Prabhakar as members. In addition
to transfer of shares, this Committee will also look into redressal of shareholder and investor complaints.
D The Board of the company shall delegate the power of share transfer to an officer or a committee or to the registrar and share
transfer agents so as to expedite the process of share transfers.
The Registrar and Share Transfer Agents process share transfers within 10 days of date of lodgement in the case of shares held in
physical form.
VII COMPLIANCE
A certification shall be obtained from the auditors of the Company regarding compliance of conditions of corporate governance as
stipulated and the same sent to shareholders along with the directors’ report which is sent annually to all shareholders of the company.
The certificate dated May 25, 2000 obtained from our statutory Auditors M/s N M Raiji & Co. is given at page No.19 of the Annual Report.
VIII COMPLIANCE OFFICER
The name and designation of the Compliance Officer of the Company is Mr. Suresh C. Senapaty, Corporate Executive Vice President –
Finance.
In addition, shareholders can contact Mr. J. Shankar, Corporate Treasurer on financial matters and Mr. Satish Menon, Company Secretary
and Corporate Counsel on all legal and secretarial matters.
Their contact details are given below:
Name Telephone Number Email id Fax No.
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Mumbai, National Stock Exchange of India Ltd. Mumbai, Bangalore Stock Exchange Ltd., Stock Exchange-Ahmedabad, and Cochin
Stock Exchange Ltd..
(f) Stock Code – 7685 in The Stock Exchange, Mumbai
(g) Market Price Data: High, low during each month in last financial year. Performance in comparison to broad based indices such as BSE
Sensex, etc. The information is given at page No. 19 of the Annual Report.
(h) Karvy Consultants are our Registrars and Share Transfer Agents. Their contact details are: Karvy Consultants Limited, 51/2
Vanilvilas Road, T K N Complex, Opposite National College, Basavangudi, Bangalore. Telephone: (080) 6613400, 6610147
(i) In respect of transfer of shares, shareholders are advised to contact Karvy Consultants Limited directly.
(j) We received 27 shareholder complaints during the last quarter of the financial year. To the best of knowledge of the Company, these
complaints were solved to the satisfaction of the shareholders.
(k) As of May 24, 2000, the distribution of our shareholding was as follows:
Category No. of Percentage No. of shares Percentage
shareholders
(l) Dematerialisation of shares: Over 95% of the outstanding shareholding of the Company have been dematerialised.
(m) As of date, we have no outstanding convertible instruments.
(n) Our manufacturing facilities are located at ;
Mysore 312, Hebbal Industrial Area, Mysore 570 016.
105, Hootagalli Industrial Area, Mysore 571 186 Pondicherry
A-28, Thattanchavady Industrial Estate, Pondicherry 605 009
Peenya 9B-10A, Peenya Industrial Area, Phase-1, Bangalore 560 058
Hindupur 226C/226D, Industrial Development Area, APIIC, Hindupur 515 211
Gurgaon Plot No.480-481, Section 20, Udyog Vihar, Phase III, Gurgaon, Haryana
Amalner P O Box No.12, Amalner 425401, Dist.Jalgaon.
Guduvancherry 120/1 Vellacheri, Guduvanchery, Tamil Nadu 603 202
Tumkur Plot No.4 Anthrasanahalli Industrial Area, Tumkur 572 106
Waluj L-8, MIDC, Waluj, Aurangabad 431 136
(o) We have our Software Technology Parks in India located at:
88, M G Road, S B Towers, Bangalore 560 001; 37, Castle Street, Bangalore 560 025; K-312, Koramangala Industrial Layout, V Block,
Koramangala, Bangalore 560 095 ; 271-271A, Sri Ganesh Complex, Hosur Main Road, Madiwala, Bangalore 560 068 ; Information
Technology Park, Whitefield, Bangalore; 111, Mount Road, Guindy, Chennai ; 2nd Floor, Surya Towers E Block, 105 S P Road,
Secunderabad 500 003 ; Basappa Complex, 49/1A Lavelle Road, Bangalore 560 001 ; 30, Mission Road, 1st Main, S R Nagar,
Bangalore 560 027 ; 8, 7th Main Block, Koramangala, Bangalore 560 095 ; 26, Sri Chamundi Complex, Madiwala-II, Bommanahalli,
Hosur Main Road, Bangalore 560 068 ; A-314, Block III, KSSIDC Multistoried Complex, Keonics Electronics City,Bangalore ; 1-8-
448, Lakshmi Buildings, S P Road, Begumpet, Secunderabad ; Sharada Arcade, 685/2B&685/2C, Satara Road, Pune 411 037 ; 201,
Block A, STP Complex, Electronics City, Sector 18, Gurgaon 122 015 ; Plot No.4311, A2&A3, Excel Apartments, Panchayat Road,
Chennai 600 096 ;Survey Nos.64, Serilingampalli Mandal, Madhavpur, Hyderabad 500 033 ; Interop Solutions, 147, Metagalli Indus-
trial Area, Mysore 570 016
(p) Members can contact us at our registered office:
Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore 560 035. Telephone: (91-80) 8440011. Fax: (91-80) 8440051.
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Share price of Wipro and BSE index - Monthly high
Wipro
BSE Index
Apr-99 May-99
May- Jun-99 Jul-99 Aug-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00 Mar-00
99
WIPRO SHARE PRICE IN BSE BSE SENSEX DURING EACH MONTH WIPRO PRICE MOVEMENT SENSEX MOVEMENT
High Low High Low High Low High Low
Share Price of Wipro has been retroactively restated for the 5:1 stock split effected in October 1999.
AUDITORS’ CERTIFICATE
We refer to circular dated 21 February, 2000 issued by the SEBI in respect of incorporation of new clause 49 in
the listing agreement for corporate governance. We, the statutory auditors of Wipro Ltd. (the Company), have
reviewed the steps taken by the management of the Company to implement requirements of the said clause.
On the basis of our view, in our opinion, the Company has complied with the mandatory requirements specified
in the said clause, other than those stated below:
l Setting up of a board committee to look into redressing of shareholder and investor complaints.
The company has taken steps to comply with the above requirements in the year 2000-2001.
For N.M. RAIJI & CO.
Chartered Accountants
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Wipro
Business Ethics & Corporate Social Responsibility
Section – “A”
In 1966, after the death of Mohamed Premji’s, his son Azim Premji returned home from Stanford
University and took over Wipro as its chairman at the age of 21.
During the 1970s and 1980s, the company shifted its focus to new business opportunities in the IT
and computing industry, which was at a nascent stage in India at the time. In 1982, the name was
changed to Wipro Limited. February 2002, Wipro became the first software technology and
Services Company in India to be certified for ISO 14001 certification. Wipro also achieved ISO 9000
certification to become the first software company to get SEI CMM Level 5 in 2002. Wipro has a
workforce of 140,000 serving clients across 61 countries.
WIPRO Page | 1
Performance
Revenue from IT services segment grew by 18.05%. there was addition of 174 new clients during
the year. Profit from IT services increase by 160 bps. The increase in gross margin as a percentage
of revenue is primarily attributeable to depreciation in the value of the Indian rupee against the US
dollar. Selling and Marketing Expenses grew from 6.60 to 6.84% of revenue. There is growth rate
of 4.9%, 7%, 18.2% and 14.2% from America, Europe, APAC & Other Emerging Markets and India &
Middle East which constitute 50%, 29%, 12% and 9% of total IT services of Wipro.
Opportunities
Investing in key growth bets in industries like banking, Healthcare, oil and gas, utilities etc,
countries like US, continental Europe, Asia Pac and solution such as infrastructure service solution.
To be a strong ecosystem partnership of domain, technology and geography. Focus on drive
impact through disruptive technology such as cloud, analytics and mobility. Sales transformation
by Account Real Estate focus and sale Enablement. Providing Services in delivery to Automate the
process, Enhanced competence program and in Supply chain segment.
Challenges
Revenues from IT sevices are derived in major currencies of the world therefore currency
fluctuation can adversely affect our revenues and gross margins. There is high competition from
competitor with a threat of price war. 79% of revenue comes from United States and Europe,
there is reduction in demand because of economic slowdown. The change in imitation law are
making more difficult to obtain visa for employees, ability to compete and provide service in this
region could be impaired.
Outlook
Based on Nasscom Strategic Review 2014, WIPRO’s IT- BPM exports are estimated to cross USD 86
billion in FY 2014, growing at 13 per cent. The ability to be customer friendly and centric has been
a crucial factor in the rise. US continues to be the largest geographic market for India, accounting
for 62 percent, the highlight for the year was revival in demand from Europe, which grew at 14
WIPRO Page | 2
percent in FY 2014. BFSI continues to be the largest vertical segment accounting 41 per cent of
industry exports. IT Services is expected to grow at 14.3 per cent in FY 2014, ER& D exports are
estimated to grow by an estimated 11.1 per cent in FY 2014 driven by domain - specific solutions
focusing on convergence customization, efficiencies and localization.
BPM services growth could be at 11.9 per cent in FY 2014 boosted by demand from selected
customers reverting to Outsourcing Business Process, especially from the BFSI, Automotive and
Retail sectors.
Wipro Honored as World’s Most Ethical Company by Ethisphere Institute for the Fourth
Successive Year, 2015.
Wipro won ‘NASSCOM Corporate Award for Excellence in Diversity and Inclusion 2014’,
recognized for outstanding work in the Persons with Disability (PwD) category.
Wipro recognized as the company with Best CSR & Sustainability practices by Asian Centre
for Corporate Governance & Sustainability.
Wipro recognized as World Leader for corporate action on climate change by CDP in 2014.
Wipro ranked #1 in India 2013 ranking of Carbon Disclosure Leadership Index (CDLI).
Wipro ranked No 2 in the Global 500 listing of Newsweek’s Green Company Rankings 2012.
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Corporate Moral Development
In the code of business ethics Wipro was the first company to establish a set of beliefs to guide
business code of conduct in the 1970s. The company successfully compiled an Integrity
Manual which was drawn from the Wipro values to guide the employees conduct with their
customers. Wipro introduced a helpline service known as “WIPRO SOS” which comprises of the
senior members of the company including the chairman Azim Premji who are always available to
guide the Wiproites on the grounds of moral, legal and ethical issues that may arise in their
working.
Wipro’s Promise
With atmost respect to human values, Wipro promises to server its customer with integrity,
through innovative, value for money solutions by applying thought, day after day.
Human Values
Their human values say, “we respect the unique needs of customers and employees. We are
sensitive to their differing needs, in our interactions with them.” Values are what we get best out
of company’s employees.
Integrity
With integrity they promise to deliver what they commit, and carry out whatever they do with
honestly fairness, reliability and uprightness Integrity ensures that the company stands up right
against all odds, is truthful and stays committed to resolving internal conflicts. it helps them in
being ethical.
Innovation
To Wiproites innovation means that they consistently offer novel and superior solutions to satisfy
the needs of the customer. In this competitive world there are innumerable innovations. But at
Wipro they see to it that their innovation makes difference and less longer. It helps to focus on
solutions speedy executions and building a superior organization.
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Value for Money
Everybody promises value for money, but in Wipro they deliver it through constant improvement
in quality, cost and speed. They provide exactly what a customer wants – higher quality with
better price. They concentrate more on the substance rather than anything else and that is what
makes Wipro different. Along with the value for money Wipro provides them with confidence.
Wipro’s Ombudsprocess
Wipro’s Ombudsprocess was introduced on 15th August 2003. This process thus enable the
employees to discover information which they believes shows a serious malpractice, impropriety,
abuse or wrongdoing within the organization and such information are disclosed internally without
any fear of reprisal.
A study was carried out by the All India Management Association (AIMA) which produced the
findings that produced limelight about Wipro as follows:
Wipro is thus having ethical as well as unethical practices existing side by side but Wipro continues
to focus on curbing its deficiencies and enhancing its ethical standards thus making it an Emerging
Ethical Organization.
WIPRO Page | 5
Environmental Sustainability
Wipro has been trying to work for the environment for quite a few years now as evident from their
activities in different spheres of corporate activities. Wipro is really into implementing of green
building design concepts in its setting up of new office buildings around the world in different
campuses, with adopting best practices in IT infrastructure to lower down its carbon footprint, its
wastage of power and other necessary resources. Wipro also uses clean energy source in its day to
day operations in its office campuses. Rain water harvesting and water recycling also are pivots in
working towards a better environment initiative taken by Wipro. Solid wastes are recycled for land
refilling and also preparing cooking fuel in Wipro campuses lowering energy costs and lower
environmental impact on surrounding thanks to Wipro.
Wipro provides its customers with a new integrated solutions portfolio with focus on their
environment goals too. The portfolio offered covers green computing, green IT and clean energy
solutions all together.
WIPRO Page | 6
of quality drinking water sources. The world needs the governments putting out a workable plan
to control wastage and provide people with access to clean and safe drinking water. What the
corporate like Wipro are trying to do is provide an appropriate and equitable solution for pricing
water available to the public masses. They are working out plans to save water in their office
buildings with efficient fittings and practices, adopting ways to recycle water, reduce use and more
importantly wastage.
Sustainable cities
The world is moving toward a more city centric functions. With estimated half the population to
be living in cities by next quarter of the century there is need to manage sustainably the rise in
urbanization lately in the modern world. As we look to solve the problem of providing better
shelters and amenities to the people living already in these cities or who are migrating into these
cities, the corporate as well as the government need to be on their toes to plan and chart out the
methodology to do so. Business houses and corporate will be the main attractors of this new
population and so will be playing a major role in creating a sustainable urbanization map for the
new urban population looking after the common good of having humane living conditions and
facilities in a densely packed place. These corporate and business houses need to partner and
provide greener infrastructures and also help and contribute in shaping and implementation of
policies in this direction. The smart cities of future need to be able to be providing people with
sustainable infrastructures and technologies.
Sustainable food security: while the population of the world grows at an alarming rate the food
production doesn’t and that’s a cause of worry for the people around the world. The direct cause
result of this would be food scarcity and deaths due to hunger, diseases due to mal nutrition.
What the corporate like Wipro can do is help the biotech companies of the world to engage and
develop viable crop productivity solutions for people. This people also need to help in the food
logistical department resulting in lower of the food lost in transition and transportation in supply
chains all over the world.
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Wipro has aim of becoming carbon neutral setting up required governance councils to guide itself
and taking up projects to guide itself to carbon neutrality. Wipro in its venture to greenifying itself
diversified in to green computer manufacturing and marketing also.
Eco eye: Wipro has launched Eco Eye a corporation wide initiative on ecological sustainability
aiming to work for ecology in its small way. Eco Eye is Wipro's program that driving ecological
sustainability in all its operations, as with areas of its influence attempting to engage the
increasing level of intensity with stakeholders. Wipro believes Ecological Sustainability is the future
defining force for society and business globally. Wipro want to work on the dimensions of carbon
neutrality, water balance, waste management and bio-diversity side by side with its businesses.
Wipro developed the framework for Ecological Sustainability with five themes, seven goals for
implementation in its operations. Five themes include being ecological surplus organization,
profitable investment all around, transparent reports system in organization, large sustainability
initiatives beyond Wipro organization, risk planning and their mitigation. The Company also is
aiming to be carbon neutral and water positive organization, achieving predefined level of
biodiversity footprints, setting new standard in recycling of waste generated and facilitate
employees also to achieve high ecological footprints in their personal life. Wipro has initiatives in
Ecological Sustainability already. Initiatives adopted for making the internal operations green
resulting in reduction of electricity consumption and also meeting its water requirements partially
with recycled water. Its campuses have been rated positively by LEED. On the customer front,
Wipro is building green data centers, has launched Green ware PCs, first eco-friendly PC range in
India, Eco-friendly Product Engineering Design, Electronics Waste disposal Services and Water-
treatment solutions. Wipro has also regularly undertaken tree plantation drives across different
Indian cities.
Disaster rehabilitation
Wipro believes that the affected people in disasters have the best knowledge of what they need to
become independent again. Wipro therefore, engages with them to understand their needs and
then providing continuous sustaining support to help rebuild their lives.
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Uttarakhand Floods Project - Unnati – helped to Restore and strengthen livelihood of
families by promoting organic farming- cash crops, vegetables, poultry, bee-keeping,
floriculture, dairy, promoting fruit orchards and establishing cold store in the targeted
specific blocks of the Uttarkashi district.
Odisha Floods Project- worked for restoration of livelihood and income augmentation
of the affected fishing communities. Helping to rebuild the capacities of the vulnerable
fishing communities with technological advances and government schemes aimed at them.
Tsunami, Tamil Nadu, 2004- a cost effective, labor intensive solution for reclaiming
100.25 acres of agricultural land in affected areas. Thus providing immediate livelihood
opportunities to agricultural labourers and also helping to reclaim agricultural land of
farmers. Landless women in the village were asked and encouraged to grow saplings which
were purchased by Wipro to create costal plantation aiming to prevent further major
damages by natural causes. The fishermen in community were provided with boats and
fishing gears that took care of the fishermen families helping them rebuild their life
again. Wipro helped to construct earthquake and cyclone proof houses as per the
government norms in for future protection and care.
Bihar Floods, 2008- Wipro At individual household level, supported creation and
implementation of eco sanitation, rain water harvesting and solar lighting systems. At
community level wipro helped construction of an open well, fixing hand pumps and
building platforms around it, providing rescue centers at cluster level, solar streetlights,
tree plantation and bamboo plantation as resource for housing.Wipro also realized the
need to build awareness around eco sanitation and rain water harvesting. So, wipro
implemented a social advocacy campaign including awareness building, educating and
monitoring the usage patterns and user feedback through institutional mechanism
comprising of village level workers, volunteer groups, resource individuals and groups.
Karnataka Floods, 2009 - Based on surveys at both field level and consultation with
the government it was found The entire north Karnataka is underdeveloped. The main
livelihood activity here is agriculture but thanks to continuous drought, the community is
impoverished. There was need for developmental activities including proper housing,
drainage and sanitation facilities etc for the people living there affected by natural disaster.
WIPRO Page | 9
Hosurapaidoddi in Surapurtaluk of Yadgir district and Naregal of Koppal District were
selected to build up new houses by wipro. Apart from building houses Wipro also got
involved in running of elementary schools and holding skill training workshops for the
youth in communities of these two villages.
Wipro took quite a few steps to clear its headache regarding rain water harvesting implementation
in its campuses. In the Bangalore campus of wipro it was having some issues with rain water
harvesting as the storm drain carried three kinds of water; pavement runoff, rooftop runoff and
chiller unit waste where quality of water was different for each case. It was hence essential to
keep them separated. Further more water the pond in which water was to be stored has
approximately 4000sq m of surface area located in the campus of electronic city Bangalore was
losing water because of Evaporation (Roughly 80000 kl per year) and Seepage. To solve these
issues Wipro use following strategy:
Sump tank: After segregating the rainwater from other 4 sump tanks with storage
capacity of more than 3 lakh liters were used to store rainwater separately from both
rooftop and surface.
Rainwater barrel: Sintex tanks with capacity of 5000 liters were used to collect rooftop
rain water, these tanks do not require pumping mechanism to use water.
Open well: To collect the seepage an open well was constructed which enabled to pump
the seepage water back to the pond.
This enabled in storage of 21,000 kilo liters of rainwater every year. If the daily demand is 21,000
kilo liters every year this suffices for 42 days.
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Financial Sustainability
Wipro's maintainability report otherwise known as has Triple Bottom Line approach which based
upon the GRI system. It is evaluated an A+. On an A/B/C rating grid, the "A" rating speaks to the
most abnormal amounts of divulgence. WIPRO keeps on utilizing the analogy of the mobius strip
for maintainability – something that they had presented in their first report – reflecting how
entwined the three parts of financial, environmental and social manageability truly are.
Material maintainability parameters set around those are: Energy and GHG power, water
effectiveness, waste reusing, representative wellbeing and security, assorted qualities, individuals
advancement, client stewardship, green IT, instruction and group activities, backing and open
approach.
The Company has composed by business, which essentially incorporate IT Services (involving IT
Services and BPO Services) and IT Products and Others. Subsequent to the demerger of Consumer
Care and Lighting, Infrastructure Engineering and other non-IT organizations (by and large, "the
Diversified Business"), the Company has re-composed the IT Services business with the object of
making industry practice its point of convergence for execution assess ment and interior monetary
reporting and choice making. Therefore, the arrangement for reporting IT benefits business has
been changed to industry sections (Industry rehearse). Industry sections essentially comprise of
Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail,
Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU),
Manufacturing and Hi-tech (MFG), Global Media and Telecom (GMT).The Company has four
geographic portions: India, USA, Europe and Rest of the World. Huge segment of the fragment
resources are in India.
With the end goal of reporting, business fragments are considered as essential portion and
geographic portions are considered as optional section. Administration accepts that it is right now
not practicable to give exposure of land resources and liabilities, since the significant isolation of
the accessible data is cumbersome.
WIPRO Page | 11
The Company is at present sorted out by business fragments, involving IT Services, IT Products and
Others. Business fragments have been resolved in view of arrangement of inward budgetary
answering to the governing body and CEO and are thought to be essential portions. The optional
portion is distinguished taking into account the geographic area of the client.
Charge
The Company had gotten expense requests collecting to` 42,883 (counting the enthusiasm of `
12,907 ) emerging essentially on the record of foreswearing of finding under segment 10A of the
Income Tax Act, 1961 in appreciation of benefit earned by the Company's endeavor in Software
Technology Park at Bangalore for years finished in March 31, 2001 to March 31, 2009.
In March 2014, the Company got the draft appraisal request, on comparative grounds as that of
prior years, with an interest of ` 9,058 (counting enthusiasm of ` 2,938) for the monetary year
finished March 31, 2010.
Considering the truths and nature of preclusion and the request of the redrafting power
maintaining the cases of the Company for prior years, the Company expects that the last result of
the above question to be agreeable to the Company.
Work Growth
SEED is Wipro BPO's training activity, which brings scholastics to your desktop. With its
surrounding scope of Graduate, Post Graduate and Professional Courses, SED has 1000+
enrolments crosswise over India. Workers can now look over the rundown of 18 courses accessible
from chief establishments like Symbiosis, BITS, IATA, ICFAI and numerous more. On effective
finishing of the course, Wipro BPO repays the course expense. In short - You Pass We Pay.
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Supplier differing qualities
Wipro supports Supplier Diversity by recognizing and drawing in qualified suppliers in the
accompanying classifications: Supplier firms claimed by individual with incapacity ,Women
possessed Enterprises and Minority Owned Enterprise.
Wipro has an Equal Opportunity boss and firmly advocates the same through its production
network. Differing qualities supplier spend adds to 11.4% of aggregate focal acquisition followed
spend for India operations. Assorted qualities arrangement is in view of supplier self revelation
and is not checked.
A devoted merchant helpdesk handles supplier questions on installment iss ues, arrangement
elucidations and gives the beginning contact for grievance redressal. Our association wide
multilingual Ombuds methodology is accessible 24x7 (telephone and web empowered) for our
Suppliers and Contractors. While a decent extent of ombuds procedure cases are unknown, in
view of self-divulgence, we realize that there were 16 protestations reported by suppliers amid the
year. There were two cases of genuine supplier breaks of our implicit rules, both of who have been
boycotted.
There have been no cases identified with against trust in the reporting period over our business
divisions
CONCLUSION
For long, IT industry has sought after a uni-dimensional model of monetary riches creation without
considering issues identifying with maintainability and the subsequent effect on future eras. The
key test today, both all inclusive and also in India, is to concentrate on comprehensive
development by guaranteeing monetary wellbeing over all areas of society while in the meantime
ensuring our surroundings and eco-frameworks. It has now been definitively demonstrated by
substantial enterprises in various nations that industry can assume a huge part in advancing
comprehensive and maintainable practices while seeking after monetary riches creation by
receiving the Triple Bottom Line approach. Wipro trusts it must attempt to, and can make (some)
enduring effect, towards making an equitable, impartial, empathetic & reasonable society.
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Social Equity
Towards greater objectives the initiatives follow their own strategies found to be appropriate in
their own working context. For example Wipro Cares has keen focus to ensure the wellness and
sustainable living of the overall communities through focus on making and implementing direct
provisions for healthcare services, school educations, environmental restoration and disaster
rehabilitation. Similarly Mission 10x is focused to make engineering education system to be more
beneficial in providing support to evolving needs and faculty development to enhance teaching
learning process and ensuring employability of the graduates so as to benefit the society as a
whole.
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“Wipro applying thought in schools”
This is an initiative which focuses on building capacity in school education in India to enable social
changes with a vision of democracy as well as ethics of society. To achieve this Wipro partners
with civil society and other organizations to provide higher leverage, deeper connect to ensure
higher sustainability. It has worked with more than 2000 schools with their 10,500 trainers across
17 states and targeting 8 lakhs students. It is driven by the belief that education is a way to enable
change in the society and thus focuses the ethics of society, its essentiality of diversity, ethos of
justice along with individual sense through social sensitivity. The schools are believed to nurture
these principles, capacities and values to ensure sustainable concern for the society.
Ecology Initiatives
The aim of this initiative is classified into the following key areas along with specific projects
undertaken:
Science & Nature: “SeasonWatch” is a project undertaken with National Centre for
Biological Sciences to instill scientific spirit and connect with nature going out from the
boundaries of classroom and schools and improving the capabilities along with environment
Ecological footprint: Green Schools Program 2 with Centre for Science & Environment to
make children aware and active about ecological footprint on land, water and energy with its
evolving stage at the school campuses
Conservation: This is a new initiative undertaken as “Nature Conservation Foundation” to
localize knowledge area created through conservation activities along with school education
These initiatives are integrated in subsequent stages to enhance learning experience connecting
the world of ecology and education.
Social Sciences
This is a recently conceived idea to improve quality of education and was made through
Partnership with Vikramshila which was a way to consolidate all the social sciences taken
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up in the past to provide a tangible curricular material which is project based and provides
future guidelines. The schools were made the focus group in this idea to run simulation
through workshops and textbook analysis of the existing curriculum and formulate
guidelines which may be applicable to a larger group of the society to bring about a
change.
The students that were selected from their submitted abstracts were made a part of a 3-year
Continuous Engagement Programme (CEP). This Continuous Engagement Programme was aiming
at embedding a thinking and action towards the issues of sustainability in their schools as well as
the communities. The Continuous Engagement Programme was offered by the partners of Wipro
which covered the workshops for the teachers in the first year along with campus environmental
footprint measurement, biodiversity and theatre workshop. The next Earthian programme was
launched in May, 2012 to continue this trend and bring sustainable growth to the society with the
capabilities of the students being part of future policy makers.
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Mission 10x
Mission 10x was an initiative taken by Wipro on 5th September, 2007 aim at not for profit and “to
transform engineering education in India” with a view of growing demand of engineering in the
economy. Under this scheme, the faculty members along with the principals of various
engineering institutions across India were invited and trained to empower them to use innovative
teaching techniques and provide quality education. The teachers were made to absorb higher
standards of understanding in the subject field and effectively apply them into practical situation
as well as develop important skills to enhance their employability.
The mission was able to cover more than 1200 engineering colleges across 25 different states of
India and enabling more than 23,000 faculties of engineering to achieve recognition. Mission 10x
was honored with “Best Practice” award by University of Pennsylvania.
In the future, Center of Excellence plans to create an online learning system on pedagogy as a part
of education support, video modules to its support and leadership workshops for the faculties.
Some of the initiatives taken by Wipro under the Mission 10X are:
ALW: ALW is known as Academic Leadership Workshop. This workshop was made for the
Principals of engineering colleges across India to help them in building the instituti on. ALW
is a leadership workshop which helps to develop the strategic thinking capabilities, vision
building, skills and competency developments in the Principals. Development Dimension
International (DDI) and Harvard Business School Publishing (HBSP) are the stakeholders in
the Mission 10X Research Center.
Conclave 2011: This conclave focuses to provide the platform, where teachers share
their class experiences. On the basis of their experiences, various teaching methodologies
were developed which were implemented across the classrooms.
IIT Madras MoU: To address the issues of the steep decline in quality of the graduate’s
student beyond the top-tier institutions, Mission 10X signed a MoU with IIT Madras. The
purpose of this MoU is to bring collaborations in the areas of Research in Engineering
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Education, Learning and Teaching in order to develop the quality the graduate’s so that
they can meet with the standard expected by the industries.
Mission10X Impact Study: This study aims to study the impact of the Misson10X in
order to know how successfully this initiative has resulted. In this study total 220
Mission10xians across the state participated. The study shows the positive impact of
Mission10X on the attitude of teachers which have changed enormously after teachers
underwent its workshops.
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