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During the year, your Company won several awards and accolades, out of which key recognitions are given below:.
Directors Report of Wipro Ltd. These guiding principles are also articulated through the Company”s code of business conduct, corporate governance guidelines, charter of various sub-committees and disclosure policy.
Financial Performance The standalone and consolidated financial statements for the financial year ended March 31,forming part of this Annual Report, have been prepared in accordance with the Indian Accounting Standards Ind AS as notified by the Ministry of Corporate Affairs.
Ireena Vittal as mentioned above. Your Company has invested in these advanced technologies to strengthen existing capabilities and enhance its platforms for rich customer experience. William Arthur Owens f.
Hence, there is no outstanding amount as on the Balance Sheet date. The requisite notices together with necessary deposits have been received from a member pursuant to section of the Companies Act, proposing the election of Mr. This includes cookies from third party social media websites and ad networks. Ireena Vittal f Dr.
During the yearyour Company”s foreign exchange earnings were Rs. Jagdish N Sheth, Mr. Pursuant to the provisions of section 6 of the Companies Act, and the rules mentioned aforesaid, equity shares in respect of which dividend has not been claimed for the financial year will be transferred to the IEPF Authority in accordance with the aforesaid rules.
Vigil Mechanism The Company has adopted an Ombuds process which is a channel for receiving and redressing of employees” complaints. Pursuant to section of Companies Act, and Schedule V of the Listing Regulations, disclosure on particulars relating to Loans, Advances, Guarantees and Investments are provided as part of the financial statements.
Corporate Governance is also related to Innovation and Strategy as the organisations ideas of Innovation and strategies are driven to enhance stakeholder satisfaction for all stakeholders. Along with the new identity, your Company has rearticulated the Spirit of Wipro. It combines the business knowledge and industry expertise of its domain specialists and the technical knowledge and implementation skills of its Delivery team leveraging its Products, Platforms, Partnerships and Solutions in its Development Centers located around the world.
Subsidiary Companies Wipro is a global corporation having operations in more than 35 countries through 80 subsidiary companies, a few joint ventures and associate companies.
Wipro Balance Sheets, Financial Statements – The Economic Times
Interim Dividend Pursuant to the baance of Board of Directors on January 18,your Company had distributed an interim dividend of Rs. Sales and Other Income. Your Company has also built a Big Data Ready Enterprise, which is an open sourced big data product aimed at addressing the complete lifecycle of managing data across the enterprise data lake that makes it possible 20011-12 ingest, organize, enrich, process, analyze, govern and extract data at a fast pace, thereby significantly accelerating the big data implementation in a cost effective manner.
The markets that your Company serves are undergoing rapid changes due to the pace of developments in technology, innovation in business models and changes in the sourcing strategies of clients. Our net profits increased to Rs. Interim Dividend Pursuant to the approval of Board of Directors on January 21,your company had distributed an interim dividend of Rs.
Suresh 2011-122 during their tenure as Directors of the Company.
Wipro Ltd. balance sheet, financial statement, accounts
Balance of Reserve at the end of the year. Investments in direct subsidiaries During the year under review, your Company had invested an aggregate amount of USD Mn as equity in balanve direct subsidiaries i.
Adequate workshops and awareness programs against sexual harassment are conducted across the organization. The Company has received requisite notice under Section of the Companies Act, from a member, along with the requisite deposit, signifying his intention to propose re-appointment of Ms. The Wipro ngGenie, my Advisor provides next generation experiences by enabling Voice and Conversation based advice based on deep domain knowledge.
IT Services is expected to grow by about 3. During the yearunclaimed Dividend of Rs.
Name of the shareholder No. Deposits The Company has not accepted any deposits from public and as such, no amount on account of principal or interest on public deposits was outstanding as on the date of the balance sheet.
Financial Performance Key aspects of your Companys consolidated financial performance for Wipro and its group companies and standalone financial resultrfor Wipro Limited for the year are tabulated below: Investments in direct subsidiaries During the year under review, your Company had invested an aggregate of USD Mn as equity in its direct subsidiaries.
Pursuant to provisions of section 12 of the Companies Act,the Statutory Auditors have not reported any incident of fraud to the Audit, Risk and Compliance Committee during the year under review. One third of these retiring Directors must retire from ofce at each Annual General Meeting of the shareholders. Pressures on cost-competitiveness, an uncertain economic environment and immigration restrictions are causing clients to develop newer business models. The stock option plans are in compliance with Securities and Exchange Board of India Share Based Employee Benefits Regulations, “Employee Benefits Regulations” and there have been no material changes to these plans during the financial year.
Ireena Vittal f Mr. During the fiscal year ended March 31,Wipro Ventures has seen strong traction and scale. Corporate Governance As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on corporate governance practices followed by your Company, together with a certificate from V.
Accordingly, no such item has been considered in notice of the 72 nd AGM. N Vaghul b Mr. The policy details various considerations based on which the Board may recommend or declare Dividend, current dividend track record, usage of retained earnings for corporate actions, etc.
We believe that the Consolidated Financial Statements present a more comprehensive picture rather than the standalone financial statements of Wipro Limited and each of its subsidiaries.