What the company or idea is
Wipro is an Indian multinational technology company headquartered in Bengaluru, incorporated on 29 December 1945 as a cooking oil manufacturer.
How it actually makes money
Wipro makes money from information technology, consulting, and business process services. Its software services business accounted for the vast majority of its profits by 1998.
What works
Its 1990 shift to offshore software development aligned with global outsourcing demand. By 1998, that move made it India’s second-largest software exporter — a position built on labour arbitrage, contractual scale, and corporate reorganisation.
What does not
Wipro did not build lasting hardware businesses. Its mid-1990s leadership in PCs, peripherals, and medical equipment did not survive as a core profit driver. Its early minicomputer (1981) and software suite (1984) were stepping stones, not scalable products.
What to take from it
Wipro’s story is about asset reallocation, not invention: it exited low-margin manufacturing, leveraged state-supported labs (IISc), and rebranded infrastructure work as ‘offshore software development’ — a shift in billing, not capability.
Is it worth your time
Yes — as a case study in structural reinvention, not technological innovation. Its pivot from cooking oil to IT reveals how capital, timing, and demerger mechanics—not R&D—drove its ascent.





