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Profile

Wipro Ltd is an Indian multinational corporation, founded in 1945 as Western India Vegetable Products Ltd. Over the years, the company has evolved into a leading provider of IT, consulting, and business process services, with a presence in over 50 countries.

Wipro has a diversified product mix, with its IT services division being the largest contributor to its revenue and profit. The company has a strong presence in key industries such as financial services, healthcare, and manufacturing, and has a reputation for delivering high-quality services to its clients.

In recent years, Wipro has faced intense competition in the IT services market, particularly from larger global players such as IBM and Accenture. However, the company is well positioned for growth in the future, with a focus on expanding its digital services capabilities, building its presence in key growth markets, and investing in new technology areas such as artificial intelligence and cloud computing.

The major growth drivers for Wipro in the future include the continued growth of the global IT services market, increased demand for digital transformation services, and the growing need for technology solutions in a range of industries.

In terms of industry analysis, Wipro operates in the highly competitive global IT services market, with major players including Tata Consultancy Services, Infosys, and HCL Technologies. These companies are direct competitors of Wipro in the market.