Wipro Enterprises Pvt Ltd, led by Azim Hasham Premji, achieved remarkable financial growth in the fiscal year ending March 2024. The company’s consolidated revenue from operations rose by 9.8%, reaching ₹16,902 crore, while its profit surged 35% to ₹1,903.1 crore. Total income, including other sources, stood at ₹17,761.3 crore, an 11.2% increase compared to FY23, according to a filing with the Registrar of Companies (RoC).
The previous fiscal year, FY23, saw Wipro Enterprises report revenue from operations of ₹15,387.8 crore and a profit of ₹1,410.1 crore, as per data accessed via Tofler.
Shareholding structure and key business segments
As of March 31, 2024, Azim H Premji held a 77.65% stake in the company, with the remaining 21.84% owned by the Azim Premji Trust. Wipro Enterprises operates across various sectors, including consumer care, home care, food, hydraulics, aerospace, lighting, additive manufacturing, and industrial automation.
Wipro consumer care and lighting performance
The flagship subsidiary, Wipro Consumer Care and Lighting, reported net revenue of ₹10,269.5 crore, up 3.13% from ₹9,956.9 crore in FY23. This division owns popular brands like Santoor, Yardley, Chandrika, Softouch, and Maxkleen, catering to markets across India, Asia, and Africa.
Wipro infrastructure engineering posts impressive growth
Wipro Infrastructure Engineering experienced a significant 22.1% growth in net revenue, which increased from ₹5,430.9 crore in FY23 to ₹6,632.5 crore in FY24. This division specializes in hydraulic cylinders, aerospace components, metal additive manufacturing, and water treatment solutions, serving Indian, European, and U.S. markets.
Domestic and global market contributions
Wipro Enterprises’ domestic revenue grew 8.67% to ₹8,042.2 crore, contributing nearly 50% of the total sales. International markets also played a crucial role, with SouthEast Asia and China contributing ₹3,535.6 crore. The Malaysian market added ₹1,521.1 crore, followed by Europe with ₹1,766.6 crore and the U.S. at ₹1,432.5 crore.
Future outlook
With its diversified portfolio and strong market presence, Wipro Enterprises continues to expand its footprint both domestically and internationally, leveraging innovation and operational excellence to drive growth.
