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A total of complaints of sexual harassment were raised in the yearof which cases were disposed and appropriate actions were taken in all cases within the statutory timelines. Mechanism followed under Ombudsmen process is appropriately communicated within the Company across all levels and has been displayed on Wipro”s intranet and on Wipro”s website at www.
A statement containing names of employees employed throughout thefinancialyearand in receipt of remuneration of Rs.
On April 25,the Board recommended a proposal for issue of Bonus Equity Shares in the proportion of 1: Appropriations to general reserve for the financial year ended March 31, as per standalone and consolidated financial statements are as under: A statement containing, inter alia, the names of top ten employees in terms of remuneration drawn and every employee employed throughout the financial year and in receipt of remuneration of Rs.
Kurien will hold ofce till the date of the Annual General Meeting of the Company scheduled to be held on July 19, We, therefore, applied to the Ministry of Corporate Affairs, Government of India and sought an exemption from the requirement to present detailed financial statements of each subsidiary.
Wipro Balance Sheet, Wipro Financial Statement & Accounts
Your 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. Refer note 4 on page Financial Performance Key highlights of consolidated financial performance for Wipro and its group companies and standalone financial results forWipro Limited for the financial year are tabulated below: During the year ba,ance March 31,your Company acquired Appirio Group, a global Cloud Services company that creates next generation worker and customer experiences.
Zheet Company continues to focus on being a system integrator of choice where it provides IT products as a complement to its IT services offerings rather than sell standalone IT products. The Guidelines broadly outline conditions for appointment of directors, guiding principles shee remunerate directors, responsibilities of the Board, Risk Management, rotation of audit partners, audit frms and conduct of secretarial audit and other Corporate Governance and Corporate Social Responsibility related disclosures.
Investments in direct subsidiaries During the year under review, your Company had invested an aggregate of USD Mn as equity in its direct subsidiaries.
In millions Standalone Consolidated Net profit for the year Balance of Reserve at the beginning of the year Transfer to General Reserve Balance of Reserve at the end of the year 77, 4,62, 4,13, 80, 5,11, 4,70, Subsidiary Companies In accordance with Section 3 of the Companies Act,a statement containing salient features of the financial statements of the subsidiary companies in Form AOC-1 is provided from pages to of this Annual Report.
A statement containing, inter alia, og of employees employed throughout the financial year and in receipt of remuneration of Rs.
Your Company”s governance practices are described separately in Pages 54 to 83 of this annual report.
Wipro Balance Sheets, Financial Statements – The Economic Times
Vour Company has a robust and effective framework for monitoring compliances with applicable laws. Audit, Risk and Compliance Committee 2. M K Sharma as Additional Director with effect from July 1, and decided to place the proposal for re-appointment of 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.
The Audit, Risk and. During the yearunclaimed dividend of Rs.
Directors Report of Wipro Ltd.
The said appointment was approved by the members of the Company at the 71 st AGM held on July 19, Girish S Paranjpe and Mr. Your Company has adopted an Ombuds process as a channel for receiving and redressing complaints from employees and Directors, as per the provisions of Section 9 and 10 of the Companies Act, and regulation 22 of the Listing Regulations.
Acquisitions and Joint Ventures Your Company has continued to pursue the strategy of “string of pearls acquisitions” by acquiring businesses which complement our service offerings, provide access to niche skill sets and expand our presence in select geographies.
The evaluation process also considers the time spent by each of the Ot Member, core competencies, personal characteristics, accomplishment of specific responsibilities and expertise. 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.
Board Governance, Ablance and Compensation Committee 3. Shyam Saran, did not desire for re-election at the last Annual General Meeting of the Company held on July 23, and ceased to be directors of the Company.
Sales and Other Income. The aforesaid appointments were approved by the balancf at the 69th Annual General Meeting held on July 22, Corporate governance principles are enshrined in the Spirit of Wipro, which form the core values of Wipro. Rishad Azim Premji was appointed asWholeTime Director of the Company by the Board of Directors with effect from May 1, for a period of five valance, subject to the approval of the shareholders.
Internal Financial Controls and Audit Internal Financial Controls and their Adequacy The Board of your Company has laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and operating effectively. Compliance Management Framework Wipeo Company has a robust and effective framework for monitoring compliances with applicable laws.
With a view to strengthen the Corporate Governance framework, the Ministry of Corporate Afairs has incorporated certain provisions in the Companies Bill The buyback was made from all existing 20111-12 of the Company as on September 15,being the record date for the purpose, on a proportionate basis under the tender offer route in accordance with the provisions contained in the Securities and Exchange Board of India Buy Back of Securities Regulations, and the Companies Act, and rules made there under.
India continues to be the global sourcing leader. Vide notification dated May 7, issued by Ministry of Corporate Affairs, the requirement of seeking ratification of appointment of statutory auditors by members at each AGM has been done away with.