Wipro becomes third Indian IT firm to scale Rs 3 trillion market cap

Wipro has touched Rs 3 trillion in market capitalisation for the first time, becoming the third Indian IT firm to achieve the milestone after Tata Consultancy Services and Infosys. The company won its largest deal ever from German retailer Metro and has seen deal wins of $7.1 billion. India has a total of 13 listed firms that have crossed the Rs 3 trillion m-cap. Wipro now ranks 14th.

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Reliance Industries is India’s most valued company with a market capitalisation of ₹14.05 trillion, followed by Tata Consultancy Services Ltd and HDFC Bank with an m-cap of ₹11.58 trillion and ₹8.33 trillion, respectively.

Important takeaways for all competitive exams:

• Chairman of Wipro Limited: Rishad Premji.
• Wipro Headquarters: Bengaluru;
• Wipro MD and CEO: Thierry Delaporte.

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