Wipro overtakes HCL Tech to become third most-valued Indian IT firm

Wipro regained its position as the 3rd largest Indian IT services company by market capitalization of ₹ 2.65 trillion by suppressing HCL Technologies’ ₹ 2.62 trillion market cap. TCS remains at the top of the list with a market cap of ₹ 11.51 trillion followed by Infosys.

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Wipro has also announced its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2040, in line with the objective of the Paris Agreement to cap temperature rise to 1.5 degree Celsius. The country’s third-largest largest software services company has set an intermediate target of 55 per cent reduction in GHG emissions by 2030 in absolute emission levels compared to its base year of 2016-17 (April-March).

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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