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The policy covering these requirements is provided in the Corporate Governance report at page no. The Wipro ngGenie, my Advisor provides next generation experiences by enabling Voice and Conversation based advice based on deep domain knowledge.
Evaluation of the Board was based on criteria such as composition and role of the Board, Board communication and relationships, functioning of Board Committees, review of performance and compensation to Executive Directors, succession planning, strategic planning, etc.
Your Company develops and integrates Innovative Solutions that enable its clients to leverage IT to achieve their business objectives at competitive costs. Directors and Key Managerial Personnel Pursuant to the recommendation of Board Governance, Nomination and Compensation Committee, the Board at its meeting held on April 20, approved, subject to members” approval, re-appointment of Mr.
A retiring Director is eligible for reelection. V he Board met five times during the financial year on April, June 3,July, Octoberand January M K Sharma c Dr. T he Board places on record immense contributions made by Mr. The Audit, Risk and Compliance Committee periodically reviews the functioning of this mechanism.
Premji, Chairman Bangalore, June 17, Foreign Exchange Earnings and Outgoings During the year, your company has earned foreign exchange of Rs. Your Company is also building solutions around next generation robotics, drones and autonomous vehicles which combined with the computer vision and cognitive capabilities can address various market needs across industry verticals.
Directors Report of Wipro Ltd.
The particulars of contracts or arrangements with related parties referred to in section wipri and applicable rules of the Companies Act, in Form AOC-2 is provided as Annexure I at page no. Risk Management Given the diversified scale of og, your Company has put in place an Enterprise Risk Management ERM framework and adopted an enterprise risk management policy based on globally recognized standards. These trends on newer business models, emerging technologies and sourcing patterns provide Wipro with significant growth opportunities.
The product is released under 2011-122 Apache Public License v2. Subsequent to this approval, the record date to determine the eligible shareholders who are entitled to receive the Bonus Shares fixed as June 16, Your Company has filed for patents across technology areas in the last financial year.
Wipro Balance Sheets, Financial Statements – The Economic Times
Committees of the Board The Company”s Board has the following committees: Your Company has a policy and framework for employees to report sexual harassment cases at workplace and the process ensures complete anonymity and confidentiality of information. Worldwide IT Services spending is expected to grow 4.
Also, the Company extinguished 34,37,50, equity shares consequent to buyback in December Your Companys governance practices are described separately in page 57 of this Annual Report. This divestment will help us focus on accelerating investments in the digital space. The outcome of the Board evaluation for financial year 18 was discussed by the Board Governance, Nomination and Compensation Committee and the Board at their meeting held in April The objective of the ERM framework is to enable and support achievement of business objectives through risk-intelligent assessment while also placing significant focus on constantly identifying and mitigating risks within the business.
Your Company is working with various open innovation intermediaries to tap into expert networks across the world to complement our specialists on niche projects to solve complex customer problems involving Artificial Intelligence, Next Gen Architecture, Cognitive Systems etc. 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.
Your Company is one of the leading providers of IT Services globally. Group The names of the Promoters and entities comprising “group” and their shareholding as defined under the Competition Act for the purposes of Section 3 1 e i of SEBI Substantial Acquisition of Shares and Takeover Regulations, include the following: Your Company is also working on industrial and enterprise wearable solutions which help improve work force productivity and safety requirements.
Your Company has a robust and effective framework for monitoring compliances with applicable laws.
William Arthur Owens was re-appointed as Independent Director for a second term with effect from August 1,to July 31, Share Capital During the yearthe Company allotted 16,70, equity shares of Rs.
On a consolidated basis, our sales declined to Rs.
With a view to strengthen the Corporate Governance framework, the Ministry of Corporate Afairs has incorporated certain provisions in the Companies Bill Your Company shete on opportunities where it can further develop its domain expertise, specific skill sets and its Global Delivery Model to maximize service and product enhancements and higher shwet.
The Board evaluation was conducted through questionnaire having qualitative parameters and feedback based on ratings. Audit, Risk and Compliance Committee 2. Pursuant to the approval of the Sneet of Directors on 22011-12 19,your Company paid an interim dividend of Rs.
For example, Wipro Sight solution uses advanced computer vision based algorithms to analyze customer behavior in stores for delivering enhanced in-store retail experience. Financial Performance Key aspects of consolidated financial performance for Wipro and its group companies and standalone financial results for Wipro Limited for the financial year are tabulated below: Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.
It is expected that inthere will be increased use of Cloud and Mobile Computing. P he 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. Accordingly, necessary resolutions are being placed for approval of the members at the 70th Annual General Meeting of the Company.
Bzlance markets your Company serves are undergoing rapid changes due to the pace of developments in technology, innovation in business models and changes in the sourcing strategies of clients.
In the Consolidated Accounts, these are considered as hedges of net investment in non-integral foreign operations and are recognized directly in shareholders”fund.
Your Company”s research and development expenses for the years ended March 31, and wereRs.
Your companys governance practices are described sheft in page 63 of this annual report. Your Company also uses its acquisition program to increase footprint in certain large customers and pursue select business opportunities. The Guidelines broadly outline conditions for appointment of directors, guiding principles to 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.
Internal Financial Controls and Audit Internal Financial Controls and their Adequacy P he 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.