wipro annual report 2013-14 · 2017. 7. 12. · corporate social responsibility initiatives are...
TRANSCRIPT
-
Wipro Limited 41
Dear Shareholders,On behalf of the Board of Directors, I am happy to present the 68th Report of the Board of Directors of your Company along with the Balance Sheet, Profit and Loss Account and Cash Flow Statement for the year ended March 31st, 2014.Financial PerformanceKey aspects of consolidated financial performance for Wipro and its group companies and standalone financial results for Wipro Limited for the financial year 2013-14 are tabulated below:
(` in Mns) Consolidated Standalone 2013-14 2012-13 2013-14 2012-13Sales and Other Income 453,457 388,705 403,684 345,518Profit before Tax 101,143 78,688 96,082 72,051Provision for tax 21,234 16,865 22,208 15,549Minority interest -438 -322 - -Net profit for the year * 79,471 61,501 73,874 56,502Appropriations Interim Dividend 7,347 4,932 7,404 4,932Proposed Dividend on equity shares 12,248 12,315 12,332 12,315
Corporate tax on distributed dividend 3,353 2,892 3,353 2,892
Transfer to General Reserve 7,387 5,650 7,387 5,650
Balance Retained in Statement of Profit and Loss
146,187 97,051 121,769 78,371
* profit for the standalone results is after considering loss of ` 2,607 million [2013: ̀ (1,107)] relating to changes in fair value of forward contracts designated as hedges of net investment in non-integral foreign operations, translation of foreign currency borrowings and changes in fair value of related cross currency swaps together designated as hedges of net investment in non-integral foreign operations. In the Consolidated Accounts, these are considered as hedges of net investment in non-integral foreign operations and are recognized directly in shareholder’s fund.
Outlook
According to Nasscom Strategic Review 2014, IT- BPM exports are estimated to cross USD 86 billion in FY 2014, growing at 13 per cent. The ability of the industry to suggest solutions
that customers need, in addition to offer what they want has been a crucial factor in the rise. While US continues to be the largest geographic market for India, accounting for 62 percent, the highlight for the year was revival in demand from Europe, which grew at 14 per cent in FY 2014. BFSI continues to be the largest vertical segment accounting 41 per cent of industry exports; however emerging verticals such as Retail, Healthcare and Utilities are estimated to grow faster.
IT Services is expected to grow at 14.3 per cent in FY 2014, ER & D exports are estimated to grow by an estimated 11.1 per cent in FY 2014 driven by domain – specific solutions focusing on convergence customization, efficiencies and localization.
BPM services growth could be at 11.9 per cent in FY 2014 boosted by demand from selected customers reverting to Outsourcing Business Process, especially from the BFSI, Automotive and Retail sectors. Software Products growth of 9.5 per cent due to increased demand for vertical- specific and SMAC- based solutions. With the advent of Cloud, the next big opportunity in India’s 47 million SMBs – who are able to rapidly bridging the technology adoption gap as they seek to accelerate growth, and increase competitiveness.
Merger
Pursuant to Sections 391 to 394 of the Companies Act, 1956, and approval by the Honorable High Court of Karnataka of the Scheme of Arrangement, Wipro Energy IT Services India Pvt Limited and Wipro Technology Services Limited, the two subsidiary companies merged with Wipro Limited and the merger is effective on April 9, 2014 with effect from Appointed date of April 1, 2013.
Subsidiary Companies
The Ministry of Corporate Affairs, Government of India, has granted a general exemption under section 212(8) of the Companies Act, 1956 from the requirement to attach detailed financial statements of each subsidiary. In compliance with the exemption granted, we have presented in pages 180 to 181summary financial information for each subsidiary.
The detailed financial statements and audit reports of each of the subsidiaries are available for inspection at the registered office of the Company during office hours between 11 am to 1 pm and upon written request from a shareholder, your Company will arrange to send the financial statements of subsidiary companies to the said shareholder.
DIRECTORS’REPORT
-
42 Annual Report 2013-14
Consolidated Results
Our Sales for the current year grew by 17 % to ̀ 453,457 million and our Profit for the year was ` 79,471 million, recording an increase of 29 % over the previous year.
Dividend
Your Directors recommend a final Dividend of 250% (` 5/- per equity share of face value ` 2/- each) to be appropriated from the profits of the year 2013-14, subject to the approval of the shareholders at the ensuing Annual General Meeting. The Dividend will be paid in compliance with applicable regulations.
During the year 2013-14, unclaimed dividend pertaining to interim dividend of 2006-07 of ` 63,83,635/- was transferred to the Investor Education and Protection Fund, as required under the Investor Education and Protection Fund (Awareness and Protection of Investor) Rules, 2001.
Interim Dividend
Pursuant to the approval of Board of Directors on January 17, 2014, your Company had distributed an interim dividend of ` 3/- per share, of face value of ` 2/- each, to shareholders, who were on the Register of Members of the Company as at closing hours of January 23, 2014, being the record date fixed by the Board of Directors for this purpose.
Investments in direct subsidiaries
During the year under review, your Company had invested an aggregate of USD 114 Mn as equity in its direct subsidiaries. Apart from this, your Company had funded its subsidiaries, from time to time, as per the fund requirements, through loans, guarantees and other means.
Research and Development
Requirement under Rule 2 of Companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 regarding Technical Absorption and Research and Development in Form B is given in Page 43 of the Annual Report, to the extent applicable.
Corporate Governance & Corporate Social Responsibility
Your Company believes that Corporate Governance is the basis of stakeholder satisfaction. Your Company’s governance practices are described separately in Pages 54 to 83 of this annual report. Your Company has obtained a certification from V. Sreedharan & Associates, Company Secretaries on compliance with clause 49 of the listing agreement with Indian Stock Exchanges. This certificate is given in Page 83.
With a view to strengthen the Corporate Governance framework, the Ministry of Corporate Affairs, Government of India has incorporated certain provisions in the Companies Act, 2013. The Ministry of Corporate Affairs has also issued National Voluntary Guidelines for the Social, Environmental and Economic Responsibilities of Business 2011 for adoption by companies. The Guidelines broadly outline governance
based on Ethics, Transparency and Accountability, Goods and Services that contribute to sustainability, promote well being of employees, respect the interest of disadvantaged, vulnerable and marginalized groups of stakeholders, promotion of Human Rights, protect and restore environment, supporting inclusive growth and equitable development and provide value to our customers.
Corporate Social Responsibility initiatives are provided in the Business Responsibility Report Pages 84 to 106.
Personnel
The particulars of employees as required by Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employee) Rules, 1975 as amended is reported in Pages 45 to 50 provided as annexure ‘A’ to this report.
Wipro Employee Stock Option Plans (WESOP) / Restricted Stock Unit Plans
Summary information on stock options program of the Company is provided as Annexure B of this report. The information is being provided in compliance with Clause 12 of the Securities and Exchange Board of India (Employee Stock Option Scheme) and (Employee Stock Purchase Scheme) Guidelines, 1999, as amended. No employee was issued Stock Option, during the year equal to or exceeding 1% of the issued capital of the Company at the time of grant.
Foreign Exchange Earnings and Outgoings
During the year, your Company has earned Foreign Exchange of ` 344,688 million and the outgoings in Foreign Exchange were ` 147,897 million, including outgoings on materials imported and dividend.
Conservation of Energy
The Company has taken several steps to conserve energy through its “Sustainability” initiatives as disclosed separately as part of this Annual Report. The information on Conservation of Energy as required under Section 217(1)(e) of the Companies Act, 1956 read with Rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 on Conservation of Energy is not applicable to the business segments which we operate. However, as part of Business Responsibility Report in Pages 84 to 106, we had given details of steps taken in the area of Energy Conservation and other Sustainability Intiatives.
Directors: Appointment / Re-appointment
Details regarding Directors proposed to be appointed at the Annual General Meeting to be held on July 23, 2014, due to changes arising from the implementation of the Companies Act, 2013 are provided in the annexure to the Notice convening the Annual General Meeting.
Group
The names of the Promoters and entities comprising “group” (and their shareholding) as defined under the Competition Act 2002 for the purposes of Section 3(1)(e)(i) of SEBI (Substantial
-
Wipro Limited 43
Acquisition of Shares and Takeover) Regulations, 1997 include the following, in addition to other companies that may be forming part of the “group” :
Sl. Name of the shareholder No. ofShares as on
March 31, 20141 Azim Hasham Premji 93,405,100
2 Yasmeen A. Premji 1,062,666
3 Rishad Azim Premji 686,666
4 Tariq Azim Premji 265,000
5 Napean Trading and Investment Company Pvt. Ltd.
187,666
6 Vidya Investment and Trading Company Pvt. Ltd.
187,666
7 Regal Investments and Trading Company Pvt. Ltd.
187,666
8 Azim Premji Foundation (I) Pvt. Ltd. 10,843,333
9 Mr Azim Hasham Premji Partner Representing Prazim Traders
452,906,791
10 Mr Azim Hasham Premji Partner Representing Zash Traders
451,619,790
11 Mr Azim Hasham Premji Partner Representing Hasham Traders
370,956,000
12 Azim Premji Trust (Held By Trustees of The Trust)
429,714,120
13 Azim Premji Trustee Company Private Limited
NIL
14 Azim Premji Foundation For Development
NIL
15 Azim Premji Foundation NIL
16 Azim Premji Trust Services Private Limited
Nil
17 Azim Premji Safe Deposit Private Limited
Nil
18 Wipro Enterprises Limited (formerly known as Azim Premji Custodial Services Limited)
Nil
Total 1,812,022,464
Management’s Discussion and Analysis ReportThe Management’s Discussion and Analysis on Company’s performance – industry trends and other material changes with respect to the Company and its subsidiaries, wherever applicable, are presented from Pages 24 to 40 of this Annual Report.
Re-appointment of Statutory AuditorThe auditors, M/s. BSR & Co LLP (Regd. No. 101248W) Chartered Accountants, retire at the ensuing Annual General Meeting and have confirmed their eligibility and willingness to accept office, if re-appointed. The proposal for their re-appointment is included in the notice for Annual General Meeting sent herewith.
Cost Audit ReportThe Cost Audit report for the year ended March 31, 2013 was due on September 30, 2013 and was filed by M/s PSV and Associates, the Cost Auditor, on September 30, 2013.
M/s PSV and Associates has been appointed as Cost Auditor for the financial year ended March 31, 2014, for the Cost Audit, if applicable for the year.
Fixed DepositsYour Company has not accepted any fixed deposits. Hence, there is no outstanding amount as on the Balance Sheet date.
Green Initiatives in Corporate GovernanceIn line with the changes in law permitting companies to send electronic copies of Annual Report, notices, quarterly results, intimation about dividend etc., to the e-mail IDs of shareholders, we have arranged to send the soft copies of these documents to the e-mail IDs of shareholders available with us or our depositories. In case any of the shareholder would like to receive physical copies of these documents, the same shall be forwarded on written request to the Registrars M/s. Karvy Computer Share Private Limited.
Directors’ Responsibility StatementOn behalf of the Directors, we confirm that as required under Section 217 (2AA) of the Companies Act, 1956.
a) In the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures are made from the same;
b) We have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profits of the Company for the period;
c) We have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and
d) We have prepared the annual accounts on a going concern basis.
Acknowledgements and Appreciation
Your Directors take this opportunity to thank the customers, shareholders, suppliers, bankers, business partners/associates, financial institutions and Central and State Governments for their consistent support and encouragement to the Company. I am sure you will join our Directors in conveying our sincere appreciation to all employees of the Company and its subsidiaries and Associates for their hard work and commitment. Their dedication and competence has ensured that the Company continues to be a significant and leading player in the IT services industry.
For and on behalf of the Board of Directors
Azim H. PremjiBangalore, June 25, 2014 Chairman
-
44 Annual Report 2013-14
Form BWipro’s R&D Activities: 2013–14Wipro’s R&D continues to focus on incubating and strengthening our portfolio of IT services across multiple new and emerging technology areas. This is driven with an agenda through its focus on investing in developing solutions and services around defined Advanced Technology Themes (Next Gen Devices and Solutions, Next Gen Infrastructure, Intelligence Augmentation, Immersive Experience, Smart Systems & M2M (Machine to Machine) and Ubiquitous Enterprise). These solutions are taken to customers through a co-innovation model. Your Company also continues its efforts in building out portfolio in Cloud, Mobility Technology and Software Engineering Tools and Methodologies space.Next Generation Devices and SolutionsNext Gen Devices team is working on wearable, intelligent, connected devices with backend cloud, Analytics to enable mobile Health, remote Worker safety, Security. Some of the solutions that have been pioneered by the group are detailed below:Assure healthYour Company started delivering maternity monitoring services for hospitals and physicians in India. The service offers end users ability to monitor fetal heart rate, maternal heart rate, uterine activity and maternal movement at the convenience of their homes with advanced wireless cardiotocography solutions. Your Company has invested in creating IP assets and integrated them to deliver the near real time diagnostic data to physicians on their Mobile phones/ tablets which they can view and provide consultation based on diagnostic data.Mother and Infant Care Application:The Mother Infant Care System is an ICT intervention designed to provide effective tools for registering, scheduling, tracking and ensuring care is given by medical personnel to the expectant mother and Child. This tablet based application also ensures that the medical personnel in the field are able to administer the care regime in an effective manner. The Medical Personnel responsible for meeting NRHM goals of MMR and IMR are provided ICT based interventions for viewing MIS information and also for receiving alerts on certain events pertaining to mother and infants.As part of an extensive Pilot project in Rural Karnataka, a pilot of the maternal care solutions including the Mother Infant Care System and Fetal Monitoring solution was conducted during the period January – March 2014. About 50 expectant mothers were registered and their ANC’s (Ante Natal Care ) recorded using the tablet based application. Also about 50 pregnant women in the last trimester of pregnancy were subjected to tests using the fetal monitoring solution.Next Generation InfrastructureYour Company built IP assets to gain intelligence out of the machine logs for infrastructure and security management. Using advanced big data analytics your Company helped banks, telecom clients to better secure their network infrastructure and monitor them in near real time providing high levels of security for the clients. Under this theme, we are experimenting with many new technologies that are being developed to manage and deliver value from enterprise infrastructure using agile, adaptable and secure practices and processes.Intelligence AugmentationYour Company has developed solutions using semantic technologies, machine learning, pattern recognition and advance to provide solutions that add valuable context and intelligence to enterprises in almost real time. For e.g., your
Company used social media analytics IP and expertise to deliver weekly customer feedback on consumer products for a leading multinational gaming company. Social media feeds were analyzed using advanced machine learning algorithms and text analytics to help their product development teams on areas to improve the product. Your Company has got a pilot project from an insurance leader in India to help them increase the retention rate for insurance renewal for their clients using social media IP asset developed by your Company.Immersive Experience technologiesThis theme has a focus in creating rich user experiences that fundamentally changes how people communicate, collaborate, transact and socialize utilizing new technologies to deliver intuitive, natural and interactive business processes. A number of solutions and services have been developed that integrate the best of interaction technologies. These immersive technologies are used to showcase solutions in our state of the art Technovation Center established precisely to enable customers to appreciate the power and reach of such technologies.Smart Systems and Machine to Machine (M2M) technologiesYour Company delivered Connected Service Transformation [CST] by, enabling the client machines in field to capture and communicate vital data pertaining to health, usage, performance and security. Wipro continued to build advanced analytical models on preventive maintenance, wear and tear prediction, warranty fraud detection, dealer performance and spare part inventory management.Next Gen Ubiquitous Enterprise (NGUE) technologiesYour Company has invested in building a Framework which would enable contextual and personalized information and services delivery to all the stakeholders of an Enterprise. NGUE provides umbrella of services which include, omnichannel access, gamified applications, smart assistance to address demand of ‘Extended’, ‘Experiential’, ‘Agile’ and ‘Always On’ Enterprise. NGUE brings in the intersection of technologies like Big-Data, Analytics, NoSQL, Semantics, Sensor integration, Immersive user experience to deliver smartness to existing enterprise applications.Innovating for and with our customersYour Company has set up a state of the art technology innovation and demonstration center – the Technovation Center - in Bangalore which was visited by more than 400 customers during the last year. Through the Technovation center, the CTO Office incubated a new service offering to deliver future of business innovations to customers in an agile fail-fast succeed-early model. The key elements required for innovation the lab infrastructure, technology accelerators, multidisciplinary teams have been brought together at the Technovation Center to offer the service. The innovations showcased here have established our thought leadership and has achieved uniformly high ratings for the innovation showcase.IP and PatentsIn FY 2013-14, your Company has significantly improved and strengthened our IP portfolio. Your Company has applied for 118 new patents. These applications cover invention disclosures in various exciting and emerging technology and domain areas such as data management, image and pattern recognition and analytics, computing techniques , methods and algorithms in various domains such as Telecom, IT Infra Management, Consumer Electronics, Energy Management, Automobile-IT, among others. In Financial Year 2013-14, your Company has been granted 10 new patents against our existing patent applications.
-
Wipro Limited 45
Ann
exur
e A
Part
icul
ars
of E
mpl
oyee
s fo
rmin
g pa
rt o
f the
Dire
ctor
s’ Re
port
for t
he y
ear e
nded
Mar
ch 3
1, 2
014
- Inf
orm
atio
n pu
rsua
nt to
Sec
tion
217(
2A)(b
)(ii)
of th
e Co
mpa
nies
Ac
t, 19
56 a
nd th
e Co
mpa
nies
(Par
ticul
ars
of E
mpl
oyee
s) R
ules
,197
5.
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
1A
bhiji
t Bha
duri
1-O
ct-0
9 1
4,86
3,82
5 LL
.B, M
BA53
29M
icro
soft
Cor
pCh
ief L
earn
ing
Offi
cer &
Hea
d - C
HRD
2Ac
huth
an N
air
29-A
pr-9
1 1
1,78
6,18
9 BE
, PG
DBM
4826
Hin
dust
an P
etro
leum
Sr.V
ice
Pres
iden
t & B
U H
ead
--G
loba
l M
anag
ed S
ervi
ces,
GIS
3A
lexi
s Sa
mue
l15
-Apr
-98
9,9
90,7
21
BE, A
MP
( HBS
)46
24Ev
erea
dy
ind
ust
ries
(
Uni
on C
arbi
de)
Chie
f Ris
k O
ffice
r and
Hea
d-Bu
sine
ss
Proc
ess
Exce
llenc
e4
Alo
k Ba
nsal
7-N
ov-1
2 6
,439
,516
M
BA
4317
TCS
Gen
eral
Man
ager
5A
mita
va S
harm
a17
-May
-99
8,4
05,7
35
BE, M
BA46
23Pr
icew
ater
hous
e Co
opVi
ce -
Pres
iden
t6
Ang
an A
run
Guh
a3-
Jan-
94 8
,602
,694
BE
45
22D
ECIB
ELLS
ELE
CTR
ON
IC
Vice
Pre
side
nt7
Ani
l K Ja
in10
-Apr
-89
13,
104,
791
BE,M
BA50
24O
RG S
yste
ms
Sr. V
ice
Pres
iden
t &
Bus
ines
s H
ead-
Glo
bal C
omm
unic
8A
nil R
aiba
gi16
-Oct
-02
7,1
86,6
04
MBA
4422
IBM
Vice
Pre
side
nt a
nd H
ead
- M &
A9
Ank
ush
Kora
tkar
7-N
ov-1
2 6
,071
,232
Bt
ech
4320
Indi
aMar
tCE
S BU
Hea
d - G
MT
& H
LS10
Anu
j Bha
lla15
-May
-96
8,1
67,4
24
BE, M
BA,
4318
Firs
t Em
ploy
men
tVi
ce P
resi
dent
& G
loba
l BU
Hea
d-Pr
odu
ct,S
yste
m I
nte
gra
tion
an
d M
aint
enan
ce S
ervi
ce11
Anu
rag
Seth
3-M
ay-9
0 7
,321
,589
BE
, PG
DBM
Info
rmat
ion
Man
agem
ent
4724
Firs
t Em
ploy
men
tVi
ce P
resi
dent
& S
DH
-AIM
12A
nura
g Sh
rivas
tava
15-J
ul-1
1 6
,239
,645
BE
4523
Re
li
an
ce
Com
mun
icat
ions
Ltd
Gen
eral
Man
ager
13A
rjun
Ram
araj
u8-
Nov
-94
6,4
86,7
91
BE41
19Fi
rst E
mpl
oym
ent
Vice
- Pr
esid
ent
14A
run
Kris
hnam
urth
i23
-Aug
-99
6,0
40,0
83
MC
A
Co
mp
ute
r Sc
ienc
e
4421
Patn
i Com
pute
rsVi
ce -
Pres
iden
t - -
Util
ities
- - U
tiliti
es
15A
shok
Trip
athy
17-M
ay-9
3 8
,122
,213
BE
, MBA
4521
BHEL
Vice
-Pre
side
nt &
Fun
ctio
nal
Hea
d ,-G
loba
l Str
ateg
ic H
iring
16A
tul K
apoo
r29
-May
-06
6,2
23,3
34
BE ,
MTe
ch, P
GD
BM46
23BS
NL
G
ener
al M
anag
er -
In
form
atio
n Sy
stem
s17
Ayas
kant
Sar
angi
3-D
ec-1
2 1
0,57
3,04
2 PG
DBM
4016
GE
VICE
PRE
SID
ENT
18A
zim
H P
rem
ji17
-Aug
-66
102
,431
,219
G
ener
al E
ngin
eeri
ng,
Stan
ford
.68
47Fi
rst E
mpl
oym
ent
Chai
rman
- W
ipro
Ltd
19Bh
anum
urth
y B
M3-
Sep-
92 2
0,31
2,71
6 Bt
ech,
PG
DM
5027
CMC
Lim
ited
Chie
f Exe
cutiv
e- B
usin
ess A
pplic
atio
n Se
rvic
es20
Bipl
ab A
dhya
4-O
ct-1
0 8
,123
,021
B.
Tech
(Hon
s), P
GD
M
4319
Gen
pact
Vice
Pre
side
nt21
Day
apat
ra N
evat
ia15
-Feb
-93
8,5
88,5
03
BTec
h,M
Tech
4521
Firs
t Em
ploy
men
tVi
ce P
resi
dent
and
Glo
bal D
eliv
ery
Hea
d -E
NU
22D
eepa
k Ja
in21
-Mar
-86
14,
892,
950
BE49
27Ra
ba C
onte
l .P.
Ltd
Sr.
Vice
Pre
sid
ent
and
Hea
d f
or
Inte
rnal
Aud
it23
Dev
ende
r Mal
hotr
a23
-Aug
-02
6,9
67,1
41
BE, P
GD
( M
arke
ting
&
Fina
nce)
4219
GE-
Indi
a Bu
sine
ss C
entr
eVi
ce P
resi
den
t an
d C
hief
Qua
lity
Offi
cer
-
46 Annual Report 2013-14
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
24D
inak
ar K
ini
2-A
pr-1
2 6
,287
,152
PG
DIE
5227
Ora
cle
Fina
ncia
l Ser
vice
s So
ftw
are
Ltd
Gen
eral
Man
ager
25D
ipak
Kum
ar B
ohra
14-J
un-0
2 8
,881
,629
B
Com
, HSC
, CA
, ICW
AI
4117
Adity
a Bi
rla G
roup
V
ice
Pres
iden
t &
Glo
bal
Hea
d -
Co
ntro
llers
hip
26D
r. Sr
iniv
asa
Ragh
ava
Vegi
26-J
ul-0
2 6
,045
,923
BT
ech,
MTe
ch, P
hD50
26Sy
stec
h So
lutio
ns In
Vice
Pre
side
nt27
Dr.A
nura
g Sr
ivas
tava
15-D
ec-0
0 1
4,97
8,54
0 BT
ech,
MTe
ch,P
HD
4722
Eviz
eon-
Apa
r Inf
otec
hCh
ief T
echn
olog
y O
ffice
r28
Gau
rav
Chad
ha15
-May
-96
8,1
36,2
37
BE, P
G D
iplo
ma
4018
Firs
t Em
ploy
men
tVi
ce P
resi
dent
& B
usin
ess H
ead
- Tot
al
Out
sour
cing
29G
aura
v D
hall
8-Au
g-11
6,2
01,1
95
BE, G
LP-IN
SEA
D42
21N
ess T
echn
olog
ies
Gen
eral
Man
ager
30G
opal
an N
aras
imha
n2-
Apr
-12
6,1
05,8
36
PGD
BM50
27O
racl
e Fi
nanc
ial S
ervi
ces
Soft
Gen
eral
Man
ager
31G
uha
Patr
a P
S4-
Jun-
88 1
0,10
1,69
6 BE
4826
Firs
t Em
ploy
men
tSe
nio
r V
ice
Pres
iden
t &
Hea
d -
Co
rpor
ate
Affa
irs32
Gur
uraj
L5-
Sep-
94 6
,489
,086
BS
C, M
SC47
23BA
e H
AL
P LT
D
Vice
Pre
side
nt33
Har
i Kis
han
Burle
15-M
ar-9
4 6
,735
,331
BT
ech,
MTe
ch42
20Fi
rst e
mpl
oym
ent
Vic
e
Pre
sid
en
t,
En
terp
rise
A
rchi
tect
ure,
BA
S34
Har
i Men
on27
-Jun
-94
8,3
06,0
90
MCA
, B.S
c44
20SO
NAT
AV
ice
Pres
iden
t &
Glo
bal
hea
d-
Indu
stria
l Man
ufac
turin
g Ve
rtic
al35
Har
ipra
sad
Heg
de1-
Jan-
05 9
,736
,039
B
.Sc
, B
Tec
h,
PG
D
iplo
ma
5230
Sa
tya
m
Co
mp
ute
r Se
rvic
es L
imite
dSe
nior
Vic
e Pr
esid
ent-
Ope
ratio
ns
36H
arsh
Bha
tia7-
Nov
-02
10,
495,
898
SSC,
B.S
c48
26D
aksh
Vice
Pre
side
nt -
Ope
ratio
ns37
Hos
heda
r Con
trac
tor
12-A
ug-0
2 1
0,77
2,42
5 B
Com
.53
29KL
M/N
W A
irlin
esVi
ce P
resi
dent
- O
pera
tions
38In
derp
reet
Saw
hney
28-O
ct-1
1 1
9,09
1,93
3 B.
A.(H
ons)
, LL.
B, L
L.M
4922
The
Chug
h Fi
rmSe
nio
r Vi
ce P
resi
den
t &
Gen
eral
Co
unse
l39
Jatin
Pra
vinc
hand
ra D
alal
1-Ju
l-02
12,
889,
833
BE, P
GD
BA, C
A, C
MA
(U
K)39
15G
E In
dia
Chie
f Fin
anci
al O
ffice
r-IT
Bus
ines
s
40Ja
yakr
ishn
an S
12-J
an-9
8 9
,334
,175
B
Tech
(C
om
pu
ter
Engi
neer
ing)
4422
Tata
Con
sulta
ncy S
ervi
ces
Vice
Pre
side
nt &
Glo
bal H
ead
- BC3
41Ja
yant
Jam
botk
ar21
-Jan
-09
7,0
17,4
43
BE, M
BA58
17Ci
tiban
k
G
ener
al M
anag
er42
Jaya
nta
Dey
13-O
ct-8
8 7
,258
,828
BE
(Hon
s), M
BA48
25Fi
rst E
mpl
oym
ent
Vice
Pre
side
nt43
Jyot
irmay
Dat
ta4-
Aug-
95 6
,857
,595
M
Sc (A
PPLG
EO)
4918
Fujit
su IC
IMVi
ce P
resi
dent
-Med
ical
Dev
ices
&
Serv
ices
44Ka
mal
Sha
rad
Shah
23-A
pr-1
2 8
,267
,661
M
BA,
3914
Thom
son
Reut
ers
Gen
eral
Man
ager
45Ke
sava
Moo
rthy
G25
-Oct
-99
7,4
35,6
29
BE51
25EA
GLE
STA
R IN
TL U
KVi
ce P
resi
dent
46Ke
yur M
ania
r12
-Mar
-07
11,
287,
337
BE, M
BA44
20Ca
pita
l One
Fin
anci
alVi
ce P
resi
dent
47Ki
ran
K D
esai
21-S
ep-9
8 7
,682
,808
BE
, PG
Dip
lom
a49
27U
nico
rp In
dust
ries
Vice
Pre
side
ntá &
BU
Hea
d --M
anag
ed
Serv
ices
, Ind
ia &
ME,
GIS
48Kr
ishn
akum
ar N
5-Se
p-94
7,7
64,5
47
B.Sc
, MSc
(Co
mpu
ter
Scie
nce)
4622
DRD
OVi
ce P
resi
dent
-SO
A &
Web
Ser
vice
s
49Ku
mud
ha S
ridha
ran
31-M
ay-9
5 8
,097
,337
BE
5027
ITI L
td.
Vice
- Pr
esid
ent-T
estin
g Se
rvic
es50
Kurie
n T
K 11
-Feb
-00
65,
731,
368
B Co
m, C
A55
31W
ipro
GE
CEO
and
Exe
cutiv
e D
irect
or
-
Wipro Limited 47
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
51M
anoj
K Ja
isw
al8-
Jun-
98 8
,591
,952
B.
Com
, ACA
3919
Pric
e W
ater
hous
eVi
ce P
resi
dent
52M
ohan
R2-
Apr
-94
6,0
55,5
88
BE, M
BA46
23O
RG S
yste
ms
G
ener
al M
anag
er &
Bus
ines
s H
ead
- En
terp
rise
-App
licat
ion
Serv
ices
, In
dia
& M
iddl
e Ea
st53
Moh
d Eh
tesh
amul
Haq
ue4-
Oct
-10
6,0
01,6
96
BE (E
lect
rical
), M
BA42
18G
enpa
ctVi
ce P
resi
dent
54N
anda
Kis
hore
N1-
Aug-
94 6
,341
,174
BE
, PG
DS
4220
HYP
ERM
EDIA
INFO
SYS
T
Vice
Pre
side
nt55
Nar
ayan
P S
12-J
un-9
5 6
,722
,711
BE
, MBA
4922
Asi
an P
aint
s (I)
Pvt
Ltd
Vice
Pre
side
nt56
Nee
raj K
umar
14-J
un-0
7 6
,108
,542
BA
, PG
DM
4623
Relia
nce
Reta
il
Gen
eral
Man
ager
-Hum
an R
esou
rces
57N
ithya
Ram
kum
ar4-
Jul-9
1 6
,810
,455
Bt
ech
4322
Firs
t em
ploy
men
tVi
ce P
resi
den
t-Pr
oce
ss P
latf
orm
G
roup
58P
Srin
ivas
a Ra
o2-
May
-94
7,3
48,0
78
BE, M
tech
, PG
SM45
22TI
SCO
Vice
Pre
side
nt-B
TS(E
S) û
BIIM
-R&
U
Prac
tice
59Pa
dman
abha
n A
13-N
ov-9
7 8
,435
,071
LL
.B51
32Re
lianc
e In
dust
ries
Dy.
Ge
ne
ral
Co
un
sel
& H
ead
o
f C
om
plia
nce
,-D
R &
Ou
tbo
un
d Co
ntra
cts
60Pa
ndur
ang
Des
ai12
-Jul
-89
7,3
73,6
64
AM
IE,L
EE (
Tel
eco
m
Engg
)50
27U
ptro
n In
dia
Ltd
Busi
ness
Hea
d-M
edia
and
Tel
ecom
, In
dia
and
Mid
dle-
East
Reg
ion
61Pr
asad
V B
hatt
2-M
ar-8
9 8
,854
,903
BE
, M.T
ech
(Ele
ctric
al)
4925
ORG
Sys
tem
s Vi
ce -
Pres
iden
t-PE
S62
Pras
anna
Gam
ma
Kali
2-D
ec-9
9 1
7,16
3,96
5 BT
ech,
PG
D54
31M
icro
land
ltd
Ch
ief
Exec
uti
ve-
Infr
astr
uct
ure
Se
rvic
es &
Pro
duct
Eng
inee
ring
Ser
63Pr
asha
nt K
ulka
rni
4-Au
g-05
7,7
16,0
38
BE48
2424
x 7
Cus
tom
erVi
ce P
resi
dent
64Pr
atik
Kum
ar4-
Nov
-91
26,
520,
337
B.A
(H
on
s.),
PG
DM
, XL
RI48
26TV
S El
ectr
onic
s Li
mite
dEx
ecut
ive
Vice
Pre
side
nt -
Hum
an
Reso
urce
s65
Pune
et C
hand
ra1-
Sep-
00 1
2,07
4,08
6 BA
(H
ons)
Eco
nom
ics,
ACA
5230
CYG
NET
SYS
TEM
SVi
ce P
resi
dent
66Ra
ghun
anda
n C
B13
-Nov
-86
6,2
84,7
57
PG D
iplo
ma
(Mat
eria
l M
anag
emen
t)54
27M
ac M
illan
Indi
a Li
mite
dVi
ce P
resi
dent
67Ra
ja U
kil
15-J
ul-0
2 7
,973
,394
BE
4518
Pric
ewat
erho
use
Coop
Chie
f Inf
orm
atio
n O
ffice
r68
Raja
n Ko
hli
15-M
ay-9
5 1
4,16
6,67
0 B
E (E
& C
), P
GD
M
(Mar
ketin
g &
Fin
ance
)42
19Fi
rst E
mpl
oym
ent
Sen
ior
Vic
e Pr
esid
ent
& H
ead
-Ban
king
& F
inan
cial
69Ra
jat M
athu
r15
-Nov
-85
16,
355,
429
BE,M
BA53
27H
oriz
on M
ktg
& S
erv
Chie
f Sa
les
and
Ope
ratio
ns O
ffice
r-G
row
th M
arke
ts70
Raje
ev M
endi
ratt
a23
-Aug
-02
9,4
82,4
57
BTec
h 40
19G
E In
dia
VP &
Hea
d-W
ork
Forc
e Pl
anni
ng &
D
evel
opm
ent
71Ra
jesh
Ram
Mis
hra
6-M
ay-8
8 6
,940
,601
BT
ech,
Mte
ch, M
BA51
28In
tern
atio
nal S
w In
dVi
ce -
Pres
iden
t-PE
S72
Rajiv
H K
22-J
ul-9
6 7
,574
,070
BE
4622
PSI D
ATA
SYS
TEM
SV
ice
Pres
iden
t-D
eliv
ery
Hea
d,
Insu
ranc
e73
Ram
esh
Nag
araj
an25
-Jan
-91
12,
678,
906
ME
4825
Firs
t Em
ploy
men
tSe
nior
Vic
e Pr
esid
ent &
CO
O, G
IS74
Ravi
Tad
epal
li6-
Feb-
13 6
,414
,931
M
tech
4318
VIT
cons
ulta
ncy
PVT
Ltd
Gen
eral
Man
ager
75Ri
shad
Pre
mji
20-J
ul-0
7 1
0,65
5,38
4 B
.A, M
BA37
15 B
AIN
& C
OCh
ief S
trat
egy
Offi
cer -
IT B
usin
ess
76Ro
hit A
dlak
ha30
-May
-95
6,8
73,9
19
BE40
18Fi
rst e
mpl
oym
ent
Vice
Pre
side
nt &
Bus
ines
s H
ead-
GIS
- G
row
th M
arke
ts
-
48 Annual Report 2013-14
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
77Sa
ndee
p Ku
mar
20-F
eb-0
6 8
,233
,183
B
Com
, MBA
50
25H
CL d
euts
che
bank
Vice
Pre
side
nt78
Sang
ita S
ingh
1-Au
g-92
18,
159,
062
BE44
21H
CL L
imite
dCh
ief E
xecu
tive-
Hea
lthca
re a
nd L
ife
Scie
nce
79Sa
njes
h K
Gup
ta4-
Dec
-84
7,6
04,9
81
Dip
lom
a, A
MIE
Ele
c. &
Co
mm
unic
atio
n.50
29Te
levi
sta
Elec
tron
ics
– Co
mpu
ter D
ivis
ion
Vice
- Pr
esid
ent
80Sa
njiv
K R
16-N
ov-8
8 1
7,98
0,23
2 M
MS
5026
Dcm
Dat
a Pr
oduc
tsSe
nior
Vic
e Pr
esid
ent-
Ana
lytic
s an
d In
form
atio
n M
anag
emen
t81
Sant
hosh
G N
air
30-A
pr-9
0 1
1,21
7,36
1 Bt
ech,
PG
DM
48
24Fi
rst e
mpl
oym
ent
Vice
Pre
side
nt &
Glo
bal
Bus
ines
s H
ead
- B
FSI
Ris
k &
Co
mp
lian
ce
Solu
tions
82Sa
tish
Subr
aman
iam
7-Ju
n-12
13,
219,
967
MCA
4623
NTT
Dat
aVi
ce P
resi
dent
83Sa
tishc
hand
ra D
ores
wam
y25
-Jan
-12
14,
920,
308
BE47
24TC
SCh
ief B
usin
ess
Ope
ratio
ns O
ffice
r84
Saty
aki B
aner
jee
3-A
pr-0
3 6
,304
,754
BA
, LL.
B42
20Pr
actic
ing
Law
yer
Dy.
Gen
eral
Cou
nsel
85Sa
urab
h G
ovil
11-M
ay-0
9 1
9,33
1,27
8 B
Sc, P
GD
M-P
M&
IR46
25G
ESe
nio
r V
ice
Pres
iden
t -
Hu
man
Re
sour
ces
86Sh
arad
a N
anda
Kum
ar8-
Nov
-10
7,6
80,1
73
B.Sc
, PG
DCS
M48
26A
mdo
csVi
ce P
resi
dent
87Si
by A
brah
am16
-Feb
-87
9,6
83,5
03
Btec
h, M
Tech
5027
Firs
t Em
ploy
men
tVi
ce P
resi
dent
- Glo
bal T
rans
form
atio
n88
Siva
kum
ar P
eria
sam
y7-
Nov
-11
7,8
13,0
14
BE45
22M
ICRO
SOFT
IND
IAVi
ce P
resi
dent
& C
hief
Pro
cure
men
t O
ffice
r89
Soum
itro
Gho
sh26
-Nov
-88
21,
228,
782
BTec
h,M
BA54
30Bl
ue S
tar L
tdCh
ief E
xecu
tive-
Wip
ro In
fote
ch90
Srin
ivas
Pal
lia1-
Feb-
92 1
9,51
2,97
2 BT
ech,
Mte
ch47
22Fi
rst E
mpl
oym
ent
Chie
f Ex
ecut
ive-
Ret
ail,
Cons
umer
G
oods
, Tra
vel a
nd G
over
nmen
t91
Srin
ivas
Rao
R27
-May
-96
6,7
90,6
87
B.Sc
, MCA
5026
RIYA
M C
OM
PUTE
R SE
RVi
ce P
resi
dent
- B
usin
ess
Plat
form
s G
roup
92Sr
iniv
asan
G21
-Nov
-94
6,5
17,9
92
B Co
m, I
CWA
, ACS
4725
Coat
s Viy
ella
Ltd
Vice
Pre
side
nt93
Srin
ivas
an G
14-A
pr-9
9 6
,271
,288
BE
4423
Indc
hem
Ele
ctro
nics
Vice
Pre
side
nt94
Srin
ivas
an P
V6-
Feb-
97 2
0,42
3,04
7 C
A54
29Su
ndar
am F
aste
ners
Ltd
Seni
or V
ice
Pres
iden
t -
Corp
orat
e Ta
xatio
n95
Sr
ira
m
Ta
njo
re
Vaith
iana
tha
26-M
ay-1
0 1
0,05
9,65
6 P
GD
M
Ge
ne
ral
Man
agem
ent
4423
Bhar
ti A
irtel
Ltd
Vice
Pre
side
nt &
BU
Hea
d - T
elec
om
Net
wor
k Se
rvic
e96
Subh
ash
Khar
e3-
Oct
-90
6,8
91,2
86
BE53
31Te
lco
Vice
Pre
side
nt-H
uman
Res
ourc
es97
Subh
asis
h Bi
swas
2-M
ay-0
6 6
,535
,938
BE
, PG
DM
4520
Mph
asis
BPO
Ser
vice
sH
ead-
Busi
ness
Exc
elle
nce,
WBP
O98
Subr
ahm
anya
m P
8-N
ov-8
3 1
0,98
6,86
4 B.
Sc, M
Sc, M
phil
5329
Firs
t Em
ploy
men
tSe
nior
Vic
e Pr
esid
ent-T
elec
om99
Subr
aman
ian
K19
-Aug
-96
7,8
35,7
03
B.Sc
, ACA
,ICW
A49
24M
AD
RAS
CEM
ENTS
LTD
Vi
ce P
resi
dent
100
Subr
aman
ian
L3-
Aug-
92 6
,617
,540
B.
Sc, M
E46
21Fi
rst E
mpl
oym
ent
Vice
- Pr
esid
ent
101
Suhr
id B
rahm
a23
-Jan
-13
6,5
02,4
91
MBA
4319
AM
S -
Ora
cle
Prac
tice
Le
ader
Vice
Pre
side
nt,
102
Suja
tha
Visw
esw
ara
4-M
ay-9
8 6
,474
,755
BE
, Mte
ch48
21A
LIT
Vi
ce P
resi
dent
103
Suni
ta C
heria
n4-
Nov
-96
6,8
29,2
52
BTec
h, P
GD
BA40
17Fi
rst E
mpl
oym
ent
VICE
PRE
SID
ENT-
Hum
an R
esou
rces
104
Supr
io S
engu
pta
1-Au
g-08
10,
912,
654
BE, P
GD
M
4925
Mic
roso
ft C
orp
Vice
Pre
sid
ent
& G
lob
al D
eliv
ery
Hea
d , G
IS &
ISD
-
Wipro Limited 49
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
105
Sure
sh B
22-M
ay-8
9 8
,741
,559
BE
, ME
5027
AF
Ferg
uson
& C
oV
P -
Ap
pli
cati
on
Su
pp
ort
&
Mai
nten
ance
106
Sure
sh C
Sen
apat
y10
-Apr
-80
31,
309,
160
B Co
m, F
CA57
33Lo
velo
ck &
Lew
isEx
ecut
ive
Dire
ctor
& C
FO10
7Sy
ed M
anso
or A
hmad
9-D
ec-9
1 7
,894
,240
BE
4523
IDM
Vice
Pre
side
nt-E
nerg
y M
anag
emen
t &
Gre
en IT
108
Vaib
hav
S G
omka
le15
-Feb
-99
6,2
89,8
15
BE (M
echa
nica
l), M
BA42
21M
ahin
dra
and
Mah
indr
a Lt
d.,
Gen
eral
Man
ager
109
Vasu
deva
n A
31-M
ar-8
6 1
1,80
9,99
1 BE
, MTe
ch52
28Fi
rst E
mpl
oym
ent
Vice
Pre
side
nt11
0Ve
nkat
Srir
amag
iri21
-Jan
-09
6,8
16,8
08
Btec
h, M
E 43
21P
ola
ris
S
oft
wa
re
Tech
nolo
gy
Gen
eral
Man
ager
111
Vija
y Sh
arm
a26
-Mar
-12
7,6
01,2
66
PGD
M56
32O
racl
e Fi
nanc
ial S
ervi
ces
Soft
war
eVi
ce P
resi
dent
112
Vino
d Ku
mar
T V
13-J
an-8
8 8
,457
,741
B.
Sc, M
.Sc
5328
Ush
a M
icro
proc
esso
rsVi
ce P
resi
dent
& S
DH
- M
fg &
Hi T
ech
113
Vish
was
Dee
p1-
Mar
-92
7,0
34,3
92
BE
(M
ech
an
ica
l),
MTe
ch IN
DM
GT
4522
Firs
t Em
ploy
men
tVi
ce P
resi
dent
-Del
iver
y &
Ope
ratio
ns
Hea
d,Ci
tigro
114
Vish
was
San
turk
ar6-
Nov
-91
8,7
00,9
53
BE (M
echa
nica
l) 51
29U
nica
d Te
chno
logi
esV
ice
Pres
iden
t &
Hea
d -
Tal
ent
Tran
sfor
mat
ion
Part
of th
e yea
r11
5A
mit
Jain
15-J
ul-1
3 4
,254
,355
BE
3512
Texa
s In
stru
men
ts in
dia
pvt l
td
Se
nior
Man
ager
116
Ana
nd S
anka
ran
26-J
un-8
9 1
3,49
4,97
9 BE
4624
Pert
ech
Com
pute
rsSr
. VP
and
BU H
ead,
Wip
ro In
fote
ch
& G
IS11
7A
nura
g M
ehro
tra
2-Ja
n-01
2,3
90,9
93
BE51
27In
form
ix In
tern
atio
nVi
ce P
resi
den
t an
d H
ead
Clie
nt
Rela
tions
hip
Gro
up11
8A
ravi
nd K
ashy
ap1-
Jul-1
3 4
,624
,975
M
BA-IB
4222
HCL
Tech
olog
ies
G
ener
al M
anag
er11
9A
runa
S K
rishn
an26
-Oct
-98
608
,881
BA
, MA
, MBA
-PM
IR44
18U
nite
d Te
levi
sion
G
M -
Corp
orat
e H
RD12
0B.
Kris
hna
Kum
ar23
-May
-06
1,5
63,0
72
BCO
M, A
CA48
24A
BN A
MRO
G
ener
al M
anag
er12
1Ba
lagi
ridha
r M22
-Dec
-82
3,0
36,8
01
BE58
37BE
L
Vi
ce -
Pres
iden
t-W
ivid
us O
pera
tions
122
Bala
jee
S15
-Apr
-13
7,2
17,1
67
BE44
21Te
xas
Inst
rum
ents
Ind
ia
Vice
Pre
side
nt12
3D
urai
vel A
G13
-Nov
-91
1,0
90,3
92
DIP
E C
,M.S
.41
22M
URU
GA
PPA
ELE
C
G
ener
al M
anag
er &
Pra
ctic
e D
eliv
ery
Hea
d - -
BFS
I- - B
FSI,
GIS
124
Dur
ga P
rasa
d Ye
niga
lla4-
May
-92
6,5
45,9
75
BE47
23N
GD
A C
ompu
ters
Vi
ce P
resi
dent
& H
ead
- Bu
sine
ss
Ope
ratio
ns12
5G
eeth
a A
nant
hara
man
17-F
eb-0
6 6
,218
,546
B
Com
, ACA
4724
E Se
rve
Vi
ce P
resi
dent
- O
pera
tions
126
Mah
esh
V7-
Dec
-92
2,2
57,4
65
Btec
h47
26TV
SE
G
ener
al M
anag
er-In
nova
tion
Cent
er12
7M
urug
esan
V19
-Aug
-96
896
,325
IC
WA
4621
M/s
.Ven
kat A
ssoc
iate
G
ener
al M
anag
er-B
usin
ess
Fina
nce
128
Nar
ayan
Man
i20
-Feb
-06
1,7
34,6
35
ECO
, PL
SC44
21Pr
ogeo
n
Gen
eral
Man
ager
- O
ps12
9Pa
piya
Sar
kar
1-N
ov-0
0 2
,020
,624
BA
, MA
4218
IDLX
Tech
nolo
gyG
M O
pera
tions
HRO
130
Pram
od Id
icul
la1-
Dec
-94
4,7
87,0
38
BTe
ch (
Co
mp
ute
r Sc
ienc
e), P
GD
BA45
24TV
S El
ectr
onic
s Li
mite
dVi
ce P
resi
dent
-Str
ateg
y &
M&
A
131
Raje
ndra
Am
beka
r1-
Oct
-13
5,5
65,8
68
B.Co
m P
GD
PM &
IR45
20M
aers
k Li
ne
Vice
Pre
side
nt
-
50 Annual Report 2013-14
SlN
ame
of th
e Em
ploy
ee"D
ate
of J
oini
ng
dd/m
m/y
yyy"
Rem
uner
atio
n(Rs
) Q
ualifi
catio
nAg
eEx
perie
nce
Last
Em
ploy
men
tD
esig
natio
n
132
Ranj
it Kh
ompi
22-J
an-0
7 1
,086
,018
B.
Sc40
18N
IS S
part
a Lt
dA
ssoc
iate
Vic
e Pr
esid
ent
133
Ravi
Kira
n Va
dapa
lly28
-Aug
-06
4,2
57,0
65
B.Co
m, A
CA37
16A
DP
Pvt.
Ltd
Chie
f Ris
k O
ffice
r & O
mbu
dspe
rson
134
Ravi
San
kara
n R
18-M
ar-9
1 2
,296
,023
M
.Sc,
MBA
5025
IND
IAN
MET
ALS
Gen
eral
Man
ager
135
Rich
a Tr
ipat
hi1-
Mar
-01
3,8
92,5
15
MBA
4722
Dus
k Va
lley
Tech
nolo
gyVI
CE P
RESI
DEN
T13
6Sa
ndee
p Bh
atna
gar
25-S
ep-0
6 1
,031
,947
M
Sc.
4825
HCL
Tech
nolo
gies
Vice
Pre
side
nt &
BU
Hea
d - G
MT,
GIS
137
Sanj
eev
Bhat
ia24
-May
-05
9,7
05,3
75
BA
5023
Igat
e G
loba
l Sol
utio
nsVi
ce P
resi
dent
- O
pera
tions
138
Sant
hosh
Ayy
apat
h31
-Mar
-03
1,8
70,6
24
BSC,
MD
4424
NIIT
Gen
eral
Man
ager
139
Sara
da S
riniv
as5-
Dec
-07
2,8
19,7
64
BE, P
GD
M43
20Su
mm
it H
R W
orld
wid
eH
ead
- HRO
140
Satis
h Sr
iniv
asan
8-Au
g-96
4,5
92,5
99
B.Co
m, A
CA41
17Fi
rst E
mpl
oym
ent
VIC
E P
RE
SID
EN
T -
BU
SIN
ES
S FI
NA
NCE
-FP&
A û
FS&
BTS
-FS
141
Soni
ka Iq
bal
21-M
ar-1
2 8
81,7
40
B.Co
m43
24Ae
gis
Lim
ited
G
ener
al M
anag
er14
2Sr
ijit R
ajap
pan
16-A
ug-0
2 5
,317
,169
B
Com
, Dip
lom
a47
24St
ream
Tra
cmai
lVi
ce P
resi
dent
- O
pera
tions
143
Suni
l Thu
mm
a6-
Jul-9
1 2
,677
,292
BE
, Mte
ch45
22Fi
rst e
mpl
oym
ent
Gen
eral
Man
ager
-Mic
roso
ft14
4Su
priti
Bha
ndar
y18
-May
-95
2,2
93,6
62
BBM
, MBA
4019
Firs
t Em
ploy
men
tVi
ce -
Pres
iden
t14
5Ta
pan
D B
hat
2-N
ov-8
9 7
,466
,065
BE
, MBA
4725
Tata
Uni
sys
Ltd
Vice
Pre
side
nt &
Bus
ines
s Hea
d-In
dia
and
Mid
dle
East
146
Vela
yuth
am R
1-M
ay-1
3 6
,867
,650
BS
C, D
iplo
ma
5013
NSN
Seni
or M
anag
er (B
I/IM
)14
7Vi
dya
Shan
kar V
ittal
a28
-Aug
-00
957
,868
BE
4018
L
&
T
Info
rma
tio
n Te
chno
logy
Lim
ited
Gen
eral
Man
ager
- Cl
ient
Sol
utio
ns
148
Vija
yasi
mha
Alil
ugha
tta
28-F
eb-1
4 4
,733
,969
BE
4018
Info
sys
Vice
Pre
side
nt14
9Vi
swan
atha
n Ra
mas
wam
y6-
Feb-
14 9
48,6
25
Mte
ch47
27Vo
dafo
ne In
dia
Ltd
Vice
Pre
side
nt
Not
es:
1.
Rem
uner
atio
n co
mpr
ises
of s
alar
y, c
omm
issi
on, p
erfo
rman
ce b
ased
pay
men
ts, a
llow
ance
, med
ical
, per
quis
ite a
nd c
ompa
ny’s
cont
ribut
ion
to P
F an
d su
per-
annu
atio
n.
2.
Rish
ad P
rem
ji, w
ho is
in th
e em
ploy
men
t of t
he C
ompa
ny, i
s a
rela
tive
of th
e Ch
airm
an a
nd M
anag
ing
Dire
ctor
as
per t
he d
efini
tion
of “r
elat
ive”
und
er th
e Co
mpa
nies
Ac
t, 19
56.
3.
The
natu
re o
f em
ploy
men
t is
cont
ract
ual i
n al
l the
abo
ve c
ases
.
4.
In te
rms
of th
e N
otifi
catio
n da
ted
Mar
ch 3
1, 2
011
date
d by
Min
istr
y of
Cor
pora
te A
ffairs
, em
ploy
ees
post
ed a
nd w
orki
ng in
a c
ount
ry o
utsi
de In
dia,
not
bei
ng D
irect
ors
or th
eir r
elat
ives
hav
e no
t bee
n in
clud
ed in
the
abov
e st
atem
ent.
5.
Non
e of
the
empl
oyee
s ex
cept
the
Chai
rman
hol
ds 2
% o
r mor
e of
the
paid
up
equi
ty s
hare
cap
ital o
f the
Com
pany
-
Wipro Limited 51
Sl.
No.
Des
crip
tion
WES
OP
1999
WES
OP
2000
AD
S 20
00
Stoc
k O
ptio
n Pl
an
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
4
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
5
AD
S Re
stri
cted
St
ock
Uni
t Pl
an 2
004
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
71
Tota
l Num
ber o
f opt
ions
und
er th
e Pl
an
56,0
60,6
06
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
20
04, 2
005,
20
10 a
nd fo
r ad
ditio
nal
num
bers
of
the
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
280,
303,
030
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
20
04, 2
005,
20
10 a
nd fo
r ad
ditio
nal
num
bers
of
the
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
16,8
18,1
82
(repr
esen
ting
16,8
18,1
82
unde
rlyin
g eq
uity
sha
res)
(A
djus
ted
for
the
issu
e of
bo
nus
shar
es
of th
e ye
ar
2004
, 200
5,
2010
and
for
addi
tiona
l nu
mbe
rs o
f th
e st
ock
optio
ns
purs
uant
to
Sche
me
of
Dem
erge
r)
22,4
24,2
42
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
20
04, 2
005,
20
10 a
nd fo
r ad
ditio
nal
num
bers
of
the
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
22,4
24,2
42
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
20
04, 2
005,
20
10 a
nd fo
r ad
ditio
nal
num
bers
of
the
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
22,4
24,2
42 A
DS
repr
esen
ting
22,4
24,2
42
unde
rlyin
g eq
uity
sha
res
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
200
4,
2005
, 201
0 an
d fo
r add
ition
al
num
bers
of t
he
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
18,6
86,8
69
(Adj
uste
d fo
r th
e is
sue
of
bonu
s sh
ares
of
the
year
20
10 a
nd fo
r ad
ditio
nal
num
bers
of t
he
stoc
k op
tions
pu
rsua
nt to
Sc
hem
e of
D
emer
ger)
2O
ptio
ns/R
SUs
gran
ts a
ppro
ved
durin
g th
e ye
ar-
--
-
25,
000
5,00
0
3Pr
icin
g fo
rmul
aFa
ir m
arke
t va
lue
i.e. t
he
mar
ket p
ricea
s de
fined
by
the
Secu
ritie
s an
d Ex
chan
ge
Boar
d of
Indi
a
Fair
mar
ket
valu
e i.e
. the
m
arke
t pric
eas
defin
ed b
y th
e Se
curit
ies
and
Exch
ange
Bo
ard
of In
dia
Exer
cise
pric
e be
ing
not
less
than
90%
of
the
mar
et
paric
e on
the
date
of g
rant
Face
val
ue o
f th
e sh
are
Face
val
ue o
f th
e sh
are
Face
val
ue o
f th
e sh
are
Face
val
ue o
f sh
are
4O
ptio
ns V
este
d du
ring
the
year
--
--
748,
244
243,
367
340,
810
5O
ptio
ns e
xerc
ised
dur
ing
the
year
--
--
2,67
2,28
127
2,49
843
7,76
46
Tota
l num
ber o
f sha
res
aris
ing
as
a re
sult
of e
xerc
ise
of o
ptio
n (a
s of
M
arch
31,
201
4)
--
--
2,67
2,28
127
2,49
843
7,76
4
7O
ptio
ns la
psed
/for
feite
d du
ring
the
year
*-
--
-20
9,48
621
8,54
634
5,55
4
Ann
exur
e B
DIS
CLO
SURE
IN C
OM
PLIA
NCE
WIT
H T
HE
CLAU
SE 1
2 O
F TH
E SE
BI (E
MPL
OYE
E S
TOCK
OPT
ION
SCH
EME)
AN
D (E
MPL
OYE
E ST
OCK
PU
RCH
ASE
SCH
EME)
GU
IDEL
INES
199
9,
AS
AM
END
ED F
OR
THE
YEA
R EN
DED
MA
RCH
31,
201
4
-
52 Annual Report 2013-14
Sl.
No.
Des
crip
tion
WES
OP
1999
WES
OP
2000
AD
S 20
00
Stoc
k O
ptio
n Pl
an
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
4
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
5
AD
S Re
stri
cted
St
ock
Uni
t Pl
an 2
004
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
78
Varia
tion
of te
rms
of o
ptio
ns u
pto
3/31
/201
3-
--
--
--
9M
oney
real
ised
by
exer
cise
of
optio
ns d
urin
g th
e ye
ar (`
)-
--
-5,
344,
562
544,
996
875,
528
10To
tal
num
ber
of
optio
ns
in
forc
e at
th
e en
d of
th
e ye
ar
(gra
nted
, ve
sted
and
unex
erci
sed/
unve
sted
an
d un
exer
cise
d
--
-1,
775,
767
2,21
7,66
72,
245,
960
3,08
1,20
0
11
Empl
oyee
wis
e de
tails
of o
ptio
ns
gran
ted
to :
--
--
--
-
i. Se
nior
Man
agem
ent d
urin
g th
e ye
ar-
--
--
--
ii. S
enio
r M
anag
emen
t ho
ldin
g 5%
or
mor
e of
the
tot
al n
umbe
r of
op
tions
gra
nted
dur
ing
the
year
--
--
--
-
a) S
enio
r Man
agem
ent a
s ab
ove
--
--
--
-b)
Oth
er e
mpl
oyee
(s)
--
--
--
-iii
. Ide
ntiT
ed
empl
oyee
s w
ho
wer
e gr
ante
d op
tion,
dur
ing
any
one
year
, eq
ual
to o
r ex
ceed
ing
1%
of t
he i
ssue
d ca
pita
l (e
xclu
ding
ou
tsta
ndin
g w
arra
nts
and
conv
ersi
ons)
of
the
Com
pany
at
the
time
of g
rant
--
--
--
-
12D
ilute
d Ea
rnin
gs p
er S
hare
pur
suan
t to
is
sue
of
shar
es
on
exer
cise
of
op
tion
calc
ulat
ed in
acc
orda
nce
with
Ac
coun
ting
Stan
dard
(AS)
20
30.0
130
.01
30.0
130
.01
30.0
130
.01
30.0
1
-
Wipro Limited 53
* A
s per
the
Plan
, Opt
ions
/RSU
s lap
se o
nly
on te
rmin
atio
n of
the
Plan
. If a
n O
ptio
n/RS
U, e
xpire
s or b
ecom
es u
nexe
rcis
able
with
out h
avin
g be
en e
xerc
ised
in fu
ll, su
ch
optio
ns s
hall
beco
me
avai
labl
e fo
r fut
ure
gran
t und
er th
e Pl
an.
Sl.
No.
Des
crip
tion
WES
OP
1999
WES
OP
2000
AD
S 20
00
Stoc
k O
ptio
n Pl
an
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
4
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
5
AD
S Re
stri
cted
St
ock
Uni
t Pl
an 2
004
Wip
ro
rest
rict
ed
Stoc
k U
nit
Plan
200
713
Whe
re t
he C
ompa
ny h
as c
alcu
late
d th
e em
ploy
ees
com
pens
atio
n co
st
usin
g th
e in
strin
sic
valu
e of
the
stoc
k op
itons
, th
e di
^ere
nce
betw
een
the
empl
oyee
co
mpe
nsat
ion
cost
so
co
mpu
ted
and
the
empl
oyee
co
mpe
nsat
ion
cost
th
at
shal
l ha
ve
been
reco
gnis
ed if
it h
ad u
sed
the
fair
vaul
e of
the
optio
ns. T
he im
pact
of t
his
di^e
renc
e on
pro
Tts
and
on E
PS o
f the
Co
mpa
ny
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
ates
the
fair
valu
eof
opt
ions
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
ates
the
fair
valu
eof
opt
ions
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
ates
the
fair
valu
eof
opt
ions
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
ates
the
fair
valu
eof
opt
ions
14W
eigh
ted
aver
age
exer
cise
pric
es a
ndw
eigh
ted
aver
age
fair
valu
es
of
optio
ns s
epar
atel
y fo
r opt
ions
who
se
exer
cise
pric
e ei
ther
equ
als o
r exc
eeds
or
is le
ss th
an th
e m
arke
t pric
es o
f the
st
ock
Not
app
licab
le
as th
ere
wer
e no gr
ants
dur
ing
the
year
und
er
this
Plan
Not
app
licab
le
as th
ere
wer
e no gr
ants
dur
ing
the
year
und
er
this
Plan
Not
app
licab
le
as th
ere
wer
e no gr
ants
dur
ing
the
year
und
er
this
Plan
Exer
cise
pric
e`
2/- p
erop
tion.
Fai
rva
lue
` 54
1.20
/- a
son
Mar
ch 3
1,20
14
Exer
cise
pric
e`
2/- p
erop
tion.
Fai
rva
lue
` 54
1.20
/- a
son
Mar
ch 3
1,20
14
Exer
cise
pric
e`
2/- p
erop
tion.
Fai
rva
lue
$ 13
.35/
-as
on
Mar
ch 3
1,20
14
Exer
cise
pric
e`
2/- p
erop
tion.
Fai
rva
lue
` 54
1.20
/- a
son
Mar
ch 3
1,20
1415
A
desc
riptio
n of
m
etho
d an
d si
gnifi
cant
as
sum
ptio
ns u
sed
durn
g th
e ye
ar t
o es
timat
e th
e fa
ir va
lues
of
opt
ions
, in
clud
ing
the
follo
win
g w
eigh
ted
aver
age
info
rmat
ion:
--
--
--
-
(a) r
isk
free
inte
rest
rate
(b) e
xpec
ted
life
(c )
expe
cted
vol
atili
ty(d
) exp
ecte
d di
vide
nds
and
(e) t
he p
rice
fo th
e un
derly
ing
shar
e in
mar
ket a
t the
tim
e of
opt
ion
gran
t
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Not
appl
icab
le a
sth
ere
wer
e no
gran
ts d
urin
gth
e ye
arun
der t
his
Plan
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
atel
sth
e fa
ir va
lue
of o
ptio
ns
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
atel
sth
e fa
ir va
lue
of o
ptio
ns
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
atel
sth
e fa
ir va
lue
of o
ptio
ns
Sinc
e th
ese
optio
ns w
ere
gran
ted
ata
nom
inal
exer
cise
pric
e, in
trin
sic
valu
e on
the
date
of g
rant
appr
oxim
atel
sth
e fa
ir va
lue
of o
ptio
ns
-
54 Annual Report 2013-14
We believe in adopting the well accepted Corporate Governance practices and benchmark the same and strive to improve them continuously. Our guiding principles and practices are summarised in this Corporate Governance Report. These are articulated through the company’s Code of Business Conduct, Corporate Governance Guidelines, Charters of various sub-committees of the Board and Company’s Disclosure Policies. These Policies seek to focus on enhancement of long term shareholder value without compromising on Ethical Standards and Corporate Social Responsibilities. These practices are embeded in our principle of Corporate Governance, which provides for accountability, independence, transperancy and fair disclosure.
The Spirit of Wipro represents the core values of Wipro framed around these Corporate Governance principles and practices. The three values encapsulated in the Spirit of Wipro are:
Intensity to Winl Make customers successful
l Team, innovate and excel
Act with Sensitivityl Respect for the individual
l Thoughtful and responsible
Unyielding Integrityl Delivering on commitments
l Honesty and fairness in action
Corporate Governance philosophy is put into practice at Wipro through the following four layers, namely,
l Governance by Shareholders,
l Gov