If Someone has invested only Rs 10000 in this company he would have Rs 1100 crore today
Wipro is company that made many investor billionaire over time.
Hear are some key facts about the wipro company .
1>The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "Western India Palm Refined Oil Limited", later abbreviated to "Wipro". It was initially set up as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel.
2>In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21.
3>During the 1970s and 1980s, the company shifted its focus to new opportunities in the IT and computing industry.
4>On 7 June 1977, the name of the company changed from Western India Vegetable Products Limited, to Wipro Products Limited.
5>In 1982, the name was changed again, from Wipro Products Limited to Wipro Limited.
Wipro continued to expand in the consumer products domain with the launch of "Ralak" a Tulsi based family soap and "Wipro Jasmine", a toilet soap.
6>In 1980 one share of Wipro was being offered at Rs 100 per share. If any one invested in 10,000 Rs would have got 100 shares. And even more important is if that person holds these shares till now, Then will see what is the net worth of that person present day.
Thats why Albert Einstiene says compounding eithth wonder of world.