Wipro Ltd 6-K, filed Jul 22, 2022

Wipro Ltd (WIT)

6-K 2022-07-22 For: 2022-07-22

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Added on April 08, 2026

About this 6-K

Wipro Ltd filed this 6-K on July 22, 2022.

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Item

99.1		IFRS Press Release

99.2		Presentation referred by the Company at the Press Conference on July 20, 2022

99.3		Form of Advertisement Placed in Indian Newspapers

99.4		Consolidated Interim Financial Statements under IFRS

99.5		Statutorily Audited Consolidated Financial Results filed with stock exchanges in India

99.6		Data sheet containing operating metrics filed with stock exchanges in India


Contact for Investor Relations		Contact for Media & Press
Aparna Iyer	Abhishek Kumar Jain	Purnima Burman
Phone: +91-80-6142 7139	Phone: +91-80-6142 6143	Phone: +91-80-6142 6450
iyer.aparna@wipro.com	abhishekkumar.jain@wipro.com	purnima.burman@wipro.com


	As at March 31, 2022		As at June 30, 2022
					Convenience translation into US dollar in millions Refer footnote in page 1
ASSETS
Goodwill		246,989		296,126		3,747
Intangible assets		43,555		49,199		623
Property, plant and equipment		90,898		91,676		1,160
Right-of-Use assets		18,870		18,789		238
Financial assets
Derivative assets		6		2		^
Investments		19,109		21,336		270
Trade receivables		4,765		4,565		58
Other financial assets		6,084		6,340		80
Investments accounted for using the equity method		774		791		10
Deferred tax assets		2,298		3,848		49
Non-current tax assets		10,256		10,237		130
Other non-current assets		14,826		14,898		189

Total non-current assets		458,430		517,807		6,554

Inventories		1,334		1,678		21
Financial assets
Derivative assets		3,032		3,678		47
Investments		241,655		226,564		2,867
Cash and cash equivalents		103,836		82,828		1,048
Trade receivables		115,219		127,312		1,611
Unbilled receivables		60,809		66,640		843
Other financial assets		42,914		12,969		164
Contract assets		20,647		24,969		316
Current tax assets		2,373		3,734		47
Other current assets		28,933		34,701		439

Total current assets		620,752		585,073		7,403

TOTAL ASSETS		1,079,182		1,102,880		13,957

EQUITY
Share capital		10,964		10,965		139
Share premium		1,566		1,658		21
Retained earnings		551,252		576,094		7,290
Share-based payment reserve		5,258		6,410		81
Special Economic Zone re-investment reserve		47,061		47,992		607
Other components of equity		42,057		43,772		554

Equity attributable to the equity holders of the Company		658,158		686,891		8,692
Non-controlling interests		515		415		5

TOTAL EQUITY		658,673		687,306		8,697

LIABILITIES
Financial liabilities
Loans and borrowings		56,463		58,862		745
Lease liabilities		15,177		15,033		190
Derivative liabilities		48		146		2
Other financial liabilities		2,961		2,504		32
Deferred tax liabilities		12,141		14,062		179
Non-current tax liabilities		17,818		16,237		205
Other non-current liabilities		7,571		8,244		104
Provisions		1		^		^

Total non-current liabilities		112,180		115,088		1,457

Financial liabilities
Loans, borrowings and bank overdrafts		95,233		115,330		1,460
Lease liabilities		9,056		8,652		109
Derivative liabilities		585		5,022		64
Trade payables and accrued expenses		99,034		88,480		1,120
Other financial liabilities		33,110		6,081		77
Contract liabilities		27,915		26,377		334
Current tax liabilities		13,231		21,105		267
Other current liabilities		27,394		26,872		340
Provisions		2,771		2,567		32

Total current liabilities		308,329		300,486		3,803

TOTAL LIABILITIES		420,509		415,574		5,260

TOTAL EQUITY AND LIABILITIES		1,079,182		1,102,880		13,957


	Three months ended June 30,
	2021			2022			2022
							Convenience translation into US dollar in millions Refer footnote in page 1
Revenues		182,524			215,286			2,724
Cost of revenues		(127,567	)		(155,600	)		(1,969	)

Gross profit		54,957			59,686			755
Selling and marketing expenses		(13,017	)		(15,359	)		(194	)
General and administrative expenses		(10,530	)		(13,471	)		(170	)
Foreign exchange gains/(losses), net		1,160			1,034			13
Other operating income		2,150			—			—

Results from operating activities		34,720			31,890			404
Finance expenses		(746	)		(2,045	)		(26	)
Finance and other income		4,619			3,690			47
Share of net profit/ (loss) of associates accounted for using the equity method		7			(15	)		^

Profit before tax		38,600			33,520			425
Income tax expense		(6,225	)		(7,931	)		(100	)

Profit for the period		32,375			25,589			325

Profit attributable to:
Equity holders of the Company		32,321			25,636			326
Non-controlling interests		54			(47	)		(1	)

Profit for the period		32,375			25,589			325

Earnings per equity share:
Attributable to equity holders of the Company
Basic		5.92			4.69			0.06
Diluted		5.90			4.67			0.06
Weighted average number of equity shares used in computing earnings per equity share
Basic		5,462,996,981			5,471,449,783			5,471,449,783
Diluted		5,476,992,662			5,485,057,994			5,485,057,994


Particulars	Three months ended									Year ended
	June 30, 2022			March 31, 2022			June 30, 2021			March 31, 2022
	Audited			Audited			Audited			Audited
Revenue
IT Services
Americas 1		61,702			58,342			49,683			217,874
Americas 2		66,613			63,963			55,105			239,404
Europe		60,276			60,743			54,461			233,443
APMEA		24,257			23,560			21,232			91,103

Total of IT Services		212,848			206,608			180,481			781,824
IT Products		1,946			1,201			1,311			6,173
ISRE		1,526			1,868			1,937			7,295
Reconciling Items		—			(2	)		(45	)		(3	)

Total Revenue		216,320			209,675			183,684			795,289

Other operating income
IT Services		—			7			2,150			2,186

Total Other operating income		—			7			2,150			2,186

Segment Result
IT Services
Americas 1		11,030			11,530			9,379			42,820
Americas 2		12,454			12,150			11,350			47,376
Europe		7,374			9,056			8,325			35,739
APMEA		1,604			1,946			3,066			10,523
Unallocated		(630	)		361			56			434
Other operating income		—			7			2,150			2,186

Total of IT Services		31,832			35,050			34,326			139,078

IT Products		(55	)		(22	)		(53	)		115
ISRE		173			171			475			1,173
Reconciling Items		(60	)		(88	)		(28	)		(80	)

Total Segment result		31,890			35,111			34,720			140,286
Finance expenses		(2,045	)		(1,717	)		(746	)		(5,325	)
Finance and Other Income		3,690			3,946			4,619			16,257
Share of net profit/ (loss) of associates accounted for using the equity method		(15	)		(16	)		7			57

Profit before tax		33,520			37,324			38,600			151,275


Three Months ended June 30, 2022
IT Services Revenue as per IFRS	$	2,735.5
Effect of Foreign currency exchange movement	$	43.9

Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,779.4

Three Months ended June 30, 2022
IT Services Revenue as per IFRS	$	2,735.5
Effect of Foreign currency exchange movement	$	93.7

Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year	$	2,829.3


		By Order of the Board,

		For Wipro Limited

Place: Bengaluru		Rishad A. Premji

Date: July 20, 2022		Chairman


	Notes		As at March 31, 2022		As at June 30, 2022
							Convenience translation into US dollar in millions (unaudited) Refer to Note 2(iii)
ASSETS
Goodwill		6		246,989		296,126		3,747
Intangible assets		6		43,555		49,199		623
Property, plant and equipment		4		90,898		91,676		1,160
Right-of-Use assets		5		18,870		18,789		238
Financial assets
Derivative assets		17		6		2		^
Investments		8		19,109		21,336		270
Trade receivables				4,765		4,565		58
Other financial assets		11		6,084		6,340		80
Investments accounted for using the equity method				774		791		10
Deferred tax assets				2,298		3,848		49
Non-current tax assets				10,256		10,237		130
Other non-current assets		12		14,826		14,898		189

Total non-current assets				458,430		517,807		6,554

Inventories		9		1,334		1,678		21
Financial assets
Derivative assets		17		3,032		3,678		47
Investments		8		241,655		226,564		2,867
Cash and cash equivalents		10		103,836		82,828		1,048
Trade receivables				115,219		127,312		1,611
Unbilled receivables				60,809		66,640		843
Other financial assets		11		42,914		12,969		164
Contract assets				20,647		24,969		316
Current tax assets				2,373		3,734		47
Other current assets		12		28,933		34,701		439

Total current assets				620,752		585,073		7,403

TOTAL ASSETS				1,079,182		1,102,880		13,957

EQUITY
Share capital				10,964		10,965		139
Share premium				1,566		1,658		21
Retained earnings				551,252		576,094		7,290
Share-based payment reserve				5,258		6,410		81
Special Economic Zone re-investment reserve				47,061		47,992		607
Other components of equity				42,057		43,772		554

Equity attributable to the equity holders of the Company				658,158		686,891		8,692
Non-controlling interests				515		415		5

TOTAL EQUITY				658,673		687,306		8,697

LIABILITIES
Financial liabilities
Loans and borrowings		13		56,463		58,862		745
Lease liabilities				15,177		15,033		190
Derivative liabilities		17		48		146		2
Other financial liabilities		14		2,961		2,504		32
Deferred tax liabilities				12,141		14,062		179
Non-current tax liabilities				17,818		16,237		205
Other non-current liabilities		15		7,571		8,244		104
Provisions		16		1		^		^

Total non-current liabilities				112,180		115,088		1,457

Financial liabilities
Loans, borrowings and bank overdrafts		13		95,233		115,330		1,460
Lease liabilities				9,056		8,652		109
Derivative liabilities		17		585		5,022		64
Trade payables and accrued expenses				99,034		88,480		1,120
Other financial liabilities		14		33,110		6,081		77
Contract liabilities				27,915		26,377		334
Current tax liabilities				13,231		21,105		267
Other current liabilities		15		27,394		26,872		340
Provisions		16		2,771		2,567		32

Total current liabilities				308,329		300,486		3,803

TOTAL LIABILITIES				420,509		415,574		5,260

TOTAL EQUITY AND LIABILITIES				1,079,182		1,102,880		13,957


As per our report of even date attached	For and on behalf of the Board of Directors

for Deloitte Haskins & Sells LLP	Rishad A. Premji	Deepak M. Satwalekar	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer and
Firm Registration No: 117366W/W - 100018			Managing Director

Anand Subramanian	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 110815

Bengaluru
July 20, 2022


													Special Economic Zone re-investment reserve		Other components of equity							Equity attributable to the equity holders of the Company		Non-controlling interests			Total equity
Particulars	Number of shares ⁽¹⁾		Share capital, fully paid-up		Share premium		Retained earnings			Share- based payment reserve			Special Economic Zone re-investment reserve		Foreign currency translation reserve ⁽²⁾		Cash flow hedging reserve			Other reserves ⁽²⁾		Equity attributable to the equity holders of the Company		Non-controlling interests			Total equity
As at April 1, 2021		5,479,138,555		10,958		714		466,692			3,071			41,154		22,936		1,730			5,840		553,095		1,498			554,593
Comprehensive income for the period
Profit for the period				—		—		32,321			—			—		—		—			—		32,321		54			32,375
Other comprehensive income				—		—		—			—			—		2,583		(916	)		1,612		3,279		23			3,302

Total comprehensive income for the period				—		—		32,321			—			—		2,583		(916	)		1,612		35,600		77			35,677

Issue of equity shares on exercise of options		101,334		^		26		—			(26	)		—		—		—			—		—		—			—
Issue of shares by controlled trust on exercise of options ⁽¹⁾				—		—		132			(132	)		—		—		—			—		—		—			—
Compensation cost related to employee share-based payment				—		—		1			971			—		—		—			—		972		—			972
Transferred to special economic zone reinvestment reserve				—		—		(1,143	)		—			1,143		—		—			—		—		—			—
Dividend				—		—		—			—			—		—		—			—		—		(442	)		(442	)
Others				—		—		—			—			—		—		—			—		—		(38	)		(38	)

Other transactions for the period		101,334		—		26		(1,010	)		813			1,143		—		—			—		972		(480	)		492

As at June 30, 2021		5,479,239,889		10,958		740		498,003			3,884			42,297		25,519		814			7,452		589,667		1,095			590,762


	Land			Buildings			Plant and equipment *			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	3,815		₹	39,414		₹	110,855		₹	20,692		₹	418		₹	175,194
Additions		—			129			3,420			350			1			3,900
Additions through business combinations		—			—			289			334			2			625
Disposals		—			(181	)		(134	)		(304	)		(47	)		(666	)
Translation adjustment		5			83			689			74			2			853

As at June 30, 2021	₹	3,820		₹	39,445		₹	115,119		₹	21,146		₹	376		₹	179,906
Accumulated depreciation/ impairment:
As at April 1, 2021	₹	—		₹	8,785		₹	85,040		₹	15,089		₹	397		₹	109,311
Depreciation and impairment		—			466			2,969			511			3			3,949
Disposals		—			(181	)		(118	)		(287	)		(47	)		(633	)
Translation adjustment		—			37			502			56			2			597

As at June 30, 2021	₹	—		₹	9,107		₹	88,393		₹	15,369		₹	355		₹	113,224
Capital work-in-progress																₹	20,038

Net carrying value including Capital work-in-progress as at June 30, 2021																₹	86,720

Gross carrying value:
As at April 1, 2021	₹	3,815		₹	39,414		₹	110,855		₹	20,692		₹	418		₹	175,194
Additions		1,031			1,676			19,411			2,384			7			24,509
Additions through business combinations		—			—			370			335			3			708
Disposals		(30	)		(440	)		(7,863	)		(826	)		(115	)		(9,274	)
Translation adjustment		(3	)		36			698			60			4			795

As at March 31, 2022	₹	4,813		₹	40,686		₹	123,471		₹	22,645		₹	317		₹	191,932
Accumulated depreciation/ impairment:
As at April 1, 2021	₹	—		₹	8,785		₹	85,040		₹	15,089		₹	397		₹	109,311
Depreciation and impairment		—			1,536			12,305			2,141			10			15,992
Disposals		—			(346	)		(7,451	)		(725	)		(112	)		(8,634	)
Translation adjustment		—			28			571			52			2			653

As at March 31, 2022	₹	—		₹	10,003		₹	90,465		₹	16,557		₹	297		₹	117,322
Capital work-in-progress																₹	16,288

Net carrying value including Capital work-in-progress as at March 31, 2022																₹	90,898

Gross carrying value:
As at April 1, 2022	₹	4,813		₹	40,686		₹	123,471		₹	22,645		₹	317		₹	191,932
Additions		—			38			3,720			326			1			4,085
Additions through business combinations		—			7			357			6			3			373
Disposals		(3	)		(7	)		(490	)		(8	)		—			(508	)
Translation adjustment		(4	)		(18	)		319			3			—			300

As at June 30, 2022	₹	4,806		₹	40,706		₹	127,377		₹	22,972		₹	321		₹	196,182
Accumulated depreciation/ impairment:
As at April 1, 2022	₹	—		₹	10,003		₹	90,465		₹	16,557		₹	297		₹	117,322
Depreciation and impairment		—			318			3,390			545			2			4,255
Disposals		—			(1	)		(439	)		(7	)		—			(447	)
Translation adjustment		—			3			320			6			—			329

As at June 30, 2022	₹	—		₹	10,323		₹	93,736		₹	17,101		₹	299		₹	121,459
Capital work-in-progress																₹	16,953

Net carrying value including Capital work-in-progress as at June 30, 2022																₹	91,676


	Category of Right-of-Use asset
	Land			Buildings			Plant and equipment *			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	2,082		₹	18,844		₹	3,918		₹	926		₹	25,770
Additions		—			2,063			383			35			2,481
Disposals		—			(828	)		(539	)		(30	)		(1,397	)
Additions through business combinations		—			2,986			—			36			3,022
Translation adjustment		—			220			78			13			311

As at June 30, 2021	₹	2,082		₹	23,285		₹	3,840		₹	980		₹	30,187
Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		7			1,321			248			73			1,649
Disposals		—			(548	)		(189	)		(22	)		(759	)
Translation adjustment		—			92			46			5			143

As at June 30, 2021	₹	62		₹	7,568		₹	2,262		₹	491		₹	10,383

Net carrying value as at June 30, 2021													₹	19,804

Gross carrying value:
As at April 1, 2021	₹	2,082		₹	18,844		₹	3,918		₹	926		₹	25,770
Additions		15			7,517			429			105			8,066
Additions through business combinations		—			2,920			—			36			2,956
Disposals		(819	)		(3,360	)		(1,861	)		(149	)		(6,189	)
Translation adjustment		—			72			25			(14	)		83

As at March 31, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686
Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		24			5,572			849			264			6,709
Disposals		(21	)		(2,667	)		(1,518	)		(121	)		(4,327	)
Translation adjustment		—			68			24			(8	)		84

As at March 31, 2022	₹	58		₹	9,676		₹	1,512		₹	570		₹	11,816

Net carrying value as at March 31, 2022													₹	18,870

Gross carrying value:
As at April 1, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686
Additions		—			1,433			45			72			1,550
Additions through business combinations		—			201			—			—			201
Disposals		—			(919	)		—			(88	)		(1,007	)
Translation adjustment		—			(23	)		—			(14	)		(37	)

As at June 30, 2022	₹	1,278		₹	26,685		₹	2,556		₹	874		₹	31,393
Accumulated depreciation:
As at April 1, 2022	₹	58		₹	9,676		₹	1,512		₹	570		₹	11,816
Depreciation		5			1,386			125			74			1,590
Disposals		—			(739	)		—			(81	)		(820	)
Translation adjustment		—			17			9			(8	)		18

As at June 30, 2022	₹	63		₹	10,340		₹	1,646		₹	555		₹	12,604

Net carrying value as at June 30, 2022													₹	18,789


	For the period ended
	March 31, 2022		June 30, 2022
Balance at the beginning of the period	₹	139,127	₹	246,989
Translation adjustment		5,293		8,025
Acquisition through business combinations* (Refer to Note 7)		102,569		41,112

Balance at the end of the period	₹	246,989	₹	296,126


	Intangible assets
	Customer-related			Marketing-related			Total
Gross carrying value:
As at April 1, 2021	₹	26,326		₹	1,611		₹	27,937
Acquisition through business combinations		24,392			8,083			32,475
Deductions/adjustments		(556	)		(215	)		(771	)
Translation adjustment		620			28			648

As at June 30, 2021	₹	50,782		₹	9,507		₹	60,289
Accumulated amortization/ impairment:
As at April 1, 2021	₹	14,248		₹	604		₹	14,852
Amortization and impairment		2,546			246			2,792
Deductions/Adjustments		(556	)		(215	)		(771	)
Translation adjustment		374			13			387

As at June 30, 2021	₹	16,612		₹	648		₹	17,260

Net carrying value as at June 30, 2021	₹	34,170		₹	8,859		₹	43,029

Gross carrying value:
As at April 1, 2021	₹	26,326		₹	1,611		₹	27,937
Acquisition through business combinations		27,834			9,814			37,648
Deductions/adjustments		(11,984	)		(215	)		(12,199	)
Translation adjustment		1,190			218			1,408

As at March 31, 2022	₹	43,366		₹	11,428		₹	54,794
Accumulated amortization/ impairment:
As at April 1, 2021	₹	14,248		₹	604		₹	14,852
Amortization and impairment		6,872			1,338			8,210
Deductions/adjustments		(11,984	)		(215	)		(12,199	)
Translation adjustment		347			29			376

As at March 31, 2022	₹	9,483		₹	1,756		₹	11,239

Net carrying value as at March 31, 2022	₹	33,883		₹	9,672		₹	43,555

Gross carrying value:
As at April 1, 2022	₹	43,366		₹	11,428		₹	54,794
Acquisition through business combinations (Refer to Note 7)		5,480			482			5,962
Deductions/adjustments ⁽¹⁾		(38	)		—			(38	)
Translation adjustment		1,522			411			1,933

As at June 30, 2022	₹	50,330		₹	12,321		₹	62,651
Accumulated amortization/ impairment:
As at April 1, 2022	₹	9,483		₹	1,756		₹	11,239
Amortization and impairment		1,455			438			1,893
Translation adjustment		266			54			320

As at June 30, 2022	₹	11,204		₹	2,248		₹	13,452

Net carrying value as at As at June 30, 2022	₹	39,126		₹	10,073		₹	49,199


Description	CAS Group			Rizing
Net assets	₹	537		₹	4,354
Fair value of customer-related intangibles		1,617			3,863
Fair value of marketing-related intangibles		—			482
Deferred tax liabilities on intangible assets		—			(1,738	)

Total	₹	2,154		₹	6,961

Goodwill		3,430			37,661

Total purchase price	₹	5,584		₹	44,622

Net Assets include:
Cash and cash equivalents	₹	127		₹	2,109
Fair value of acquired trade receivables included in net assets	₹	451		₹	3,354
Gross contractual amount of acquired trade receivables	₹	452		₹	3,367
Less: Allowance for lifetime expected credit loss		(1	)		(13	)
Transaction costs included in general and administrative expenses	₹	19		₹	99


	As at
	March 31, 2022		June 30, 2022
Non-current
Financial instruments at FVTPL
Equity instruments	₹	1,976	₹	3,224
Fixed maturity plan mutual funds		513		503
Financial instruments at FVTOCI
Equity instruments		14,963		16,567
Financial instruments at amortized cost
Inter corporate and term deposits *		1,657		1,042

	₹	19,109	₹	21,336
Current
Financial instruments at FVTPL
Short-term mutual funds	₹	15,550	₹	18,558
Financial instruments at FVTOCI
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839		195,294
Financial instruments at amortized cost
Inter corporate and term deposits *		21,266		12,712

	₹	241,655	₹	226,564

	₹	260,764	₹	247,900


	As at
	June 30, 2021			June 30, 2022
Cash and cash equivalents	₹	140,617		₹	82,828
Bank overdrafts		(44	)		(2	)

	₹	140,573		₹	82,826


	(in millions)
	As at
	March 31, 2022					June 30, 2022
	Notional		Fair value			Notional		Fair value
Designated derivative instruments
Sell: Forward contracts	USD	1,413	₹	509		USD	1,423	₹	(2,276	)
	€	191	₹	668		€	152	₹	989
	£	173	₹	645		£	150	₹	1,368
	AUD	170	₹	(217	)	AUD	152	₹	372
Range forward option contracts	USD	493	₹	217		USD	609	₹	(419	)
	€	6	₹	8		€	45	₹	38
	£	28	₹	119		£	52	₹	89
	AUD	11	₹	(6	)	AUD	29	₹	40
Interest Rate Swaps	INR	—	₹	—		INR	5,000	₹	(146	)
Non-designated derivative instruments
Sell: Forward contracts *	USD	1,452	₹	536		USD	1,713	₹	(2,239	)
	€	109	₹	1		€	178	₹	254
	£	91	₹	81		£	145	₹	321
	AUD	47	₹	(122	)	AUD	47	₹	79
	SGD	4	₹	(1	)	SGD	9	₹	2
	ZAR	8	₹	^		ZAR	—	₹	—
	CAD	47	₹	(25	)	CAD	77	₹	37
	SAR	33	₹	(1	)	SAR	85	₹	(2	)
	PLN	14	₹	(2	)	PLN	29	₹	7
	CHF	5	₹	(5	)	CHF	4	₹	(3	)
	QAR	11	₹	(4	)	QAR	4	₹	(2	)
	TRY	30	₹	6		TRY	30	₹	8
	NOK	13	₹	(3	)	NOK	13	₹	6
	OMR	2	₹	^		OMR	1	₹	^
	SEK	17	₹	(2	)	SEK	3	₹	1
	JPY	513	₹	20		JPY	516	₹	6
	DKK	2	₹	^		DKK	2	₹	^
	AED	—	₹	—		AED	23	₹	^
	CNH	—	₹	—		CNH	5	₹	^
Buy: Forward contracts	SEK	22	₹	2		SEK	—	₹	—
	DKK	16	₹	(2	)	DKK	11	₹	(4	)
	CHF	2	₹	(1	)	CHF	2	₹	^
	AED	26	₹	^		AED	5	₹	^
	JPY	447	₹	(18	)	JPY	—	₹	—
	CNH	11	₹	^		CNH	4	₹	(1	)
	NOK	12	₹	(1	)	NOK	12	₹	(1	)
	QAR	—	₹	—		QAR	4	₹	1
	ZAR	—	₹	—		ZAR	7	₹	^
	£	—	₹	—		£	1	₹	(1	)
Interest Rate Swaps	INR	4,750	₹	3		INR	3,750	₹	(12	)

			₹	2,405				₹	(1,488	)


Particular	As at March 31, 2022											As at June 30, 2022
	Fair value measurements at reporting date											Fair value measurements at reporting date
	Total			Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3
Assets
Derivative instruments:
Cash flow hedges	₹	2,242		₹	—	₹	2,242		₹	—		₹	2,939		₹	—	₹	2,939		₹	—
Others		796			—		796			—			741			—		741			—
Investments:
Short-term mutual funds		15,550			15,550		—			—			18,558			18,558		—			—
Fixed maturity plan mutual funds		513			—		513			—			503			—		503			—
Equity instruments		16,939			41		574			16,324			19,791			42		784			18,965
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839			1,251		203,588			—			195,294			1,207		194,087			—
Liabilities
Derivative instruments:
Cash flow hedges	₹	(299	)	₹	—	₹	(299	)	₹	—		₹	(2,884	)	₹	—	₹	(2,884	)	₹	—
Others		(334	)		—		(334	)		—			(2,284	)		—		(2,284	)		—
Contingent consideration		(4,329	)		—		—			(4,329	)		(5,944	)		—		—			(5,944	)


	As at
Investment in equity instruments	March 31, 2022			June 30, 2022
Balance at the beginning of the period	₹	10,227		₹	16,324
Additions		3,973			1,114
Disposals		(7,697	)		(165	)
Unrealized gain recognized in statement of income		40			22
Gain recognized in other comprehensive income		9,423			1,152
Translation adjustment		358			518

Balance at the end of the period	₹	16,324		₹	18,965


	IT Services										IT Products		ISRE		Total
	Americas 1		Americas 2		Europe		APMEA		Total		IT Products		ISRE		Total
A. Revenue
Rendering of services	₹	49,411	₹	54,744	₹	54,064	₹	21,057	₹	179,276	₹	—	₹	1,937	₹	181,213
Sale of products		—		—		—		—		—		1,311		—		1,311

	₹	49,411	₹	54,744	₹	54,064	₹	21,057	₹	179,276	₹	1,311	₹	1,937	₹	182,524

B. Revenue by sector
Banking, Financial Services and Insurance	₹	598	₹	31,943	₹	20,765	₹	6,567	₹	59,873
Health		17,278		20		3,237		735		21,270
Consumer		20,143		575		7,619		2,725		31,062
Communications		2,015		302		2,875		3,893		9,085
Energy, Natural Resources and Utilities		169		9,409		9,237		4,733		23,548
Manufacturing		48		5,939		5,792		745		12,524
Technology		9,160		6,556		4,539		1,659		21,914

	₹	49,411	₹	54,744	₹	54,064	₹	21,057	₹	179,276	₹	1,311	₹	1,937	₹	182,524

C. Revenue by nature of contract
Fixed price and volume based	₹	27,006	₹	31,709	₹	33,524	₹	13,683	₹	105,922	₹	—	₹	1,665	₹	107,587
Time and materials		22,405		23,035		20,540		7,374		73,354		—		272		73,626
Products		—		—		—		—		—		1,311		—		1,311

	₹	49,411	₹	54,744	₹	54,064	₹	21,057	₹	179,276	₹	1,311	₹	1,937	₹	182,524


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro, LLC			USA
	Wipro Gallagher Solutions, LLC		USA
		Wipro Opus Risk Solutions, LLC	USA
	Wipro Insurance Solutions, LLC		USA
	Wipro IT Services, LLC		USA
		HealthPlan Services, Inc. ⁽¹⁾	USA
		Wipro Appirio, Inc. ⁽¹⁾	USA
		Designit North America, Inc.	USA
		Infocrossing, LLC	USA
		Wipro US Foundation	USA
		International TechneGroup Incorporated ⁽¹⁾	USA
		Wipro Designit Services, Inc. ⁽¹⁾	USA
		Wipro VLSI Design Services, LLC	USA
		Cardinal US Holdings, Inc.⁽¹⁾	USA
		LeanSwift Solutions, Inc.⁽¹⁾	USA
		Edgile, LLC	USA
		Convergence Acceleration Solutions, LLC	USA
		Rizing Intermediate Holdings, Inc.⁽¹⁾	USA

Attune Consulting India Private Limited			India

Wipro Overseas IT Services Private Limited			India

Wipro Japan KK			Japan
	Designit Tokyo Ltd.		Japan

Wipro Shanghai Limited			China

Wipro Trademarks Holding Limited			India

Wipro Travel Services Limited			India

Wipro Holdings (UK) Limited			UK
	Designit A/S		Denmark
		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Sweden AB	Sweden
		Designit T.L.V Ltd.	Israel
		Designit Spain Digital, S.L.U	Spain


	Wipro Financial Outsourcing Services Limited (Formerly known as Wipro Europe Limited)		UK
		Wipro UK Limited	UK
	Wipro Financial Services UK Limited		UK
	Wipro IT Services S.R.L.		Romania
	Wipro Gulf LLC		Sultanate of Oman
	Wipro Bahrain Limited Co. W.L.L		Bahrain
	Wipro 4C NV		Belgium
		Wipro 4C Danmark ApS	Denmark
		Wipro 4C Nederland B.V	Netherlands
		Wipro Weare4C UK Limited ⁽¹⁾	UK
		Wipro 4C Consulting France SAS	France

Wipro IT Services UK Societas			UK
	Wipro Doha LLC ⁽²⁾		Qatar
	Wipro Technologies SA DE CV		Mexico
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelősségű Társaság	Hungary
	Wipro Information Technology Egypt SAE		Egypt

	Wipro Arabia Limited ⁽³⁾		Saudi Arabia
		Women’s Business Park Technologies Limited ⁽³⁾	Saudi Arabia
	Wipro Poland SP Z.O.O		Poland
	Wipro IT Services Poland SP Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
		Ampion Holdings Pty Ltd ⁽¹⁾	Australia
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. ⁽¹⁾	Portugal
		Wipro Technologies Limited	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland

		Wipro Technologies Peru SAC	Peru
		Wipro do Brasil Technologia Ltda ⁽¹⁾	Brazil
	Wipro Technologies SA		Argentina
	Wipro Technologies SRL		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Rainbow Software LLC		Iraq
	Cardinal Foreign Holdings S.á.r.l		Luxembourg
		Cardinal Foreign Holdings 2 S.á.r.l ⁽¹⁾	Luxembourg

Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia

Wipro Chengdu Limited			China

Wipro Philippines, Inc.			Philippines

Wipro IT Services Bangladesh Limited			Bangladesh


Wipro HR Services India Private Limited						India

Encore Theme Technologies Private Limited ⁽³⁾						India

Wipro VLSI Design Services India Private Limited						India

Capco Technologies Private Limited						India


	The Capital Markets Company LLC		USA
		CAPCO (US) LLC	USA
	Capco Consulting Services LLC		USA
	Capco RISC Consulting LLC		USA
	ATOM Solutions LLC		USA
	NEOS Holdings LLC		USA
		NEOS LLC	USA
		NEOS Software LLC	USA
Ampion Holdings Pty Ltd			Australia
	Ampion Pty Ltd		Australia
		Crowdsprint Pty Ltd	Australia
		Revolution IT Pty Ltd	Australia
		Iris Holdco Pty Ltd ⁽⁴⁾	Australia

LeanSwift Solutions, Inc.			USA
	LeanSwift Solutions, LLC		USA
	LeanSwift AB		Sweden

Rizing Intermediate Holdings, Inc.			USA
	Rizing Intermediate Inc.		USA
		Rizing Intermediate LLC ⁽⁴⁾	USA
	Attune Lanka (Pvt) Ltd		Sri Lanka
		Attune Netherlands B.V. ⁽⁴⁾	Netherlands


Attune Netherlands B.V.		Netherlands
	Attune Germany GmbH	Germany
	Attune Italia S.R.L	Italy
	Attune Hong Kong Limited	Hong Kong
	Attune Consulting USA, Inc.	USA
	Attune UK Ltd.	UK
	Attune Australia Pty Ltd	Australia
	Attune Management LLC	USA


Name of the entity		Country of incorporation
Wipro Equity Reward Trust		India
Wipro Foundation		India
Capco (Canada) LP⁽⁶⁾		Canada


By order of the Board,		For, Wipro Limited

Place: Bengaluru Date: July 20, 2022		Rishad A. Premji Chairman