Wipro : Integrated Annual Report 2024-25

Helping Clients Build

AI-POWERED FUTURE-READY BUSINESSES

Ambitions Realized.

‌ABOUT THE REPORT

We are happy to present our 10thIntegrated Annual Report. This Report includes financial and non-financial performance of our IT business and is aligned to principles of Integrated Framework (updated January 2021), now part of IFRS Foundation.

Reporting Framework

In addition, this Report is aligned to the Integrated Reporting Framework by the International Sustainability Standards Board (ISSB), Sustainability Accounting Standards Board (SASB), ISO 14064, United Nation Global Compact (UNGC), WEF Stakeholder Capitalism metrics and Business Responsibility and Sustainability Report (BRSR) requirements of Securities and Exchange Board of India (SEBI). The Climate Risk and Environmental Sustainability sections of this report

includes the recommendations set out by the Task Force on Climate-related Financial Disclosures (TCFD) and the IFRS S1/S2 standards.

Reporting Scope and Boundary

The Report complies with financial and statutory data requirements of the Companies Act, 2013 (including the Rules made thereunder), Accounting

Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards, as may be applicable.

Navigate our Report

Capitals Impacted

Read more on page no. 48

Capitals vs. Stakeholder Value Mapping

Customers Natural

Natural

Financial

Human

Employees Financial

Social and Relationship

Manufactured Intellectual

Suppliers & Human

Partners

Stakeholder Groups

Read more on page no. 50

Civil Societies & Communities

Social & Relationship

Customers

Employees Suppliers

Investors Manufactured

For more information visit: https://www.wipro.com

	Reporting Context About the Report Igniting Transformation Powering our Clients' Success with AI	Corporate Overview About Wipro Our Offerings 14 Wipro Gen AI 16 Client Stories 20 Recognitions 24 Board of Directors	Performance and Outlook 26 Year at a Glance 28 Chairman's Letter 30 CEO's Letter 32 Management Discussion and Analysis
	Sustainability at Wipro 46 ESG Strategy and Governance 48 Stakeholder engagement 52 Materiality Assessment 56 Impact Valuation Report 58 Value Creation Model	Value Creation for Stakeholders 60 Investor Returns 62 Customer Stewardship 66 Supplier Synergies 72 Community Initiatives 82 Environmental Sustainability 94 People Practices	Risk Management 100 Risk Management 109 Climate and ESG Risks 112 Key Financial and Market Risks Statutory Reports and Financial Statements 114 Board's Report 147 Corporate Governance Report 174 Standalone Financials under Ind AS 276 Consolidated Financials under Ind AS 388 Consolidated Financials under IFRS 480 Business Responsibility and Sustainability Report 2024-25

Communities

Investors

Planet (and Human Well-being)

Planet Intellectual

CONTENTS

REPORTING CONTEXT CORPORATE OVERVIEW PERFORMANCE AND OUTLOOK SUSTAINABILITY AT WIPRO 2 VALUE CREATION FOR STAKEHOLDERS RISK MANAGEMENT STATUTORY REPORTS AND FINANCIAL STATEMENTS 3‌

Igniting Transformation AI-powered Wipro, Transforming the Future, Responsibly

founded by Mr. Azim Premji. We care deeply about facilitating actionable transformation for our clients,

POWERING OUR CLIENTS'

SUCCESS WITH AI

In today's dynamic business environment, Artificial Intelligence is a powerful force, a significant disruptor with the potential to fundamentally reshape industries and operations. At Wipro, we take an AI-first approach to help clients transform. Our strategic imperative, an AI-powered Wipro, is designed with a clear, client-centric objective: to change the game for our client's businesses, deliver better services with enhanced productivity, and operate our own business better using AI. Our strategy focuses on three key pillars:

Change the Game

We are actively building and deploying AI models designed to address distinct client challenges, including Sovereign AI for protected data applications, Inspect

AI for visual analysis tasks, Agentic AI for process automation, Wealth AI for specialized financial services and E-IQ (Enterprise Intelligent Quotient) our Agentic AI rollout methodology.

Deliver Better

We are infusing AI into our delivery engagements to significantly improve speed, quality and productivity. The integration of AI across our Software Development Life Cycle, validated across hundreds of live use cases, has yielded accelerated development cycles, faster deployments and enhanced code quality and defect resolution. In addition, AI is being extensively infused in business process services and managed services engagements.

Operate Better

We are 'Client Zero', building and testing AI solutions to drive our own internal efficiency. It is fundamental to building the AI talent and leveraging essential toolsets like the Wipro AI platform and WeGA studio.

At Wipro, we believe that innovation and trust can go hand in hand. We know that business success depends on effective utilization of AI, and this is why we proactively tackle the complexities of this technology, emphasizing risk management and stringent governance practices.

Enduring and sustainable innovation is built on a solid governance framework, and we collaborate closely with our clients and stakeholders to integrate governance, privacy, security, and legal protections into our innovations, empowering them to unlock the full potential of AI.

Building a Better World

The belief that our purpose fuels our business and our business fuels our purpose has been our guiding force since the very beginning. We commit ourselves to be

a catalyst in building a just, equitable, humane, and sustainable society. Economic interest of about 2/3rdownership of Wipro Limited is irrevocably earmarked to Azim Premji Foundation, the philanthropic organization

our communities and the environment.

As one of the first seven companies worldwide to receive SBTi-approved Net Zero targets, our commitment is deep and authentic. We realize it by helping clients turn sustainability ambition into action. The year 2025 marks our 80thanniversary of being in business. We are proud of this amazing milestone, which is a testament to the hard work, commitment, and creativity of our employees. They are the driving force behind Wipro's success.

84%

Renewable Energy (% of total consumption)

97%

Waste Avoided from being sent to Landfills

31%

Water Reused (% of total water consumption)

Technology Services

Technology Services delivers cutting-edge, cloud-enabled and industry-specific

technology solutions to our clients. This GBL is designed to strengthen the

sales-to-delivery continuum and institutionalize integrated service line go-to-market and delivery.

Consulting

Wipro Consulting is driving industry transformation and client value creation at the forefront of Wipro's consulting-led, AI-powered strategy. As more than advisors, Wipro Consulting are catalysts for change-proactively originating strategic deals, optimizing pricing models, and deepening engagement with the entire C-suite beyond the CIO to drive transformative impact.

‌We are a leading AI-powered technology services and consulting company, focused on building innovative solutions to unlock our clients' boldest ambitions. We leverage our comprehensive portfolio of capabilities in consulting, design, engineering, and operations to offer tailored solutions that address‌

Engineering

Wipro Engineering is building a world where technology doesn't just react to change -

it anticipates, learns, and evolves alongside it. Wipro has led engineering services for over

35 years, empowering 500+ clients across industries to innovate and engineer market-changing products and platforms with deep expertise. Our capabilities include some of the most foundational technologies reshaping the world today - in AI, 5G, and silicon chip engineering.

our clients' most complex digital transformation needs. With a global workforce of over 230,000 committed individuals across 65 countries, we fulfil our promise of helping our customers, colleagues, and communities thrive in an ever-changing world.

Spirit of Wipro

These values are our bedrock. They define and make us. Our character and destinies are energized by our values.

Be passionate about clients' success Treat each person with respect

Be global and responsible

Unyielding integrity in everything we do

Five Habits

Business Process Services

Wipro's Business Process Services help organizations navigate uncertainties with resilience. As a value orchestrator, we integrate domain expertise, technology,

and operations, leveraging platform and process insights to drive impactful business outcomes and ensure preparedness in an evolving global landscape.

When our behaviors and ways of working consistently reflect our values, we see the Five Habits in action.

Being Respectful Being Responsive Always Communicating

Demonstrating Stewardship Building Trust

About Wipro

WHERE PROGRESS MEETS PURPOSE

REPORTING CONTEXT

CORPORATE OVERVIEW

PERFORMANCE AND OUTLOOK

SUSTAINABILITY AT WIPRO

4

VALUE CREATION FOR STAKEHOLDERS

RISK MANAGEMENT

STATUTORY REPORTS AND FINANCIAL STATEMENTS

5

Our Offerings

As our clients' needs evolve, we continually streamline, simplify, and reinvent how we serve our clients to ensure delightful and seamless experiences across the client journey. Beginning April 1, 2025, we realigned our Global Business Lines to serve our clients better with tailored, high-impact transformation through

a simplified structure.

REPORTING CONTEXT CORPORATE OVERVIEW PERFORMANCE AND OUTLOOK SUSTAINABILITY AT WIPRO 6

VALUE CREATION FOR STAKEHOLDERS

RISK MANAGEMENT

STATUTORY REPORTS AND FINANCIAL STATEMENTS 7

01

CONSULTING

Industry-led Transformation

Wipro Consulting ensures that each client transformation is shaped and deeply rooted in industry-specific expertise, to drive measurable impact across:

Banking, Financial Services and Insurance (BFSI)

Strengthening risk management, accelerating digital banking innovation, and optimizing customer experience to enhance financial resilience.

Energy, Manufacturing and Resources (EMR)

Modernizing grid systems, advancing Industry 4.0, optimizing asset efficiency, and enabling sustainable resource management.

Health

Enabling predictive healthcare, R&D, improving operational efficiencies, and advancing patient-centric care models to transform the health ecosystem.

Consumer

Elevating omnichannel experiences, driving pricing intelligence, and optimizing demand forecasting to enhance customer engagement and brand growth.

Technology and Communications

Accelerating 5G adoption, enhancing digital infrastructure, and transforming network operations with AI to power the next era of connectivity.

Core Functional Focus Areas

Beyond industry expertise, we serve our clients with deep functional capabilities to ensure transformation delivers lasting positive impact on our client's top and bottom line:

Supply Chain and Operations

Driving end-to-end supply chain resilience, operational agility, and intelligent procurement strategies.

Finance Transformation

Elevating financial transparency, improving performance analytics, and driving sustainable profitability.

People and Change

Enabling workforce adaptability and skills for the future, leadership development and culture transformation

for growth.

Sales and Marketing

Redefining pricing strategies, enhancing customer

engagement, and driving revenue acceleration.

Technology Strategy

Architecting future-ready digital roadmaps that align technology investments with business goals.

Sustainability

Embedding ESG principles into core business strategies to enhance long-term resilience and stakeholder value.

By combining industry insight with functional depth, Wipro Consulting positions itself as the tip of the spear - proactively shaping new opportunities, accelerating transformation, and forging deeper executive relationships across industries.

Our mission is clear: to drive industry-led growth that delivers tangible business value while shaping the future of process reimagination-leveraging AI, automation and advanced analytics to create more intelligent, agile, and resilient business operations.

Wipro Consulting is driving industry transformation and client value creation at the forefront of Wipro's consulting-led, AI-powered strategy. As more than advisors, Wipro Consulting are catalysts for change- proactively originating strategic deals, optimizing pricing models, and deepening engagement with the entire C-suite beyond the CIO to drive transformative impact.

Our approach blends industry expertise with functional excellence, ensuring that clients across all industries realize measurable value through intelligent transformation. By leveraging our global talent,

AI-driven insights, and an ecosystem of innovative technology partners, we empower businesses to unlock

efficiency, drive competitive advantage, and navigate complex disruptions with confidence.