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Wipro Annual Report 2021 on Form 20-F Available Online for ADS Holders

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Wipro Limited (NYSE: WIT) filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2021, with the U.S. SEC on June 9, 2021. The report complies with International Financial Reporting Standards (IFRS) and is accessible to American Depository Shares (ADS) holders on Wipro's website, eliminating the need for physical distribution. Copies are available upon request at no cost. The company emphasizes its commitment to leveraging innovative technologies in providing IT and business process services globally.

Positive
  • Annual Report filed with the SEC provides transparency and meets compliance requirements.
  • Wipro's commitment to technological innovation supports its competitive positioning.
Negative
  • Market conditions could adversely impact demand for Wipro's services.
  • Risks related to the COVID-19 pandemic may affect future financial performance.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has filed its Annual Report on Form 20-F for the year ended March 31, 2021 with the U.S. Securities and Exchange Commission on June 9, 2021 (U.S. time) and will furnish the same to its American Depository Shares (ADS) holders on its website in lieu of a physical distribution.

The financial statements included in the Annual Report on Form 20-F for the year ended March 31, 2021 have been prepared in accordance with the International Financial Reporting Standards (IFRS) and is available through the Wipro Limited website at: https://www.wipro.com/investors/annual-reports/

In accordance with New York Stock Exchange rules, physical and email copies of Wipro's Annual Report on Form 20-F will be made available, at no cost, to ADS holders upon request.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

FAQ

What is the filing date of Wipro's Annual Report on Form 20-F?

Wipro filed its Annual Report on Form 20-F on June 9, 2021.

Where can I access Wipro's Annual Report on Form 20-F?

Wipro's Annual Report is available on their website at www.wipro.com/investors/annual-reports.

What does the Annual Report for Wipro cover?

The report includes financial statements prepared in accordance with IFRS for the fiscal year ending March 31, 2021.

How can ADS holders receive Wipro's Annual Report?

ADS holders can request physical and email copies of the Annual Report at no cost.

What risks does Wipro highlight in its Annual Report?

Wipro mentions risks related to earnings fluctuations, competition, and the impact of COVID-19 on technology demand and service provision.

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