Annual (Financial) Report 2001-2002 of Wipro Limited

It is a broadly described annual (financial) report of Wipro Limited in the year of 2001-2002. During the financial year, Sales of the Company for the year ended 31^st March 2002 were Rs. 34,677 million up by 12% and Profit after Tax before extraordinary items was Rs. 8,661 million up by 30% over the previous year. The Company’s earnings in foreign exchange of Rs. 23,495 million has recorded a growth of 30% over the previous year. The Company’s Fixed deposits from the public as at 31^st March 2002 were Rs. 0.84 million and the unclaimed deposits as on that date were Rs. 0.84 million. The foreign exchange earnings of the Company during the year were Rs. 23,495 million while the outgoings were Rs. 11,963 million.

The Board of Directors has recommended a dividend of Re. 1/- per equity share to be appropriated from the profits of the year 2001-2002 subject to the approval by the shareholders at the ensuing Annual General Meeting.

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