Annual Report 2002-2003 of Wipro Limited

It is a broadly described annual report of Wipro Limited in the year of 2002-2003. During the financial year, Sales of the Company for the year ended 31^st March 2003 was Rs. 40,327 million up by 16% and Profit after Tax before extraordinary items was Rs. 8,395 million declined by 3% over the previous year. The Company’s earnings in Foreign Exchange stood at Rs. 28,866 million have registered a growth of 23% compared to the previous year. The Company’s Fixed deposits from the public as at 31^st March 2003 were Rs. 0.84 million and the unclaimed deposits aggregating to Rs. 0.84 million has been transferred to Investor Education and Protection Fund.

The Board of Directors has recommended a dividend of Re. 1/- per equity share to be appropriated from the profits of the year 2002-03 subject to the approval by the shareholders at the ensuing Annual General Meeting.

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