Annual Report 2007-2008 of Wipro Limited

It is a broadly described annual report of Wipro Limited in the year of 2007-2008. During the financial year, The Company’s Sales and other income for the current year grew by 34% to Rs. 203,970 million and our Profit for the year was Rs. 32,829 million, an increase of 12% over the previous year. During the year our Company earned foreign exchange of Rs. 128,852 million and used in the foreign exchange of Rs. 52,028 million, including expenditure on materials imported, dividend. The Company has an authorized share capital of Rs. 3,550 million comprising Rs. 1,650 million equity shares of Rs. 2/- each and Rs. 25 million 10.25% redeemable cumulative preference shares of Rs. 10/- each as of 31^st March 2008. The Company has a paid-up capital of Rs. 2,923 million, an increase of Rs. 5 million during this year.

The Board of Directors has recommended a Final Dividend of Rs. 4 per equity share of Rs. 2/- each to be appropriated from the profits of the year 2007-08 subject to the approval of the shareholders at the ensuing Annual General Meeting.

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