Wipro is one of the few successful Indian companies with origins in British India that have influenced contemporary India’s positive progress. When Mohamed Premji founded it in 1945, he had no idea it would one day become an industrial behemoth.
Thousands of candidates compete for a position at Wipro. However, prospective employees often ask, “Is Wipro a service or product company?“. The difference is challenging to recognize because the industrial powerhouse is involved in numerous operations.
Today, we are here to answer this burning question with a comparison chart.
5 Reasons Why Wipro is a Service-Based Company
Following are the reasons why Wipro is a Service based company:
Wipro offers solutions in the form of services customised to clients’ requirements.
Unlike product-based companies who create a product for a specific need and distribute it to a broad audience
Wipro clients agree on a project time frame tailored to their specific requirements after consultations.
Unlike traditional product-based companies where internal management decides the project deadline according to market conditions.
3. Turnaround Time
Wipro turnaround time is low and depends on the client’s unique needs. Many Wipro clients have been with them for many years due to continued service requirements.
Unlike product-based companies, where turnaround time is very quick as the quality and well-marketed products are purchased immediately by the customers.
4. Team Size
Wipro maintains large team sizes, and the teams are considerably more distributed, with one or more people performing remarkably similar tasks.
Unlike product-based companies use relatively small, close-knit teams, with each member performing a specialised and outlined responsibility.
Wipro spends a very minimal amount on advertising and instead approaches target customers to give personalised services.
Unlike product-based companies who invest a significant amount of their revenue in marketing their products.
1. Is Wipro a Product-Based Company?
No, Wipro is not a product-based company because it does not create a product for a specific need and distribute it to a broad audience.
2. Is Wipro a Service-Based Company?
Yes, Wipro is a Service based company because it offers solutions in the form of services that are customised to clients’ particular requirements.
3. Why is Wipro a Service-Based Company?
Wipro is a service-based company because its turnaround time is low and has large team sizes, in addition to its modest marketing budget.
4. Why is Wipro not a Product Based Company?
Wipro is not a product-focused company because its marketing budget is modest, and clients set deadlines based on their needs.
The Bottom Line
We hope this article helps you understand the reasons why Wipro is a Service based and not a product-based company. Feel free to contact us if you have any questions or suggestions.