Wipro Limited Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Wipro Limited, a foreign private issuer incorporated in Bangalore, Karnataka, India, on July 6, 2005. The report covers corporate governance changes occurring in June 2005.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure of Director: Mr. Vivek Paul, Vice-Chairman and member of the Board of Directors, tendered his resignation effective October 1, 2005.
- Appointment of Principal Officer: Dr. A. Lakshman Rao was appointed as Chief Operating Officer with immediate effect.
Management Commentary and Background
Dr. A. L. Rao has served as President of the Telecom & Internetworking Solutions Vertical since October 2000 and has been with the Company since August 1980. He holds a B.S., M.S., and Ph.D. in Nuclear Physics from Andhra University. The Company notified the Stock Exchange, Mumbai, the National Stock Exchange of India Limited, and the New York Stock Exchange of these changes on June 30, 2005.
Key Facts for Investor Verification
- Confirm the effective date of Mr. Vivek Paul's resignation (October 1, 2005).
- Verify Dr. A. Lakshman Rao's new role as Chief Operating Officer.
- Review the attached press release (Exhibit 99.1) for additional context on the leadership transition.