Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 244

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 244
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4 and 2025, respectively.

Revenues from the United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below:

                               Year ended March 31,                                          
                           2023                    2024                     2025             
United States of America       ₹    506,690             ₹    512,740             ₹    529,943
United Kingdom                      113,023                  108,613                   95,241
                               ₹    619,713             ₹    621,353             ₹    625,184

No customer individually accounted for more than 10% of the revenues during the years ended March 31, 2023, 2024 and 2025.

Management believes that it is currently not practicable to provide disclosure of geographical location wise assets, since the meaningful segregation of the available information is onerous.
Notes:
a)“Reconciling Items” includes elimination of inter-segment transactions and other corporate activities.
b)Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.
c)For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains/(losses), net” in revenues, which is reported as a part of operating profit in the consolidated statement of income.
d)Restructuring cost of ₹ 1,355 and ₹ 6,814 is included under Reconciling items for the years ended March 31, 2023 and 2024, respectively.
e)Reconciling Items for the year ended March 31, 2024, includes employee costs of ₹ 921 towards outgoing CEO and Managing Director.
f)Effective April 1, 2023, amortization and impairment of intangibles assets arising from business combination and change in fair value of contingent consideration due to change in estimates is included under “Unallocated” within IT Services segment. 
Accordingly, “Unallocated” within IT Services segment results is after recognition of the below:

                                                                                  Year ended March 31,                                          
                                                                              2023                   2024                    2025               
Amortization and impairment expenses on intangible assets (Refer to Note 6)       ₹     9,954             ₹    11,756             ₹    7,909    
Change in fair value of contingent consideration (Refer to Note 19)                    (1,671   )              (1,300   )               (169   )

Segment