Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 68

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 4
Chunk 68
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 upon the commencement of their relationships with us. These confidentiality agreements generally provide that any confidential or proprietary information being developed by us or on our behalf be kept confidential. These agreements also provide that any confidential or proprietary information disclosed to third parties in the course of our business be kept confidential by such third parties. However, our clients usually own the IP in the software we develop for them.
While we invest resources in developing, maintaining, and protecting our IP, we deeply respect the IP held by our customers, vendors and other business partners.
Effect of Government Regulation on our Business
Regulation of our business by governments across the world affects our business in several ways. Our registered office is in India and we are subject to the regulations notified by the GoI. We benefit from certain tax incentives promulgated by the GoI, including the export of IT services from SEZs. As a result of these incentives, our operations have been subject to relatively lower Indian tax liabilities. However, any new SEZ which commences operation on or after April 1, 2021 will not be entitled to any special tax exemption, which may have the effect of increasing tax outflow in the future.
Indian laws also place additional requirements on our business, including obtaining approval under various legislations from the RBI, SEBI, MCA, and/or the Ministry of Finance of the GoI to acquire companies incorporated outside India, if prescribed conditions are not satisfied, and subject to some exceptions, obtaining approval from relevant authorities in India in order to raise capital outside India or conduct other activities. We may also be required to obtain the approval of the Indian Stock Exchanges and/or the SEBI to take certain actions, such as the acquisition of, or merger with, another company. The conversion of our equity shares into ADSs is governed by guidelines issued by the RBI.
We are also subject to several legislative provisions relating to environmental protection, pollution control, essential commodities, and operation of our facilities.
Please see the section titled “Risk Factors” in Item 3, Key Information, as well as the section titled “Additional Information” in Item 10, for more information on the effects of governmental regulation on our business.
Organizational Structure
Refer to Note 31 of the Notes to Consolidated Financial Statements for information on the organizational structure of the Company.
Property, Plant, and Equipment
Our registered office is located at Doddakannelli, Sarjapur Road, Bengaluru, India. This office is approximately 0.30 million square feet. We have approximately 1