Latest news with #WiproLimited
India.com
16 hours ago
- Business
- India.com
These are the 5 richest Muslim families in India, know how much money they have?, they are...
These are the 5 richest Muslim families in India, know how much money they have?, they are... In India, there are many Muslim families, but today we will be talking about the ones that are the richest, and have a great inspirational tale to tell. Due to their diligence and commercial acumen, there are many Muslim households in the country that enjoy great financial success. They have made their mark not only domestically, but internationally as well. Here is a bit more about five of the wealthiest Muslim families of India today: 1. Azim Premji A man known for his daring and fortune, he is one of the most prosperous Indian Muslim businessman. He is the founder and chairman of Wipro Limited, a well- known IT company. Premji is also known for his charitable work, as a significant portion of his massive fortune has been contributed to charitable causes, particularly education. According to the Hurun India Philanthropy List, he has donated around Rs 9,713 crore till date, and Forbes estimates him to be worth around $12.2 billion USD. If seen on a daily basis, he has donated around Rs 27 crore every day. 2. M.A. Yusuf Ali Family (Lulu Group) M.A. Yusuf Ali is the managing director of Lulu Group international. He was born in Kerala and found his business in Abu Dhabi. He has a vast network of retail centres and hypermarkets throughout the Middle East, India, and other countries as well. , According to Forbes, Yusuf Ali, also known as the 'Middle East Retail King', is worth roughly $7.4 billion (about Rs 65,150 crore) and has constructed sizable shopping centres in Kerala, India, which offer commercial and job prospects. 3. Yousuf Hameed Yousuf Hameed is not only a renowned scientist and businessman, but also the owner of Cipla Pharmaceuticals, one of India's top pharmaceutical firms. Apart from that, he has helped create reasonably priced medications, especially for the treatment of HIV/AIDS. His worth is estimated to be around $2.6 billion (about Rs 21,000 crore). Cipla pharmaceuticals are very well known in India, and their headquarters in Mumbai. In 2005 Yousuf Hameed was awarded with the Padma Bhushan from the Indian Government. 4. Rafiq Malik Chairman of Metro Brands Limited and a well-known businessman, Rafiq Malik is known for brands like Metro, Mochi, Walkway, Da Vince and Fitflop . His company, Metro Shoes is a prominent ladies footwear retail chain in India. Forbes estimates Rafiq's net worth to be around $2.1 billion dollars, or around 17,160 crore. He was the 89th richest person in India in 2022, and 1,434th on Forbes' list of billionaires in 2023. 5. Dr. Azad Moopen Dr. Azad Moopen is a Doctor and Entrepreneur from India residing in Dubai. He was born in Kalpakancheri , Kerala, in 1953. After graduating from Calicut Medical College with an MBBS and an MD, he also received a gold medal in his career. His life changed course in 1987 when he travelled to Dubai for a unique assignment. He is an Indian healthcare entrepreneur. He is the developer of many healthcare facilities in Asia-Pacific. He is also the chairman and managing director of Aster DM Healthcare, a healthcare conglomerate in the Middle East and India founded in 1987. Forbes says Dr. Azad Moopen has a net worth of around $1 billion USD, around Rs 8600 crores. As a result, he is among the wealthiest Indians in the United Arab Emirates
Channel Post MEA
5 days ago
- Business
- Channel Post MEA
Wipro Bags Multi-Year Strategic Contract From Saudi Electric Company
Wipro Limited has announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks. 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages, leading to optimal experiences for the end user.
Web Release
5 days ago
- Business
- Web Release
Wipro Wins Multi-Year 'Smart Grid' Deal from Saudi Electric Company
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks. 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages, leading to optimal experiences for the end user.
Business Upturn
6 days ago
- Business
- Business Upturn
Wipro secures multi-year smart grid contract from Saudi Arabia's National Grid SA
Wipro Limited has secured a multi-year strategic contract from Saudi Electricity Company's National Grid SA to modernize its meter data platform. Under the deal, Wipro will roll out a Smart Meter Data Management (MDM) system aimed at boosting operational efficiency, minimizing risks, and improving the overall reliability of the country's power transmission network. As part of the agreement, Wipro will design, build, and maintain the smart infrastructure and applications required for the MDM system. The solution will enable real-time monitoring of power flow, voltage, and equipment performance, helping National Grid SA strengthen grid stability and responsiveness. The smart system will also support advanced forecasting, reporting, and predictive maintenance—helping detect faults faster and improve energy usage visibility. Ultimately, the initiative is expected to lower operational costs, reduce outages, and offer a better energy experience for end users across Saudi Arabia. Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited, said, 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape. With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Wire
6 days ago
- Business
- Business Wire
Wipro Wins Multi-Year 'Smart Grid' Deal from Saudi Electric Company
RIYADH, Saudi Arabia & BENGALURU, India--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks. "We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions." Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages, leading to optimal experiences for the end user. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at Forward-Looking Statements The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
