Cover Page
Cover Page | 12 Months Ended |
Mar. 31, 2024 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2024 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | FY |
Trading Symbol | WIT |
Title of 12(b) Security | American Depositary Shares, eachrepresented by one Equity Share, parvalue ₹2 per share |
Security Exchange Name | NYSE |
Entity Registrant Name | WIPRO LIMITED |
Entity Central Index Key | 0001123799 |
Current Fiscal Year End Date | --03-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 5,225,138,246 |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Document Annual Report | true |
Entity Address, Country | IN |
Document Registration Statement | false |
Document Transition Report | false |
Document Shell Company Report | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Entity File Number | 001-16139 |
Entity Address, Address Line One | Doddakannelli |
Entity Address, Address Line Two | Sarjapur Road |
Entity Address, City or Town | Bengaluru |
Entity Address, Postal Zip Code | 560035 |
Entity Incorporation, State or Country Code | K7 |
Document Financial Statement Error Correction [Flag] | false |
Auditor Firm ID | 1180 |
Auditor Name | Deloitte Haskins & Sells LLP |
Auditor Location | Bengaluru, Karnataka, India |
Address of Company Contact Person [Member] | |
Document Information [Line Items] | |
Entity Address, Country | IN |
Entity Address, Address Line One | Doddakannelli |
Entity Address, Address Line Two | Sarjapur Road |
Entity Address, City or Town | Bengaluru |
Entity Address, Postal Zip Code | 560035 |
City Area Code | 91-80 |
Local Phone Number | 2844-0011 |
Contact Personnel Name | Aparna C. Iyer |
Contact Personnel Fax Number | 2844-0054 |
Contact Personnel Email Address | iyer.aparna@wipro.com |
Consolidated Statement of Finan
Consolidated Statement of Financial Position ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | |
ASSETS | ||||
Goodwill | ₨ 316,002 | $ 3,792 | ₨ 307,970 | |
Intangible assets | 32,748 | 393 | 43,045 | |
Property, plant and equipment | 81,608 | 979 | 88,659 | |
Right-of-Use assets | 17,955 | 215 | 18,702 | |
Financial assets | ||||
Derivative assets | 25 | 29 | ||
Investments | 21,629 | 260 | 20,720 | |
Trade receivables | 4,045 | 49 | 863 | |
Other financial assets | 5,550 | 67 | 6,330 | |
Non-Financial Assets | ||||
Investments accounted for using equity method | 1,044 | 13 | 780 | |
Deferred tax assets | 1,817 | 22 | 2,100 | |
Non-current tax assets | 9,043 | 109 | 11,922 | |
Other non-current assets | 10,331 | 124 | 13,606 | |
Total non-current assets | 501,797 | 6,023 | 514,726 | |
Inventories | 907 | 11 | 1,188 | |
Financial assets | ||||
Derivative assets | 1,333 | 16 | 1,844 | |
Investments | 311,171 | 3,734 | 309,232 | |
Cash and cash equivalents | 96,953 | 1,163 | 91,880 | |
Trade receivables | 115,477 | 1,387 | 126,350 | |
Unbilled receivables | 58,345 | 700 | 60,515 | |
Other financial assets | 10,536 | 126 | 9,096 | |
Non-Financial Assets | ||||
Contract assets | 19,854 | 238 | 23,001 | |
Current tax assets | 6,484 | 78 | 5,091 | |
Other current assets | 29,602 | 355 | 32,899 | |
Total current assets | 650,662 | 7,808 | 661,096 | |
TOTAL ASSETS | 1,152,459 | 13,831 | 1,175,822 | |
Share capital | 10,450 | 125 | 10,976 | |
Share premium | 3,291 | 39 | 3,689 | |
Retained earnings | 630,936 | 7,571 | 660,964 | |
Share-based payment reserve | 6,384 | 77 | 5,632 | |
Special Economic Zone Re-investment reserve | 42,129 | 506 | 46,803 | |
Other components of equity | 56,693 | 680 | 53,100 | |
Equity attributable to the equity holders of the Company | 749,883 | 8,998 | 781,164 | |
Non-controlling interests | 1,340 | 16 | 589 | |
TOTAL EQUITY | 751,223 | 9,014 | 781,753 | |
Financial liabilities | ||||
Non-current loans and borrowings | 62,300 | 748 | 61,272 | |
Lease liabilities | 13,962 | 168 | 15,953 | |
Derivative liabilities | 4 | 179 | ||
Other financial liabilities | 4,985 | 60 | 2,649 | |
Non-Financial Liabilities | ||||
Deferred tax liabilities | 17,467 | 210 | 15,153 | |
Non-current tax liabilities | 37,090 | 445 | 21,777 | |
Other non-current liabilities | 12,970 | 156 | 9,333 | |
Provisions | 0 | 0 | [1] | |
Total non-current liabilities | 148,778 | 1,787 | 126,316 | |
Financial liabilities | ||||
Loans, borrowings and bank overdrafts | 79,166 | 950 | 88,821 | |
Lease liabilities | 9,221 | 111 | 8,620 | |
Derivative liabilities | 558 | 7 | 2,825 | |
Trade payables and accrued expenses | 88,566 | 1,062 | 89,054 | |
Other financial liabilities | 2,272 | 27 | 4,141 | |
Non-Financial liabilities | ||||
Contract liabilities | 17,653 | 212 | 22,682 | |
Current tax liabilities | 21,756 | 261 | 18,846 | |
Other current liabilities | 31,295 | 376 | 30,215 | |
Provisions | 1,971 | 24 | 2,549 | |
Total current liabilities | 252,458 | 3,030 | 267,753 | |
TOTAL LIABILITIES | 401,236 | 4,817 | 394,069 | |
TOTAL EQUITY AND LIABILITIES | ₨ 1,152,459 | $ 13,831 | ₨ 1,175,822 | |
[1] ^ Value is less than 1 |
Consolidated Statement of Incom
Consolidated Statement of Income ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) ₨ / shares shares | Mar. 31, 2024 USD ($) $ / shares shares | Mar. 31, 2023 INR (₨) ₨ / shares shares | Mar. 31, 2022 INR (₨) ₨ / shares shares | |
Profit or loss [abstract] | ||||
Revenues | ₨ 897,603 | $ 10,770 | ₨ 904,876 | ₨ 790,934 |
Cost of revenues | (631,497) | (7,577) | (645,446) | (555,872) |
Gross profit | 266,106 | 3,193 | 259,430 | 235,062 |
Selling and marketing expenses | (69,972) | (840) | (65,157) | (54,935) |
General and administrative expenses | (60,375) | (724) | (59,139) | (46,382) |
Foreign exchange gains/(losses), net | 340 | 4 | 4,472 | 4,355 |
Other operating income/(loss), net | 0 | 0 | 0 | 2,186 |
Results from operating activities | 136,099 | 1,633 | 139,606 | 140,286 |
Finance expenses | (12,552) | (151) | (10,077) | (5,325) |
Finance and other income | 23,896 | 287 | 18,185 | 16,257 |
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | (233) | (3) | (57) | 57 |
Profit before tax | 147,210 | 1,766 | 147,657 | 151,275 |
Income tax expense | (36,089) | (433) | (33,992) | (28,946) |
Profit for the year | 111,121 | 1,333 | 113,665 | 122,329 |
Profit attributable to: | ||||
Equity holders of the Company | 110,452 | 1,325 | 113,500 | 122,191 |
Non-controlling interests | 669 | 8 | 165 | 138 |
Profit for the year | ₨ 111,121 | $ 1,333 | ₨ 113,665 | ₨ 122,329 |
Earnings per equity share: Attributable to equity holders of the Company | ||||
Basic | (per share) | ₨ 20.89 | $ 0.25 | ₨ 20.73 | ₨ 22.35 |
Diluted | (per share) | ₨ 20.82 | $ 0.25 | ₨ 20.68 | ₨ 22.29 |
Weighted average number of equity shares used in computing earnings per equity share | ||||
Basic | 5,288,285,555 | 5,288,285,555 | 5,477,466,573 | 5,466,705,840 |
Diluted | 5,305,712,314 | 5,305,712,314 | 5,488,991,175 | 5,482,083,438 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Statement of comprehensive income [abstract] | ||||
Profit for the year | ₨ 111,121 | $ 1,333 | ₨ 113,665 | ₨ 122,329 |
Items that will not be reclassified to profit or loss in subsequent periods | ||||
Remeasurements of the defined benefit plans, net | 82 | 1 | (50) | 399 |
Net change in fair value of investment in equity instruments measured at fair value through OCI | (473) | (6) | 705 | 8,710 |
Items that will not be reclassified to profit or loss in subsequent periods | (391) | (5) | 655 | 9,109 |
Foreign currency translation differences | ||||
Foreign currency translation differences | 4,219 | 51 | 16,590 | 4,121 |
Reclassification of foreign currency translation differences on sale of investment in associates and liquidation of subsidiaries to statement of income | (198) | (2) | (133) | (158) |
Other Items that will be reclassified to profit or loss in subsequent periods | ||||
Net change in time value of option contracts designated as cash flow hedges | 198 | 2 | (180) | 139 |
Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes | 128 | 2 | (212) | (100) |
Net change in fair value of forward contracts designated as cash flow hedges, net of taxes | 1,655 | 20 | (2,488) | (292) |
Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes | 1,516 | 18 | (3,137) | (1,219) |
Items that will be reclassified to profit or loss in subsequent periods | 7,518 | 91 | 10,440 | 2,491 |
Total other comprehensive income, net of taxes | 7,127 | 86 | 11,095 | 11,600 |
Total comprehensive income for the year | 118,248 | 1,419 | 124,760 | 133,929 |
Total comprehensive income attributable to: | ||||
Equity holders of the Company | 117,744 | 1,413 | 124,543 | 133,742 |
Non-controlling interests | 504 | 6 | 217 | 187 |
Total comprehensive income for the year | ₨ 118,248 | $ 1,419 | ₨ 124,760 | ₨ 133,929 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity ₨ in Millions, $ in Millions | INR (₨) | USD ($) | Adjustment on adoption of amendments to IAS 37 INR (₨) | Share capital, fully paid-up [member] INR (₨) shares | Share capital, fully paid-up [member] USD ($) shares | Share premium [member] INR (₨) | Share premium [member] USD ($) | Retained earnings [member] INR (₨) | Retained earnings [member] USD ($) | Retained earnings [member] Adjustment on adoption of amendments to IAS 37 INR (₨) | Share-based payment reserve [member] INR (₨) | Share-based payment reserve [member] USD ($) | Special Economic Zone Re-investment reserve [member] INR (₨) | Special Economic Zone Re-investment reserve [member] USD ($) | Foreign currency translation reserve [member] INR (₨) | Foreign currency translation reserve [member] USD ($) | Cash flow hedging reserves [member] INR (₨) | Cash flow hedging reserves [member] USD ($) | Other reserves [member] INR (₨) | Other reserves [member] USD ($) | Equity attributable to the equity holders of the Company [member] INR (₨) | Equity attributable to the equity holders of the Company [member] USD ($) | Equity attributable to the equity holders of the Company [member] Adjustment on adoption of amendments to IAS 37 INR (₨) | Non- controlling interest [member] INR (₨) | Non- controlling interest [member] USD ($) | |||||||||
Balance at the beginning of the year at Mar. 31, 2021 | ₨ 554,593 | ₨ 10,958 | ₨ 714 | ₨ 466,692 | ₨ 3,071 | ₨ 41,154 | ₨ 22,936 | ₨ 1,730 | ₨ 5,840 | [1] | ₨ 553,095 | ₨ 1,498 | ||||||||||||||||||||||
Beginning balance, shares at Mar. 31, 2021 | shares | [2] | 5,479,138,555 | 5,479,138,555 | |||||||||||||||||||||||||||||||
Comprehensive income for the year | ||||||||||||||||||||||||||||||||||
Profit for the year | 122,329 | 122,191 | 122,191 | 138 | ||||||||||||||||||||||||||||||
Other comprehensive income | 11,600 | 3,914 | (253) | 7,890 | [1] | 11,551 | 49 | |||||||||||||||||||||||||||
Total comprehensive income for the year | 133,929 | 122,191 | 3,914 | (253) | 7,890 | [1] | 133,742 | 187 | ||||||||||||||||||||||||||
Issue of equity shares on exercise of options | 6 | ₨ 6 | 852 | (852) | 6 | |||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [2] | 2,931,560 | 2,931,560 | |||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | [2] | 1,071 | (1,071) | |||||||||||||||||||||||||||||||
Compensation cost related to employee share-based payment | 4,119 | 9 | 4,110 | 4,119 | ||||||||||||||||||||||||||||||
Transferred from/to Special Economic Zone re-investment reserve | (5,907) | 5,907 | ||||||||||||||||||||||||||||||||
Dividend | [3] | (33,939) | (32,804) | (32,804) | (1,135) | |||||||||||||||||||||||||||||
Others | (35) | (35) | ||||||||||||||||||||||||||||||||
Other transactions for the year | (29,849) | ₨ 6 | 852 | (37,631) | 2,187 | 5,907 | (28,679) | (1,170) | ||||||||||||||||||||||||||
Other transactions for the year, shares | shares | [2] | 2,931,560 | 2,931,560 | |||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2022 | 658,673 | ₨ 10,964 | 1,566 | 551,252 | 5,258 | 47,061 | 26,850 | [4] | 1,477 | 13,730 | [1] | 658,158 | 515 | |||||||||||||||||||||
Ending balance, shares at Mar. 31, 2022 | shares | [2],[5] | 5,482,070,115 | 5,482,070,115 | |||||||||||||||||||||||||||||||
Adjustment on adoption of amendments to IAS 37 | ₨ (51) | ₨ (51) | ₨ (51) | |||||||||||||||||||||||||||||||
Adjusted balance as at April 1, 2022 | 658,622 | ₨ 10,964 | 1,566 | 551,201 | 5,258 | 47,061 | 26,850 | [4] | 1,477 | 13,730 | [4] | 658,107 | 515 | |||||||||||||||||||||
Adjusted balance as at April 1, 2022, shares | shares | [5] | 5,482,070,115 | 5,482,070,115 | |||||||||||||||||||||||||||||||
Comprehensive income for the year | ||||||||||||||||||||||||||||||||||
Profit for the year | 113,665 | 113,500 | 113,500 | 165 | ||||||||||||||||||||||||||||||
Other comprehensive income | 11,095 | 16,405 | [4] | (2,880) | (2,482) | [4] | 11,043 | 52 | ||||||||||||||||||||||||||
Total comprehensive income for the year | 124,760 | 113,500 | 16,405 | [4] | (2,880) | (2,482) | [4] | 124,543 | 217 | |||||||||||||||||||||||||
Issue of equity shares on exercise of options | 12 | ₨ 12 | 2,123 | (2,123) | 12 | |||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [5] | 5,847,626 | 5,847,626 | |||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | [5] | 1,472 | (1,472) | |||||||||||||||||||||||||||||||
Compensation cost related to employee share-based payment | 3,979 | 10 | 3,969 | 3,979 | ||||||||||||||||||||||||||||||
Transferred from/to Special Economic Zone re-investment reserve | 258 | (258) | ||||||||||||||||||||||||||||||||
Dividend | (5,477) | [6] | (5,477) | [6] | (5,477) | [6] | 0 | |||||||||||||||||||||||||||
Others | (143) | (143) | ||||||||||||||||||||||||||||||||
Other transactions for the year | (1,629) | ₨ 12 | 2,123 | (3,737) | 374 | (258) | (1,486) | (143) | ||||||||||||||||||||||||||
Other transactions for the year, shares | shares | [5] | 5,847,626 | 5,847,626 | |||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2023 | 781,753 | ₨ 10,976 | 3,689 | 660,964 | 5,632 | 46,803 | 43,255 | [4] | (1,403) | [7] | 11,248 | [4] | 781,164 | 589 | ||||||||||||||||||||
Ending balance, shares at Mar. 31, 2023 | shares | [5],[8] | 5,487,917,741 | 5,487,917,741 | |||||||||||||||||||||||||||||||
Comprehensive income for the year | ||||||||||||||||||||||||||||||||||
Profit for the year | 111,121 | $ 1,333 | 110,452 | 110,452 | 669 | |||||||||||||||||||||||||||||
Other comprehensive income | 7,127 | 86 | 4,006 | [9] | 1,981 | [7] | 1,305 | [9] | 7,292 | (165) | ||||||||||||||||||||||||
Total comprehensive income for the year | 118,248 | 1,419 | 110,452 | 4,006 | [9] | 1,981 | [7] | 1,305 | [9] | 117,744 | 504 | |||||||||||||||||||||||
Issue of equity shares on exercise of options | 13 | ₨ 13 | 3,370 | (3,370) | 13 | |||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [8] | 6,883,426 | 6,883,426 | |||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | [8] | 1,462 | (1,462) | |||||||||||||||||||||||||||||||
Compensation cost related to employee share-based payment | 5,591 | 7 | 5,584 | 5,591 | ||||||||||||||||||||||||||||||
Transferred from/to Special Economic Zone re-investment reserve | 4,674 | (4,674) | ||||||||||||||||||||||||||||||||
Buyback of equity shares, including tax thereon | (144,783) | [10] | ₨ (539) | [10] | (3,768) | [10] | (141,015) | [10] | 539 | [9] | (144,783) | [10] | ||||||||||||||||||||||
Buyback of equity shares, including tax thereon, shares | shares | [10] | (269,662,921) | (269,662,921) | |||||||||||||||||||||||||||||||
Transaction cost related to buyback of equity shares | [10] | (390) | (390) | (390) | ||||||||||||||||||||||||||||||
Financial liability on written put options | [11] | (4,238) | (4,238) | [9] | (4,238) | |||||||||||||||||||||||||||||
Non-controlling interests on acquisition of subsidiary | [11] | 472 | 472 | |||||||||||||||||||||||||||||||
Dividend | (5,540) | [10] | (5,218) | [10] | (5,218) | [10] | (322) | |||||||||||||||||||||||||||
Others | 97 | 97 | ||||||||||||||||||||||||||||||||
Other transactions for the year | (148,778) | ₨ (526) | (398) | (140,480) | 752 | (4,674) | (3,699) | [9] | (149,025) | 247 | ||||||||||||||||||||||||
Other transactions for the year, shares | shares | [8] | (262,779,495) | (262,779,495) | |||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2024 | ₨ 751,223 | $ 9,014 | ₨ 10,450 | $ 125 | ₨ 3,291 | $ 39 | ₨ 630,936 | $ 7,571 | ₨ 6,384 | $ 77 | ₨ 42,129 | $ 506 | ₨ 47,261 | $ 567 | ₨ 578 | [7] | $ 7 | ₨ 8,854 | [9] | $ 106 | ₨ 749,883 | $ 8,998 | ₨ 1,340 | $ 16 | ||||||||||
Ending balance, shares at Mar. 31, 2024 | shares | [8] | 5,225,138,246 | 5,225,138,246 | |||||||||||||||||||||||||||||||
[1] Refer to Note 20 Includes 14,689,729 treasury shares held as at March 31, 2022 by a controlled trust. 4,711,486 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2022. Refer to Note 22 Refer to Note 20 (1) Includes 9,895,836 treasury shares held as at March 31, 2023 by a controlled trust. 4,793,893 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2023. Refer to Note 22 Refer to Note 19 Includes 5,952,740 treasury shares held as at March 31, 2024 by a controlled trust. 3,943,096 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2024. Refer to Note 20 Refer to Note 22 Refer to Note 7 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Equity (Parenthetical) - shares | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Shares transferred by the controlled trust to eligible employees on exercise of options | 3,943,096 | 4,793,893 | 4,711,486 |
Treasury shares [member] | |||
Number of shares in entity held by entity or by its subsidiaries or associates | 5,952,740 | 9,895,836 | 14,689,729 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows ₨ in Millions, $ in Millions | 12 Months Ended | |||||||
Mar. 31, 2024 USD ($) | Mar. 31, 2024 INR (₨) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |||||
Cash flows from operating activities: | ||||||||
Profit for the year | $ 1,333 | ₨ 111,121 | ₨ 113,665 | ₨ 122,329 | ||||
Adjustments to reconcile profit for the year to net cash generated from operating activities: | ||||||||
Gain on sale of property, plant and equipment, net | (25) | (2,072) | [1] | (89) | [1] | (313) | [1] | |
Depreciation, amortization and impairment expense | 410 | 34,071 | 33,402 | 30,911 | ||||
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings | 8 | 655 | 152 | (1,021) | ||||
Share-based compensation expense | 67 | 5,584 | 3,969 | 4,110 | ||||
Share of net (profit)/loss of associate and joint venture accounted for using equity method | 3 | 233 | 57 | (57) | ||||
Income tax expense | 433 | 36,089 | 33,992 | 28,946 | ||||
Finance and other income, net of finance expenses | (136) | (11,344) | (8,108) | (9,447) | ||||
(Gain)/loss from sale of business and investment accounted for using the equity method | 0 | 0 | 6 | (2,186) | ||||
Change in fair value of contingent consideration | (16) | (1,300) | (1,671) | (301) | ||||
Other non-cash items | 6 | 488 | 0 | 0 | ||||
Changes in operating assets and liabilities; net of effects from acquisitions | ||||||||
Trade receivables | 102 | 8,464 | (985) | (11,833) | ||||
Unbilled receivables and contract assets | 71 | 5,919 | 1,558 | (31,396) | ||||
Inventories | 3 | 287 | 162 | (256) | ||||
Other assets | 106 | 8,869 | 1,055 | (6,530) | ||||
Trade payables, accrued expenses, other liabilities and provisions | (5) | (435) | (9,824) | 9,695 | ||||
Contract liabilities | (61) | (5,053) | (6,522) | 3,832 | ||||
Cash generated from operating activities before taxes | 2,299 | 191,576 | 160,819 | 136,483 | ||||
Income taxes paid, net | (185) | (15,360) | (30,218) | (25,686) | ||||
Net cash generated from operating activities | 2,114 | 176,216 | 130,601 | 110,797 | ||||
Cash flows from investing activities: | ||||||||
Payment for purchase of property, plant and equipment | (126) | (10,510) | (14,834) | (20,153) | ||||
Proceeds from disposal of property, plant and equipment | 48 | 4,022 | 546 | 736 | ||||
Payment for purchase of investments | (11,700) | (975,069) | (806,632) | (1,015,486) | ||||
Proceeds from sale of investments | 11,742 | 978,598 | 740,885 | 953,735 | ||||
Proceeds from/(payment into) restricted interim dividend account | 0 | 0 | 27,410 | (27,410) | ||||
Payment for business acquisitions including deposits and escrow, net of cash acquired | (63) | (5,291) | (45,566) | (129,846) | ||||
Payment for investment in joint venture | (6) | (484) | 0 | 0 | ||||
Proceeds from sale of business, net of cash | 0 | 0 | 11 | 0 | ||||
Proceeds from sale of investment accounted for using the equity method | 0 | 0 | 0 | 1,652 | ||||
Proceeds from security deposit for property, plant and equipment | 4 | 300 | 0 | 0 | ||||
Interest received | 241 | 20,111 | 14,112 | 12,275 | ||||
Dividend received | [2] | 3 | 3 | 2 | ||||
Net cash generated from/(used in) investing activities | 140 | 11,680 | (84,065) | (224,495) | ||||
Cash flows from financing activities: | ||||||||
Proceeds from issuance of equity shares and shares pending allotment | [2] | 13 | 12 | 6 | ||||
Repayment of loans and borrowings | (1,566) | (130,557) | (168,910) | (191,810) | ||||
Proceeds from loans and borrowings | 1,446 | 120,500 | 161,034 | 260,120 | ||||
Payment of lease liabilities | (121) | (10,060) | (9,711) | (9,730) | ||||
Payment for buyback of equity shares, including tax and transaction cost | (1,742) | (145,173) | 0 | 0 | ||||
Payment for contingent consideration | (16) | (1,294) | (1,784) | (309) | ||||
Interest and finance expenses paid | (125) | (10,456) | (8,708) | (5,089) | ||||
Payment of dividend | (63) | (5,218) | (32,814) | (5,467) | ||||
Payment of dividend to Non-controlling interests holders | (4) | (322) | 0 | (1,135) | ||||
Net cash generated from/(used in) financing activities | (2,191) | (182,567) | (60,881) | 46,586 | ||||
Net increase/ (decrease) in cash and cash equivalents during the year | 64 | 5,329 | (14,345) | (67,112) | ||||
Effect of exchange rate changes on cash and cash equivalents | (3) | (239) | 2,373 | 1,282 | ||||
Cash and cash equivalents at the beginning of the year | 1,102 | 91,861 | 103,833 | 169,663 | ||||
Cash and cash equivalents at the end of the year (Refer to Note 11) | $ 1,163 | ₨ 96,951 | ₨ 91,861 | ₨ 103,833 | ||||
[1] (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ ( 2,357 ). Value is less than 1 |
Insider Trading Policies and Pr
Insider Trading Policies and Procedures | 12 Months Ended |
Mar. 31, 2024 | |
Insider Trading Policies and Procedures [Line Items] | |
Insider Trading Policies and Procedures Adopted | true |
The Company overview
The Company overview | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
The Company overview | 1. The Company overview Wipro Limited (“ Wipro ” or the “ Parent Company ”), together with its subsidiaries and controlled trusts (collectively, “ we ”, “ us ”, “ our ”, “ the Company ” or the “ Group ”) is a global information technology (“ IT ”), consulting and business process services (“ BPS ”) company. Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bengaluru – 560 035, Karnataka, India. The Company has its primary listing with BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depository Shares (“ ADS ”) representing equity shares are also listed on the New York Stock Exchange. The Company’s Board of Directors authorized these consolidated financial statements for issue on May 22, 2024. |
Basis of preparation of consoli
Basis of preparation of consolidated financial statements | 12 Months Ended |
Mar. 31, 2024 | |
Foreign exchange rates [abstract] | |
Basis of preparation of consolidated financial statements | 2. Basis of preparation of consolidated financial statements (i) Statement of compliance and basis of preparation The consolidated financial statements have been prepared in compliance with International Financial Reporting Standards and its interpretations (“ IFRS ”), as issued by the International Accounting Standards Board (“ IASB ”). All accounting policies have been applied consistently to all periods presented in these consolidated financial statements, except for new accounting standards adopted by the Company. The consolidated financial statements correspond to the classification provisions contained in IAS 1 (revised), “ Presentation of Financial Statements” . For clarity, various items are aggregated in the consolidated statement of income, consolidated statement of comprehensive income and consolidated statement of financial position. These items are disaggregated separately in the notes to the consolidated financial statements, where applicable. All amounts included in the consolidated financial statements are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise stated. Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages may not precisely reflect the absolute figures. Previous year figures have been regrouped/rearranged, wherever necessary. (ii) Basis of measurement The consolidated financial statements have been prepared on a historical cost convention and on an accrual basis, except for the following material items which have been measured at fair value as required by relevant IFRS: a. Derivative financial instruments; b. Financial instruments classified as fair value through other comprehensive income or fair value through profit or loss; c. The defined benefit liability/(asset) is recognized as the present value of defined benefit obligation less fair value of plan assets; and d. Contingent consideration and liability on written put options. (iii) Convenience translation (unaudited) The accompanying consolidated financial statements have been prepared and reported in Indian rupees, the functional currency of the Parent Company. Solely for the convenience of the readers, the consolidated financial statements as at and for the year ended March 31, 2024, have been translated into United States dollars at the certified foreign exchange rate of $1 = ₹ 83.34 as published by Federal Reserve Board of Governors on March 31, 2024. No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate. Due to rounding off, the translated numbers presented throughout the document may not add up precisely to the totals. (iv) Use of estimates and judgment The preparation of the consolidated financial statements in conformity with IFRS requires the management to make judgments, accounting estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Accounting estimates are monetary amounts in the consolidated financial statements that are subject to measurement uncertainty. An accounting policy may require items in consolidated financial statements to be measured at monetary amounts that cannot be observed directly and must instead be estimated. In such a case, management develops an accounting estimate to achieve the objective set out by the accounting policy. Developing accounting estimates involves the use of judgments or assumptions based on the latest available and reliable information. Actual results may differ from those accounting estimates. Accounting estimates and underlying assumptions are reviewed on an ongoing basis. Changes to accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. In particular, information about material areas of estimation, uncertainty and critical judgments in applying accounting policies that have the material effect on the amounts recognized in the consolidated financial statements are included in the following notes: a) Revenue recognition : The Company applies judgment to determine whether each product or service promised to a customer is capable of being distinct, and is distinct in the context of the contract, if not, the promised product or service is combined and accounted as a single performance obligation. The Company allocates the Transaction Price (as defined below in Note 3(xiv)) to separately identifiable performance obligation deliverables based on their relative stand-alone selling price. In cases where the Company is unable to determine the stand-alone selling price, the Company uses expected cost-plus margin approach in estimating the stand-alone selling price. The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed-price contracts. Percentage of completion method accounting relies on estimates of total expected contract revenue and costs. This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to complete include estimates of future labor costs and productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, revenue recognized, profit and timing of revenue for remaining performance obligations are subject to revisions as the contract progresses to completion. When estimates indicate that a loss will be incurred, the loss is provided for in the period in which the loss becomes probable. Volume discounts are recorded as a reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer. b) Impairment testing : Goodwill recognized on business combination is tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of goodwill or a cash generating unit to which goodwill pertains, is less than the carrying value. The Company assesses acquired intangible assets with finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of an asset or a cash generating unit involves use of significant estimates and assumptions which include turnover, growth rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions. c) Income taxes : The major tax jurisdictions for the Company are India and the United States of America. Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be resolved over extended time periods. Deferred tax is recorded on temporary differences between the tax bases of assets and liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carry-forwards become deductible. The Company considers expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of deferred tax assets considered realizable, however, could reduce in the near term if estimates of future taxable income during the carry-forward period are reduced. d) Business combinations : In accounting for business combinations, judgment is required to assess whether an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired (including useful life estimates), liabilities assumed, and contingent consideration assumed involves management judgment. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. Changes in these judgments, estimates, and assumptions can materially affect the results of operations. e) Defined benefit plans and compensated absences : The cost of the defined benefit plans, compensated absences and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date. f) Expected credit losses on financial assets: The impairment provisions of financial assets are based on assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the expected credit loss calculation based on the Company’s history of collections, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period. g) Useful lives of property, plant and equipment : The Company depreciates property, plant and equipment on a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least annually. h) Useful lives of intangible assets : The Company amortizes intangible assets on a straight-line basis over estimated useful lives of the assets. The useful life is estimated based on a number of factors including the effects of obsolescence, demand, competition and other economic factors such as the stability of the industry and known technological advances and the level of maintenance expenditures required to obtain the expected future cash flows from the assets. The estimated useful life is reviewed at least annually. i) Provisions and contingent liabilities: The Company estimates the provisions that have present obligations as a result of past events and it is probable that outflow of resources will be required to settle the obligations. These provisions are reviewed at the end of each reporting date and are adjusted to reflect the current best estimates. The Company uses significant judgment to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent assets are neither recognized nor disclosed in the financial statements. |
Material accounting policy info
Material accounting policy information | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Material accounting policy information | 3. Material accounting policy information (i) Basis of consolidation Subsidiaries and controlled trusts The Company determines the basis of control in line with the requirements of IFRS 10, Consolidated Financial Statements . Subsidiaries and controlled trusts are entities controlled by the Group. The Group controls an entity when the parent has power over the entity, it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries and controlled trusts are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and all intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. Non-controlling interests Non-controlling interests in the net assets (excluding goodwill) of consolidated subsidiaries are identified separately from the Company’s equity. The interest of non-controlling shareholders may be initially measured either at fair value or at the non-controlling interest’s proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition to acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interest’s share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if it results in the non-controlling interests having a deficit balance. Liability for written put options to non-controlling interests At initial recognition, the liability for put options issued to non-controlling interests, to be settled in cash by the Company, which do not grant present access to ownership interest to the Company is recognized as financial liability at present value of the redemption amount with a corresponding debit in other reserves within equity. Investments accounted for using the equity method Investments accounted for using the equity method are entities in respect of which, the Company has significant influence, but not control, over the financial and operating policies. Generally, a company has a significant influence if it holds between 20 and 50 percent of the voting power of another entity. Investments in such entities are accounted for using the equity method and are initially recognized at cost. The carrying amount of investment is increased/ decreased to recognize investors share of profit or loss of the investee after the acquisition date. (ii) Functional and presentation currency Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which these entities operate (i.e. the “functional currency”). These consolidated financial statements are presented in Indian rupees, which is the functional currency of the Parent Company. (iii) Foreign currency transactions and translation a) Transactions and balances Transactions in foreign currency are translated into the respective functional currencies using the exchange rates prevailing at the date of the transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from translation at the exchange rates prevailing at the reporting date of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net, within results of operating activities except when deferred in other comprehensive income as qualifying cash flow hedges and qualifying net investment hedges. Net loss relating to translation or settlement of borrowings denominated in foreign currency are reported within finance expense. Net gain relating to translation or settlement of borrowings denominated in foreign currency are reported within finance and other income. Non-monetary assets and liabilities denominated in foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. Translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments measured at fair value through other comprehensive income are included in other comprehensive income, net of taxes. b) Foreign operations For the purpose of presenting consolidated financial statements, the assets and liabilities of the Company’s foreign operations that have a functional currency other than Indian rupees are translated into Indian rupees using exchange rates prevailing at the reporting date. Income and expense items are translated at the average exchange rates for the period. Exchange differences arising, if any, are recognized in other comprehensive income and held in foreign currency translation reserve (" FCTR" ), a component of equity, except to the extent that the translation difference is allocated to non-controlling interest. When a foreign operation is disposed of, the relevant amount recognized in FCTR is transferred to the consolidated statement of income as part of the profit or loss on disposal. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the exchange rate prevailing at the reporting date. c) Others Foreign currency differences arising on the translation or settlement of a financial liability designated as a hedge of a net investment in a foreign operation are recognized in other comprehensive income and presented within equity in the FCTR to the extent the hedge is effective. To the extent the hedge is ineffective, such differences are recognized in the consolidated statement of income. When the hedged part of a net investment is disposed of, the relevant amount recognized in FCTR is transferred to the consolidated statement of income as part of the profit or loss on disposal. Foreign currency differences arising from translation of intercompany receivables or payables relating to foreign operations, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of net investment in foreign operation and are recognized in FCTR. (iv) Financial instruments A) Non-derivative financial instruments: Non-derivative financial instruments consist of: • financial assets which include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances, investments in equity and debt securities and eligible current and non-current assets. • financial liabilities which include long and short-term loans and borrowings, bank overdrafts, trade payables and accrued expenses, lease liabilities and eligible current and non-current liabilities. Non-derivative financial instruments other than trade receivables and unbilled receivables are recognized initially at fair value. Trade receivables and unbilled receivables that do not contain a significant financing component are measured at the Transaction Price. Subsequent to initial recognition, non-derivative financial instruments are measured as described below: a. Cash and cash equivalents The Company’s cash and cash equivalents consist of cash on hand and in banks and demand deposits with banks, which can be withdrawn at any time, without prior notice or penalty on the principal. For the purposes of the consolidated statement of cash flows, cash and cash equivalents include cash on hand, in banks and demand deposits with banks, net of outstanding bank overdrafts that are repayable on demand and are considered part of the Company’s cash management system. In the consolidated statement of financial position, bank overdrafts are presented under loans and borrowings within current financial liabilities. b. Investments Financial instruments measured at amortized cost: Debt instruments that meet the following criteria are measured at amortized cost (except for debt instruments that are designated at fair value through Profit or Loss on initial recognition): • the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and • the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding. Financial instruments measured at fair value through other comprehensive income (" FVTOCI "): Debt instruments that meet the following criteria are measured at FVTOCI (except for debt instruments that are designated at fair value through Profit or Loss on initial recognition): • the asset is held within a business model whose objective is achieved both by collecting contractual cash flows and selling the financial asset; and • the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding. Interest income is recognized in the consolidated statement of income for FVTOCI debt instruments. Other changes in fair value of FVTOCI financial assets are recognized in other comprehensive income. When the investment is disposed of, the cumulative gain or loss previously accumulated in reserves is transferred to the consolidated statement of income. Financial instruments measured at fair value through profit or loss (" FVTPL "): Instruments that do not meet the amortized cost or FVTOCI criteria are measured at FVTPL. Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized in the consolidated statement of income. The gain or loss on disposal is recognized in the consolidated statement of income. Interest income is recognized in the consolidated statement of income for FVTPL debt instruments. Dividends on financial assets at FVTPL is recognized when the Company's right to receive dividends is established. Investments in equity instruments: The Company carries certain equity instruments which are not held for trading. At initial recognition, the Company may make an irrevocable election to present subsequent changes in the fair value of an investment in an equity instrument in other comprehensive income (FVTOCI) or through statement of income (FVTPL). For investments designated to be classified as FVTOCI, movements in fair value of investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of investments. For investments designated to be classified as FVTPL, both movements in fair value of investments and gain or loss on disposal of investments are recognized in the consolidated statement of income. Dividends from these investments are recognized in the consolidated statement of income when the Company’s right to receive dividends is established. c. Other financial assets: Other financial assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. These comprise trade receivables, unbilled receivables, finance lease receivables, employee and other advances and eligible current and non-current assets. They are presented as current assets, except for those expected to be realized later than twelve months after the reporting date which are presented as non-current assets. All financial assets are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less any impairment losses. However, trade receivables and unbilled receivables that do not contain a significant financing component are measured at the Transaction Price. d. Trade payables, accrued expenses, and other liabilities Trade payables, accrued expenses, and other liabilities are initially recognized at transaction price, and subsequently carried at amortized cost using the effective interest method. For these financial instruments, the carrying amounts approximate fair value due to the short-term maturity of these instruments. Contingent consideration recognized in a business combination is initially recognized at fair value and subsequently measured at fair value through profit or loss. B) Derivative financial instruments The Company is exposed to foreign currency fluctuations on foreign currency assets, liabilities, net investment in foreign operations and forecasted cash flows denominated in foreign currency. The Company limits the effect of foreign exchange rate fluctuations by following established risk management policies including the use of derivatives. The Company enters into derivative financial instruments where the counterparty is primarily a bank. Derivative financial instruments are recognized and measured at fair value. Attributable transaction costs are recognized in the consolidated statement of income as cost. Subsequent to initial recognition, derivative financial instruments are measured as described below: a. Cash flow hedges Changes in the fair value of the derivative hedging instruments designated as a cash flow hedge are recognized in other comprehensive income and held in cash flow hedging reserve, net of taxes, a component of equity, to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net, within results from operating activities. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the consolidated statement of income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, such cumulative balance is immediately recognized in the consolidated statement of income. b. Hedges of net investment in foreign operations The Company designates derivative financial instruments as hedges of net investments in foreign operations. The Company also designates foreign currency denominated borrowing as a hedge of net investment in foreign operations. Changes in the fair value of the derivative hedging instruments and gains/(losses) on translation or settlement of foreign currency denominated borrowings designated as a hedge of net investment in foreign operations are recognized in other comprehensive income and presented within equity in the FCTR to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net within results from operating activities. c. Others Changes in fair value of foreign currency derivative instruments neither designated as cash flow hedges nor hedges of net investment in foreign operations are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net within results from operating activities. Changes in fair value and gains/(losses), net, on settlement of foreign currency derivative instruments relating to borrowings, which have not been designated as hedges are recorded in finance expenses. C) Derecognition of financial instruments The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9. If the Company retains substantially all the risks and rewards of a transferred financial asset, the Company continues to recognize the financial asset and recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the Company’s statement of financial position when the obligation specified in the contract is discharged or cancelled or expires. (v) Equity and share capital a) Share capital and Share premium The authorized share capital of the Company as at March 31, 2024 is ₹ 25,274 divided into 12,504,500,000 equity shares of ₹ 2 each, 25,000,000 preference shares of ₹ 10 each and 150,000 10% optionally convertible cumulative preference shares of ₹ 100 each. Par value of the equity shares is recorded as share capital and the amount received in excess of par value is classified as share premium. Every holder of the equity shares, as reflected in the records of the Company, as at the date of the shareholder meeting shall have one vote in respect of each share held for all matters submitted to vote in the shareholder meeting. b) Shares held by controlled trust (Treasury shares) The Company’s equity shares held by the controlled trust, which is consolidated as part of the Group are classified as Treasury shares. Treasury shares are recorded at acquisition cost. Reconciliation of the number of treasury shares held by controlled trust is as follows: As at March 31, 2022 2023 2024 No. of shares No. of shares No. of shares Opening number of equity shares 19,401,215 14,689,729 9,895,836 Less: Transferred to eligible employees on exercise of options ( 4,711,486 ) ( 4,793,893 ) ( 3,943,096 ) Closing number of equity shares 14,689,729 9,895,836 5,952,740 c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. This includes Capital reserve as at March 31, 2022, 2023 and 2024 amounting to ₹ 1,139 , ₹ 1,139 and ₹ 1,139 respectively, which is not freely available for distribution. d) Special Economic Zone re-investment reserve The Special Economic Zone re-investment reserve has been created out of profit of eligible SEZ units as per provisions of section 10AA(1)(ii) of the Income–tax Act, 1961 for acquiring new plant and machinery. The said reserve should be utilized by the Company for acquiring plant and machinery as per the terms of Section 10AA(2) of the Income-tax Act, 1961. This reserve is not freely available for distribution. e) Share-based payment reserve The share-based payment reserve is used to record the value of equity-settled share-based payment transactions with employees. The amounts recorded in share-based payment reserve are transferred to share premium upon exercise of stock options and restricted stock unit options by employees. f) Foreign currency translation reserve The exchange differences arising from the translation of financial statements of foreign subsidiaries, differences arising from translation of long-term inter-company receivables or payables relating to foreign operations, settlement of which is neither planned nor likely in the foreseeable future, changes in fair value of the derivative hedging instruments and gains/losses on translation or settlement of foreign currency denominated borrowings designated as hedge of net investment in foreign operations are recognized in other comprehensive income, net of taxes and presented within equity in the FCTR. g) Cash flow hedging reserve Changes in fair value of derivative hedging instruments designated and effective as a cash flow hedge are recognized in other comprehensive income, net of taxes and presented within equity as cash flow hedging reserve. h) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on remeasurements of the defined benefit plans are recognized in other comprehensive income, net of taxes and presented within equity in other reserves. Other reserves also include Capital redemption reserve, which is not freely available for distribution. As per the Companies Act, 2013, Capital redemption reserve is created when a company purchases its own shares out of free reserves or share premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve. The reserve can be utilized in accordance with the provisions of section 69 of the Companies Act, 2013. As at March 31, 2022, 2023 and 2024, Capital redemption reserve amounting to ₹ 1,122 , ₹ 1,122 and ₹ 1,661 respectively is not freely available for distribution. i) Dividend A final dividend on common stock is recorded as a liability on the date of approval by the shareholders. An interim dividend is recorded as a liability on the date of declaration by the board of directors. j) Buyback of equity shares The buyback of equity shares, including tax thereon and related transaction costs are recorded as a reduction of share premium and retained earnings. Further, capital redemption reserve is created as an apportionment from retained earnings. k) Bonus issue For the purpose of bonus issue, the amount is transferred from capital redemption reserves, share premium and retained earnings to the share capital. (vi) Property, plant and equipment a) Recognition, measurement and de-recognition Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, if any. Cost includes expenditures directly attributable to the acquisition of the asset. General and specific borrowing costs directly attributable to the construction of a qualifying asset are capitalized as part of the cost till all the activities necessary to prepare the qualifying asset for its intended use or sale are substantially completed. The cost and related accumulated depreciation are derecognized upon sale or disposition of the asset and the resultant gains or losses are recognized in the consolidated statement of income. Capital work-in-progress are measured at cost less accumulated impairment losses, if any. b) Depreciation The Company depreciates property, plant and equipment over the estimated useful life on a straight-line basis from the date the assets are available for use. Leasehold improvements are amortized over the shorter of estimated useful life of the asset or the related lease term. Term licenses are amortized over their respective contract term. Freehold land is not depreciated. The estimated useful life of assets is reviewed and where appropriate are adjusted, annually. The estimated useful lives of assets are as follows: Category Useful life Buildings 28 to 40 years Plant and equipment 5 to 21 years Computer equipment and software 2 to 7 years Furniture, fixtures and equipment 3 to 10 years Vehicles 4 to 5 years When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. Subsequent expenditure relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. Deposits and advances paid towards the acquisition of property, plant and equipment outstanding as at each reporting date and the cost of property, plant and equipment not available for use before such date are disclosed under capital work-in-progress. (vii) Business combinations, Goodwill, and Intangible assets a) Business combinations Business combinations are accounted for using the purchase (acquisition) method. The cost of an acquisition is measured as the fair value of the assets transferred, liabilities incurred or assumed, and equity instruments issued at the date of exchange by the Company. Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are measured initially at fair value at the date of acquisition. Transaction costs incurred in connection with a business acquisition are expensed as incurred. The cost of an acquisition also includes the fair value of any contingent consideration measured as at the date of acquisition. Any subsequent changes to the fair value of contingent consideration classified as liabilities, other than measurement period adjustments, are recognized in the consolidated statement of income. b) Goodwill The excess of the cost of an acquisition over the Company’s share in the fair value of the acquiree’s identifiable assets and liabilities is recognized as goodwill. If the excess is negative, a bargain purchase gain is recognized immediately in the consolidated statement of income. Goodwill is measured at cost less accumulated impairment (if any). Goodwill associated with disposal of an operation that is part of cash-generating unit is measured based on the relative values of the operation disposed of and the portion of the cash-generating unit retained, unless some other method better reflects the goodwill associated with the operation disposed of. c) Intangible assets Intangible assets acquired separately are measured at cost of acquisition. Intangible assets acquired in a business combination are measured at fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less accumulated amortization and impairment losses, if any. The amortization of an intangible asset with a finite useful life reflects the manner in which the economic benefit is expected to be generated and is included in selling and marketing expenses in the consolidated statement of income. The estimated useful life of amortizable intangibles is reviewed and where appropriate is adjusted, annually. The estimated useful lives of the amortizable intangible assets are as follows: Category Useful life Customer-related intangibles 1 to 10 years Marketing-related intangibles 2.5 to 10 years Customer-related intangibles includes customer contracts and customer relationships acquired as a part of Business combinations. Marketing-related intangibles includes vendor relationships and brand acquired as a part of Business combinations. (viii) Leases The Company evaluates each contract or arrangement, whether it qualifies as lease as defined under IFRS 16. The Company as a lessee The Company enters into an arrangement for lease of land, buildings, plant and equipment including computer equipment and vehicles. Such arrangements are generally for a fixed period but may have extension or termination options. The Company assesses, whether the contract is, or contains, a lease, at its inception. A contract is, or contains, a lease if the contract conveys the right to – (a) control use of an identified asset, (b) obtain substantially all the economic benefits from use of the identified asset, and (c) direct the use of the identified asset. The Company determines the lease term as the non-cancellable period of a lease, together with periods covered by an option to extend the lease, where the Company is reasonably certain to exercise that option. The Company makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. At the commencement of the lease, the Company recognizes a Right of Use (“ RoU ”) asset at cost and corresponding lease liability, except for leases with term of less than twelve months (short-term leases) and low-value assets. For these short-term and low-value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the lease term. The cost of the RoU assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the RoU assets are measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The RoU assets are depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of RoU assets. The estimated useful lives of RoU assets are determined on the same basis as those of property, plant and equipment. The Company applies IAS 36 to determine whether a RoU asset is impaired and accounts for any identified impairment loss as described in the impairment of non-financial assets below. For lease liabilities at the commencement of the lease, the Company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are discounted using the incremental borrowing rate that the Company would have to pay to borrow funds, including the consideration of factors such as the nature of the asset and location, collateral, market terms and conditions, as applicable in a similar economic environment. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring the carrying amount to reflect any lease modifications. The Company recognizes the amount of the re-measurement of lease liability due to modification as an adjustment to the RoU asset or in consolidated statement of income, depending upon the nature of modification. Where the carrying amount of the RoU asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the Company recognizes any remaining amount of the re-measurement in the consolidated statement of income. Payment of lease liabilities are classified as cash used in financing activities in the consolidated statement of cash flows. The Company as a lessor Leases under which the Company is a lessor are classified as a finance or operating lease. Lease contracts where all the risks and rewards are substantially transferred to the lessee are classified as a finance lease. All other leases are classified as operating lease. For leases under which the Company is an intermediate lessor, the Company accounts for the head-lease and the sub-lease as two separate contracts. The sub-lease is further classified either as a finance lease or an operating lease by reference to the RoU asset arising from the head-lease. (ix) Inventories Inventories are valued at lower of cost and net realizable value, including necessary provision for obsolescence. Cost is determined using the weighted average method. (x) Impairment a) Financial assets The Company applies the expected credit loss model for recognizing impairment loss on financial assets measured at amortized cost, debt instruments classified as FVTOCI, trade receivables, unbilled receivables, contract assets, finance lease receivables, and other financial assets. Expected credit loss is the difference between the contractual cash flows and the cash flows that the entity expects to receive, discounted using the effective interest rate. Loss allowances for trade receivables, unbilled receivables, contract assets and finance lease receivables are measured at an amount equal to lifetime expected credit loss. Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of a financial instrument. Lifetime expected credit loss is computed based on a provision matrix which takes in to account, risk profiling of customers and historical credit loss experience adjusted for forward looking information. For other financial assets, expected credit loss is measured at the amount equal to twelve months expected credit loss unless there has been a significant increase in credit risk from initial recognition, in which case those are measured at lifetime expected credit loss. b) Non-financial assets The Company assesses long-lived assets such as property, plant and equipment, RoU assets and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable. If a |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Property, plant and equipment | 4. Property, plant and equipment Land Buildings Plant and equipment (1) Furniture and fixtures Office Vehicles Total Gross carrying value: As at April 1, 2022 ₹ 4,813 ₹ 40,686 ₹ 123,471 ₹ 15,386 ₹ 7,259 ₹ 317 ₹ 191,932 Additions 40 7,269 12,191 3,917 964 7 24,388 Additions through Business combinations (Refer to Note 7) - 7 357 6 ^ 3 373 Disposals ( 3 ) ( 435 ) ( 20,016 ) ( 1,325 ) ( 474 ) ( 168 ) ( 22,421 ) Translation adjustment 10 173 1,729 102 69 2 2,085 As at March 31, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357 Accumulated depreciation/ impairment: As at April 1, 2022 ₹ - ₹ 10,003 ₹ 90,465 ₹ 10,814 ₹ 5,743 ₹ 297 ₹ 117,322 Depreciation and impairment - 1,217 13,305 1,794 600 10 16,926 Disposals - ( 395 ) ( 19,655 ) ( 1,158 ) ( 463 ) ( 163 ) ( 21,834 ) Translation adjustment - 102 1,386 70 48 1 1,607 As at March 31, 2023 ₹ - ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021 Capital work-in-progress ₹ 6,323 Net carrying value including Capital work-in-progress as at March 31, 2023 ₹ 88,659 Gross carrying value: As at April 1, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357 Additions - 428 6,975 1,716 354 3 9,476 Additions through Business combination (Refer to Note 7) - - 373 - 1 - 374 Disposals ( 486 ) ( 1,174 ) ( 22,815 ) ( 1,586 ) ( 663 ) ( 131 ) ( 26,855 ) Translation adjustment 1 70 248 17 4 1 341 As at March 31, 2024 ₹ 4,375 ₹ 47,024 ₹ 102,513 ₹ 18,233 ₹ 7,514 ₹ 34 ₹ 179,693 Accumulated depreciation/ impairment: As at April 1, 2023 ₹ - ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021 Depreciation and impairment - 1,490 11,856 2,193 638 7 16,184 Disposals - ( 683 ) ( 22,019 ) ( 1,444 ) ( 639 ) ( 130 ) ( 24,915 ) Translation adjustment - 41 211 18 5 ^ 275 As at March 31, 2024 ₹ - ₹ 11,775 ₹ 75,549 ₹ 12,287 ₹ 5,932 ₹ 22 ₹ 105,565 Capital work-in-progress ₹ 7,480 Net carrying value including Capital work-in-progress as at March 31, 2024 ₹ 81,608 ^ Value is less than 1 (1) Including net carrying value of computer equipment and software amounting to ₹ 22,425 and ₹ 17,553 , as at March 31, 2023 and 2024, respectively. |
Right-of-Use asset
Right-of-Use asset | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure of Right of use assets [Abstract] | |
Right-of-Use asset | 5. Right-of-Use asset Category of Right-of-Use asset Land Buildings Plant and equipment (1) Vehicles Total Gross carrying value: As at April 1, 2022 ₹ 1,278 ₹ 25,993 ₹ 2,511 ₹ 904 ₹ 30,686 Additions - 6,015 1,109 236 7,360 Additions through Business combinations (Refer to Note 7) - 201 - - 201 Disposals - ( 5,085 ) ( 1,160 ) ( 317 ) ( 6,562 ) Translation adjustment - 822 120 42 984 As at March 31, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669 Accumulated depreciation: As at April 1, 2022 ₹ 58 ₹ 9,676 ₹ 1,512 ₹ 570 ₹ 11,816 Depreciation 19 5,651 614 238 6,522 Disposals - ( 3,564 ) ( 1,003 ) ( 263 ) ( 4,830 ) Translation adjustment - 364 69 26 459 As at March 31, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967 Net carrying value as at March 31, 2023 ₹ 18,702 Gross carrying value: As at April 1, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669 Additions 65 6,505 264 251 7,085 Additions through Business combination (Refer to Note 7) - 33 - - 33 Disposals - ( 6,203 ) ( 636 ) ( 271 ) ( 7,110 ) Translation adjustment - 172 34 4 210 As at March 31, 2024 ₹ 1,343 ₹ 28,453 ₹ 2,242 ₹ 849 ₹ 32,887 Accumulated depreciation: As at April 1, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967 Depreciation 21 5,485 444 181 6,131 Disposals - ( 4,439 ) ( 561 ) ( 244 ) ( 5,244 ) Translation adjustment - 64 11 3 78 As at March 31, 2024 ₹ 98 ₹ 13,237 ₹ 1,086 ₹ 511 ₹ 14,932 Net carrying value as at March 31, 2024 ₹ 17,955 (1) Including net carrying value of computer equipme nt amounting to ₹ 4 and ₹ 2 , as at March 31, 2023 and 2024, respectively. The Company recognized the following expenses in the consolidated statement of income: Year ended March 31, 2022 2023 2024 Interest expenses on lease liabilities ₹ 894 ₹ 1,176 ₹ 1,334 Rent expense recognized under facility expenses pertaining to: Leases of low-value assets 150 261 245 Leases with less than twelve months of lease term 2,392 2,732 3,257 ₹ 3,436 ₹ 4,169 ₹ 4,836 Payments toward leases of low-value assets and leases with less than twelve months of lease term, are disclosed under operating activities in the consolidated statement of cash flows. All other lease payments during the period are disclosed under financing activities in the consolidated statement of cash flows. Income from subleasing RoU assets is not material. The Company is committed to certain leases amounting to ₹ 6,999 which have not commenced as of March 31, 2024. The term of such leases ranges from 5 to 10 years. Refer to Note 19 for remaining contractual maturities of lease liabilities. |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Goodwill and intangible assets | 6. Goodwill and intangible assets The movement in goodwill balance is given below: Year ended March 31, 2023 2024 Balance at the beginning of the year ₹ 246,989 ₹ 307,970 Translation adjustment 20,335 4,206 Acquisition through Business combinations (1) (Refer to Note 7) 40,687 4,314 Disposals ( 41 ) ( 488 ) Balance at the end of the year ₹ 307,970 ₹ 316,002 (1) Acquisition through business combinations for the years ended March 31, 2023 and 2024 is after considering the impact of ₹ 57 and ₹ ( 503 ) towards measurement period changes in the purchase price allocation of acquisitions made during the year ended March 31, 2022 and 2023, respectively. The Company is organized by two operating segments: IT Services and IT Products (Refer to Note 34). Goodwill as at March 31, 2023 and 2024 has been allocated to the IT Services operating segment. Goodwill recognized on business combinations is allocated to Cash Generating Units (CGUs), within the IT Services operating segment, which are expected to benefit from the synergies of the acquisitions. Year ended March 31, CGUs 2023 2024 Americas 1 ₹ 103,583 ₹ 104,310 Americas 2 98,081 104,134 Europe 78,459 79,596 Asia Pacific, Middle East and Africa 27,847 27,962 ₹ 307,970 ₹ 316,002 For impairment testing, goodwill is allocated to a CGU representing the lowest level within the Group at which goodwill is monitored for internal management purposes, and which is not higher than the Company’s operating segment. Goodwill is tested for impairment at least annually in accordance with the Company’s procedure for determining the recoverable value of each CGU. The recoverable amount of the CGU is determined based on FVLCD. The FVLCD of the CGU is determined based on the market capitalization approach, using the turnover and earnings multiples derived from observable market data. The fair value measurement is categorized as a level 2 fair value based on the inputs in the valuation techniques used. Based on the above testing, no impairment was identified as at March 31, 2023 and 2024, as the recoverable value of the CGUs exceeded the carrying value. A sensitivity analysis to the change in the key parameters (turnover and earnings multiples) did not identify any probable scenarios where the CGU’s recoverable amount would fall below its carrying amount. The movement in intangible assets is given below: Intangible assets Customer-related Marketing-related Total Gross carrying value: As at April 1, 2022 ₹ 43,366 ₹ 11,428 ₹ 54,794 Acquisition through Business combinations (Refer to Note 7) 5,602 482 6,084 Deductions/adjustments (1) ( 2,555 ) ( 862 ) ( 3,417 ) Translation adjustment 3,400 876 4,276 As at March 31, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737 Accumulated amortization/ impairment: As at April 1, 2022 ₹ 9,483 ₹ 1,756 ₹ 11,239 Amortization and impairment (2) 7,718 2,236 9,954 Deductions/adjustments ( 2,519 ) ( 862 ) ( 3,381 ) Translation adjustment 735 145 880 As at March 31, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692 Net carrying value as at March 31, 2023 ₹ 34,396 ₹ 8,649 ₹ 43,045 Gross carrying value: As at April 1, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737 Acquisition through business combinations (Refer to Note 7) 556 390 946 Deductions/adjustments ( 7,306 ) ( 505 ) ( 7,811 ) Translation adjustment 609 163 772 As at March 31, 2024 ₹ 43,672 ₹ 11,972 ₹ 55,644 Accumulated amortization/ impairment: As at April 1, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692 Amortization and impairment (2)(3) 9,961 1,795 11,756 Deductions/adjustments ( 7,306 ) ( 505 ) ( 7,811 ) Translation adjustment 209 50 259 As at March 31, 2024 ₹ 18,281 ₹ 4,615 ₹ 22,896 Net carrying value as at March 31, 2024 ₹ 25,391 ₹ 7,357 ₹ 32,748 (1) Includes ₹ 36 towards measurement period adjustment in customer-related intangible in an acquisition completed during the year ended March 31, 2022. (2) During the year ended March 31, 2023 and 2024, a decline in the revenue and earnings estimates led to a revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge ₹ 1,816 and ₹ 1,701 for the year ended March 31, 2023 and 2024, respectively, as part of amortization and impairment. (3) Due to change in estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ 2,807 for the year ended March 31, 2024, as part of amortization and impairment. As at March 31, 2024, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Net carrying value Estimated remaining amortization period Capco - customer-related intangible ₹ 18,380 6.08 years Capco - marketing-related intangible 6,415 7.08 years Rizing 2,267 0.64 - 3.64 years Vara Infotech Private Limited 1,013 2.5 - 5.5 years Aggne 914 2.87 - 3.87 years Rational Interaction, Inc. 909 2.89 years Eximius Design, LLC 791 3.40 years Convergence Acceleration Solutions, LLC 766 4.03 years Edgile, LLC 731 3.75 years Ampion Holdings Pty Ltd 504 0.35 - 3.35 years Others 58 0.24 - 0.50 years Total ₹ 32,748 |
Business combinations
Business combinations | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure of detailed information about business combination [abstract] | |
Business combinations | 7. Business combinations Summary of acquisitions during the year ended March 31, 2022: During the year ended March 31, 2022, the Company has completed four business combinations by acquiring 100 % equity interest in: (a) Capco and its subsidiaries (“Capco”) , a global management and technology consultancy company providing digital, consulting and technology services to financial institutions in the Americas, Europe and Asia Pacific. This acquisition makes the Company one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry. By combining our capabilities in strategic design, digital transformation, cloud, cybersecurity, IT and operations services with Capco’s domain and consulting strength, our SMUs will be able to provide our clients the access to a partner who can deliver integrated, bespoke solutions to help fuel growth and achieve their transformation objectives. The acquisition was consummated on April 29, 2021 for total cash consideration of ₹ 109,530 . (b) Ampion Holdings Pty Ltd and its subsidiaries (“Ampion”) , an Australia-based provider of cyber security, DevOps and quality engineering services. This acquisition is an important step in the direction of our new operating model which emphasizes strategic investments in focus geographies, proximity to customers, agility, scale and localization. It reinstates the commitment towards clients and stakeholders in Australia and New Zealand, under our APMEA SMU. Further, Ampion’s product and services combined with ours and powered by engineering transformation, DevOps and security consulting services will bring scale and market agility to respond to the growing demands of customers. The acquisition was consummated on August 6, 2021 for total cash consideration of ₹ 9,102 . (c) Edgile, LLC (“Edgile”) , a US-based transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. This acquisition helps address the fast-growing demand for transformational cybersecurity consulting among Global 2000 enterprises. Together, Wipro and Edgile will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, we will enable organizations to accelerate their digital transformation and operate in virtual and digital supply chains. The acquisition was consummated on December 31, 2021 for total consideration (upfront cash payout to acquire control and contingent consideration) of ₹ 17,176 . (d) LeanSwift Solutions Inc. and its subsidiaries (“LeanSwift”) , a system integrator of Infor products for customers across the Americas and Europe. This acquisition aligns with our strategic investments in cloud transformation. The combined entity will provide Wipro an edge in key transformation deals, especially in the manufacturing and distribution sectors, by combining LeanSwift’s expertise in the Infor CloudSuites with our broader cloud-native digital capabilities. The acquisition was consummated on December 31, 2021 for total cash consideration of ₹ 1,625 . The following table presents the purchase price allocation: Capco Ampion Edgile LeanSwift Net assets ₹ 1,138 ₹ 1,126 ₹ 1,289 ₹ 186 Fair value of property, plant and equipment 647 35 17 9 Fair value of right-of-use assets 2,882 74 - - Fair value of customer-related intangibles 24,273 1,748 1,717 63 Fair value of marketing-related intangibles 8,083 460 1,160 111 Deferred tax liabilities on intangible assets ( 9,383 ) ( 663 ) - ( 49 ) Total ₹ 27,640 ₹ 2,780 ₹ 4,183 ₹ 320 Goodwill 81,890 6,322 12,993 1,305 Total purchase price ₹ 109,530 ₹ 9,102 ₹ 17,176 ₹ 1,625 Net Assets include: Cash and cash equivalents ₹ 4,278 ₹ 855 ₹ 907 ₹ 145 Fair value of acquired trade receivables included in net assets 6,167 1,074 819 201 Gross contractual amount of acquired trade receivables 6,181 1,074 819 217 Less: Allowance for lifetime expected credit loss ( 14 ) - - ( 16 ) Amount included in general and administrative expenses: Transaction costs ₹ 358 ₹ 49 ₹ 152 ₹ 88 The goodwill of ₹ 102,510 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes except for Edgile, LLC in the United States of America. The total consideration of Edgile includes a contingent consideration linked to achievement of revenues and earnings over a period of 2 years ending December 31, 2023, and range of contingent consideration payable is between ₹ Nil and ₹ 2,230 . The fair value of the contingent consideration is estimated by applying the discounted cash-flow approach considering discount rate of 2.9 % and probability adjusted revenue and earnings estimates. The undiscounted fair value of contingent consideration is ₹ 1,531 as at the date of acquisition. The discounted fair value of contingent consideration of ₹ 1,462 is recorded as part of purchase price allocation. Summary of acquisitions during the year ended March 31, 2023: During the year ended March 31, 2023, the Company has completed two business combinations by acquiring 100 % equity interest in: (a) Convergence Acceleration Solutions, LLC (“ CAS Group ”), a US-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers. The acquisition advances the Company’s strategic consulting capabilities as we help our clients drive large scale business and technology transformation. The acquisition was consummated on April 11, 2022 for total cash consideration (upfront cash to acquire control and contingent consideration) of ₹ 5,587 . (b) Rizing Intermediate Holdings, Inc and its subsidiaries (“ Rizing ”), a global SAP consulting firm with industry expertise and consulting capabilities in enterprise asset management, consumer industries, and human experience management. Rizing complements the Company in capabilities (EAM, HCM and S/4HANA), in industries such as Energy and Utilities, Retail and Consumer Products, Manufacturing and Hi Tech in geographies across North America, Europe, Asia, and Australia. The acquisition was consummated on May 20, 2022 for total cash consideration of ₹ 43,830 . During the year ended March 31, 2024, the Company finalized the purchase price allocation as set forth below. The following table presents the purchase price allocation: CAS Group Rizing Net assets ₹ 532 ₹ 3,850 Fair value of property, plant and equipment - 373 Fair value of right-of-use assets - 201 Fair value of customer-related intangibles 1,708 3,894 Fair value of marketing-related intangibles - 482 Deferred tax liabilities on intangible assets - ( 1,750 ) Total ₹ 2,240 ₹ 7,050 Goodwill 3,347 36,780 Total purchase price ₹ 5,587 ₹ 43,830 Net Assets include: Cash and cash equivalents ₹ 127 ₹ 2,114 Fair value of acquired trade receivables included in net assets 452 3,220 Gross contractual amount of acquired trade receivables 452 3,233 Less: Allowance for lifetime expected credit loss - ( 13 ) Amount included in general and administrative expenses: Transaction costs ₹ 19 ₹ 99 The goodwill of ₹ 40,127 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes except for CAS Group in the United States of America. The total consideration of CAS Group includes a contingent consideration linked to achievement of revenues and earnings over a period of 3 years ending December 31, 2024, and range of contingent consideration payable is between ₹ Nil and ₹ 2,277 . The fair value of the contingent consideration is estimated by applying the discounted cash-flow approach considering discount rate of 4.58 % and probability adjusted revenue and earnings estimates. The undiscounted fair value of contingent consideration is ₹ 1,804 as at the date of acquisition. The discounted fair value of contingent consideration of ₹ 1,662 is recorded as part of purchase price allocation. Summary of acquisitions during the year ended March 31, 2024: During the year ended March 31, 2024, the Company has completed a business combination by acquiring 60 % equity interest in Aggne Global Inc. and Aggne Global IT Services Private Limited (" Aggne "), a leading consulting and managed services company serving the insurance and insurtech industries. Aggne is a leading alliance partner of Duck Creek, which is a market-leading platform for property and casualty insurance. The acquisition was consummated on February 13, 2024, for total cash consideration of ₹ 5,525 . The purchase price allocation for Aggne is provisional and will be finalized as soon as practicable within the measurement period. Aggne Net assets ₹ 194 Fair value of property, plant and equipment 374 Fair value of right-of-use assets 33 Fair value of customer-related intangibles 556 Fair value of marketing-related intangibles 390 Deferred tax liabilities on intangible assets ( 367 ) Total ₹ 1,180 Goodwill 4,817 Share of non-controlling interests ( 472 ) Total purchase price ₹ 5,525 Net Assets include: Cash and cash equivalents ₹ 153 Fair value of acquired trade receivables included in net assets 113 Gross contractual amount of acquired trade receivables 113 Less: Allowance for lifetime expected credit loss - Amount included in general and administrative expenses: Transaction costs ₹ 31 The goodwill of ₹ 4,817 comprises value of acquired workforce and expected synergies arising from the business combination. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes. The interest of non-controlling shareholders is measured at the non-controlling interest’s proportionate share of the fair value of the identifiable net assets of Aggne. The Company has issued put options to non-controlling interests in Aggne in accordance with the terms of underlying shareholders agreement and will be settled in cash. As at the acquisition date, the Company has recorded a financial liability for the estimated present value of its gross obligation to purchase the non-controlling interest with a corresponding adjustment to equity. The fair value of the financial liability is estimated as per the terms of shareholders agreement and the undiscounted fair value of the financial liability is ₹ 5,176 as at the date of acquisition. Considering the discount rate of 5.87 %, the discounted fair value of the financial liability is ₹ 4,238 . The pro-forma effects of acquisition of Aggne for the year ended March 31, 2024, on the Company’s revenues and profits were not material. |
Investments
Investments | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Investments | 8. Investments As at March 31, 2023 2024 Non-current Financial instruments at FVTPL Equity instruments (1) ₹ 3,773 ₹ 4,404 Fixed maturity plan mutual funds 1,300 1,395 Financial instruments at FVTOCI Equity instruments (1) 15,647 15,830 Financial instruments at amortized cost Inter corporate and term deposits ^ ^ ₹ 20,720 ₹ 21,629 Current Financial instruments at FVTPL Short-term mutual funds (2) ₹ 40,262 ₹ 71,686 Financial instruments at FVTOCI Non-convertible debentures 146,296 154,407 Government securities 9,422 7,030 Commercial papers 18,624 11,845 Certificate of deposits 16,828 - Bonds 54,025 28,195 Financial instruments at amortized cost Inter corporate and term deposits (3) 23,775 38,008 ₹ 309,232 ₹ 311,171 Total ₹ 329,952 ₹ 332,800 Financial instruments at FVTPL 45,335 77,485 Financial instruments at FVTOCI 260,842 217,307 Financial instruments at amortized cost 23,775 38,008 ^ Value is less than 1 (1) Uncalled capital commitments outstanding as at March 31, 2023 and 2024, was ₹ 1,288 and ₹ 1,450 respectively. (2) As at March 31, 2023 and 2024, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ Nil and ₹ 218 , respectively. (3) These deposits earn a fixed rate of interest. As at March 31, 2023 and 2024, term deposits include current deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 653 and ₹ 117 , respectively. Investments accounted for using the equity method During the year ended March 31, 2024, the Company invested ₹ 484 being equity contribution in SDVerse LLC, a joint venture between the Company, General Motors LLC and Magna International Inc. The Company’s share of equity in the joint venture is 27 %. The Company has no material associates as at March 31, 2023 and 2024. The aggregate summarized financial information in respect of the Company’s immaterial associate and joint venture that are accounted for using the equity method is set forth below: As at March 31, Carrying amount of the Company’s interest in: 2023 2024 An associate accounted for using the equity method ₹ 780 ₹ 783 (Unquoted: Series A Preferred Stock - 94,527 ; Common stock - 27,865 and Series B Preferred Stock - 190,525 ) A joint venture accounted for using the equity method - 261 (Unquoted: Class A units - 5,850,000 ) Total ₹ 780 ₹ 1,044 For the year ended March 31, Company’s share of net profit / (loss) in the consolidated statement of income pertaining to: 2022 2023 2024 An associate accounted for using the equity method ₹ 57 ₹ ( 57 ) ₹ ( 8 ) A joint venture accounted for using the equity method - - ( 225 ) Total ₹ 57 ₹ ( 57 ) ₹ ( 233 ) Details of non-current investments in equity instruments- classified as FVTOCI Carrying value As at March 31, Particulars 2023 2024 Tricentis Corporation ₹ 2,764 ₹ 3,081 YugaByte, Inc. 2,161 2,194 Immuta, Inc. 1,390 1,411 TLV Partners, L.P. 1,318 1,296 Vectra Networks, Inc. 1,153 1,171 CyCognito Ltd. 1,060 1,076 Incorta, Inc. 772 784 TLV Partners II, L.P. 801 713 Work-Bench Ventures II-A, LP 491 495 B Capital Fund II, L.P. 517 488 Kognitos, Inc. 123 330 TLV Partners III, L.P. 354 307 Boldstart Ventures IV, L.P. 343 305 Avaamo Inc. 283 287 Boldstart Opportunities II, L.P. 321 264 Vulcan Cyber Limited 247 250 Sealights Technologies Ltd. 197 200 EMA Unlimited, Inc. - 167 Headspin Inc. 158 160 Glilot Capital Partners III L.P. 255 132 Squadcast, Inc. 99 100 Netspring Data, Inc. 164 72 Wep Solutions Limited 33 70 FPEL Ujwal Private Limited - 63 Apilyze Inc. - 63 Spartan Radar 164 57 Wep Peripherals Ltd. 58 57 Work-Bench Ventures III-A, LP 50 56 GTMfund II-QP, LP - 43 Tangibly Inc. - 42 Harte Hanks Inc. 66 38 Kibsi, Inc. 123 20 Altizon Systems Private Limited 19 19 Drivestream India Private Limited 19 19 Moogsoft (Herd) Inc. 144 - Tradeshift Inc. - - Total ₹ 15,647 ₹ 15,830 |
Trade receivables
Trade receivables | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Trade receivables | 9. Trade receivables As at March 31, 2023 2024 Trade receivables ₹ 134,026 ₹ 125,838 Allowance for lifetime expected credit loss ( 6,813 ) ( 6,316 ) ₹ 127,213 ₹ 119,522 Non-current ₹ 863 ₹ 4,045 Current 126,350 115,477 The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 10,299 ₹ 6,813 Additions / (write-back), net (Refer to Note 25) ( 604 ) 640 Charged against allowance ( 3,302 ) ( 1,078 ) Translation adjustment 420 ( 59 ) Balance at the end of the year ₹ 6,813 ₹ 6,316 |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Inventories | 10. Inventories As at March 31, 2023 2024 Stores and spare parts ₹ 30 ₹ 27 Traded goods 1,158 880 ₹ 1,188 ₹ 907 During the year ended March 31, 2023 and 2024, changes in inventories recognized as expense is ₹ 150 and ₹ 278 , respectively, and purchases of traded goods recognized as expense is ₹ 6,494 and ₹ 3,832 , respectively. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Cash and cash equivalents | 11. Cash and cash equivalents As at March 31, 2022 2023 2024 Cash and bank balances ₹ 61,882 ₹ 60,417 ₹ 60,648 Demand deposits with banks (1) 41,954 31,463 36,305 ₹ 103,836 ₹ 91,880 ₹ 96,953 (1) These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal. Cash and cash equivalents consist of the following for the purpose of the statement of cash flows: As at March 31, 2022 2023 2024 Cash and cash equivalents ₹ 103,836 ₹ 91,880 ₹ 96,953 Bank overdrafts ( 3 ) ( 19 ) ( 2 ) ₹ 103,833 ₹ 91,861 ₹ 96,951 |
Other financial assets
Other financial assets | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Other financial assets | 12. Other financial assets As at March 31, 2023 2024 Non-current Security deposits ₹ 1,566 ₹ 1,221 Finance lease receivables 4,742 4,270 Dues from officers and employees 22 59 ₹ 6,330 ₹ 5,550 Current Security deposits ₹ 1,549 ₹ 2,035 Dues from officers and employees 735 596 Interest receivables 386 230 Finance lease receivables 5,672 5,307 Others 754 2,368 ₹ 9,096 ₹ 10,536 ₹ 15,426 ₹ 16,086 Finance lease receivables Finance lease receivables consist of assets that are leased to customers for a contract term normally ranging 1 to 5 years, with lease payments due in monthly or quarterly installments. Details of finance lease receivables are given below: Minimum lease Present value of minimum lease payments As at March 31, 2023 2024 2023 2024 Not later than one year ₹ 6,031 ₹ 5,693 ₹ 5,672 ₹ 5,307 Later than one year but not later than five years 5,008 4,536 4,742 4,270 Gross investment in lease ₹ 11,039 ₹ 10,229 ₹ 10,414 ₹ 9,577 Less: Unearned finance income ( 625 ) ( 652 ) - - Present value of minimum lease payment receivables ₹ 10,414 ₹ 9,577 ₹ 10,414 ₹ 9,577 Non-current ₹ 4,742 ₹ 4,270 Current 5,672 5,307 |
Other assets
Other assets | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Other assets | 13. Other assets As at March 31, 2023 2024 Non-current Prepaid expenses ₹ 5,375 ₹ 3,424 Costs to obtain contract (1) 2,936 2,324 Costs to fulfil contract (2) 261 205 Others 5,034 4,378 ₹ 13,606 ₹ 10,331 Current Prepaid expenses ₹ 19,164 ₹ 17,574 Dues from officers and employees 799 343 Advance to suppliers 2,506 3,267 Balance with GST and other authorities 7,929 6,029 Costs to obtain contract (1) 978 867 Costs to fulfil contract (2) 59 60 Others 1,464 1,462 ₹ 32,899 ₹ 29,602 ₹ 46,505 ₹ 39,933 (1) Costs to obtain contract amortization of ₹ 902 , ₹ 892 and ₹ 1,083 during the year ended March 31, 2022, 2023 and 2024 respectively. (2) Costs to fulfil contract amortization of ₹ 54 , ₹ 58 and ₹ 60 during the year ended March 31, 2022, 2023 and 2024 respectively . |
Loans, borrowings and bank over
Loans, borrowings and bank overdrafts | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Loans, borrowings and bank overdrafts | 14. Loans, borrowings and bank overdrafts As at March 31, 2023 2024 Non-current Unsecured Notes 2026 (1) ₹ 61,272 ₹ 62,300 ₹ 61,272 ₹ 62,300 Current Borrowings from banks ₹ 88,745 ₹ 79,164 Bank overdrafts 19 2 Loans from institutions other than banks 57 - ₹ 88,821 ₹ 79,166 ₹ 150,093 ₹ 141,466 (1) On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$ 750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50 % per annum and will mature on June 23, 2026 . Interest on the Notes is payable semi-annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). Short-term loans, borrowings and bank overdrafts The Company had loans, borrowings and bank overdrafts amounting to ₹ 88,764 and ₹ 79,166 , as at March 31, 2023 and 2024, respectively. The principal source of borrowings from banks as at March 31, 2024 primarily consists of lines of credit of approximately ₹ 70,228 , U.S. Dollar (US$) 782 million, Canadian Dollar (CAD) 10 million, Saudi Riyal (SAR) 20 million, Pound Sterling (GBP) 7 million, Bahraini Dinar (BHD) 1 million, Australian Dollar (AUD $) 90 million, Thai Baht (THB) 5 million, Brazilian Real (BRL) 7 million, Indonesian Rupiah (IDR) 13,000 million, Qatari Riyal (QAR) 10 million and Mexican Peso (MXN) 33 million from bankers for working capital requirements and other short-term needs. As at March 31, 2024, the Company has unutilized lines of credit aggregating ₹ 28,478 , US$ 392 million, CAD 10 million, SAR 20 million, GBP 7 million, BHD 1 million, THB 5 million, BRL 7 million, IDR 13,000 million, QAR 10 million and MXN 33 million. To utilize these unused lines of credit, the Company requires consent of the lender and compliance with certain financial covenants. Significant portion of these lines of credit are revolving credit facilities and floating rate foreign currency loans, renewable on a periodic basis. Significant portion of these facilities bear floating rates of interest, referenced to country specific official benchmark interest rates and a spread, determined based on market conditions. Long-term loans and borrowings As at March 31, 2023 As at March 31, 2024 Currency Foreign currency in millions Indian Rupee Foreign currency in millions Indian Rupee Final maturity Unsecured Notes 2026 U.S. Dollar (US$) 746 ₹ 61,272 747 ₹ 62,300 June-26 Unsecured loans Indian Rupee (INR) - 57 - - - ₹ 61,329 ₹ 62,300 Non-current portion of long-term loans and borrowings ₹ 61,272 ₹ 62,300 Current portion of long-term loans and borrowings 57 - Interest expense on loans, borrowings and bank overdrafts was ₹ 3,261 , ₹ 6,648 and ₹ 6,893 for the years ended March 31, 2022, 2023 and 2024, respectively. Cash and non-cash changes in liabilities arising from financing activities: Non-cash changes April 1, 2022 Cash flow Net additions to Lease Liabilities Effective interest rate adjustment Foreign exchange movements March 31, 2023 Borrowings ₹ 151,693 ₹ ( 7,876 ) ₹ - ₹ 108 ₹ 6,149 ₹ 150,074 Lease Liabilities 24,233 ( 9,711 ) 9,021 - 1,030 24,573 ₹ 175,926 ₹ ( 17,587 ) ₹ 9,021 ₹ 108 ₹ 7,179 ₹ 174,647 Non-cash changes April 1, 2023 Cash flow Net additions to Lease Liabilities Effective interest rate adjustment Foreign exchange movements March 31, 2024 Borrowings ₹ 150,074 ₹ ( 10,057 ) ₹ - ₹ 112 ₹ 1,335 ₹ 141,464 Lease Liabilities 24,573 ( 10,060 ) 8,438 - 232 23,183 ₹ 174,647 ₹ ( 20,117 ) ₹ 8,438 ₹ 112 ₹ 1,567 ₹ 164,647 Non-fund based The Company has non-fund based revolving credit facilities in various currencies equivalent to ₹ 50,172 and ₹ 48,536 , as at March 31, 2023 and 2024, respectively, towards operational requirements that can be used for the issuance of letters of credit and bank guarantees. As at March 31, 2023, and 2024, an amount of ₹ 34,096 , and ₹ 35,081 , r espectively, was unutilized out of these non-fund based facilities. |
Trade payables and accrued expe
Trade payables and accrued expenses | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Trade payables and accrued expenses | 15. Trade payables and accrued expenses As at March 31, 2023 2024 Trade payables ₹ 21,728 ₹ 23,275 Accrued expenses 67,326 65,291 ₹ 89,054 ₹ 88,566 |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure Of Detailed Information About Other Financial Liabilities [Abstract] | |
Other Financial Liabilities | 16. Other financial liabilities As at March 31, 2023 2024 Non-current Contingent consideration (Refer to Note 19) ₹ 1,545 ₹ 429 Liability on written put options to non-controlling interests (Refer to Note 19) - 4,303 Deposits and others 1,104 253 ₹ 2,649 ₹ 4,985 Current Contingent consideration (Refer to Note 19) ₹ 1,508 ₹ - Advance from customers 1,373 598 Cash Settled ADS RSUs 6 3 Capital creditors 215 333 Deposits and others 1,039 1,338 ₹ 4,141 ₹ 2,272 ₹ 6,790 ₹ 7,257 |
Other liabilities
Other liabilities | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Other liabilities | 17. Other liabilities As at March 31, 2023 2024 Non-current Employee benefits obligations ₹ 2,947 ₹ 4,219 Others 6,386 8,751 ₹ 9,333 ₹ 12,970 Current Employee benefits obligations ₹ 15,885 ₹ 16,057 Statutory and other liabilities 13,155 13,275 Advance from customers 645 1,192 Others 530 771 ₹ 30,215 ₹ 31,295 ₹ 39,548 ₹ 44,265 |
Provisions
Provisions | 12 Months Ended |
Mar. 31, 2024 | |
Provisions [abstract] | |
Provisions | 18. Provisions As at March 31, 2023 2024 Non-current Provision for warranty ₹ ^ ₹ - ₹ ^ ₹ - Current Provision for onerous contracts ₹ 1,590 ₹ 1,599 Provision for warranty 456 217 Others 503 155 ₹ 2,549 ₹ 1,971 ₹ 2,549 ₹ 1,971 ^ Value is less than 1 A summary of activity in provision for warranty, provision for onerous contracts and other provisions is as follows: Year ended March 31, 2023 Year ended March 31, 2024 Provision for warranty Provision for onerous contracts (1) Others Total Provision for warranty Provision for onerous contracts Others Total Balance at the beginning of the year ₹ 295 ₹ 1,946 ₹ 531 ₹ 2,772 ₹ 456 ₹ 1,590 ₹ 503 ₹ 2,549 Additional provision during the year 414 866 - 1,280 151 916 - 1,067 Utilized/written-back during the year ( 253 ) ( 1,222 ) ( 28 ) ( 1,503 ) ( 390 ) ( 911 ) ( 348 ) ( 1,649 ) Translation adjustment - - - - - 4 - 4 Balance at the end of the year ₹ 456 ₹ 1,590 ₹ 503 ₹ 2,549 ₹ 217 ₹ 1,599 ₹ 155 ₹ 1,971 (1) Addition in Provision for onerous contracts for the year ended March 31, 2023 includes ₹ 51 towards adoption of Amendments to IAS 37 – Onerous Contracts – Cost of Fulfilling a Contract. Provision for warranty represents cost associated with providing sales support services, which are accrued at the time of r ecognition of revenues and are expected to be utilized over a period of 1 to 2 years. Provision for onerous contracts is recognized when the expected benefit by the company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Other provisions primarily include provisions for compliance related contingencies. The timing of cash outflows in respect of such provision cannot be reasonably determined. |
Financial instruments
Financial instruments | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Financial instruments | 19. Financial instruments The carrying value of financial instruments by categories as at March 31, 2023 is as follows: Fair value through other comprehensive income Fair value through profit or loss Mandatory Designated Amortized cost Total Financial Assets: Cash and cash equivalents (Refer to Note 11) ₹ - ₹ - ₹ - ₹ 91,880 ₹ 91,880 Investments (Refer to Note 8) Equity Instruments 3,773 - 15,647 - 19,420 Fixed maturity plan mutual funds 1,300 - - - 1,300 Short-term mutual funds 40,262 - - - 40,262 Non-convertible debentures - 146,296 - - 146,296 Government securities - 9,422 - - 9,422 Commercial papers - 18,624 - - 18,624 Certificate of deposits - 16,828 - - 16,828 Bonds - 54,025 - - 54,025 Inter corporate and term deposits - - - 23,775 23,775 Other financial assets Trade receivables (Refer to Note 9) - - - 127,213 127,213 Unbilled receivables - - - 60,515 60,515 Other financial assets (Refer to Note 12) - - - 15,426 15,426 Derivative assets (Refer to Note 19) 1,101 - 772 - 1,873 ₹ 46,436 ₹ 245,195 ₹ 16,419 ₹ 318,809 ₹ 626,859 Financial Liabilities: Trade payables and other liabilities Trade payables and accrued expenses (Refer to Note 15) ₹ - ₹ - ₹ - ₹ 89,054 ₹ 89,054 Other financial liabilities (Refer to Note 16) - - - 6,790 6,790 Loans, borrowings and bank overdrafts (Refer to Note 14) - - - 150,093 150,093 Lease liabilities - - - 24,573 24,573 Derivative liabilities (Refer to Note 19) 470 - 2,534 - 3,004 ₹ 470 ₹ - ₹ 2,534 ₹ 270,510 ₹ 273,514 The carrying value of financial instruments by categories as at March 31, 2024 is as follows: Fair value through other comprehensive income Fair value through profit or loss Mandatory Designated Amortized cost Total Financial Assets: Cash and cash equivalents (Refer to Note 11) ₹ - ₹ - ₹ - ₹ 96,953 ₹ 96,953 Investments (Refer to Note 8) Equity Instruments 4,404 - 15,830 - 20,234 Fixed maturity plan mutual funds 1,395 - - - 1,395 Short-term mutual funds 71,686 - - - 71,686 Non-convertible debentures - 154,407 - - 154,407 Government securities - 7,030 - - 7,030 Commercial papers - 11,845 - - 11,845 Bonds - 28,195 - - 28,195 Inter corporate and term deposits - - - 38,008 38,008 Other financial assets Trade receivables (Refer to Note 9) - - - 119,522 119,522 Unbilled receivables - - - 58,345 58,345 Other financial assets (Refer to Note 12) - - - 16,086 16,086 Derivative assets (Refer to Note 19) 390 - 968 - 1,358 ₹ 77,875 ₹ 201,477 ₹ 16,798 ₹ 328,914 ₹ 625,064 Financial Liabilities: Trade payables and other liabilities Trade payables and accrued expenses (Refer to Note 15) ₹ - ₹ - ₹ - ₹ 88,566 ₹ 88,566 Other financial liabilities (Refer to Note 16) - - - 7,257 7,257 Loans, borrowings and bank overdrafts (Refer to Note 14) - - - 141,466 141,466 Lease liabilities - - - 23,183 23,183 Derivative liabilities (Refer to Note 19) 329 - 233 - 562 ₹ 329 ₹ - ₹ 233 ₹ 260,472 ₹ 261,034 Offsetting financial assets and liabilities The following table contains information on other financial assets and trade payable and other financial liabilities subject to offsetting: As at March 31, 2023 As at March 31, 2024 Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Trade receivables - non-current ₹ 863 ₹ - ₹ 863 ₹ 4,045 ₹ - ₹ 4,045 Trade receivables - current 134,053 ( 7,703 ) 126,350 125,624 ( 10,147 ) 115,477 Other financial assets - non-current 6,330 - 6,330 5,550 - 5,550 Other financial assets - current 9,096 - 9,096 10,536 - 10,536 Unbilled receivables 62,690 ( 2,175 ) 60,515 61,055 ( 2,710 ) 58,345 ₹ 213,032 ₹ ( 9,878 ) ₹ 203,154 ₹ 206,810 ₹ ( 12,857 ) ₹ 193,953 As at March 31, 2023 As at March 31, 2024 Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Trade payables and accrued expenses ₹ 98,932 ₹ ( 9,878 ) ₹ 89,054 ₹ 101,423 ₹ ( 12,857 ) ₹ 88,566 Other financial liabilities - non-current 2,649 - 2,649 4,985 - 4,985 Other financial liabilities - current 4,141 - 4,141 2,272 - 2,272 ₹ 105,722 ₹ ( 9,878 ) ₹ 95,844 ₹ 108,680 ₹ ( 12,857 ) ₹ 95,823 For the financial assets and liabilities subject to offsetting or similar arrangements, each agreement between the Company and the counterparty allows for net settlement of the relevant financial assets and liabilities when both elect to settle on a net basis. In the absence of such an election, financial assets and liabilities will be settled on a gross basis and hence are not offset. Fair value Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances, eligible current and non-current assets, loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, and eligible current liabilities and non-current liabilities. The fair value of cash and cash equivalents, trade receivables, unbilled receivables, short-term loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. Finance lease receivables are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated credit losses on these receivables. As at March 31, 2023 and 2024, the carrying value of such financial assets, net of allowances, and liabilities approximates the fair value. The Company’s Unsecured Notes 2026 are contracted at fixed coupon rate of 1.50 % and market yield on these loans as of 31st March 2024 is 5.23 %. Investments in short-term mutual funds and fixed maturity plan mutual funds, which are classified as FVTPL are measured using net asset values at the reporting date multiplied by the quantity held. Fair value of investments in non-convertible debentures, government securities, commercial papers, certificate of deposits and bonds classified as FVTOCI is determined based on the indicative quotes of price and yields prevailing in the market at the reporting date. Fair value of investments in equity instruments classified as FVTOCI or FVTPL is determined using market approach primarily based on market multiples method. The fair value of derivative financial instruments is determined based on observable market inputs including currency spot and forward rates, yield curves and currency volatility. Fair value hierarchy The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 – Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). There were no transfers between Level 1, 2 and 3 during the year ended March 31, 2023 and 2024. The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis: As at March 31, 2023 As at March 31, 2024 Fair value measurements at reporting date Fair value measurements at reporting date Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Derivative instruments: Cash flow hedges ₹ 772 ₹ - ₹ 772 ₹ - ₹ 968 ₹ - ₹ 968 ₹ - Others 1,101 - 1,101 - 390 - 390 - Investments: Short-term mutual funds 40,262 40,262 - - 71,686 71,686 - - Fixed maturity plan mutual funds 1,300 - 1,300 - 1,395 - 1,395 - Equity instruments 19,420 99 - 19,321 20,234 108 - 20,126 Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds 245,195 1,256 243,939 - 201,477 1,282 200,195 - Liabilities Derivative instruments: Cash flow hedges ₹ ( 2,534 ) ₹ - ₹ ( 2,534 ) ₹ - ₹ ( 233 ) ₹ - ₹ ( 233 ) ₹ - Others ( 470 ) - ( 470 ) - ( 329 ) - ( 329 ) - Liability on written put options to non-controlling interests - - - - ( 4,303 ) - - ( 4,303 ) Contingent consideration ( 3,053 ) - - ( 3,053 ) ( 429 ) - - ( 429 ) The following methods and assumptions were used to estimate the fair value of the level 2 financial instruments included in the above table. Financial instrument Method and assumptions Derivative instruments (assets and liabilities) The Company enters into derivative financial instruments with various counterparties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at March 31, 2024, the changes in counterparty credit risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value. Investment in non-convertible debentures, government securities, commercial papers, certificate of deposits and bonds Fair value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at reporting date. Investment in fixed maturity plan mutual funds Fair value of these instruments is derived based on the indicative quotes of price prevailing in the market as at reporting date. The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table. Financial instrument Method and assumptions Investment in equity instruments Fair value of these instruments is determined using market approach primarily based on market multiples method. Contingent consideration and liability on written put options to non-controlling interest Fair value of these instruments is determined using valuation techniques which includes inputs relating to risk-adjusted revenue and operating profit forecast. The following table presents changes in Level 3 assets and liabilities for the year ended March 31, 2023 and 2024: Investment in equity instruments As at March 31, 2023 2024 Balance at the beginning of the year ₹ 16,324 ₹ 19,321 Additions 2,093 1,277 Disposals (1)(2) ( 632 ) ( 416 ) Unrealized gain/(loss) recognized in consolidated statement of income ( 2 ) ( 136 ) Gain/(loss) recognized in other comprehensive income 291 ( 485 ) Translation adjustment 1,247 565 Balance at the end of the year ₹ 19,321 ₹ 20,126 (1) During the year ended March 31, 2023, the Company sold its shares in Vicarious FPC, Inc. and Harte Hanks Inc. at a fair value of ₹ 1,150 and recognized a cumulative gain of ₹ 30 in other comprehensive income. (2) During the year ended March 31, 2024, the Company sold its shares in Moogsoft (Herd) Inc. at a fair value of ₹ 179 and recognized a cumulative loss of ₹ 91 in other comprehensive income. Contingent consideration As at March 31, 2023 2024 Balance at the beginning of the year ₹ ( 4,329 ) ₹ ( 3,053 ) Additions ( 1,662 ) - Reversals (1) 1,671 1,300 Payouts 1,784 1,294 Finance expense (recognized)/reversed in consolidated statement of income ( 131 ) 55 Translation adjustment ( 386 ) ( 25 ) Balance at the end of the year ₹ ( 3,053 ) ₹ ( 429 ) (1) Towards change in fair value of earn-out liability as a result of changes in estimates of revenue and earnings over the earn-out period. Liability on written put options to non-controlling interests As at March 31, 2023 2024 Balance at the beginning of the year ₹ - ₹ - Addition through Business combination (Refer to Note 7) - ( 4,238 ) Finance expense recognized in consolidated statement of income - ( 33 ) Translation adjustment - ( 32 ) Balance at the end of the year ₹ - ₹ ( 4,303 ) Derivative assets and liabilities: The Company is exposed to currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company is also exposed to interest rate fluctuations on investments in floating rate financial assets and floating rate borrowings. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, interest rates, foreign currency forecasted cash flows and net investment in foreign operations. The counter parties in these derivative instruments are primarily banks and the Company considers the risks of non-performance by the counterparty as immaterial. The following table presents the aggregate contracted principal amounts of the Company's derivative contracts outstanding: (in million) As at March 31, 2023 2024 Notional Fair value Notional Fair value Designated derivative instruments Sell: Forward contracts USD 977 ₹ ( 262 ) USD 1,349 ₹ 264 € 94 ₹ ( 497 ) € 11 ₹ 10 £ 138 ₹ ( 728 ) £ 17 ₹ 16 AUD 89 ₹ 9 AUD 15 ₹ 15 Range forward option contracts USD 1,157 ₹ ( 19 ) USD 730 ₹ 192 € 49 ₹ ( 112 ) € 129 ₹ 59 £ 60 ₹ ( 69 ) £ 86 ₹ ( 11 ) AUD 34 ₹ 29 AUD 57 ₹ 10 Interest rate swaps INR 4,750 ₹ ( 113 ) INR 4,750 ₹ ( 71 ) USD - ₹ - USD 225 ₹ 233 Non-designated derivative instruments Sell: Forward contracts (1) USD 1,550 ₹ 736 USD 1,158 ₹ ( 31 ) € 171 ₹ ( 176 ) € 195 ₹ 119 £ 129 ₹ ( 100 ) £ 72 ₹ 44 AUD 56 ₹ 69 AUD 55 ₹ 30 SGD 14 ₹ 1 SGD 26 ₹ 12 ZAR 43 ₹ ( 7 ) ZAR 97 ₹ 4 CAD 69 ₹ ( 25 ) CAD 61 ₹ ( 1 ) SAR 147 ₹ ( 6 ) SAR 188 ₹ ( 2 ) CHF 9 ₹ 5 CHF - ₹ - QAR 4 ₹ ( 2 ) QAR 5 ₹ ( 2 ) TRY 30 ₹ ( 1 ) TRY 86 ₹ ( 1 ) NOK 13 ₹ 6 NOK 20 ₹ 2 OMR 1 ₹ ^ OMR 2 ₹ ^ SEK 3 ₹ ^ SEK - ₹ - JPY 784 ₹ 6 JPY 3,975 ₹ 32 DKK 33 ₹ ( 4 ) DKK 33 ₹ 3 AED 20 ₹ ^ AED 22 ₹ ^ CNH 1 ₹ ^ CNH 11 ₹ 3 MXN - ₹ - MXN 212 ₹ ( 35 ) COP - ₹ - COP 8,120 ₹ ( 5 ) MYR - ₹ - MYR 20 ₹ ( 2 ) RON - ₹ - RON 80 ₹ ( 9 ) BHD - ₹ - BHD ^ ₹ ^ HKD - ₹ - HKD 80 ₹ ^ CRC - ₹ - CRC 3,380 ₹ ( 19 ) NZD - ₹ - NZD 2 ₹ 2 Buy: Forward contracts AED 5 ₹ ^ AED - ₹ - NOK 12 ₹ ^ NOK - ₹ - QAR 4 ₹ 2 QAR 29 ₹ 10 ZAR 7 ₹ 1 ZAR - ₹ - PLN 26 ₹ 13 PLN 39 ₹ ( 6 ) SEK - ₹ - SEK 39 ₹ ( 5 ) USD - ₹ - USD 4 ₹ 1 CHF - ₹ - CHF 5 ₹ ( 29 ) TWD - ₹ - TWD 40 ₹ ( 2 ) BRL - ₹ - BRL 67 ₹ ( 5 ) RON - ₹ - RON 91 ₹ ( 9 ) CAD - ₹ - CAD 49 ₹ ( 4 ) € - ₹ - € 7 ₹ ( 5 ) CNH - ₹ - CNH 126 ₹ ( 5 ) RMB - ₹ - RMB 25 ₹ ( 6 ) £ - ₹ - £ 2 ₹ ^ KWD - ₹ - KWD ^ ₹ ^ AUD - ₹ - AUD 2 ₹ ^ Range forward option contracts USD 30 ₹ 31 USD - ₹ - Interest rate swaps USD 200 ₹ 82 USD - ₹ - ₹ ( 1,131 ) ₹ 796 ^ Value is less than 1 (1) USD 1,550 and USD 1,158 includes USD/PHP sell forward of USD 77 and USD 167 as at March 31, 2023 and 2024, respectively. The Company determines the existence of an economic relationship between the hedging instrument and the hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items. If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in consolidated statement of income at the time of the hedge relationship rebalancing. The following table summarizes activity in the cash flow hedging reserve within equity related to all derivative instruments classified as cash flow hedges: As at March 31, 2023 2024 Balance as at the beginning of the year ₹ 1,943 ₹ ( 1,762 ) Changes in fair value of effective portion of derivatives ( 4,839 ) 1,461 Deferred cancellation gain/(loss), net - 40 Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions (1) 1,134 1,016 Ineffective portion of derivative instruments classified to consolidated statement of income - 18 Gain/(loss) on cash flow hedging derivatives, net ₹ ( 3,705 ) ₹ 2,535 Balance as at the end of the year ₹ ( 1,762 ) ₹ 773 Deferred tax asset/(liability) thereon 359 ( 195 ) Balance as at the end of the year, net of deferred taxes ₹ ( 1,403 ) ₹ 578 (1) Includes net (gain)/loss reclassified to revenue of ₹ 2,471 and ₹ 898 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to cost of revenues of ₹ ( 1,337 ) and ₹ 221 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to finance expenses of ₹ Nil and ₹ ( 167 ) for the year ended March 31, 2023, and 2024, respectively and net (gain)/loss reclassified to finance and other income of ₹ Nil and ₹ 64 for the year ended March 31, 2023, and 2024, respectively. The related hedge transactions for balance in cash flow hedging reserves as at March 31, 2024 are expected to occur and be reclassified to the statement of income over a period of fifteen months. As at March 31, 2023 and 2024, there were no material gains or losses on derivative transactions or portions thereof that have become ineffective as hedges or associated with an underlying exposure that did not occur. Sale of financial assets From time to time, in the normal course of business, the Company transfers accounts receivables, unbilled receivables and net investment in finance lease receivables (financial assets) to banks. Under the terms of the arrangements, the Company either substantially transfer its risks and rewards or surrenders control over the financial assets and transfer is without recourse. Accordingly, on such transfers the financial assets are derecognized and considered as sale of financial assets. Gains and losses on sale of financial assets without recourse are recorded at the time of sale based on the carrying value of the financial assets and fair value of servicing liability. The incremental impact of such transactions on our cash flow and liquidity for the years ended March 31, 2022, 2023 and 2024 is not material. Financial risk management Market Risk Market risk is the risk of loss of future earnings, to fair values or to future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments, foreign currency receivables, payables and loans and borrowings. The Company’s exposure to market risk is a function of investment and borrowing activities and revenue generating activities in foreign currency. The objective of market risk management is to avoid excessive exposure of the Company’s earnings and equity to losses. Risk Management Procedures The Company manages market risk through a corporate treasury department, which evaluates and exercises independent control over the entire process of market risk management. The corporate treasury department recommends risk management objectives and policies, which are approved by our senior management and Audit Committee. The activities of this department include management of cash resources, implementing hedging strategies for foreign currency exposures, borrowing strategies, and ensuring compliance with market risk limits and policies. Foreign currency risk The Company operates internationally, and a major portion of its business is transacted in several currencies. Consequently, the Company is exposed to foreign exchange risk through receiving payment for sales and services in the United States of America and elsewhere and making purchases from overseas suppliers in various foreign currencies. The exchange rate risk primarily arises from foreign exchange revenue, receivables, cash balances, forecasted cash flows, payables and foreign currency loans and borrowings. A significant portion of the Company’s revenue is in the U.S. Dollar, the Pound Sterling, the Euro, the Canadian Dollar and the Australian Dollar, while a large portion of costs are in Indian rupees. The exchange rate between the rupee and these currencies has fluctuated significantly in recent years and may continue to fluctuate in the future. Appreciation of the rupee against these currencies can adversely affect the Company’s results of operations. The Company evaluates exchange rate exposure arising from these transactions and enters into foreign currency derivative instruments to mitigate such exposure. The Company follows established risk management policies, including the use of derivatives like foreign exchange forward/option contracts to hedge forecasted cash flows denominated in foreign currency. The Company has designated certain derivative instruments as cash flow hedges to mitigate the foreign exchange exposure of forecasted highly probable cash flows. As at March 31, 2024, a ₹ 1 increase in the spot exchange rate of the Indian rupee with the U.S. dollar would result in approximately ₹ 2,801 (consolidated statement of income ₹ 987 and other comprehensive income ₹ 1,814 ) decrease in the fair value, and a ₹ 1 decrease would result in approximately ₹ 2,877 (consolidated statement of income ₹ 987 and other comprehensive income ₹ 1,890 ) increase in the fair value of foreign currency dollar denominated derivative instruments (forward and option contracts). The below table presents foreign currency risk from non-derivative financial instruments as at March 31, 2023 and 2024: As at March 31, 2023 US$ Euro Pound Sterling Australian Dollar Canadian Dollar Other currencies (1) Total Trade receivables ₹ 42,312 ₹ 13,758 ₹ 8,911 ₹ 2,317 ₹ 1,567 ₹ 5,661 ₹ 74,526 Unbilled receivables 19,372 3,050 2,360 1,431 393 1,719 28,325 Contract assets 4,597 7,081 3,077 632 180 1,193 16,760 Cash and cash equivalents 10,048 5,810 2,448 1,288 2,643 4,244 26,481 Other financial assets 40,039 1,066 1,234 136 130 1,690 44,295 Lease Liabilities ( 4,022 ) ( 2,998 ) ( 457 ) ( 175 ) ( 118 ) ( 1,765 ) ( 9,535 ) Trade payables, accrued expenses and other financial liabilities ( 26,726 ) ( 11,417 ) ( 6,120 ) ( 1,329 ) ( 1,482 ) ( 3,285 ) ( 50,359 ) Non-derivative financial assets/ (liabilities), net ₹ 85,620 ₹ 16,350 ₹ 11,453 ₹ 4,300 ₹ 3,313 ₹ 9,457 ₹ 130,493 (1) Other currencies reflect currencies such as Saudi Riyal, Singapore Dollar and Japanese Yen. As at March 31, 2024 US$ Euro Pound Sterling Australian Dollar Canadian Dollar Other currencies (1) Total Trade receivables ₹ 35,193 ₹ 12,315 ₹ 8,644 ₹ 2,556 ₹ 819 ₹ 4,198 ₹ 63,725 Unbilled receivables 18,104 3,427 3,250 1,694 599 2,615 29,689 Contract assets 3,849 6,004 2,341 495 112 525 13,326 Cash and cash equivalents 19,008 4,672 1,068 782 3,441 3,320 32,291 Other financial assets 12,549 1,428 197 207 785 1,818 16,984 Lease Liabilities ( 2,976 ) ( 2,764 ) ( 183 ) ( 155 ) ( 137 ) ( 1,269 ) ( 7,484 ) Trade payables, accrued expenses and other financial liabilities ( 27,161 ) ( 15,370 ) ( 9,533 ) ( 1,624 ) ( 920 ) ( 3,045 ) ( 57,653 ) Non-derivative financial assets/ (liabilities), net ₹ 58,566 ₹ 9,712 ₹ 5,784 ₹ 3,955 ₹ 4,699 ₹ 8,162 ₹ 90,878 (1) Other currencies reflect currencies such as Saudi Riyal, United Arab Emirates Dirham and Japanese Yen. As at March 31, 2023 and 2024, respectively, every 1 % increase/decrease in the respective foreign currencies compared to functional currency of the Company increase/decrease our profits by approximately ₹ 1,305 and ₹ 909 , respectively. Interest rate risk Interest rate risk primarily arises from floating rate investments and borrowings, including various revolving and other lines of credit. The Company’s investments are primarily in short-term investments, which do not expose it to significant interest rate risk. The Company has taken certain interest rate swaps against its investments in floating rate instruments and if interest rates were to increase/(decrease) by 100 bps as on March 31, 2024, it would result in (decrease)/increase in fair value of interest rate swaps by approximately ₹ ( 26 ) and ₹ 26 respectively, in other comprehensive income. From time to time, the Company manages its net exposure to interest rate risk relating to borrowings by entering into interest rate swap agreements, which allows it to exchange periodic payments based on a notional amount and agreed upon fixed and floating interest rates. If interest rates were to increase/(decrease) by 100 bps as on March 31, 2024, it would result in increase/(decrease) in fair value of interest rate swaps by approximately ₹ 207 and ₹ ( 211 ) respectively, in other comprehensive income. If interest rates were to increase by 100 bps as on March 31, 2024, additional net annual interest expense on floating rate borrowing would amount to approximately ₹ 792 . Certain borrowings are also transacted at fixed interest rates. Credit risk Credit risk arises from the possibility that customers may not be able to settle their obligations as agreed. To manage this, the Company periodically assesses the credit rating and financial reliability of customers, considering the financial condition, current economic trends, forward looking macroeconomic information, analysis of historical bad debts and ageing of accounts receivable. No single customer accounted for more than 10% of the accounts receivable as at March 31, 2023 and 2024, or revenues for the years ended March 31, 2022, 2023 and 2024. There is no significant concentration of credit risk. Trade receivables and contract assets are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company. Refer to Note 9 for changes in the allowance for lifetime expected credit loss. Counterparty risk Counterparty risk encompasses issuer risk on marketable securities, settlement risk on derivative and money market contracts and credit risk on cash and time deposits. Issuer risk is minimized by only buying securities which are at least AA rated in India based on Indian rating agencies. Settlement and credit risk is reduced by the policy of entering into transactions with counterparties that are usually banks or financial institutions with acceptable credit ratings. Exposure to these risks are closely monitored and maintained within predetermined parameters. There are limits on credit exposure to any financial institution. The limits are regularly assessed and determined based upon credit analysis including financial statements and capital adequacy ratio reviews. Liquidity risk Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. The Company’s corporate treasury department is responsible for liquidity and funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company’s net liquidity position through rolling forecasts based on the expected cash flows. As at March 31, 2024, cash and cash equivalents are held with major banks and financial institutions. The table below provides details regarding the remaining contractual maturities of significant financial liabilities at the reporting date. The amounts include estimated interest payments and exclude the impact of netting agreements, if any. As at March 31, 2023 Less than 1 year 1-2 years 2-4 years Beyond 4 years Total Cashflows Interest included in total cash flows Carrying value Loans, borrowings and bank overdrafts (1) ₹ 91,743 ₹ 924 ₹ 63,015 ₹ - ₹ 155,682 ₹ ( 5,589 ) ₹ 150,093 Lease Liabilities (1) 9,620 7,130 7,233 3,087 27,070 ( 2,497 ) 24,573 Trade payables and accrued expenses 89,054 - - - 89,054 - 89,054 Derivative liabilities 2,825 153 26 - 3,004 - 3,004 Other financial liabilities (2) 4,192 1,587 951 410 7,140 ( 350 ) 6,790 As at March 31, 2024 Less than 1 year 1-2 years 2-4 years Beyond 4 years Total Cashflows Interest included in total cash flows Carrying value Loans, borrowings and bank overdrafts (1) ₹ 81,157 ₹ 938 ₹ 63,019 ₹ - ₹ 145,114 ₹ ( 3,648 ) ₹ 141,466 Lease Liabilities (1) 10,377 6,670 5,504 3,690 26,241 ( 3,058 ) 23,183 Trade payables and accrued expenses 88,566 - - - 88,566 - 88,566 Derivative liabilities 558 4 - - 562 - 562 Other financial liabilities (2) 2,272 601 2,513 2,790 8,176 ( 919 ) 7,257 (1) Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. (2) Includes future cash outflow towards estimated interest on contingent consideration and liability on written put options to non-controlling interests. The balanced view of liquidity and financial indebtedness is stated in the table below. The management for external communication with investors, analysts and rating agencies uses this calculation of the net cash position: As at March 31, 2023 2024 Cash and cash equivalents ₹ 91,880 ₹ 96,953 Investments - current 309,232 311,171 Loans, borrowings and bank overdrafts ( 150,093 ) ( 141,466 ) ₹ 251,019 ₹ 266,658 |
Foreign currency translation re
Foreign currency translation reserve and Other reserves | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Foreign currency translation reserve and Other reserves | 20. Foreign currency translation reserve and Other reserves The movement in foreign currency translation reserve attributable to equity holders of the Company is summarized below: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 26,850 ₹ 43,255 Translation difference related to foreign operations, net 16,538 4,204 Reclassification of foreign currency translation differences on sale of investment in associates and liquidation of subsidiaries to consolidated statement of income ( 133 ) ( 198 ) Balance at the end of the year ₹ 43,255 ₹ 47,261 The movement in other reserves is summarized below: Other Reserves Particulars Remeasurements of the defined benefit plans Investment in debt instruments Investment in equity instruments Capital Redemption Reserve Gross obligation to non-controlling interests under As at April 1, 2021 ₹ ( 897 ) ₹ 4,237 ₹ 1,378 ₹ 1,122 ₹ - Other comprehensive income 399 ( 1,219 ) 8,710 - - As at March 31, 2022 ₹ ( 498 ) ₹ 3,018 ₹ 10,088 ₹ 1,122 ₹ - As at April 1, 2022 ₹ ( 498 ) ₹ 3,018 ₹ 10,088 ₹ 1,122 ₹ - Other comprehensive income ( 50 ) ( 3,137 ) 705 - - As at March 31, 2023 ₹ ( 548 ) ₹ ( 119 ) ₹ 10,793 ₹ 1,122 ₹ - As at April 1, 2023 ₹ ( 548 ) ₹ ( 119 ) ₹ 10,793 ₹ 1,122 ₹ - Addition through Business combination (Refer to Note 7) - - - - ( 4,238 ) Other comprehensive income 262 1,516 ( 473 ) - - Buyback of equity shares (Refer to Note 22) - - - 539 - As at March 31, 2024 ₹ ( 286 ) ₹ 1,397 ₹ 10,320 ₹ 1,661 ₹ ( 4,238 ) |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Income taxes | 21. Income taxes Year ended March 31, 2022 2023 2024 Income tax expense as per the statement of income ₹ 28,946 ₹ 33,992 ₹ 36,089 Income tax included in other comprehensive income on: Gains/(losses) on investment securities 242 ( 275 ) 259 Gains/(losses) on cash flow hedging derivatives 14 ( 825 ) 554 Remeasurements of the defined benefit plans 3 ( 16 ) 111 ₹ 29,205 ₹ 32,876 ₹ 37,013 Income tax expense consists of the following: Year ended March 31, 2022 2023 2024 Current taxes ₹ 32,415 ₹ 32,198 ₹ 34,973 Deferred taxes ( 3,469 ) 1,794 1,116 ₹ 28,946 ₹ 33,992 ₹ 36,089 The reconciliation between the provision of income tax and amounts computed by applying the Indian statutory income tax rate to profit before taxes is as follows: Year ended March 31, 2022 2023 2024 Profit before tax ₹ 151,275 ₹ 147,657 ₹ 147,210 Enacted income tax rate in India 34.94 % 34.94 % 34.94 % Computed expected tax expense ₹ 52,855 ₹ 51,591 ₹ 51,435 Effect of: Income exempt from tax ₹ ( 17,503 ) ₹ ( 17,398 ) ₹ ( 14,897 ) Basis differences that will reverse during a tax holiday period 1,348 268 ( 202 ) Income taxed at higher / (lower) rates ( 5,649 ) ( 3,818 ) ( 7,497 ) Taxes related to prior years ( 5,499 ) ( 536 ) 2,567 Changes in unrecognized deferred tax assets 669 618 1,092 Expenses disallowed for tax purpose 2,898 3,563 3,945 Others, net ( 173 ) ( 296 ) ( 354 ) Income tax expense ₹ 28,946 ₹ 33,992 ₹ 36,089 Effective income tax rate 19.13 % 23.02 % 24.52 % The components of deferred tax assets and liabilities are as follows: As at March 31, 2023 2024 Deferred tax assets Carry forward losses (1) ₹ 2,624 ₹ 1,254 Trade payables, accrued expenses and other liabilities 6,367 5,793 Allowances for lifetime expected credit loss 1,743 1,618 Cash flow hedges 359 - Others - 94 ₹ 11,093 ₹ 8,759 Deferred tax liabilities Property, plant and equipment ₹ ( 911 ) ₹ ( 912 ) Amortizable goodwill ( 3,855 ) ( 4,909 ) Intangible assets ( 10,170 ) ( 8,601 ) Interest income and fair value movement of investments ( 1,170 ) ( 1,347 ) Contract liabilities ( 370 ) ( 625 ) Special Economic Zone re-investment reserve ( 7,237 ) ( 7,820 ) Cash flow hedges - ( 195 ) Others ( 433 ) - ₹ ( 24,146 ) ₹ ( 24,409 ) Deferred tax liabilities, net ₹ ( 13,053 ) ₹ ( 15,650 ) Amounts presented in consolidated statement of financial position: Deferred tax assets ₹ 2,100 ₹ 1,817 Deferred tax liabilities ( 15,153 ) ( 17,467 ) (1) Includes deferred tax asset recognized on carry forward losses pertaining to business combinations. Movement in deferred tax assets and liabilities Movement during the year ended As at April 1, 2021 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combinations and others Translation adjustment As at March 31, 2022 Carry forward losses ₹ 1,637 ₹ 1,083 ₹ - ₹ ( 677 ) ₹ 101 ₹ 2,144 Trade payables, accrued expenses and other liabilities 5,115 363 ( 3 ) 584 44 6,103 Allowances for lifetime expected credit loss 3,208 ( 248 ) - - 27 2,987 Property, plant and equipment ( 1,268 ) 289 - ( 49 ) ( 30 ) ( 1,058 ) Amortizable goodwill ( 2,065 ) ( 1,129 ) - - ( 91 ) ( 3,285 ) Intangible assets ( 1,249 ) 1,910 - ( 10,094 ) ( 212 ) ( 9,645 ) Interest income and fair value movement of investments ( 1,582 ) 424 ( 242 ) 336 ( 3 ) ( 1,067 ) Cash flow hedges ( 452 ) - ( 14 ) - - ( 466 ) Contract asset / (Contract liabilities) 91 ( 205 ) - 47 7 ( 60 ) Special Economic Zone re-investment reserve ( 6,494 ) 945 - - - ( 5,549 ) Others 90 37 - 24 ( 98 ) 53 Deferred tax liabilities, net ₹ ( 2,969 ) ₹ 3,469 ₹ ( 259 ) ₹ ( 9,829 ) ₹ ( 255 ) ₹ ( 9,843 ) Movement during the year ended As at April 1, 2022 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combinations and others Translation adjustment As at March 31, 2023 Carry forward losses ₹ 2,144 ₹ 397 ₹ - ₹ - ₹ 83 ₹ 2,624 Trade payables, accrued expenses and other liabilities 6,103 99 16 - 149 6,367 Allowances for lifetime expected credit loss 2,987 ( 1,234 ) - - ( 10 ) 1,743 Property, plant and equipment ( 1,058 ) 202 - - ( 55 ) ( 911 ) Amortizable goodwill ( 3,285 ) ( 299 ) - - ( 271 ) ( 3,855 ) Intangible assets ( 9,645 ) 1,947 - ( 1,750 ) ( 722 ) ( 10,170 ) Interest income and fair value movement of investments ( 1,067 ) ( 367 ) 275 - ( 11 ) ( 1,170 ) Cash flow hedges ( 466 ) - 825 - - 359 Contract asset / (Contract liabilities) ( 60 ) ( 298 ) - - ( 12 ) ( 370 ) Special Economic Zone re-investment reserve ( 5,549 ) ( 1,688 ) - - - ( 7,237 ) Others 53 ( 553 ) - 134 ( 67 ) ( 433 ) Deferred tax liabilities, net ₹ ( 9,843 ) ₹ ( 1,794 ) ₹ 1,116 ₹ ( 1,616 ) ₹ ( 916 ) ₹ ( 13,053 ) Movement during the year ended As at April 1, 2023 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combination and others Translation adjustment As at March 31, 2024 Carry forward losses ₹ 2,624 ₹ ( 1,384 ) ₹ - ₹ - ₹ 14 ₹ 1,254 Trade payables, accrued expenses and other liabilities 6,367 ( 477 ) ( 111 ) ( 4 ) 18 5,793 Allowances for lifetime expected credit loss 1,743 ( 129 ) - - 4 1,618 Property, plant and equipment ( 911 ) ( 1 ) - - - ( 912 ) Amortizable goodwill ( 3,855 ) ( 993 ) - - ( 61 ) ( 4,909 ) Intangible assets ( 10,170 ) 2,067 - ( 367 ) ( 131 ) ( 8,601 ) Interest income and fair value movement of investments ( 1,170 ) 82 ( 259 ) - - ( 1,347 ) Cash flow hedges 359 - ( 554 ) - - ( 195 ) Contract asset / (Contract liabilities) ( 370 ) ( 257 ) - 5 ( 3 ) ( 625 ) Special Economic Zone re-investment reserve ( 7,237 ) ( 583 ) - - - ( 7,820 ) Others ( 433 ) 559 - ( 22 ) ( 10 ) 94 Deferred tax liabilities, net ₹ ( 13,053 ) ₹ ( 1,116 ) ₹ ( 924 ) ₹ ( 388 ) ₹ ( 169 ) ₹ ( 15,650 ) Deferred taxes on unrealized foreign exchange gain / loss relating to cash flow hedges, fair value movements in investments and remeasurements of the defined benefit plans are recognized in other comprehensive income. Deferred tax liability on the intangible assets identified and carry forward losses on acquisitions is recorded by an adjustment to goodwill. Other than these, the change in deferred tax assets and liabilities is primarily recorded in the consolidated statement of income. In assessing the realizability of deferred tax assets, the Company considers the extent to which it is probable that the deferred tax asset will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carry-forwards become deductible. The Company considers the expected reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on this, the Company believes that it is probable that the Company will realize the benefits of these deductible differences. The amount of deferred tax asset considered realizable, however, could be reduced in the near term if the estimates of future taxable income during the carry-forward period are reduced. Deferred tax asset amounting to ₹ 9,321 and ₹ 10,676 as at March 31, 2023 and 2024, respectively in respect of unused tax losses have not been recognized by the Company. The tax loss carry-forwards of ₹ 38,564 and ₹ 43,785 as at March 31, 2023 and 2024, respectively, on which deferred tax asset has not been recognized by the Company, because it is probable that future taxable profits will not be available against which the unused tax losses can be utilized in the foreseeable future. Approximately, ₹ 35,621 , and ₹ 40,409 as at March 31, 2023 and 2024, respectively, of these tax loss carry-forwards is not currently subject to expiration dates. The remaining tax loss carry-forwards of approximately ₹ 2,943 and ₹ 3,376 as at March 31, 2023 and 2024, respectively, expires in various years through fiscal year 2043 . The Company has recognized deferred tax assets of ₹ 2,624 and ₹ 1,254 p rimarily in respect of carry forward losses including certain subsidiaries as at March 31, 2023 and 2024, respectively. Management’s projections of future taxable income and tax planning strategies support the assumption that it is probable that sufficient taxable income will be available to utilize these deferred tax assets. We have calculated our domestic tax liability under normal provisions. Accordingly, no deferred tax asset has been recognized towards MAT in the statement of financial position for the years ended March 31, 2023 and 2024. The effective MAT rate is 17.47 %. The excess tax paid under MAT provisions over and above normal tax liability can be carried forward for a period of fifteen years and set-off against future tax liabilities computed under normal tax provisions. A substantial portion of the profits of the Company’s India operations are exempt from Indian income taxes being profits attributable to export operations and profits from units established under the Special Economic Zone Act, 2005 scheme. Units in designated special economic zones providing service on or after April 1, 2005 will be eligible for a deduction of 100 percent of profits or gains derived from the export of services for the first five years from commencement of provision of services and 50 percent of such profits and gains for a further five years. 50% tax deduction is available for a further five years subject to the unit meeting certain defined conditions. Profits from certain other undertakings are also eligible for preferential tax treatment. New Special Economic Zone units set up on or after April 1, 2021 are not eli gible for the aforesaid deduction. The tax holiday period being currently available to the Company expires in various years through fiscal 2034-35 . The impact of tax holidays has resulted in a decrease of current tax expense of ₹ 16,483 , ₹ 16,718 and ₹ 14,308 for the years ended March 31, 2022, 2023 and 2024, respectively, compared to the effective tax amounts that we estimate the Company would have been required to pay if these incentives had not been available. The per share effect of these tax incentives for the years ended March 31, 2022, 2023 and 2024 was ₹ 3.02 , ₹ 3.05 , a nd ₹ 2.71 , res pectively. Deferred income tax liabilities are recognized for all taxable temporary differences except in respect of taxable temporary differences associated with investments in subsidiaries where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Accordingly, deferred income tax liabilities on cumulative earnings of subsidiaries amounting to ₹ 108,724 and ₹ 88,742 as at March 31, 2023 and 2024, respectively and branch profit tax 15 % of the US branch profit have not been recognized. Further, it is not practicable to estimate the amount of the unrecognized deferred tax liabilities for these undistributed earnings. |
Dividends and Buyback of equity
Dividends and Buyback of equity shares | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Dividends and Buyback of equity shares | 22. Dividends and Buyback of equity shares The Company declares and pays dividends in Indian rupees. According to the Companies Act, 2013 any dividend should be declared out of accumulated distributable profits. A Company may, before the declaration of any dividend, transfer a percentage of its profits for that financial year as it may consider appropriate to the reserves. The cash dividends paid per equity share were ₹ 1 , ₹ 6 (including ₹ 5 declared on March 25, 2022) and ₹ 1 , during the years ended March 31, 2022, 2023 and 2024, respectively. During the year ended March 31, 2024, the Company concluded the buyback of 269,662,921 equity shares (at a price of ₹ 445 per equity share) as approved by the Board of Directors on April 27, 2023. This has resulted in a total cash outflow of ₹ 145,173 (including tax on buyback of ₹ 24,783 and transaction costs related to buyback of ₹ 390 ). In line with the requirement of the Companies Act, 2013, an amount of ₹ 3,768 and ₹ 141,405 has been utilized from share premium and retained earnings respectively. Further, capital redemption reserve (included in other reserves) of ₹ 539 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buyback, the paid-up equity share capital has reduced by ₹ 539 . |
Additional capital disclosures
Additional capital disclosures | 12 Months Ended |
Mar. 31, 2024 | |
Capital structure [abstract] | |
Additional capital disclosures | 23. Additional capital disclosures The key objective of the Company’s capital management is to ensure that it maintains a stable capital structure with the focus on total equity to uphold investor, creditor, and customer confidence and to ensure future development of its business. The Company’s focus is to keep strong total equity base to ensure independence, security, as well as a high financial flexibility for potential future borrowings, if required without impacting the risk profile of the Company. The Company’s goal is to continue to be able to return excess liquidity to shareholders by continuing to distribute annual dividends in future periods. The amount of future dividends/ buyback of equity shares will be balanced with efforts to continue to maintain an adequate liquidity status. The capital structure as at March 31, 2023 and 2024 was as follows: As at March 31, 2023 2024 % Change Equity attributable to the equity shareholders of the Company ₹ 781,164 ₹ 749,883 ( 4.0 )% As percentage of total capital 82 % 82 % Current loans, borrowings and bank overdrafts 88,821 79,166 Non-current loans and borrowings 61,272 62,300 Current and non-current lease liabilities 24,573 23,183 Total loans, borrowings and bank overdrafts and lease liabilities ₹ 174,666 ₹ 164,649 ( 5.7 )% As percentage of total capital 18 % 18 % Total capital ₹ 955,830 ₹ 914,532 ( 4.3 )% Loans and borrowings represent 16 % and 15 % of total capital as at March 31, 2023 and 2024, respectively. The Company is not subjected to any externally imposed capital requirements. |
Revenue
Revenue | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Revenue | 24. Revenue A. Contract assets and Contract liabilities The following table presents the changes in contract assets balance: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 20,647 ₹ 23,001 Amount reclassified to receivables pertaining to fixed price development contracts on completion of milestones ( 15,541 ) ( 18,139 ) Increase due to revenue recognized during the year 17,496 14,896 Translation adjustment 399 96 Balance at the end of the year ₹ 23,001 ₹ 19,854 The following table presents the changes in contract liabilities balance: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 27,915 ₹ 22,682 Revenue recognized from opening balance of contract liabilities ( 21,696 ) ( 19,815 ) Increase due to invoicing during the year 16,063 14,761 Translation adjustment 400 25 Balance at the end of the year ₹ 22,682 ₹ 17,653 Contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. B. Remaining performance obligations Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes contract liabilities and amounts that will be invoiced and recognized as revenue in future periods. Applying the practical expedient, the Company has not disclosed its right to consideration from customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date, which are contracts invoiced on time and material basis and volume based. As at March 31, 2022, 2023 and 2024, the aggregate amount of the Transaction Price allocated to remaining performance obligations, other than those meeting the exclusion criteria above, were ₹ 328,191 , ₹ 317,612 and ₹ 318,756 , respectively of which approximately 59 %, 66 % and 66 %, respectively is expected to be recognized as revenues within two years, and the remainder thereafter. This includes contracts with a substantive enforceable termination penalty if the contract is terminated without cause by the customer, based on an overall assessment of the contract carried out at the time of inception. Historically, customers have not terminated contracts without cause. C. Disaggregation of revenue The tables below present disaggregated revenue from contracts with customers by business segment (refer to Note 34 “Segment Information”), sector and nature of contract. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors. Effective April 1, 2023, the Company has reorganized its segments by merging India State Run Enterprises (“ISRE”) segment as part of its APMEA SMU within IT Services segment. Comparative period disaggregated revenue information has been restated to give effect to this change. Information on disaggregation of revenues for the year ended March 31, 2022 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ - ₹ 784,761 Sale of products - - - - - 6,173 6,173 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,609 ₹ 144,076 ₹ 93,039 ₹ 33,636 ₹ 273,360 Health 73,542 127 13,975 3,499 91,143 Consumer 89,824 2,589 31,718 15,047 139,178 Communications 9,387 1,207 12,952 15,035 38,581 Energy, Natural Resources and Utilities 712 36,413 38,421 19,492 95,038 Manufacturing 199 26,662 23,220 3,518 53,599 Technology 40,570 27,049 18,696 7,547 93,862 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 C. Revenue by nature of contract Fixed price and volume based ₹ 121,656 ₹ 131,975 ₹ 139,031 ₹ 61,893 ₹ 454,555 ₹ - ₹ 454,555 Time and materials 95,187 106,148 92,990 35,881 330,206 - 330,206 Products - - - - - 6,173 6,173 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 Information on disaggregation of revenues for the year ended March 31, 2023 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ - ₹ 898,829 Sale of products - - - - - 6,047 6,047 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 B. Revenue by sector Banking, Financial Services and Insurance ₹ 4,611 ₹ 171,085 ₹ 102,741 ₹ 36,408 ₹ 314,845 Health 82,992 213 17,896 4,100 105,201 Consumer 109,398 4,087 38,010 18,270 169,765 Communications 13,059 1,399 13,510 14,405 42,373 Energy, Natural Resources and Utilities 739 39,949 39,767 22,644 103,099 Manufacturing 163 33,148 24,732 3,739 61,782 Technology 49,181 27,143 18,779 6,661 101,764 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 C. Revenue by nature of contract Fixed price and volume based ₹ 150,188 ₹ 141,397 ₹ 146,280 ₹ 63,339 ₹ 501,204 ₹ - ₹ 501,204 Time and materials 109,955 135,627 109,155 42,888 397,625 - 397,625 Products - - - - - 6,047 6,047 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 Information on disaggregation of revenues for the year ended March 31, 2024 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ - ₹ 893,476 Sale of products - - - - - 4,127 4,127 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,462 ₹ 165,002 ₹ 95,475 ₹ 35,762 ₹ 298,701 Health 95,496 162 17,699 4,954 118,311 Consumer 102,439 5,351 43,035 16,387 167,212 Communications 11,979 1,287 11,396 12,673 37,335 Energy, Natural Resources and Utilities 1,317 42,032 41,165 21,039 105,553 Manufacturing 91 31,620 25,482 4,348 61,541 Technology 54,347 23,933 19,565 6,978 104,823 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 C. Revenue by nature of contract Fixed price and volume based ₹ 150,253 ₹ 140,676 ₹ 149,007 ₹ 62,011 ₹ 501,947 ₹ - ₹ 501,947 Time and materials 117,878 128,711 104,810 40,130 391,529 - 391,529 Products - - - - - 4,127 4,127 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 |
Expenses by nature
Expenses by nature | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Expenses by nature | 25. Expenses by nature Year ended March 31, 2022 2023 2024 Employee compensation ₹ 450,075 ₹ 537,644 ₹ 549,301 Sub-contracting and technical fees 108,589 115,247 103,030 Cost of hardware and software 6,431 6,627 4,116 Travel 7,320 14,445 15,102 Facility expenses 11,990 13,492 14,556 Software license expense for internal use 13,279 18,717 18,378 Depreciation, amortization and impairment (1) 30,911 33,402 34,071 Communication 5,760 5,911 4,878 Legal and professional fees 15,026 13,288 9,559 Rates, taxes and insurance 4,548 5,905 5,993 Marketing and brand building 2,010 2,951 3,555 Lifetime expected credit loss/ (write-back) ( 797 ) ( 604 ) 640 (Gain)/loss on sale of property, plant and equipment, net (2) ( 313 ) ( 89 ) ( 2,072 ) Miscellaneous expenses (2)(3) 2,360 2,806 737 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 657,189 ₹ 769,742 ₹ 761,844 (1) Depreciation, amortization, and impairment includes an impairment charge on intangible assets amounting to ₹ Nil , ₹ 1,816 and ₹ 1,701 , for the years ended March 31, 2022, 2023 and 2024, respectively. (Refer to Note 6) (2) (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ ( 2,357 ). (3) Miscellaneous expenses are net of reversals of contingent consideration (Refer to Note 19). |
Other operating income_(loss),
Other operating income/(loss), net | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Other operating income/(loss), net | 26. Other operating income/(loss), net During the year ended March 31, 2022, the Company sold its investment in Ensono Holdings, LLC as a result of an acquisition by another investor for a consideration of ₹ 5,628 and recognized a cumulative gain of ₹ 1,252 (net of tax ₹ 430 ) in other comprehensive income being profit on sale of investment designated as FVTOCI. The Company also recognized ₹ 1,233 for the year ended March 31, 2022 under other operating income/(loss), net towards change in fair value of callable units pertaining to achievement of cumulative business targets. During the year ended March 31, 2022, the Company sold its investment in Denim Group as a result of an acquisition by another investor for a consideration of ₹ 1,652 and recognized a cumulative gain of ₹ 953 in other operating income/(loss), net including reclassification of exchange differences on foreign currency translation. |
Finance expenses
Finance expenses | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Finance expenses | 27. Finance expenses Year ended March 31, 2022 2023 2024 Interest expense (1) ₹ 5,325 ₹ 10,077 ₹ 12,552 ₹ 5,325 ₹ 10,077 ₹ 12,552 (1) Refer to Note 5 for Interest expenses on lease liabilities. |
Finance and other income and Fo
Finance and other income and Foreign exchange gains/(losses), net | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Finance and other income and Foreign exchange gains/(losses), net | 28. Finance and other income and Foreign exchange gains/(losses), net Year ended March 31, 2022 2023 2024 Interest income ₹ 13,114 ₹ 16,889 ₹ 19,478 Dividend income from equity investments designated as FVTOCI 2 3 3 Exchange fluctuation gain on foreign currency borrowings 1,485 - - Net gain from investments classified as FVTPL 1,270 1,344 4,558 Net gain/(loss) from investments classified as FVTOCI 386 ( 51 ) ( 143 ) Finance and other income ₹ 16,257 ₹ 18,185 ₹ 23,896 Foreign exchange gains/(losses), net on financial instruments measured at FVTPL ₹ 808 ₹ ( 4,342 ) ₹ 650 Other foreign exchange gains/(losses), net 3,547 8,814 ( 310 ) Foreign exchange gains/(losses), net ₹ 4,355 ₹ 4,472 ₹ 340 |
Earnings per equity share
Earnings per equity share | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Earnings per equity share | 29. Earnings per equity share A reconciliation of profit for the year and equity shares used in the computation of basic and diluted earnings per equity share is set out below: Basic: Basic earnings per equity share is calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the year, excluding equity shares purchased by the Company and held as treasury shares. Year ended March 31, 2022 2023 2024 Profit attributable to equity holders of the Company ₹ 122,191 ₹ 113,500 ₹ 110,452 Weighted average number of equity shares outstanding 5,466,705,840 5,477,466,573 5,288,285,555 Basic earnings per equity share ₹ 22.35 ₹ 20.73 ₹ 20.89 Diluted: Diluted earnings per equity share is calculated by adjusting the weighted average number of equity shares outstanding during the year for assumed conversion of all dilutive potential equity shares. Employee share options are dilutive potential equity shares for the Company. The calculation is performed in respect of share options to determine the number of equity shares that could have been acquired at fair value (determined as the average market price of the Company’s equity shares during the year). The number of equity shares calculated as above is compared with the number of equity shares that would have been issued assuming the exercise of the share options. Year ended March 31, 2022 2023 2024 Profit attributable to equity holders of the Company ₹ 122,191 ₹ 113,500 ₹ 110,452 Weighted average number of equity shares outstanding 5,466,705,840 5,477,466,573 5,288,285,555 Effect of dilutive equivalent share options 15,377,598 11,524,602 17,426,759 Weighted average number of equity shares for diluted earnings per share 5,482,083,438 5,488,991,175 5,305,712,314 Diluted earnings per equity share ₹ 22.29 ₹ 20.68 ₹ 20.82 |
Employee stock incentive plans
Employee stock incentive plans | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Employee stock incentive plans | 30. Employee stock incentive plans The stock compensation expense recognized for employee services received during the year ended March 31, 2022, 2023 and 2024, were ₹ 4,164 , ₹ 3,958 , and ₹ 5,590 , respectively. Wipro Equity Reward Trust ("WERT") In 1984, the Company established a controlled trust called WERT. In the earlier years, WERT purchased shares of the Company out of funds borrowed from the Company. The Company’s Nomination and Remuneration Committee recommends to WERT certain officers and key employees, to whom WERT issues shares from its holdings at nominal price subject to vesting conditions. WERT held 14,689,729 , 9,895,836 and 5,952,740 treasury shares as at March 31, 2022, 2023 and 2024, respectively. Wipro Employee Restricted Stock Unit Option Plans A summary of the general terms of grants under restricted stock unit option plans are as follows: Name of Plan Number of options reserved under the plan Range of exercise price Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) (1) 59,797,979 US$ 0.03 Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) (1) 59,797,979 ₹ 2 Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) (1) 49,831,651 ₹ 2 Employees covered under restricted stock unit (the “RSUs” ) option plans are granted an option to purchase shares of the Company at the respective exercise prices, subject to requirements of vesting conditions. These options generally vest in tranches over a period of one to three years from the date of grant. Upon vesting, the employees can acquire one equity share for every option. (1) The maximum contractual term for these RSUs option plans is perpetual until the options are available for grant under the plan. The activity in equity-settled restricted stock unit option plans is summarized below: Year ended March 31, 2022 2023 2024 Range of exercise price and weighted average exercise price Numbers of options Outstanding at the beginning of the year ₹ 2 15,831,948 12,242,672 8,452,491 US $ 0.03 10,822,476 17,511,902 16,457,558 Granted (1) ₹ 2 2,500,481 2,756,820 5,237,166 US $ 0.03 10,470,026 8,440,980 14,546,143 Adjustment of Performance based stock options on completion ₹ 2 608,435 ( 343,451 ) ( 655,831 ) US $ 0.03 570,076 ( 943,333 ) ( 1,807,750 ) Exercised ₹ 2 ( 4,712,311 ) ( 4,910,689 ) ( 4,151,654 ) US $ 0.03 ( 2,930,735 ) ( 5,730,830 ) ( 6,674,868 ) Forfeited and expired ₹ 2 ( 1,985,881 ) ( 1,292,861 ) ( 1,146,503 ) US $ 0.03 ( 1,419,941 ) ( 2,821,161 ) ( 3,669,857 ) Outstanding at the end of the year ₹ 2 12,242,672 8,452,491 7,735,669 US $ 0.03 17,511,902 16,457,558 18,851,226 Exercisable at the end of the year ₹ 2 2,478,568 2,806,799 1,905,001 US $ 0.03 1,072,118 1,329,682 2,038,346 (1) Includes 1,135,949 , Nil and 1,892,498 Performance based stock options (RSUs) during the year ended March 31, 2022, 2023 and 2024, respectively. 2,941,546 , Nil and 5,659,164 Performance based stock options (ADS) during the year ended March 31, 2022, 2023 and 2024, respectively. Performance based stock options (RSUs) were issued under Wipro Employee Restricted Stock Unit plan 2007 (WSRUP 2007 plan) and Performance based stock options (ADS) were issued under Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan). Performance based stock options will vest based on the performance parameters of the Company. The activity in cash-settled restricted stock unit option plans is summarized below: Year ended March 31, 2022 2023 2024 Number of options Outstanding at the beginning of the year 78,199 24,600 11,800 Exercised ( 46,133 ) ( 12,800 ) ( 4,800 ) Forfeited and expired ( 7,466 ) - - Outstanding at the end of the year 24,600 11,800 7,000 Exercisable at the end of the year 2,800 7,600 7,000 The following table summarizes information about outstanding restricted stock unit option plans: Year ended March 31, 2022 2023 2024 Range of exercise price and weighted average exercise price Number of options Weighted average remaining life (months) Number of options Weighted average remaining life (months) Number of options Weighted average remaining life (months) ₹ 2 12,242,672 13 8,452,491 14 7,735,669 18 US$ 0.03 17,511,902 20 16,457,558 21 18,851,226 20 The weighted average grant date fair value of options granted during the year ended March 31, 2022, 2023 and 2024 was ₹ 603.47 , ₹ 422.37 , and ₹ 387.67 for each option, respectively. The weighted average share price of options exercised during the year ended March 31, 2021, 2022 and 2023 was ₹ 604.47 , ₹ 421.06 , and ₹ 422.87 for each option, respectively. |
Employee benefits
Employee benefits | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Employee benefits | 31. Employee benefits a) Employee costs includes Year ended March 31, 2022 2023 2024 Salaries and bonus ₹ 429,837 ₹ 516,063 ₹ 524,484 Employee benefits plans 16,074 17,623 19,227 Share-based compensation (1) 4,164 3,958 5,590 ₹ 450,075 ₹ 537,644 ₹ 549,301 (1) Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2022 2023 2024 Cost of revenues ₹ 382,446 ₹ 456,759 ₹ 459,466 Selling and marketing expenses 41,339 46,840 51,224 General and administrative expenses 26,290 34,045 38,611 ₹ 450,075 ₹ 537,644 ₹ 549,301 Defined benefit plan actuarial (gains)/losses recognized in other comprehensive income include: Year ended March 31, 2022 2023 2024 Return on plan assets excluding interest income - loss/(gain) ₹ ( 30 ) ₹ 626 ₹ ( 675 ) Actuarial loss/(gain) arising from financial assumptions ( 625 ) ( 2,106 ) 373 Actuarial loss/(gain) arising from demographic assumptions ( 667 ) 342 98 Actuarial loss/(gain) arising from experience adjustments 920 741 82 Changes in asset ceiling - 463 ( 71 ) (Gain)/loss on re-measurement of defined benefit plans, net ₹ ( 402 ) ₹ 66 ₹ ( 193 ) Deferred tax (asset)/liability thereon 3 ( 16 ) 111 (Gain)/loss on re-measurement of defined benefit plans, net of deferred taxes ₹ ( 399 ) ₹ 50 ₹ ( 82 ) b) Gratuity and foreign pension Defined benefit plans include gratuity for employees drawing salary in Indian rupees, pension and certain benefit plans in foreign jurisdictions. Amount recognized in the consolidated statement of income in respect of defined benefit plans is as follows: Year ended March 31, 2022 2023 2024 Current service cost ₹ 2,674 ₹ 2,682 ₹ 2,993 Net interest expense on net defined benefit liability/(asset) 64 45 45 Net charge to statement of income ₹ 2,738 ₹ 2,727 ₹ 3,038 Actual return on plan assets ₹ 715 ₹ 184 ₹ 1,828 Change in present value of defined benefit obligation is summarized below: As at March 31, 2023 2024 Defined benefit obligation at the beginning of the year ₹ 18,893 ₹ 18,613 Addition through Business combination 94 13 Current service cost 2,682 2,993 Interest expense on obligation 855 1,178 Benefits paid ( 3,291 ) ( 1,927 ) Remeasurement loss/(gain) Actuarial loss/(gain) arising from financial assumptions ( 2,106 ) 373 Actuarial loss/(gain) arising from demographic assumptions 342 98 Actuarial loss/(gain) arising from experience adjustments 741 82 Translation adjustment 403 93 Defined benefit obligation at the end of the year ₹ 18,613 ₹ 21,516 Change in plan assets is summarized below: As at March 31, 2023 2024 Fair value of plan assets at the beginning of the year ₹ 17,701 ₹ 18,005 Expected return on plan assets 810 1,153 Employer contributions 306 140 Benefits paid ( 513 ) ( 20 ) Remeasurement (loss)/gain Return on plan assets excluding interest income - (loss)/gain ( 626 ) 675 Translation adjustment 327 69 Fair value of plan assets at the end of the year ₹ 18,005 ₹ 20,022 As at March 31, 2023 2024 Defined benefit obligation 18,613 21,516 Fair value of plan assets 18,005 20,022 Present value of unfunded obligation ₹ ( 608 ) ₹ ( 1,494 ) Effect of asset ceiling ( 490 ) ( 442 ) Recognized liability ₹ ( 1,098 ) ₹ ( 1,936 ) Change in effect of asset ceiling is summarized below: As at March 31, 2023 2024 Effect of asset ceiling at the beginning of the year ₹ - ₹ 490 Interest expense on effect of asset ceiling - 20 Changes in the effect of limiting the surplus to the asset ceiling 463 ( 71 ) Translation adjustment 27 3 Effect of asset ceiling at the end of the year ₹ 490 ₹ 442 As at March 31, 2023 and 2024, plan assets were primarily invested in insurer managed funds. The Company has established an income tax approved irrevocable trust fund to which it regularly contributes to finance the liabilities of the gratuity plan. The fund’s investments are managed by certain insurance companies as per the selection made by the trustees among the fund plan available. The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows: As at March 31, 2023 2024 Discount rate 6.31 % 6.11 % Expected return on plan assets 6.31 % 6.11 % Expected rate of salary increase 6.30 % 6.29 % Duration of defined benefit obligations 7.53 years 7.42 years The discount rate is primarily based on the prevailing market yields of government securities for the estimated term of the obligations. The estimates of future salary increase considered takes into account the inflation, seniority, promotion and other relevant factors. Attrition rate considered is the management’s estimate, based on previous years’ employee turnover of the Company. The expected return on plan assets is based on expectation of the average long-term rate of return expected on investments of the fund during the estimated term of the obligations. Expected future contribution and estimated future benefit payments from the fund are as follows: For the year ended March 31, 2023 Expected contribution to the fund during the year ending March 31, 2024 ₹ 1,857 Estimated benefit payments from the fund for the year ending March 31: 2024 ₹ 2,583 2025 2,126 2026 2,061 2027 2,068 2028 1,851 Thereafter 15,479 Total ₹ 26,168 For the year ended March 31, 2024 Expected contribution to the fund during the year ending March 31, 2025 ₹ 2,476 Estimated benefit payments from the fund for the year ending March 31: 2025 ₹ 3,079 2026 2,578 2027 2,621 2028 2,380 2029 2,225 Thereafter 17,176 Total ₹ 30,059 The expected benefits are based on the same assumptions used to measure the Company’s benefit obligations as at March 31, 2024. Sensitivity for significant actuarial assumptions is computed to show the movement in defined benefit obligation by 1 percentage. As of March 31, 2024, every 1 percentage point increase/ (decrease) in discount rate will result in (decrease)/increase of defined benefit obligation by approximately ₹ ( 1,436 ) and ₹ 1,649 respectively (March 31, 2023: ₹ ( 1,288 ) and ₹ 1,469 respectively). As of March 31, 2024, every 1 percentage point increase/ (decrease) in expected rate of salary will result in increase/ (decrease) of defined benefit obligation by approximately ₹ 1,118 and ₹ ( 1,051 ) respectively (March 31, 2023: ₹ 986 and ₹ ( 934 ) respectively). The sensitivity analysis to significant actuarial assumptions may not be representative of the actual change in the defined benefit obligations as the change in assumptions may not occur in isolation since some of the assumptions may be correlated. Furthermore, in presenting the sensitivity analysis, the present value of the defined benefit obligations has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation liability recognized in the statement of financial position. c) Provident fund: The details of fund and plan assets are given below: As at March 31, 2023 2024 Fair value of plan assets ₹ 90,938 ₹ 106,781 Present value of defined benefit obligation ( 90,938 ) ( 106,781 ) Net shortfall ₹ - ₹ - The total expense for the years ended March 31, 2022, 2023 and 2024 is ₹ 3,578 , ₹ 5,941 and ₹ 6,265 , respectively. The plan assets have been invested as per the regulations of Employees' Provident Fund Organization (EPFO). The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows: As at March 31, 2023 2024 Discount rate for the term of the obligation 7.35 % 7.20 % Average remaining tenure of investment portfolio 6.43 years 6.61 years Guaranteed rate of return 8.15 % 8.25 % d) Defined contribution plans: The total expense for the years ended March 31, 2022, 2023 and 2024 is ₹ 9,822 , ₹ 9,000 and ₹ 9,969 , respectively. |
Related party relationship and
Related party relationship and transactions | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Related party relationship and transactions | 32. Related party relationship and transactions List of subsidiaries, associate and joint venture as at Ma rch 31, 2024, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Attune Consulting India Private Limited India Capco Technologies Private Limited India Wipro Technology Product Services Private Limited (formerly known as Encore Theme Technologies Private Limited) India Wipro Chengdu Limited China Wipro Holdings (UK) Limited U.K . Wipro Financial Outsourcing Services Limited U.K . Wipro UK Limited U.K. Wipro IT Services S.R.L. Romania Wipro HR Services India Private Limited India Wipro IT Services Bangladesh Limited Bangladesh Wipro IT Services UK Societas U.K. Designit A/S Denmark Designit Denmark A/S Denmark Designit Germany GmbH Germany Designit Oslo A/S Norway Designit Spain Digital, S.L.U Spain Designit Sweden AB Sweden Designit T.L.V Ltd. Israel Wipro Bahrain Limited Co. W.L.L Bahrain Wipro Czech Republic IT Services s.r.o. Czech Republic Wipro 4C NV Belgium Wipro 4C Consulting France SAS France Wipro 4C Nederland B.V Netherlands Wipro CRM Services ApS (formerly known as Wipro 4C Danmark ApS) Denmark Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) (1) U.K . Grove Holdings 2 S.á.r.l Luxembourg Capco Solution Services GmbH Germany The Capital Markets Company Italy Srl Italy Capco Brasil Serviços E Consultoria Ltda (formerly known as Capco Brasil Serviços E Consultoria Em Informática Ltda) Brazil The Capital Markets Company BV (1) Belgium PT. WT Indonesia Indonesia Rainbow Software LLC Iraq Wipro Arabia Limited (2) Saudi Arabia Women's Business Park Technologies Limited (2) Saudi Arabia Wipro Doha LLC Qatar Wipro Gulf LLC Sultanate of Oman Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary Wipro Information Technology Netherlands BV. Netherlands Wipro do Brasil Technologia Ltda (1) Brazil Wipro Information Technology Kazakhstan LLP Kazakhstan Wipro Outsourcing Services (Ireland) Limited Ireland Wipro Portugal S.A. (1) Portugal Wipro Solutions Canada Limited Canada Wipro Technologies Limited Russia Wipro Technologies Peru SAC Peru Wipro Technologies W.T. Sociedad Anonima Costa Rica Wipro Technology Chile SPA Chile Wipro IT Service Ukraine, LLC Ukraine Wipro IT Services Poland SP Z.O.O Poland Wipro Regional Headquarter Saudi Arabia Wipro Technologies Australia Pty Ltd Australia Wipro Ampion Holdings Pty Ltd (1) Australia Wipro Technologies SA Argentina Wipro Technologies SA DE CV Mexico Wipro Technologies South Africa (Proprietary) Limited South Africa Wipro Technologies Nigeria Limited Nigeria Wipro Technologies SRL Romania Wipro (Thailand) Co. Limited Thailand Wipro Japan KK Japan Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Overseas IT Services Private Limited India Wipro Philippines, Inc. Philippines Wipro Shanghai Limited China Wipro Trademarks Holding Limited India Wipro Travel Services Limited India Wipro VLSI Design Services India Private Limited India Wipro, LLC USA Wipro Gallagher Solutions, LLC USA Wipro Insurance Solutions, LLC USA Wipro IT Services, LLC USA Aggne Global Inc. (3) USA Cardinal US Holdings, Inc. (1) USA Designit North America, Inc. USA Edgile, LLC USA HealthPlan Services, Inc . (1) USA Infocrossing, LLC USA International TechneGroup Incorporated (1) USA Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) (1) USA Rizing Intermediate Holdings, Inc. (1) USA Wipro Appirio, Inc. (1) USA Wipro Designit Services, Inc. (1) USA Wipro Telecom Consulting LLC (formerly known as Convergence Acceleration Solutions, LLC) USA Wipro VLSI Design Services, LLC USA Aggne Global IT Services Private Limited (3) India The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD' incorporated in South Africa and Wipro Foundation in India. (2) All the above direct subsidiaries are 100 % held by the Company except that the Company holds 66.67 % of the equity securities of Wipro Arabia Limited and 55 % of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Limited. (3) The Company has acquired 60 % of the equity securities of Aggne Global IT Services Private Limited and Wipro IT Services, LLC has acquired 60 % of the equity securities of Aggne Global Inc. (1) Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup Incorporated, Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.), Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda, Wipro Portugal S.A. and Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Cardinal US Holdings, Inc. USA ATOM Solutions LLC USA Capco Consulting Services LLC USA Capco RISC Consulting LLC USA The Capital Markets Company LLC USA HealthPlan Services, Inc . USA HealthPlan Services Insurance Agency, LLC USA International TechneGroup Incorporated USA International TechneGroup Ltd. U.K. ITI Proficiency Ltd Israel MechWorks S.R.L. Italy Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) USA LeanSwift AB Sweden Rizing Intermediate Holdings, Inc. USA Rizing Lanka (Private) Ltd Sri Lanka Attune Netherlands B.V. (4) Netherlands Rizing Solutions Canada Inc. Canada Rizing LLC USA Aasonn Philippines Inc. Philippines Rizing B.V. Netherlands Rizing Consulting Ireland Limited Ireland Rizing Consulting Pty Ltd. Australia Rizing Geospatial LLC USA Rizing GmbH Germany Rizing Limited U.K. Rizing Pte Ltd. (4) Singapore The Capital Markets Company BV Belgium CapAfric Consulting (Pty) Ltd South Africa Capco Belgium BV Belgium Capco Consultancy (Malaysia) Sdn. Bhd Malaysia Capco Consultancy (Thailand) Ltd Thailand Capco Consulting Singapore Pte. Ltd Singapore Capco Greece Single Member P.C Greece Capco Poland sp. z.o.o Poland The Capital Markets Company (UK) Ltd U.K. Capco (UK) 1, Limited U.K. The Capital Markets Company BV Netherlands The Capital Markets Company GmbH Germany Capco Austria GmbH Austria The Capital Markets Company Limited Hong Kong Capco Consulting Services (Guangzhou) Company Limited China The Capital Markets Company Limited Canada The Capital Markets Company S.á.r.l Switzerland Andrion AG Switzerland The Capital Markets Company S.A.S France The Capital Markets Company s.r.o Slovakia Wipro Ampion Holdings Pty Ltd Australia Wipro Revolution IT Pty Ltd Australia Crowdsprint Pty Ltd Australia Wipro Shelde Australia Pty Ltd Australia Wipro Appirio, Inc. USA Wipro Appirio (Ireland) Limited Ireland Wipro Appirio UK Limited U.K. Topcoder, LLC. USA Wipro Designit Services, Inc. USA Wipro Designit Services Limited Ireland Wipro do Brasil Technologia Ltda Brazil Wipro do Brasil Servicos Ltda Brazil Wipro Do Brasil Sistemas De Informatica Ltda Brazil Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro Business Solutions GmbH (4) Germany Wipro IT Services Austria GmbH Austria Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) U.K . CloudSocius DMCC United Arab Emirates (4) Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Attune Netherlands B.V. Netherlands Attune Australia Pty Ltd Australia Rizing Consulting USA, Inc . USA Rizing Germany GmbH Germany Attune Italia S.R.L Italy Rizing Management LLC USA Attune UK Ltd. U.K. Rizing Pte Ltd. Singapore Rizing New Zealand Ltd. New Zealand Rizing Philippines Inc. Philippines Rizing SDN BHD Malaysia Rizing Solutions Pty Ltd Australia Synchrony Global SDN BHD Malaysia Wipro Business Solutions GmbH Germany Wipro Technology Solutions S.R.L Romania As at March 31, 2024, the Company held 43.7 % interest in Drivestream Inc. and 27 % interest in SDVerse LLC, accounted for using the equity method. The list of controlled trusts are: Name of the entity Country of incorporation Wipro Equity Reward Trust India Wipro Foundation India The other related parties are: Name of the related parties: Nature Azim Premji Foundation Entity controlled by Promoters Azim Premji Foundation for Development Entity controlled by Promoters Hasham Traders Entity controlled by Promoters Prazim Traders Entity controlled by Promoters Zash Traders Entity controlled by Promoters Hasham Investment and Trading Co. Pvt. Ltd Entity controlled by Promoters Azim Premji Philanthropic Initiatives Pvt. Ltd Entity controlled by Promoters Azim Premji Trust Entity controlled by Promoters Azim Premji Trustee Company Pvt Ltd Entity controlled by Promoters Azim Premji Safe Deposit Pvt Ltd Entity controlled by Promoters Hasham Premji Pvt Ltd Entity controlled by Promoters PI Opportunities Fund I Entity controlled by Promoters PI Opportunities Fund II Entity controlled by Promoters Apex Trust Entity controlled by Promoters Napean Trading and Investment Company (Singapore) Pte Ltd Entity controlled by Promoters Pioneer Private Trust Entity controlled by Promoters Pioneer Investment Fund Entity controlled by Promoters Azim Premji Trust Services Pvt Ltd Entity controlled by Promoters Pl International Holdings LLC Entity controlled by Promoters Tarish Investment & Trading Co. Pvt Ltd Entity controlled by Promoters Azim Premji Custodial & Management Service Private Limited Entity controlled by Promoters Azim Premji Education Trust Entity controlled by Promoters Prazim Trading & Investment Company Private Limited Entity controlled by Promoters Nina Investment & Estates Pvt. Ltd. Entity controlled by Promoters Varsha Investment & Estates Pvt. Ltd. Entity controlled by Promoters Bharti Investment & Estates Pvt. Ltd. Entity controlled by Promoters Napean Opportunities LLP Entity controlled by Promoters Best Value Chem Private Limited Entity controlled by Promoters PI Investment Advisory LLP Entity controlled by Promoters WEPL Family Trust Entity controlled by Promoters Hygienic Research Institute Private Limited Entity controlled by Promoters S.B. Packagings Private Limited Entity controlled by Promoters Wipro Enterprises (P) Limited and its subsidiaries Entity controlled by Promoters Financial Software and Systems Private Limited Entity with significant influence of Promoters Wipro GE Healthcare Private Limited Joint Venture between Wipro Enterprises (P) Limited and General Electric Post-employment benefit plans Wipro Information Technology Limited Provident Fund Trust Post-employment benefit plans Wipro Systems Provident Fund Trust Post-employment benefit plans Wipro Limited Management Employees Pension Fund Post-employment benefit plans Wipro Limited BPO Division Employees Superannuation Trust Post-employment benefit plans Wipro Infotech Limited Management Employees Pension Fund Post-employment benefit plans Wipro Systems Limited Management Employees Pension Fund Post-employment benefit plans Wipro Infotech Limited Employees Gratuity Fund Post-employment benefit plans Wipro Limited BPO Division Employees Gratuity Trust Post-employment benefit plans Key management personnel Azim H. Premji Non-Executive, Non-Independent Director (designated as "Founder Chairman") (1) Rishad A. Premji Chairman of the Board (designated as "Executive Chairman") Thierry Delaporte Chief Executive Officer and Managing Director (2) Srinivas Pallia Chief Executive Officer and Managing Director (3) Jatin Pravinchandra Dalal Chief Financial Officer (4) Aparna C. Iyer Chief Financial Officer (5) Päivi Rekonen Independent Director Ireena Vittal Independent Director (6) N. S. Kannan Independent Director (7) Dr. Patrick J. Ennis Independent Director Patrick Dupuis Independent Director Deepak M. Satwalekar Independent Director Tulsi Naidu Independent Director (1) Mr. Azim H. Premji is the ultimate controlling party. (2) Mr. Thierry Delaporte resigned as the Chief Executive Officer and Managing Director of the Company with effect from April 6, 2024. (3) At its meeting held on April 6, 2024, the Board of Directors approved the appointment of Mr. Srinivas Pallia as the Chief Executive Officer and Managing Director of the Company with effect from April 7, 2024 for a term of five years, subject to approval of the Company's shareholders and the Central Government, as may be applicable. (4) Mr. Jatin Pravinchandra Dalal resigned as the Chief Financial Officer of the Company with effect from September 21, 2023. (5) Ms. Aparna C. Iyer was appointed as Chief Financial Officer with effect from September 22, 2023. (6) Ms. Ireena Vittal retired as Independent Director with effect from September 30, 2023. (7) Mr. N. S. Kannan was appointed as Independent Director with effect from October 1, 2023 for a term of five years. Close members of Key management personnel: - Yasmeen A. Premji - Tariq A. Premji - Aditi Mehta Premji The Company has the following related party transactions: Entities controlled by/with significant influence of Directors Key Management Personnel Associate March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2022 March 31, 2023 March 31, 2024 Transactions / balances Sale of goods and services ₹ 182 ₹ 451 ₹ 559 ₹ - ₹ - ₹ - ₹ - ₹ - ₹ - Purchase of services - - - - - - - - 107 Assets purchased 158 129 330 - - - - - - Dividend (1) 3,760 22,555 3,577 244 1,458 232 - - - Buyback of shares (1) - - 81,093 - - 5,028 - - - Rental income 3 26 26 - - - - - - Rent paid 2 1 ^ 8 7 7 - - - Others 49 27 14 - - - - - - Key management personnel (2)(3) Remuneration and short-term benefits (4) ₹ - ₹ - ₹ - ₹ 805 ₹ 811 ₹ 1,321 ₹ - ₹ - ₹ - Other benefits (5) - - - 376 301 585 - - - Balance as at the year end Receivables ₹ 198 ₹ 313 ₹ 478 ₹ - ₹ - ₹ - ₹ - ₹ - ₹ - Payables - - - 293 167 638 - - - ^ Value is less than 1 (1) Includes close members of Key management personnel. (2) Post-employment benefits and other long-term benefits including compensated absences is not disclosed, as this is determined for the Company as a whole based on actuarial valuation. (3) Remuneration, short-term benefits and other benefits for Mr. Thierry Delaporte includes cash compensation in amount of ₹ 415 , cost of accelerated vesting of ₹ 310 towards unvested stock options and ₹ 196 towards social security contributions. (4) Remuneration and short-term benefits includes sitting fees and commission paid to Non-Executive, Non-Independent Director, and Independent Directors. (5) Other benefits include ₹ 368 , ₹ 292 , and ₹ 575 as of March 31, 2022, 2023 and 2024, respectively towards amortization of RSUs granted to Key management personnel which vest over a period of time. This also includes RSU’s that will vest based on performance parameters of the Company. Refer to Note 31 for information on transactions with post-employment benefit plans mentioned above. All related party transactions were entered at an arm’s length basis and in the ordinary course of business. There are no materially significant related party transactions made by the Company with Promoters, Directors or Key Management Personnel, which may have a potential conflict with the interests of the Company at large. |
Commitments and contingencies
Commitments and contingencies | 12 Months Ended |
Mar. 31, 2024 | |
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Commitments and contingencies | 33. Commitments and contingencies Capital commitments: As at March 31, 2023 and 2024, the Company had committed to spend approximately ₹ 7,675 and ₹ 10,322 respectively, under agreements to purchase/construct property and equipment. These amounts are net of capital advances paid in respect of these purchases. Refer to Note 8 for uncalled capital commitments on investment in equity instruments. Guarantees: As at March 31, 2023 and 2024, guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 16,076 and ₹ 13,455 respectively, as part of the bank line of credit. Contingencies and lawsuits: The Company is subject to legal proceedings and claims resulting from tax assessment orders/ penalty notices issued under the Income-tax Act, 1961, which have arisen in the ordinary course of its business. Some of the claims involve complex issues and it is not possible to make a reasonable estimate of the expected financial effect, if any, that will result from ultimate resolution of such proceedings. However, the resolution of these legal proceedings is not likely to have a material and adverse effect on the results of operations or the financial position of the Company. The Company’s assessments are completed for the years up to March 31, 2019. The Company has received demands on multiple tax issues. These claims are primarily arising out of denial of deduction under section 10A of the Income-tax Act, 1961 in respect of profit earned by the Company’s undertaking in Software Technology Park at Bengaluru, the appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2008 which either has been or may be contested by the Income tax authorities before the Hon’ble Supreme Court of India. Other claims relate to disallowance of tax benefits on profits earned from Software Technology Park and Special Economic Zone units, capitalization of research and development expenses, transfer pricing adjustments on intercompany / inter unit transactions and other issues. Income tax claims against the Company amounting to ₹ 91,465 and ₹ 95,520 are not acknowledged as debt as at March 31, 2023 and 2024, respectively. These matters are pending before various Appellate authorities and the management expects its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company’s financial position and results of operations. The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounting to ₹ 15,240 and ₹ 18,799 as of March 31, 2023 and 2024, respectively. However, the resolution of these disputed demands is not likely to have a material and adverse effect on the results of operations or the financial position of the Company. |
Segment information
Segment information | 12 Months Ended |
Mar. 31, 2024 | |
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Segment information | 34. Segment information Effective April 1, 2023, the Company has reorganized its segments by merging ISRE segment as part of its APMEA SMU within IT Services segment. Comparative period segment information has been restated to give effect to this change. The Company is now organized into the following operating segments: IT Services and IT Products. IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries. Americas 1 includes the entire business of Latin America (“ LATAM” ) and the following industry sectors in the United States of America: communications, retail connectivity and services, consumer goods, healthcare, and technology products and platforms. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Benelux, the Nordics and Southern Europe. APMEA consists of Australia and New Zealand, India, Middle East, South East Asia, Japan and Africa. Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers. Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design. IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products. The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, “Operating Segments”. The CEO of the Company evaluates the segments based on their revenue growth and operating income. Assets and liabilities used in the Company’s business are not identified to any of the operating segments, as these are used interchangeably between segments. Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous. Information on reportable segments for the year ended March 31, 2022 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 217,874 ₹ 239,404 ₹ 233,443 ₹ 98,398 ₹ 789,119 ₹ 6,173 ₹ ( 3 ) ₹ 795,289 Other operating income/(loss), net - - - - 2,186 - - 2,186 Segment result 44,027 49,754 37,872 12,612 144,265 115 ( 80 ) 144,300 Unallocated ( 6,200 ) - - ( 6,200 ) Segment result total ₹ 140,251 ₹ 115 ₹ ( 80 ) ₹ 140,286 Finance expense ( 5,325 ) Finance and other income 16,257 Share of net profit/(loss) of associate accounted for using the equity method 57 Profit before tax ₹ 151,275 Income tax expense ( 28,946 ) Profit for the year ₹ 122,329 Depreciation, amortization and impairment ₹ 30,911 Information on reportable segments for the year ended March 31, 2023 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 261,270 ₹ 278,374 ₹ 256,845 ₹ 106,812 ₹ 903,301 ₹ 6,047 ₹ - ₹ 909,348 Segment result 51,555 59,690 37,667 10,681 159,593 ( 176 ) ( 1,442 ) 157,975 Unallocated ( 18,369 ) - - ( 18,369 ) Segment result total ₹ 141,224 ₹ ( 176 ) ₹ ( 1,442 ) ₹ 139,606 Finance expense ( 10,077 ) Finance and other income 18,185 Share of net profit/(loss) of associate accounted for using the equity method ( 57 ) Profit before tax ₹ 147,657 Income tax expense ( 33,992 ) Profit for the year ₹ 113,665 Depreciation, amortization and impairment ₹ 33,402 Information on reportable segments for the year ended March 31, 2024 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 268,230 ₹ 269,482 ₹ 253,927 ₹ 102,177 ₹ 893,816 ₹ 4,127 ₹ - ₹ 897,943 Segment result 59,364 59,163 33,354 12,619 164,500 ( 371 ) ( 7,726 ) 156,403 Unallocated ( 20,304 ) - - ( 20,304 ) Segment result total ₹ 144,196 ₹ ( 371 ) ₹ ( 7,726 ) ₹ 136,099 Finance expense ( 12,552 ) Finance and other income 23,896 Share of net profit/(loss) of associate and joint venture accounted for using the equity method ( 233 ) Profit before tax ₹ 147,210 Income tax expense ( 36,089 ) Profit for the year ₹ 111,121 Depreciation, amortization and impairment ₹ 34,071 Revenues from India, being Company’s country of domicile, is ₹ 25,939 , ₹ 25,115 and ₹ 23,484 for year ended March 31, 2022, 2023 and 2024 respectively. Revenues from United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below: Year ended March 31, 2022 2023 2024 United States of America ₹ 427,021 ₹ 506,690 ₹ 512,740 United Kingdom 101,437 113,023 108,613 ₹ 528,458 ₹ 619,713 ₹ 621,353 No customer individually accounted for more than 10% of the revenues during the year ended March 31, 2022, 2023 and 2024. 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) Other operating income/(loss) of ₹ 2,186 , ₹ Nil and ₹ Nil is included as part of IT Services segment result for the years ended March 31, 2022, 2023 and 2024, respectively. Refer to Note 26. e) Restructuring cost of ₹ Nil , ₹ 1,355 and ₹ 6,814 is included under Reconciling items for the years ended March 31, 2022, 2023 and 2024 respectively. f) Reconciling Items for the year ended March 31, 2024, includes employee costs of ₹ 921 towards outgoing CEO and Managing Director. g) 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. Comparative periods have been restated to give effect to these changes. Accordingly, ₹ 8,210 , ₹ 9,954 , ₹ 11,756 for the year ended March 31, 2022, 2023 and 2024, respectively towards amortization and impairment of intangible assets and ₹ ( 468 ), ₹ ( 1,671 ), ₹ ( 1,300 ) for the year ended March 31, 2022, 2023 and 2024, respectively towards change in fair value of contingent consideration, is included under “Unallocated” within IT Services segment. Segment results of IT Services segment for the year ended March 31, 2024 are after considering additional amortization due to change in estimate of useful life of the customer-related intangibles in an earlier Business combination. (Refer to Note 6) h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and equipment of ₹ ( 313 ), ₹ ( 89 ) and ₹ ( 2,072 ) for the year ended March 31, 2022, 2023 and 2024, respectively. i) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 4,164 , ₹ 3,958 , and ₹ 5,590 for the year ended March 31, 2022, 2023 and 2024, respectively. 35. On December 21, 2022, the Company sold 100% membership interests in Wipro Opus Risk Solutions LLC for a cash consideration of ₹ 52 and recognized a loss of ₹ 6 on disposal. 36. The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stake holders which are under active consideration by the Ministry. Based on an initial assessment by the Company and its Indian subsidiaries, the additional impact on Provident Fund contributions by the Company and its Indian subsidiaries is not expected to be material, whereas, the likely additional impact on Gratuity liability/contributions by the Company and its Indian subsidiaries could be material. The Company and its Indian subsidiaries will complete their evaluation once the subject rules are notified and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published. |
Material accounting policy in_2
Material accounting policy information (Policies) | 12 Months Ended |
Mar. 31, 2024 | |
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Basis of consolidation | (i) Basis of consolidation Subsidiaries and controlled trusts The Company determines the basis of control in line with the requirements of IFRS 10, Consolidated Financial Statements . Subsidiaries and controlled trusts are entities controlled by the Group. The Group controls an entity when the parent has power over the entity, it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries and controlled trusts are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. The financial statements of the Group companies are consolidated on a line-by-line basis and all intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. Non-controlling interests Non-controlling interests in the net assets (excluding goodwill) of consolidated subsidiaries are identified separately from the Company’s equity. The interest of non-controlling shareholders may be initially measured either at fair value or at the non-controlling interest’s proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition to acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interest’s share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if it results in the non-controlling interests having a deficit balance. Liability for written put options to non-controlling interests At initial recognition, the liability for put options issued to non-controlling interests, to be settled in cash by the Company, which do not grant present access to ownership interest to the Company is recognized as financial liability at present value of the redemption amount with a corresponding debit in other reserves within equity. Investments accounted for using the equity method Investments accounted for using the equity method are entities in respect of which, the Company has significant influence, but not control, over the financial and operating policies. Generally, a company has a significant influence if it holds between 20 and 50 percent of the voting power of another entity. Investments in such entities are accounted for using the equity method and are initially recognized at cost. The carrying amount of investment is increased/ decreased to recognize investors share of profit or loss of the investee after the acquisition date. |
Functional and presentation currency | (ii) Functional and presentation currency Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which these entities operate (i.e. the “functional currency”). These consolidated financial statements are presented in Indian rupees, which is the functional currency of the Parent Company. |
Foreign currency transactions and translation | (iii) Foreign currency transactions and translation a) Transactions and balances Transactions in foreign currency are translated into the respective functional currencies using the exchange rates prevailing at the date of the transaction. Foreign exchange gains and losses resulting from the settlement of such transactions and from translation at the exchange rates prevailing at the reporting date of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net, within results of operating activities except when deferred in other comprehensive income as qualifying cash flow hedges and qualifying net investment hedges. Net loss relating to translation or settlement of borrowings denominated in foreign currency are reported within finance expense. Net gain relating to translation or settlement of borrowings denominated in foreign currency are reported within finance and other income. Non-monetary assets and liabilities denominated in foreign currency and measured at historical cost are translated at the exchange rate prevalent at the date of transaction. Translation differences on non-monetary financial assets measured at fair value at the reporting date, such as equities classified as financial instruments measured at fair value through other comprehensive income are included in other comprehensive income, net of taxes. b) Foreign operations For the purpose of presenting consolidated financial statements, the assets and liabilities of the Company’s foreign operations that have a functional currency other than Indian rupees are translated into Indian rupees using exchange rates prevailing at the reporting date. Income and expense items are translated at the average exchange rates for the period. Exchange differences arising, if any, are recognized in other comprehensive income and held in foreign currency translation reserve (" FCTR" ), a component of equity, except to the extent that the translation difference is allocated to non-controlling interest. When a foreign operation is disposed of, the relevant amount recognized in FCTR is transferred to the consolidated statement of income as part of the profit or loss on disposal. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the exchange rate prevailing at the reporting date. c) Others Foreign currency differences arising on the translation or settlement of a financial liability designated as a hedge of a net investment in a foreign operation are recognized in other comprehensive income and presented within equity in the FCTR to the extent the hedge is effective. To the extent the hedge is ineffective, such differences are recognized in the consolidated statement of income. When the hedged part of a net investment is disposed of, the relevant amount recognized in FCTR is transferred to the consolidated statement of income as part of the profit or loss on disposal. Foreign currency differences arising from translation of intercompany receivables or payables relating to foreign operations, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of net investment in foreign operation and are recognized in FCTR. |
Financial instruments | (iv) Financial instruments A) Non-derivative financial instruments: Non-derivative financial instruments consist of: • financial assets which include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances, investments in equity and debt securities and eligible current and non-current assets. • financial liabilities which include long and short-term loans and borrowings, bank overdrafts, trade payables and accrued expenses, lease liabilities and eligible current and non-current liabilities. Non-derivative financial instruments other than trade receivables and unbilled receivables are recognized initially at fair value. Trade receivables and unbilled receivables that do not contain a significant financing component are measured at the Transaction Price. Subsequent to initial recognition, non-derivative financial instruments are measured as described below: a. Cash and cash equivalents The Company’s cash and cash equivalents consist of cash on hand and in banks and demand deposits with banks, which can be withdrawn at any time, without prior notice or penalty on the principal. For the purposes of the consolidated statement of cash flows, cash and cash equivalents include cash on hand, in banks and demand deposits with banks, net of outstanding bank overdrafts that are repayable on demand and are considered part of the Company’s cash management system. In the consolidated statement of financial position, bank overdrafts are presented under loans and borrowings within current financial liabilities. b. Investments Financial instruments measured at amortized cost: Debt instruments that meet the following criteria are measured at amortized cost (except for debt instruments that are designated at fair value through Profit or Loss on initial recognition): • the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and • the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding. Financial instruments measured at fair value through other comprehensive income (" FVTOCI "): Debt instruments that meet the following criteria are measured at FVTOCI (except for debt instruments that are designated at fair value through Profit or Loss on initial recognition): • the asset is held within a business model whose objective is achieved both by collecting contractual cash flows and selling the financial asset; and • the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding. Interest income is recognized in the consolidated statement of income for FVTOCI debt instruments. Other changes in fair value of FVTOCI financial assets are recognized in other comprehensive income. When the investment is disposed of, the cumulative gain or loss previously accumulated in reserves is transferred to the consolidated statement of income. Financial instruments measured at fair value through profit or loss (" FVTPL "): Instruments that do not meet the amortized cost or FVTOCI criteria are measured at FVTPL. Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized in the consolidated statement of income. The gain or loss on disposal is recognized in the consolidated statement of income. Interest income is recognized in the consolidated statement of income for FVTPL debt instruments. Dividends on financial assets at FVTPL is recognized when the Company's right to receive dividends is established. Investments in equity instruments: The Company carries certain equity instruments which are not held for trading. At initial recognition, the Company may make an irrevocable election to present subsequent changes in the fair value of an investment in an equity instrument in other comprehensive income (FVTOCI) or through statement of income (FVTPL). For investments designated to be classified as FVTOCI, movements in fair value of investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of investments. For investments designated to be classified as FVTPL, both movements in fair value of investments and gain or loss on disposal of investments are recognized in the consolidated statement of income. Dividends from these investments are recognized in the consolidated statement of income when the Company’s right to receive dividends is established. c. Other financial assets: Other financial assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. These comprise trade receivables, unbilled receivables, finance lease receivables, employee and other advances and eligible current and non-current assets. They are presented as current assets, except for those expected to be realized later than twelve months after the reporting date which are presented as non-current assets. All financial assets are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less any impairment losses. However, trade receivables and unbilled receivables that do not contain a significant financing component are measured at the Transaction Price. d. Trade payables, accrued expenses, and other liabilities Trade payables, accrued expenses, and other liabilities are initially recognized at transaction price, and subsequently carried at amortized cost using the effective interest method. For these financial instruments, the carrying amounts approximate fair value due to the short-term maturity of these instruments. Contingent consideration recognized in a business combination is initially recognized at fair value and subsequently measured at fair value through profit or loss. B) Derivative financial instruments The Company is exposed to foreign currency fluctuations on foreign currency assets, liabilities, net investment in foreign operations and forecasted cash flows denominated in foreign currency. The Company limits the effect of foreign exchange rate fluctuations by following established risk management policies including the use of derivatives. The Company enters into derivative financial instruments where the counterparty is primarily a bank. Derivative financial instruments are recognized and measured at fair value. Attributable transaction costs are recognized in the consolidated statement of income as cost. Subsequent to initial recognition, derivative financial instruments are measured as described below: a. Cash flow hedges Changes in the fair value of the derivative hedging instruments designated as a cash flow hedge are recognized in other comprehensive income and held in cash flow hedging reserve, net of taxes, a component of equity, to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net, within results from operating activities. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the consolidated statement of income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, such cumulative balance is immediately recognized in the consolidated statement of income. b. Hedges of net investment in foreign operations The Company designates derivative financial instruments as hedges of net investments in foreign operations. The Company also designates foreign currency denominated borrowing as a hedge of net investment in foreign operations. Changes in the fair value of the derivative hedging instruments and gains/(losses) on translation or settlement of foreign currency denominated borrowings designated as a hedge of net investment in foreign operations are recognized in other comprehensive income and presented within equity in the FCTR to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net within results from operating activities. c. Others Changes in fair value of foreign currency derivative instruments neither designated as cash flow hedges nor hedges of net investment in foreign operations are recognized in the consolidated statement of income and reported within foreign exchange gains/(losses), net within results from operating activities. Changes in fair value and gains/(losses), net, on settlement of foreign currency derivative instruments relating to borrowings, which have not been designated as hedges are recorded in finance expenses. C) Derecognition of financial instruments The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under IFRS 9. If the Company retains substantially all the risks and rewards of a transferred financial asset, the Company continues to recognize the financial asset and recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the Company’s statement of financial position when the obligation specified in the contract is discharged or cancelled or expires. |
Equity and share capital | (v) Equity and share capital a) Share capital and Share premium The authorized share capital of the Company as at March 31, 2024 is ₹ 25,274 divided into 12,504,500,000 equity shares of ₹ 2 each, 25,000,000 preference shares of ₹ 10 each and 150,000 10% optionally convertible cumulative preference shares of ₹ 100 each. Par value of the equity shares is recorded as share capital and the amount received in excess of par value is classified as share premium. Every holder of the equity shares, as reflected in the records of the Company, as at the date of the shareholder meeting shall have one vote in respect of each share held for all matters submitted to vote in the shareholder meeting. b) Shares held by controlled trust (Treasury shares) The Company’s equity shares held by the controlled trust, which is consolidated as part of the Group are classified as Treasury shares. Treasury shares are recorded at acquisition cost. Reconciliation of the number of treasury shares held by controlled trust is as follows: As at March 31, 2022 2023 2024 No. of shares No. of shares No. of shares Opening number of equity shares 19,401,215 14,689,729 9,895,836 Less: Transferred to eligible employees on exercise of options ( 4,711,486 ) ( 4,793,893 ) ( 3,943,096 ) Closing number of equity shares 14,689,729 9,895,836 5,952,740 c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. This includes Capital reserve as at March 31, 2022, 2023 and 2024 amounting to ₹ 1,139 , ₹ 1,139 and ₹ 1,139 respectively, which is not freely available for distribution. d) Special Economic Zone re-investment reserve The Special Economic Zone re-investment reserve has been created out of profit of eligible SEZ units as per provisions of section 10AA(1)(ii) of the Income–tax Act, 1961 for acquiring new plant and machinery. The said reserve should be utilized by the Company for acquiring plant and machinery as per the terms of Section 10AA(2) of the Income-tax Act, 1961. This reserve is not freely available for distribution. e) Share-based payment reserve The share-based payment reserve is used to record the value of equity-settled share-based payment transactions with employees. The amounts recorded in share-based payment reserve are transferred to share premium upon exercise of stock options and restricted stock unit options by employees. f) Foreign currency translation reserve The exchange differences arising from the translation of financial statements of foreign subsidiaries, differences arising from translation of long-term inter-company receivables or payables relating to foreign operations, settlement of which is neither planned nor likely in the foreseeable future, changes in fair value of the derivative hedging instruments and gains/losses on translation or settlement of foreign currency denominated borrowings designated as hedge of net investment in foreign operations are recognized in other comprehensive income, net of taxes and presented within equity in the FCTR. g) Cash flow hedging reserve Changes in fair value of derivative hedging instruments designated and effective as a cash flow hedge are recognized in other comprehensive income, net of taxes and presented within equity as cash flow hedging reserve. h) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on remeasurements of the defined benefit plans are recognized in other comprehensive income, net of taxes and presented within equity in other reserves. Other reserves also include Capital redemption reserve, which is not freely available for distribution. As per the Companies Act, 2013, Capital redemption reserve is created when a company purchases its own shares out of free reserves or share premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve. The reserve can be utilized in accordance with the provisions of section 69 of the Companies Act, 2013. As at March 31, 2022, 2023 and 2024, Capital redemption reserve amounting to ₹ 1,122 , ₹ 1,122 and ₹ 1,661 respectively is not freely available for distribution. i) Dividend A final dividend on common stock is recorded as a liability on the date of approval by the shareholders. An interim dividend is recorded as a liability on the date of declaration by the board of directors. j) Buyback of equity shares The buyback of equity shares, including tax thereon and related transaction costs are recorded as a reduction of share premium and retained earnings. Further, capital redemption reserve is created as an apportionment from retained earnings. k) Bonus issue For the purpose of bonus issue, the amount is transferred from capital redemption reserves, share premium and retained earnings to the share capital. |
Property, plant and equipment | (vi) Property, plant and equipment a) Recognition, measurement and de-recognition Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, if any. Cost includes expenditures directly attributable to the acquisition of the asset. General and specific borrowing costs directly attributable to the construction of a qualifying asset are capitalized as part of the cost till all the activities necessary to prepare the qualifying asset for its intended use or sale are substantially completed. The cost and related accumulated depreciation are derecognized upon sale or disposition of the asset and the resultant gains or losses are recognized in the consolidated statement of income. Capital work-in-progress are measured at cost less accumulated impairment losses, if any. b) Depreciation The Company depreciates property, plant and equipment over the estimated useful life on a straight-line basis from the date the assets are available for use. Leasehold improvements are amortized over the shorter of estimated useful life of the asset or the related lease term. Term licenses are amortized over their respective contract term. Freehold land is not depreciated. The estimated useful life of assets is reviewed and where appropriate are adjusted, annually. The estimated useful lives of assets are as follows: Category Useful life Buildings 28 to 40 years Plant and equipment 5 to 21 years Computer equipment and software 2 to 7 years Furniture, fixtures and equipment 3 to 10 years Vehicles 4 to 5 years When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. Subsequent expenditure relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. Deposits and advances paid towards the acquisition of property, plant and equipment outstanding as at each reporting date and the cost of property, plant and equipment not available for use before such date are disclosed under capital work-in-progress. |
Business combinations | (vii) Business combinations, Goodwill, and Intangible assets a) Business combinations Business combinations are accounted for using the purchase (acquisition) method. The cost of an acquisition is measured as the fair value of the assets transferred, liabilities incurred or assumed, and equity instruments issued at the date of exchange by the Company. Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are measured initially at fair value at the date of acquisition. Transaction costs incurred in connection with a business acquisition are expensed as incurred. The cost of an acquisition also includes the fair value of any contingent consideration measured as at the date of acquisition. Any subsequent changes to the fair value of contingent consideration classified as liabilities, other than measurement period adjustments, are recognized in the consolidated statement of income. |
Goodwill | b) Goodwill The excess of the cost of an acquisition over the Company’s share in the fair value of the acquiree’s identifiable assets and liabilities is recognized as goodwill. If the excess is negative, a bargain purchase gain is recognized immediately in the consolidated statement of income. Goodwill is measured at cost less accumulated impairment (if any). Goodwill associated with disposal of an operation that is part of cash-generating unit is measured based on the relative values of the operation disposed of and the portion of the cash-generating unit retained, unless some other method better reflects the goodwill associated with the operation disposed of. |
Intangible assets | c) Intangible assets Intangible assets acquired separately are measured at cost of acquisition. Intangible assets acquired in a business combination are measured at fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less accumulated amortization and impairment losses, if any. The amortization of an intangible asset with a finite useful life reflects the manner in which the economic benefit is expected to be generated and is included in selling and marketing expenses in the consolidated statement of income. The estimated useful life of amortizable intangibles is reviewed and where appropriate is adjusted, annually. The estimated useful lives of the amortizable intangible assets are as follows: Category Useful life Customer-related intangibles 1 to 10 years Marketing-related intangibles 2.5 to 10 years Customer-related intangibles includes customer contracts and customer relationships acquired as a part of Business combinations. Marketing-related intangibles includes vendor relationships and brand acquired as a part of Business combinations. |
Leases | (viii) Leases The Company evaluates each contract or arrangement, whether it qualifies as lease as defined under IFRS 16. The Company as a lessee The Company enters into an arrangement for lease of land, buildings, plant and equipment including computer equipment and vehicles. Such arrangements are generally for a fixed period but may have extension or termination options. The Company assesses, whether the contract is, or contains, a lease, at its inception. A contract is, or contains, a lease if the contract conveys the right to – (a) control use of an identified asset, (b) obtain substantially all the economic benefits from use of the identified asset, and (c) direct the use of the identified asset. The Company determines the lease term as the non-cancellable period of a lease, together with periods covered by an option to extend the lease, where the Company is reasonably certain to exercise that option. The Company makes an assessment on the expected lease term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the contract will be exercised. At the commencement of the lease, the Company recognizes a Right of Use (“ RoU ”) asset at cost and corresponding lease liability, except for leases with term of less than twelve months (short-term leases) and low-value assets. For these short-term and low-value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the lease term. The cost of the RoU assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the RoU assets are measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The RoU assets are depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of RoU assets. The estimated useful lives of RoU assets are determined on the same basis as those of property, plant and equipment. The Company applies IAS 36 to determine whether a RoU asset is impaired and accounts for any identified impairment loss as described in the impairment of non-financial assets below. For lease liabilities at the commencement of the lease, the Company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are discounted using the incremental borrowing rate that the Company would have to pay to borrow funds, including the consideration of factors such as the nature of the asset and location, collateral, market terms and conditions, as applicable in a similar economic environment. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. The lease liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring the carrying amount to reflect any lease modifications. The Company recognizes the amount of the re-measurement of lease liability due to modification as an adjustment to the RoU asset or in consolidated statement of income, depending upon the nature of modification. Where the carrying amount of the RoU asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the Company recognizes any remaining amount of the re-measurement in the consolidated statement of income. Payment of lease liabilities are classified as cash used in financing activities in the consolidated statement of cash flows. The Company as a lessor Leases under which the Company is a lessor are classified as a finance or operating lease. Lease contracts where all the risks and rewards are substantially transferred to the lessee are classified as a finance lease. All other leases are classified as operating lease. For leases under which the Company is an intermediate lessor, the Company accounts for the head-lease and the sub-lease as two separate contracts. The sub-lease is further classified either as a finance lease or an operating lease by reference to the RoU asset arising from the head-lease. |
Inventories | (ix) Inventories Inventories are valued at lower of cost and net realizable value, including necessary provision for obsolescence. Cost is determined using the weighted average method. |
Impairment | (x) Impairment a) Financial assets The Company applies the expected credit loss model for recognizing impairment loss on financial assets measured at amortized cost, debt instruments classified as FVTOCI, trade receivables, unbilled receivables, contract assets, finance lease receivables, and other financial assets. Expected credit loss is the difference between the contractual cash flows and the cash flows that the entity expects to receive, discounted using the effective interest rate. Loss allowances for trade receivables, unbilled receivables, contract assets and finance lease receivables are measured at an amount equal to lifetime expected credit loss. Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of a financial instrument. Lifetime expected credit loss is computed based on a provision matrix which takes in to account, risk profiling of customers and historical credit loss experience adjusted for forward looking information. For other financial assets, expected credit loss is measured at the amount equal to twelve months expected credit loss unless there has been a significant increase in credit risk from initial recognition, in which case those are measured at lifetime expected credit loss. b) Non-financial assets The Company assesses long-lived assets such as property, plant and equipment, RoU assets and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable. If any such indication exists, the Company estimates the recoverable amount of the asset or group of assets. Goodwill is tested for impairment at least annually at the same time and when events occur or changes in circumstances indicate that the recoverable amount of the cash generating unit is less than its carrying value. The goodwill impairment test is performed at the level of cash-generating unit or groups of cash -generating units which represents the lowest level at which goodwill is monitored for internal management purposes. The recoverable amount of an asset or cash generating unit is the higher of its fair value less cost of disposal (“ FVLCD ”) and its value-in-use (“ VIU ”). The VIU of long-lived assets is calculated using projected future cash flows. FVLCD of a cash generating unit is computed using turnover and earnings multiples. If the recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in the consolidated statement of income. If at the reporting date, there is an indication that a previously assessed impairment loss on property, plant and equipment, RoU assets and intangible assets, no longer exists, the recoverable amount is reassessed and the impairment losses previously recognized are reversed such that the asset is recognized at its recoverable amount but not exceeding written down value which would have been reported if the impairment losses had not been recognized initially. An impairment loss in respect of goodwill is not reversed subsequently. |
Employee benefits | (xi) Employee benefits a) Post-employment plans The Group participates in various employee benefit plans. Pensions and other post-employment benefits are classified as either defined contribution plans or defined benefit plans. Under a defined contribution plan, the Company’s sole obligation is to pay a fixed amount with no obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits. The related actuarial and investment risks are borne by the employee. The expenditure for defined contribution plans is recognized as an expense during the period when the employee provides service. Under a defined benefit plan, it is the Company’s obligation to provide agreed benefits to the employees. The related actuarial and investment risks are borne by the Company. The present value of the defined benefit obligations is calculated by an independent actuary using the projected unit credit method. Remeasurements of the defined benefit plans, comprising actuarial gains or losses, the effect of changes to the asset ceiling, and the return on plan assets (excluding interest) are immediately recognized in other comprehensive income, net of taxes and not reclassified to profit or loss in subsequent period. Net interest recognized in profit or loss is calculated by applying the discount rate used to measure the defined benefit obligation to the net defined benefit liability or asset. The actual return on the plan assets above or below the discount rate, is recognized as part of remeasurements of the defined benefit plans through other comprehensive income, net of taxes. The Company has the following employee benefit plans: A. Provident fund Eligible employees receive benefits under the Company’s provident fund plan, into which both the employer and employees make periodic contributions to the approved provident fund trust managed by the Company. A portion of the employer’s contribution is made to the government administered pension fund. The contributions to the trust managed by the Company is accounted for as a defined benefit plan as the Company is liable for any shortfall in the fund assets based on the government specified minimum rates of return. Certain employees receive benefits under the provident fund plan in which both the employer and employees make periodic contributions to the government administered provident fund. A portion of the employer’s contribution is made to the government administered pension fund. This is accounted as a defined contribution plan as the obligation of the Company is limited to the contributions made to the fund. B. Gratuity and foreign pension In accordance with the Payment of Gratuity Act, 1972, applicable for Indian companies, the Company provides for a lump sum payment to eligible employees, at retirement or termination of employment based on the last drawn salary and years of employment with the Company. The gratuity fund is managed by third party fund managers. The Company also maintains pension and similar plans for employees outside India, based on country specific regulations. These plans are partially funded, and the funds are managed by third party fund managers. The plans provide for monthly payout after retirement as per salary drawn and service period or for a lump sum payment as set out in rules of each fund. The Company’s obligations in respect of these plans, which are defined benefit plans, are provided for based on actuarial valuation using the projected unit credit method. C. Superannuation Superannuation plan, a defined contribution scheme is administered by third party fund managers. The Company makes annual contributions based on a specified percentage of each eligible employee’s salary. b) Termination benefits Termination benefits are expensed when the Company can no longer withdraw the offer of those benefits. c) Short-term benefits Short-term employee benefit obligations such as cash bonus, management incentive plans or profit-sharing plans are measured on an undiscounted basis and are recorded as expense as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or management incentive plans or profit-sharing plans, if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably. d) Compensated absences The employees of the Company are entitled to compensated absences. The employees can carry forward a portion of the unutilized accumulating compensated absences and utilize it in future periods or receive cash at retirement or termination of employment. The Company records an obligation for compensated absences in the period in which the employee renders the services that increases this entitlement. The Company measures the expected cost of compensated absences as the additional amount that the Company expects to pay as a result of the unused entitlement that has accumulated at the end of the reporting period. The Company recognizes accumulated compensated absences based on actuarial valuation using the projected unit credit method. Non-accumulating compensated absences are recognized in the period in which the absences occur. |
Share based payment transactions | (xii) Share-based payment transactions Selected employees of the Company receive remuneration in the form of equity settled instruments or cash settled instruments, for rendering services over a defined vesting period and for Company’s performance-based stock options over the defined period. Equity instruments granted are measured by reference to the fair value of the instrument at the date of grant. In cases, where equity instruments are granted at a nominal exercise price, the intrinsic value on the date of grant approximates the fair value. The expense is recognized in the consolidated statement of income with a corresponding increase to the share-based payment reserve, a component of equity. The equity instruments or cash settled instruments generally vest in a graded manner over the vesting period. The fair value determined at the grant date is expensed over the vesting period of the respective tranches of such grants (accelerated amortization). The stock compensation expense is determined based on the Company’s estimate of equity instruments or cash settled instruments that will eventually vest. Cash Settled instruments granted are re-measured by reference to the fair value at the end of each reporting period and at the time of vesting. The expense is recognized in the consolidated statement of income with a corresponding increase to financial liability. |
Provisions | (xiii) Provisions Provisions are recognized when the Company has a present obligation (legal or constructive), as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, considering the risks and uncertainties surrounding the obligation. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset, if it is virtually certain that reimbursement will be received, and the amount of the receivable can be measured reliably. Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for onerous contracts are measured at the present value of lower of the expected net cost of fulfilling the contract and the expected cost of terminating the contract. |
Revenue | (xiv) Revenue The Company derives revenue primarily from software development, maintenance of software/hardware and related services, consulting services, business process services and sale of IT products. Revenues from customer contracts are considered for recognition and measurement when the contract has been approved by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive (the “Transaction Price”). Revenue towards satisfaction of a performance obligation is measured at the amount of the Transaction Price (net of variable consideration on account of discounts and allowances) allocated to that performance obligation. To recognize revenues, the Company applies the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the Transaction Price, (4) allocate the Transaction Price to the performance obligations in the contract, and (5) recognize revenues when a performance obligation is satisfied. When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. At contract inception, the Company assesses its promise to transfer products or services to a customer to identify separate performance obligations. The Company applies judgment to determine whether each product or service promised to a customer is capable of being distinct, and are distinct in the context of the contract, if not, the promised products or services are combined and accounted as a single performance obligation. The Company allocates the Transaction Price to separately identifiable performance obligations based on their relative stand-alone selling price or residual method. Stand-alone selling prices are determined based on sale prices for the components when it is regularly sold separately, in cases where the Company is unable to determine the stand-alone selling price, the Company uses third-party prices for similar deliverables or the Company uses expected cost-plus margin approach in estimating the stand-alone selling price. For performance obligations where control is transferred over time, revenues are recognized by measuring progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is based on the nature of the promised products or services to be provided. The method for recognizing revenues and costs depends on the nature of contracts with customers as given below: A. Time and materials contracts Revenues and costs relating to time and materials contracts are recognized as the related services are rendered. B. Fixed-price contracts i. Fixed-price development contracts Revenues from fixed-price development contracts, including software development, and integration contracts, where the performance obligations are satisfied over time, are recognized using the “percentage-of-completion” method. The performance obligations are satisfied as and when the services are rendered since the customer generally obtains control of the work as it progresses. Percentage of completion is determined based on project costs incurred to date as a percentage of total estimated project costs required to complete the project. The cost expended (or input) method has been used to measure progress towards completion as there is a direct relationship between input and productivity. This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to complete include estimates of future labor costs and productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, revenue recognized, profit and timing of revenue for remaining performance obligations are subject to revisions as the contract progresses to completion. If the Company is not able to reasonably measure the progress of completion, revenue is recognized only to the extent of costs incurred, for which recoverability is probable. When total cost estimates exceed revenues in an arrangement, the estimated losses are recognized in the consolidated statement of income in the period in which such losses become probable based on the current contract estimates as an onerous contract provision. A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets primarily relate to unbilled amounts on fixed-price development contracts and are classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones. A contract liability is an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer. ii. Maintenance contracts Revenues related to fixed-price maintenance contracts are recognized on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using percentage of completion method when the pattern of benefits from the services rendered to the customers and the cost to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue for contracts in which the invoicing is representative of the value being delivered is recognized based on our right to invoice. If our invoicing is not consistent with value delivered, revenues are recognized as the service is performed using the percentage of completion method. In certain projects, a fixed quantum of service or output units is agreed at a fixed-price for a fixed term. In such contracts, revenue is recognized with respect to the actual output achieved till date as a percentage of total contractual output. Any residual service unutilized by the customer is recognized as revenue on completion of the term. iii. Element or Volume based contracts Revenues and costs are recognized as the related services are rendered. C. Products Revenue on product sales are recognized when the customer obtains control of the specified product. D. Others • Any change in scope or price is considered to be a contract modification. The Company accounts for modifications to existing contracts by assessing whether the services added are distinct and whether the pricing is at the stand-alone selling price. Services added that are not distinct are accounted for on a cumulative catch up basis, while those that are distinct are accounted for prospectively, either as a separate contract if the additional services are priced at the stand-alone selling price, or as a termination of the existing contract and creation of a new contract if not priced at the stand-alone selling price. • The Company accounts for variable considerations like volume discounts, rebates and pricing incentives to customers and penalties as reduction of revenue on a systematic and rational basis over the period of the contract. The Company estimates an amount of such variable consideration using expected value method or the single most likely amount in a range of possible consideration depending on which method better predicts the amount of consideration to which the Company may be entitled and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. • Revenues are shown net of allowances / returns, sales tax, value added tax, goods and services tax and applicable discounts. • The Company may enter into arrangements with third-party suppliers to resell products or services. In such cases, the Company evaluates whether the Company is the principal (i.e., report revenues on a gross basis) or agent (i.e., report revenues on a net basis). In doing so, the Company first evaluates whether the Company controls the good or service before it is transferred to the customer. The Company considers whether it has the primary obligation to fulfil the contract, inventory risk, pricing discretion and other factors to determine whether it controls the goods or services and therefore, is acting as a principal or an agent. If the Company controls the good or service before it is transferred to the customer, the Company is the principal; if not, the Company is the agent. • Estimates of the Transaction Price and total costs or efforts are continuously monitored over the term of the contract and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. • The Company accrues the estimated cost of warranties at the time when the revenue is recognized. The accruals are based on the Company’s historical experience of material usage and service delivery costs. • Incremental costs that relate directly to a contract and incurred in securing a contract with a customer are recognized as an asset when the Company expects to recover these costs. • The Company recognizes contract fulfilment cost as an asset if those costs specifically relate to a contract or to an anticipated contract, the costs generate or enhance resources that will be used in satisfying performance obligations in future; and the costs are expected to be recovered. • Costs to obtain contract relating to upfront payments to customers are amortized to revenue and other costs to obtain contract and costs to fulfil contract are amortized to cost of sales over the respective contract life on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates. • The Company assesses the timing of the transfer of goods or services to the customer as compared to the timing of payments to determine whether a significant financing component exists. As a practical expedient, the Company does not assess the existence of a significant financing component when the difference between payment and transfer of deliverables is twelve months or less. If the difference in timing arises for reasons other than the provision of finance to either the customer or us, no financing component is deemed to exist. • Unbilled receivables are classified as a financial asset where the right to consideration is unconditional and only the passage of time is required before the payment is due. |
Finance expenses | (xv) Finance expenses Finance expenses comprises interest on loans, borrowings and bank overdrafts, interest on lease liabilities, interest on tax matters, interest on net defined benefit liability, net loss on translation or settlement of foreign currency borrowings, changes in fair value of derivative instruments and gains/(losses) of settlement of borrowing related derivative instruments. Borrowing costs that are not directly attributable to a qualifying asset are recognized in the consolidated statement of income using the effective interest method. |
Finance and other income | (xvi) Finance and other income Finance and other income comprise interest income on deposits, dividend income, gains/(losses) on disposal of investments, gains/(losses) on investments classified as FVTPL, net gain on translation or settlement of foreign currency borrowings and changes in fair value and gains/(losses) on settlement of related derivative instruments. Interest income is recognized using the effective interest method. Dividend income is recognized when the right to receive payment is established. |
Income tax | (xvii) Income tax Income tax comprises current and deferred tax. Income tax expense is recognized in the consolidated statement of income except to the extent it relates to a business combination, or items directly recognized in equity or in other comprehensive income. a) Current income tax Current income tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities based on the taxable income for the period. The tax rates and tax laws used to compute the current tax amounts are those that are enacted or substantively enacted as at the reporting date and applicable for the period. While determining the tax provisions, the Company assesses whether each uncertain tax position is to be considered separately or together with one or more uncertain tax positions depending upon the nature and circumstances of each uncertain tax position. The Company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and liability simultaneously. b) Deferred income tax Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities are recognized for deductible and taxable temporary differences arising between the tax base of assets and liabilities and their carrying amount in financial statements, except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profits or loss at the time of the transaction. Deferred income tax assets are recognized to the extent it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax credits and unused tax losses can be utilized. Deferred income tax liabilities are recognized for all taxable temporary differences except in respect of taxable temporary differences that is expected to reverse within the tax holiday period, taxable temporary differences associated with investments in subsidiaries, associates and foreign branches where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized, or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. The Company offsets deferred income tax assets and liabilities, where it has a legally enforceable right to offset current tax assets against current tax liabilities, and they relate to taxes levied by the same taxation authority on either the same taxable entity, or on different taxable entities where there is a right and an intention to settle the current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. |
Earnings per share | (xviii) Earnings per share Basic earnings per share is computed using the weighted average number of equity shares outstanding during the period adjusted for treasury shares held. Diluted earnings per share is computed using the weighted average number of equity and dilutive equivalent shares outstanding during the period, using the treasury stock method for options, except where the results would be anti-dilutive. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any splits and bonus shares issues including for change effected prior to the approval of the consolidated financial statements by the Board of Directors. |
Statement of cash flows | (xix) Statement of cash flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash generated from/(used in) operating, investing and financing activities of the Company are segregated. |
New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2023: | New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2023: Amendments to IAS 1 – Presentation of Financial Statements On January 23, 2020, the IASB issued “Classification of liabilities as Current or Non-Current (Amendments to IAS 1)” providing a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangement in place at the reporting date. The amendments aim to promote consistency in applying the requirements by helping companies to determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The amendments also clarified the classification requirements for debt a company might settle by converting it into equity. These amendments are effective for annual reporting periods beginning on or after January 1, 2023, and are to be applied retrospectively, with earlier application permitted. The adoption of amendments to IAS 1 did not have any material impact on the consolidated financial statements. Amendments to IAS 1 – Presentation of Financial Statements On October 31, 2022, IASB issued 'Non-current Liabilities with Covenants (Amendments to IAS 1)'.The amendments specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. Instead, the amendments require a company to disclose information about these covenants in the notes to the financial statements. The amendments are effective for reporting periods beginning on or after January 1, 2024, with earlier application permitted. The adoption of these amendments to IAS 1 did not have any material impact on the consolidated financial statements. Amendments to IAS 12 – Income Taxes On May 7, 2021, the IASB amended IAS 12 “Income Taxes” and published 'Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)' that clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations. In specified circumstances, companies are exempt from recognizing deferred tax when they recognize assets or liabilities for the first time. The amendments clarify that this exemption does not apply to transactions such as leases and decommissioning obligations and companies are required to recognize deferred tax on such transactions. These amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively, with earlier application permitted. The adoption of these amendments to IAS 12 did not have any material impact on the consolidated financial statements. Amendments to IAS 12 – Income Taxes On May 23, 2023, the IASB issued International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12 “Income Taxes” to clarify the application of IAS 12 to income taxes arising from tax law enacted or substantively enacted to implement the Organization for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar Two model rules (Pillar Two income taxes). The Amendments introduced: • a mandatory temporary exception to the accounting for deferred taxes arising from the jurisdictional implementation of the Pillar Two model rules; and • disclosure requirements for affected entities to help users of the financial statements better understand an entity’s exposure to Pillar Two income taxes arising from that legislation, particularly before its effective date. The Company has applied the temporary exception from the accounting requirements for deferred taxes in IAS 12. Accordingly, the Company neither recognized, nor disclosed information about deferred tax assets and liabilities related to Pillar Two income taxes. Since the Pillar Two legislations is not effective at the reporting date in jurisdictions where the Company is operating, the Company has no related current tax exposure. The Pillar Two legislations are neither enacted nor substantively enacted by Government of India, where the Parent company is incorporated. The Company is continuing to assess the impact, if any, of Pillar Two income taxes legislation on future financial performance. Amendments to IFRS 16 – Leases On September 22, 2022, IASB issued ‘Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)’ that specifies the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. The amendment is intended to improve the requirements for sale and leaseback transactions in IFRS 16 and will not change the accounting for leases unrelated to sale and leaseback transactions. These amendments are effective for annual reporting periods beginning on or after January 1, 2024, and are to be applied retrospectively, with earlier application permitted. The adoption of these amendments to IFRS 16 did not have any material impact on the consolidated financial statements. Amendments to IAS 7 - Statement of Cash Flows and IFRS 7 - Financial Instruments On May 25, 2023, IASB issued 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)’, that require companies to disclose information about its supplier finance arrangements that enables users of financial statements to assess the effects of those arrangements on the companies liabilities and cash flows and on the companies exposure to liquidity risk. These amendments are effective for annual reporting periods beginning on or after January 1, 2024, with earlier application permitted. The adoption of these amendments to IAS 7 and IFRS 7 did not have any material impact on the consolidated financial statements. |
New amendments not yet adopted: | New amendments not yet adopted: Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2023 and have not been applied in preparing these consolidated financial statements. New standards, amendments to standards and interpretations that could have potential impact on the consolidated financial statements of the Company are: Amendments to IAS 21 – The Effects of Changes in Foreign Exchange Rates On August 15, 2023, IASB issued ‘Lack of Exchangeability (Amendments to IAS 21)’ that clarifies how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking, as well as require the disclosure of information that enables users of financial statements to understand the impact of a currency not being exchangeable. These amendments are effective for annual reporting periods beginning on or after January 1, 2025, with earlier application permitted. The adoption of amendments to IAS 21 is not expected to have any material impact on the consolidated financial statements. IFRS 18 – Presentation and Disclosure in Financial Statements On April 9, 2024, IASB issued IFRS 18 ‘Presentation and Disclosure in Financial Statements’ which supersedes IAS 1 ‘Presentation of Financial Statements’, aimed at improving comparability and transparency of communication in financial statements. IFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations. These categories are complemented by the requirement to present specified totals and subtotals for ‘operating profit or loss’, ‘profit or loss before financing and income taxes’ and ‘profit or loss’. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financials information based on the identified ‘roles’ of the primary financial statements and the notes. Consequent to above, a narrow-scope amendments have been made to IAS 7 ‘Statement of Cash Flows’, which include changing the starting point for determining cash flows from operations under the indirect method from ‘profit or loss’ to ‘operating profit or loss’. Further, some requirements previously included within IAS 1 have been moved to IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ which has also been renamed IAS 8 ‘Basis of Preparation of Financial Statements’. IAS 34 ‘ Interim Financial Reporting’ was amended to require disclosure of management defined performance measures. Minor consequential amendments to other standards were also made. An entity that prepares condensed interim financial statements in accordance with IAS 34 in the first year of adoption of IFRS 18, must present the heading and mandatory subtotals it expects to use in its annual financial statement. Comparative period in both the interim and annual financial statements will need to be restated and a reconciliation of the statement of profit or loss previously published will be required for the immediately preceding comparative period. IFRS 18 and the amendments to the other standards, is effective for reporting period beginning on or after January 1, 2027 and are to be applied retrospectively, with earlier application permitted. The Company is currently assessing the impact of adopting IFRS 18 and the amendments to other standards, on the consolidated financial statements. |
Material accounting policy in_3
Material accounting policy information (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Reconciliation of Number of Treasury Shares Held by Controlled Trust | Reconciliation of the number of treasury shares held by controlled trust is as follows: As at March 31, 2022 2023 2024 No. of shares No. of shares No. of shares Opening number of equity shares 19,401,215 14,689,729 9,895,836 Less: Transferred to eligible employees on exercise of options ( 4,711,486 ) ( 4,793,893 ) ( 3,943,096 ) Closing number of equity shares 14,689,729 9,895,836 5,952,740 |
Summary of Estimated Useful Lives of Assets | The estimated useful lives of assets are as follows: Category Useful life Buildings 28 to 40 years Plant and equipment 5 to 21 years Computer equipment and software 2 to 7 years Furniture, fixtures and equipment 3 to 10 years Vehicles 4 to 5 years |
Summary of Estimated Useful Lives of Aamortizable Intangible Assets | The estimated useful life of amortizable intangibles is reviewed and where appropriate is adjusted, annually. The estimated useful lives of the amortizable intangible assets are as follows: Category Useful life Customer-related intangibles 1 to 10 years Marketing-related intangibles 2.5 to 10 years Customer-related intangibles includes customer contracts and customer relationships acquired as a part of Business combinations. Marketing-related intangibles includes vendor relationships and brand acquired as a part of Business combinations. |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Property, plant and equipment | Land Buildings Plant and equipment (1) Furniture and fixtures Office Vehicles Total Gross carrying value: As at April 1, 2022 ₹ 4,813 ₹ 40,686 ₹ 123,471 ₹ 15,386 ₹ 7,259 ₹ 317 ₹ 191,932 Additions 40 7,269 12,191 3,917 964 7 24,388 Additions through Business combinations (Refer to Note 7) - 7 357 6 ^ 3 373 Disposals ( 3 ) ( 435 ) ( 20,016 ) ( 1,325 ) ( 474 ) ( 168 ) ( 22,421 ) Translation adjustment 10 173 1,729 102 69 2 2,085 As at March 31, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357 Accumulated depreciation/ impairment: As at April 1, 2022 ₹ - ₹ 10,003 ₹ 90,465 ₹ 10,814 ₹ 5,743 ₹ 297 ₹ 117,322 Depreciation and impairment - 1,217 13,305 1,794 600 10 16,926 Disposals - ( 395 ) ( 19,655 ) ( 1,158 ) ( 463 ) ( 163 ) ( 21,834 ) Translation adjustment - 102 1,386 70 48 1 1,607 As at March 31, 2023 ₹ - ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021 Capital work-in-progress ₹ 6,323 Net carrying value including Capital work-in-progress as at March 31, 2023 ₹ 88,659 Gross carrying value: As at April 1, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357 Additions - 428 6,975 1,716 354 3 9,476 Additions through Business combination (Refer to Note 7) - - 373 - 1 - 374 Disposals ( 486 ) ( 1,174 ) ( 22,815 ) ( 1,586 ) ( 663 ) ( 131 ) ( 26,855 ) Translation adjustment 1 70 248 17 4 1 341 As at March 31, 2024 ₹ 4,375 ₹ 47,024 ₹ 102,513 ₹ 18,233 ₹ 7,514 ₹ 34 ₹ 179,693 Accumulated depreciation/ impairment: As at April 1, 2023 ₹ - ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021 Depreciation and impairment - 1,490 11,856 2,193 638 7 16,184 Disposals - ( 683 ) ( 22,019 ) ( 1,444 ) ( 639 ) ( 130 ) ( 24,915 ) Translation adjustment - 41 211 18 5 ^ 275 As at March 31, 2024 ₹ - ₹ 11,775 ₹ 75,549 ₹ 12,287 ₹ 5,932 ₹ 22 ₹ 105,565 Capital work-in-progress ₹ 7,480 Net carrying value including Capital work-in-progress as at March 31, 2024 ₹ 81,608 ^ Value is less than 1 (1) Including net carrying value of computer equipment and software amounting to ₹ 22,425 and ₹ 17,553 , as at March 31, 2023 and 2024, respectively. |
Right-of-Use asset (Tables)
Right-of-Use asset (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure of Right of use assets [Abstract] | |
Summary of Right of Use Asset | Category of Right-of-Use asset Land Buildings Plant and equipment (1) Vehicles Total Gross carrying value: As at April 1, 2022 ₹ 1,278 ₹ 25,993 ₹ 2,511 ₹ 904 ₹ 30,686 Additions - 6,015 1,109 236 7,360 Additions through Business combinations (Refer to Note 7) - 201 - - 201 Disposals - ( 5,085 ) ( 1,160 ) ( 317 ) ( 6,562 ) Translation adjustment - 822 120 42 984 As at March 31, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669 Accumulated depreciation: As at April 1, 2022 ₹ 58 ₹ 9,676 ₹ 1,512 ₹ 570 ₹ 11,816 Depreciation 19 5,651 614 238 6,522 Disposals - ( 3,564 ) ( 1,003 ) ( 263 ) ( 4,830 ) Translation adjustment - 364 69 26 459 As at March 31, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967 Net carrying value as at March 31, 2023 ₹ 18,702 Gross carrying value: As at April 1, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669 Additions 65 6,505 264 251 7,085 Additions through Business combination (Refer to Note 7) - 33 - - 33 Disposals - ( 6,203 ) ( 636 ) ( 271 ) ( 7,110 ) Translation adjustment - 172 34 4 210 As at March 31, 2024 ₹ 1,343 ₹ 28,453 ₹ 2,242 ₹ 849 ₹ 32,887 Accumulated depreciation: As at April 1, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967 Depreciation 21 5,485 444 181 6,131 Disposals - ( 4,439 ) ( 561 ) ( 244 ) ( 5,244 ) Translation adjustment - 64 11 3 78 As at March 31, 2024 ₹ 98 ₹ 13,237 ₹ 1,086 ₹ 511 ₹ 14,932 Net carrying value as at March 31, 2024 ₹ 17,955 (1) Including net carrying value of computer equipme nt amounting to ₹ 4 and ₹ 2 , as at March 31, 2023 and 2024, respectively. |
Disclosure of Lease Expenses | The Company recognized the following expenses in the consolidated statement of income: Year ended March 31, 2022 2023 2024 Interest expenses on lease liabilities ₹ 894 ₹ 1,176 ₹ 1,334 Rent expense recognized under facility expenses pertaining to: Leases of low-value assets 150 261 245 Leases with less than twelve months of lease term 2,392 2,732 3,257 ₹ 3,436 ₹ 4,169 ₹ 4,836 |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Movement in Goodwill Balance | The movement in goodwill balance is given below: Year ended March 31, 2023 2024 Balance at the beginning of the year ₹ 246,989 ₹ 307,970 Translation adjustment 20,335 4,206 Acquisition through Business combinations (1) (Refer to Note 7) 40,687 4,314 Disposals ( 41 ) ( 488 ) Balance at the end of the year ₹ 307,970 ₹ 316,002 (1) Acquisition through business combinations for the years ended March 31, 2023 and 2024 is after considering the impact of ₹ 57 and ₹ ( 503 ) towards measurement period changes in the purchase price allocation of acquisitions made during the year ended March 31, 2022 and 2023, respectively. |
Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach | Goodwill recognized on business combinations is allocated to Cash Generating Units (CGUs), within the IT Services operating segment, which are expected to benefit from the synergies of the acquisitions. Year ended March 31, CGUs 2023 2024 Americas 1 ₹ 103,583 ₹ 104,310 Americas 2 98,081 104,134 Europe 78,459 79,596 Asia Pacific, Middle East and Africa 27,847 27,962 ₹ 307,970 ₹ 316,002 |
Summary of Movement in Intangible Assets | The movement in intangible assets is given below: Intangible assets Customer-related Marketing-related Total Gross carrying value: As at April 1, 2022 ₹ 43,366 ₹ 11,428 ₹ 54,794 Acquisition through Business combinations (Refer to Note 7) 5,602 482 6,084 Deductions/adjustments (1) ( 2,555 ) ( 862 ) ( 3,417 ) Translation adjustment 3,400 876 4,276 As at March 31, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737 Accumulated amortization/ impairment: As at April 1, 2022 ₹ 9,483 ₹ 1,756 ₹ 11,239 Amortization and impairment (2) 7,718 2,236 9,954 Deductions/adjustments ( 2,519 ) ( 862 ) ( 3,381 ) Translation adjustment 735 145 880 As at March 31, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692 Net carrying value as at March 31, 2023 ₹ 34,396 ₹ 8,649 ₹ 43,045 Gross carrying value: As at April 1, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737 Acquisition through business combinations (Refer to Note 7) 556 390 946 Deductions/adjustments ( 7,306 ) ( 505 ) ( 7,811 ) Translation adjustment 609 163 772 As at March 31, 2024 ₹ 43,672 ₹ 11,972 ₹ 55,644 Accumulated amortization/ impairment: As at April 1, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692 Amortization and impairment (2)(3) 9,961 1,795 11,756 Deductions/adjustments ( 7,306 ) ( 505 ) ( 7,811 ) Translation adjustment 209 50 259 As at March 31, 2024 ₹ 18,281 ₹ 4,615 ₹ 22,896 Net carrying value as at March 31, 2024 ₹ 25,391 ₹ 7,357 ₹ 32,748 (1) Includes ₹ 36 towards measurement period adjustment in customer-related intangible in an acquisition completed during the year ended March 31, 2022. (2) During the year ended March 31, 2023 and 2024, a decline in the revenue and earnings estimates led to a revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge ₹ 1,816 and ₹ 1,701 for the year ended March 31, 2023 and 2024, respectively, as part of amortization and impairment. (3) Due to change in estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ 2,807 for the year ended March 31, 2024, as part of amortization and impairment. |
Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition | As at March 31, 2024, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Net carrying value Estimated remaining amortization period Capco - customer-related intangible ₹ 18,380 6.08 years Capco - marketing-related intangible 6,415 7.08 years Rizing 2,267 0.64 - 3.64 years Vara Infotech Private Limited 1,013 2.5 - 5.5 years Aggne 914 2.87 - 3.87 years Rational Interaction, Inc. 909 2.89 years Eximius Design, LLC 791 3.40 years Convergence Acceleration Solutions, LLC 766 4.03 years Edgile, LLC 731 3.75 years Ampion Holdings Pty Ltd 504 0.35 - 3.35 years Others 58 0.24 - 0.50 years Total ₹ 32,748 |
Business combinations (Tables)
Business combinations (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure of detailed information about business combination [abstract] | |
Schedule of the purchase price allocation | The following table presents the purchase price allocation: Capco Ampion Edgile LeanSwift Net assets ₹ 1,138 ₹ 1,126 ₹ 1,289 ₹ 186 Fair value of property, plant and equipment 647 35 17 9 Fair value of right-of-use assets 2,882 74 - - Fair value of customer-related intangibles 24,273 1,748 1,717 63 Fair value of marketing-related intangibles 8,083 460 1,160 111 Deferred tax liabilities on intangible assets ( 9,383 ) ( 663 ) - ( 49 ) Total ₹ 27,640 ₹ 2,780 ₹ 4,183 ₹ 320 Goodwill 81,890 6,322 12,993 1,305 Total purchase price ₹ 109,530 ₹ 9,102 ₹ 17,176 ₹ 1,625 Net Assets include: Cash and cash equivalents ₹ 4,278 ₹ 855 ₹ 907 ₹ 145 Fair value of acquired trade receivables included in net assets 6,167 1,074 819 201 Gross contractual amount of acquired trade receivables 6,181 1,074 819 217 Less: Allowance for lifetime expected credit loss ( 14 ) - - ( 16 ) Amount included in general and administrative expenses: Transaction costs ₹ 358 ₹ 49 ₹ 152 ₹ 88 The following table presents the purchase price allocation: CAS Group Rizing Net assets ₹ 532 ₹ 3,850 Fair value of property, plant and equipment - 373 Fair value of right-of-use assets - 201 Fair value of customer-related intangibles 1,708 3,894 Fair value of marketing-related intangibles - 482 Deferred tax liabilities on intangible assets - ( 1,750 ) Total ₹ 2,240 ₹ 7,050 Goodwill 3,347 36,780 Total purchase price ₹ 5,587 ₹ 43,830 Net Assets include: Cash and cash equivalents ₹ 127 ₹ 2,114 Fair value of acquired trade receivables included in net assets 452 3,220 Gross contractual amount of acquired trade receivables 452 3,233 Less: Allowance for lifetime expected credit loss - ( 13 ) Amount included in general and administrative expenses: Transaction costs ₹ 19 ₹ 99 Aggne Net assets ₹ 194 Fair value of property, plant and equipment 374 Fair value of right-of-use assets 33 Fair value of customer-related intangibles 556 Fair value of marketing-related intangibles 390 Deferred tax liabilities on intangible assets ( 367 ) Total ₹ 1,180 Goodwill 4,817 Share of non-controlling interests ( 472 ) Total purchase price ₹ 5,525 Net Assets include: Cash and cash equivalents ₹ 153 Fair value of acquired trade receivables included in net assets 113 Gross contractual amount of acquired trade receivables 113 Less: Allowance for lifetime expected credit loss - Amount included in general and administrative expenses: Transaction costs ₹ 31 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Schedule of Investment | As at March 31, 2023 2024 Non-current Financial instruments at FVTPL Equity instruments (1) ₹ 3,773 ₹ 4,404 Fixed maturity plan mutual funds 1,300 1,395 Financial instruments at FVTOCI Equity instruments (1) 15,647 15,830 Financial instruments at amortized cost Inter corporate and term deposits ^ ^ ₹ 20,720 ₹ 21,629 Current Financial instruments at FVTPL Short-term mutual funds (2) ₹ 40,262 ₹ 71,686 Financial instruments at FVTOCI Non-convertible debentures 146,296 154,407 Government securities 9,422 7,030 Commercial papers 18,624 11,845 Certificate of deposits 16,828 - Bonds 54,025 28,195 Financial instruments at amortized cost Inter corporate and term deposits (3) 23,775 38,008 ₹ 309,232 ₹ 311,171 Total ₹ 329,952 ₹ 332,800 Financial instruments at FVTPL 45,335 77,485 Financial instruments at FVTOCI 260,842 217,307 Financial instruments at amortized cost 23,775 38,008 ^ Value is less than 1 (1) Uncalled capital commitments outstanding as at March 31, 2023 and 2024, was ₹ 1,288 and ₹ 1,450 respectively. (2) As at March 31, 2023 and 2024, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ Nil and ₹ 218 , respectively. These deposits earn a fixed rate of interest. As at March 31, 2023 and 2024, term deposits include current deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 653 and ₹ 117 , respectively. |
Summary of Financial Information in Respect of Investments Accounted for Using Equity Method | The aggregate summarized financial information in respect of the Company’s immaterial associate and joint venture that are accounted for using the equity method is set forth below: As at March 31, Carrying amount of the Company’s interest in: 2023 2024 An associate accounted for using the equity method ₹ 780 ₹ 783 (Unquoted: Series A Preferred Stock - 94,527 ; Common stock - 27,865 and Series B Preferred Stock - 190,525 ) A joint venture accounted for using the equity method - 261 (Unquoted: Class A units - 5,850,000 ) Total ₹ 780 ₹ 1,044 For the year ended March 31, Company’s share of net profit / (loss) in the consolidated statement of income pertaining to: 2022 2023 2024 An associate accounted for using the equity method ₹ 57 ₹ ( 57 ) ₹ ( 8 ) A joint venture accounted for using the equity method - - ( 225 ) Total ₹ 57 ₹ ( 57 ) ₹ ( 233 ) |
Summary of Equity Method Investments Non-current | Details of non-current investments in equity instruments- classified as FVTOCI Carrying value As at March 31, Particulars 2023 2024 Tricentis Corporation ₹ 2,764 ₹ 3,081 YugaByte, Inc. 2,161 2,194 Immuta, Inc. 1,390 1,411 TLV Partners, L.P. 1,318 1,296 Vectra Networks, Inc. 1,153 1,171 CyCognito Ltd. 1,060 1,076 Incorta, Inc. 772 784 TLV Partners II, L.P. 801 713 Work-Bench Ventures II-A, LP 491 495 B Capital Fund II, L.P. 517 488 Kognitos, Inc. 123 330 TLV Partners III, L.P. 354 307 Boldstart Ventures IV, L.P. 343 305 Avaamo Inc. 283 287 Boldstart Opportunities II, L.P. 321 264 Vulcan Cyber Limited 247 250 Sealights Technologies Ltd. 197 200 EMA Unlimited, Inc. - 167 Headspin Inc. 158 160 Glilot Capital Partners III L.P. 255 132 Squadcast, Inc. 99 100 Netspring Data, Inc. 164 72 Wep Solutions Limited 33 70 FPEL Ujwal Private Limited - 63 Apilyze Inc. - 63 Spartan Radar 164 57 Wep Peripherals Ltd. 58 57 Work-Bench Ventures III-A, LP 50 56 GTMfund II-QP, LP - 43 Tangibly Inc. - 42 Harte Hanks Inc. 66 38 Kibsi, Inc. 123 20 Altizon Systems Private Limited 19 19 Drivestream India Private Limited 19 19 Moogsoft (Herd) Inc. 144 - Tradeshift Inc. - - Total ₹ 15,647 ₹ 15,830 |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Schedule of Trade Receivables | As at March 31, 2023 2024 Trade receivables ₹ 134,026 ₹ 125,838 Allowance for lifetime expected credit loss ( 6,813 ) ( 6,316 ) ₹ 127,213 ₹ 119,522 Non-current ₹ 863 ₹ 4,045 Current 126,350 115,477 |
Summary of Allowance for Lifetime Expected Credit Loss | The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 10,299 ₹ 6,813 Additions / (write-back), net (Refer to Note 25) ( 604 ) 640 Charged against allowance ( 3,302 ) ( 1,078 ) Translation adjustment 420 ( 59 ) Balance at the end of the year ₹ 6,813 ₹ 6,316 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Schedule of Inventories | As at March 31, 2023 2024 Stores and spare parts ₹ 30 ₹ 27 Traded goods 1,158 880 ₹ 1,188 ₹ 907 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Cash and Cash Equivalents | As at March 31, 2022 2023 2024 Cash and bank balances ₹ 61,882 ₹ 60,417 ₹ 60,648 Demand deposits with banks (1) 41,954 31,463 36,305 ₹ 103,836 ₹ 91,880 ₹ 96,953 (1) These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal. |
Summary of Cash and Cash Equivalents for the Purpose of Cash Flow Statement | Cash and cash equivalents consist of the following for the purpose of the statement of cash flows: As at March 31, 2022 2023 2024 Cash and cash equivalents ₹ 103,836 ₹ 91,880 ₹ 96,953 Bank overdrafts ( 3 ) ( 19 ) ( 2 ) ₹ 103,833 ₹ 91,861 ₹ 96,951 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Other Financial Assets | As at March 31, 2023 2024 Non-current Security deposits ₹ 1,566 ₹ 1,221 Finance lease receivables 4,742 4,270 Dues from officers and employees 22 59 ₹ 6,330 ₹ 5,550 Current Security deposits ₹ 1,549 ₹ 2,035 Dues from officers and employees 735 596 Interest receivables 386 230 Finance lease receivables 5,672 5,307 Others 754 2,368 ₹ 9,096 ₹ 10,536 ₹ 15,426 ₹ 16,086 |
Summary of Finance Lease Receivables | Finance lease receivables consist of assets that are leased to customers for a contract term normally ranging 1 to 5 years, with lease payments due in monthly or quarterly installments. Details of finance lease receivables are given below: Minimum lease Present value of minimum lease payments As at March 31, 2023 2024 2023 2024 Not later than one year ₹ 6,031 ₹ 5,693 ₹ 5,672 ₹ 5,307 Later than one year but not later than five years 5,008 4,536 4,742 4,270 Gross investment in lease ₹ 11,039 ₹ 10,229 ₹ 10,414 ₹ 9,577 Less: Unearned finance income ( 625 ) ( 652 ) - - Present value of minimum lease payment receivables ₹ 10,414 ₹ 9,577 ₹ 10,414 ₹ 9,577 Non-current ₹ 4,742 ₹ 4,270 Current 5,672 5,307 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of detailed information about other assets | As at March 31, 2023 2024 Non-current Prepaid expenses ₹ 5,375 ₹ 3,424 Costs to obtain contract (1) 2,936 2,324 Costs to fulfil contract (2) 261 205 Others 5,034 4,378 ₹ 13,606 ₹ 10,331 Current Prepaid expenses ₹ 19,164 ₹ 17,574 Dues from officers and employees 799 343 Advance to suppliers 2,506 3,267 Balance with GST and other authorities 7,929 6,029 Costs to obtain contract (1) 978 867 Costs to fulfil contract (2) 59 60 Others 1,464 1,462 ₹ 32,899 ₹ 29,602 ₹ 46,505 ₹ 39,933 (1) Costs to obtain contract amortization of ₹ 902 , ₹ 892 and ₹ 1,083 during the year ended March 31, 2022, 2023 and 2024 respectively. (2) Costs to fulfil contract amortization of ₹ 54 , ₹ 58 and ₹ 60 during the year ended March 31, 2022, 2023 and 2024 respectively . |
Loans, borrowings and bank ov_2
Loans, borrowings and bank overdrafts (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Current and Non-Current Borrowings | As at March 31, 2023 2024 Non-current Unsecured Notes 2026 (1) ₹ 61,272 ₹ 62,300 ₹ 61,272 ₹ 62,300 Current Borrowings from banks ₹ 88,745 ₹ 79,164 Bank overdrafts 19 2 Loans from institutions other than banks 57 - ₹ 88,821 ₹ 79,166 ₹ 150,093 ₹ 141,466 (1) On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$ 750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50 % per annum and will mature on June 23, 2026 . Interest on the Notes is payable semi-annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). |
Summary of Long - Term Loans and Borrowings | As at March 31, 2023 As at March 31, 2024 Currency Foreign currency in millions Indian Rupee Foreign currency in millions Indian Rupee Final maturity Unsecured Notes 2026 U.S. Dollar (US$) 746 ₹ 61,272 747 ₹ 62,300 June-26 Unsecured loans Indian Rupee (INR) - 57 - - - ₹ 61,329 ₹ 62,300 Non-current portion of long-term loans and borrowings ₹ 61,272 ₹ 62,300 Current portion of long-term loans and borrowings 57 - Cash and non-cash changes in liabilities arising from financing activities: Non-cash changes April 1, 2022 Cash flow Net additions to Lease Liabilities Effective interest rate adjustment Foreign exchange movements March 31, 2023 Borrowings ₹ 151,693 ₹ ( 7,876 ) ₹ - ₹ 108 ₹ 6,149 ₹ 150,074 Lease Liabilities 24,233 ( 9,711 ) 9,021 - 1,030 24,573 ₹ 175,926 ₹ ( 17,587 ) ₹ 9,021 ₹ 108 ₹ 7,179 ₹ 174,647 Non-cash changes April 1, 2023 Cash flow Net additions to Lease Liabilities Effective interest rate adjustment Foreign exchange movements March 31, 2024 Borrowings ₹ 150,074 ₹ ( 10,057 ) ₹ - ₹ 112 ₹ 1,335 ₹ 141,464 Lease Liabilities 24,573 ( 10,060 ) 8,438 - 232 23,183 ₹ 174,647 ₹ ( 20,117 ) ₹ 8,438 ₹ 112 ₹ 1,567 ₹ 164,647 |
Trade payables and accrued ex_2
Trade payables and accrued expenses (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Trade Payables and Accrued Expenses | As at March 31, 2023 2024 Trade payables ₹ 21,728 ₹ 23,275 Accrued expenses 67,326 65,291 ₹ 89,054 ₹ 88,566 |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure Of Detailed Information About Other Financial Liabilities [Abstract] | |
Summary of detailed information about other financial liabilities | As at March 31, 2023 2024 Non-current Contingent consideration (Refer to Note 19) ₹ 1,545 ₹ 429 Liability on written put options to non-controlling interests (Refer to Note 19) - 4,303 Deposits and others 1,104 253 ₹ 2,649 ₹ 4,985 Current Contingent consideration (Refer to Note 19) ₹ 1,508 ₹ - Advance from customers 1,373 598 Cash Settled ADS RSUs 6 3 Capital creditors 215 333 Deposits and others 1,039 1,338 ₹ 4,141 ₹ 2,272 ₹ 6,790 ₹ 7,257 |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Disclosure Of Detailed Information About Other Liabilities Explanatory | As at March 31, 2023 2024 Non-current Employee benefits obligations ₹ 2,947 ₹ 4,219 Others 6,386 8,751 ₹ 9,333 ₹ 12,970 Current Employee benefits obligations ₹ 15,885 ₹ 16,057 Statutory and other liabilities 13,155 13,275 Advance from customers 645 1,192 Others 530 771 ₹ 30,215 ₹ 31,295 ₹ 39,548 ₹ 44,265 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Provisions [abstract] | |
Summary of detailed information about provisions | As at March 31, 2023 2024 Non-current Provision for warranty ₹ ^ ₹ - ₹ ^ ₹ - Current Provision for onerous contracts ₹ 1,590 ₹ 1,599 Provision for warranty 456 217 Others 503 155 ₹ 2,549 ₹ 1,971 ₹ 2,549 ₹ 1,971 ^ Value is less than 1 |
Summary of Activity for Provision for Warranty and Other Provisions | A summary of activity in provision for warranty, provision for onerous contracts and other provisions is as follows: Year ended March 31, 2023 Year ended March 31, 2024 Provision for warranty Provision for onerous contracts (1) Others Total Provision for warranty Provision for onerous contracts Others Total Balance at the beginning of the year ₹ 295 ₹ 1,946 ₹ 531 ₹ 2,772 ₹ 456 ₹ 1,590 ₹ 503 ₹ 2,549 Additional provision during the year 414 866 - 1,280 151 916 - 1,067 Utilized/written-back during the year ( 253 ) ( 1,222 ) ( 28 ) ( 1,503 ) ( 390 ) ( 911 ) ( 348 ) ( 1,649 ) Translation adjustment - - - - - 4 - 4 Balance at the end of the year ₹ 456 ₹ 1,590 ₹ 503 ₹ 2,549 ₹ 217 ₹ 1,599 ₹ 155 ₹ 1,971 (1) Addition in Provision for onerous contracts for the year ended March 31, 2023 includes ₹ 51 towards adoption of Amendments to IAS 37 – Onerous Contracts – Cost of Fulfilling a Contract. |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Schedule of Carrying Value of Financial Instruments by Categories | The carrying value of financial instruments by categories as at March 31, 2023 is as follows: Fair value through other comprehensive income Fair value through profit or loss Mandatory Designated Amortized cost Total Financial Assets: Cash and cash equivalents (Refer to Note 11) ₹ - ₹ - ₹ - ₹ 91,880 ₹ 91,880 Investments (Refer to Note 8) Equity Instruments 3,773 - 15,647 - 19,420 Fixed maturity plan mutual funds 1,300 - - - 1,300 Short-term mutual funds 40,262 - - - 40,262 Non-convertible debentures - 146,296 - - 146,296 Government securities - 9,422 - - 9,422 Commercial papers - 18,624 - - 18,624 Certificate of deposits - 16,828 - - 16,828 Bonds - 54,025 - - 54,025 Inter corporate and term deposits - - - 23,775 23,775 Other financial assets Trade receivables (Refer to Note 9) - - - 127,213 127,213 Unbilled receivables - - - 60,515 60,515 Other financial assets (Refer to Note 12) - - - 15,426 15,426 Derivative assets (Refer to Note 19) 1,101 - 772 - 1,873 ₹ 46,436 ₹ 245,195 ₹ 16,419 ₹ 318,809 ₹ 626,859 Financial Liabilities: Trade payables and other liabilities Trade payables and accrued expenses (Refer to Note 15) ₹ - ₹ - ₹ - ₹ 89,054 ₹ 89,054 Other financial liabilities (Refer to Note 16) - - - 6,790 6,790 Loans, borrowings and bank overdrafts (Refer to Note 14) - - - 150,093 150,093 Lease liabilities - - - 24,573 24,573 Derivative liabilities (Refer to Note 19) 470 - 2,534 - 3,004 ₹ 470 ₹ - ₹ 2,534 ₹ 270,510 ₹ 273,514 The carrying value of financial instruments by categories as at March 31, 2024 is as follows: Fair value through other comprehensive income Fair value through profit or loss Mandatory Designated Amortized cost Total Financial Assets: Cash and cash equivalents (Refer to Note 11) ₹ - ₹ - ₹ - ₹ 96,953 ₹ 96,953 Investments (Refer to Note 8) Equity Instruments 4,404 - 15,830 - 20,234 Fixed maturity plan mutual funds 1,395 - - - 1,395 Short-term mutual funds 71,686 - - - 71,686 Non-convertible debentures - 154,407 - - 154,407 Government securities - 7,030 - - 7,030 Commercial papers - 11,845 - - 11,845 Bonds - 28,195 - - 28,195 Inter corporate and term deposits - - - 38,008 38,008 Other financial assets Trade receivables (Refer to Note 9) - - - 119,522 119,522 Unbilled receivables - - - 58,345 58,345 Other financial assets (Refer to Note 12) - - - 16,086 16,086 Derivative assets (Refer to Note 19) 390 - 968 - 1,358 ₹ 77,875 ₹ 201,477 ₹ 16,798 ₹ 328,914 ₹ 625,064 Financial Liabilities: Trade payables and other liabilities Trade payables and accrued expenses (Refer to Note 15) ₹ - ₹ - ₹ - ₹ 88,566 ₹ 88,566 Other financial liabilities (Refer to Note 16) - - - 7,257 7,257 Loans, borrowings and bank overdrafts (Refer to Note 14) - - - 141,466 141,466 Lease liabilities - - - 23,183 23,183 Derivative liabilities (Refer to Note 19) 329 - 233 - 562 ₹ 329 ₹ - ₹ 233 ₹ 260,472 ₹ 261,034 |
Summary of Offsetting Other Financial Assets and Trade Payable and Other Financial Liabilities | The following table contains information on other financial assets and trade payable and other financial liabilities subject to offsetting: As at March 31, 2023 As at March 31, 2024 Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Trade receivables - non-current ₹ 863 ₹ - ₹ 863 ₹ 4,045 ₹ - ₹ 4,045 Trade receivables - current 134,053 ( 7,703 ) 126,350 125,624 ( 10,147 ) 115,477 Other financial assets - non-current 6,330 - 6,330 5,550 - 5,550 Other financial assets - current 9,096 - 9,096 10,536 - 10,536 Unbilled receivables 62,690 ( 2,175 ) 60,515 61,055 ( 2,710 ) 58,345 ₹ 213,032 ₹ ( 9,878 ) ₹ 203,154 ₹ 206,810 ₹ ( 12,857 ) ₹ 193,953 As at March 31, 2023 As at March 31, 2024 Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Gross amounts recognized Gross amounts of recognized financial liabilities set off Net amounts recognized Trade payables and accrued expenses ₹ 98,932 ₹ ( 9,878 ) ₹ 89,054 ₹ 101,423 ₹ ( 12,857 ) ₹ 88,566 Other financial liabilities - non-current 2,649 - 2,649 4,985 - 4,985 Other financial liabilities - current 4,141 - 4,141 2,272 - 2,272 ₹ 105,722 ₹ ( 9,878 ) ₹ 95,844 ₹ 108,680 ₹ ( 12,857 ) ₹ 95,823 |
Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis | The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis: As at March 31, 2023 As at March 31, 2024 Fair value measurements at reporting date Fair value measurements at reporting date Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Derivative instruments: Cash flow hedges ₹ 772 ₹ - ₹ 772 ₹ - ₹ 968 ₹ - ₹ 968 ₹ - Others 1,101 - 1,101 - 390 - 390 - Investments: Short-term mutual funds 40,262 40,262 - - 71,686 71,686 - - Fixed maturity plan mutual funds 1,300 - 1,300 - 1,395 - 1,395 - Equity instruments 19,420 99 - 19,321 20,234 108 - 20,126 Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds 245,195 1,256 243,939 - 201,477 1,282 200,195 - Liabilities Derivative instruments: Cash flow hedges ₹ ( 2,534 ) ₹ - ₹ ( 2,534 ) ₹ - ₹ ( 233 ) ₹ - ₹ ( 233 ) ₹ - Others ( 470 ) - ( 470 ) - ( 329 ) - ( 329 ) - Liability on written put options to non-controlling interests - - - - ( 4,303 ) - - ( 4,303 ) Contingent consideration ( 3,053 ) - - ( 3,053 ) ( 429 ) - - ( 429 ) |
Summary of Methods and Assumptions were used to Estimate the Fair Value of Financial Instruments | The following methods and assumptions were used to estimate the fair value of the level 2 financial instruments included in the above table. Financial instrument Method and assumptions Derivative instruments (assets and liabilities) The Company enters into derivative financial instruments with various counterparties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at March 31, 2024, the changes in counterparty credit risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value. Investment in non-convertible debentures, government securities, commercial papers, certificate of deposits and bonds Fair value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at reporting date. Investment in fixed maturity plan mutual funds Fair value of these instruments is derived based on the indicative quotes of price prevailing in the market as at reporting date. The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table. Financial instrument Method and assumptions Investment in equity instruments Fair value of these instruments is determined using market approach primarily based on market multiples method. Contingent consideration and liability on written put options to non-controlling interest Fair value of these instruments is determined using valuation techniques which includes inputs relating to risk-adjusted revenue and operating profit forecast. |
Summary of Changes in Level 3 Assets and Liabilities | The following table presents changes in Level 3 assets and liabilities for the year ended March 31, 2023 and 2024: Investment in equity instruments As at March 31, 2023 2024 Balance at the beginning of the year ₹ 16,324 ₹ 19,321 Additions 2,093 1,277 Disposals (1)(2) ( 632 ) ( 416 ) Unrealized gain/(loss) recognized in consolidated statement of income ( 2 ) ( 136 ) Gain/(loss) recognized in other comprehensive income 291 ( 485 ) Translation adjustment 1,247 565 Balance at the end of the year ₹ 19,321 ₹ 20,126 (1) During the year ended March 31, 2023, the Company sold its shares in Vicarious FPC, Inc. and Harte Hanks Inc. at a fair value of ₹ 1,150 and recognized a cumulative gain of ₹ 30 in other comprehensive income. (2) During the year ended March 31, 2024, the Company sold its shares in Moogsoft (Herd) Inc. at a fair value of ₹ 179 and recognized a cumulative loss of ₹ 91 in other comprehensive income. Contingent consideration As at March 31, 2023 2024 Balance at the beginning of the year ₹ ( 4,329 ) ₹ ( 3,053 ) Additions ( 1,662 ) - Reversals (1) 1,671 1,300 Payouts 1,784 1,294 Finance expense (recognized)/reversed in consolidated statement of income ( 131 ) 55 Translation adjustment ( 386 ) ( 25 ) Balance at the end of the year ₹ ( 3,053 ) ₹ ( 429 ) (1) Towards change in fair value of earn-out liability as a result of changes in estimates of revenue and earnings over the earn-out period. Liability on written put options to non-controlling interests As at March 31, 2023 2024 Balance at the beginning of the year ₹ - ₹ - Addition through Business combination (Refer to Note 7) - ( 4,238 ) Finance expense recognized in consolidated statement of income - ( 33 ) Translation adjustment - ( 32 ) Balance at the end of the year ₹ - ₹ ( 4,303 ) |
Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding | The following table presents the aggregate contracted principal amounts of the Company's derivative contracts outstanding: (in million) As at March 31, 2023 2024 Notional Fair value Notional Fair value Designated derivative instruments Sell: Forward contracts USD 977 ₹ ( 262 ) USD 1,349 ₹ 264 € 94 ₹ ( 497 ) € 11 ₹ 10 £ 138 ₹ ( 728 ) £ 17 ₹ 16 AUD 89 ₹ 9 AUD 15 ₹ 15 Range forward option contracts USD 1,157 ₹ ( 19 ) USD 730 ₹ 192 € 49 ₹ ( 112 ) € 129 ₹ 59 £ 60 ₹ ( 69 ) £ 86 ₹ ( 11 ) AUD 34 ₹ 29 AUD 57 ₹ 10 Interest rate swaps INR 4,750 ₹ ( 113 ) INR 4,750 ₹ ( 71 ) USD - ₹ - USD 225 ₹ 233 Non-designated derivative instruments Sell: Forward contracts (1) USD 1,550 ₹ 736 USD 1,158 ₹ ( 31 ) € 171 ₹ ( 176 ) € 195 ₹ 119 £ 129 ₹ ( 100 ) £ 72 ₹ 44 AUD 56 ₹ 69 AUD 55 ₹ 30 SGD 14 ₹ 1 SGD 26 ₹ 12 ZAR 43 ₹ ( 7 ) ZAR 97 ₹ 4 CAD 69 ₹ ( 25 ) CAD 61 ₹ ( 1 ) SAR 147 ₹ ( 6 ) SAR 188 ₹ ( 2 ) CHF 9 ₹ 5 CHF - ₹ - QAR 4 ₹ ( 2 ) QAR 5 ₹ ( 2 ) TRY 30 ₹ ( 1 ) TRY 86 ₹ ( 1 ) NOK 13 ₹ 6 NOK 20 ₹ 2 OMR 1 ₹ ^ OMR 2 ₹ ^ SEK 3 ₹ ^ SEK - ₹ - JPY 784 ₹ 6 JPY 3,975 ₹ 32 DKK 33 ₹ ( 4 ) DKK 33 ₹ 3 AED 20 ₹ ^ AED 22 ₹ ^ CNH 1 ₹ ^ CNH 11 ₹ 3 MXN - ₹ - MXN 212 ₹ ( 35 ) COP - ₹ - COP 8,120 ₹ ( 5 ) MYR - ₹ - MYR 20 ₹ ( 2 ) RON - ₹ - RON 80 ₹ ( 9 ) BHD - ₹ - BHD ^ ₹ ^ HKD - ₹ - HKD 80 ₹ ^ CRC - ₹ - CRC 3,380 ₹ ( 19 ) NZD - ₹ - NZD 2 ₹ 2 Buy: Forward contracts AED 5 ₹ ^ AED - ₹ - NOK 12 ₹ ^ NOK - ₹ - QAR 4 ₹ 2 QAR 29 ₹ 10 ZAR 7 ₹ 1 ZAR - ₹ - PLN 26 ₹ 13 PLN 39 ₹ ( 6 ) SEK - ₹ - SEK 39 ₹ ( 5 ) USD - ₹ - USD 4 ₹ 1 CHF - ₹ - CHF 5 ₹ ( 29 ) TWD - ₹ - TWD 40 ₹ ( 2 ) BRL - ₹ - BRL 67 ₹ ( 5 ) RON - ₹ - RON 91 ₹ ( 9 ) CAD - ₹ - CAD 49 ₹ ( 4 ) € - ₹ - € 7 ₹ ( 5 ) CNH - ₹ - CNH 126 ₹ ( 5 ) RMB - ₹ - RMB 25 ₹ ( 6 ) £ - ₹ - £ 2 ₹ ^ KWD - ₹ - KWD ^ ₹ ^ AUD - ₹ - AUD 2 ₹ ^ Range forward option contracts USD 30 ₹ 31 USD - ₹ - Interest rate swaps USD 200 ₹ 82 USD - ₹ - ₹ ( 1,131 ) ₹ 796 ^ Value is less than 1 (1) USD 1,550 and USD 1,158 includes USD/PHP sell forward of USD 77 and USD 167 as at March 31, 2023 and 2024, respectively. |
Summary of Activity in Cash Flow Hedging Reserve within Equity Related to all Derivative Instruments Classified as Cash Flow Hedges | The following table summarizes activity in the cash flow hedging reserve within equity related to all derivative instruments classified as cash flow hedges: As at March 31, 2023 2024 Balance as at the beginning of the year ₹ 1,943 ₹ ( 1,762 ) Changes in fair value of effective portion of derivatives ( 4,839 ) 1,461 Deferred cancellation gain/(loss), net - 40 Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions (1) 1,134 1,016 Ineffective portion of derivative instruments classified to consolidated statement of income - 18 Gain/(loss) on cash flow hedging derivatives, net ₹ ( 3,705 ) ₹ 2,535 Balance as at the end of the year ₹ ( 1,762 ) ₹ 773 Deferred tax asset/(liability) thereon 359 ( 195 ) Balance as at the end of the year, net of deferred taxes ₹ ( 1,403 ) ₹ 578 (1) Includes net (gain)/loss reclassified to revenue of ₹ 2,471 and ₹ 898 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to cost of revenues of ₹ ( 1,337 ) and ₹ 221 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to finance expenses of ₹ Nil and ₹ ( 167 ) for the year ended March 31, 2023, and 2024, respectively and net (gain)/loss reclassified to finance and other income of ₹ Nil and ₹ 64 for the year ended March 31, 2023, and 2024, respectively. |
Summary of Foreign Currency Risk from Non-derivative Financial Instruments | The below table presents foreign currency risk from non-derivative financial instruments as at March 31, 2023 and 2024: As at March 31, 2023 US$ Euro Pound Sterling Australian Dollar Canadian Dollar Other currencies (1) Total Trade receivables ₹ 42,312 ₹ 13,758 ₹ 8,911 ₹ 2,317 ₹ 1,567 ₹ 5,661 ₹ 74,526 Unbilled receivables 19,372 3,050 2,360 1,431 393 1,719 28,325 Contract assets 4,597 7,081 3,077 632 180 1,193 16,760 Cash and cash equivalents 10,048 5,810 2,448 1,288 2,643 4,244 26,481 Other financial assets 40,039 1,066 1,234 136 130 1,690 44,295 Lease Liabilities ( 4,022 ) ( 2,998 ) ( 457 ) ( 175 ) ( 118 ) ( 1,765 ) ( 9,535 ) Trade payables, accrued expenses and other financial liabilities ( 26,726 ) ( 11,417 ) ( 6,120 ) ( 1,329 ) ( 1,482 ) ( 3,285 ) ( 50,359 ) Non-derivative financial assets/ (liabilities), net ₹ 85,620 ₹ 16,350 ₹ 11,453 ₹ 4,300 ₹ 3,313 ₹ 9,457 ₹ 130,493 (1) Other currencies reflect currencies such as Saudi Riyal, Singapore Dollar and Japanese Yen. As at March 31, 2024 US$ Euro Pound Sterling Australian Dollar Canadian Dollar Other currencies (1) Total Trade receivables ₹ 35,193 ₹ 12,315 ₹ 8,644 ₹ 2,556 ₹ 819 ₹ 4,198 ₹ 63,725 Unbilled receivables 18,104 3,427 3,250 1,694 599 2,615 29,689 Contract assets 3,849 6,004 2,341 495 112 525 13,326 Cash and cash equivalents 19,008 4,672 1,068 782 3,441 3,320 32,291 Other financial assets 12,549 1,428 197 207 785 1,818 16,984 Lease Liabilities ( 2,976 ) ( 2,764 ) ( 183 ) ( 155 ) ( 137 ) ( 1,269 ) ( 7,484 ) Trade payables, accrued expenses and other financial liabilities ( 27,161 ) ( 15,370 ) ( 9,533 ) ( 1,624 ) ( 920 ) ( 3,045 ) ( 57,653 ) Non-derivative financial assets/ (liabilities), net ₹ 58,566 ₹ 9,712 ₹ 5,784 ₹ 3,955 ₹ 4,699 ₹ 8,162 ₹ 90,878 (1) Other currencies reflect currencies such as Saudi Riyal, United Arab Emirates Dirham and Japanese Yen. |
Summary of Remaining Contractual Maturities of Significant Financial Liabilities at Reporting Date | The table below provides details regarding the remaining contractual maturities of significant financial liabilities at the reporting date. The amounts include estimated interest payments and exclude the impact of netting agreements, if any. As at March 31, 2023 Less than 1 year 1-2 years 2-4 years Beyond 4 years Total Cashflows Interest included in total cash flows Carrying value Loans, borrowings and bank overdrafts (1) ₹ 91,743 ₹ 924 ₹ 63,015 ₹ - ₹ 155,682 ₹ ( 5,589 ) ₹ 150,093 Lease Liabilities (1) 9,620 7,130 7,233 3,087 27,070 ( 2,497 ) 24,573 Trade payables and accrued expenses 89,054 - - - 89,054 - 89,054 Derivative liabilities 2,825 153 26 - 3,004 - 3,004 Other financial liabilities (2) 4,192 1,587 951 410 7,140 ( 350 ) 6,790 As at March 31, 2024 Less than 1 year 1-2 years 2-4 years Beyond 4 years Total Cashflows Interest included in total cash flows Carrying value Loans, borrowings and bank overdrafts (1) ₹ 81,157 ₹ 938 ₹ 63,019 ₹ - ₹ 145,114 ₹ ( 3,648 ) ₹ 141,466 Lease Liabilities (1) 10,377 6,670 5,504 3,690 26,241 ( 3,058 ) 23,183 Trade payables and accrued expenses 88,566 - - - 88,566 - 88,566 Derivative liabilities 558 4 - - 562 - 562 Other financial liabilities (2) 2,272 601 2,513 2,790 8,176 ( 919 ) 7,257 (1) Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. (2) Includes future cash outflow towards estimated interest on contingent consideration and liability on written put options to non-controlling interests. |
Summary of Balanced View of Liquidity and Financial Indebtedness | The balanced view of liquidity and financial indebtedness is stated in the table below. The management for external communication with investors, analysts and rating agencies uses this calculation of the net cash position: As at March 31, 2023 2024 Cash and cash equivalents ₹ 91,880 ₹ 96,953 Investments - current 309,232 311,171 Loans, borrowings and bank overdrafts ( 150,093 ) ( 141,466 ) ₹ 251,019 ₹ 266,658 |
Foreign currency translation _2
Foreign currency translation reserve and Other reserves (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Movement in Foreign Currency Translation Reserve Attributable to Equity Holders | The movement in foreign currency translation reserve attributable to equity holders of the Company is summarized below: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 26,850 ₹ 43,255 Translation difference related to foreign operations, net 16,538 4,204 Reclassification of foreign currency translation differences on sale of investment in associates and liquidation of subsidiaries to consolidated statement of income ( 133 ) ( 198 ) Balance at the end of the year ₹ 43,255 ₹ 47,261 |
Summary Of Movement In Other Reserve | The movement in other reserves is summarized below: Other Reserves Particulars Remeasurements of the defined benefit plans Investment in debt instruments Investment in equity instruments Capital Redemption Reserve Gross obligation to non-controlling interests under As at April 1, 2021 ₹ ( 897 ) ₹ 4,237 ₹ 1,378 ₹ 1,122 ₹ - Other comprehensive income 399 ( 1,219 ) 8,710 - - As at March 31, 2022 ₹ ( 498 ) ₹ 3,018 ₹ 10,088 ₹ 1,122 ₹ - As at April 1, 2022 ₹ ( 498 ) ₹ 3,018 ₹ 10,088 ₹ 1,122 ₹ - Other comprehensive income ( 50 ) ( 3,137 ) 705 - - As at March 31, 2023 ₹ ( 548 ) ₹ ( 119 ) ₹ 10,793 ₹ 1,122 ₹ - As at April 1, 2023 ₹ ( 548 ) ₹ ( 119 ) ₹ 10,793 ₹ 1,122 ₹ - Addition through Business combination (Refer to Note 7) - - - - ( 4,238 ) Other comprehensive income 262 1,516 ( 473 ) - - Buyback of equity shares (Refer to Note 22) - - - 539 - As at March 31, 2024 ₹ ( 286 ) ₹ 1,397 ₹ 10,320 ₹ 1,661 ₹ ( 4,238 ) |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Allocation of Income Tax Expense to Other Comprehensive Income | Year ended March 31, 2022 2023 2024 Income tax expense as per the statement of income ₹ 28,946 ₹ 33,992 ₹ 36,089 Income tax included in other comprehensive income on: Gains/(losses) on investment securities 242 ( 275 ) 259 Gains/(losses) on cash flow hedging derivatives 14 ( 825 ) 554 Remeasurements of the defined benefit plans 3 ( 16 ) 111 ₹ 29,205 ₹ 32,876 ₹ 37,013 |
Summary of Components of Income Tax Expense | Income tax expense consists of the following: Year ended March 31, 2022 2023 2024 Current taxes ₹ 32,415 ₹ 32,198 ₹ 34,973 Deferred taxes ( 3,469 ) 1,794 1,116 ₹ 28,946 ₹ 33,992 ₹ 36,089 |
Summary of Reconciliation of Income Tax Expense | The reconciliation between the provision of income tax and amounts computed by applying the Indian statutory income tax rate to profit before taxes is as follows: Year ended March 31, 2022 2023 2024 Profit before tax ₹ 151,275 ₹ 147,657 ₹ 147,210 Enacted income tax rate in India 34.94 % 34.94 % 34.94 % Computed expected tax expense ₹ 52,855 ₹ 51,591 ₹ 51,435 Effect of: Income exempt from tax ₹ ( 17,503 ) ₹ ( 17,398 ) ₹ ( 14,897 ) Basis differences that will reverse during a tax holiday period 1,348 268 ( 202 ) Income taxed at higher / (lower) rates ( 5,649 ) ( 3,818 ) ( 7,497 ) Taxes related to prior years ( 5,499 ) ( 536 ) 2,567 Changes in unrecognized deferred tax assets 669 618 1,092 Expenses disallowed for tax purpose 2,898 3,563 3,945 Others, net ( 173 ) ( 296 ) ( 354 ) Income tax expense ₹ 28,946 ₹ 33,992 ₹ 36,089 Effective income tax rate 19.13 % 23.02 % 24.52 % |
Summary of Components of Deferred Tax Assets and Liabilities | The components of deferred tax assets and liabilities are as follows: As at March 31, 2023 2024 Deferred tax assets Carry forward losses (1) ₹ 2,624 ₹ 1,254 Trade payables, accrued expenses and other liabilities 6,367 5,793 Allowances for lifetime expected credit loss 1,743 1,618 Cash flow hedges 359 - Others - 94 ₹ 11,093 ₹ 8,759 Deferred tax liabilities Property, plant and equipment ₹ ( 911 ) ₹ ( 912 ) Amortizable goodwill ( 3,855 ) ( 4,909 ) Intangible assets ( 10,170 ) ( 8,601 ) Interest income and fair value movement of investments ( 1,170 ) ( 1,347 ) Contract liabilities ( 370 ) ( 625 ) Special Economic Zone re-investment reserve ( 7,237 ) ( 7,820 ) Cash flow hedges - ( 195 ) Others ( 433 ) - ₹ ( 24,146 ) ₹ ( 24,409 ) Deferred tax liabilities, net ₹ ( 13,053 ) ₹ ( 15,650 ) Amounts presented in consolidated statement of financial position: Deferred tax assets ₹ 2,100 ₹ 1,817 Deferred tax liabilities ( 15,153 ) ( 17,467 ) (1) Includes deferred tax asset recognized on carry forward losses pertaining to business combinations. |
Movement in Deferred Tax Assets and Liabilities | Movement in deferred tax assets and liabilities Movement during the year ended As at April 1, 2021 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combinations and others Translation adjustment As at March 31, 2022 Carry forward losses ₹ 1,637 ₹ 1,083 ₹ - ₹ ( 677 ) ₹ 101 ₹ 2,144 Trade payables, accrued expenses and other liabilities 5,115 363 ( 3 ) 584 44 6,103 Allowances for lifetime expected credit loss 3,208 ( 248 ) - - 27 2,987 Property, plant and equipment ( 1,268 ) 289 - ( 49 ) ( 30 ) ( 1,058 ) Amortizable goodwill ( 2,065 ) ( 1,129 ) - - ( 91 ) ( 3,285 ) Intangible assets ( 1,249 ) 1,910 - ( 10,094 ) ( 212 ) ( 9,645 ) Interest income and fair value movement of investments ( 1,582 ) 424 ( 242 ) 336 ( 3 ) ( 1,067 ) Cash flow hedges ( 452 ) - ( 14 ) - - ( 466 ) Contract asset / (Contract liabilities) 91 ( 205 ) - 47 7 ( 60 ) Special Economic Zone re-investment reserve ( 6,494 ) 945 - - - ( 5,549 ) Others 90 37 - 24 ( 98 ) 53 Deferred tax liabilities, net ₹ ( 2,969 ) ₹ 3,469 ₹ ( 259 ) ₹ ( 9,829 ) ₹ ( 255 ) ₹ ( 9,843 ) Movement during the year ended As at April 1, 2022 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combinations and others Translation adjustment As at March 31, 2023 Carry forward losses ₹ 2,144 ₹ 397 ₹ - ₹ - ₹ 83 ₹ 2,624 Trade payables, accrued expenses and other liabilities 6,103 99 16 - 149 6,367 Allowances for lifetime expected credit loss 2,987 ( 1,234 ) - - ( 10 ) 1,743 Property, plant and equipment ( 1,058 ) 202 - - ( 55 ) ( 911 ) Amortizable goodwill ( 3,285 ) ( 299 ) - - ( 271 ) ( 3,855 ) Intangible assets ( 9,645 ) 1,947 - ( 1,750 ) ( 722 ) ( 10,170 ) Interest income and fair value movement of investments ( 1,067 ) ( 367 ) 275 - ( 11 ) ( 1,170 ) Cash flow hedges ( 466 ) - 825 - - 359 Contract asset / (Contract liabilities) ( 60 ) ( 298 ) - - ( 12 ) ( 370 ) Special Economic Zone re-investment reserve ( 5,549 ) ( 1,688 ) - - - ( 7,237 ) Others 53 ( 553 ) - 134 ( 67 ) ( 433 ) Deferred tax liabilities, net ₹ ( 9,843 ) ₹ ( 1,794 ) ₹ 1,116 ₹ ( 1,616 ) ₹ ( 916 ) ₹ ( 13,053 ) Movement during the year ended As at April 1, 2023 Credit/ (charge) in the consolidated statement of income Credit/ (charge) in other comprehensive income On account of Business combination and others Translation adjustment As at March 31, 2024 Carry forward losses ₹ 2,624 ₹ ( 1,384 ) ₹ - ₹ - ₹ 14 ₹ 1,254 Trade payables, accrued expenses and other liabilities 6,367 ( 477 ) ( 111 ) ( 4 ) 18 5,793 Allowances for lifetime expected credit loss 1,743 ( 129 ) - - 4 1,618 Property, plant and equipment ( 911 ) ( 1 ) - - - ( 912 ) Amortizable goodwill ( 3,855 ) ( 993 ) - - ( 61 ) ( 4,909 ) Intangible assets ( 10,170 ) 2,067 - ( 367 ) ( 131 ) ( 8,601 ) Interest income and fair value movement of investments ( 1,170 ) 82 ( 259 ) - - ( 1,347 ) Cash flow hedges 359 - ( 554 ) - - ( 195 ) Contract asset / (Contract liabilities) ( 370 ) ( 257 ) - 5 ( 3 ) ( 625 ) Special Economic Zone re-investment reserve ( 7,237 ) ( 583 ) - - - ( 7,820 ) Others ( 433 ) 559 - ( 22 ) ( 10 ) 94 Deferred tax liabilities, net ₹ ( 13,053 ) ₹ ( 1,116 ) ₹ ( 924 ) ₹ ( 388 ) ₹ ( 169 ) ₹ ( 15,650 ) |
Additional capital disclosures
Additional capital disclosures (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Capital structure [abstract] | |
Summary of Capital Structure | The capital structure as at March 31, 2023 and 2024 was as follows: As at March 31, 2023 2024 % Change Equity attributable to the equity shareholders of the Company ₹ 781,164 ₹ 749,883 ( 4.0 )% As percentage of total capital 82 % 82 % Current loans, borrowings and bank overdrafts 88,821 79,166 Non-current loans and borrowings 61,272 62,300 Current and non-current lease liabilities 24,573 23,183 Total loans, borrowings and bank overdrafts and lease liabilities ₹ 174,666 ₹ 164,649 ( 5.7 )% As percentage of total capital 18 % 18 % Total capital ₹ 955,830 ₹ 914,532 ( 4.3 )% |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Schedule of changes in contract assets and contract liabilities balance | A. Contract assets and Contract liabilities The following table presents the changes in contract assets balance: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 20,647 ₹ 23,001 Amount reclassified to receivables pertaining to fixed price development contracts on completion of milestones ( 15,541 ) ( 18,139 ) Increase due to revenue recognized during the year 17,496 14,896 Translation adjustment 399 96 Balance at the end of the year ₹ 23,001 ₹ 19,854 The following table presents the changes in contract liabilities balance: As at March 31, 2023 2024 Balance at the beginning of the year ₹ 27,915 ₹ 22,682 Revenue recognized from opening balance of contract liabilities ( 21,696 ) ( 19,815 ) Increase due to invoicing during the year 16,063 14,761 Translation adjustment 400 25 Balance at the end of the year ₹ 22,682 ₹ 17,653 |
Schedule of Disaggregation of Revenues | Information on disaggregation of revenues for the year ended March 31, 2022 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ - ₹ 784,761 Sale of products - - - - - 6,173 6,173 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,609 ₹ 144,076 ₹ 93,039 ₹ 33,636 ₹ 273,360 Health 73,542 127 13,975 3,499 91,143 Consumer 89,824 2,589 31,718 15,047 139,178 Communications 9,387 1,207 12,952 15,035 38,581 Energy, Natural Resources and Utilities 712 36,413 38,421 19,492 95,038 Manufacturing 199 26,662 23,220 3,518 53,599 Technology 40,570 27,049 18,696 7,547 93,862 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 C. Revenue by nature of contract Fixed price and volume based ₹ 121,656 ₹ 131,975 ₹ 139,031 ₹ 61,893 ₹ 454,555 ₹ - ₹ 454,555 Time and materials 95,187 106,148 92,990 35,881 330,206 - 330,206 Products - - - - - 6,173 6,173 ₹ 216,843 ₹ 238,123 ₹ 232,021 ₹ 97,774 ₹ 784,761 ₹ 6,173 ₹ 790,934 Information on disaggregation of revenues for the year ended March 31, 2023 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ - ₹ 898,829 Sale of products - - - - - 6,047 6,047 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 B. Revenue by sector Banking, Financial Services and Insurance ₹ 4,611 ₹ 171,085 ₹ 102,741 ₹ 36,408 ₹ 314,845 Health 82,992 213 17,896 4,100 105,201 Consumer 109,398 4,087 38,010 18,270 169,765 Communications 13,059 1,399 13,510 14,405 42,373 Energy, Natural Resources and Utilities 739 39,949 39,767 22,644 103,099 Manufacturing 163 33,148 24,732 3,739 61,782 Technology 49,181 27,143 18,779 6,661 101,764 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 C. Revenue by nature of contract Fixed price and volume based ₹ 150,188 ₹ 141,397 ₹ 146,280 ₹ 63,339 ₹ 501,204 ₹ - ₹ 501,204 Time and materials 109,955 135,627 109,155 42,888 397,625 - 397,625 Products - - - - - 6,047 6,047 ₹ 260,143 ₹ 277,024 ₹ 255,435 ₹ 106,227 ₹ 898,829 ₹ 6,047 ₹ 904,876 Information on disaggregation of revenues for the year ended March 31, 2024 is as follows: IT Services IT Products Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ - ₹ 893,476 Sale of products - - - - - 4,127 4,127 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,462 ₹ 165,002 ₹ 95,475 ₹ 35,762 ₹ 298,701 Health 95,496 162 17,699 4,954 118,311 Consumer 102,439 5,351 43,035 16,387 167,212 Communications 11,979 1,287 11,396 12,673 37,335 Energy, Natural Resources and Utilities 1,317 42,032 41,165 21,039 105,553 Manufacturing 91 31,620 25,482 4,348 61,541 Technology 54,347 23,933 19,565 6,978 104,823 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 C. Revenue by nature of contract Fixed price and volume based ₹ 150,253 ₹ 140,676 ₹ 149,007 ₹ 62,011 ₹ 501,947 ₹ - ₹ 501,947 Time and materials 117,878 128,711 104,810 40,130 391,529 - 391,529 Products - - - - - 4,127 4,127 ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ 4,127 ₹ 897,603 |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Expenses by Nature | Year ended March 31, 2022 2023 2024 Employee compensation ₹ 450,075 ₹ 537,644 ₹ 549,301 Sub-contracting and technical fees 108,589 115,247 103,030 Cost of hardware and software 6,431 6,627 4,116 Travel 7,320 14,445 15,102 Facility expenses 11,990 13,492 14,556 Software license expense for internal use 13,279 18,717 18,378 Depreciation, amortization and impairment (1) 30,911 33,402 34,071 Communication 5,760 5,911 4,878 Legal and professional fees 15,026 13,288 9,559 Rates, taxes and insurance 4,548 5,905 5,993 Marketing and brand building 2,010 2,951 3,555 Lifetime expected credit loss/ (write-back) ( 797 ) ( 604 ) 640 (Gain)/loss on sale of property, plant and equipment, net (2) ( 313 ) ( 89 ) ( 2,072 ) Miscellaneous expenses (2)(3) 2,360 2,806 737 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 657,189 ₹ 769,742 ₹ 761,844 (1) Depreciation, amortization, and impairment includes an impairment charge on intangible assets amounting to ₹ Nil , ₹ 1,816 and ₹ 1,701 , for the years ended March 31, 2022, 2023 and 2024, respectively. (Refer to Note 6) (2) (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ ( 2,357 ). (3) Miscellaneous expenses are net of reversals of contingent consideration (Refer to Note 19). |
Finance expenses (Tables)
Finance expenses (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Finance Expense | Year ended March 31, 2022 2023 2024 Interest expense (1) ₹ 5,325 ₹ 10,077 ₹ 12,552 ₹ 5,325 ₹ 10,077 ₹ 12,552 (1) Refer to Note 5 for Interest expenses on lease liabilities. |
Finance and other income and _2
Finance and other income and Foreign exchange gains/(losses), net (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Finance and Other Income and Foreign Exchange Gains/(Losses), Net | Year ended March 31, 2022 2023 2024 Interest income ₹ 13,114 ₹ 16,889 ₹ 19,478 Dividend income from equity investments designated as FVTOCI 2 3 3 Exchange fluctuation gain on foreign currency borrowings 1,485 - - Net gain from investments classified as FVTPL 1,270 1,344 4,558 Net gain/(loss) from investments classified as FVTOCI 386 ( 51 ) ( 143 ) Finance and other income ₹ 16,257 ₹ 18,185 ₹ 23,896 Foreign exchange gains/(losses), net on financial instruments measured at FVTPL ₹ 808 ₹ ( 4,342 ) ₹ 650 Other foreign exchange gains/(losses), net 3,547 8,814 ( 310 ) Foreign exchange gains/(losses), net ₹ 4,355 ₹ 4,472 ₹ 340 |
Earnings per equity share (Tabl
Earnings per equity share (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Earnings Per Equity Share | Year ended March 31, 2022 2023 2024 Profit attributable to equity holders of the Company ₹ 122,191 ₹ 113,500 ₹ 110,452 Weighted average number of equity shares outstanding 5,466,705,840 5,477,466,573 5,288,285,555 Basic earnings per equity share ₹ 22.35 ₹ 20.73 ₹ 20.89 Year ended March 31, 2022 2023 2024 Profit attributable to equity holders of the Company ₹ 122,191 ₹ 113,500 ₹ 110,452 Weighted average number of equity shares outstanding 5,466,705,840 5,477,466,573 5,288,285,555 Effect of dilutive equivalent share options 15,377,598 11,524,602 17,426,759 Weighted average number of equity shares for diluted earnings per share 5,482,083,438 5,488,991,175 5,305,712,314 Diluted earnings per equity share ₹ 22.29 ₹ 20.68 ₹ 20.82 |
Employee stock incentive plans
Employee stock incentive plans (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of General Terms of Grants Under Restricted Stock Unit Option Plans | A summary of the general terms of grants under restricted stock unit option plans are as follows: Name of Plan Number of options reserved under the plan Range of exercise price Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) (1) 59,797,979 US$ 0.03 Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) (1) 59,797,979 ₹ 2 Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) (1) 49,831,651 ₹ 2 |
Summary of General Terms of Grants Under Restricted Stock Unit Option Plans | The activity in equity-settled restricted stock unit option plans is summarized below: Year ended March 31, 2022 2023 2024 Range of exercise price and weighted average exercise price Numbers of options Outstanding at the beginning of the year ₹ 2 15,831,948 12,242,672 8,452,491 US $ 0.03 10,822,476 17,511,902 16,457,558 Granted (1) ₹ 2 2,500,481 2,756,820 5,237,166 US $ 0.03 10,470,026 8,440,980 14,546,143 Adjustment of Performance based stock options on completion ₹ 2 608,435 ( 343,451 ) ( 655,831 ) US $ 0.03 570,076 ( 943,333 ) ( 1,807,750 ) Exercised ₹ 2 ( 4,712,311 ) ( 4,910,689 ) ( 4,151,654 ) US $ 0.03 ( 2,930,735 ) ( 5,730,830 ) ( 6,674,868 ) Forfeited and expired ₹ 2 ( 1,985,881 ) ( 1,292,861 ) ( 1,146,503 ) US $ 0.03 ( 1,419,941 ) ( 2,821,161 ) ( 3,669,857 ) Outstanding at the end of the year ₹ 2 12,242,672 8,452,491 7,735,669 US $ 0.03 17,511,902 16,457,558 18,851,226 Exercisable at the end of the year ₹ 2 2,478,568 2,806,799 1,905,001 US $ 0.03 1,072,118 1,329,682 2,038,346 |
Summary of Activities in Cash Settled Restricted Stock Unit Option Plans | The activity in cash-settled restricted stock unit option plans is summarized below: Year ended March 31, 2022 2023 2024 Number of options Outstanding at the beginning of the year 78,199 24,600 11,800 Exercised ( 46,133 ) ( 12,800 ) ( 4,800 ) Forfeited and expired ( 7,466 ) - - Outstanding at the end of the year 24,600 11,800 7,000 Exercisable at the end of the year 2,800 7,600 7,000 |
Summary of General Terms of Grants Under Restricted Stock Unit Option Plans | The following table summarizes information about outstanding restricted stock unit option plans: Year ended March 31, 2022 2023 2024 Range of exercise price and weighted average exercise price Number of options Weighted average remaining life (months) Number of options Weighted average remaining life (months) Number of options Weighted average remaining life (months) ₹ 2 12,242,672 13 8,452,491 14 7,735,669 18 US$ 0.03 17,511,902 20 16,457,558 21 18,851,226 20 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Statement [LineItem] | |
Summary of Employee Costs | a) Employee costs includes Year ended March 31, 2022 2023 2024 Salaries and bonus ₹ 429,837 ₹ 516,063 ₹ 524,484 Employee benefits plans 16,074 17,623 19,227 Share-based compensation (1) 4,164 3,958 5,590 ₹ 450,075 ₹ 537,644 ₹ 549,301 (1) Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2022 2023 2024 Cost of revenues ₹ 382,446 ₹ 456,759 ₹ 459,466 Selling and marketing expenses 41,339 46,840 51,224 General and administrative expenses 26,290 34,045 38,611 ₹ 450,075 ₹ 537,644 ₹ 549,301 |
Summary of Defined Benefit Plan Actuarial (Gains) Losses Recognized in Other Comprehensive Income | Defined benefit plan actuarial (gains)/losses recognized in other comprehensive income include: Year ended March 31, 2022 2023 2024 Return on plan assets excluding interest income - loss/(gain) ₹ ( 30 ) ₹ 626 ₹ ( 675 ) Actuarial loss/(gain) arising from financial assumptions ( 625 ) ( 2,106 ) 373 Actuarial loss/(gain) arising from demographic assumptions ( 667 ) 342 98 Actuarial loss/(gain) arising from experience adjustments 920 741 82 Changes in asset ceiling - 463 ( 71 ) (Gain)/loss on re-measurement of defined benefit plans, net ₹ ( 402 ) ₹ 66 ₹ ( 193 ) Deferred tax (asset)/liability thereon 3 ( 16 ) 111 (Gain)/loss on re-measurement of defined benefit plans, net of deferred taxes ₹ ( 399 ) ₹ 50 ₹ ( 82 ) |
Summary of Defined Benefit Plans | Amount recognized in the consolidated statement of income in respect of defined benefit plans is as follows: Year ended March 31, 2022 2023 2024 Current service cost ₹ 2,674 ₹ 2,682 ₹ 2,993 Net interest expense on net defined benefit liability/(asset) 64 45 45 Net charge to statement of income ₹ 2,738 ₹ 2,727 ₹ 3,038 Actual return on plan assets ₹ 715 ₹ 184 ₹ 1,828 |
Summary of Change in Present Value of Defined Obligation and Plan Assets | Change in present value of defined benefit obligation is summarized below: As at March 31, 2023 2024 Defined benefit obligation at the beginning of the year ₹ 18,893 ₹ 18,613 Addition through Business combination 94 13 Current service cost 2,682 2,993 Interest expense on obligation 855 1,178 Benefits paid ( 3,291 ) ( 1,927 ) Remeasurement loss/(gain) Actuarial loss/(gain) arising from financial assumptions ( 2,106 ) 373 Actuarial loss/(gain) arising from demographic assumptions 342 98 Actuarial loss/(gain) arising from experience adjustments 741 82 Translation adjustment 403 93 Defined benefit obligation at the end of the year ₹ 18,613 ₹ 21,516 Change in plan assets is summarized below: As at March 31, 2023 2024 Fair value of plan assets at the beginning of the year ₹ 17,701 ₹ 18,005 Expected return on plan assets 810 1,153 Employer contributions 306 140 Benefits paid ( 513 ) ( 20 ) Remeasurement (loss)/gain Return on plan assets excluding interest income - (loss)/gain ( 626 ) 675 Translation adjustment 327 69 Fair value of plan assets at the end of the year ₹ 18,005 ₹ 20,022 As at March 31, 2023 2024 Defined benefit obligation 18,613 21,516 Fair value of plan assets 18,005 20,022 Present value of unfunded obligation ₹ ( 608 ) ₹ ( 1,494 ) Effect of asset ceiling ( 490 ) ( 442 ) Recognized liability ₹ ( 1,098 ) ₹ ( 1,936 ) Change in effect of asset ceiling is summarized below: As at March 31, 2023 2024 Effect of asset ceiling at the beginning of the year ₹ - ₹ 490 Interest expense on effect of asset ceiling - 20 Changes in the effect of limiting the surplus to the asset ceiling 463 ( 71 ) Translation adjustment 27 3 Effect of asset ceiling at the end of the year ₹ 490 ₹ 442 |
Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans | The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows: As at March 31, 2023 2024 Discount rate 6.31 % 6.11 % Expected return on plan assets 6.31 % 6.11 % Expected rate of salary increase 6.30 % 6.29 % Duration of defined benefit obligations 7.53 years 7.42 years |
Summary of Expected Future Contribution and Estimated Future Benefit Payments | Expected future contribution and estimated future benefit payments from the fund are as follows: For the year ended March 31, 2023 Expected contribution to the fund during the year ending March 31, 2024 ₹ 1,857 Estimated benefit payments from the fund for the year ending March 31: 2024 ₹ 2,583 2025 2,126 2026 2,061 2027 2,068 2028 1,851 Thereafter 15,479 Total ₹ 26,168 For the year ended March 31, 2024 Expected contribution to the fund during the year ending March 31, 2025 ₹ 2,476 Estimated benefit payments from the fund for the year ending March 31: 2025 ₹ 3,079 2026 2,578 2027 2,621 2028 2,380 2029 2,225 Thereafter 17,176 Total ₹ 30,059 |
Summary of Fund and Plan Assets of Provident Fund | The details of fund and plan assets are given below: As at March 31, 2023 2024 Fair value of plan assets ₹ 90,938 ₹ 106,781 Present value of defined benefit obligation ( 90,938 ) ( 106,781 ) Net shortfall ₹ - ₹ - |
Provident fund [member] | |
Statement [LineItem] | |
Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans | The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows: As at March 31, 2023 2024 Discount rate for the term of the obligation 7.35 % 7.20 % Average remaining tenure of investment portfolio 6.43 years 6.61 years Guaranteed rate of return 8.15 % 8.25 % |
Related party relationship an_2
Related party relationship and transactions (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Subsidiaries, Associate and Joint Venture | List of subsidiaries, associate and joint venture as at Ma rch 31, 2024, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Attune Consulting India Private Limited India Capco Technologies Private Limited India Wipro Technology Product Services Private Limited (formerly known as Encore Theme Technologies Private Limited) India Wipro Chengdu Limited China Wipro Holdings (UK) Limited U.K . Wipro Financial Outsourcing Services Limited U.K . Wipro UK Limited U.K. Wipro IT Services S.R.L. Romania Wipro HR Services India Private Limited India Wipro IT Services Bangladesh Limited Bangladesh Wipro IT Services UK Societas U.K. Designit A/S Denmark Designit Denmark A/S Denmark Designit Germany GmbH Germany Designit Oslo A/S Norway Designit Spain Digital, S.L.U Spain Designit Sweden AB Sweden Designit T.L.V Ltd. Israel Wipro Bahrain Limited Co. W.L.L Bahrain Wipro Czech Republic IT Services s.r.o. Czech Republic Wipro 4C NV Belgium Wipro 4C Consulting France SAS France Wipro 4C Nederland B.V Netherlands Wipro CRM Services ApS (formerly known as Wipro 4C Danmark ApS) Denmark Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) (1) U.K . Grove Holdings 2 S.á.r.l Luxembourg Capco Solution Services GmbH Germany The Capital Markets Company Italy Srl Italy Capco Brasil Serviços E Consultoria Ltda (formerly known as Capco Brasil Serviços E Consultoria Em Informática Ltda) Brazil The Capital Markets Company BV (1) Belgium PT. WT Indonesia Indonesia Rainbow Software LLC Iraq Wipro Arabia Limited (2) Saudi Arabia Women's Business Park Technologies Limited (2) Saudi Arabia Wipro Doha LLC Qatar Wipro Gulf LLC Sultanate of Oman Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary Wipro Information Technology Netherlands BV. Netherlands Wipro do Brasil Technologia Ltda (1) Brazil Wipro Information Technology Kazakhstan LLP Kazakhstan Wipro Outsourcing Services (Ireland) Limited Ireland Wipro Portugal S.A. (1) Portugal Wipro Solutions Canada Limited Canada Wipro Technologies Limited Russia Wipro Technologies Peru SAC Peru Wipro Technologies W.T. Sociedad Anonima Costa Rica Wipro Technology Chile SPA Chile Wipro IT Service Ukraine, LLC Ukraine Wipro IT Services Poland SP Z.O.O Poland Wipro Regional Headquarter Saudi Arabia Wipro Technologies Australia Pty Ltd Australia Wipro Ampion Holdings Pty Ltd (1) Australia Wipro Technologies SA Argentina Wipro Technologies SA DE CV Mexico Wipro Technologies South Africa (Proprietary) Limited South Africa Wipro Technologies Nigeria Limited Nigeria Wipro Technologies SRL Romania Wipro (Thailand) Co. Limited Thailand Wipro Japan KK Japan Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Overseas IT Services Private Limited India Wipro Philippines, Inc. Philippines Wipro Shanghai Limited China Wipro Trademarks Holding Limited India Wipro Travel Services Limited India Wipro VLSI Design Services India Private Limited India Wipro, LLC USA Wipro Gallagher Solutions, LLC USA Wipro Insurance Solutions, LLC USA Wipro IT Services, LLC USA Aggne Global Inc. (3) USA Cardinal US Holdings, Inc. (1) USA Designit North America, Inc. USA Edgile, LLC USA HealthPlan Services, Inc . (1) USA Infocrossing, LLC USA International TechneGroup Incorporated (1) USA Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) (1) USA Rizing Intermediate Holdings, Inc. (1) USA Wipro Appirio, Inc. (1) USA Wipro Designit Services, Inc. (1) USA Wipro Telecom Consulting LLC (formerly known as Convergence Acceleration Solutions, LLC) USA Wipro VLSI Design Services, LLC USA Aggne Global IT Services Private Limited (3) India The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD' incorporated in South Africa and Wipro Foundation in India. (2) All the above direct subsidiaries are 100 % held by the Company except that the Company holds 66.67 % of the equity securities of Wipro Arabia Limited and 55 % of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Limited. (3) The Company has acquired 60 % of the equity securities of Aggne Global IT Services Private Limited and Wipro IT Services, LLC has acquired 60 % of the equity securities of Aggne Global Inc. (1) Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup Incorporated, Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.), Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda, Wipro Portugal S.A. and Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Cardinal US Holdings, Inc. USA ATOM Solutions LLC USA Capco Consulting Services LLC USA Capco RISC Consulting LLC USA The Capital Markets Company LLC USA HealthPlan Services, Inc . USA HealthPlan Services Insurance Agency, LLC USA International TechneGroup Incorporated USA International TechneGroup Ltd. U.K. ITI Proficiency Ltd Israel MechWorks S.R.L. Italy Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) USA LeanSwift AB Sweden Rizing Intermediate Holdings, Inc. USA Rizing Lanka (Private) Ltd Sri Lanka Attune Netherlands B.V. (4) Netherlands Rizing Solutions Canada Inc. Canada Rizing LLC USA Aasonn Philippines Inc. Philippines Rizing B.V. Netherlands Rizing Consulting Ireland Limited Ireland Rizing Consulting Pty Ltd. Australia Rizing Geospatial LLC USA Rizing GmbH Germany Rizing Limited U.K. Rizing Pte Ltd. (4) Singapore The Capital Markets Company BV Belgium CapAfric Consulting (Pty) Ltd South Africa Capco Belgium BV Belgium Capco Consultancy (Malaysia) Sdn. Bhd Malaysia Capco Consultancy (Thailand) Ltd Thailand Capco Consulting Singapore Pte. Ltd Singapore Capco Greece Single Member P.C Greece Capco Poland sp. z.o.o Poland The Capital Markets Company (UK) Ltd U.K. Capco (UK) 1, Limited U.K. The Capital Markets Company BV Netherlands The Capital Markets Company GmbH Germany Capco Austria GmbH Austria The Capital Markets Company Limited Hong Kong Capco Consulting Services (Guangzhou) Company Limited China The Capital Markets Company Limited Canada The Capital Markets Company S.á.r.l Switzerland Andrion AG Switzerland The Capital Markets Company S.A.S France The Capital Markets Company s.r.o Slovakia Wipro Ampion Holdings Pty Ltd Australia Wipro Revolution IT Pty Ltd Australia Crowdsprint Pty Ltd Australia Wipro Shelde Australia Pty Ltd Australia Wipro Appirio, Inc. USA Wipro Appirio (Ireland) Limited Ireland Wipro Appirio UK Limited U.K. Topcoder, LLC. USA Wipro Designit Services, Inc. USA Wipro Designit Services Limited Ireland Wipro do Brasil Technologia Ltda Brazil Wipro do Brasil Servicos Ltda Brazil Wipro Do Brasil Sistemas De Informatica Ltda Brazil Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro Business Solutions GmbH (4) Germany Wipro IT Services Austria GmbH Austria Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) U.K . CloudSocius DMCC United Arab Emirates (4) Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Incorporation Attune Netherlands B.V. Netherlands Attune Australia Pty Ltd Australia Rizing Consulting USA, Inc . USA Rizing Germany GmbH Germany Attune Italia S.R.L Italy Rizing Management LLC USA Attune UK Ltd. U.K. Rizing Pte Ltd. Singapore Rizing New Zealand Ltd. New Zealand Rizing Philippines Inc. Philippines Rizing SDN BHD Malaysia Rizing Solutions Pty Ltd Australia Synchrony Global SDN BHD Malaysia Wipro Business Solutions GmbH Germany Wipro Technology Solutions S.R.L Romania As at March 31, 2024, the Company held 43.7 % interest in Drivestream Inc. and 27 % interest in SDVerse LLC, accounted for using the equity method. The other related parties are: Name of the related parties: Nature Azim Premji Foundation Entity controlled by Promoters Azim Premji Foundation for Development Entity controlled by Promoters Hasham Traders Entity controlled by Promoters Prazim Traders Entity controlled by Promoters Zash Traders Entity controlled by Promoters Hasham Investment and Trading Co. Pvt. Ltd Entity controlled by Promoters Azim Premji Philanthropic Initiatives Pvt. Ltd Entity controlled by Promoters Azim Premji Trust Entity controlled by Promoters Azim Premji Trustee Company Pvt Ltd Entity controlled by Promoters Azim Premji Safe Deposit Pvt Ltd Entity controlled by Promoters Hasham Premji Pvt Ltd Entity controlled by Promoters PI Opportunities Fund I Entity controlled by Promoters PI Opportunities Fund II Entity controlled by Promoters Apex Trust Entity controlled by Promoters Napean Trading and Investment Company (Singapore) Pte Ltd Entity controlled by Promoters Pioneer Private Trust Entity controlled by Promoters Pioneer Investment Fund Entity controlled by Promoters Azim Premji Trust Services Pvt Ltd Entity controlled by Promoters Pl International Holdings LLC Entity controlled by Promoters Tarish Investment & Trading Co. Pvt Ltd Entity controlled by Promoters Azim Premji Custodial & Management Service Private Limited Entity controlled by Promoters Azim Premji Education Trust Entity controlled by Promoters Prazim Trading & Investment Company Private Limited Entity controlled by Promoters Nina Investment & Estates Pvt. Ltd. Entity controlled by Promoters Varsha Investment & Estates Pvt. Ltd. Entity controlled by Promoters Bharti Investment & Estates Pvt. Ltd. Entity controlled by Promoters Napean Opportunities LLP Entity controlled by Promoters Best Value Chem Private Limited Entity controlled by Promoters PI Investment Advisory LLP Entity controlled by Promoters WEPL Family Trust Entity controlled by Promoters Hygienic Research Institute Private Limited Entity controlled by Promoters S.B. Packagings Private Limited Entity controlled by Promoters Wipro Enterprises (P) Limited and its subsidiaries Entity controlled by Promoters Financial Software and Systems Private Limited Entity with significant influence of Promoters Wipro GE Healthcare Private Limited Joint Venture between Wipro Enterprises (P) Limited and General Electric Post-employment benefit plans Wipro Information Technology Limited Provident Fund Trust Post-employment benefit plans Wipro Systems Provident Fund Trust Post-employment benefit plans Wipro Limited Management Employees Pension Fund Post-employment benefit plans Wipro Limited BPO Division Employees Superannuation Trust Post-employment benefit plans Wipro Infotech Limited Management Employees Pension Fund Post-employment benefit plans Wipro Systems Limited Management Employees Pension Fund Post-employment benefit plans Wipro Infotech Limited Employees Gratuity Fund Post-employment benefit plans Wipro Limited BPO Division Employees Gratuity Trust Post-employment benefit plans Key management personnel Azim H. Premji Non-Executive, Non-Independent Director (designated as "Founder Chairman") (1) Rishad A. Premji Chairman of the Board (designated as "Executive Chairman") Thierry Delaporte Chief Executive Officer and Managing Director (2) Srinivas Pallia Chief Executive Officer and Managing Director (3) Jatin Pravinchandra Dalal Chief Financial Officer (4) Aparna C. Iyer Chief Financial Officer (5) Päivi Rekonen Independent Director Ireena Vittal Independent Director (6) N. S. Kannan Independent Director (7) Dr. Patrick J. Ennis Independent Director Patrick Dupuis Independent Director Deepak M. Satwalekar Independent Director Tulsi Naidu Independent Director (1) Mr. Azim H. Premji is the ultimate controlling party. (2) Mr. Thierry Delaporte resigned as the Chief Executive Officer and Managing Director of the Company with effect from April 6, 2024. (3) At its meeting held on April 6, 2024, the Board of Directors approved the appointment of Mr. Srinivas Pallia as the Chief Executive Officer and Managing Director of the Company with effect from April 7, 2024 for a term of five years, subject to approval of the Company's shareholders and the Central Government, as may be applicable. (4) Mr. Jatin Pravinchandra Dalal resigned as the Chief Financial Officer of the Company with effect from September 21, 2023. (5) Ms. Aparna C. Iyer was appointed as Chief Financial Officer with effect from September 22, 2023. (6) Ms. Ireena Vittal retired as Independent Director with effect from September 30, 2023. (7) Mr. N. S. Kannan was appointed as Independent Director with effect from October 1, 2023 for a term of five years. |
Summary of List of Controlled Trusts | The list of controlled trusts are: Name of the entity Country of incorporation Wipro Equity Reward Trust India Wipro Foundation India |
Summary of Related Party Transactions | The Company has the following related party transactions: Entities controlled by/with significant influence of Directors Key Management Personnel Associate March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2022 March 31, 2023 March 31, 2024 Transactions / balances Sale of goods and services ₹ 182 ₹ 451 ₹ 559 ₹ - ₹ - ₹ - ₹ - ₹ - ₹ - Purchase of services - - - - - - - - 107 Assets purchased 158 129 330 - - - - - - Dividend (1) 3,760 22,555 3,577 244 1,458 232 - - - Buyback of shares (1) - - 81,093 - - 5,028 - - - Rental income 3 26 26 - - - - - - Rent paid 2 1 ^ 8 7 7 - - - Others 49 27 14 - - - - - - Key management personnel (2)(3) Remuneration and short-term benefits (4) ₹ - ₹ - ₹ - ₹ 805 ₹ 811 ₹ 1,321 ₹ - ₹ - ₹ - Other benefits (5) - - - 376 301 585 - - - Balance as at the year end Receivables ₹ 198 ₹ 313 ₹ 478 ₹ - ₹ - ₹ - ₹ - ₹ - ₹ - Payables - - - 293 167 638 - - - ^ Value is less than 1 (1) Includes close members of Key management personnel. (2) Post-employment benefits and other long-term benefits including compensated absences is not disclosed, as this is determined for the Company as a whole based on actuarial valuation. (3) Remuneration, short-term benefits and other benefits for Mr. Thierry Delaporte includes cash compensation in amount of ₹ 415 , cost of accelerated vesting of ₹ 310 towards unvested stock options and ₹ 196 towards social security contributions. (4) Remuneration and short-term benefits includes sitting fees and commission paid to Non-Executive, Non-Independent Director, and Independent Directors. (5) Other benefits include ₹ 368 , ₹ 292 , and ₹ 575 as of March 31, 2022, 2023 and 2024, respectively towards amortization of RSUs granted to Key management personnel which vest over a period of time. This also includes RSU’s that will vest based on performance parameters of the Company. |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Mar. 31, 2024 | |
Text Blocks Abstract | |
Summary of Information on Reportable Segments | Information on reportable segments for the year ended March 31, 2022 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 217,874 ₹ 239,404 ₹ 233,443 ₹ 98,398 ₹ 789,119 ₹ 6,173 ₹ ( 3 ) ₹ 795,289 Other operating income/(loss), net - - - - 2,186 - - 2,186 Segment result 44,027 49,754 37,872 12,612 144,265 115 ( 80 ) 144,300 Unallocated ( 6,200 ) - - ( 6,200 ) Segment result total ₹ 140,251 ₹ 115 ₹ ( 80 ) ₹ 140,286 Finance expense ( 5,325 ) Finance and other income 16,257 Share of net profit/(loss) of associate accounted for using the equity method 57 Profit before tax ₹ 151,275 Income tax expense ( 28,946 ) Profit for the year ₹ 122,329 Depreciation, amortization and impairment ₹ 30,911 Information on reportable segments for the year ended March 31, 2023 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 261,270 ₹ 278,374 ₹ 256,845 ₹ 106,812 ₹ 903,301 ₹ 6,047 ₹ - ₹ 909,348 Segment result 51,555 59,690 37,667 10,681 159,593 ( 176 ) ( 1,442 ) 157,975 Unallocated ( 18,369 ) - - ( 18,369 ) Segment result total ₹ 141,224 ₹ ( 176 ) ₹ ( 1,442 ) ₹ 139,606 Finance expense ( 10,077 ) Finance and other income 18,185 Share of net profit/(loss) of associate accounted for using the equity method ( 57 ) Profit before tax ₹ 147,657 Income tax expense ( 33,992 ) Profit for the year ₹ 113,665 Depreciation, amortization and impairment ₹ 33,402 Information on reportable segments for the year ended March 31, 2024 is as follows: IT Services IT Products Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 268,230 ₹ 269,482 ₹ 253,927 ₹ 102,177 ₹ 893,816 ₹ 4,127 ₹ - ₹ 897,943 Segment result 59,364 59,163 33,354 12,619 164,500 ( 371 ) ( 7,726 ) 156,403 Unallocated ( 20,304 ) - - ( 20,304 ) Segment result total ₹ 144,196 ₹ ( 371 ) ₹ ( 7,726 ) ₹ 136,099 Finance expense ( 12,552 ) Finance and other income 23,896 Share of net profit/(loss) of associate and joint venture accounted for using the equity method ( 233 ) Profit before tax ₹ 147,210 Income tax expense ( 36,089 ) Profit for the year ₹ 111,121 Depreciation, amortization and impairment ₹ 34,071 |
Disclosure of Contribution of Revenue More than 10% from Geographical Areas | Revenues from United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below: Year ended March 31, 2022 2023 2024 United States of America ₹ 427,021 ₹ 506,690 ₹ 512,740 United Kingdom 101,437 113,023 108,613 ₹ 528,458 ₹ 619,713 ₹ 621,353 |
Basis of Preparation of Conso_2
Basis of Preparation of Consolidated Financial Statements - Additional Information (Detail) | Mar. 31, 2024 |
Foreign exchange rates [abstract] | |
Convenience translation Rate | 83.34 |
Material Accounting Policy In_4
Material Accounting Policy Information - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) Vote ₨ / shares shares | Mar. 31, 2024 USD ($) shares | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of classes of share capital [line items] | ||||
Authorized share capital | ₨ | ₨ 25,274 | |||
Number of vote | Vote | 1 | |||
Undistributed earnings after taxes not freely available for distribution - Capital Reserve | ₨ 42,129 | $ 506 | ₨ 46,803 | |
Capital redemption reserve | ₨ | 1,661 | 1,122 | ₨ 1,122 | |
Special economic zone re-investment reserve [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Undistributed earnings after taxes not freely available for distribution - Capital Reserve | ₨ | ₨ 1,139 | ₨ 1,139 | ₨ 1,139 | |
Bottom of range [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Percentage of voting power of another entity | 20% | |||
Top of range [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Percentage of voting power of another entity | 50% | |||
Ordinary Shares [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Authorized shares | shares | 12,504,500,000 | 12,504,500,000 | ||
Par value per share | ₨ / shares | ₨ 2 | |||
Preference shares [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Authorized shares | shares | 25,000,000 | 25,000,000 | ||
Par value per share | ₨ / shares | ₨ 10 | |||
10% Optionally Convertible Cumulative Preference Shares [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Authorized shares | shares | 150,000 | 150,000 | ||
Par value per share | ₨ / shares | ₨ 100 |
Material accounting policy in_5
Material accounting policy information - Reconciliation of Number of Treasury Shares Held by Controlled Trust (Detail) - Treasury shares [member] - shares | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of classes of share capital [line items] | |||
Opening number of equity shares | 9,895,836 | 14,689,729 | 19,401,215 |
Less: Transferred to eligible employees on exercise of options | (3,943,096) | (4,793,893) | (4,711,486) |
Closing number of equity shares | 5,952,740 | 9,895,836 | 14,689,729 |
Material Accounting Policy In_6
Material Accounting Policy Information - Summary of Estimated Useful Lives of Assets (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Buildings [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 28 years |
Buildings [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 40 years |
Plant and equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 5 years |
Plant and equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 21 years |
Computer equipment and software [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 2 years |
Computer equipment and software [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 7 years |
Furniture, fixtures and equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 3 years |
Furniture, fixtures and equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 10 years |
Vehicles [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 4 years |
Vehicles [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of assets | 5 years |
Material Accounting Policy In_7
Material Accounting Policy Information - Summary of Estimated Useful Lives of Amortizable Intangible Assets (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Customer related intangibles [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Estimated useful lives of the amortizable intangible assets | 1 year |
Customer related intangibles [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Estimated useful lives of the amortizable intangible assets | 10 years |
Marketing related intangibles [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Estimated useful lives of the amortizable intangible assets | 2 years 6 months |
Marketing related intangibles [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Estimated useful lives of the amortizable intangible assets | 10 years |
Property, Plant and Equipment -
Property, Plant and Equipment - Disclosure of Summary about Property, Plant and Equipment (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | ₨ 88,659 | |||||
Capital work-in-progress | 7,480 | ₨ 6,323 | ||||
Ending balance | 81,608 | $ 979 | 88,659 | |||
Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 196,357 | 191,932 | ||||
Additions | 9,476 | 24,388 | ||||
Additions through Business combination (Refer to Note 7) | 374 | 373 | ||||
Disposals | (26,855) | (22,421) | ||||
Translation adjustment | 341 | 2,085 | ||||
Ending balance | 179,693 | 196,357 | ||||
Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 114,021 | 117,322 | ||||
Depreciation and impairment | 16,184 | 16,926 | ||||
Disposals | (24,915) | (21,834) | ||||
Translation adjustment | 275 | 1,607 | ||||
Ending balance | 105,565 | 114,021 | ||||
Land [member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 4,860 | 4,813 | ||||
Additions | 0 | 40 | ||||
Additions through Business combination (Refer to Note 7) | 0 | 0 | ||||
Disposals | (486) | (3) | ||||
Translation adjustment | 1 | 10 | ||||
Ending balance | 4,375 | 4,860 | ||||
Land [member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 0 | 0 | ||||
Depreciation and impairment | 0 | 0 | ||||
Disposals | 0 | 0 | ||||
Translation adjustment | 0 | 0 | ||||
Ending balance | 0 | 0 | ||||
Buildings [member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 47,700 | 40,686 | ||||
Additions | 428 | 7,269 | ||||
Additions through Business combination (Refer to Note 7) | 0 | 7 | ||||
Disposals | (1,174) | (435) | ||||
Translation adjustment | 70 | 173 | ||||
Ending balance | 47,024 | 47,700 | ||||
Buildings [member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 10,927 | 10,003 | ||||
Depreciation and impairment | 1,490 | 1,217 | ||||
Disposals | (683) | (395) | ||||
Translation adjustment | 41 | 102 | ||||
Ending balance | 11,775 | 10,927 | ||||
Plant and equipment [member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | [1] | 117,732 | 123,471 | |||
Additions | [1] | 6,975 | 12,191 | |||
Additions through Business combination (Refer to Note 7) | [1] | 373 | 357 | |||
Disposals | [1] | (22,815) | (20,016) | |||
Translation adjustment | [1] | 248 | 1,729 | |||
Ending balance | [1] | 102,513 | 117,732 | |||
Plant and equipment [member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | [1] | 85,501 | 90,465 | |||
Depreciation and impairment | [1] | 11,856 | 13,305 | |||
Disposals | [1] | (22,019) | (19,655) | |||
Translation adjustment | [1] | 211 | 1,386 | |||
Ending balance | [1] | 75,549 | 85,501 | |||
Furniture and fixtures [member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 18,086 | 15,386 | ||||
Additions | 1,716 | 3,917 | ||||
Additions through Business combination (Refer to Note 7) | 0 | 6 | ||||
Disposals | (1,586) | (1,325) | ||||
Translation adjustment | 17 | 102 | ||||
Ending balance | 18,233 | 18,086 | ||||
Furniture and fixtures [member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 11,520 | 10,814 | ||||
Depreciation and impairment | 2,193 | 1,794 | ||||
Disposals | (1,444) | (1,158) | ||||
Translation adjustment | 18 | 70 | ||||
Ending balance | 12,287 | 11,520 | ||||
Office Equipment [Member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 7,818 | 7,259 | ||||
Additions | 354 | 964 | ||||
Additions through Business combination (Refer to Note 7) | 1 | [2] | ||||
Disposals | (663) | (474) | ||||
Translation adjustment | 4 | 69 | ||||
Ending balance | 7,514 | 7,818 | ||||
Office Equipment [Member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 5,928 | 5,743 | ||||
Depreciation and impairment | 638 | 600 | ||||
Disposals | (639) | (463) | ||||
Translation adjustment | 5 | 48 | ||||
Ending balance | 5,932 | 5,928 | ||||
Vehicles [member] | Gross carrying value [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 161 | 317 | ||||
Additions | 3 | 7 | ||||
Additions through Business combination (Refer to Note 7) | 0 | 3 | ||||
Disposals | (131) | (168) | ||||
Translation adjustment | 1 | 2 | ||||
Ending balance | 34 | 161 | ||||
Vehicles [member] | Accumulated depreciation and amortisation [member] | ||||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||||
Beginning balance | 145 | 297 | ||||
Depreciation and impairment | 7 | 10 | ||||
Disposals | (130) | (163) | ||||
Translation adjustment | [2] | 1 | ||||
Ending balance | ₨ 22 | ₨ 145 | ||||
[1] Including net carrying value of computer equipment and software amounting to ₹ 22,425 and ₹ 17,553 , as at March 31, 2023 and 2024, respectively. ^ Value is less than 1 |
Property, Plant and Equipment_2
Property, Plant and Equipment - Disclosure of Summary about Property, Plant and Equipment (Parenthetical) (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net carrying value | ₨ 81,608 | $ 979 | ₨ 88,659 |
Computer equipment and software [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net carrying value | ₨ 17,553 | ₨ 22,425 |
Right-of-Use asset - Summary of
Right-of-Use asset - Summary of Right of Use Asset (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | ₨ 18,702 | |||
Ending balance | 17,955 | $ 215 | ₨ 18,702 | |
Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 32,669 | 30,686 | ||
Additions | 7,085 | 7,360 | ||
Additions through Business combinations (Refer to Note 7) | 33 | 201 | ||
Disposals | (7,110) | (6,562) | ||
Translation adjustment | 210 | 984 | ||
Ending balance | 32,887 | 32,669 | ||
Gross carrying amount [member] | Land [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 1,278 | 1,278 | ||
Additions | 65 | 0 | ||
Additions through Business combinations (Refer to Note 7) | 0 | 0 | ||
Disposals | 0 | 0 | ||
Translation adjustment | 0 | 0 | ||
Ending balance | 1,343 | 1,278 | ||
Gross carrying amount [member] | Buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 27,946 | 25,993 | ||
Additions | 6,505 | 6,015 | ||
Additions through Business combinations (Refer to Note 7) | 33 | 201 | ||
Disposals | (6,203) | (5,085) | ||
Translation adjustment | 172 | 822 | ||
Ending balance | 28,453 | 27,946 | ||
Gross carrying amount [member] | Plant and equipment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | [1] | 2,580 | 2,511 | |
Additions | [1] | 264 | 1,109 | |
Additions through Business combinations (Refer to Note 7) | [1] | 0 | 0 | |
Disposals | [1] | (636) | (1,160) | |
Translation adjustment | [1] | 34 | 120 | |
Ending balance | [1] | 2,242 | 2,580 | |
Gross carrying amount [member] | Vehicles [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 865 | 904 | ||
Additions | 251 | 236 | ||
Additions through Business combinations (Refer to Note 7) | 0 | 0 | ||
Disposals | (271) | (317) | ||
Translation adjustment | 4 | 42 | ||
Ending balance | 849 | 865 | ||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 13,967 | 11,816 | ||
Depreciation | 6,131 | 6,522 | ||
Disposals | (5,244) | (4,830) | ||
Translation adjustment | 78 | 459 | ||
Ending balance | 14,932 | 13,967 | ||
Accumulated depreciation and amortisation [member] | Land [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 77 | 58 | ||
Depreciation | 21 | 19 | ||
Disposals | 0 | 0 | ||
Translation adjustment | 0 | 0 | ||
Ending balance | 98 | 77 | ||
Accumulated depreciation and amortisation [member] | Buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 12,127 | 9,676 | ||
Depreciation | 5,485 | 5,651 | ||
Disposals | (4,439) | (3,564) | ||
Translation adjustment | 64 | 364 | ||
Ending balance | 13,237 | 12,127 | ||
Accumulated depreciation and amortisation [member] | Plant and equipment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | [1] | 1,192 | 1,512 | |
Depreciation | [1] | 444 | 614 | |
Disposals | [1] | (561) | (1,003) | |
Translation adjustment | [1] | 11 | 69 | |
Ending balance | [1] | 1,086 | 1,192 | |
Accumulated depreciation and amortisation [member] | Vehicles [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 571 | 570 | ||
Depreciation | 181 | 238 | ||
Disposals | (244) | (263) | ||
Translation adjustment | 3 | 26 | ||
Ending balance | ₨ 511 | ₨ 571 | ||
[1] Including net carrying value of computer equipme nt amounting to ₹ 4 and ₹ 2 , as at March 31, 2023 and 2024, respectively. |
Right-of-Use asset - Summary _2
Right-of-Use asset - Summary of Right of Use Asset (Parenthetical) (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right-of-Use assets | ₨ 17,955 | $ 215 | ₨ 18,702 |
Computer equipment [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right-of-Use assets | ₨ 2 | ₨ 4 |
Right-of-Use asset - Summary _3
Right-of-Use asset - Summary of Lease Expenses (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of quantitative information about right-of-use assets [abstract] | |||
Interest expenses on lease liabilities | ₨ 1,334 | ₨ 1,176 | ₨ 894 |
Rent expense recognized under facility expenses pertaining to: Leases of low-value assets | 245 | 261 | 150 |
Rent expense recognized under facility expenses pertaining to: Leases with less than twelve months of lease term | 3,257 | 2,732 | 2,392 |
Cash outflow for leases, Total | ₨ 4,836 | ₨ 4,169 | ₨ 3,436 |
Right-of-Use asset - Additional
Right-of-Use asset - Additional information (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2024 INR (₨) | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Lease commitments which have not yet commenced | ₨ 6,999 |
Bottom of range [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Lessee operating lease term of contract1 | 5 years |
Top of range [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Lessee operating lease term of contract1 | 10 years |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets - Summary of Movement in Goodwill Balance (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | ||
Reconciliation of changes in goodwill [abstract] | ||||
Balance at the beginning of the year | ₨ 307,970 | ₨ 246,989 | ||
Translation adjustment | 4,206 | 20,335 | ||
Acquisition through Business combinations* (Refer to Note 7) | [1] | 4,314 | 40,687 | |
Disposals | (488) | (41) | ||
Balance at the end of the year | ₨ 316,002 | $ 3,792 | ₨ 307,970 | |
[1] Acquisition through business combinations for the years ended March 31, 2023 and 2024 is after considering the impact of ₹ 57 and ₹ ( 503 ) towards measurement period changes in the purchase price allocation of acquisitions made during the year ended March 31, 2022 and 2023, respectively. |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets - Summary of Movement in Goodwill Balance (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Reconciliation of changes in goodwill [abstract] | ||
Change in purchase price allocation | ₨ (503) | ₨ (57) |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets - Additional Information (Detail) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 INR (₨) Segments | Mar. 31, 2023 INR (₨) | |
Disclosure of detailed information about intangible assets [line items] | ||
Number of operating segments | Segments | 2 | |
Impairment of goodwill | ₨ | ₨ 0 | ₨ 0 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets - Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) |
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 316,002 | $ 3,792 | ₨ 307,970 | ₨ 246,989 |
Americas 1 [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 104,310 | 103,583 | ||
Americas 2 [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 104,134 | 98,081 | ||
Europe [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 79,596 | 78,459 | ||
Asia Pacific Middle East Africa [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 27,962 | ₨ 27,847 |
Goodwill and Intangible Asset_6
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | ||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | ₨ 43,045 | ||||||
Amortization and impairment | 11,756 | ₨ 9,954 | ₨ 8,210 | ||||
Ending balance | 32,748 | $ 393 | 43,045 | ||||
Gross carrying value [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 61,737 | 54,794 | |||||
Acquisition through Business combinations (Refer to Note 7) | 946 | 6,084 | |||||
Deductions/adjustments | (7,811) | (3,417) | [1] | ||||
Translation adjustment | 772 | 4,276 | |||||
Ending balance | 55,644 | 61,737 | 54,794 | ||||
Accumulated amortization and impairment [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 18,692 | 11,239 | |||||
Amortization and impairment | [3] | 11,756 | [2] | 9,954 | |||
Deductions/adjustments | (7,811) | (3,381) | |||||
Translation adjustment | 259 | 880 | |||||
Ending balance | 22,896 | 18,692 | 11,239 | ||||
Customer related intangibles [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 34,396 | ||||||
Deductions/adjustments | 36 | ||||||
Ending balance | 25,391 | 34,396 | |||||
Customer related intangibles [member] | Gross carrying value [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 49,813 | 43,366 | |||||
Acquisition through Business combinations (Refer to Note 7) | 556 | 5,602 | |||||
Deductions/adjustments | (7,306) | (2,555) | [1] | ||||
Translation adjustment | 609 | 3,400 | |||||
Ending balance | 43,672 | 49,813 | 43,366 | ||||
Customer related intangibles [member] | Accumulated amortization and impairment [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 15,417 | 9,483 | |||||
Amortization and impairment | [3] | 9,961 | [2] | 7,718 | |||
Deductions/adjustments | (7,306) | (2,519) | |||||
Translation adjustment | 209 | 735 | |||||
Ending balance | 18,281 | 15,417 | 9,483 | ||||
Marketing related intangibles [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 8,649 | ||||||
Ending balance | 7,357 | 8,649 | |||||
Marketing related intangibles [member] | Gross carrying value [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 11,924 | 11,428 | |||||
Acquisition through Business combinations (Refer to Note 7) | 390 | 482 | |||||
Deductions/adjustments | (505) | (862) | [1] | ||||
Translation adjustment | 163 | 876 | |||||
Ending balance | 11,972 | 11,924 | 11,428 | ||||
Marketing related intangibles [member] | Accumulated amortization and impairment [member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Beginning balance | 3,275 | 1,756 | |||||
Amortization and impairment | [3] | 1,795 | [2] | 2,236 | |||
Deductions/adjustments | (505) | (862) | |||||
Translation adjustment | 50 | 145 | |||||
Ending balance | ₨ 4,615 | ₨ 3,275 | ₨ 1,756 | ||||
[1] Includes ₹ 36 towards measurement period adjustment in customer-related intangible in an acquisition completed during the year ended March 31, 2022. Due to change in estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ 2,807 for the year ended March 31, 2024, as part of amortization and impairment. During the year ended March 31, 2023 and 2024, a decline in the revenue and earnings estimates led to a revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge ₹ 1,816 and ₹ 1,701 for the year ended March 31, 2023 and 2024, respectively, as part of amortization and impairment. |
Goodwill and Intangible Asset_7
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Parenthetical) (Detail) - Intangible assets [member] - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of detailed information about intangible assets [line items] | ||
Impairment related to intangible recognized on acquisition | ₨ 1,701 | ₨ 1,816 |
Measurement period adjustment | ₨ 36 | |
Change in estimate of useful life of customer-related intangibles in an earlier business combination | ₨ 2,807 |
Goodwill and Intangible Asset_8
Goodwill and Intangible Assets - Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2024 INR (₨) yr | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 32,748 |
Capco - customer-related intangible [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 6.08 |
Net carrying value | ₨ | ₨ 18,380 |
Capco - marketing-related intangible [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 7.08 |
Net carrying value | ₨ | ₨ 6,415 |
Rizing [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 2,267 |
Edgile, LLC [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 3.75 |
Net carrying value | ₨ | ₨ 731 |
Ampion Holdings Pty Ltd [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 504 |
Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 1,013 |
Aggne [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 914 |
Rational Interaction, Inc. [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 2.89 |
Net carrying value | ₨ | ₨ 909 |
Eximius Design, LLC [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 3.4 |
Net carrying value | ₨ | ₨ 791 |
Convergence Acceleration Solutions, LLC [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 4.03 |
Net carrying value | ₨ | ₨ 766 |
Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 58 |
Bottom of range [member] | Rizing [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 0.64 |
Bottom of range [member] | Ampion Holdings Pty Ltd [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 0.35 |
Bottom of range [member] | Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 2.5 |
Bottom of range [member] | Aggne [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 2.87 |
Bottom of range [member] | Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 0.24 |
Top of range [member] | Rizing [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 3.64 |
Top of range [member] | Ampion Holdings Pty Ltd [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 3.35 |
Top of range [member] | Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 5.5 |
Top of range [member] | Aggne [Member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 3.87 |
Top of range [member] | Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated remaining amortization period | 0.5 |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | Mar. 31, 2024 USD ($) | |
Disclosure of detailed information about business combination [line items] | ||||
Goodwill | ₨ 316,002 | ₨ 307,970 | ₨ 246,989 | $ 3,792 |
Business combination acquistion rate | 60% | 100% | 100% | |
Material acquisitions [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Goodwill | ₨ 4,817 | ₨ 40,127 | ₨ 102,510 | |
Capco And Its Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 109,530 | |||
Cash and cash equivalents acquired | 4,278 | |||
Goodwill | 81,890 | |||
Ampion Holdings Pty Ltd and Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 9,102 | |||
Cash and cash equivalents acquired | 855 | |||
Goodwill | 6,322 | |||
Edgile, LLC [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 17,176 | |||
Cash and cash equivalents acquired | 907 | |||
Goodwill | 12,993 | |||
Undiscounted Fair Value Of Contingent Consideration | 1,531 | |||
Discounted Fair Value Of Contingent Consideration | 1,462 | |||
Edgile, LLC [Member] | Maximum [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Contingent consideration payable | 2,230 | |||
Edgile, LLC [Member] | Minimum [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Contingent consideration payable | ₨ 0 | |||
Edgile, LLC [Member] | Discounted cash flow [member] | Two Years Ending December 31 2023 [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Fair value of earn-out liability, percent | 2.90% | |||
LeanSwift Solutions Inc. and Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | ₨ 1,625 | |||
Cash and cash equivalents acquired | 145 | |||
Goodwill | ₨ 1,305 | |||
Convergence Acceleration Solutions, LLC [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 5,587 | |||
Cash and cash equivalents acquired | 127 | |||
Goodwill | 3,347 | |||
Undiscounted Fair Value Of Contingent Consideration | 1,804 | |||
Discounted Fair Value Of Contingent Consideration | 1,662 | |||
Convergence Acceleration Solutions, LLC [Member] | Major business combination [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 5,587 | |||
Convergence Acceleration Solutions, LLC [Member] | Maximum [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Contingent consideration payable | 2,277 | |||
Convergence Acceleration Solutions, LLC [Member] | Minimum [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Contingent consideration payable | ₨ 0 | |||
Convergence Acceleration Solutions, LLC [Member] | Discounted cash flow [member] | Three Years Ending March312023 [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Fair value of earn-out liability, percent | 4.58% | |||
Rizing Intermediate Holdings Inc and its subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 43,830 | |||
Cash and cash equivalents acquired | 2,114 | |||
Goodwill | 36,780 | |||
Rizing Intermediate Holdings Inc and its subsidiaries [Member] | Major business combination [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Consideration in cash | ₨ 43,830 | |||
Aggne [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | 5,525 | |||
Cash and cash equivalents acquired | 153 | |||
Goodwill | ₨ 4,817 | |||
Discount rate of financial liability | 5.87% | |||
Aggne [Member] | Major business combination [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Total consideration | ₨ 5,525 | |||
Undiscounted fair value [Member] | Aggne [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Fair value of financial liability | 5,176 | |||
Discounted fair value [Member] | Aggne [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Fair value of financial liability | ₨ 4,238 |
Business Combinations - Schedul
Business Combinations - Schedule of the purchase price allocation (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) |
Disclosure of detailed information about business combination [line items] | ||||
Goodwill | ₨ 316,002 | $ 3,792 | ₨ 307,970 | ₨ 246,989 |
Capco And Its Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 1,138 | |||
Fair value of property, plant and equipment | 647 | |||
Fair value of right-of-use assets | 2,882 | |||
Fair value of customer-related intangibles | 24,273 | |||
Fair value of marketing-related intangibles | 8,083 | |||
Deferred tax liabilities on intangible assets | (9,383) | |||
Total | 27,640 | |||
Goodwill | 81,890 | |||
Total purchase price | 109,530 | |||
Cash and cash equivalents | 4,278 | |||
Fair value of acquired trade receivables included in net assets | 6,167 | |||
Gross contractual amount of acquired trade receivables | 6,181 | |||
Less: Allowance for lifetime expected credit loss | (14) | |||
Transaction costs | 358 | |||
Ampion Holdings Pty Ltd and Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 1,126 | |||
Fair value of property, plant and equipment | 35 | |||
Fair value of right-of-use assets | 74 | |||
Fair value of customer-related intangibles | 1,748 | |||
Fair value of marketing-related intangibles | 460 | |||
Deferred tax liabilities on intangible assets | (663) | |||
Total | 2,780 | |||
Goodwill | 6,322 | |||
Total purchase price | 9,102 | |||
Cash and cash equivalents | 855 | |||
Fair value of acquired trade receivables included in net assets | 1,074 | |||
Gross contractual amount of acquired trade receivables | 1,074 | |||
Less: Allowance for lifetime expected credit loss | 0 | |||
Transaction costs | 49 | |||
Edgile, LLC [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 1,289 | |||
Fair value of property, plant and equipment | 17 | |||
Fair value of right-of-use assets | 0 | |||
Fair value of customer-related intangibles | 1,717 | |||
Fair value of marketing-related intangibles | 1,160 | |||
Deferred tax liabilities on intangible assets | 0 | |||
Total | 4,183 | |||
Goodwill | 12,993 | |||
Total purchase price | 17,176 | |||
Cash and cash equivalents | 907 | |||
Fair value of acquired trade receivables included in net assets | 819 | |||
Gross contractual amount of acquired trade receivables | 819 | |||
Less: Allowance for lifetime expected credit loss | 0 | |||
Transaction costs | 152 | |||
LeanSwift Solutions Inc. and Subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 186 | |||
Fair value of property, plant and equipment | 9 | |||
Fair value of right-of-use assets | 0 | |||
Fair value of customer-related intangibles | 63 | |||
Fair value of marketing-related intangibles | 111 | |||
Deferred tax liabilities on intangible assets | (49) | |||
Total | 320 | |||
Goodwill | 1,305 | |||
Total purchase price | 1,625 | |||
Cash and cash equivalents | 145 | |||
Fair value of acquired trade receivables included in net assets | 201 | |||
Gross contractual amount of acquired trade receivables | 217 | |||
Less: Allowance for lifetime expected credit loss | (16) | |||
Transaction costs | ₨ 88 | |||
Rizing Intermediate Holdings Inc and its subsidiaries [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 3,850 | |||
Fair value of property, plant and equipment | 373 | |||
Fair value of right-of-use assets | 201 | |||
Fair value of customer-related intangibles | 3,894 | |||
Fair value of marketing-related intangibles | 482 | |||
Deferred tax liabilities on intangible assets | (1,750) | |||
Total | 7,050 | |||
Goodwill | 36,780 | |||
Total purchase price | 43,830 | |||
Cash and cash equivalents | 2,114 | |||
Fair value of acquired trade receivables included in net assets | 3,220 | |||
Gross contractual amount of acquired trade receivables | 3,233 | |||
Less: Allowance for lifetime expected credit loss | (13) | |||
Transaction costs | 99 | |||
Convergence Acceleration Solutions, LLC [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 532 | |||
Fair value of property, plant and equipment | 0 | |||
Fair value of right-of-use assets | 0 | |||
Fair value of customer-related intangibles | 1,708 | |||
Fair value of marketing-related intangibles | 0 | |||
Deferred tax liabilities on intangible assets | 0 | |||
Total | 2,240 | |||
Goodwill | 3,347 | |||
Total purchase price | 5,587 | |||
Cash and cash equivalents | 127 | |||
Fair value of acquired trade receivables included in net assets | 452 | |||
Gross contractual amount of acquired trade receivables | 452 | |||
Less: Allowance for lifetime expected credit loss | 0 | |||
Transaction costs | 19 | |||
Aggne [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Net assets | 194 | |||
Fair value of property, plant and equipment | 374 | |||
Fair value of right-of-use assets | 33 | |||
Fair value of customer-related intangibles | 556 | |||
Fair value of marketing-related intangibles | 390 | |||
Deferred tax liabilities on intangible assets | (367) | |||
Total | 1,180 | |||
Goodwill | 4,817 | |||
Share of non-controlling interests | (472) | |||
Total purchase price | 5,525 | |||
Cash and cash equivalents | 153 | |||
Fair value of acquired trade receivables included in net assets | 113 | |||
Gross contractual amount of acquired trade receivables | 113 | |||
Less: Allowance for lifetime expected credit loss | 0 | |||
Transaction costs | ₨ 31 |
Investments - Schedule of Inves
Investments - Schedule of Investment (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | |
Disclosure of detailed information about financial instruments [line items] | ||||
Non current investments other than investments accounted for using equity method | ₨ 21,629 | $ 260 | ₨ 20,720 | |
Current Investments | 311,171 | $ 3,734 | 309,232 | |
Total | 332,800 | 329,952 | ||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | 217,307 | 260,842 | ||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | 38,008 | 23,775 | ||
Financial instruments at FVTPL | ||||
Financial instruments at FVTPL | 77,485 | 45,335 | ||
Non-current assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Non current investments other than investments accounted for using equity method | 21,629 | 20,720 | ||
Current Assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current Investments | 311,171 | 309,232 | ||
Equity instruments [member] | Non-current assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | [1] | 15,830 | 15,647 | |
Financial instruments at FVTPL | ||||
Financial instruments at FVTPL | [1] | 4,404 | 3,773 | |
Inter corporate and term deposits [member] | ||||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | 38,008 | 23,775 | ||
Inter corporate and term deposits [member] | Non-current assets [member] | ||||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | [2] | |||
Inter corporate and term deposits [member] | Current Assets [member] | ||||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | [3] | 38,008 | 23,775 | |
Fixed maturity plan mutual funds [member] | Non-current assets [member] | ||||
Financial instruments at FVTPL | ||||
Financial instruments at FVTPL | 1,395 | 1,300 | ||
Short-term mutual funds [member] | Current Assets [member] | ||||
Financial instruments at FVTPL | ||||
Financial instruments at FVTPL | [4] | 71,686 | 40,262 | |
Non-convertible debentures [member] | Current Assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | 154,407 | 146,296 | ||
Government securities [member] | Current Assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | 7,030 | 9,422 | ||
Commercial papers [member] | Current Assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | 11,845 | 18,624 | ||
Certificate of deposits [member] | Current Assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | 0 | 16,828 | ||
Bonds [member] | Current Assets [member] | ||||
Financial instruments at FVTOCI | ||||
Financial instruments at FVTOCI | ₨ 28,195 | ₨ 54,025 | ||
[1] Uncalled capital commitments outstanding as at March 31, 2023 and 2024, was ₹ 1,288 and ₹ 1,450 respectively. ^ Value is less than 1 These deposits earn a fixed rate of interest. As at March 31, 2023 and 2024, term deposits include current deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 653 and ₹ 117 , respectively. As at March 31, 2023 and 2024, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ Nil and ₹ 218 , respectively. |
Investments - Schedule of Inv_2
Investments - Schedule of Investment (Parenthetical) (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of detailed information about financial instruments [abstract] | ||
Uncalled capital commitments outstanding | ₨ 1,450 | ₨ 1,288 |
Short-term mutual funds include units lien with bank | 218 | 0 |
Term Deposits in Lien with banks-Current | ₨ 117 | ₨ 653 |
Investments - Summary of Financ
Investments - Summary of Financial Information in Respect of Investments Accounted for Using Equity Method (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | Mar. 31, 2024 USD ($) | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||||
Carrying amount of the Company's interest in associates accounted for using the equity method a | ₨ 783 | ₨ 780 | |||
Carrying amount of the Company's interest in joint venture accounted for using the equity method | 261 | 0 | |||
Total investments accounted for using equity method | 1,044 | 780 | $ 13 | ||
Share of net profit/ (loss) of associate accounted for using the equity method | (8) | (57) | ₨ 57 | ||
Share of net profit/ (loss) of joint venture accounted for using the equity method | (225) | 0 | 0 | ||
Total share of profit (loss) of associates and joint ventures accounted for using equity method | (233) | $ (3) | ₨ (57) | ₨ 57 | |
SDVerse LLC [member] | |||||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||||
Carrying amount of the Company's interest in joint venture accounted for using the equity method | ₨ 484 | ||||
Company's share of equity in the joint venture | 27% | 27% |
Investments - Summary of Fina_2
Investments - Summary of Financial Information in Respect of Investments Accounted for Using Equity Method (Parenthetical) (Detail) | Mar. 31, 2024 shares |
Series A Preferred Stocks [member] | |
Disclosure of associates and joint ventures [line items] | |
Associate investment of preferred stock | 94,527 |
Series B Preferred Stocks [member] | |
Disclosure of associates and joint ventures [line items] | |
Associate investment of preferred stock | 190,525 |
Class A [member] | |
Disclosure of associates and joint ventures [line items] | |
Joint venture investment in Class A units | 5,850,000 |
Common Stock [member] | |
Disclosure of associates and joint ventures [line items] | |
Associate investment of common stock | 27,865 |
Investments - Summary of Equity
Investments - Summary of Equity Method Investments Non-current (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | ₨ 15,830 | ₨ 15,647 |
Tricentis Corporation [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 3,081 | 2,764 |
YugaByte, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 2,194 | 2,161 |
Immuta, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 1,411 | 1,390 |
TLV Partners, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 1,296 | 1,318 |
Vectra Networks, Inc [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 1,171 | 1,153 |
CyCognito Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 1,076 | 1,060 |
Incorta Inc, Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 784 | 772 |
TLV Partners II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 713 | 801 |
Work-Bench Ventures II-A, LP [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 495 | 491 |
B Capital Fund II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 488 | 517 |
Kognitos, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 330 | 123 |
TLV Partners III, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 307 | 354 |
Boldstart Ventures IV, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 305 | 343 |
Avaamo Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 287 | 283 |
Boldstart Opportunities II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 264 | 321 |
Vulcan Cyber Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 250 | 247 |
Sealights Technologies Ltd [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 200 | 197 |
EMA Unlimited Inc [member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 167 | 0 |
Headspin Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 160 | 158 |
Glilot Capital Partners III L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 132 | 255 |
Squadcast, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 100 | 99 |
Netspring Data, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 72 | 164 |
Wep Solutions Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 70 | 33 |
FPEL Ujwal Private Limited [member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 63 | 0 |
Apilyze Inc [member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 63 | 0 |
Spartan Radar [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 57 | 164 |
Wep Peripherals Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 57 | 58 |
Work-Bench Ventures III-A, LP [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 56 | 50 |
GTMfund II-QP LP [member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 43 | 0 |
Tangibly Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 42 | 0 |
Harte Hanks Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 38 | 66 |
Kibsi, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 20 | 123 |
Altizon Systems Private Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 19 | 19 |
Drivestream India Private Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 19 | 19 |
Moogsoft (Herd) Inc. [member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 0 | 144 |
Tradeshift Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | ₨ 0 | ₨ 0 |
Trade Receivables - Schedule of
Trade Receivables - Schedule of Trade Receivables (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) |
Trade and other receivables [abstract] | ||||
Trade receivables | ₨ 125,838 | ₨ 134,026 | ||
Allowance for lifetime expected credit loss | (6,316) | (6,813) | ₨ (10,299) | |
Total | 119,522 | 127,213 | ||
Non-current | 4,045 | $ 49 | 863 | |
Current | ₨ 115,477 | $ 1,387 | ₨ 126,350 |
Trade Receivables - Summary of
Trade Receivables - Summary of Allowance for Lifetime Expected Credit Loss (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of financial assets [abstract] | ||
Balance at the beginning of the year | ₨ 6,813 | ₨ 10,299 |
Additions / (write-back), net (Refer to Note 25) | 640 | (604) |
Charged against allowance | (1,078) | (3,302) |
Translation adjustment | (59) | 420 |
Balance at the end of the year | ₨ 6,316 | ₨ 6,813 |
Inventories - Schedule of Inven
Inventories - Schedule of Inventories (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Classes of current inventories [abstract] | |||
Stores and spare parts | ₨ 27 | ₨ 30 | |
Traded goods | 880 | 1,158 | |
Inventories | ₨ 907 | $ 11 | ₨ 1,188 |
Inventories - Additional Inform
Inventories - Additional Information (Details) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Classes of current inventories [abstract] | ||
Changes in inventories recognized as expense | ₨ 278 | ₨ 150 |
Purchases of traded goods recognized as expense | ₨ 3,832 | ₨ 6,494 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Cash and cash equivalents [abstract] | |||||
Cash and bank balances | ₨ 60,648 | ₨ 60,417 | ₨ 61,882 | ||
Demand deposits with banks | [1] | 36,305 | 31,463 | 41,954 | |
Cash and cash equivalents | ₨ 96,953 | $ 1,163 | ₨ 91,880 | ₨ 103,836 | |
[1] These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal. |
Cash and Cash Equivalents - S_2
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents for the Purpose of Cash Flow Statement (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 INR (₨) | Mar. 31, 2021 INR (₨) |
Cash and cash equivalents [abstract] | ||||||
Cash and cash equivalents (as above) | ₨ 96,953 | $ 1,163 | ₨ 91,880 | ₨ 103,836 | ||
Bank overdrafts | (2) | (19) | (3) | |||
Total | ₨ 96,951 | $ 1,163 | ₨ 91,861 | $ 1,102 | ₨ 103,833 | ₨ 169,663 |
Other financial Assets - Summar
Other financial Assets - Summary of Other Financial Assets (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Non-current | |||
Security deposits | ₨ 1,221 | ₨ 1,566 | |
Finance lease receivables | 4,270 | 4,742 | |
Dues from officers and employees | 59 | 22 | |
Other Non-current financial assets | 5,550 | $ 67 | 6,330 |
Current | |||
Security deposits | 2,035 | 1,549 | |
Dues from officers and employees | 596 | 735 | |
Interest receivables | 230 | 386 | |
Finance lease receivables | 5,307 | 5,672 | |
Others | 2,368 | 754 | |
Other current financial assets | 10,536 | $ 126 | 9,096 |
Other financial assets | ₨ 16,086 | ₨ 15,426 |
Other financial assets - Summ_2
Other financial assets - Summary of Finance Lease Receivables (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | ₨ 10,229 | ₨ 11,039 |
Less: Unearned finance income | (652) | (625) |
Present value of minimum lease payment receivables | 9,577 | 10,414 |
Non-current | 4,270 | 4,742 |
Current | ₨ 5,307 | 5,672 |
Bottom of range [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Contract Term | 1 year | |
Top of range [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Contract Term | 5 years | |
Not later than one year [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | ₨ 5,693 | 6,031 |
Present value of minimum lease payment receivables | 5,307 | 5,672 |
Later than one year but not later than five years [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | 4,536 | 5,008 |
Present value of minimum lease payment receivables | ₨ 4,270 | ₨ 4,742 |
Other assets - Summary Of Detai
Other assets - Summary Of Detailed Information About Other Assets (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | |
Non-current | ||||
Prepaid expenses | ₨ 3,424 | ₨ 5,375 | ||
Costs to obtain contract | [1] | 2,324 | 2,936 | |
Costs to fulfil contract | [2] | 205 | 261 | |
Others | 4,378 | 5,034 | ||
Non-current non-financial asset | 10,331 | $ 124 | 13,606 | |
Current | ||||
Prepaid expenses | 17,574 | 19,164 | ||
Due from officers and employees | 343 | 799 | ||
Advance to suppliers | 3,267 | 2,506 | ||
Balance with GST and other authorities | 6,029 | 7,929 | ||
Costs to obtain contract | [1] | 867 | 978 | |
Costs to fulfil contract | [2] | 60 | 59 | |
Others | 1,462 | 1,464 | ||
Current non-financial asset | 29,602 | $ 355 | 32,899 | |
Total | ₨ 39,933 | ₨ 46,505 | ||
[1] Costs to obtain contract amortization of ₹ 902 , ₹ 892 and ₹ 1,083 during the year ended March 31, 2022, 2023 and 2024 respectively. Costs to fulfil contract amortization of ₹ 54 , ₹ 58 and ₹ 60 during the year ended March 31, 2022, 2023 and 2024 respectively |
Other assets - Summary Of Det_2
Other assets - Summary Of Detailed Information About Other Assets (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Statement [LineItem] | |||
Cost to obtain contract amortization | ₨ 1,083 | ₨ 892 | ₨ 902 |
Costs to fulfil contract amortization | ₨ 60 | ₨ 58 | ₨ 54 |
Loans, Borrowings and Bank Ov_3
Loans, Borrowings and Bank Overdrafts - Additional Information (Detail) ₨ in Millions, ฿ in Millions, ر.ق in Millions, ر.س in Millions, £ in Millions, Rp in Millions, R$ in Millions, .د.ب in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions | 12 Months Ended | |||||||||||||||
Jun. 23, 2021 USD ($) | Mar. 31, 2024 INR (₨) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2024 CAD ($) | Mar. 31, 2024 SAR (ر.س) | Mar. 31, 2024 GBP (£) | Mar. 31, 2024 BHD (.د.ب) | Mar. 31, 2024 AUD ($) | Mar. 31, 2024 THB (฿) | Mar. 31, 2024 BRL (R$) | Mar. 31, 2024 IDR (Rp) | Mar. 31, 2024 QAR (ر.ق) | Mar. 31, 2024 MXN ($) | ||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Borrowings | ₨ | [1] | ₨ 141,466 | ₨ 150,093 | |||||||||||||
Loans Borrowing And Bank Overdraft [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ₨ | 79,166 | 88,764 | ||||||||||||||
Interest expense on loans, borrowings and bank overdrafts | ₨ | 6,893 | 6,648 | ₨ 3,261 | |||||||||||||
Line of credit [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ₨ | 70,228 | |||||||||||||||
Line of credit [member] | U.S.Dollar [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | $ 782 | |||||||||||||||
Remaining borrowing capacity | $ 392 | |||||||||||||||
Line of credit [member] | Canadian Dollar [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | $ 10 | |||||||||||||||
Remaining borrowing capacity | $ 10 | |||||||||||||||
Line of credit [member] | Indonesia, Rupiahs [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | Rp | Rp 13,000 | |||||||||||||||
Remaining borrowing capacity | Rp | Rp 13,000 | |||||||||||||||
Line of credit [member] | Indian Rupee [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Remaining borrowing capacity | ₨ | 28,478 | |||||||||||||||
Line of credit [member] | Saudi Arabia, Riyals [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ر.س | ر.س 20 | |||||||||||||||
Remaining borrowing capacity | ر.س | ر.س 20 | |||||||||||||||
Line of credit [member] | United Kingdom, Pounds [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | £ | £ 7 | |||||||||||||||
Remaining borrowing capacity | £ | £ 7 | |||||||||||||||
Line of credit [member] | Australia, Dollars [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | $ 90 | |||||||||||||||
Line of credit [member] | Bahrain, Dinars [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | .د.ب | .د.ب 1 | |||||||||||||||
Remaining borrowing capacity | .د.ب | .د.ب 1 | |||||||||||||||
Line of credit [member] | Thailand, Baht [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ฿ | ฿ 5 | |||||||||||||||
Remaining borrowing capacity | ฿ | ฿ 5 | |||||||||||||||
Line of credit [member] | Brazilian, Real [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | R$ | R$ 7 | |||||||||||||||
Remaining borrowing capacity | R$ | R$ 7 | |||||||||||||||
Line of credit [member] | Qatari, Riyal [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ر.ق | ر.ق 10 | |||||||||||||||
Remaining borrowing capacity | ر.ق | ر.ق 10 | |||||||||||||||
Line of credit [member] | Mexican, Peso [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | $ 33 | |||||||||||||||
Remaining borrowing capacity | $ 33 | |||||||||||||||
Revolving credit facilities non-fund based [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Loans, Borrowings and Bank overdrafts | ₨ | 48,536 | 50,172 | ||||||||||||||
Remaining borrowing capacity | ₨ | ₨ 35,081 | ₨ 34,096 | ||||||||||||||
Unsecured Notes 2026 [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Borrowings | $ 750 | |||||||||||||||
Interest rate | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | |||
Final maturity | June 23, 2026 | |||||||||||||||
Unsecured Notes 2026 [member] | U.S.Dollar [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Final maturity | June-26 | |||||||||||||||
[1] Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. |
Loans, borrowings and bank ov_4
Loans, borrowings and bank overdrafts - Summary of Current and Non-Current Borrowings (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Non-current | |||||
Unsecured Notes 2026 | [1] | ₨ 62,300 | ₨ 61,272 | ||
Total | 62,300 | $ 748 | 61,272 | ||
Current | |||||
Borrowings from banks | 79,164 | 88,745 | |||
Bank overdrafts | 2 | 19 | ₨ 3 | ||
Loans from institutions other than banks | 0 | 57 | |||
Current borrowings and current portion of non-current borrowings | 79,166 | $ 950 | 88,821 | ||
Borrowings | [2] | ₨ 141,466 | ₨ 150,093 | ||
[1] On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$ 750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50 % per annum and will mature on June 23, 2026 . Interest on the Notes is payable semi-annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. |
Loans, borrowings and bank ov_5
Loans, borrowings and bank overdrafts - Summary of Current and Non-Current Borrowings (Parenthetical) (Details) ₨ in Millions, $ in Millions | Jun. 23, 2021 USD ($) | Mar. 31, 2024 INR (₨) | Mar. 31, 2023 INR (₨) | |
Disclosure of detailed information about borrowings [line items] | ||||
Loans, borrowings and bank overdrafts | ₨ | [1] | ₨ 141,466 | ₨ 150,093 | |
Unsecured Notes 2026 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Loans, borrowings and bank overdrafts | $ | $ 750 | |||
Interest rate | 1.50% | 1.50% | ||
Final maturity | June 23, 2026 | |||
[1] Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. |
Loans, Borrowings and Bank Ov_6
Loans, Borrowings and Bank Overdrafts - Summary of Long - Term Loans and Borrowings (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Jun. 23, 2021 | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2023 USD ($) | |
Disclosure of detailed information about borrowings [line items] | |||||
Unsecured loans | ₨ 62,300 | ₨ 61,329 | |||
Non-current portion of long-term loans and borrowings | 62,300 | $ 748 | 61,272 | ||
Current portion of long term loans and borrowings | 0 | 57 | |||
Unsecured Notes 2026 [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Final maturity | June 23, 2026 | ||||
Unsecured Notes 2026 [member] | U.S.Dollar [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Unsecured loans | ₨ 62,300 | $ 747 | 61,272 | $ 746 | |
Final maturity | June-26 | ||||
Unsecured Loans [member] | Indian Rupee [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Unsecured loans | ₨ 0 | ₨ 57 |
Loans, Borrowings and Bank Ov_7
Loans, Borrowings and Bank Overdrafts - Summary of Changes in Financing Liabilities Arising from Cash and Non-cash Changes (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Liabilities arising from financing activities at beginning of period | ₨ 174,647 | ₨ 175,926 |
Cash flow | (20,117) | (17,587) |
Non cash changes, Additions to lease liabilities | 8,438 | 9,021 |
Non cash changes, Effective interest rate adjustment | 112 | 108 |
Non cash changes, foreign exchange movements | 1,567 | 7,179 |
Liabilities arising from financing activities at end of period | 164,647 | 174,647 |
Borrowings [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Liabilities arising from financing activities at beginning of period | 150,074 | 151,693 |
Cash flow | (10,057) | (7,876) |
Non cash changes, Additions to lease liabilities | 0 | |
Non cash changes, Effective interest rate adjustment | 112 | 108 |
Non cash changes, foreign exchange movements | 1,335 | 6,149 |
Liabilities arising from financing activities at end of period | 141,464 | 150,074 |
Lease liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Liabilities arising from financing activities at beginning of period | 24,573 | 24,233 |
Cash flow | (10,060) | (9,711) |
Non cash changes, Additions to lease liabilities | 8,438 | 9,021 |
Non cash changes, Effective interest rate adjustment | 0 | |
Non cash changes, foreign exchange movements | 232 | 1,030 |
Liabilities arising from financing activities at end of period | ₨ 23,183 | ₨ 24,573 |
Trade Payables and Accrued Ex_3
Trade Payables and Accrued Expenses - Summary of Trade Payables and Accrued Expenses (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Trade and other current payables [abstract] | |||
Trade payables | ₨ 23,275 | ₨ 21,728 | |
Accrued expenses | 65,291 | 67,326 | |
Trade payables and accrued expenses | ₨ 88,566 | $ 1,062 | ₨ 89,054 |
Other financial liabilities - S
Other financial liabilities - Summary of detailed information about other financial liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | |
Non-current | ||||
Contingent consideration (Refer to Note 19) | ₨ 429 | ₨ 1,545 | ||
Liability on written put options to non-controlling interests (Refer to Note 19) | 4,303 | 0 | ||
Deposits and others | 253 | 1,104 | ||
Other non-current financial liabilities | 4,985 | $ 60 | 2,649 | |
Current | ||||
Contingent consideration (Refer to Note 19) | 0 | 1,508 | ||
Advance from customers | 598 | 1,373 | ||
Cash Settled ADS RSUs | 3 | 6 | ||
Capital creditors | 333 | 215 | ||
Deposits and others | 1,338 | 1,039 | ||
Current financial liabilities | 2,272 | $ 27 | 4,141 | |
Other financial liabilities | [1] | ₨ 7,257 | ₨ 6,790 | |
[1] Includes future cash outflow towards estimated interest on contingent consideration and liability on written put options to non-controlling interests. |
Other liabilities - Summary of
Other liabilities - Summary of Detailed Information About Other Liabilities Explanatory (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Non-current | |||
Employee benefits obligations | ₨ 4,219 | ₨ 2,947 | |
Others | 8,751 | 6,386 | |
Total non-current liabilities | 12,970 | $ 156 | 9,333 |
Current | |||
Employee benefits obligations | 16,057 | 15,885 | |
Statutory and other liabilities | 13,275 | 13,155 | |
Advance from customers | 1,192 | 645 | |
Others | 771 | 530 | |
Current non-financial liabilities | 31,295 | $ 376 | 30,215 |
Total | ₨ 44,265 | ₨ 39,548 |
Provisions - Summary of Detaile
Provisions - Summary of Detailed Information About Provisions (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | ||
Non-current | |||||
Provision for warranty | [1] | ||||
Non-current provisions | ₨ 0 | $ 0 | [2] | ||
Current | |||||
Provision for onerous contracts | 1,599 | 1,590 | |||
Provision for warranty | 217 | 456 | |||
Others | 155 | 503 | |||
Current provisions | 1,971 | $ 24 | 2,549 | ||
Total | ₨ 1,971 | ₨ 2,549 | |||
[1] ^ Value is less than 1 ^ Value is less than 1 |
Provisions - Additional Informa
Provisions - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Bottom of range [member] | |
Disclosure of other provisions [line items] | |
Provision for warranty utilization period | 1 year |
Top of range [member] | |
Disclosure of other provisions [line items] | |
Provision for warranty utilization period | 2 years |
Provisions - Summary of Activit
Provisions - Summary of Activity for Provision for Warranty and Other Provisions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | |||
Disclosure of other provisions [line items] | ||||
Balance at the beginning of the year | ₨ 2,549 | ₨ 2,772 | ||
Additional provision during the year | 1,067 | 1,280 | ||
Utilized/written-back during the year | (1,649) | (1,503) | ||
Translation adjustment | 4 | 0 | ||
Balance at the end of the year | 1,971 | 2,549 | ||
Provision for warranty [member] | ||||
Disclosure of other provisions [line items] | ||||
Balance at the beginning of the year | 456 | 295 | ||
Additional provision during the year | 151 | 414 | ||
Utilized/written-back during the year | (390) | (253) | ||
Translation adjustment | 0 | 0 | ||
Balance at the end of the year | 217 | 456 | ||
Provision for onerous contracts [member] | ||||
Disclosure of other provisions [line items] | ||||
Balance at the beginning of the year | [1] | 1,590 | 1,946 | |
Additional provision during the year | 916 | 866 | [1] | |
Utilized/written-back during the year | (911) | (1,222) | [1] | |
Translation adjustment | 4 | 0 | [1] | |
Balance at the end of the year | 1,599 | 1,590 | [1] | |
Other provisions [member] | ||||
Disclosure of other provisions [line items] | ||||
Balance at the beginning of the year | 503 | 531 | ||
Additional provision during the year | 0 | 0 | ||
Utilized/written-back during the year | (348) | (28) | ||
Translation adjustment | 0 | 0 | ||
Balance at the end of the year | ₨ 155 | ₨ 503 | ||
[1] (1) Addition in Provision for onerous contracts for the year ended March 31, 2023 includes ₹ 51 towards adoption of Amendments to IAS 37 – Onerous Contracts – Cost of Fulfilling a Contract. |
Provisions - Summary of Activ_2
Provisions - Summary of Activity for Provision for Warranty and Other Provisions (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of other provisions [line items] | ||
Additional provision during the year | ₨ 1,067 | ₨ 1,280 |
Onerous Contracts-Cost of Fulfilling Contract [member] | ||
Disclosure of other provisions [line items] | ||
Additional provision during the year | ₨ 51 |
Financial Instruments - Schedul
Financial Instruments - Schedule of Carrying Value of Financial Instruments by Categories (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of detailed information about financial instruments [line items] | ||
Financial Liabilities at FVTPL | ₨ 329 | ₨ 470 |
Financial assets amortised cost | 38,008 | 23,775 |
Financial liabilities amortised cost | 260,472 | 270,510 |
Financial liabilities designated upon initial recognition | 233 | 2,534 |
Financial assets | 625,064 | 626,859 |
Financial liabilities | 261,034 | 273,514 |
Trade payables and accrued expenses [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities amortised cost | 88,566 | 89,054 |
Financial liabilities | 88,566 | 89,054 |
Other financial liabilities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities amortised cost | 7,257 | 6,790 |
Financial liabilities | 7,257 | 6,790 |
Loans, borrowings and bank overdrafts [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities amortised cost | 141,466 | 150,093 |
Financial liabilities | 141,466 | 150,093 |
Lease liabilities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial liabilities amortised cost | 23,183 | 24,573 |
Financial liabilities | 23,183 | 24,573 |
Derivative liabilities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Liabilities at FVTPL | 329 | 470 |
Financial liabilities designated upon initial recognition | 233 | 2,534 |
Financial liabilities | 562 | 3,004 |
Financial Assets Cash And Cash Equivalents [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | 96,953 | 91,880 |
Financial assets | 96,953 | 91,880 |
Equity instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Assets at FVTPL | 4,404 | 3,773 |
Financial assets designated upon initial recognition | 15,830 | 15,647 |
Financial assets | 20,234 | 19,420 |
Fixed maturity plan mutual funds [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Assets at FVTPL | 1,395 | 1,300 |
Financial assets | 1,395 | 1,300 |
Short-term mutual funds [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Assets at FVTPL | 71,686 | 40,262 |
Financial assets | 71,686 | 40,262 |
Non-convertible debentures [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 154,407 | 146,296 |
Financial assets | 154,407 | 146,296 |
Government securities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 7,030 | 9,422 |
Financial assets | 7,030 | 9,422 |
Commercial papers [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 11,845 | 18,624 |
Financial assets | 11,845 | 18,624 |
Certificate of deposits [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 16,828 | |
Financial assets | 16,828 | |
Bonds [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 28,195 | 54,025 |
Financial assets | 28,195 | 54,025 |
Inter corporate and term deposits [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | 38,008 | 23,775 |
Financial assets | 38,008 | 23,775 |
Trade receivables [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | 119,522 | 127,213 |
Financial assets | 119,522 | 127,213 |
Unbilled receivables [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | 58,345 | 60,515 |
Financial assets | 58,345 | 60,515 |
Other financial assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | 16,086 | 15,426 |
Financial assets | 16,086 | 15,426 |
Derivative assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Assets at FVTPL | 390 | 1,101 |
Financial assets designated upon initial recognition | 968 | 772 |
Financial assets | 1,358 | 1,873 |
Fair value through profit or loss [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial Assets at FVTPL | 77,875 | 46,436 |
Mandatory [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets measured at fair value through other comprehensive income - mandatory | 201,477 | 245,195 |
Designated upon initial recognition [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets designated upon initial recognition | 16,798 | 16,419 |
Financial assets at amortised cost [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets amortised cost | ₨ 328,914 | ₨ 318,809 |
Financial Instruments - Summary
Financial Instruments - Summary of Offsetting Other Financial Assets and Trade Payable and Other Financial Liabilities (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | ₨ 206,810 | ₨ 213,032 |
Gross amounts of recognized financial liabilities set off | (12,857) | (9,878) |
Net amounts recognized | 193,953 | 203,154 |
Gross amounts recognized | 108,680 | 105,722 |
Gross amounts of recognized financial liabilities set off | (12,857) | (9,878) |
Net amounts recognized | 95,823 | 95,844 |
Trade receivables - non-current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 4,045 | 863 |
Gross amounts of recognized financial liabilities set off | 0 | 0 |
Net amounts recognized | 4,045 | 863 |
Trade receivables - current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 125,624 | 134,053 |
Gross amounts of recognized financial liabilities set off | (10,147) | (7,703) |
Net amounts recognized | 115,477 | 126,350 |
Other financial assets - non-current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 5,550 | 6,330 |
Gross amounts of recognized financial liabilities set off | 0 | 0 |
Net amounts recognized | 5,550 | 6,330 |
Other financial assets - current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 10,536 | 9,096 |
Gross amounts of recognized financial liabilities set off | 0 | 0 |
Net amounts recognized | 10,536 | 9,096 |
Unbilled receivables [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 61,055 | 62,690 |
Gross amounts of recognized financial liabilities set off | (2,710) | (2,175) |
Net amounts recognized | 58,345 | 60,515 |
Trade payables and accrued expenses [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 101,423 | 98,932 |
Gross amounts of recognized financial liabilities set off | (12,857) | (9,878) |
Net amounts recognized | 88,566 | 89,054 |
Other financial liabilities - non-current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 4,985 | 2,649 |
Gross amounts of recognized financial liabilities set off | 0 | 0 |
Net amounts recognized | 4,985 | 2,649 |
Other financial liabilities - current [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gross amounts recognized | 2,272 | 4,141 |
Gross amounts of recognized financial liabilities set off | 0 | 0 |
Net amounts recognized | ₨ 2,272 | ₨ 4,141 |
Financial Instruments - Summa_2
Financial Instruments - Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 |
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Contingent consideration | ₨ (429) | ₨ (3,053) | ₨ (4,329) |
Fair value measurements at reporting date using [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Contingent consideration | (429) | (3,053) | |
Fair value measurements at reporting date using [member] | Cash flow hedges [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 968 | 772 | |
Fair value of financial liabilities | (233) | (2,534) | |
Fair value measurements at reporting date using [member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Contingent consideration | 0 | 0 | |
Fair value measurements at reporting date using [member] | Level 1 [member] | Cash flow hedges [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Contingent consideration | 0 | 0 | |
Fair value measurements at reporting date using [member] | Level 2 [member] | Cash flow hedges [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 968 | 772 | |
Fair value of financial liabilities | (233) | (2,534) | |
Fair value measurements at reporting date using [member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Contingent consideration | (429) | (3,053) | |
Fair value measurements at reporting date using [member] | Level 3 [member] | Cash flow hedges [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 390 | 1,101 | |
Fair value of financial liabilities | (329) | (470) | |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 390 | 1,101 | |
Fair value of financial liabilities | (329) | (470) | |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | ShortTerm Mutual Funds [Member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 71,686 | 40,262 | |
Fair value measurements at reporting date using [member] | ShortTerm Mutual Funds [Member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 71,686 | 40,262 | |
Fair value measurements at reporting date using [member] | ShortTerm Mutual Funds [Member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | ShortTerm Mutual Funds [Member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | Fixed Maturity Plan Mutual Funds [Member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 1,395 | 1,300 | |
Fair value measurements at reporting date using [member] | Fixed Maturity Plan Mutual Funds [Member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | Fixed Maturity Plan Mutual Funds [Member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 1,395 | 1,300 | |
Fair value measurements at reporting date using [member] | Fixed Maturity Plan Mutual Funds [Member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | Equity Instruments [Member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 20,234 | 19,420 | |
Fair value measurements at reporting date using [member] | Equity Instruments [Member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 108 | 99 | |
Fair value measurements at reporting date using [member] | Equity Instruments [Member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | Equity Instruments [Member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 20,126 | 19,321 | |
Fair value measurements at reporting date using [member] | Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 201,477 | 245,195 | |
Fair value measurements at reporting date using [member] | Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 1,282 | 1,256 | |
Fair value measurements at reporting date using [member] | Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 200,195 | 243,939 | |
Fair value measurements at reporting date using [member] | Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial assets | 0 | 0 | |
Fair value measurements at reporting date using [member] | Liability on written put options to non-controlling interests [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial liabilities | (4,303) | 0 | |
Fair value measurements at reporting date using [member] | Liability on written put options to non-controlling interests [member] | Level 1 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | Liability on written put options to non-controlling interests [member] | Level 2 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial liabilities | 0 | 0 | |
Fair value measurements at reporting date using [member] | Liability on written put options to non-controlling interests [member] | Level 3 [member] | |||
Disclosure of fair value measurement of assets and liabilities [line items] | |||
Fair value of financial liabilities | ₨ (4,303) | ₨ 0 |
Financial Instruments - Summa_3
Financial Instruments - Summary of Changes in Level 3 Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Balance at the beginning of the year | ₨ 1,175,822 | |||
Translation adjustment | 3 | ₨ 27 | ||
Balance at the end of the year | 1,152,459 | $ 13,831 | 1,175,822 | |
Level 3 [member] | Equity instruments [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Balance at the beginning of the year | 19,321 | 16,324 | ||
Additions | 1,277 | 2,093 | ||
Disposals | [1],[2] | (416) | (632) | |
Unrealized gain/(loss) recognized in consolidated statement of income | (136) | (2) | ||
Gain/(loss) recognized in other comprehensive income | (485) | 291 | ||
Translation adjustment | 565 | 1,247 | ||
Balance at the end of the year | ₨ 20,126 | ₨ 19,321 | ||
[1] (2) During the year ended March 31, 2024, the Company sold its shares in Moogsoft (Herd) Inc. at a fair value of ₹ 179 and recognized a cumulative loss of ₹ 91 in other comprehensive income. (1) During the year ended March 31, 2023, the Company sold its shares in Vicarious FPC, Inc. and Harte Hanks Inc. at a fair value of ₹ 1,150 and recognized a cumulative gain of ₹ 30 in other comprehensive income. |
Financial Instruments - Summa_4
Financial Instruments - Summary of Changes in Level 3 Assets and Liabilities (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Moogsoft (Herd) Inc. [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Investments sold during the year | ₨ 179 | |
Cumulative loss in OCI on sale of investments | ₨ 91 | |
Vicarious FPC, Inc. and Harte Hanks Inc. [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Investments sold during the year | ₨ 1,150 | |
Cumulative gain in OCI on sale of investments | ₨ 30 |
Financial Instruments - Summa_5
Financial Instruments - Summary Of Contingent Consideration (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | ||
Contingent Consideration [Abstract] | |||
Balance at the beginning of the year | ₨ (3,053) | ₨ (4,329) | |
Additions | 0 | (1,662) | |
Reversals | [1] | 1,300 | 1,671 |
Payouts | 1,294 | 1,784 | |
Finance expense (recognized)/reversed in consolidated statement of income | 55 | (131) | |
Translation adjustment | (25) | (386) | |
Balance at the end of the year | ₨ (429) | ₨ (3,053) | |
[1] Towards change in fair value of earn-out liability as a result of changes in estimates of revenue and earnings over the earn-out period. |
Financial instrument - Summery
Financial instrument - Summery of Liability on Written Put Options to Non-controlling Interest (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of financial assets [line items] | ||||
Finance expense recognized in consolidated statement of income | ₨ 12,552 | $ 151 | ₨ 10,077 | ₨ 5,325 |
Translation adjustment | 3 | 27 | ||
Liability on written put options to non-controlling interests [member] | ||||
Disclosure of financial assets [line items] | ||||
Balance at the beginning of the year | 0 | 0 | ||
Addition through Business combination | (4,238) | 0 | ||
Finance expense recognized in consolidated statement of income | (33) | 0 | ||
Translation adjustment | (32) | 0 | ||
Balance at the end of the year | ₨ (4,303) | ₨ 0 | ₨ 0 |
Financial Instruments - Summa_6
Financial Instruments - Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding (Detail) ₺ in Millions, € in Millions, ₨ in Millions, ₡ in Millions, ر.ق in Millions, ر.ع. in Millions, ر.س in Millions, د.ك in Millions, د.إ in Millions, ¥ in Millions, ¥ in Millions, £ in Millions, zł in Millions, kr in Millions, kr in Millions, kr in Millions, SFr in Millions, RON in Millions, RM in Millions, R$ in Millions, R in Millions, .د.ب in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 BHD (.د.ب) | [2] | Mar. 31, 2024 KWD (د.ك) | [2] | Mar. 31, 2024 USD ($) | Mar. 31, 2024 EUR (€) | Mar. 31, 2024 GBP (£) | Mar. 31, 2024 AUD ($) | Mar. 31, 2024 SGD ($) | Mar. 31, 2024 ZAR (R) | Mar. 31, 2024 CAD ($) | Mar. 31, 2024 SAR (ر.س) | Mar. 31, 2024 CHF (SFr) | Mar. 31, 2024 QAR (ر.ق) | Mar. 31, 2024 TRY (₺) | Mar. 31, 2024 NOK (kr) | Mar. 31, 2024 OMR (ر.ع.) | Mar. 31, 2024 SEK (kr) | Mar. 31, 2024 JPY (¥) | Mar. 31, 2024 DKK (kr) | Mar. 31, 2024 AED (د.إ) | Mar. 31, 2024 CNY (¥) | Mar. 31, 2024 MXN ($) | Mar. 31, 2024 COP ($) | Mar. 31, 2024 MYR (RM) | Mar. 31, 2024 RON | Mar. 31, 2024 HKD ($) | Mar. 31, 2024 CRC (₡) | Mar. 31, 2024 NZD ($) | Mar. 31, 2024 PLN (zł) | Mar. 31, 2024 TWD ($) | Mar. 31, 2024 BRL (R$) | Mar. 31, 2023 INR (₨) | Mar. 31, 2023 BHD (.د.ب) | Mar. 31, 2023 KWD (د.ك) | Mar. 31, 2023 USD ($) | Mar. 31, 2023 EUR (€) | Mar. 31, 2023 GBP (£) | Mar. 31, 2023 AUD ($) | Mar. 31, 2023 SGD ($) | Mar. 31, 2023 ZAR (R) | Mar. 31, 2023 CAD ($) | Mar. 31, 2023 SAR (ر.س) | Mar. 31, 2023 CHF (SFr) | Mar. 31, 2023 QAR (ر.ق) | Mar. 31, 2023 TRY (₺) | Mar. 31, 2023 NOK (kr) | Mar. 31, 2023 OMR (ر.ع.) | Mar. 31, 2023 SEK (kr) | Mar. 31, 2023 JPY (¥) | Mar. 31, 2023 DKK (kr) | Mar. 31, 2023 AED (د.إ) | Mar. 31, 2023 CNY (¥) | Mar. 31, 2023 MXN ($) | Mar. 31, 2023 COP ($) | Mar. 31, 2023 MYR (RM) | Mar. 31, 2023 RON | Mar. 31, 2023 HKD ($) | Mar. 31, 2023 CRC (₡) | Mar. 31, 2023 NZD ($) | Mar. 31, 2023 PLN (zł) | Mar. 31, 2023 TWD ($) | Mar. 31, 2023 BRL (R$) | |||
At cost [member] | Sell: Forward contracts [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 1,158 | $ 1,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | 1,349 | 977 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | [1] | 1,158 | 1,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | € 11 | € 94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | 195 | 171 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | £ 17 | £ 138 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | 72 | 129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | $ 15 | $ 89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | 55 | 56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 26 | $ 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R | R 97 | R 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 61 | $ 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Saudi Arabian Riyal [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.س | ر.س 188 | ر.س 147 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | د.إ | د.إ 22 | د.إ 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | SFr | SFr 0 | SFr 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Qatar, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ق | ر.ق 5 | ر.ق 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Turkey, New Lira [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₺ | ₺ 86 | ₺ 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Norway, Krone [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 20 | kr 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Oman, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ع. | ر.ع. 2 | ر.ع. 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Sweden, Kronor [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 0 | kr 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 3,975 | ¥ 784 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Denmark, Kroner [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 33 | kr 33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Mexican, Peso [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 212 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Colombia, Pesos [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 8,120 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Malaysia, Ringgits [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | RM | RM 20 | RM 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Romania, New Lei [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | RON | RON 80 | RON 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Bahrain, Dinars [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | .د.ب | .د.ب 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Hong Kong, Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 80 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Costa Rica, Colones | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₡ | ₡ 3,380 | ₡ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | New Zealand, Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 2 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | CNH [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 11 | ¥ 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | 730 | 1,157 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | 0 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | 129 | 49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | 86 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | 57 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Interest rate swaps [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | ₨ 4,750 | ₨ 4,750 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Interest rate swaps [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | 225 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | 0 | 200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 4 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | € 7 | € 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | £ 2 | £ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 2 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R | R 0 | R 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 49 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | د.إ | د.إ 0 | د.إ 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | zł | zł 39 | zł 26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | SFr | SFr 5 | SFr 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Qatar, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ق | ر.ق 29 | ر.ق 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Norway, Krone [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 0 | kr 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Sweden, Kronor [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 39 | kr 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Romania, New Lei [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | RON | RON 91 | RON 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Taiwan, New Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 40 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Brazil, Brazil Real | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R$ | R$ 67 | R$ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | RMB [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | 25 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | CNH [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 126 | ¥ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Kuwait, Dinars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | د.ك | د.ك 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 796 | (1,131) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 264 | (262) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [1] | (31) | 736 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 10 | (497) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 119 | (176) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 16 | (728) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 44 | (100) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 15 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 30 | 69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 12 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 4 | (7) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (1) | (25) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Saudi Arabian Riyal [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (2) | (6) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Qatar, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (2) | (2) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Turkey, New Lira [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (1) | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Norway, Krone [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 2 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Oman, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Sweden, Kronor [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 32 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Denmark, Kroner [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 3 | (4) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Mexican, Peso [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (35) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Colombia, Pesos [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Malaysia, Ringgits [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (2) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Romania, New Lei [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (9) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Bahrain, Dinars [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Hong Kong, Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Costa Rica, Colones | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (19) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | New Zealand, Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 2 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | CNH [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 3 | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 192 | (19) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 59 | (112) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (11) | (69) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 10 | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Interest rate swaps [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (71) | (113) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Interest rate swaps [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 233 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | 82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 1 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (4) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (6) | 13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (29) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Qatar, Rials [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 10 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Norway, Krone [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 0 | [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Sweden, Kronor [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Romania, New Lei [member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (9) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Taiwan, New Dollars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (2) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Brazil, Brazil Real | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | RMB [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (6) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | CNH [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (5) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Kuwait, Dinars | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | ₨ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] (1) USD 1,550 and USD 1,158 includes USD/PHP sell forward of USD 77 and USD 167 as at March 31, 2023 and 2024, respectively. ^ Value is less than 1 |
Financial Instruments - Summa_7
Financial Instruments - Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding (Parenthetical) (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2023 USD ($) |
At fair value [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | ₨ | ₨ 796 | ₨ (1,131) | ||
At cost [member] | Sell: Forward contracts [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | $ 1,158 | $ 1,550 | ||
At cost [member] | Philippines, Pesos | Sell: Forward contracts [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | $ 167 | $ 77 |
Financial Instruments - Summa_8
Financial Instruments - Summary of Activity in Cash Flow Hedging Reserve within Equity Related to all Derivative Instruments Classified as Cash Flow Hedges (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | ||
Disclosure of detailed information about hedges [abstract] | |||
Balance as at the beginning of the year | ₨ (1,762) | ₨ 1,943 | |
Changes in fair value of effective portion of derivatives | 1,461 | (4,839) | |
Deferred cancellation gain/(loss), net | 40 | 0 | |
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions | [1] | 1,016 | 1,134 |
Ineffective portion of derivative instruments classified to consolidated statement of income | 18 | 0 | |
Gain/(loss) on cash flow hedging derivatives, net | 2,535 | (3,705) | |
Balance as at the end of the year | 773 | (1,762) | |
Deferred tax asset/(liability) thereon | (195) | 359 | |
Balance as at the end of the year, net of deferred tax | ₨ 578 | ₨ (1,403) | |
[1] Includes net (gain)/loss reclassified to revenue of ₹ 2,471 and ₹ 898 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to cost of revenues of ₹ ( 1,337 ) and ₹ 221 for the year ended March 31, 2023, and 2024, respectively; net (gain)/loss reclassified to finance expenses of ₹ Nil and ₹ ( 167 ) for the year ended March 31, 2023, and 2024, respectively and net (gain)/loss reclassified to finance and other income of ₹ Nil and ₹ 64 for the year ended March 31, 2023, and 2024, respectively. |
Financial Instruments - Summa_9
Financial Instruments - Summary of Activity in Cash Flow Hedging Reserve within Equity Related to all Derivative Instruments Classified as Cash Flow Hedges (Detail) (Parenthetical) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of detailed information about hedges [abstract] | ||
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under revenues | ₨ 898 | ₨ 2,471 |
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under cost of revenues | 221 | (1,337) |
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under finance expenses | (167) | 0 |
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under finance and other income | ₨ 64 | ₨ 0 |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - INR (₨) | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Jun. 23, 2021 | |
Disclosure of detailed information about financial instruments [line items] | |||
Cash flow hedging reserve description | The related hedge transactions for balance in cash flow hedging reserves as at March 31, 2024 are expected to occur and be reclassified to the statement of income over a period of fifteen months. | ||
Interest rate swaps basis points | 1% | ||
Description of concentration of risk | No single customer accounted for more than 10% of the accounts receivable as at March 31, 2023 and 2024, or revenues for the years ended March 31, 2022, 2023 and 2024. | ||
Unsecured Notes 2026 [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Interest rate | 1.50% | 1.50% | |
Market yield on loans | 5.23% | ||
Interest rate risk [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of interest rate swaps in other comprehensive income | ₨ (26,000,000) | ||
Increase in fair value of interest rate swaps in other comprehensive income | 26,000,000 | ||
Interest rate risk [member] | Floating Interest Rate [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Additional interest expense on floating rate borrowing_interest rate sensitivity | 792,000,000 | ||
Interest rate risk [member] | Fixed And Floating Interest Rates [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Decrease in fair value of interest rate swaps in other comprehensive income | (211,000,000) | ||
Increase in fair value of interest rate swaps in other comprehensive income | 207,000,000 | ||
Currency risk [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase/decrease in results by change in foreign currencies compared to functional currency | ₨ 909,000,000 | ₨ 1,305,000,000 | |
Increase/decrease in the respective foreign currencies compared to functional currency | 1% | 1% | |
Increase in spot exchange rate of the Indian rupee with the U.S. dollar | ₨ 1 | ||
Decrease in spot exchange rate of the Indian rupee with the U.S. dollar | 1 | ||
Currency risk [member] | Indian Rupee [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase in the fair value of foreign currency dollar denominated derivative instruments | 2,801,000,000 | ||
Decrease in the fair value of foreign currency dollar denominated derivative instruments | 2,877,000,000 | ||
Increase in the fair value of foreign currency dollar denominated derivative instruments in statement of income | 987,000,000 | ||
Decrease in the fair value of foreign currency dollar denominated derivative instruments in statement of income | 987,000,000 | ||
Increase in the fair value of foreign currency dollar denominated derivative instruments in other comprehensive income | 1,814,000,000 | ||
Decrease in the fair value of foreign currency dollar denominated derivative instruments in other comprehensive income | ₨ 1,890,000,000 |
Financial Instruments - Summ_10
Financial Instruments - Summary of Foreign Currency Risk from Non-derivative Financial Instruments (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | ||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | ₨ 119,522 | ₨ 127,213 | ||||
Contract assets | 19,854 | 23,001 | ₨ 20,647 | |||
Cash and cash equivalents | 96,953 | $ 1,163 | 91,880 | ₨ 103,836 | ||
Other financial assets | 16,086 | 15,426 | ||||
Lease Liabilities | (23,183) | (24,573) | ||||
Currency risk [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 63,725 | 74,526 | ||||
Unbilled receivables | 29,689 | 28,325 | ||||
Contract assets | 13,326 | 16,760 | ||||
Cash and cash equivalents | 32,291 | 26,481 | ||||
Other financial assets | 16,984 | 44,295 | ||||
Lease Liabilities | (7,484) | (9,535) | ||||
Trade payables, accrued expenses and other financial liabilities | (57,653) | (50,359) | ||||
Non-derivative financial assets/ (liabilities), net | 90,878 | 130,493 | ||||
U.S.Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 35,193 | 42,312 | ||||
Unbilled receivables | 18,104 | 19,372 | ||||
Contract assets | 3,849 | 4,597 | ||||
Cash and cash equivalents | 19,008 | 10,048 | ||||
Other financial assets | 12,549 | 40,039 | ||||
Lease Liabilities | (2,976) | (4,022) | ||||
Trade payables, accrued expenses and other financial liabilities | (27,161) | (26,726) | ||||
Non-derivative financial assets/ (liabilities), net | 58,566 | 85,620 | ||||
EURO [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 12,315 | 13,758 | ||||
Unbilled receivables | 3,427 | 3,050 | ||||
Contract assets | 6,004 | 7,081 | ||||
Cash and cash equivalents | 4,672 | 5,810 | ||||
Other financial assets | 1,428 | 1,066 | ||||
Lease Liabilities | (2,764) | (2,998) | ||||
Trade payables, accrued expenses and other financial liabilities | (15,370) | (11,417) | ||||
Non-derivative financial assets/ (liabilities), net | 9,712 | 16,350 | ||||
Great British Pound [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 8,644 | 8,911 | ||||
Unbilled receivables | 3,250 | 2,360 | ||||
Contract assets | 2,341 | 3,077 | ||||
Cash and cash equivalents | 1,068 | 2,448 | ||||
Other financial assets | 197 | 1,234 | ||||
Lease Liabilities | (183) | (457) | ||||
Trade payables, accrued expenses and other financial liabilities | (9,533) | (6,120) | ||||
Non-derivative financial assets/ (liabilities), net | 5,784 | 11,453 | ||||
Australian Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 2,556 | 2,317 | ||||
Unbilled receivables | 1,694 | 1,431 | ||||
Contract assets | 495 | 632 | ||||
Cash and cash equivalents | 782 | 1,288 | ||||
Other financial assets | 207 | 136 | ||||
Lease Liabilities | (155) | (175) | ||||
Trade payables, accrued expenses and other financial liabilities | (1,624) | (1,329) | ||||
Non-derivative financial assets/ (liabilities), net | 3,955 | 4,300 | ||||
Canadian Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 819 | 1,567 | ||||
Unbilled receivables | 599 | 393 | ||||
Contract assets | 112 | 180 | ||||
Cash and cash equivalents | 3,441 | 2,643 | ||||
Other financial assets | 785 | 130 | ||||
Lease Liabilities | (137) | (118) | ||||
Trade payables, accrued expenses and other financial liabilities | (920) | (1,482) | ||||
Non-derivative financial assets/ (liabilities), net | 4,699 | 3,313 | ||||
Other currencies [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 4,198 | [1] | 5,661 | [2] | ||
Unbilled receivables | 2,615 | [1] | 1,719 | [2] | ||
Contract assets | 525 | [1] | 1,193 | [2] | ||
Cash and cash equivalents | 3,320 | [1] | 4,244 | [2] | ||
Other financial assets | 1,818 | [1] | 1,690 | [2] | ||
Lease Liabilities | (1,269) | [1] | (1,765) | [2] | ||
Trade payables, accrued expenses and other financial liabilities | (3,045) | [1] | (3,285) | [2] | ||
Non-derivative financial assets/ (liabilities), net | ₨ 8,162 | [1] | ₨ 9,457 | [2] | ||
[1] Other currencies reflect currencies such as Saudi Riyal, United Arab Emirates Dirham and Japanese Yen. (1) Other currencies reflect currencies such as Saudi Riyal, Singapore Dollar and Japanese Yen. |
Financial Instruments - Summ_11
Financial Instruments - Summary of Remaining Contractual Maturities of Significant Financial Liabilities at Reporting Date (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of maturity analysis for significant financial liabilities [line items] | |||
Loans, borrowings and bank overdrafts | [1] | ₨ 141,466 | ₨ 150,093 |
Lease Liabilities | [1] | 23,183 | 24,573 |
Trade payables and accrued expenses | 88,566 | 89,054 | |
Derivative liabilities | 562 | 3,004 | |
Other financial liabilities | [2] | 7,257 | 6,790 |
Loans, borrowings and bank overdrafts, undiscounted cash flows | [1] | 145,114 | 155,682 |
Lease Liabilities Undiscounted Cash Flows | [1] | 26,241 | 27,070 |
Trade payables and accrued expenses, undiscounted cash flows | 88,566 | 89,054 | |
Derivative liabilities, undiscounted cash flows | 562 | 3,004 | |
Other financial liabilities, undiscounted cash flows | [2] | 8,176 | 7,140 |
Interest on Loans, borrowings and bank overdrafts | [1] | (3,648) | (5,589) |
Interest on Lease Liabilities | [1] | (3,058) | (2,497) |
Interest expense on Trade payables and accrued expenses | 0 | 0 | |
Interest expense on Derivative liabilities | 0 | 0 | |
Interest on Other financial liabilities | [2] | (919) | (350) |
Not later than one year [member] | |||
Disclosure of maturity analysis for significant financial liabilities [line items] | |||
Loans, borrowings and bank overdrafts, undiscounted cash flows | [1] | 81,157 | 91,743 |
Lease Liabilities Undiscounted Cash Flows | [1] | 10,377 | 9,620 |
Trade payables and accrued expenses, undiscounted cash flows | 88,566 | 89,054 | |
Derivative liabilities, undiscounted cash flows | 558 | 2,825 | |
Other financial liabilities, undiscounted cash flows | [2] | 2,272 | 4,192 |
1-2 years [member] | |||
Disclosure of maturity analysis for significant financial liabilities [line items] | |||
Loans, borrowings and bank overdrafts, undiscounted cash flows | [1] | 938 | 924 |
Lease Liabilities Undiscounted Cash Flows | [1] | 6,670 | 7,130 |
Trade payables and accrued expenses, undiscounted cash flows | 0 | 0 | |
Derivative liabilities, undiscounted cash flows | 4 | 153 | |
Other financial liabilities, undiscounted cash flows | [2] | 601 | 1,587 |
2-4 years [member] | |||
Disclosure of maturity analysis for significant financial liabilities [line items] | |||
Loans, borrowings and bank overdrafts, undiscounted cash flows | [1] | 63,019 | 63,015 |
Lease Liabilities Undiscounted Cash Flows | [1] | 5,504 | 7,233 |
Trade payables and accrued expenses, undiscounted cash flows | 0 | 0 | |
Derivative liabilities, undiscounted cash flows | 0 | 26 | |
Other financial liabilities, undiscounted cash flows | [2] | 2,513 | 951 |
Beyond 4 years [member] | |||
Disclosure of maturity analysis for significant financial liabilities [line items] | |||
Loans, borrowings and bank overdrafts, undiscounted cash flows | [1] | 0 | 0 |
Lease Liabilities Undiscounted Cash Flows | [1] | 3,690 | 3,087 |
Trade payables and accrued expenses, undiscounted cash flows | 0 | 0 | |
Derivative liabilities, undiscounted cash flows | 0 | 0 | |
Other financial liabilities, undiscounted cash flows | [2] | ₨ 2,790 | ₨ 410 |
[1] Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. Includes future cash outflow towards estimated interest on contingent consideration and liability on written put options to non-controlling interests. |
Financial Instruments - Summ_12
Financial Instruments - Summary of Balanced View of Liquidity and Financial Indebtedness (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [abstract] | |||||
Cash and cash equivalents | ₨ 96,953 | $ 1,163 | ₨ 91,880 | ₨ 103,836 | |
Investments - current | 311,171 | 309,232 | |||
Loans, borrowings and bank overdrafts | [1] | (141,466) | (150,093) | ||
Net cash position | ₨ 266,658 | ₨ 251,019 | |||
[1] Includes future cash outflow towards estimated interest on loans, borrowings and bank overdrafts, and lease liabilities. |
Foreign currency translation _3
Foreign currency translation reserve and Other reserves - Summary of Movement in Foreign Currency Translation Reserve Attributable to Equity Holders (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | ||||
Disclosure of foreign currency translation reserves [line items] | |||||||
Balance at the beginning of the year | ₨ 781,753 | ₨ 658,673 | ₨ 554,593 | ||||
Translation difference related to foreign operations, net | 4,219 | $ 51 | 16,590 | 4,121 | |||
Reclassification of foreign currency translation differences on sale of investment in associates and liquidation of subsidiaries to statement of income | (198) | (2) | (133) | (158) | |||
Balance at the end of the year | 751,223 | 9,014 | 781,753 | 658,673 | |||
Foreign currency translation reserve [member] | |||||||
Disclosure of foreign currency translation reserves [line items] | |||||||
Balance at the beginning of the year | 43,255 | [1] | 26,850 | [1] | 22,936 | ||
Translation difference related to foreign operations, net | 4,204 | 16,538 | |||||
Reclassification of foreign currency translation differences on sale of investment in associates and liquidation of subsidiaries to statement of income | (198) | (133) | |||||
Balance at the end of the year | ₨ 47,261 | $ 567 | ₨ 43,255 | [1] | ₨ 26,850 | [1] | |
[1] Refer to Note 20 |
Foreign currency translation _4
Foreign currency translation reserve and Other reserves - Summary Of Movement In Other Reserve (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of reserves within equity [line items] | ||||
Beginning balance | ₨ 53,100 | |||
Other comprehensive income | 7,127 | $ 86 | ₨ 11,095 | ₨ 11,600 |
Ending balance | 56,693 | $ 680 | 53,100 | |
Remeasurements of the defined benefit plans | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | (548) | (498) | (897) | |
Other comprehensive income | 262 | (50) | 399 | |
Ending balance | (286) | (548) | (498) | |
Investment in Debt instruments measured at fair value through OCI | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | (119) | 3,018 | 4,237 | |
Other comprehensive income | 1,516 | (3,137) | (1,219) | |
Ending balance | 1,397 | (119) | 3,018 | |
Investment in Equity instruments measured at fair value through OCI | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | 10,793 | 10,088 | 1,378 | |
Other comprehensive income | (473) | 705 | 8,710 | |
Ending balance | 10,320 | 10,793 | 10,088 | |
Capital Redemption Reserve [Member] | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | 1,122 | 1,122 | 1,122 | |
Buyback of equity shares | 539 | |||
Ending balance | 1,661 | ₨ 1,122 | ₨ 1,122 | |
Gross obligation to non-controlling interests under put options | ||||
Disclosure of reserves within equity [line items] | ||||
Addition through Business combination | (4,238) | |||
Ending balance | ₨ (4,238) |
Income Taxes - Summary of Alloc
Income Taxes - Summary of Allocation of Income Tax Expense to Comprehensive Income (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Major components of tax expense (income) [abstract] | ||||
Income tax expense as per the statement of income | ₨ 36,089 | $ 433 | ₨ 33,992 | ₨ 28,946 |
Income tax included in other comprehensive income on: | ||||
Gains/(losses) on investment securities | 259 | (275) | 242 | |
Gains/(losses) on cash flow hedging derivatives | 554 | (825) | 14 | |
Remeasurements of the defined benefit plans | 111 | (16) | 3 | |
Total income taxes | ₨ 37,013 | ₨ 32,876 | ₨ 29,205 |
Income Taxes - Summary of Compo
Income Taxes - Summary of Components of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Major components of tax expense (income) [abstract] | ||||
Current taxes | ₨ 34,973 | ₨ 32,198 | ₨ 32,415 | |
Deferred taxes | 1,116 | 1,794 | (3,469) | |
Income tax expense | ₨ 36,089 | $ 433 | ₨ 33,992 | ₨ 28,946 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - INR (₨) ₨ / shares in Units, ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of income tax expense [line items] | |||
Deferred tax asset of unused tax losses not recognized | ₨ 10,676 | ₨ 9,321 | |
Tax loss carry-forwards | 43,785 | 38,564 | |
Tax loss carry-forwards not currently subject to expiration dates | 40,409 | 35,621 | |
Tax loss carry-forwards expires in various years | ₨ 3,376 | 2,943 | |
Tax loss carry-forwards expiration period | 2043 | ||
Deferred tax liabilities on cumulative earnings of subsidiaries | ₨ 88,742 | 108,724 | |
Decrease of current tax expense due to tax holidays | ₨ 14,308 | ₨ 16,718 | ₨ 16,483 |
Tax incentives per share | ₨ 2.71 | ₨ 3.05 | ₨ 3.02 |
Branch profit tax percentage | 15% | ||
Expiry of tax holiday period | 2034-35 | ||
Effective minimum alternative tax rate percentage | 17.47% | ||
Term over which minimum alternative tax is eligible to be carried forward | 15 years | ||
Unused tax losses [member] | |||
Disclosure of income tax expense [line items] | |||
Recognized deferred tax assets of loss carry forward | ₨ 1,254 | ₨ 2,624 |
Income Taxes - Summary of Recon
Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||||
Profit before tax | ₨ 147,210 | $ 1,766 | ₨ 147,657 | ₨ 151,275 |
Enacted income tax rate in India | 34.94% | 34.94% | 34.94% | 34.94% |
Computed expected tax expense | ₨ 51,435 | ₨ 51,591 | ₨ 52,855 | |
Income exempt from tax | (14,897) | (17,398) | (17,503) | |
Basis differences that will reverse during a tax holiday period | (202) | 268 | 1,348 | |
Income taxed at higher/ (lower) rates | (7,497) | (3,818) | (5,649) | |
Taxes related to prior years | 2,567 | (536) | (5,499) | |
Changes in unrecognized deferred tax assets | 1,092 | 618 | 669 | |
Expenses disallowed for tax purpose | 3,945 | 3,563 | 2,898 | |
Others, net | (354) | (296) | (173) | |
Income tax expense | ₨ 36,089 | $ 433 | ₨ 33,992 | ₨ 28,946 |
Effective income tax rate | 24.52% | 24.52% | 23.02% | 19.13% |
Income Taxes - Summary of Com_2
Income Taxes - Summary of Components of Deferred Tax Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | ||||
Carry forward losses | [1] | ₨ 1,254 | ₨ 2,624 | |
Trade payables, accrued expenses and other liabilities | 5,793 | 6,367 | ||
Allowances for lifetime expected credit loss | 1,618 | 1,743 | ||
Cash flow hedges | 0 | 359 | ||
Others | 94 | 0 | ||
Deferred tax assets, Gross | 8,759 | 11,093 | ||
Property, plant and equipment | (912) | (911) | ||
Amortizable goodwill | (4,909) | (3,855) | ||
Intangible assets | (8,601) | (10,170) | ||
Interest income and fair value movement of investments | (1,347) | (1,170) | ||
Contract liabilities | (625) | (370) | ||
Special Economic Zone re-investment reserve | (7,820) | (7,237) | ||
Cash flow hedges | (195) | 0 | ||
Others | 0 | (433) | ||
Deferred tax liability, Gross | (24,409) | (24,146) | ||
Deferred tax liabilities, net | (15,650) | (13,053) | ||
Deferred tax assets | 1,817 | $ 22 | 2,100 | |
Deferred tax liabilities | ₨ (17,467) | $ (210) | ₨ (15,153) | |
[1] Includes deferred tax asset recognized on carry forward losses pertaining to business combinations. |
Income Taxes - Movement in Defe
Income Taxes - Movement in Deferred Tax Assets and Liabilities (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | ₨ (13,053) | ₨ (9,843) | ₨ (2,969) |
Credit/(charge) in the consolidated statement of income | (1,116) | (1,794) | 3,469 |
Credit/(charge) in other comprehensive income | (924) | 1,116 | (259) |
On account of Business combinations and others | (388) | (1,616) | (9,829) |
Translation adjustment | (169) | (916) | (255) |
Ending balance | (15,650) | (13,053) | (9,843) |
Carry forward losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 2,624 | 2,144 | 1,637 |
Credit/(charge) in the consolidated statement of income | (1,384) | 397 | 1,083 |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 0 | (677) | |
Translation adjustment | 14 | 83 | 101 |
Ending balance | 1,254 | 2,624 | 2,144 |
Trade payables, accrued expenses and other liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 6,367 | 6,103 | 5,115 |
Credit/(charge) in the consolidated statement of income | (477) | 99 | 363 |
Credit/(charge) in other comprehensive income | (111) | 16 | (3) |
On account of Business combinations and others | (4) | 584 | |
Translation adjustment | 18 | 149 | 44 |
Ending balance | 5,793 | 6,367 | 6,103 |
Allowances for lifetime expected credit loss [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 1,743 | 2,987 | 3,208 |
Credit/(charge) in the consolidated statement of income | (129) | (1,234) | (248) |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 0 | ||
Translation adjustment | 4 | (10) | 27 |
Ending balance | 1,618 | 1,743 | 2,987 |
Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (911) | (1,058) | (1,268) |
Credit/(charge) in the consolidated statement of income | (1) | 202 | 289 |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 0 | (49) | |
Translation adjustment | 0 | (55) | (30) |
Ending balance | (912) | (911) | (1,058) |
Amortizable goodwill [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (3,855) | (3,285) | (2,065) |
Credit/(charge) in the consolidated statement of income | (993) | (299) | (1,129) |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 0 | ||
Translation adjustment | (61) | (271) | (91) |
Ending balance | (4,909) | (3,855) | (3,285) |
Intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (10,170) | (9,645) | (1,249) |
Credit/(charge) in the consolidated statement of income | 2,067 | 1,947 | 1,910 |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | (367) | (1,750) | (10,094) |
Translation adjustment | (131) | (722) | (212) |
Ending balance | (8,601) | (10,170) | (9,645) |
Interest income and fair value movement of investments [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,170) | (1,067) | (1,582) |
Credit/(charge) in the consolidated statement of income | 82 | (367) | 424 |
Credit/(charge) in other comprehensive income | (259) | 275 | (242) |
On account of Business combinations and others | 0 | 336 | |
Translation adjustment | 0 | (11) | (3) |
Ending balance | (1,347) | (1,170) | (1,067) |
Cash flow hedges [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 359 | (466) | (452) |
Credit/(charge) in the consolidated statement of income | 0 | ||
Credit/(charge) in other comprehensive income | (554) | 825 | (14) |
On account of Business combinations and others | 0 | ||
Translation adjustment | 0 | 0 | 0 |
Ending balance | (195) | 359 | (466) |
Contract asset / (Contract liabilities) [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (370) | (60) | 91 |
Credit/(charge) in the consolidated statement of income | (257) | (298) | (205) |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 5 | 47 | |
Translation adjustment | (3) | (12) | 7 |
Ending balance | (625) | (370) | (60) |
Special Economic Zone re-investment reserve [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (7,237) | (5,549) | (6,494) |
Credit/(charge) in the consolidated statement of income | (583) | (1,688) | 945 |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | 0 | ||
Translation adjustment | 0 | 0 | 0 |
Ending balance | (7,820) | (7,237) | (5,549) |
Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (433) | 53 | 90 |
Credit/(charge) in the consolidated statement of income | 559 | (553) | 37 |
Credit/(charge) in other comprehensive income | 0 | ||
On account of Business combinations and others | (22) | 134 | 24 |
Translation adjustment | (10) | (67) | (98) |
Ending balance | ₨ 94 | ₨ (433) | ₨ 53 |
Dividends and Buyback of equi_2
Dividends and Buyback of equity shares - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 25, 2022 ₨ / shares | Mar. 31, 2024 INR (₨) ₨ / shares shares | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) ₨ / shares | Mar. 31, 2022 INR (₨) ₨ / shares | |
Disclosure of dividends [line items] | |||||
Cash dividends paid per equity share | ₨ / shares | ₨ 5 | ₨ 1 | ₨ 6 | ₨ 1 | |
Number of shares approved for buyback | shares | 269,662,921 | ||||
Buy back shares per share | ₨ / shares | ₨ 445 | ||||
Total cash outflow on buyback of shares | ₨ 145,173 | ||||
Payments on buyback of shares | 145,173 | $ 1,742 | ₨ 0 | ₨ 0 | |
Reduction in share capital related to buyback | 539 | ||||
Tax on Buyback of Shares | 24,783 | ||||
Transaction costs related to buyback | 390 | ||||
Securities premium reserve [member] | |||||
Disclosure of dividends [line items] | |||||
Payments on buyback of shares | 3,768 | ||||
Retained earnings [member] | |||||
Disclosure of dividends [line items] | |||||
Payments on buyback of shares | 141,405 | ||||
Capital Redemption Reserve [Member] | |||||
Disclosure of dividends [line items] | |||||
Payments on buyback of shares | ₨ 539 |
Additional Capital Disclosure_2
Additional Capital Disclosures - Summary of Capital Structure (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) |
Disclosure of Capital Structure [line items] | |||
Equity attributable to the equity shareholders of the Company | ₨ 749,883 | $ 8,998 | ₨ 781,164 |
As percentage of total capital | 82% | 82% | 82% |
Current loans, borrowings and bank overdrafts | ₨ 79,166 | $ 950 | ₨ 88,821 |
Non-current loans and borrowings | 62,300 | $ 748 | 61,272 |
Current and non-current lease liabilities | 23,183 | 24,573 | |
Total loans, borrowings and bank overdrafts and lease liabilities | ₨ 164,649 | ₨ 174,666 | |
As percentage of total capital | 18% | 18% | 18% |
Total capital | ₨ 914,532 | ₨ 955,830 | |
Percentage of change, Equity attributable to the equity shareholders of the Company | (4.00%) | (4.00%) | |
Change in percentage of loans, borrowings and bank overdrafts and lease liabilities | (5.70%) | (5.70%) | |
Percentage of change, Total capital (loans and borrowings and equity) | (4.30%) | (4.30%) |
Additional Capital Disclosure_3
Additional Capital Disclosures - Additional Information (Detail) | Mar. 31, 2024 | Mar. 31, 2023 |
Capital structure [abstract] | ||
Loans and borrowings as a percentage of total capital | 15% | 16% |
Revenue - Schedule of Changes i
Revenue - Schedule of Changes in Contract Assets and Contract Liabilities Balance (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Contract Assets | ||
Balance at the beginning of the year | ₨ 23,001 | ₨ 20,647 |
Amount reclassified to receivables pertaining to fixed price development contracts on completion of milestones | (18,139) | (15,541) |
Increase due to revenue recognized during the year | 14,896 | 17,496 |
Translation adjustment | 96 | 399 |
Balance at the end of the year | 19,854 | 23,001 |
Contract Liabilities | ||
Balance at the beginning of the year | 22,682 | 27,915 |
Revenue recognized from opening balance of contract liabilities | (19,815) | (21,696) |
Increase due to invoicing during the year | 14,761 | 16,063 |
Translation adjustment | 25 | 400 |
Balance at the end of the year | ₨ 17,653 | ₨ 22,682 |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Text Blocks Abstract | |||
Transaction price allocated to remaining performance obligations | ₨ 318,756 | ₨ 317,612 | ₨ 328,191 |
Percentage of transaction price allocated to remaining performance obligation as revenues | 66% | 66% | 59% |
Explanation of when entity expects to recognise transaction price allocated to remaining performance obligations as revenue | 59%, 66% and 66%, respectively is expected to be recognized as revenues within two years, and the remainder thereafter. | 59%, 66% and 66%, respectively is expected to be recognized as revenues within two years, and the remainder thereafter. | 59%, 66% and 66%, respectively is expected to be recognized as revenues within two years, and the remainder thereafter. |
Revenue - Schedule of Disaggreg
Revenue - Schedule of Disaggregation of Revenues (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₨ 897,603 | ₨ 904,876 | ₨ 790,934 |
Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 501,947 | 501,204 | 454,555 |
Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 391,529 | 397,625 | 330,206 |
IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 893,476 | 898,829 | 784,761 |
IT services [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 501,947 | 501,204 | 454,555 |
IT services [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 391,529 | 397,625 | 330,206 |
IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 268,131 | 260,143 | 216,843 |
IT services [member] | Americas1 [Member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 150,253 | 150,188 | 121,656 |
IT services [member] | Americas1 [Member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 117,878 | 109,955 | 95,187 |
IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 269,387 | 277,024 | 238,123 |
IT services [member] | Americas2 [Member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 140,676 | 141,397 | 131,975 |
IT services [member] | Americas2 [Member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 128,711 | 135,627 | 106,148 |
IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 253,817 | 255,435 | 232,021 |
IT services [member] | Europe [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 149,007 | 146,280 | 139,031 |
IT services [member] | Europe [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 104,810 | 109,155 | 92,990 |
IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 102,141 | 106,227 | 97,774 |
IT services [member] | APMEA [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 62,011 | 63,339 | 61,893 |
IT services [member] | APMEA [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 40,130 | 42,888 | 35,881 |
IT products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,127 | 6,047 | 6,173 |
Rendering of services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 893,476 | 898,829 | 784,761 |
Rendering of services [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 893,476 | 898,829 | 784,761 |
Rendering of services [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 268,131 | 260,143 | 216,843 |
Rendering of services [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 269,387 | 277,024 | 238,123 |
Rendering of services [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 253,817 | 255,435 | 232,021 |
Rendering of services [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 102,141 | 106,227 | 97,774 |
Sales of products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,127 | 6,047 | 6,173 |
Sales of products [member] | IT products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,127 | 6,047 | 6,173 |
Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,127 | 6,047 | 6,173 |
Products [member] | IT products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,127 | 6,047 | 6,173 |
Banking Financial Services and Insurance [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 298,701 | 314,845 | 273,360 |
Banking Financial Services and Insurance [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 2,462 | 4,611 | 2,609 |
Banking Financial Services and Insurance [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 165,002 | 171,085 | 144,076 |
Banking Financial Services and Insurance [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 95,475 | 102,741 | 93,039 |
Banking Financial Services and Insurance [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 35,762 | 36,408 | 33,636 |
Health [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 118,311 | 105,201 | 91,143 |
Health [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 95,496 | 82,992 | 73,542 |
Health [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 162 | 213 | 127 |
Health [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 17,699 | 17,896 | 13,975 |
Health [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,954 | 4,100 | 3,499 |
Consumer [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 167,212 | 169,765 | 139,178 |
Consumer [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 102,439 | 109,398 | 89,824 |
Consumer [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 5,351 | 4,087 | 2,589 |
Consumer [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 43,035 | 38,010 | 31,718 |
Consumer [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 16,387 | 18,270 | 15,047 |
Communications [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 37,335 | 42,373 | 38,581 |
Communications [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 11,979 | 13,059 | 9,387 |
Communications [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,287 | 1,399 | 1,207 |
Communications [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 11,396 | 13,510 | 12,952 |
Communications [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 12,673 | 14,405 | 15,035 |
Energy, Natural Resources and Utilities [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 105,553 | 103,099 | 95,038 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,317 | 739 | 712 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 42,032 | 39,949 | 36,413 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 41,165 | 39,767 | 38,421 |
Energy, Natural Resources and Utilities [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 21,039 | 22,644 | 19,492 |
Manufacturing [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 61,541 | 61,782 | 53,599 |
Manufacturing [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 91 | 163 | 199 |
Manufacturing [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 31,620 | 33,148 | 26,662 |
Manufacturing [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 25,482 | 24,732 | 23,220 |
Manufacturing [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,348 | 3,739 | 3,518 |
Technology [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 104,823 | 101,764 | 93,862 |
Technology [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 54,347 | 49,181 | 40,570 |
Technology [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 23,933 | 27,143 | 27,049 |
Technology [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 19,565 | 18,779 | 18,696 |
Technology [member] | IT services [member] | APMEA [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₨ 6,978 | ₨ 6,661 | ₨ 7,547 |
Expenses by Nature - Summary of
Expenses by Nature - Summary of Expenses by Nature (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |||||
Expenses by nature [abstract] | ||||||||
Employee compensation | ₨ 549,301 | ₨ 537,644 | ₨ 450,075 | |||||
Sub-contracting and technical fees | 103,030 | 115,247 | 108,589 | |||||
Cost of hardware and software | 4,116 | 6,627 | 6,431 | |||||
Travel | 15,102 | 14,445 | 7,320 | |||||
Facility expenses | 14,556 | 13,492 | 11,990 | |||||
Software license expense for internal use | 18,378 | 18,717 | 13,279 | |||||
Depreciation, amortization and impairment | [1] | 34,071 | 33,402 | 30,911 | ||||
Communication | 4,878 | 5,911 | 5,760 | |||||
Legal and professional fees | 9,559 | 13,288 | 15,026 | |||||
Rates, taxes and insurance | 5,993 | 5,905 | 4,548 | |||||
Marketing and brand building | 3,555 | 2,951 | 2,010 | |||||
Lifetime expected credit loss/ (write-back) | 640 | (604) | (797) | |||||
(Gain)/loss on sale of property, plant and equipment, net | (2,072) | [2] | $ (25) | (89) | [2] | (313) | [2] | |
Miscellaneous expenses | [2],[3] | 737 | 2,806 | 2,360 | ||||
Total cost of revenues, selling and marketing expenses and general and administrative expenses | ₨ 761,844 | ₨ 769,742 | ₨ 657,189 | |||||
[1] Depreciation, amortization, and impairment includes an impairment charge on intangible assets amounting to ₹ Nil , ₹ 1,816 and ₹ 1,701 , for the years ended March 31, 2022, 2023 and 2024, respectively. (Refer to Note 6) (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ ( 2,357 ). Miscellaneous expenses are net of reversals of contingent consideration (Refer to Note 19). |
Expenses by Nature - Summary _2
Expenses by Nature - Summary of Expenses by Nature (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure Of Expense [line items] | |||
Impairment charge on intangible assets | ₨ 1,701 | ₨ 1,816 | ₨ 0 |
Gain on sale of immovable properties | ₨ (2,357) |
Other Operating Income_(Loss)_2
Other Operating Income/(Loss), Net - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of other operating income [line items] | ||||
Change in fair value of the callable units | ₨ 1,233 | |||
Income tax relating to investment securities included in other comprehensive income | ₨ 259 | ₨ (275) | 242 | |
Consideration | ₨ 0 | $ 0 | ₨ 0 | 1,652 |
Denim group [member] | ||||
Disclosure of other operating income [line items] | ||||
Consideration | 1,652 | |||
Cumulative gain loss on disposal of investments in equity method | 953 | |||
Ensono holdings, llc [member] | ||||
Disclosure of other operating income [line items] | ||||
Cumulative gain loss on disposal of investments in equity instruments designated at fair value through other comprehensive income | 1,252 | |||
Income tax relating to investment securities included in other comprehensive income | 430 | |||
Consideration | ₨ 5,628 |
Finance Expenses - Summary of F
Finance Expenses - Summary of Finance Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | ||
Disclosure of finance expense [abstract] | |||||
Interest expense | [1] | ₨ 12,552 | ₨ 10,077 | ₨ 5,325 | |
Total | ₨ 12,552 | $ 151 | ₨ 10,077 | ₨ 5,325 | |
[1] Refer to Note 5 for Interest expenses on lease liabilities. |
Finance and Other Income and _3
Finance and Other Income and Foreign Exchange Gains/(Losses), Net - Summary of Finance and Other Income and Foreign Exchange Gains/(Losses), Net (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of finance and other income and Foreign exchange gains/(losses), net [abstract] | ||||
Interest income | ₨ 19,478 | ₨ 16,889 | ₨ 13,114 | |
Dividend income from equity investments designated as FVTOCI | 3 | 3 | 2 | |
Exchange fluctuation gain on foreign currency borrowings | 0 | 0 | 1,485 | |
Net gain from investments classified as FVTPL | 4,558 | 1,344 | 1,270 | |
Net gain/(loss) from investments classified as FVTOCI | (143) | (51) | 386 | |
Finance and other income | 23,896 | $ 287 | 18,185 | 16,257 |
Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL | 650 | (4,342) | 808 | |
Other foreign exchange gains/(losses), net | (310) | 8,814 | 3,547 | |
Foreign exchange gains/(losses), net | ₨ 340 | $ 4 | ₨ 4,472 | ₨ 4,355 |
Earnings Per Equity Share - Sum
Earnings Per Equity Share - Summary of Basic Earnings Per Share (Detail) ₨ / shares in Units, $ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) ₨ / shares shares | Mar. 31, 2024 USD ($) $ / shares shares | Mar. 31, 2023 INR (₨) ₨ / shares shares | Mar. 31, 2022 INR (₨) ₨ / shares shares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 110,452 | $ 1,325 | ₨ 113,500 | ₨ 122,191 |
Weighted average number of equity shares outstanding | 5,288,285,555 | 5,288,285,555 | 5,477,466,573 | 5,466,705,840 |
Basic earnings per equity share | (per share) | ₨ 20.89 | $ 0.25 | ₨ 20.73 | ₨ 22.35 |
Earnings Per Equity Share - S_2
Earnings Per Equity Share - Summary of Diluted Earnings Per Share (Detail) ₨ / shares in Units, $ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) ₨ / shares shares | Mar. 31, 2024 USD ($) $ / shares shares | Mar. 31, 2023 INR (₨) ₨ / shares shares | Mar. 31, 2022 INR (₨) ₨ / shares shares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 110,452 | $ 1,325 | ₨ 113,500 | ₨ 122,191 |
Weighted average number of equity shares outstanding | 5,288,285,555 | 5,288,285,555 | 5,477,466,573 | 5,466,705,840 |
Effect of dilutive equivalent share options | 17,426,759 | 17,426,759 | 11,524,602 | 15,377,598 |
Weighted average number of equity shares for diluted earnings per share | 5,305,712,314 | 5,305,712,314 | 5,488,991,175 | 5,482,083,438 |
Diluted earnings per equity share | (per share) | ₨ 20.82 | $ 0.25 | ₨ 20.68 | ₨ 22.29 |
Employee Stock Incentive Plan_2
Employee Stock Incentive Plans - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions | 12 Months Ended | ||||
Mar. 31, 2024 INR (₨) shares ₨ / shares | Mar. 31, 2023 INR (₨) shares ₨ / shares | Mar. 31, 2022 INR (₨) shares ₨ / shares | Mar. 31, 2021 shares | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Stock compensation expense recognized | ₨ | [1] | ₨ 5,590 | ₨ 3,958 | ₨ 4,164 | |
Employee restricted stock unit option plans [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Options vesting period description | one to three years | ||||
Weighted-average grant-date fair value of options granted | ₨ / shares | ₨ 387.67 | ₨ 422.37 | ₨ 603.47 | ||
Weighted average share price of options exercised | ₨ / shares | ₨ 422.87 | ₨ 421.06 | ₨ 604.47 | ||
Treasury shares [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Shares held by Wipro equity reward trust | 5,952,740 | 9,895,836 | 14,689,729 | 19,401,215 | |
WSRUP 2007 Plan [member] | Performance based restricted stock units [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Number based stock options granted | 1,892,498 | 0 | 1,135,949 | ||
WARSUP 2004 Plan [member] | Performance based ADS [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Number based stock options granted | 5,659,164 | 0 | 2,941,546 | ||
[1] Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. |
Employee Stock Incentive Plan_3
Employee Stock Incentive Plans - Summary of General Terms of Grants Under Restricted Stock Unit Option Plans (Detail) | 12 Months Ended | |||||
Mar. 31, 2024 shares $ / shares | Mar. 31, 2024 shares $ / shares ₨ / shares | Mar. 31, 2023 shares ₨ / shares $ / shares | Mar. 31, 2022 shares | Mar. 31, 2024 shares ₨ / shares | ||
Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | [1] | 59,797,979 | 59,797,979 | 59,797,979 | ||
Range of Exercise Prices | $ / shares | [1] | $ 0.03 | $ 0.03 | |||
Outstanding at the end of the year | $ / shares | [1] | $ 0.03 | ||||
Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | [1] | 59,797,979 | 59,797,979 | 59,797,979 | ||
Range of Exercise Prices | [1] | ₨ 2 | ||||
Outstanding at the end of the year | [1] | $ 2 | ||||
Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | [1] | 49,831,651 | 49,831,651 | 49,831,651 | ||
Range of Exercise Prices | [1] | ₨ 2 | ||||
Outstanding at the end of the year | [1] | $ 2 | ||||
Employee Restricted Stock Unit Option Plans [Member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Numbers, Outstanding at the beginning of the year | shares | 11,800 | 11,800 | 24,600 | 78,199 | ||
Numbers, Exercised | shares | (4,800) | (4,800) | (12,800) | (46,133) | ||
Numbers, Outstanding at the end of the year | shares | 7,000 | 7,000 | 11,800 | 24,600 | ||
Numbers, Exercisable at the end of the year | shares | 7,000 | 7,000 | 7,600 | 2,800 | 7,000 | |
Employee Restricted Stock Unit Option Plans [Member] | Exercise Price Rs. 2 [Member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Outstanding at the beginning of the year | $ 2 | |||||
Range of Exercise Prices | ₨ 2 | |||||
Granted | [2] | 2 | ||||
Adjustment of Performance based stock options on completion of performance measurement period | 2 | |||||
Forfeited and expired | ₨ 2 | |||||
Outstanding at the end of the year | 2 | ₨ 2 | ||||
Exercisable at the end of the year | $ 2 | |||||
Numbers, Outstanding at the beginning of the year | 8,452,491 | 8,452,491 | 12,242,672 | 15,831,948 | ||
Numbers, Granted | [2] | 5,237,166 | 5,237,166 | 2,756,820 | 2,500,481 | |
Adjustment of Performance based stock options on completion of performance measurement period | shares | (655,831) | (655,831) | (343,451) | 608,435 | ||
Numbers, Exercised | (4,151,654) | (4,151,654) | (4,910,689) | (4,712,311) | ||
Numbers, Forfeited and expired | (1,146,503) | (1,146,503) | (1,292,861) | (1,985,881) | ||
Numbers, Outstanding at the end of the year | 7,735,669 | 7,735,669 | 8,452,491 | 12,242,672 | ||
Numbers, Exercisable at the end of the year | 1,905,001 | 1,905,001 | 2,806,799 | 2,478,568 | 1,905,001 | |
Employee Restricted Stock Unit Option Plans [Member] | Exercise Price Range 0.03 [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Outstanding at the beginning of the year | $ / shares | $ 0.03 | |||||
Range of Exercise Prices | $ / shares | 0.03 | $ 0.03 | ₨ 0.03 | |||
Granted | $ / shares | [2] | 0.03 | ||||
Adjustment of Performance based stock options on completion of performance measurement period | $ / shares | 0.03 | |||||
Exercised | (per share) | 0.03 | $ 2 | ||||
Forfeited and expired | $ / shares | 0.03 | $ 0.03 | ||||
Outstanding at the end of the year | $ / shares | 0.03 | |||||
Exercisable at the end of the year | $ / shares | $ 0.03 | |||||
Numbers, Outstanding at the beginning of the year | 16,457,558 | 16,457,558 | 17,511,902 | 10,822,476 | ||
Numbers, Granted | [2] | 14,546,143 | 14,546,143 | 8,440,980 | 10,470,026 | |
Adjustment of Performance based stock options on completion of performance measurement period | shares | (1,807,750) | (1,807,750) | (943,333) | 570,076 | ||
Numbers, Exercised | (6,674,868) | (6,674,868) | (5,730,830) | (2,930,735) | ||
Numbers, Forfeited and expired | (3,669,857) | (3,669,857) | (2,821,161) | (1,419,941) | ||
Numbers, Outstanding at the end of the year | 18,851,226 | 18,851,226 | 16,457,558 | 17,511,902 | ||
Numbers, Exercisable at the end of the year | 2,038,346 | 2,038,346 | 1,329,682 | 1,072,118 | 2,038,346 | |
[1] The maximum contractual term for these RSUs option plans is perpetual until the options are available for grant under the plan. (1) Includes 1,135,949 , Nil and 1,892,498 Performance based stock options (RSUs) during the year ended March 31, 2022, 2023 and 2024, respectively. 2,941,546 , Nil and 5,659,164 Performance based stock options (ADS) during the year ended March 31, 2022, 2023 and 2024, respectively. Performance based stock options (RSUs) were issued under Wipro Employee Restricted Stock Unit plan 2007 (WSRUP 2007 plan) and Performance based stock options (ADS) were issued under Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan). Performance based stock options will vest based on the performance parameters of the Company. |
Employee Stock Incentive Plan_4
Employee Stock Incentive Plans - Summary of Activities in Cash Settled Restricted Stock Unit Option Plans (Detail) - Employee restricted stock unit option plans [member] - shares | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Numbers, Outstanding at the beginning of the year | 11,800 | 24,600 | 78,199 |
Numbers, Exercised | (4,800) | (12,800) | (46,133) |
Forfeited and lapsed | 0 | 0 | (7,466) |
Numbers, Outstanding at the end of the year | 7,000 | 11,800 | 24,600 |
Exercisable at the end of the year | 7,000 | 7,600 | 2,800 |
Employee Stock Incentive Plan_5
Employee Stock Incentive Plans - Schedule of general terms of grants under restricted stock unit option plans (Detail) - Employee restricted stock unit option plans [member] | 12 Months Ended | ||||||
Mar. 31, 2024 shares ₨ / shares | Mar. 31, 2023 shares ₨ / shares | Mar. 31, 2022 shares ₨ / shares | Mar. 31, 2024 shares $ / shares | Mar. 31, 2023 shares $ / shares | Mar. 31, 2022 shares $ / shares | Mar. 31, 2021 shares | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||||||
Number of outstanding share options | shares | 7,000 | 11,800 | 24,600 | 7,000 | 11,800 | 24,600 | 78,199 |
Exercise Price Rs. 2 [Member] | |||||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||||||
Number of outstanding share options | 7,735,669 | 8,452,491 | 12,242,672 | 7,735,669 | 8,452,491 | 12,242,672 | |
Weighted average remaining life (Months) | 18 months | 14 months | 13 months | ||||
Weighted average exercise price | ₨ / shares | ₨ 2 | ₨ 2 | ₨ 2 | ||||
Exercise Price US $ 0.03 [Member] | |||||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||||||
Number of outstanding share options | 18,851,226 | 16,457,558 | 17,511,902 | 18,851,226 | 16,457,558 | 17,511,902 | |
Weighted average remaining life (Months) | 20 months | 21 months | 20 months | ||||
Weighted average exercise price | $ / shares | $ 0.03 | $ 0.03 | $ 0.03 |
Employee Benefits - Summary of
Employee Benefits - Summary of Employee Costs (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | ||
Disclosure of defined benefit plans [abstract] | ||||
Salaries and bonus | ₨ 524,484 | ₨ 516,063 | ₨ 429,837 | |
Employee benefits plans | 19,227 | 17,623 | 16,074 | |
Share based compensation | [1] | 5,590 | 3,958 | 4,164 |
Total employee cost | ₨ 549,301 | ₨ 537,644 | ₨ 450,075 | |
[1] Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. |
Employee Benefits - Summary o_2
Employee Benefits - Summary of Employee Benefit Costs (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 549,301 | ₨ 537,644 | ₨ 450,075 |
Cost of revenues [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 459,466 | 456,759 | 382,446 |
Selling and marketing expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 51,224 | 46,840 | 41,339 |
General and administrative expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 38,611 | ₨ 34,045 | ₨ 26,290 |
Employee Benefits - Summary o_3
Employee Benefits - Summary of Defined Benefit Plan Actuarial (Gains)/ Losses Recognized in Other Comprehensive Income (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | |||
Return on plan assets excluding interest income-loss/(Gain) | ₨ (675) | ₨ 626 | ₨ (30) |
Actuarial loss/(gain) arising from financial assumptions | 373 | (2,106) | (625) |
Actuarial loss/(gain) arising from demographic assumptions | 98 | 342 | (667) |
Actuarial loss/ (gain) arising from experience adjustments | 82 | 741 | 920 |
Changes in Asset Ceiling | (71) | 463 | 0 |
(Gain)/loss on re-measurement of defined benefit plans, net | (193) | 66 | (402) |
Deferred tax (asset)/liability thereon | 111 | (16) | 3 |
(Gain)/loss on re-measurement of defined benefit plans, net of deferred taxes | ₨ (82) | ₨ 50 | ₨ (399) |
Employee Benefits - Summary o_4
Employee Benefits - Summary of Change in Plan Assets (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Current service cost | ₨ 2,993 | ₨ 2,682 | ₨ 2,674 |
Net interest expense on net defined benefit liability/(asset) | 45 | 45 | 64 |
Net charge to statement of income | 3,038 | 2,727 | 2,738 |
Actual return on plan assets | ₨ 1,828 | ₨ 184 | ₨ 715 |
Employee Benefits - Summary o_5
Employee Benefits - Summary of Change in Present Value of Defined Obligation (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Value at the beginning of the year | ₨ 18,005 | ₨ 17,701 | |
Current service cost | 2,993 | 2,682 | ₨ 2,674 |
Interest expense on obligation | 45 | 45 | 64 |
Remeasurement loss/(gains) | |||
Actuarial loss/(gain) arising from financial assumptions | 373 | (2,106) | (625) |
Value at the end of the year | 20,022 | 18,005 | 17,701 |
Present value of defined benefit obligation [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Value at the beginning of the year | 18,613 | 18,893 | |
Addition through Business combination | 13 | 94 | |
Current service cost | 2,993 | 2,682 | |
Interest expense on obligation | 1,178 | 855 | |
Benefits paid | (1,927) | (3,291) | |
Remeasurement loss/(gains) | |||
Actuarial loss/(gain) arising from financial assumptions | (2,106) | ||
Actuarial loss/(gain) arising from financial assumptions | 373 | ||
Actuarial loss/(gain) arising from demographic assumptions | 98 | 342 | |
Actuarial loss/(gain) arising from experience adjustments | 82 | 741 | |
Translation adjustment | 93 | 403 | |
Value at the end of the year | ₨ 21,516 | ₨ 18,613 | ₨ 18,893 |
Employee Benefits - Summary o_6
Employee Benefits - Summary of Defined Benefit Plans (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Defined benefit obligation | ₨ 20,022 | ₨ 18,005 | ₨ 17,701 |
Fair value of plan assets | 20,022 | 18,005 | |
Changes in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income [abstract] | |||
Return on plan assets excluding interest income—(loss)/gain | 1,828 | 184 | 715 |
Value at the end of the year | 20,022 | 18,005 | 17,701 |
Present value of unfunded obligation | (1,494) | (608) | |
Effect of asset ceiling | (442) | (490) | |
Recognized liability | (1,936) | (1,098) | |
Effect of asset ceiling at the beginning of the year | 490 | 0 | |
Interest expense on effect of asset ceiling | 20 | 0 | |
Changes in the effect of limiting the surplus to the asset ceiling | (71) | 463 | |
Translation adjustment | 3 | 27 | |
Effect of asset ceiling at the end of the year | 442 | 490 | |
Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Expected return on plan assets | 1,153 | 810 | |
Employer contributions | 140 | 306 | |
Benefits paid | (20) | (513) | |
Changes in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income [abstract] | |||
Return on plan assets excluding interest income—(loss)/gain | 675 | (626) | |
Translation adjustment | 69 | 327 | |
Present value of defined benefit obligation [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Defined benefit obligation | 21,516 | 18,613 | 18,893 |
Benefits paid | (1,927) | (3,291) | |
Changes in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income [abstract] | |||
Translation adjustment | 93 | 403 | |
Value at the end of the year | ₨ 21,516 | ₨ 18,613 | ₨ 18,893 |
Employee Benefits - Summary o_7
Employee Benefits - Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans (Detail) | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 6.11% | 6.31% |
Expected return on plan assets | 6.11% | 6.31% |
Expected rate of salary increase | 6.29% | 6.30% |
Duration of defined benefit obligations | 7 years 5 months 1 day | 7 years 6 months 10 days |
Provident fund [member] | ||
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 7.20% | 7.35% |
Average remaining tenure of investment portfolio | 6 years 7 months 9 days | 6 years 5 months 4 days |
Guaranteed rate of return | 8.25% | 8.15% |
Employee Benefits - Summary o_8
Employee Benefits - Summary of Expected Future Contribution and Estimated Future Benefit Payments (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Disclosure of defined benefit plans [abstract] | ||
Expected contribution to the fund during the next twelve months | ₨ 2,476 | ₨ 1,857 |
Estimated benefit payments from the fund for next twelve months | 3,079 | 2,583 |
Estimated benefit payments from the fund for year two | 2,578 | 2,126 |
Estimated benefit payments from the fund for year three | 2,621 | 2,061 |
Estimated benefit payments from the fund for year four | 2,380 | 2,068 |
Expected benefit payments from the fund for year five | 2,225 | 1,851 |
Thereafter | 17,176 | 15,479 |
Total | ₨ 30,059 | ₨ 26,168 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |
Disclosure of defined benefit plans [line items] | |||
Total expense of Employee benefits plans | ₨ 19,227 | ₨ 17,623 | ₨ 16,074 |
Provident Fund Obligation [member] | |||
Disclosure of defined benefit plans [line items] | |||
Total expense of provident fund | 6,265 | 5,941 | 3,578 |
Defined contribution plans [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Total expense of Employee benefits plans | 9,969 | 9,000 | 9,822 |
Cash Settled RSU [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Cash settled | ₨ 6 | (11) | ₨ 54 |
Actuarial assumption of discount rates [member] | |||
Disclosure of defined benefit plans [line items] | |||
Percentage of reasonably possible increase in actuarial assumption | 1% | ||
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ (1,436) | (1,288) | |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ 1,649 | 1,469 | |
Actuarial assumption of expected rates of salary increases [member] | |||
Disclosure of defined benefit plans [line items] | |||
Percentage of reasonably possible increase in actuarial assumption | 1% | ||
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ 1,118 | 986 | |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ (1,051) | ₨ (934) |
Employee Benefits - Summary o_9
Employee Benefits - Summary of Fund and Plan Assets of Provident Fund (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of defined benefit plans [line items] | ||
Fair value of plan assets | ₨ 20,022 | ₨ 18,005 |
Provident fund [member] | ||
Disclosure of defined benefit plans [line items] | ||
Fair value of plan assets | 106,781 | 90,938 |
Present value of defined benefit obligation | (106,781) | (90,938) |
Net shortfall | ₨ 0 | ₨ 0 |
Related Party Relationships and
Related Party Relationships and Transactions - Summary of Subsidiaries, Associate and Joint Venture (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Wipro, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro, LLC |
Country of Incorporation | USA |
Aggne Global I T Services Private Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Aggne Global IT Services Private Limited |
Country of Incorporation | India |
Wipro Gallagher Solutions, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Gallagher Solutions, LLC |
Country of Incorporation | USA |
Wipro Insurance Solutions LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Insurance Solutions, LLC |
Country of Incorporation | USA |
Wipro IT Services, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services, LLC |
Country of Incorporation | USA |
Health Plan Services, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | HealthPlan Services, Inc |
Country of Incorporation | USA |
Wipro Appirio, Inc. [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio, Inc. |
Country of Incorporation | USA |
Designit North America Inc [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit North America, Inc. |
Country of Incorporation | USA |
Infocrossing, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Infocrossing, LLC |
Country of Incorporation | USA |
International TechneGroup Incorporated [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | International TechneGroup Incorporated |
Country of Incorporation | USA |
Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro NextGen Enterprise Inc. (formerly known as LeanSwift Solutions, Inc.) |
Country of Incorporation | USA |
Wipro Designit Services, Inc [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Designit Services, Inc. |
Country of Incorporation | USA |
Wipro Telecom Consulting L L C formerly known as Convergence Acceleration Solutions L L C [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Telecom Consulting LLC (formerly known as Convergence Acceleration Solutions, LLC) |
Country of Incorporation | USA |
Wipro VLSI Design Services LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro VLSI Design Services, LLC |
Country of Incorporation | USA |
Aggne Global Inc [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Aggne Global Inc. |
Country of Incorporation | USA |
Cardinal US Holdings, Inc. [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Cardinal US Holdings, Inc. |
Country of Incorporation | USA |
Rizing Intermediate Holdings, Inc. [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Intermediate Holdings, Inc. |
Country of Incorporation | USA |
Edgile, LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Edgile, LLC |
Country of Incorporation | USA |
Wipro Overseas IT Services Private Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Overseas IT Services Private Limited |
Country of Incorporation | India |
Wipro Japan KK [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Japan KK |
Country of Incorporation | Japan |
Wipro Shanghai Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Shanghai Limited |
Country of Incorporation | China |
Wipro Trademarks Holding Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Trademarks Holding Limited |
Country of Incorporation | India |
Wipro Travel Services Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Travel Services Limited |
Country of Incorporation | India |
Wipro Holdings UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings (UK) Limited |
Country of Incorporation | U.K |
Wipro VLSI Design Services India Private Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro VLSI Design Services India Private Limited |
Country of Incorporation | India |
Designit AS [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit A/S |
Country of Incorporation | Denmark |
Designit Denmark A/S [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Denmark A/S |
Country of Incorporation | Denmark |
Designit Germany GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Germany GmbH |
Country of Incorporation | Germany |
Designit Oslo A/S [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Oslo A/S |
Country of Incorporation | Norway |
Designit Sweden AB [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Sweden AB |
Country of Incorporation | Sweden |
Designit T.L.V Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit T.L.V Ltd. |
Country of Incorporation | Israel |
Designit Spain Digital, S.L.U [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Spain Digital, S.L.U |
Country of Incorporation | Spain |
Wipro UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro UK Limited |
Country of Incorporation | U.K. |
Wipro IT Services S.R.L. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services S.R.L. |
Country of Incorporation | Romania |
Wipro Gulf LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Gulf LLC |
Country of Incorporation | Sultanate of Oman |
Wipro Bahrain Limited Co. W.L.L [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Bahrain Limited Co. W.L.L |
Country of Incorporation | Bahrain |
Wipro Czech Republic I T Services s.r.o. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Czech Republic IT Services s.r.o. |
Country of Incorporation | Czech Republic |
Wipro 4C NV [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C NV |
Country of Incorporation | Belgium |
Wipro 4C Nederland B.V [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C Nederland B.V |
Country of Incorporation | Netherlands |
Wipro c r m Services ApS formerly known as Wipro 4C Danmark ApS [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro CRM Services ApS (formerly known as Wipro 4C Danmark ApS) |
Country of Incorporation | Denmark |
Wipro C R M Services UK Limited formerly known as Wipro Weare4C UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro CRM Services UK Limited (formerly known as Wipro Weare4C UK Limited) |
Country of Incorporation | U.K |
Wipro 4C Consulting France SAS [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C Consulting France SAS |
Country of Incorporation | France |
Wipro IT Services UK Societas [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services UK Societas |
Country of Incorporation | U.K. |
Wipro Doha LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Doha LLC |
Country of Incorporation | Qatar |
Wipro Technologies SA DE CV [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies SA DE CV |
Country of Incorporation | Mexico |
Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings Hungary Korlátolt Felelősségű Társaság |
Country of Incorporation | Hungary |
Wipro Holdings Investment Korlátolt Felelősségű Társaság [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings Investment Korlátolt Felelősségű Társaság |
Country of Incorporation | Hungary |
Women's Business Park Technologies Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Women's Business Park Technologies Limited |
Country of Incorporation | Saudi Arabia |
Wipro IT Services Poland SP Z.O.O [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services Poland SP Z.O.O |
Country of Incorporation | Poland |
Wipro Regional Headquarter [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Regional Headquarter |
Country of Incorporation | Saudi Arabia |
Wipro Technologies Australia Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Australia Pty Ltd |
Country of Incorporation | Australia |
Wipro Technologies South Africa (Proprietary) Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies South Africa (Proprietary) Limited |
Country of Incorporation | South Africa |
Wipro Technologies Nigeria Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Nigeria Limited |
Country of Incorporation | Nigeria |
Wipro IT Services Ukraine LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Service Ukraine, LLC |
Country of Incorporation | Ukraine |
Wipro Information Technology Netherlands BV. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Information Technology Netherlands BV. |
Country of Incorporation | Netherlands |
Wipro Portugal S.A. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Portugal S.A. |
Country of Incorporation | Portugal |
Wipro Technologies Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Limited |
Country of Incorporation | Russia |
Wipro Technology Chile SPA [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technology Chile SPA |
Country of Incorporation | Chile |
Wipro Ampion Holdings Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Ampion Holdings Pty Ltd |
Country of Incorporation | Australia |
Wipro Revolution IT Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Revolution IT Pty Ltd |
Country of Incorporation | Australia |
Wipro Solutions Canada Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Solutions Canada Limited |
Country of Incorporation | Canada |
Wipro Information Technology Kazakhstan LLP [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Information Technology Kazakhstan LLP |
Country of Incorporation | Kazakhstan |
Wipro Technologies W.T. Sociedad Anonima [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies W.T. Sociedad Anonima |
Country of Incorporation | Costa Rica |
Wipro Outsourcing Services (Ireland) Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Outsourcing Services (Ireland) Limited |
Country of Incorporation | Ireland |
Wipro Technologies Peru SAC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Peru SAC |
Country of Incorporation | Peru |
Wipro do Brasil Technologia Ltda [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Technologia Ltda |
Country of Incorporation | Brazil |
Wipro Technologies SA [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies SA |
Country of Incorporation | Argentina |
Wipro Technologies S.R.L [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies SRL |
Country of Incorporation | Romania |
PT WT Indonesia [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | PT. WT Indonesia |
Country of Incorporation | Indonesia |
Wipro (Thailand) Co. Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro (Thailand) Co. Limited |
Country of Incorporation | Thailand |
Rainbow Software LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rainbow Software LLC |
Country of Incorporation | Iraq |
Wipro Arabia Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Arabia Limited |
Country of Incorporation | Saudi Arabia |
Attune Consulting India Private Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Attune Consulting India Private Limited |
Country of Incorporation | India |
Wipro Networks Pte Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Networks Pte Limited |
Country of Incorporation | Singapore |
Wipro (Dalian) Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro (Dalian) Limited |
Country of Incorporation | China |
Wipro Technologies SDN BHD [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies SDN BHD |
Country of Incorporation | Malaysia |
Wipro Chengdu Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Chengdu Limited |
Country of Incorporation | China |
Wipro Philippines, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Philippines, Inc. |
Country of Incorporation | Philippines |
Wipro IT Services Bangladesh Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services Bangladesh Limited |
Country of Incorporation | Bangladesh |
Wipro HR Services India Private Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro HR Services India Private Limited |
Country of Incorporation | India |
Capco Technologies Private Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Technologies Private Limited |
Country of Incorporation | India |
Wipro Technology Product Services Private Limited (formerly known as Encore Theme Technologies Private Limited) | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technology Product Services Private Limited (formerly known as Encore Theme Technologies Private Limited) |
Country of Incorporation | India |
Wipro Financial Outsourcing Services Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Financial Outsourcing Services Limited |
Country of Incorporation | U.K |
Wipro Technologies Gmbh [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies GmbH |
Country of Incorporation | Germany |
Wipro IT Services Austria GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services Austria GmbH |
Country of Incorporation | Austria |
Wipro Do Brasil Sistemas De Informatica Ltda [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Do Brasil Sistemas De Informatica Ltda |
Country of Incorporation | Brazil |
Wipro do Brasil Servicos Ltda [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Servicos Ltda |
Country of Incorporation | Brazil |
HealthPlan Services Insurance Agency, LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | HealthPlan Services Insurance Agency, LLC |
Country of Incorporation | USA |
International TechneGroup Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | International TechneGroup Ltd. |
Country of Incorporation | U.K. |
ITI Proficiency Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | ITI Proficiency Ltd |
Country of Incorporation | Israel |
MechWorks S.R.L. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | MechWorks S.R.L. |
Country of Incorporation | Italy |
Wipro Designit Services Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Designit Services Limited |
Country of Incorporation | Ireland |
Topcoder, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Topcoder, LLC. |
Country of Incorporation | USA |
CloudSocius DMCC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | CloudSocius DMCC |
Country of Incorporation | United Arab Emirates |
Wipro Appirio (Ireland) Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio (Ireland) Limited |
Country of Incorporation | Ireland |
Wipro Appirio UK Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio UK Limited |
Country of Incorporation | U.K. |
Grove Holdings 2 S.a.r.l [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Grove Holdings 2 S.á.r.l |
Country of Incorporation | Luxembourg |
Capco Solution Services GmbH [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Solution Services GmbH |
Country of Incorporation | Germany |
The Capital Markets Company Italy Srl [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company Italy Srl |
Country of Incorporation | Italy |
The Capital Markets Company BV [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company BV |
Country of Incorporation | Belgium |
Capco Brasil Servicos E Consultoria Em Informatica Ltda [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Brasil Serviços E Consultoria Ltda (formerly known as Capco Brasil Serviços E Consultoria Em Informática Ltda) |
Country of Incorporation | Brazil |
The Capital Markets Company LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company LLC |
Country of Incorporation | USA |
The Capital Markets Company S.á.r.l [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company S.á.r.l |
Country of Incorporation | Switzerland |
Andrion AG [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Andrion AG |
Country of Incorporation | Switzerland |
The Capital Markets Company BV [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company BV |
Country of Incorporation | Netherlands |
Capco Belgium BV [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Belgium BV |
Country of Incorporation | Belgium |
The Capital Markets Company (UK) Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company (UK) Ltd |
Country of Incorporation | U.K. |
Capco (UK) 1, Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco (UK) 1, Limited |
Country of Incorporation | U.K. |
The Capital Markets Company Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company Limited |
Country of Incorporation | Canada |
LeanSwift AB [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | LeanSwift AB |
Country of Incorporation | Sweden |
Capco Consulting Services LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Consulting Services LLC |
Country of Incorporation | USA |
Capco RISC Consulting LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco RISC Consulting LLC |
Country of Incorporation | USA |
ATOM Solutions LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | ATOM Solutions LLC |
Country of Incorporation | USA |
Crowdsprint Pty Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Crowdsprint Pty Ltd |
Country of Incorporation | Australia |
Wipro Shelde Australia Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Shelde Australia Pty Ltd |
Country of Incorporation | Australia |
Attune Netherlands B.V [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Attune Netherlands B.V. |
Country of Incorporation | Netherlands |
Wipro Business Solutions Gmbh [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Business Solutions GmbH |
Country of Incorporation | Germany |
Attune Australia Pty Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Attune Australia Pty Ltd |
Country of Incorporation | Australia |
Rizing Consullting USA Inc [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Consulting USA, Inc |
Country of Incorporation | USA |
Rizing Germany GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Germany GmbH |
Country of Incorporation | Germany |
Attune Italia S R L [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Attune Italia S.R.L |
Country of Incorporation | Italy |
Rizing Management LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Management LLC |
Country of Incorporation | USA |
Attune UK Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Attune UK Ltd. |
Country of Incorporation | U.K. |
Rizing Lanka Private Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Lanka (Private) Ltd |
Country of Incorporation | Sri Lanka |
Rizing Solutions Canada Inc [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Solutions Canada Inc. |
Country of Incorporation | Canada |
Rizing LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing LLC |
Country of Incorporation | USA |
Capco Consulting Services (Guangzhou) Company Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Consulting Services (Guangzhou) Company Limited |
Country of Incorporation | China |
The Capital Markets Company s.r.o [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company s.r.o |
Country of Incorporation | Slovakia |
The Capital Markets Company S.A.S [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company S.A.S |
Country of Incorporation | France |
Capco Poland sp. z.o.o [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Poland sp. z.o.o |
Country of Incorporation | Poland |
CapAfric Consulting (Pty) Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | CapAfric Consulting (Pty) Ltd |
Country of Incorporation | South Africa |
Capco Consulting Singapore Pte. Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Consulting Singapore Pte. Ltd |
Country of Incorporation | Singapore |
The Capital Markets Company GmbH [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company GmbH |
Country of Incorporation | Germany |
Capco Austria GmbH [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Austria GmbH |
Country of Incorporation | Austria |
Capco Consultancy (Malaysia) Sdn. Bhd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Consultancy (Malaysia) Sdn. Bhd |
Country of Incorporation | Malaysia |
Capco Greece Single Member P.C [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Greece Single Member P.C |
Country of Incorporation | Greece |
Capco Consultancy (Thailand) Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Capco Consultancy (Thailand) Ltd |
Country of Incorporation | Thailand |
Wipro Technology Solutions S R L [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technology Solutions S.R.L |
Country of Incorporation | Romania |
Aasonn Philippines Inc [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Aasonn Philippines Inc. |
Country of Incorporation | Philippines |
Rizing BV [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing B.V. |
Country of Incorporation | Netherlands |
Rizing Consulting Ireland Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Consulting Ireland Limited |
Country of Incorporation | Ireland |
Rizing Consulting Pty Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Consulting Pty Ltd. |
Country of Incorporation | Australia |
Rizing Geospatial LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Geospatial LLC |
Country of Incorporation | USA |
Rizing GmbH [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing GmbH |
Country of Incorporation | Germany |
Rizing Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Limited |
Country of Incorporation | U.K. |
Rizing Pte Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Pte Ltd. |
Country of Incorporation | Singapore |
Rizing New Zealand Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing New Zealand Ltd. |
Country of Incorporation | New Zealand |
Rizing Philippines Inc [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Philippines Inc. |
Country of Incorporation | Philippines |
Rizing SDN BHD [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing SDN BHD |
Country of Incorporation | Malaysia |
Rizing Solutions Pty Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rizing Solutions Pty Ltd |
Country of Incorporation | Australia |
Synchrony Global SDN BHD [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Synchrony Global SDN BHD |
Country of Incorporation | Malaysia |
The Capital Markets Company Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | The Capital Markets Company Limited |
Country of Incorporation | Hong Kong |
Related Party Relationships a_2
Related Party Relationships and Transactions - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Disclosure of transactions between related parties [line items] | |
Holding percentage | 100% |
Drivestream Inc [member] | |
Disclosure of transactions between related parties [line items] | |
Ownership interest | 43.70% |
SDVerse LLC [member] | |
Disclosure of transactions between related parties [line items] | |
Ownership interest | 27% |
Wipro Arabia Co. Limited [member] | |
Disclosure of transactions between related parties [line items] | |
Percentage of ownership interest | 66.67% |
Women's Business Park Technologies Limited [member] | |
Disclosure of transactions between related parties [line items] | |
Percentage of ownership interest | 55% |
Aggne Global I T Services Private Limited [member] | |
Disclosure of transactions between related parties [line items] | |
Company acquired equity securities | 60% |
Aggne Global Inc [member] | |
Disclosure of transactions between related parties [line items] | |
Company acquired equity securities | 60% |
Related Party Relationships a_3
Related Party Relationships and Transactions - Summary of List of Controlled Trusts (Detail) | 12 Months Ended |
Mar. 31, 2024 | |
Wipro Equity Reward Trust [member] | |
Disclosure Of List of Controlled Trusts [Line Items] | |
Name of the entity | Wipro Equity Reward Trust |
Country of incorporation | India |
Wipro Foundation [member] | |
Disclosure Of List of Controlled Trusts [Line Items] | |
Name of the entity | Wipro Foundation |
Country of incorporation | India |
Related Party Relationships a_4
Related Party Relationships and Transactions - Summary of List of Other Related Parties (Detail) | 12 Months Ended | |
Mar. 31, 2024 | ||
Azim Premji Foundation [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Foundation | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Foundation for Development [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Foundation for Development | |
Nature of the related parties | Entity controlled by Promoters | |
Hasham Traders [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Hasham Traders | |
Nature of the related parties | Entity controlled by Promoters | |
Prazim Traders [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Prazim Traders | |
Nature of the related parties | Entity controlled by Promoters | |
Zash Traders [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Zash Traders | |
Nature of the related parties | Entity controlled by Promoters | |
Hasham Investment and Trading Co. Pvt. Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Hasham Investment and Trading Co. Pvt. Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Philanthropic Initiatives Pvt. Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Philanthropic Initiatives Pvt. Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Trust | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Trustee Company Pvt Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Trustee Company Pvt Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Safe Deposit Pvt Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Safe Deposit Pvt Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Hasham Premji Pvt Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Hasham Premji Pvt Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
PI Opportunities Fund I [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | PI Opportunities Fund I | |
Nature of the related parties | Entity controlled by Promoters | |
PI Opportunities Fund II [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | PI Opportunities Fund II | |
Nature of the related parties | Entity controlled by Promoters | |
Apex Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Apex Trust | |
Nature of the related parties | Entity controlled by Promoters | |
Napean Trading and Investment Company (Singapore) Pte Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Napean Trading and Investment Company (Singapore) Pte Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Pioneer Private Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Pioneer Private Trust | |
Nature of the related parties | Entity controlled by Promoters | |
Pioneer Investment Fund [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Pioneer Investment Fund | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Trust Services Pvt Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Trust Services Pvt Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Pl International Holdings LLC [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Pl International Holdings LLC | |
Nature of the related parties | Entity controlled by Promoters | |
Tarish Investment & Trading Co. Pvt Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Tarish Investment & Trading Co. Pvt Ltd | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Custodial & Management Service Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Custodial & Management Service Private Limited | |
Nature of the related parties | Entity controlled by Promoters | |
Azim Premji Education Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim Premji Education Trust | |
Nature of the related parties | Entity controlled by Promoters | |
Prazim Trading & Investment Company Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Prazim Trading & Investment Company Private Limited | |
Nature of the related parties | Entity controlled by Promoters | |
Nina Investment & Estates Pvt. Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Nina Investment & Estates Pvt. Ltd. | |
Nature of the related parties | Entity controlled by Promoters | |
Varsha Investment & Estates Pvt. Ltd [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Varsha Investment & Estates Pvt. Ltd. | |
Nature of the related parties | Entity controlled by Promoters | |
Bharti Investment & Estates Pvt. Ltd.[member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Bharti Investment & Estates Pvt. Ltd. | |
Nature of the related parties | Entity controlled by Promoters | |
Napean Opportunities LLP [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Napean Opportunities LLP | |
Nature of the related parties | Entity controlled by Promoters | |
Best Value Chem Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Best Value Chem Private Limited | |
Nature of the related parties | Entity controlled by Promoters | |
PI Investment Advisory LLP [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | PI Investment Advisory LLP | |
Nature of the related parties | Entity controlled by Promoters | |
WEPL Family Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | WEPL Family Trust | |
Nature of the related parties | Entity controlled by Promoters | |
Hygienic Research Institute Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Hygienic Research Institute Private Limited | |
Nature of the related parties | Entity controlled by Promoters | |
S.B. Packagings Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | S.B. Packagings Private Limited | |
Nature of the related parties | Entity controlled by Promoters | |
Wipro Enterprises (P) Limited and its subsidiaries [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Enterprises (P) Limited and its subsidiaries | |
Nature of the related parties | Entity controlled by Promoters | |
Financial Software and Systems Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Financial Software and Systems Private Limited | |
Nature of the related parties | Entity with significant influence of Promoters | |
Wipro GE Healthcare Private Limited [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro GE Healthcare Private Limited | |
Nature of the related parties | Joint Venture between Wipro Enterprises (P) Limited and General Electric | |
Wipro Information Technology Limited Provident Fund Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Information Technology Limited Provident Fund Trust | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Systems Provident Fund Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Systems Provident Fund Trust | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Limited Management Employees Pension Fund [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Limited Management Employees Pension Fund | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Limited BPO Division Employees Superannuation Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Limited BPO Division Employees Superannuation Trust | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Infotech Limited Management Employees Pension Fund [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Infotech Limited Management Employees Pension Fund | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Systems Limited Management Employees Pension Fund [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Systems Limited Management Employees Pension Fund | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Infotech Limited Employees Gratuity Fund [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Infotech Limited Employees Gratuity Fund | |
Nature of the related parties | Post-employment benefit plans | |
Wipro Limited BPO Division Employees Gratuity Trust [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Wipro Limited BPO Division Employees Gratuity Trust | |
Nature of the related parties | Post-employment benefit plans | |
Rishad A. Premji [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Rishad A. Premji | |
Nature of the related parties | Chairman of the Board (designated as "Executive Chairman") | |
Thierry Delaporte [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Thierry Delaporte | |
Nature of the related parties | Chief Executive Officer and Managing Director | [1] |
Srinivas Pallia [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Srinivas Pallia | |
Nature of the related parties | Chief Executive Officer and Managing Director | [2] |
Azim H. Premji [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Azim H. Premji | |
Nature of the related parties | Non-Executive, Non-Independent Director (designated as "Founder Chairman") | [3] |
Paivi Rekonen [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Päivi Rekonen | |
Nature of the related parties | Independent Director | |
Ireena Vittal [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Ireena Vittal | |
Nature of the related parties | Independent Director | [4] |
N. S. Kannan [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | N. S. Kannan | |
Nature of the related parties | Independent Director | [5] |
Dr. Patrick J. Ennis [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Dr. Patrick J. Ennis | |
Nature of the related parties | Independent Director | |
Patrick Dupuis [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Patrick Dupuis | |
Nature of the related parties | Independent Director | |
Deepak M. Satwalekar [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Deepak M. Satwalekar | |
Nature of the related parties | Independent Director | |
Tulsi Naidu [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Tulsi Naidu | |
Nature of the related parties | Independent Director | |
Jatin Pravinchandra Dalal [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Jatin Pravinchandra Dalal | |
Nature of the related parties | Chief Financial Officer | [6] |
Aparna C. Iyer [member] | ||
Disclosure of transactions between related parties [line items] | ||
Name of the related party | Aparna C. Iyer | |
Nature of the related parties | Chief Financial Officer | [7] |
[1] Mr. Thierry Delaporte resigned as the Chief Executive Officer and Managing Director of the Company with effect from April 6, 2024. At its meeting held on April 6, 2024, the Board of Directors approved the appointment of Mr. Srinivas Pallia as the Chief Executive Officer and Managing Director of the Company with effect from April 7, 2024 for a term of five years, subject to approval of the Company's shareholders and the Central Government, as may be applicable. Mr. Azim H. Premji is the ultimate controlling party. Ms. Ireena Vittal retired as Independent Director with effect from September 30, 2023. Mr. N. S. Kannan was appointed as Independent Director with effect from October 1, 2023 for a term of five years. Mr. Jatin Pravinchandra Dalal resigned as the Chief Financial Officer of the Company with effect from September 21, 2023. Ms. Aparna C. Iyer was appointed as Chief Financial Officer with effect from September 22, 2023. |
Related Party Relationships a_5
Related Party Relationships and Transactions - Summary of Related Party Transactions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | |||
Disclosure of transactions between related parties [line items] | |||||
Buyback of shares | [1] | ₨ 144,783 | |||
Rent Paid | [2] | ||||
Entities controlled by directors [member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Sales of goods and services | 559 | ₨ 451 | ₨ 182 | ||
Purchase of services | 0 | 0 | 0 | ||
Assets purchased | 330 | 129 | 158 | ||
Dividend | [3] | 3,577 | 22,555 | 3,760 | |
Buyback of shares | 81,093 | [3] | 0 | ||
Rental income | 26 | 26 | 3 | ||
Rent Paid | 1 | 2 | |||
Others | 14 | 27 | 49 | ||
Remuneration and short-term benefits | 0 | 0 | 0 | ||
Other benefits | 0 | 0 | 0 | ||
Balance as at the year end | |||||
Receivables | 478 | 313 | 198 | ||
Payables | 0 | 0 | 0 | ||
Key management personnel [member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Sales of goods and services | 0 | 0 | 0 | ||
Purchase of services | 0 | 0 | 0 | ||
Assets purchased | 0 | 0 | 0 | ||
Dividend | [3] | 232 | 1,458 | 244 | |
Buyback of shares | 5,028 | [3] | 0 | ||
Rental income | 0 | 0 | |||
Rent Paid | 7 | 7 | 8 | ||
Others | 0 | 0 | 0 | ||
Remuneration and short-term benefits | [4],[5] | 1,321 | [6] | 811 | 805 |
Other benefits | [4],[7] | 585 | [6] | 301 | 376 |
Balance as at the year end | |||||
Receivables | 0 | 0 | 0 | ||
Payables | 638 | 167 | 293 | ||
Associate [member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Sales of goods and services | 0 | 0 | 0 | ||
Purchase of services | 107 | 0 | 0 | ||
Assets purchased | 0 | 0 | 0 | ||
Dividend | 0 | 0 | 0 | ||
Buyback of shares | 0 | 0 | 0 | ||
Rental income | 0 | 0 | 0 | ||
Rent Paid | 0 | 0 | 0 | ||
Others | 0 | 0 | 0 | ||
Remuneration and short-term benefits | 0 | 0 | 0 | ||
Other benefits | 0 | 0 | 0 | ||
Balance as at the year end | |||||
Receivables | 0 | 0 | 0 | ||
Payables | ₨ 0 | ₨ 0 | ₨ 0 | ||
[1] Refer to Note 22 Value is less than 1 Includes close members of Key management personnel. Post-employment benefits and other long-term benefits including compensated absences is not disclosed, as this is determined for the Company as a whole based on actuarial valuation. Remuneration and short-term benefits includes sitting fees and commission paid to Non-Executive, Non-Independent Director, and Independent Directors. Remuneration, short-term benefits and other benefits for Mr. Thierry Delaporte includes cash compensation in amount of ₹ 415 , cost of accelerated vesting of ₹ 310 towards unvested stock options and ₹ 196 towards social security contributions. Other benefits include ₹ 368 , ₹ 292 , and ₹ 575 as of March 31, 2022, 2023 and 2024, respectively towards amortization of RSUs granted to Key management personnel which vest over a period of time. This also includes RSU’s that will vest based on performance parameters of the Company. |
Related Party Relationships a_6
Related Party Relationships and Transactions - Summary of Related Party Transactions (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2022 | ||
Disclosure of transactions between related parties [line items] | ||||
Share based compensation | [1] | ₨ 5,590 | ₨ 3,958 | ₨ 4,164 |
Other benefits [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Share based compensation | 575 | ₨ 292 | ₨ 368 | |
Thierry Delaporte [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Cash compensation | 415 | |||
Cost of accelerated vesting towards unvested stock options | 310 | |||
Social security contributions | ₨ 196 | |||
[1] Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2024 | Mar. 31, 2023 |
Disclosure of contingent liabilities [line items] | ||
Capital commitments | ₨ 10,322 | ₨ 7,675 |
Financial guarantee amount | 13,455 | 16,076 |
Tax contingent liability [member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent tax liability | 95,520 | 91,465 |
Excise duty, Custom duty, sales tax and other matters [member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent tax liability | ₨ 18,799 | ₨ 15,240 |
Segment Information - Summary o
Segment Information - Summary of Information on Reportable Segments (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 897,603 | $ 10,770 | ₨ 904,876 | ₨ 790,934 |
Other operating income/(loss), net | 0 | 0 | 0 | 2,186 |
Unallocated | (20,304) | (18,369) | ||
Results from operating activities | 136,099 | 1,633 | 139,606 | 140,286 |
Finance expense | (12,552) | (151) | (10,077) | (5,325) |
Finance and other income | 23,896 | 287 | 18,185 | 16,257 |
Share of net profit/(loss) of associate accounted for using the equity method | (233) | (3) | (57) | 57 |
Profit before tax | 147,210 | 1,766 | 147,657 | 151,275 |
Income tax expense | (36,089) | (433) | (33,992) | (28,946) |
Profit for the year | 111,121 | $ 1,333 | 113,665 | 122,329 |
Depreciation, amortization and impairment | 34,071 | 33,402 | 30,911 | |
Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 893,816 | 903,301 | 789,119 | |
Segment result | 164,500 | 159,593 | 144,265 | |
Unallocated | (20,304) | (18,369) | (6,200) | |
Results from operating activities | 144,196 | 141,224 | 140,251 | |
Information Technology Services [member] | Americas 1 [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 268,230 | 261,270 | 217,874 | |
Segment result | 59,364 | 51,555 | 44,027 | |
Information Technology Services [member] | Americas 2 [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 269,482 | 278,374 | 239,404 | |
Segment result | 59,163 | 59,690 | 49,754 | |
Information Technology Services [member] | Europe [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 253,927 | 256,845 | 233,443 | |
Segment result | 33,354 | 37,667 | 37,872 | |
Information Technology Services [member] | Asia Pacific Middle East Africa [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 102,177 | 106,812 | 98,398 | |
Segment result | 12,619 | 10,681 | 12,612 | |
Information Technology Products [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 4,127 | 6,047 | 6,173 | |
Segment result | (371) | (176) | 115 | |
Results from operating activities | (371) | (176) | 115 | |
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 897,943 | 909,348 | 795,289 | |
Other operating income/(loss), net | 2,186 | |||
Segment result | 156,403 | 157,975 | 144,300 | |
Unallocated | (6,200) | |||
Operating Segments [member] | Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Other operating income/(loss), net | 0 | 0 | 2,186 | |
Material Reconciling Items [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (3) | |||
Segment result | (7,726) | (1,442) | (80) | |
Results from operating activities | ₨ (7,726) | ₨ (1,442) | ₨ (80) |
Segment Information - Additiona
Segment Information - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||||||
Dec. 21, 2022 INR (₨) | Mar. 31, 2024 INR (₨) Client | Mar. 31, 2024 USD ($) Client | Mar. 31, 2023 INR (₨) Client | Mar. 31, 2022 INR (₨) Client | |||||
Disclosure of operating segments [line items] | |||||||||
No client individually accounted for more than 10% of revenues | Client | 0 | 0 | 0 | 0 | |||||
Other operating income/(loss) | ₨ 0 | $ 0 | ₨ 0 | ₨ 2,186 | |||||
Restructuring cost | 6,814 | 1,355 | 0 | ||||||
Employee benefit cost | 549,301 | 537,644 | 450,075 | ||||||
Amortization and impairment of intangible assets | 11,756 | 9,954 | 8,210 | ||||||
Adjustments for gain (loss) on disposals, property, plant and equipment | 2,072 | [1] | 25 | 89 | [1] | 313 | [1] | ||
Stock compensation expense recognized | [2] | 5,590 | 3,958 | 4,164 | |||||
Revenues | 897,603 | $ 10,770 | 904,876 | 790,934 | |||||
Upfront Cash Consideration | ₨ 52 | ||||||||
Profit (loss) on disposal of investments and changes in value of investments | ₨ 6 | ||||||||
CEO and managing director [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Employee benefit cost | 921 | ||||||||
India [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Revenues | 23,484 | 25,115 | 25,939 | ||||||
Operating Segments [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Other operating income/(loss) | 2,186 | ||||||||
Revenues | 897,943 | 909,348 | 795,289 | ||||||
Information Technology Services [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Revenues | 893,816 | 903,301 | 789,119 | ||||||
Information Technology Services [member] | Americas 1 [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Revenues | 268,230 | 261,270 | 217,874 | ||||||
Information Technology Services [member] | Americas 2 [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Revenues | 269,482 | 278,374 | 239,404 | ||||||
Information Technology Services [member] | Europe [Member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Revenues | 253,927 | 256,845 | 233,443 | ||||||
Information Technology Services [member] | Operating Segments [member] | |||||||||
Disclosure of operating segments [line items] | |||||||||
Other operating income/(loss) | 0 | 0 | 2,186 | ||||||
Change in fair value of contingent consideration | (1,300) | (1,671) | (468) | ||||||
Adjustments for gain (loss) on disposals, property, plant and equipment | (2,072) | (89) | (313) | ||||||
Stock compensation expense recognized | ₨ 5,590 | ₨ 3,958 | ₨ 4,164 | ||||||
[1] (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and is presented separately for the year ended March 31, 2024. Previous period figures have been reclassified accordingly. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ ( 2,357 ). Includes ₹ 54 , ₹ ( 11 ) and ₹ 6 for the years ended March 31, 2022, 2023 and 2024, respectively, towards cash settled ADS RSUs. |
Segment Information - Disclosur
Segment Information - Disclosure of Contribution of Revenue More than 10% from Geographical Areas (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) | Mar. 31, 2024 USD ($) | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 897,603 | $ 10,770 | ₨ 904,876 | ₨ 790,934 |
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 897,943 | 909,348 | 795,289 | |
Operating Segments [member] | Revenue greater than 10% percent benchmark | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 621,353 | 619,713 | 528,458 | |
Operating Segments [member] | United States of America [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 512,740 | 506,690 | 427,021 | |
Operating Segments [member] | United Kingdom [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 108,613 | ₨ 113,023 | ₨ 101,437 |
Sale of Membership Interests in
Sale of Membership Interests in Subsidiary - Additional Information (Details) ₨ in Millions | Dec. 21, 2022 INR (₨) |
Text Blocks Abstract | |
Upfront cash consideration | ₨ 52 |
Loss on disposal recognized | ₨ 6 |
Events after the reporting peri
Events after the reporting period - Additional Information (Details) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2024 INR (₨) shares | Mar. 31, 2024 USD ($) shares | Mar. 31, 2023 INR (₨) | Mar. 31, 2022 INR (₨) | |
Disclosure of non-adjusting events after reporting period [line items] | ||||
Number of shares approved for buyback | 269,662,921 | 269,662,921 | ||
Payments on buyback of shares | ₨ 145,173 | $ 1,742 | ₨ 0 | ₨ 0 |