Document and Entity Information
Document and Entity Information | 12 Months Ended |
Mar. 31, 2019shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Trading Symbol | WIT |
Entity Registrant Name | WIPRO LTD |
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 Shell Company | false |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 6,033,935,388 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
ASSETS | ||||
Goodwill | ₨ 116,980 | $ 1,691 | ₨ 117,584 | |
Intangible assets | 13,762 | 199 | 18,113 | |
Property, plant and equipment | 70,601 | 1,021 | 64,443 | |
Financial assets | ||||
Derivative assets | 173 | 3 | 41 | |
Investments | 6,916 | 100 | 7,668 | |
Investments accounted for using the equity method | 1,235 | 18 | 1,206 | |
Trade receivables | 4,373 | 63 | 4,446 | |
Other financial assets | 5,146 | 74 | 4,186 | |
Deferred tax assets | 5,604 | 81 | 6,908 | |
Non-current tax assets | 20,603 | 298 | 18,349 | |
Other non-current assets | 15,872 | 229 | 11,540 | |
Total non-current assets | 261,265 | 3,777 | 254,484 | |
Inventories | 3,951 | 57 | 3,370 | |
Financial assets | ||||
Derivative assets | 4,931 | 71 | 1,232 | |
Investments | 220,716 | 3,191 | 249,094 | |
Cash and cash equivalents | 158,529 | 2,292 | 44,925 | |
Trade receivables | 100,489 | 1,453 | 100,990 | |
Unbilled receivables | 22,880 | 331 | 42,486 | |
Other financial assets | 14,611 | 211 | 7,429 | |
Contract assets | 15,038 | 217 | ||
Current tax assets | 7,435 | 108 | 6,262 | |
Other current assets | 23,086 | 334 | 23,167 | |
Total current assets excluding assets held for sale | 571,666 | 8,265 | 478,955 | |
Assets held for sale | 240 | 3 | 27,201 | |
Total current assets | 571,906 | 8,268 | 506,156 | |
TOTAL ASSETS | 833,171 | 12,045 | 760,640 | |
Share capital | 12,068 | 174 | 9,048 | |
Securities premium reserve | 533 | 8 | 800 | |
Retained earnings | 534,700 | 7,731 | 453,265 | |
Share based payment reserve | 2,617 | 38 | 1,772 | |
Other components of equity | 18,198 | 263 | 18,051 | |
Equity attributable to the equity holders of the Company | 568,116 | 8,214 | 482,936 | |
Non-controlling interest | 2,637 | 38 | 2,410 | |
TOTAL EQUITY | 570,753 | 8,252 | 485,346 | |
Financial liabilities | ||||
Long - term loans and borrowings | 28,368 | 410 | 45,268 | |
Derivative liabilities | 7 | |||
Other financial liabilities | 7 | |||
Deferred tax liabilities | 3,417 | 49 | 3,059 | |
Non-current tax liabilities | 11,023 | 159 | 9,220 | |
Other non-current liabilities | 5,258 | 76 | 4,223 | |
Provisions | 2 | [1] | 3 | |
Total non-current liabilities | 48,068 | 694 | 61,787 | |
Financial liabilities | ||||
Loans, borrowings and bank overdrafts | 71,099 | 1,028 | 92,991 | |
Derivative liabilities | 1,310 | 19 | 2,210 | |
Trade payables and accrued expenses | 88,304 | 1,277 | 68,129 | |
Other financial liabilities | 644 | 9 | 1,050 | |
Contract liabilities | 24,768 | 358 | 17,139 | |
Current tax liabilities | 9,541 | 138 | 9,417 | |
Other current liabilities | 18,046 | 261 | 15,563 | |
Provisions | 638 | 9 | 796 | |
Total current liabilities excluding liabilities directly associated with assets held for sale | 214,350 | 3,099 | 207,295 | |
Liabilities directly associated with assets held for sale | 6,212 | |||
Total current liabilities | 214,350 | 3,099 | 213,507 | |
TOTAL LIABILITIES | 262,418 | 3,793 | 275,294 | |
TOTAL EQUITY AND LIABILITIES | ₨ 833,171 | $ 12,045 | ₨ 760,640 | |
[1] | Value is less than ₹ 1 |
Consolidated Statement of Incom
Consolidated Statement of Income ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨)₨ / sharesshares | Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2018INR (₨)₨ / sharesshares | Mar. 31, 2017INR (₨)₨ / sharesshares | |
Profit or loss [abstract] | ||||
Revenues | ₨ 585,845 | $ 8,471 | ₨ 544,871 | ₨ 550,402 |
Cost of revenues | (413,033) | (5,972) | (385,575) | (391,544) |
Gross profit | 172,812 | 2,499 | 159,296 | 158,858 |
Selling and marketing expenses | (44,510) | (644) | (42,349) | (40,817) |
General and administrative expenses | (35,951) | (520) | (34,141) | (32,021) |
Foreign exchange gains/(losses), net | 3,215 | 46 | 1,488 | 3,777 |
Other operating income | 4,344 | 63 | 4,082 | |
Results from operating activities | 99,910 | 1,444 | 84,294 | 93,879 |
Finance expenses | (7,375) | (107) | (5,830) | (5,942) |
Finance and other income | 22,923 | 331 | 23,999 | 22,419 |
Share of net profit /(loss) of associates accounted for using the equity method | (43) | (1) | 11 | |
Profit before tax | 115,415 | 1,667 | 102,474 | 110,356 |
Income tax expense | (25,242) | (365) | (22,390) | (25,213) |
Profit for the year | 90,173 | 1,302 | 80,084 | 85,143 |
Profit attributable to: | ||||
Equity holders of the Company | 90,031 | 1,300 | 80,081 | 84,895 |
Non-controlling interest | 142 | 2 | 3 | 248 |
Profit for the year | ₨ 90,173 | $ 1,302 | ₨ 80,084 | ₨ 85,143 |
Earnings per equity share: Attributable to equity shareholders of the Company | ||||
Basic | (per share) | ₨ 14.99 | $ 0.22 | ₨ 12.64 | ₨ 13.11 |
Diluted | (per share) | ₨ 14.95 | $ 0.22 | ₨ 12.62 | ₨ 13.07 |
Weighted average number of equity shares used in computing earnings per equity share | ||||
Basic | 6,007,376,837 | 6,007,376,837 | 6,333,391,200 | 6,476,108,013 |
Diluted | 6,022,304,367 | 6,022,304,367 | 6,344,482,633 | 6,495,129,517 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | ||
Statement of comprehensive income [abstract] | |||||
Profit for the year | ₨ 90,173 | $ 1,302 | ₨ 80,084 | ₨ 85,143 | |
Items that will not be reclassified to profit and loss in subsequent periods | |||||
Defined benefit plan actuarial gains/(losses) | 235 | 3 | 567 | 169 | |
Net change in fair value of financial instruments through OCI | (464) | (7) | (750) | (168) | |
Items that will not be reclassified to profit or loss | (229) | (4) | (183) | 1 | |
Items that may be reclassified to profit and loss in subsequent periods | |||||
Translation difference relating to foreign operations | 3,238 | 47 | 3,576 | (3,354) | |
Net change in fair value of hedges of net investment in foreign operations | (287) | (4) | (49) | 276 | |
Reclassification of foreign currency translation differences to profit and loss on sale of hosted data center services, Workday and Cornerstone OnDemand business | (4,210) | (61) | |||
Net change in time value of option contracts designated as cash flow hedges | 463 | 7 | 1 | 9 | |
Net change in intrinsic value of option contracts designated as cash flow hedges | 811 | 12 | (76) | 77 | |
Net change in fair value of forward contracts designated as cash flow hedges | 1,255 | 18 | (5,945) | 3,910 | |
Net change in fair value of financial instruments through OCI | (18) | [1] | (433) | 1,179 | |
Items that may be reclassified subsequently to profit or loss | 1,252 | 19 | (2,926) | 2,097 | |
Total other comprehensive income, net of taxes | 1,023 | 15 | (3,109) | 2,098 | |
Total comprehensive income for the year | 91,196 | 1,317 | 76,975 | 87,241 | |
Total comprehensive income attributable to: | |||||
Equity holders of the Company | 90,945 | 1,315 | 76,956 | 87,062 | |
Non-controlling interest | 251 | 4 | 19 | 179 | |
Total comprehensive income for the year | ₨ 91,196 | $ 1,317 | ₨ 76,975 | ₨ 87,241 | |
[1] | Value is less than ₹ 1 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity ₨ in Millions, $ in Millions | INR (₨)shares | USD ($)shares | Share capital, fully paid-up [member]INR (₨)shares | Share capital, fully paid-up [member]USD ($)shares | Securities premium reserve [member]INR (₨) | Securities premium reserve [member]USD ($) | Retained earnings [member]INR (₨) | Retained earnings [member]USD ($) | Share based payment reserve [member]INR (₨) | Share based payment 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 ($) | Non- controlling interest [member]INR (₨) | Non- controlling interest [member]USD ($) | |||
Balance at the beginning of the year at Mar. 31, 2016 | ₨ 467,384 | ₨ 4,941 | ₨ 14,642 | ₨ 425,118 | ₨ 2,229 | ₨ 16,116 | ₨ 1,910 | ₨ 216 | ₨ 465,172 | ₨ 2,212 | |||||||||||||
Beginning balance, shares at Mar. 31, 2016 | shares | [1] | 2,470,713,290 | 2,470,713,290 | ||||||||||||||||||||
Total comprehensive income for the year | |||||||||||||||||||||||
Profit for the year | 85,143 | 84,895 | 84,895 | 248 | |||||||||||||||||||
Other comprehensive income | 2,098 | (3,009) | 3,996 | 1,180 | 2,167 | (69) | |||||||||||||||||
Total comprehensive income for the year | 87,241 | 84,895 | (3,009) | 3,996 | 1,180 | 87,062 | 179 | ||||||||||||||||
Contributions by and distributions to owners of the Company | |||||||||||||||||||||||
Issue of equity shares on exercise of options | 81 | (81) | |||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [1] | 187,275 | 187,275 | ||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | 384 | (384) | |||||||||||||||||||||
Cash dividend paid (including dividend tax thereon) | (8,734) | (8,734) | (8,734) | ||||||||||||||||||||
Buyback of equity shares | (25,000) | ₨ (80) | (14,254) | (10,746) | 80 | (25,000) | |||||||||||||||||
Buyback of equity shares, shares | shares | [1] | (40,000,000) | (40,000,000) | ||||||||||||||||||||
Compensation cost related to employee share based payment | 1,804 | 13 | 1,791 | 1,804 | |||||||||||||||||||
Total transactions with owners of the Company | (31,930) | ₨ (80) | (14,173) | (19,083) | 1,326 | 80 | (31,930) | ||||||||||||||||
Total transactions with owners of the Company, shares | shares | [1] | (39,812,725) | (39,812,725) | ||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2017 | 522,695 | ₨ 4,861 | 469 | 490,930 | 3,555 | 13,107 | 5,906 | 1,476 | 520,304 | 2,391 | |||||||||||||
Ending balance, shares at Mar. 31, 2017 | shares | [1] | 2,430,900,565 | 2,430,900,565 | ||||||||||||||||||||
Total comprehensive income for the year | |||||||||||||||||||||||
Profit for the year | 80,084 | 80,081 | 80,081 | 3 | |||||||||||||||||||
Other comprehensive income | (3,109) | 3,511 | (6,020) | (616) | (3,125) | 16 | |||||||||||||||||
Total comprehensive income for the year | 76,975 | 80,081 | 3,511 | (6,020) | (616) | 76,956 | 19 | ||||||||||||||||
Contributions by and distributions to owners of the Company | |||||||||||||||||||||||
Issue of equity shares on exercise of options | 24 | ₨ 8 | 1,987 | (1,971) | 24 | ||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [1] | 3,559,599 | 3,559,599 | ||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | 1,182 | (1,182) | |||||||||||||||||||||
Cash dividend paid (including dividend tax thereon) | (5,420) | (5,420) | (5,420) | ||||||||||||||||||||
Buyback of equity shares | [2] | (110,000) | ₨ (687) | (1,656) | (108,344) | 687 | (110,000) | ||||||||||||||||
Buyback of equity shares, shares | shares | [1] | (343,750,000) | (343,750,000) | ||||||||||||||||||||
Transaction cost related to buyback | (312) | (312) | (312) | ||||||||||||||||||||
Bonus issue of equity shares | ₨ 4,866 | ₨ 4,866 | (4,866) | ||||||||||||||||||||
Bonus issue of equity shares, shares | shares | 2,433,074,327 | 2,433,074,327 | 2,433,074,327 | [1] | 2,433,074,327 | [1] | |||||||||||||||||
Compensation cost related to employee share based payment | ₨ 1,384 | 14 | 1,370 | 1,384 | |||||||||||||||||||
Total transactions with owners of the Company | (114,324) | ₨ 4,187 | 331 | (117,746) | (1,783) | 687 | (114,324) | ||||||||||||||||
Total transactions with owners of the Company, shares | shares | [1] | 2,092,883,926 | 2,092,883,926 | ||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2018 | 485,346 | ₨ 9,048 | 800 | 453,265 | 1,772 | 16,618 | (114) | 1,547 | 482,936 | 2,410 | |||||||||||||
Ending balance, shares at Mar. 31, 2018 | shares | [1] | 4,523,784,491 | 4,523,784,491 | ||||||||||||||||||||
Statement [LineItems] | |||||||||||||||||||||||
Adjustment on adoption of IFRS 15 | Increase (decrease) due to application of IFRS 15 [member] | (2,279) | (2,279) | (2,279) | ||||||||||||||||||||
Adjusted balance as at April 1, 2018 | 483,067 | ₨ 9,048 | 800 | 450,986 | 1,772 | 16,618 | (114) | 1,547 | 480,657 | 2,410 | |||||||||||||
Total comprehensive income for the year | |||||||||||||||||||||||
Profit for the year | 90,173 | $ 1,302 | 90,031 | 90,031 | 142 | ||||||||||||||||||
Other comprehensive income | 1,023 | 15 | (1,368) | 2,529 | (247) | 914 | 109 | ||||||||||||||||
Total comprehensive income for the year | 91,196 | 1,317 | 90,031 | (1,368) | 2,529 | (247) | 90,945 | 251 | |||||||||||||||
Contributions by and distributions to owners of the Company | |||||||||||||||||||||||
Issue of equity shares on exercise of options | 4 | ₨ 4 | 528 | (528) | 4 | ||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [1] | 1,681,717 | 1,681,717 | ||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | 565 | (565) | |||||||||||||||||||||
Cash dividend paid (including dividend tax thereon) | [2] | (5,434) | (5,434) | (5,434) | |||||||||||||||||||
Bonus issue of equity shares | [2] | ₨ 3,016 | (795) | (1,454) | (767) | ||||||||||||||||||
Bonus issue of equity shares, shares | shares | [1] | 1,508,469,180 | 1,508,469,180 | ||||||||||||||||||||
Loss of control in subsidiary | (52) | (52) | |||||||||||||||||||||
Infusion of capital | 28 | 28 | |||||||||||||||||||||
Compensation cost related to employee share based payment | 1,944 | 6 | 1,938 | 1,944 | |||||||||||||||||||
Total transactions with owners of the Company | (3,510) | ₨ 3,020 | (267) | (6,317) | 845 | (767) | (3,486) | (24) | |||||||||||||||
Total transactions with owners of the Company, shares | shares | [1] | 1,510,150,897 | 1,510,150,897 | ||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2019 | ₨ 570,753 | $ 8,252 | ₨ 12,068 | $ 174 | ₨ 533 | $ 8 | ₨ 534,700 | $ 7,731 | ₨ 2,617 | $ 38 | ₨ 15,250 | $ 221 | ₨ 2,415 | $ 35 | ₨ 533 | $ 7 | ₨ 568,116 | $ 8,214 | ₨ 2,637 | $ 38 | |||
Ending balance, shares at Mar. 31, 2019 | shares | [1] | 6,033,935,388 | 6,033,935,388 | ||||||||||||||||||||
Statement [LineItems] | |||||||||||||||||||||||
Adjusted balance as at April 1, 2018, shares | shares | [1] | 4,523,784,491 | 4,523,784,491 | ||||||||||||||||||||
[1] | Includes 23,097,216 and 27,353,853 treasury shares held as at March 31, 2018 and 2019, respectively by a controlled trust. 2,599,183 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2019. | ||||||||||||||||||||||
[2] | Refer Note 18 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Equity (Parenthetical) - shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement [LineItems] | |||
Shares transferred for exercise option | 2,599,183 | 4,351,775 | 1,101,217 |
Treasury shares [member] | |||
Statement [LineItems] | |||
Treasury shares held | 27,353,853 | 23,097,216 | 13,728,607 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows ₨ in Millions, $ in Millions | 12 Months Ended | |||||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |||
Cash flows from operating activities: | ||||||
Profit for the year | ₨ 90,173 | $ 1,302 | ₨ 80,084 | ₨ 85,143 | ||
Adjustments to reconcile profit for the year to net cash generated from operating activities: | ||||||
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net | (309) | (4) | (334) | 117 | ||
Depreciation, amortization and impairment | 19,474 | 282 | 21,124 | 23,107 | ||
Unrealized exchange loss, net | (546) | (8) | 4,794 | 3,945 | ||
Share based compensation expense | 1,938 | 28 | 1,347 | 1,742 | ||
Share of net profit /(loss) of associates accounted for using the equity method | 43 | 1 | [1] | 11 | ||
Income tax expense | 25,242 | 365 | 22,390 | 25,213 | ||
Dividend and interest (income)/expenses, net, gain from investments | (17,371) | (251) | (20,547) | (19,745) | ||
Gain from sale of EcoEnergy division | (4,082) | |||||
Gain from sale of hosted data center services, Workday and Cornerstone OnDemand business and loss of control in subsidiary | (4,344) | (63) | ||||
Other non-cash items | 4,405 | (1,732) | ||||
Changes in operating assets and liabilities; net of effects from acquisitions | ||||||
Trade receivables | 1,392 | 20 | (9,735) | 3,346 | ||
Unbilled receivables and Contract assets | 4,580 | 66 | 2,192 | 3,813 | ||
Inventories | (566) | (8) | 545 | 1,475 | ||
Other assets | (6,909) | (100) | (170) | 4,054 | ||
Trade payables, accrued expenses, other liabilities and provisions | 20,844 | 301 | 4,499 | (5,202) | ||
Contract liabilities | 7,824 | 113 | 1,733 | (2,945) | ||
Cash generated from operating activities before taxes | 141,465 | 2,044 | 112,338 | 118,249 | ||
Income taxes paid, net | (25,149) | (364) | (28,105) | (25,476) | ||
Net cash generated from operating activities | 116,316 | 1,680 | 84,233 | 92,773 | ||
Cash flows from investing activities: | ||||||
Purchase of property, plant and equipment | (22,781) | (329) | (21,870) | (20,853) | ||
Proceeds from sale of property, plant and equipment | 1,940 | 28 | 1,171 | 1,207 | ||
Proceeds from sale of EcoEnergy division, net of related expenses | 4,372 | |||||
Purchase of investments | (930,614) | (13,456) | (782,475) | (813,439) | ||
Proceeds from sale of investments | 954,954 | 13,808 | 830,448 | 729,755 | ||
Proceeds from sale of hosted data center services business and loss of control in subsidiary, net of related expenses and cash | 26,103 | 377 | ||||
Impact of investment hedging activities, net | (226) | |||||
Payment for business acquisitions including deposits and escrow, net of cash acquired | (6,652) | (33,608) | ||||
Interest received | 20,163 | 292 | 14,347 | 17,069 | ||
Dividend received | 361 | 5 | 609 | 311 | ||
Income taxes paid on sale of EcoEnergy division | (871) | |||||
Net cash (used)/ generated in investing activities | 50,126 | 725 | 35,578 | (116,283) | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of equity shares/shares pending allotment | 4 | [1] | 24 | [1] | ||
Repayment of loans and borrowings | (104,039) | (1,504) | (155,254) | (112,803) | ||
Proceeds from loans and borrowings | 65,161 | 942 | 144,271 | 125,922 | ||
Payment for deferred contingent consideration in respect of business combination | (265) | (4) | (164) | (138) | ||
Payment for buyback of shares including transaction cost | (110,312) | (25,000) | ||||
Interest paid on loans and borrowings | (4,796) | (69) | (3,123) | (1,999) | ||
Payment of cash dividend (including dividend tax thereon) | (5,434) | (79) | (5,420) | (8,734) | ||
Net cash generated/ (used) in financing activities | (49,369) | (714) | (129,978) | (22,752) | ||
Net increase/ (decrease) in cash and cash equivalents during the year | 117,073 | 1,691 | (10,167) | (46,262) | ||
Effect of exchange rate changes on cash and cash equivalents | 526 | 8 | 375 | (1,412) | ||
Cash and cash equivalents at the beginning of the year | 40,926 | 592 | 50,718 | 98,392 | ||
Cash and cash equivalents at the end of the year (Note 10) | ₨ 158,525 | $ 2,291 | ₨ 40,926 | ₨ 50,718 | ||
[1] | Value is less than ₹ 1 |
Consolidated Statement of Cas_2
Consolidated Statement of Cash Flows (Parenthetical) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of cash flows [abstract] | |||
Taxes paid | ₨ 25,149 | ₨ 28,105 | ₨ 26,347 |
The Company overview
The Company overview | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
The Company overview | 1. The Company overview Wipro Limited (“Wipro” or the “Parent Company”), together with its subsidiaries and controlled trusts (collectively, “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. Wipro has its primary listing with BSE Ltd. and National Stock Exchange of India Ltd. The Company’s American Depository Shares representing equity shares are also listed on the New York Stock Exchange. These consolidated financial statements were authorized for issue by the Audit Committee on June 11, 2019. |
Basis of preparation of consoli
Basis of preparation of consolidated financial statements | 12 Months Ended |
Mar. 31, 2019 | |
Text block [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 accordance 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” All amounts included in the consolidated financial statements are reported in millions of Indian rupees ( ₹ (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 asset/ (liability) is recognized as the present value of defined benefit obligation less fair value of plan assets; and d. Contingent consideration. (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, 2019, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ (iv) Use of estimates and judgment The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are included in the following notes: a) Revenue recognition b) Impairment testing value-in-use c) Income taxes d) Deferred taxes e) Business combination f) Defined benefit plans and compensated absences g) Expected credit losses on financial assets: h) Measurement of fair value of non-marketable i) Useful lives of property, plant and equipment j) Useful lives of intangible assets k) Other estimates |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Significant accounting policies | 3. Significant accounting policies (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 All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. Non-controlling Non-controlling non-controlling non-controlling non-controlling non-controlling non-controlling non-controlling 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 recognized investors share of profit or loss of the investee after the acquisition date. Non current assets and disposal groups held for sale Assets of disposal groups that is available for immediate sale and where the sale is highly probable of being completed within one year from the date of classification are considered and classified as assets held for sale. Non current assets and disposal groups held for sale are measured at the lower of carrying amount and fair value less costs to sell. (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. Gains/(losses), net relating to translation or settlement of borrowings denominated in foreign currency are reported within finance expense. Non-monetary non-monetary 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 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 Non-derivative • financial assets 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 • financial liabilities include long and short-term loans and borrowings, bank overdrafts, trade payables, eligible current and non-current Non-derivative non-derivative 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 cash flow statement, 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 borrowings within current 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 (FVTPL) 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 fair value through other comprehensive income (FVTOCI) (except for debt instruments that are designated at fair value through Profit or Loss (FVTPL) 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 Interest income is recognized in the consolidated statement of income for FVTPL debt instruments. Dividend on financial assets at FVTPL is recognized when the Group’s right to receive dividend is established. Investments in equity instruments designated to be classified as FVTOCI: The Company carries certain equity instruments which are not held for trading. The Company has elected the FVTOCI irrevocable option for these instruments. Movements in fair value of these investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of these investments. 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 non-current d. Trade and other payables Trade and other payables are initially recognized at fair value, 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 the business combination is 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. Derivatives are recognized and measured at fair value. Attributable transaction costs are recognized in 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 instrument 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 (gross revenues) 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 has also designated a 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 expense. 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 also recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the group’s balance sheet when the obligation specified in the contract is discharged or cancelled or expires. (v) Equity and share capital a) Share capital and securities premium reserve The authorized share capital of the Company as at March 31, 2019 is ₹ ₹ ₹ ₹ 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 a part of the Group are classified as Treasury shares. The Company has 13,728,607, 23,097,216 and 27,353,853 treasury shares as at March 31, 2017, 2018 and 2019, respectively. Treasury shares are recorded at acquisition cost. c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. A portion of these earnings amounting as at March 31, 2017, 2018 and 2019 to ₹ ₹ ₹ ₹ re-investment d) 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 securities premium reserve upon exercise of stock options and restricted stock unit options by employees. e) Foreign currency translation reserve (FCTR) 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. f) 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. g) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on 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 as at March 31, 2017, 2018 and 2019 amounting to ₹ ₹ h) Dividend A final dividend, including tax thereon, on common stock is recorded as a liability on the date of approval by the shareholders. An interim dividend, including tax thereon, is recorded as a liability on the date of declaration by the board of directors. i) Buyback of equity shares The buyback of equity shares and related transaction costs are recorded as a reduction of free reserves. Further, capital redemption reserves are created as an apportionment from retained earnings. (vi) Property, plant and equipment a) Recognition and measurement 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. Capital work- in-progress 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. Assets acquired under finance lease and 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 machinery 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 combination, Goodwill and Intangible assets a) Business combination 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, liabilities and contingent 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 on the basis of 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. 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 are reviewed and where appropriate are adjusted, annually. The estimated useful lives of the amortizable intangible assets for the current and comparative periods are as follows: Category Useful life Customer-related intangibles 5 to 15 years Marketing related intangibles 3 to 5 years (viii) Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. The arrangement is, or contains a lease if, fulfillment of the arrangement is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement. a) Arrangements where the Company is the lessee Leases of property, plant and equipment, where the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalized at lower of the fair value of the leased property and the present value of the minimum lease payments. Lease payments are apportioned between the finance charge and the outstanding liability. The finance charge is allocated to periods during the lease term at a constant periodic rate of interest on the remaining balance of the liability. Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Payments made under operating leases are recognized in the consolidated statement of income on a straight-line basis over the lease term. b) Arrangements where the Company is the lessor In certain arrangements, the Company recognizes revenue from the sale of products given under finance leases. The Company records gross finance receivables, unearned income and the estimated residual value of the leased equipment on consummation of such leases. Unearned income represents the excess of the gross finance lease receivable plus the estimated residual value over the sales price of the equipment. The Company recognizes unearned income as finance income over the lease term using the effective interest method. (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, lease receivables, contract assets 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 and 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 The Company assesses long-lived assets such as property, plant, equipment and acquired 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. 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 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. An impairment in respect of goodwill is not reversed. (xi) Employee benefits Post-employment and pension 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 only 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. Remeasurement comprising actuarial gains or losses and the return on plan assets (excluding interest) are immediately recognized in other comprehensive income, net of taxes and permanently excluded from profit or loss. Instead 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 remeasurement of net defined liability or asset through other comprehensive income, net of taxes. The Company has the following employee benefit plans: a. Provident fund Employees receive benefits from a provident fund, which is a defined benefit plan. The employer and employees each make periodic contributions to the plan. A portion of the contribution is made to the approved provident fund trust managed by the Company while the remainder of the 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. b. 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. c. Gratuity 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’s obligation in respect of the gratuity plan, which is a defined benefit plan, is provided for based on actuarial valuation using the projected unit credit method. The Company recognizes actuarial gains and losses in other comprehensive income, net of taxes. d. Termination benefits Termination benefits are expensed when the Company can no longer withdraw the offer of those benefits. e. Short-term benefits Short-term employee benefit obligations 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 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. f. 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 (xii) Share-based payment transactions Selected employees of the Company receive remuneration in the form of equity 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 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 that will eventually vest. (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, taking into account 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. (xiv) Revenue The Company derives revenue primarily from software development, maintenance of software/hardware and related services, business process services, sale of IT and other products. 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 in exchange for those products or services. 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. At contract inception, the Company assesses its promise to transfer products or services to a customer to identify separate performance obligations. The Company applies judgement 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 arrangement consideration to separately identifiable performance obligation 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 re |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Property, plant and equipment | 4. Property, plant and equipment Land Buildings Plant and Furniture Vehicles Total Gross carrying value: As at April 1, 2017 ₹ 3,814 ₹ 27,581 ₹ 108,967 ₹ 15,748 ₹ 432 ₹ 156,542 Translation adjustment 28 265 904 188 2 1,387 Additions 2 1,197 11,767 1,776 1,003 15,745 Acquisition through business combinations — 13 4 11 1 29 Disposals — (190 ) (7,302 ) (872 ) (294 ) (8,658 ) Assets reclassified as held for sale (207 ) (3,721 ) (27,118 ) (1,079 ) (5 ) (32,130 ) As at March 31, 2018 3,637 25,145 87,222 15,772 1,139 132,915 Accumulated depreciation/ impairment: As at April 1, 2017 — ₹ 6,361 ₹ 77,005 ₹ 11,968 ₹ 365 ₹ 95,699 Translation adjustment — 49 509 104 — 662 Depreciation — 1,023 14,078 1,381 387 16,869 Disposals — (70 ) (6,640 ) (758 ) (242 ) (7,710 ) Assets reclassified as held for sale (1,539 ) (19,627 ) (712 ) (4 ) (21,882 ) As at March 31, 2018 — 5,824 65,325 11,983 506 83,638 Capital work-in-progress ₹ 15,680 Assets reclassified as held for sale (514 ) Net carrying value including Capital work-in-progress ₹ 64,443 Gross carrying value: As at April 1, 2018 ₹ 3,637 ₹ 25,145 ₹ 87,222 ₹ 15,772 ₹ 1,139 ₹ 132,915 Translation adjustment (5 ) (8 ) 613 — (6 ) 594 Additions 65 2,684 10,402 1,951 4 15,106 Disposals — (331 ) (5,871 ) (1,218 ) (189 ) (7,609 ) As at March 31, 2019 ₹ 3,697 ₹ 27,490 ₹ 92,366 ₹ 16,505 ₹ 948 ₹ 141,006 Accumulated depreciation/ impairment: As at April 1, 2018 — 5,824 65,325 11,983 506 ₹ 83,638 Translation adjustment — 8 332 (6 ) (3 ) 331 Depreciation and impairment ** — 1,034 12,298 1,363 304 14,999 Disposals — (151 ) (4,767 ) (747 ) (125 ) (5,790 ) As at March 31, 2019 — 6,715 73,188 12,593 682 93,178 Capital work-in-progress ₹ 22,773 Net carrying value including Capital work-in-progress ₹ 70,601 * Including net carrying value of computer equipment and software amounting to ₹ ₹ ** Includes impairment charge on software platform recognized on acquisitions, amounting to Nil, Nil and ₹ |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Goodwill and intangible assets | 5. Goodwill and intangible assets The movement in goodwill balance is given below: Year ended March 31, 2018 2019 Balance at the beginning of the year ₹ 125,796 ₹ 117,584 Translation adjustment 2,970 4,529 Disposal (Refer Note 22) — (4,893 ) Acquisition through business combination 1,172 — Assets reclassified as held for sale (12,354 ) (240 ) Balance at the end of the year ₹ 117,584 ₹ 116,980 Acquisition through business combinations for the year ended March 31, 2018, includes goodwill recognized on four acquisitions. Also refer Note 6 to the consolidated financial statements. The Company is organized by three operating segments: IT Services, IT Products and India State Run Enterprise. Goodwill as at March 31, 2018 and 2019 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. During the year ended March 31, 2019, the Company realigned its CGUs (also refer Note 30). Consequently, goodwill has been allocated to the new CGUs as at March 31, 2019 as follows: CGUs As at March 31, Banking Financial Services and Insurance (BFSI) ₹ 17,713 Healthcare and Life Sciences (Health BU) 50,670 Consumer (CBU) 13,587 Energy, Natural Resources and Utilities (ENU) 15,203 Manufacturing (MFG) 8,991 Technology (TECH) 9,846 Communication (COMM) 970 ₹ 116,980 Following table presents the allocation of goodwill to the CGUs for the year ended March 31, 2018: CGUs As at March 31, Banking Financial Services and Insurance (BFSI) ₹ 17,475 Healthcare and Life Sciences (HLS) 49,085 Consumer (CBU) 14,776 Energy, Natural Resources and Utilities (ENU) 14,863 Manufacturing and Technology (MNT) 20,406 Communication (COMM) 979 ₹ 117,584 For the purpose of 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 on the basis of Fair Value Less Cost of Disposal (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, 2018 and 2019, as the recoverable value of the CGUs exceeded the carrying value. Further, none of the CGU’s tested for impairment as at March 31, 2018 and 2019 were at risk of impairment. An analysis of the calculation’s sensitivity to a 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, 2017 ₹ 20,528 ₹ 6,279 ₹ 26,807 Translation adjustment 493 103 596 Acquisition through business combinations 5,565 169 5,734 As at March 31, 2018 ₹ 26,586 ₹ 6,551 ₹ 33,137 Accumulated amortization/ impairment: As at April 1, 2017 ₹ 9,264 ₹ 1,621 ₹ 10,885 Translation adjustment 14 11 25 Amortization and impairment * 2,985 1,129 4,114 As at March 31, 2018 ₹ 12,263 ₹ 2,761 ₹ 15,024 Net carrying value as at March 31, 2018 ₹ 14,323 ₹ 3,790 ₹ 18,113 Gross carrying value: As at April 1, 2018 ₹ 26,586 ₹ 6,551 ₹ 33,137 Translation adjustment 555 217 772 Disposal (Refer Note 22) (217 ) (823 ) (1,040 ) As at March 31, 2019 ₹ 26,924 ₹ 5,945 ₹ 32,869 Accumulated amortization/ impairment: As at April 1, 2018 ₹ 12,263 ₹ 2,761 ₹ 15,024 Translation adjustment 35 64 99 Amortization and impairment * 3,148 1,136 4,284 Disposal (Refer Note 22) (101 ) (199 ) (300 ) As at March 31, 2019 ₹ 15,345 ₹ 3,762 ₹ 19,107 Net carrying value as at March 31, 2019 ₹ 11,579 ₹ 2,183 ₹ 13,762 * includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ Amortization and impairment expense on intangible assets is included in selling and marketing expenses in the consolidated statement of income. Acquisition through business combinations for the year ended March 31, 2018, primarily includes intangible assets recognized on four acquisitions. Also refer Note 6 to the Consolidated financial statements. As at March 31, 2019, the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Estimated remaining amortization Global oil and gas information technology practice of the Commercial Business Services, Business Unit of Science Applications International Corporation 1.25 – 2.25 years Promax Application Group 3.25 years Opus Capital Markets Consultants LLC 1.75 years ATCO I-Tek 5.50 years Designit AS 1.25 years Cellent AG 1.75 – 3.75 years Appirio Inc. 2.75 years Other entities 1 – 13.25 years |
Business combination
Business combination | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Business combination | 6. Business combination Summary of material acquisitions during the year ended March 31, 2017 is given below: Appirio Inc. On November 23, 2016, the Company obtained full control of Appirio Inc. (“Appirio”). Appirio is a global services company that helps customers create next-generation employee and customer experiences using latest cloud technology services. This acquisition will strengthen Wipro’s cloud application service offerings. The acquisition was consummated for a consideration of ₹ The following table presents the allocation of purchase price: Description Pre-acquisition Fair value Purchase price Net assets ₹ 526 ₹ (29 ) ₹ 497 Technology platform 436 (89 ) 347 Customer related intangibles — 2,323 2,323 Brand 180 2,968 3,148 Alliance relationship — 858 858 Deferred tax liabilities on intangible assets — (2,791 ) (2,791 ) Total ₹ 1,142 ₹ 3,240 ₹ 4,382 Goodwill 28,020 Total purchase price ₹ 32,402 Net assets acquired include ₹ ₹ The goodwill of ₹ If the acquisition had occurred on April 1, 2016, management estimates that consolidated revenue for the Company would have been ₹ ₹ pro-forma Summary of material acquisitions during the year ended March 31, 2018 is given below: During the year ended March 31, 2018, the Company has completed four business combinations (which individually and in aggregate are not material) for a total consideration of ₹ The following table presents the allocation of purchase price: Description Purchase Net assets ₹ 5 Customer related intangibles 5,565 Other intangible assets 169 Total ₹ 5,739 Goodwill 1,185 Total purchase price ₹ 6,924 The goodwill of ₹ Net assets acquired include ₹ ₹ |
Alight LLC [member] | |
Statement [LineItems] | |
Business combination | 32. As part of a customer contract with Alight LLC, Wipro has acquired Alight HR Services India Private Limited (currently known as Wipro HR Services India Private Limited) for a consideration of ₹ ₹ |
Investments
Investments | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Investments | 7. Investments Investments consist of the followings: As at March 31, 2018 2019 Non-current Financial instruments at FVTOCI Equity instruments ₹ 4,140 ₹ 6,916 Financial instruments at amortized cost Inter corporate and term deposits * 3,528 — ₹ 7,668 ₹ 6,916 Current Financial instruments at FVTOCI Equity instruments ₹ 1,545 ₹ — Financial instruments at FVTPL Investments in liquid and short-term mutual funds 46,438 13,960 Financial instruments at FVTOCI Commercial paper, Certificate of deposits and bonds 176,234 185,048 Financial instruments at amortized cost Inter corporate and term deposits * 24,877 21,708 ₹ 249,094 ₹ 220,716 Total ₹ 256,762 ₹ 227,632 * These deposits earn a fixed rate of interest. Term deposits include deposits in lien with banks amounting to ₹ ₹ Investments accounted for using the equity method The Company has no material associates as at March 31, 2019. The aggregate summarized financial information in respect of the Company’s immaterial associates that are accounted for using the equity method is set forth below: As at March 31, 2018 2019 Carrying amount of the Company’s interest in associates accounted for using the equity method 1,206 1,235 For the year ended March 31, 2018 2019 Company’s share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income 11 (43 ) During the year ended March 31, 2018, the Company increased its investment in Drivestream Inc. from 19% to 43.7%. Drivestream Inc. is a private entity that is not listed on any public exchange. The carrying value of the investment as at March 31, 2018 and 2019, is ₹ ₹ During the year ended March 31, 2018, the Company invested in Denim Group LLC for 33.3% stake, a private entity that is not listed on any public exchange. The carrying value of the investment as at March 31, 2018 and 2019 is ₹ ₹ |
Trade receivables
Trade receivables | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Trade receivables | 8. Trade receivables As at March 31, 2018 2019 Trade receivables ₹ 121,413 ₹ 119,686 Allowance for lifetime expected credit loss (14,570 ) (14,824 ) Assets reclassified as held for sale (1,407 ) — ₹ 105,436 ₹ 104,862 Non-current 4,446 4,373 Current 100,990 100,489 The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2018 2019 Balance at the beginning of the year ₹ 9,108 ₹ 14,570 Additions during the year, net (Refer Note 21) 5,456 980 Charged against allowance (29 ) (772 ) Translation adjustment 35 46 Balance at the end of the year ₹ 14,570 ₹ 14,824 |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Inventories | 9. Inventories Inventories consist of the following: As at March 31, 2018 2019 Stores and spare parts ₹ 769 ₹ 677 Finished goods and traded goods 2,601 3,274 ₹ 3,370 ₹ 3,951 |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Cash and cash equivalents | 10. Cash and cash equivalents Cash and cash equivalents as at March 31, 2017, 2018 and 2019, consist of cash and balances on deposit with banks. Cash and cash equivalents consist of the following: As at March 31, 2017 2018 2019 Cash and bank balances ₹ 27,808 ₹ 23,300 ₹ 41,966 Demand deposits with banks * 24,902 21,625 116,563 ₹ 52,710 ₹ 44,925 ₹ 158,529 * These deposits can be withdrawn by the Company at any time without prior notice and any penalty on the principal. Cash and cash equivalents consist of the following for the purpose of the cash flow statement: As at March 31, 2017 2018 2019 Cash and cash equivalents (as above) ₹ 52,710 ₹ 44,925 ₹ 158,529 Bank overdrafts (1,992 ) (3,999 ) (4 ) ₹ 50,718 ₹ 40,926 ₹ 158,525 |
Other assets
Other assets | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Other assets | 11. Other assets As at March 31, 2018 2019 Non-current Financial asset Security deposits ₹ 1,197 ₹ 1,436 Other deposits 250 777 Interest receivables — 1,139 Finance lease receivables 2,739 1,794 ₹ 4,186 ₹ 5,146 Non-Financial Prepaid expenses including rentals for leasehold land ₹ 7,602 ₹ 6,323 Cost to obtain contract — 4,212 Others 4,468 5,337 Assets reclassified as held for sale (530 ) — ₹ 11,540 ₹ 15,872 Other non-current ₹ 15,726 ₹ 21,018 Current Financial asset Security deposits ₹ 1,238 ₹ 1,050 Other deposits 59 33 Due from officers and employees 697 738 Finance lease receivables 2,271 1,618 Interest receivables 491 1,789 Others 2,673 9,383 ₹ 7,429 ₹ 14,611 Non-Financial Prepaid expenses ₹ 14,407 ₹ 12,148 Due from officers and employees 1,175 871 Advance to suppliers 1,819 3,247 Deferred contract costs 3,211 — Balance with excise, customs and other authorities 3,886 5,543 Cost to obtain contract — 1,170 Others 50 107 Assets reclassified as held for sale (1,381 ) — ₹ 23,167 ₹ 23,086 Other current assets ₹ 30,596 ₹ 37,697 Total ₹ 46,322 ₹ 58,715 Finance lease receivables Finance lease receivables consist of assets that are leased to customers for a contract term normally ranging 1 to 7 years, with lease payments due in monthly or quarterly installments. Details of finance lease receivables are given below: Minimum lease Present value of minimum As at March 31, 2018 2019 2018 2019 Not later than one year ₹ 2,414 ₹ 1,742 ₹ 2,271 ₹ 1,618 Later than one year but not later than five years 2,890 1,813 2,739 1,752 Later than five years — 44 — 42 Gross investment in lease 5,304 3,599 5,010 3,412 Less: Unearned finance income (294 ) (187 ) — — Present value of minimum lease payment receivables ₹ 5,010 ₹ 3,412 ₹ 5,010 ₹ 3,412 Non-current 2,739 1,794 Current finance lease receivables 2,271 1,618 |
Loans, borrowings and bank over
Loans, borrowings and bank overdrafts | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Loans, borrowings and bank overdrafts | 12. Loans, borrowings and bank overdrafts Short-term loans, borrowings and bank overdrafts The Company had loans, borrowings and bank overdrafts amounting to ₹ ₹ ₹ ₹ The Company has non-fund ₹ ₹ ₹ ₹ non-fund Long-term loans and borrowings As at March 31, 2018 As at March 31, 2019 Currency Foreign Indian Rupee Foreign Indian Rupee Interest rate Final maturity Unsecured external commercial borrowing U.S. Dollar 150 9,777 — — — — Unsecured loans U.S. Dollar 625 40,715 382 26,395 3.01% - 3.81 % July 2021 Canadian Dollar (CAD) 72 3,660 52 2,701 1.48% - 3.26 % July 2021 Indian Rupee — 366 — 162 8.29% - 9.35 % December 2021 Australian Dollar (AUD) 2 92 1 70 4.65 % January 2022 Great British Pound (GBP) ^ 42 ^ 31 2.93 % February 2022 Euro ^ 24 ^ 19 2.98 % December 2020 Brazilian Real (BRL) 1 12 ^ 2 14.04 % May 2019 ₹ 54,688 ₹ 29,380 Obligations under finance leases 5,442 2,002 Liabilities directly associated with assets held for sale (1,469 ) — 3,973 2,002 ₹ 58,661 ₹ 31,382 Non-current 45,268 28,368 Current portion of long term loans and borrowings 13,393 3,014 ^ Value is less than 1 Changes in financing liabilities arising from cash and non-cash Non-cash April 1, 2017 Cash flow Assets Foreign Less: March 31, Borrowings from banks ₹ 120,911 ₹ (6,661 ) ₹ — ₹ 5,439 — ₹ 119,689 Bank overdrafts 1,992 2,007 — — — 3,999 External commercial borrowings 9,728 — — 49 — 9,777 Obligations under finance leases 8,280 (3,627 ) 766 23 (1,469 ) 3,973 Loans from other than bank 1,501 (695 ) — 15 — 821 ₹ 142,412 ₹ (8,976 ) ₹ 766 ₹ 5,526 ₹ (1,469 ) ₹ 138,259 Non-cash April 1, Cash flow Assets taken Foreign March 31, Borrowings from banks ₹ 119,689 ₹ (26,228 ) ₹ — ₹ 3,518 ₹ 96,979 Bank overdrafts 3,999 (3,995 ) — — 4 External commercial borrowings 9,777 (10,064 ) — 287 — Obligations under finance leases 3,973 (2,234 ) 14 249 2,002 Loans from other than bank 821 (352 ) — 13 482 ₹ 138,259 ₹ (42,873 ) ₹ 14 ₹ 4,067 ₹ 99,467 The terms of the other secured and unsecured loans and borrowings also contain certain restrictive covenants primarily requiring the Company to maintain certain financial ratios. As at March 31, 2018 and 2019, the Company has met all the covenants under these arrangements. Obligations under finance leases amounting to ₹ ₹ Interest expense on borrowings was ₹ ₹ ₹ Finance lease payables consist of liabilities that are taken on lease for a contract term ranging from 1 to 5 years, with lease payments due in monthly or quarterly installments. Details of finance lease payables are given below: Minimum lease Present value of As at March 31, 2018 2019 2018 2019 Not later than one year ₹ 3,838 ₹ 1,555 ₹ 3,720 ₹ 1,506 Later than one year but not later than five years 1,784 506 1,722 496 Later than five years — — Total minimum lease payments 5,622 2,061 5,442 2,002 Less: Amounts representing interest (180 ) (59 ) — — Present value of minimum lease payment payables ₹ 5,442 ₹ 2,002 ₹ 5,442 ₹ 2,002 Liabilities directly associated with assets held for sale (1,469 ) — (1,469 ) — Obligation under finance lease ₹ 3,973 ₹ 2,002 ₹ 3,973 ₹ 2,002 Non-current 1,722 496 Current finance lease payables 2,251 1,506 |
Trade payables and accrued expe
Trade payables and accrued expenses | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Trade payables and accrued expenses | 13. Trade payables and accrued expenses Trade payables and accrued expenses consist of the followings: As at March 31, 2018 2019 Trade payables ₹ 24,406 ₹ 28,527 Accrued expenses 45,632 59,777 Liabilities directly associated with assets held for sale (1,909 ) — ₹ 68,129 ₹ 88,304 |
Other liabilities and provision
Other liabilities and provisions | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Other liabilities and provisions | 14. Other liabilities and provisions As at March 31, Other liabilities 2018 2019 Non-current Financial liabilities Deposits and others ₹ 7 ₹ — ₹ 7 ₹ — Non-Financial Employee benefits obligations ₹ 1,791 ₹ 2,083 Others 2,440 3,175 Liabilities directly associated with assets held for sale (8 ) — ₹ 4,223 ₹ 5,258 Other non-current ₹ 4,230 ₹ 5,258 Current Financial liabilities Deposits and others ₹ 1,050 ₹ 644 ₹ 1,050 ₹ 644 Non-Financial Statutory and other liabilities ₹ 4,263 ₹ 5,430 Employee benefits obligations 8,537 10,065 Advance from customers 1,901 1,361 Others 1,139 1,190 Liabilities directly associated with assets held for sale (277 ) — ₹ 15,563 ₹ 18,046 Other current liabilities ₹ 16,613 ₹ 18,690 Total ₹ 20,843 ₹ 23,948 As at March 31, Provisions 2018 2019 Non-current Provision for warranty ₹ 3 ₹ 2 ₹ 3 ₹ 2 Current Provision for warranty ₹ 290 ₹ 275 Others 506 363 ₹ 796 ₹ 638 ₹ 799 ₹ 640 Provision for warranty represents cost associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 to 2 years. Other provisions primarily include provisions for indirect tax related contingencies and litigations. The timing of cash outflows in respect of such provision cannot be reasonably determined. A summary of activity for provision for warranty and other provisions is as follows: Year ended March 31, 2018 Year ended March 31, 2019 Provision for Others Total Provision for Others Total Balance at the beginning of the year ₹ 440 ₹ 834 ₹ 1,274 ₹ 293 ₹ 506 ₹ 799 Additional provision during the year 317 7 324 295 13 308 Provision used during the year (464 ) (335 ) (799 ) (311 ) (156 ) (467 ) Balance at the end of the year ₹ 293 ₹ 506 ₹ 799 ₹ 277 ₹ 363 ₹ 640 |
Financial instruments
Financial instruments | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Financial instruments | 15. Financial instruments Financial assets and liabilities (carrying value / fair value) As at March 31, 2018 2019 Assets: Cash and cash equivalents ₹ 44,925 ₹ 158,529 Investments Financial instrument at FVTPL 46,438 13,960 Financial instrument at FVTOCI 181,919 191,964 Financial instrument at Amortized cost 28,405 21,708 Other financial assets Trade receivables 105,436 104,862 Unbilled receivables * 42,486 22,880 Other assets 11,615 19,757 Derivative assets 1,273 5,104 ₹ 462,497 ₹ 538,764 Liabilities: Trade payables and other payables Trade payables and accrued expenses ₹ 68,129 ₹ 88,304 Other liabilities 1,057 644 Loans, borrowings and bank overdrafts 138,259 99,467 Derivative liabilities 2,217 1,310 ₹ 209,662 ₹ 189,725 * On account of adoption of IFRS 15, unbilled revenues pertaining to fixed price development contracts of ₹ non-financial Offsetting financial assets and liabilities The following table contains information on other financial assets and trade payable and other liabilities subject to offsetting: Financial assets Gross amounts of Gross amounts of Net amounts of As at March 31, 2018 165,985 (6,448 ) 159,537 As at March 31, 2019 154,129 (6,630 ) 147,499 Financial liabilities Gross amounts of Gross amounts of Net amounts of As at March 31, 2018 75,634 (6,448 ) 69,186 As at March 31, 2019 95,578 (6,630 ) 88,948 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 and eligible current and non-current non-current The fair value of cash and cash equivalents, trade receivables, unbilled receivables, borrowings, trade payables, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. The Company’s long-term debt has been contracted at market rates of interest. Accordingly, the carrying value of such long-term debt approximates fair value. Further, finance lease receivables that are overdue are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated losses on these receivables. As at March 31, 2019 and 2018, the carrying value of such receivables, net of allowances approximates the fair value. Investments in liquid and short-term 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 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 is determined using market and income approaches. The fair value of derivative financial instruments is determined based on observable market inputs including currency spot and forward rates, yield curves, currency volatility etc. 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 Level 2 Level 3 The following table presents fair value of hierarchy of assets and liabilities measured at fair value on a recurring basis: Particular As at March 31, 2018 As at March 31, 2019 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 1,139 — 1,139 — 3,149 — 3,149 — Others 134 — 134 — 1,955 — 1,955 — Investments: Investment in liquid and short-term mutual funds 46,438 46,438 — — 13,960 13,960 — — Investment in equity instruments 5,685 — — 5,685 6,916 — 248 6,668 Commercial paper, Certificate of deposits and bonds 176,234 1,951 174,283 — 185,048 6,865 178,183 Liabilities Derivative instruments: Cash flow hedges (1,276 ) — (1,276 ) — (130 ) — (130 ) — Others (941 ) — (941 ) — (1,180 ) — (1,180 ) — The following methods and assumptions were used to estimate the fair value of the level 2 financial instruments included in the above table. Derivative instruments (assets and liabilities): Investment in commercial papers, certificate of deposits and bonds: Details of assets and liabilities considered under Level 3 classification Investment in equity instruments Derivative Assets- Liabilities- Balance as at April 1, 2017 ₹ 5,303 ₹ 426 ₹ (339 ) Additions 1,851 — — Payouts — — 164 Transferred to Investments accounted for using the equity method (357 ) — — Gain/loss recognized in consolidated statement of income — (426 ) 167 Gain/loss recognized in foreign currency translation reserve 53 — (32 ) Gain/loss recognized in other comprehensive income (1,165 ) — — Finance expense recognized in consolidated statement of income — — 40 Balance as at March 31, 2018 ₹ 5,685 ₹ — ₹ — Balance as at April 1, 2018 ₹ 5,685 ₹ — ₹ — Additions 2,869 — — Transfers out of level 3 (647 ) — — Disposal (1,341 ) — — Gain/loss recognized in foreign currency translation reserve 203 — — Gain/loss recognized in other comprehensive income (101 ) — — Balance as at March 31, 2019 ₹ 6,668 ₹ — — Description of significant unobservable inputs to valuation: As at March 31, 2019 Items Valuation technique Significant Movement Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 0.5 % 201 (187 ) Investments cash flow model Discount rate 0.5 % (243 ) 256 As at March 31, 2018 Items Valuation technique Significant Movement Increase ₹ ) Decrease ₹ ) Unquoted equity Third party quote Revenue achievement 1.0 % 18 (18 ) investments* * Carrying value ₹ Derivative assets and liabilities: The Company is exposed to foreign currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, 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 non-material. The following table presents the aggregate contracted principal amounts of the Company’s derivative contracts outstanding: (in million) As at March 31, 2018 2019 Notional Fair value Notional Fair value Designated derivatives instruments Sell : Forward contracts USD 904 ₹ 951 USD 333 ₹ 1,410 € 134 ₹ (531 ) € — — £ 147 ₹ (667 ) £ — — AUD 77 ₹ 29 AUD 97 ₹ 15 Range forward options contracts USD 182 ₹ 5 USD 1,067 ₹ 1,149 £ 13 ₹ 5 £ 191 ₹ 68 € 10 ₹ 2 € 153 ₹ 349 AUD — — AUD 56 ₹ 39 Interest rate swaps USD 75 ₹ (7 ) USD 75 ₹ (11 ) Non-designated Sell : Forward contracts USD 939 ₹ (360 ) USD 1,182 ₹ 1,359 € 58 ₹ 6 € 32 ₹ 55 £ 95 ₹ (56 ) £ 1 ₹ (1 ) AUD 77 ₹ 68 AUD 82 ₹ 28 SGD 6 ₹ (1 ) SGD 11 ₹ 1 ZAR 132 ₹ (16 ) ZAR 56 ₹ 14 CAD 14 ₹ 32 CAD 56 ₹ 40 SAR 62 — SAR 123 (1 ) AED 8 — AED 9 ^ PLN 36 ₹ 12 PLN 38 ₹ 15 CHF 6 ₹ 3 CHF 10 ^ QAR 11 ₹ (3 ) QAR 3 ₹ (1 ) TRY 10 ₹ 8 TRY 28 ₹ 12 MXN 61 ₹ (6 ) MXN — — NOK 34 ₹ 3 NOK 29 ₹ 4 OMR 3 ₹ (1 ) OMR 1 ₹ (1 ) SEK 35 ₹ 5 Range forward options contracts USD 50 ₹ (6 ) USD 150 ₹ 161 € — — € 31 ₹ 12 £ 20 ₹ (2 ) £ 71 ₹ 57 Buy : Forward contracts USD 575 ₹ (417 ) USD 730 ₹ (971 ) JPY 399 ₹ 6 JPY 154 ^ MXN — — MXN 9 ^ DKK 9 ₹ (1 ) DKK 75 ₹ (13 ) ₹ (944 ) ₹ 3,794 ^ Value is less than ₹ 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, 2018 2019 Balance as at the beginning of the year ₹ 7,325 ₹ (143 ) Deferred cancellation gain/ (loss), net (6 ) 6 Changes in fair value of effective portion of derivatives (12 ) 1,069 Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions (7,450 ) 2,087 Gain/(loss) on cash flow hedging derivatives, net ₹ (7,468 ) ₹ 3,162 Balance as at the end of the year (143 ) 3,019 Deferred tax thereon 29 (604 ) Balance as at the end of the year, net of deferred tax ₹ (114 ) ₹ 2,415 The related hedge transactions for balance in cash flow hedging reserves as at March 31, 2019 are expected to occur and be reclassified to the consolidated statement of income over a period of two years. As at March 31, 2018 and 2019 there were no significant 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, net investment in finance lease receivables (financials assets) to banks. Under the terms of the arrangements, the Company surrenders control over the financial assets and transfer is without recourse. Accordingly, such transfers are recorded 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 year ended March 31, 2018 and 2019 is not material. In certain cases, transfer of financial assets may be with recourse. Under arrangements with recourse, the Company is obligated to repurchase the uncollected financial assets, subject to limits specified in the agreement with the banks. These are reflected as part of loans and borrowings in the consolidated statement of financial position. 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 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 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 United Kingdom 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. The Company has also designated foreign currency borrowings as hedge against respective net investments in foreign operations. As at March 31, 2018, and 2019 respectively, a ₹ ₹ ₹ ₹ ₹ ₹ ₹ The below table presents foreign currency risk from non-derivative As at March 31, 2018 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 32,948 ₹ 7,273 ₹ 6,585 ₹ 3,459 ₹ 990 ₹ 3,651 ₹ 54,906 Unbilled revenues 13,893 2,571 5,189 2,094 338 1,609 25,694 Cash and cash equivalent 9,144 3,791 1,685 786 34 2,241 17,681 Other assets 13,796 1,993 4,061 1,164 940 4,459 26,413 Loans, borrowings and bank overdrafts (49,257 ) (41 ) (37 ) (165 ) — (137 ) (49,637 ) Trade payables accrued expenses and other liabilities (23,561 ) (3,962 ) (5,958 ) (1,516 ) (652 ) (2,942 ) (38,591 ) Net assets/ (liabilities) ₹ (3,037 ) ₹ 11,625 ₹ 11,525 ₹ 5,822 ₹ 1,650 ₹ 8,881 ₹ 36,466 As at March 31, 2019 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 39,896 ₹ 8,030 ₹ 5,212 ₹ 3,542 ₹ 1,528 ₹ 3,880 ₹ 62,088 Unbilled receivables 8,038 1,609 3,146 1,225 204 743 14,965 Contract assets 4,706 1,445 2,270 836 150 598 10,005 Cash and cash equivalent 21,997 2,884 1,573 1,003 1,928 2,204 31,589 Other assets 8,553 1,173 4,056 1,038 1,033 4,544 20,397 Loans, borrowings and bank overdrafts (50,516 ) (20 ) (21 ) (33 ) — (21 ) (50,611 ) Trade payables accrued expenses and other liabilities (27,202 ) (5,779 ) (4,646 ) (1,526 ) (806 ) (2,787 ) (42,746 ) Net assets/ (liabilities) ₹ 5,472 ₹ 9,342 ₹ 11,590 ₹ 6,085 ₹ 4,037 ₹ 9,161 ₹ 45,687 # Other currencies reflect currencies such as Saudi Riyal, Singapore Dollars, Danish Krone, etc. As at March 31, 2018 and 2019, respectively, every 1% increase/decrease of the respective foreign currencies compared to functional currency of the Company would impact results by approximately ₹ ₹ Interest rate risk Interest rate risk primarily arises from floating rate borrowing, 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 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. Certain borrowings are also transacted at fixed interest rates. If interest rates were to increase by 100 bps from March 31, 2019, additional net annual interest expense on floating rate borrowing would amount to approximately ₹ 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 financial reliability of customers, taking into account the financial condition, current economic trends, analysis of historical bad debts and ageing of accounts receivable. Individual risk limits are set accordingly. No single customer accounted for more than 10% of the accounts receivable as at March 31, 2018 and 2019, respectively, or revenues for the year ended March 31, 2017, 2018 and 2019, respectively. There is no significant concentration of credit risk. 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 on the basis of expected cash flows. As at March 31, 2019, 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, 2018 Carrying Less than 1 year 1-2 2-4 4-7 years Total Loans, borrowings and bank overdrafts ₹ 138,259 ₹ 95,466 ₹ 18,997 ₹ 28,190 ₹ 6 ₹ 142,659 Trade payables and accrued expenses 68,129 68,129 — — — 68,129 Derivative liabilities 2,217 2,210 7 — — 2,217 Other liabilities 1,057 1,050 7 — — 1,057 As at March 31, 2019 Carrying Less than 1-2 2-4 4-7 Total Loans, borrowings and bank overdrafts ₹ 99,467 ₹ 73,559 ₹ 24,887 ₹ 4,309 ₹ — ₹ 102,755 Trade payables and accrued expenses 88,304 88,304 — — — 88,304 Derivative liabilities 1,310 1,310 — — — 1,310 Other liabilities 644 644 — — — 644 The balanced view of liquidity and financial indebtedness is stated in the table below. This calculation of the net cash position is used by the management for external communication with investors, analysts and rating agencies: As at March 31, 2018 2019 Cash and cash equivalent ₹ 44,925 ₹ 158,529 Investment 249,094 220,716 Loans and borrowings (138,259 ) (99,467 ) ₹ 155,760 ₹ 279,778 |
Foreign currency translation re
Foreign currency translation reserve | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Foreign currency translation reserve | 16. Foreign currency translation reserve The movement in foreign currency translation reserve attributable to equity holders of the Company is summarized below: As at March 31, 2018 2019 Balance at the beginning of the year ₹ 13,107 ₹ 16,618 Translation difference related to foreign operations, net 3,560 3,129 Reclassification of foreign currency translation differences to profit and loss on sale of hosted Data center services business — (4,131 ) Reclassification of foreign currency translation differences to profit and loss on sale of Workday and Cornerstone OnDemand business — (79 ) Change in effective portion of hedges of net investment in foreign operations (49 ) (287 ) Total change during the year 3,511 (1,368 ) Balance at the end of the year ₹ 16,618 ₹ 15,250 |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Income taxes | 17. Income taxes Income tax expenses has been allocated as follows: Year ended March 31, 2017 2018 2019 Income tax expense as per the consolidated statement of income ₹ 25,213 ₹ 22,390 ₹ 25,242 Income tax included in Other comprehensive income on: Unrealized gains/ (losses) on investment securities 594 (644 ) (65 ) Gains/(losses) on cash flow hedging derivatives 962 (1,448 ) 633 Defined benefit plan actuarial gains/(losses) 43 255 47 ₹ 26,812 ₹ 20,553 ₹ 25,857 Income tax expenses consists of the following: Year ended March 31, 2017 2018 2019 Current taxes Domestic ₹ 21,089 ₹ 18,500 ₹ 17,987 Foreign 5,412 7,834 5,663 26,501 26,334 23,650 Deferred taxes Domestic (63 ) 3 (180 ) Foreign (1,225 ) (3,947 ) 1,772 (1,288 ) (3,944 ) 1,592 ₹ 25,213 ₹ 22,390 ₹ 25,242 Income tax expenses are net of reversal of provisions pertaining to earlier periods, amounting to ₹ ₹ ₹ 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, 2017 2018 2019 Profit before taxes ₹ 110,356 ₹ 102,474 ₹ 115,415 Enacted income tax rate in India 34.61 % 34.61 % 34.94 % Computed expected tax expense 38,194 35,466 40,326 Effect off: Income exempt from tax (12,684 ) (12,878 ) (18,469 ) Basis differences that will reverse during a tax holiday period (274 ) 167 (796 ) Income taxed at higher/ (lower) rates (1,105 ) (111 ) (1,002 ) Reversal of deferred tax for past years due to rate reduction * — (1,563 ) — Taxes related to prior years (593 ) (380 ) (2,267 ) Changes in unrecognized deferred tax assets 40 239 3,972 Expenses disallowed for tax purpose 1,787 1,431 3,503 Others, net (152 ) 19 (25 ) Income tax expense ₹ 25,213 ₹ 22,390 ₹ 25,242 Effective income tax rate 22.85 % 21.85 % 21.87 % * The “Tax Cuts and Jobs Act,” was signed into law on December 22, 2017 (‘US tax reforms’) which among other things, makes significant changes to the rules applicable to the taxation of corporations, such as changing the corporate tax rate from 35% to 21% rate effective January 1, 2018. For the year ended March 2018, the Company took a positive impact of ₹ re-statement The components of deferred tax assets and liabilities are as follows: As at March 31, 2018 2019 Carry forward losses * ₹ 5,694 ₹ 3,149 Trade payables, accrued expenses and other liabilities 3,107 3,713 Allowances for lifetime expected credit loss 4,499 4,521 Minimum alternate tax 74 — Cash flow hedges 29 — Others — 318 13,403 11,701 Property, plant and equipment (2,166 ) (1,840 ) Amortizable goodwill (1,810 ) (1,899 ) Intangible assets (3,190 ) (2,295 ) Interest on bonds and fair value movement of investments (1,712 ) (1,455 ) Cash flow hedges — (604 ) Contract liabilities (273 ) (289 ) Others (403 ) (1,132 ) (9,554 ) (9,514 ) Net deferred tax assets / (liabilities) ₹ 3,849 ₹ 2,187 Amounts presented in statement of financial position: Deferred tax assets ₹ 6,908 ₹ 5,604 Deferred tax liabilities ₹ (3,059 ) ₹ (3,417 ) * 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, Credit/(charge) in Credit/(charge) in On account of As at March 31, Carry forward losses 5,250 825 (562 ) — 5,513 Trade payables, accrued expenses and other liabilities 3,270 (44 ) (75 ) — 3,151 Allowances for lifetime expected credit loss 3,039 (77 ) (7 ) — 2,955 Minimum alternate tax 1,457 63 — — 1,520 Property, plant and equipment (4,262 ) (249 ) 358 — (4,153 ) Amortizable goodwill (3,963 ) (401 ) 307 — (4,057 ) Intangible assets (4,665 ) 2,639 279 (2,764 ) (4,511 ) Interest on bonds and fair value movement of investments (814 ) (837 ) (594 ) — (2,245 ) Cash flow hedges (458 ) — (961 ) — (1,419 ) Contract liabilities (4 ) (192 ) 13 — (183 ) Others 328 (439 ) 24 — (87 ) Total (822 ) 1,288 (1,218 ) (2,764 ) (3,516 ) Movement during the year ended As at April 1, Credit/ Credit/(charge) On account Assets held As at March 31, Carry forward losses 5,513 133 48 — — 5,694 Trade payables, accrued expenses and other liabilities 3,151 243 (246 ) — (41 ) 3,107 Allowances for lifetime expected credit loss 2,955 1,564 2 — (22 ) 4,499 Minimum alternate tax 1,520 (1,446 ) — — — 74 Property, plant and equipment (4,153 ) 912 (75 ) — 1,150 (2,166 ) Amortizable goodwill (4,057 ) 1,522 (53 ) — 778 (1,810 ) Intangible assets (4,511 ) 1,546 (112 ) (113 ) — (3,190 ) Interest on bonds and fair value movement of investments (2,245 ) (112 ) 645 — — (1,712 ) Cash flow hedges (1,419 ) — 1,448 — — 29 Contract liabilities (183 ) (35 ) (9 ) — (46 ) (273 ) Others (87 ) (383 ) (75 ) — 142 (403 ) Total (3,516 ) 3,944 1,573 (113 ) 1,961 3,849 Movement during the year ended As at April 1, Credit/(charge) in Credit/(charge) in comprehensive Others (Note 32) As at March 31, Carry forward losses 5,694 (2,879 ) 334 — 3,149 Trade payables, accrued expenses and other liabilities 3,107 295 (22 ) 333 3,713 Allowances for lifetime expected credit loss 4,499 9 2 11 4,521 Minimum alternate tax 74 (74 ) — — — Property, plant and equipment (2,166 ) 219 (94 ) 201 (1,840 ) Amortizable goodwill (1,810 ) 16 (105 ) — (1,899 ) Intangible assets (3,190 ) 1,076 (181 ) — (2,295 ) Interest on bonds and fair value movement of investments (1,712 ) 186 71 — (1,455 ) Cash flow hedges 29 — (633 ) — (604 ) Contract liabilities (273 ) (1 ) (15 ) — (289 ) Others (403 ) (439 ) 27 1 (814 ) Total 3,849 (1,592 ) (616 ) 546 2,187 Deferred taxes on unrealized foreign exchange gain / loss relating to cash flow hedges, fair value movements in investments and actuarial gains/losses on 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 ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ The Company has recognized deferred tax assets of ₹ ₹ The Company has calculated its tax liability for current domestic taxes after considering MAT. The excess tax paid under MAT provisions over and above normal tax liability can be carried forward and set-off ₹ 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 designated in 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. Certain tax benefits are also available for a further five years subject to the unit meeting defined conditions. Profits from certain other undertakings are also eligible for preferential tax treatment. The tax holiday period being currently available to the Company expires in various years through fiscal 2032-33. ₹ ₹ ₹ ₹ ₹ ₹ 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 ₹ ₹ |
Dividends, Bonus and Buyback of
Dividends, Bonus and Buyback of equity shares | 12 Months Ended |
Mar. 31, 2019 | |
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Dividends, Bonus and Buyback of equity shares | 18. Dividends, Bonus 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 ₹ ₹ ₹ ₹ ₹ ₹ During the year ended March 31, 2018, the bonus issue in the proportion of 1:1 i.e.1 (One) bonus equity share of ₹ paid-up /e-voting. ₹ ₹ During the year ended March 31, 2019, the bonus issue in the proportion of 1:3 i.e.1 (One) bonus equity share of ₹ paid-up /e-voting. ₹ ₹ During the year ended March 31, 2018, the Company has concluded the buyback of 343,750,000 equity shares as approved by the Board of Directors on July 20, 2017. This has resulted in a total cash outflow of ₹ ₹ ₹ ₹ ₹ |
Additional capital disclosures
Additional capital disclosures | 12 Months Ended |
Mar. 31, 2019 | |
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Additional capital disclosures | 19. 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 focused on keeping 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, 2018 and 2019 was as follows: As at March 31, 2018 2019 % Change Equity attributable to the equity shareholders of the Company ₹ 482,936 ₹ 568,116 17.64 % As percentage of total capital 78 % 85 % Current loans, borrowings and bank overdrafts 92,991 71,099 Long-term loans and borrowings 45,268 28,368 Total loans, borrowings and bank overdrafts ₹ 138,259 ₹ 99,467 -28.06 % As percentage of total capital 22 % 15 % Total capital (loans, borrowings and bank overdrafts and equity) ₹ 621,195 ₹ 667,583 7.47 % Loans and borrowings represent 22 % and 15% of total capital as at March 31, 2018 and 2019, respectively. The Company is not subjected to any externally imposed capital requirements. |
Revenue
Revenue | 12 Months Ended |
Mar. 31, 2019 | |
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Revenue | 20. Revenue Year ended March 31, 2017 2018 2019 Rendering of services ₹ 522,061 ₹ 524,543 ₹ 571,301 Sales of products 28,341 20,328 14,544 ₹ 550,402 ₹ 544,871 ₹ 585,845 |
Expenses by nature
Expenses by nature | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Expenses by nature | 21. Expenses by nature Year ended March 31, 2017 2018 2019 Employee compensation ₹ 268,081 ₹ 272,223 ₹ 299,774 Sub-contracting/ 82,747 84,437 94,725 Cost of hardware and software 27,216 18,985 13,567 Travel 20,147 17,399 17,768 Facility expenses 19,297 21,044 22,213 Depreciation, amortization and impairment * 23,107 21,124 19,474 Communication 5,370 5,353 4,561 Legal and professional fees 4,957 4,690 4,361 Rates, taxes and insurance 2,261 2,400 1,621 Marketing and brand building 2,936 3,140 2,714 Lifetime expected credit loss and provision for deferred contract cost ** 2,427 6,565 980 Miscellaneous expenses *** 5,836 4,705 11,736 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 464,382 ₹ 462,065 ₹ 493,494 * Depreciation, amortization and impairment includes impairment on certain software platform and intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ ** Consequent to insolvency of two of our customers, the Company has recognized provision of ₹ ₹ ₹ *** Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ |
Other operating income
Other operating income | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Other operating income | 22. Other operating income Sale of hosted data center services business: The calculation of the gain on sale is shown below: Particulars Total Cash considerations (net of disposal costs ₹ ₹ 25,432 Less: Carrying amount of net assets disposed (including goodwill of ₹ (26,455 ) Add: Reclassification of exchange difference on foreign currency translation 4,131 Gain on sale ₹ 3,108 In accordance with the sale agreement, total cash consideration is ₹ ₹ ₹ ₹ ₹ Loss of control in subsidiary: The assets and liabilities associated with these transactions were classified as assets held for sale and liabilities directly associated with assets held for sale amounting to ₹ ₹ Sale of Workday and Cornerstone OnDemand business : The calculation of the gain is as shown below: Particulars Total Cash considerations ₹ 6,645 Less: Carrying amount of net assets disposed (includes goodwill of ₹ ₹ 5,475 Add: Reclassification of exchange difference on foreign currency translation 79 Gain on sale ₹ 1,249 Assets pertaining to Portugal, France, Sweden are classified as assets held for sale ₹ These disposal groups do not constitute a major component of the Company and hence were not classified as discontinued operations. |
Finance expense
Finance expense | 12 Months Ended |
Mar. 31, 2019 | |
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Finance expense | 23. Finance expense Year ended March 31, 2017 2018 2019 Interest expense ₹ 2,675 ₹ 3,451 ₹ 5,616 Exchange fluctuation on foreign currency borrowings, net 3,267 2,379 1,759 ₹ 5,942 ₹ 5,830 ₹ 7,375 |
Finance and other income and Fo
Finance and other income and Foreign exchange gains/(losses), net | 12 Months Ended |
Mar. 31, 2019 | |
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Finance and other income and Foreign exchange gains/(losses), net | 24. Finance and other income and Foreign exchange gains/(losses), net Year ended March 31, 2017 2018 2019 Interest income ₹ 18,066 ₹ 17,806 ₹ 20,261 Dividend income 311 609 361 Net gain from investments classified as FVTPL 3,822 5,410 1,990 Net gain from investments classified as FVOCI 220 174 311 Finance and other income ₹ 22,419 ₹ 23,999 ₹ 22,923 Foreign exchange gains/(losses), net on financial instrument measured at FVTPL 6,975 (107 ) 1,251 Other Foreign exchange gains/(losses), net (3,198 ) 1,595 1,964 Foreign exchange gains/(losses), net ₹ 3,777 ₹ 1,488 ₹ 3,215 ₹ 26,196 ₹ 25,487 ₹ 26,138 |
Earnings per equity share
Earnings per equity share | 12 Months Ended |
Mar. 31, 2019 | |
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Earnings per equity share | 25. 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: Year ended March 31, 2017 2018 2019 Profit attributable to equity holders of the Company ₹ 84,895 ₹ 80,081 ₹ 90,031 Weighted average number of equity shares outstanding 6,476,108,013 6,333,391,200 6,007,376,837 Basic earnings per share ₹ 13.11 ₹ 12.64 ₹ 14.99 Diluted: The calculation is performed in respect of share options to determine the number of shares that could have been acquired at fair value (determined as the average market price of the Company’s shares during the year). The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share options. Year ended March 31, 2017 2018 2019 Profit attributable to equity holders of the Company ₹ 84,895 ₹ 80,081 ₹ 90,031 Weighted average number of equity shares outstanding 6,476,108,013 6,333,391,200 6,007,376,837 Effect of dilutive equivalent share options 19,021,504 11,091,433 14,927,530 Weighted average number of equity shares for diluted earnings per share 6,495,129,517 6,344,482,633 6,022,304,367 Diluted earnings per share ₹ 13.07 ₹ 12.62 ₹ 14.95 Earnings per share and number of share outstanding for the year ended March 31, 2017 and 2018, have been proportionately adjusted for the bonus issue in the ratio of 1:3 i.e.1 (One) bonus equity share of ₹ paid-up |
Employee stock incentive plans
Employee stock incentive plans | 12 Months Ended |
Mar. 31, 2019 | |
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Employee stock incentive plans | 26. Employee stock incentive plans The stock compensation expense recognized for employee services received during the year ended March 31, 2017, 2018 and 2019, were ₹ ₹ ₹ Wipro Equity Reward Trust (“WERT”) In 1984, the Company established a controlled trust called the Wipro Equity Reward Trust (“WERT”). In the earlier years, WERT purchased shares of the Company out of funds borrowed from the Company. The Company’s Board Governance, Nomination and Compensation 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 13,728,607, 23,097,216 and 27,353,853 treasury shares as at March 31, 2017, 2018 and 2019, respectively. Wipro Employee Stock Option Plans and Restricted Stock Unit Option Plans A summary of the general terms of grants under stock option plans and restricted stock unit option plans are as follows: Name of Plan Number of Options reserved Range of Exercise Price Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) * 59,797,979 US $ 0.03 Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) * 59,797,979 ₹ 2 Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) * 49,831,651 ₹ 2 Wipro Equity Reward Trust Employee Stock Purchase Plan, 2013 ** 39,546,197 ₹ 2 Wipro Employee Stock Option plan 2000 (2000 plan) *** 747,474,747 ₹ 171 - 490 Employees covered under Stock Option Plans and Restricted Stock Unit (RSU) Option Plans (collectively “stock 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 three to five years from the date of grant. Upon vesting, the employees can acquire one equity share for every option. * The maximum contractual term for these Stock Option Plans and Restricted Stock Unit Option Plans is perpetual until the options are available for grant under the plan. ** The maximum contractual term for these Stock Option Plans is up to May 29, 2023 until the options are available for grant under the plan. *** The maximum contractual term for these Stock Option Plans is up to July 26, 2020 until the options are available for grant under the plan. The activity in these stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2017 2018 2019 Particulars Range of Numbers Weighted Numbers Weighted Numbers Weighted Outstanding at the ₹ 480.20 20,181 ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 beginning of ₹ 2 7,254,326 ₹ 2 7,952,083 ₹ 2 13,543,997 ₹ 2 the year US $ 0.03 3,747,430 US $ 0.03 5,288,783 US $ 0.03 10,199,054 US $ 0.03 Bonus on ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 outstanding ₹ 2 — ₹ 2 6,968,406 ₹ 2 4,773,755 ₹ 2 Refer Note 18 US $ 0.03 — US $ 0.03 4,077,070 US $ 0.03 3,957,434 US $ 0.03 Granted* ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 ₹ 2 2,398,000 ₹ 2 4,612,400 ₹ 2 4,607,000 ₹ 2 US $ 0.03 2,379,500 US $ 0.03 3,897,000 US $ 0.03 4,849,000 US $ 0.03 Exercised ₹ 480.20 — ₹ 480.20 (20,181 ) ₹ 480.20 — ₹ 480.20 ₹ 2 (1,113,775 ) ₹ 2 (5,325,217 ) ₹ 2 (2,739,097 ) ₹ 2 US $ 0.03 (174,717 ) US $ 0.03 (2,565,976 ) US $ 0.03 (1,541,803 ) US $ 0.03 Forfeited and ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 expired ₹ 2 (586,468 ) ₹ 2 (663,675 ) ₹ 2 (2,578,192 ) ₹ 2 US $ 0.03 (663,430 ) US $ 0.03 (497,823 ) US $ 0.03 (3,016,895 ) US $ 0.03 Outstanding at the ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 — ₹ 480.20 end of the year ₹ 2 7,952,083 ₹ 2 13,543,997 ₹ 2 17,607,463 ₹ 2 US $ 0.03 5,288,783 US $ 0.03 10,199,054 US $ 0.03 14,446,790 US $ 0.03 Exercisable at the ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 — ₹ 480.20 end of the year ₹ 2 698,320 ₹ 2 1,875,994 ₹ 2 1,300,781 ₹ 2 US $ 0.03 141,342 US $ 0.03 789,962 US $ 0.03 948,877 US $ 0.03 The following table summarizes information about outstanding stock options and restricted stock unit option plan : Year ended March 31, 2017 2018 2019 Range of Numbers Weighted Weighted Numbers Weighted Weighted Numbers Weighted Weighted ₹ 20,181 — ₹ 480.20 — — ₹ 480.20 — — ₹ 480.20 ₹ 7,952,083 19 ₹ 2 13,543,997 27 ₹ 2 17,607,463 24 ₹ 2 US $ 0.03 5,288,783 24 US $ 0.03 10,199,054 28 US $ 0.03 14,446,790 26 US $ 0.03 The weighted-average grant-date fair value of options granted during the year ended March 31, 2017, 2018 and 2019 was ₹ ₹ ₹ ₹ ₹ ₹ * Includes 79,000, 1,097,600 and 1,567,000 Performance based stock options (RSU) during the year ended March 31, 2017, 2018 and 2019, respectively. 188,000, 1,113,600 and 1,673,000 Performance based stock options (ADS) during the year ended March 31, 2017, 2018 and 2019, respectively. Performance based stock options (RSU) 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). |
Employee benefits
Employee benefits | 12 Months Ended |
Mar. 31, 2019 | |
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Employee benefits | 27. Employee benefits a) Employee costs includes Year ended March 31, 2017 2018 2019 Salaries and bonus ₹ 258,207 ₹ 261,981 ₹ 289,005 Employee benefits plans Gratuity and other defined benefit plans 1,095 1,532 1,459 Defined contribution plans 7,037 7,363 7,372 Share based compensation 1,742 1,347 1,938 ₹ 268,081 ₹ 272,223 ₹ 299,774 The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2017 2018 2019 Cost of revenues ₹ 226,595 ₹ 228,937 ₹ 251,818 Selling and marketing expenses 26,051 28,070 30,972 General and administrative expenses 15,435 15,216 16,984 ₹ 268,081 ₹ 272,223 ₹ 299,774 Defined benefit plan actuarial (gains)/ losses recognized in other comprehensive income include: Year ended March 31, 2017 2018 2019 Re-measurement Return on plan assets excluding interest income ₹ ₹ ₹ Actuarial loss/ (gain) arising from financial assumptions 363 (296) 73 Actuarial loss/ (gain) arising from demographic assumptions (73) (54) (40) Actuarial loss/ (gain) arising from experience adjustments (313) (454) (266) ₹ (212) ₹ (822) ₹ (282) b) Defined benefit plans Defined benefit plans include gratuity for employees drawing salary in Indian rupees and certain benefits 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, 2017 2018 2019 Current service cost ₹ 1,130 ₹ 1,525 ₹ 1,434 Net interest on net defined benefit liability/(asset) (35 ) 7 25 Net gratuity cost/(benefit) 1,095 1,532 1,459 Actual return on plan assets ₹ 692 ₹ 501 ₹ 607 Change in present value of defined benefit obligation is summarized below: As at March 31, 2018 2019 Defined benefit obligation at the beginning of the year ₹ 8,270 ₹ 8,654 Acquisitions (Note 32) 38 1,094 Current service cost 1,525 1,434 Interest on obligation 490 583 Benefits paid (865 ) (1,047 ) Remeasurement loss/(gains) Actuarial loss/(gain) arising from financial assumptions (296 ) 73 Actuarial loss/(gain) arising from demographic assumptions (54 ) (40 ) Actuarial loss/(gain) arising from experience adjustments (454 ) (266 ) Defined benefit obligation at the end of the year ₹ 8,654 ₹ 10,485 Change in plan assets is summarized below: As at March 31, 2018 2019 Fair value of plan assets at the beginning of the year ₹ 7,919 ₹ 8,507 Acquisitions (Note 32) 28 109 Expected return on plan assets 483 558 Employer contributions 59 254 Benefits paid — (34 ) Remeasurement (loss)/gains Return on plan assets excluding interest income 18 49 Fair value of plan assets at the end of the year ₹ 8,507 ₹ 9,443 Present value of unfunded obligation ₹ (147 ) ₹ (1,042 ) Recognized asset/(liability) ₹ (147 ) ₹ (1,042 ) As at March 31, 2018 and 2019, 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 mandate provided to them by the trustees and the asset allocation is within the permissible limits prescribed in the insurance regulations. The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows: As at March 31, 2018 2019 Discount rate 6.30 % 6.05 % Expected return on plan assets 6.30 % 6.05 % Expected rate of salary increase 6.89 % 6.80 % Duration of defined benefit obligations 8 years 8 years 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. 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 future contribution and estimated future benefit payments from the fund are as follows: Expected contribution to the fund during the year ending March 31, 2020 ₹ 1,331 Estimated benefit payments from the fund for the year ending March 31: 2020 ₹ 1,686 2021 1,203 2022 1,171 2023 1,150 2024 1,133 Thereafter 7,552 Total ₹ 13,895 The expected benefits are based on the same assumptions used to measure the Company’s benefit obligations as at March 31, 2019. Sensitivity for significant actuarial assumptions is computed to show the movement in defined benefit obligation by 0.5 percentage. As at March 31, 2019, every 0.5 percentage point increase/(decrease) in discount rate will result in (decrease)/increase of defined benefit obligation by approximately ₹ ₹ ₹ ₹ As at March 31, 2019, every 0.5 percentage point increase/(decrease) in expected rate of salary will result in increase/(decrease) of defined benefit obligation by approximately ₹ ₹ ₹ ₹ c) Provident fund: The details of fund and plan assets are given below: As at March 31, 2018 2019 Fair value of plan assets ₹ 46,016 ₹ 53,015 Present value of defined benefit obligation (46,016 ) (53,015 ) Net (shortfall)/ excess ₹ — ₹ — The plan assets have been primarily invested in government securities and corporate bonds. The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows: As at March 31, 2018 2019 Discount rate for the term of the obligation 7.35 % 7.00 % Average remaining tenure of investment portfolio 7 years 8 years Guaranteed rate of return 8.55 % 8.65 % |
Related party relationship and
Related party relationship and transactions | 12 Months Ended |
Mar. 31, 2019 | |
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Related party relationship and transactions | 28. Related party relationship and transactions List of subsidiaries and associates as at March 31, 2019, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Wipro LLC USA Wipro Gallagher Solutions, LLC. USA Opus Capital Markets Consultants LLC USA Wipro Promax Analytics Solutions Americas LLC USA Wipro Insurance Solutions LLC USA Wipro IT Services, LLC. USA HealthPlan Services, Inc. *** USA Appirio, Inc. *** USA Cooper Software, LLC. USA Infocrossing, LLC USA Wipro US Foundation USA Wipro Overseas IT Services Pvt. Ltd India Wipro Japan KK Japan Wipro Shanghai Limited China Wipro Trademarks Holding Limited India Wipro Travel Services Limited India Wipro Holdings (UK) Limited U.K. Wipro Digital Aps Denmark Designit A/S *** Denmark Wipro Europe Limited U.K. Wipro UK Limited U.K. Wipro Financial Services UK Limited U.K. Wipro IT Services S.R.L. Romania Wipro Information Technology Austria GmbH ** Austria Wipro Technologies Austria GmbH ** Austria NewLogic Technologies SARL ** France Wipro Cyprus SE Cyprus Wipro Doha LLC # Qatar Wipro Technologies SA DE CV Mexico Wipro Philippines, Inc. Philippines Wipro Holdings Hungary Korlátolt Felelosségu Társaság Hungary Wipro Holdings Investment Korlátolt Felelosségu Társaság Hungary Wipro Information Technology Egypt SAE Egypt Wipro Arabia Co. Limited * Saudi Arabia Women’s Business Park Technologies Limited * Saudi Arabia Wipro Poland SP Z.O.O Poland Wipro IT Services Poland SP Z.O.O Poland Wipro Technologies Australia Pty Ltd Australia Wipro Corporate Technologies Ghana Limited Ghana Wipro Technologies South Africa (Proprietary) Limited South Africa Wipro Technologies Nigeria Limited Nigeria Wipro IT Service Ukraine LLC Ukraine Wipro Information Technology Netherlands BV. Netherlands Wipro Technologies SA Argentina Wipro Portugal S.A. *** Portugal Limited Liability Company Wipro Technologies Limited Russia Wipro Technology Chile SPA Chile Wipro Solutions Canada Limited Canada Wipro Information Technology Kazakhstan LLP Kazakhstan Wipro Technologies W.T. Sociedad Anonima Costa Rica Wipro Outsourcing Services (Ireland) Limited Ireland Wipro Technologies VZ, C.A. Venezuela Wipro Technologies Peru S.A.C Peru Wipro do Brasil Servicos de Tecnologia S.A. Brazil Wipro do Brasil Technologia Ltda *** Brazil Wipro Technologies S.R.L. Romania PT. WT Indonesia Indonesia Wipro (Thailand) Co. Limited Thailand Wipro Bahrain Limited Co. S.P.C Bahrain Wipro Gulf LLC Sultanate of Oman Rainbow Software LLC Iraq Cellent GmbH Germany Cellent GmbH *** Austria Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Chengdu Limited China Appirio India Cloud Solutions Private Limited ** India Wipro IT Services Bangladesh Limited Bangladesh Wipro HR Services India Private Limited India * 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 Co. Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. Limited. # 51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in these holdings is with the Company. 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 *** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit A/S, Cellent GmbH, HealthPlan Services, Inc. and Appirio, Inc. are as follows Subsidiaries Subsidiaries Subsidiaries Country of Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro do Brasil Technologia Ltda Brazil Wipro Do Brasil Sistemetas De Informatica Ltd Brazil Designit A/S Denmark Designit Denmark A/S Denmark Designit Germany GmbH Germany Designit Oslo A/S Norway Designit Sweden AB Sweden Designit T.L.V Ltd. Israel Designit Tokyo Ltd. Japan Denextep Spain Digital, S.L Spain Designit Colombia S A S Colombia Designit Peru SAC Peru Cellent GmbH Austria Frontworx Informations technologie GmbH Austria HealthPlan Services, Inc. USA HealthPlan Services Insurance Agency, LLC. USA Appirio, Inc. USA Appirio, K.K Japan Topcoder, LLC. USA Appirio Ltd Ireland Appirio GmbH Germany Apprio Ltd (UK) U.K. ** Vide its order dated March 29, 2019, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro Information Technology Austria GmbH, Wipro Technologies Austria GmbH, NewLogic Technologies SARL and Appirio India Cloud Solutions Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2018. As at March 31, 2019, the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, investments 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 Director Azim Premji Foundation for Development Entity controlled by Director Hasham Traders Entity controlled by Director Prazim Traders Entity controlled by Director Zash Traders Entity controlled by Director Hasham Investment and Trading Co. Pvt. Ltd Entity controlled by Director Azim Premji Philanthropic Initiatives Pvt. Ltd Entity controlled by Director Azim Premji Trust Entity controlled by Director Wipro Enterprises (P) Limited Entity controlled by Director Wipro GE Healthcare Private Limited Entity controlled by Director Key management personnel Azim H Premji Executive Chairman and Managing Director T K Kurien Executive Vice Chairman (vii) Abidali Z Neemuchwala Chief Executive Officer and Executive Director (iii) Dr. Ashok Ganguly Non-Executive N Vaghul Non-Executive Dr. Jagdish N Sheth Non-Executive William Arthur Owens Non-Executive M.K. Sharma Non-Executive Vyomesh Joshi Non-Executive Ireena Vittal Non-Executive Rishad A Premji Executive Director and Chief Strategy Officer (ii) Dr. Patrick J. Ennis Non-Executive Patrick Dupuis Non-Executive Arundhati Bhattacharya Additional Director (viii) Jatin Pravinchandra Dalal Chief Financial Officer (i) (i) Effective April 1, 2015 (ii) Effective May 1, 2015 (iii) Effective February 1, 2016 (iv) Effective April 1, 2016 (v) Up to July 18, 2016 (vi) Up to July 19, 2016 (vii) Up to January 31, 2017 (viii) Effective January 1, 2019 Relatives of key management personnel: - Yasmeen H. Premji - Tariq Azim Premji The Company has the following related party transactions: Entities controlled by Key Management Transaction / balances 2017 2018 2019 2017 2018 2019 Sales of goods and services 114 136 102 — — — Assets purchased 106 290 240 — — — Dividend 5,087 3,171 3,171 287 191 191 Buyback of shares 19,638 63,745 — 2 ^ — Rental income 43 42 43 — — — Rent Paid 8 7 8 6 6 5 Others 93 31 63 — — — Key management personnel * Remuneration and short-term benefits — — — 231 248 341 Other benefits — — — 156 130 173 Balance as at the year end Receivables 76 39 132 — — — Payables 22 57 8 27 55 155 ^ Value is less than ₹ Further investment in associates during the year ₹ * Post employment benefit comprising compensated absences is not disclosed as this are determined for the Company as a whole. Benefits includes the prorated value of Restricted Stock Units (“RSU’s”) granted to the personnel, which vest over a period of time. Other benefits include share-based compensation ₹ ₹ ₹ |
Commitments and contingencies
Commitments and contingencies | 12 Months Ended |
Mar. 31, 2019 | |
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Commitments and contingencies | 29. Commitments and contingencies Operating leases: non-cancellable ₹ ₹ ₹ As at March 31, 2018 2019 Not later than one year ₹ 6,186 ₹ 7,006 Later than one year but not later five years 12,470 11,106 Later than five years 2,354 1,629 ₹ 21,010 ₹ 19,741 Capital commitments: ₹ ₹ Guarantees: ₹ ₹ Contingencies and lawsuits: In March 2004, the Company received a tax demand for year ended March 31, 2001 arising primarily on account of denial of deduction under section 10A of the Income Tax Act, 1961 (Act) in respect of profit earned by the Company’s undertaking in Software Technology Park at Bengaluru. The same issue was repeated in the successive assessments for the years ended March 31, 2002 to March 31, 2011 and the aggregate demand is ₹ ₹ disposed-off On similar issues for years up to March 31, 2000, the Hon’ble High Court of Karnataka has upheld the claim of the Company under section 10A of the Act. For the year ended March 31, 2009, the appeals are pending before Income Tax Appellate Tribunal (ITAT). For years ended March 31, 2010 and March 31, 2011, the Dispute Resolution Panel (DRP) allowed the claim of the Company under section 10A of the Act. The Income tax authorities have filed an appeal before the ITAT. For year ended March 31, 2013, the Company received the final assessment order in November 2017 with a demand of ₹ ₹ For year ended March 31, 2014, the Company received the final assessment order in September 2018 with a demand of ₹ For year ended March 31, 2015, the Company received the Draft assessment order in December 2018 with a demand of ₹ ₹ Income tax demands against the Company amounting to ₹ ₹ The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to ₹ ₹ |
Segment information
Segment information | 12 Months Ended |
Mar. 31, 2019 | |
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Segment information | 30. Segment information During the year March 31, 2019, the Company have organized India State Run Enterprise segment (ISRE) as a separate segment, which was earlier part of IT Services segment. The Company is now organized by the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE). Comparative information has been restated to give effect to the above changes. IT Services: The revised industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU) previously known as Health Care and Life Sciences Business unit (HLS), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services. Comparative information has been restated to give effect to the above changes. IT Products: India State Run Enterprise segment (ISRE): The Chairman and Managing Director of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by IFRS 8, “Operating Segments.” The Chairman 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 segment for the year ended March 31, 2017 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 133,332 81,980 78,101 68,223 72,069 46,907 38,584 519,196 25,922 9,244 (183 ) 554,179 Other operating income — — — — — — — 4,082 — — — 4,082 Segment Result 25,721 9,524 15,928 14,485 16,634 6,843 6,125 95,260 (1,680 ) (2,326 ) (506 ) 90,748 Unallocated (951 ) — — — (951 ) Segment Result Total 98,391 (1,680 ) (2,326 ) (506 ) 93,879 Finance expense (5,942 ) Finance and other income 22,419 Profit before tax 110,356 Income tax expense (25,213 ) Profit for the year 85,143 Depreciation, amortization and impairment 23,107 Information on reportable segment for the year ended March 31, 2018 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 144,139 74,136 77,914 67,841 73,947 46,081 33,658 517,716 17,998 10,694 (49 ) 546,359 Segment Result 24,549 9,624 12,619 8,097 14,680 7,007 3,236 79,812 362 454 319 80,947 Unallocated 3,347 — — 3,347 Segment Result Total 83,159 362 454 319 84,294 Finance expense (5,830 ) Finance and other income 23,999 Share of net profit of associates accounted for using the equity method 11 Profit before tax 102,474 Income tax expense (22,390 ) Profit for the year 80,084 Depreciation, amortization and impairment 21,124 Information on reportable segment for the year ended March 31, 2019 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 175,262 75,081 89,313 72,830 76,591 46,496 32,680 568,253 12,312 8,544 (49 ) 589,060 Other operating income — — — — — — — 4,344 — — — 4,344 Segment Result 33,831 8,638 16,828 7,081 15,916 8,327 4,396 95,017 (1,047 ) (1,829 ) 283 92,424 Unallocated 3,142 — — 3,142 Segment Result Total 102,503 (1,047 ) (1,829 ) 283 99,910 Finance expense (7,375 ) Finance and other income 22,923 Share of net loss of associates accounted for using the equity method (43 ) Profit before tax 115,415 Income tax expense (25,242 ) Profit for the year 90,173 Depreciation, amortization and impairment 19,474 The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows: Year ended March 31, 2017 2018 2019 India ₹ 46,555 ₹ 43,099 ₹ 30,999 Americas* 290,719 283,515 325,432 Europe 133,909 138,597 147,074 Rest of the world 82,996 81,148 85,555 ₹ 554,179 ₹ 546,359 ₹ 589,060 * Substantially related to operations in the United States of America. No customer individually accounted for more than 10% of the revenues during the year ended March 31, 2017, 2018 and 2019, respectively. 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 traded cloud-based licenses 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) For evaluating performance of the individual operating segments, stock compensation expense is allocated on the basis of straight-line amortization. The differential impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual operating segments is reported in reconciling items. e) The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is eliminated under reconciling items. f) Segment results for ENU and COMM industry vertical for the year ended March 31, 2018, is after considering the impact of provision by ₹ ₹ g) Net gain from the sale of hosted data center services, Workday and Cornerstone OnDemand business and disposal of Wipro Airport IT Services Limited, amounting to ₹ h) Segment results for ENU industry vertical for the year ended March 31, 2019, is after considering the impact of ₹ i) Segment results for Health BU industry vertical for the year ended March 31, 2018 and 2019, is after considering the impact of impairment charges on certain software platform and intangible assets recognized on acquisitions. Refer Note 21. j) Segment results of IT Services segments is after recognition of share-based compensation expense ₹ ₹ ₹ |
Bank balance
Bank balance | 12 Months Ended |
Mar. 31, 2019 | |
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Bank balance | 31. Bank balance Details of balance with banks as at March 31, 2019 are as follows: In In Deposit Total Citi Bank ₹ 24,507 ₹ 14,737 ₹ 39,244 HDFC Bank 1,309 25,152 26,461 Axis Bank 1 21,551 21,552 Kotak Mahindra Bank 28 17,221 17,249 HSBC 9,776 4,112 13,888 Saudi British Bank 845 7,006 7,851 ANZ Bank 432 6,843 7,275 ICICI Bank 28 5,555 5,583 State Bank of India 156 5,110 5,266 BNP Paribas 147 3,630 3,777 IndusInd Bank — 2,800 2,800 Canara Bank — 2,500 2,500 Wells Fargo Bank 2,472 — 2,472 Standard Chartered Bank 374 — 374 Indian Overseas Bank 1 342 343 Bank of Montreal 270 — 270 MUFG Bank 180 — 180 UniCredit Bank 169 — 169 RABO Bank 102 — 102 Others 1,169 4 1,173 Total ₹ 41,966 ₹ 116,563 ₹ 158,529 |
Events after the reporting peri
Events after the reporting period | 12 Months Ended |
Mar. 31, 2019 | |
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Events after the reporting period | 33. Events after the reporting period On April 16, 2019, the Board of Directors approved a proposal to buy back up to 323,076,923 equity shares of the Company for an aggregate amount not exceeding ₹ ₹ On June 4, 2019, the Company entered into a definitive agreement to acquire International TechneGroup Incorporated, a global digital engineering and manufacturing solutions company for a consideration of US$45 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending September 30, 2019. |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
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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 All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. Non-controlling Non-controlling non-controlling non-controlling non-controlling non-controlling non-controlling non-controlling 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 recognized investors share of profit or loss of the investee after the acquisition date. Non current assets and disposal groups held for sale Assets of disposal groups that is available for immediate sale and where the sale is highly probable of being completed within one year from the date of classification are considered and classified as assets held for sale. Non current assets and disposal groups held for sale are measured at the lower of carrying amount and fair value less costs to sell. |
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. Gains/(losses), net relating to translation or settlement of borrowings denominated in foreign currency are reported within finance expense. Non-monetary non-monetary 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 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 Non-derivative • financial assets 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 • financial liabilities include long and short-term loans and borrowings, bank overdrafts, trade payables, eligible current and non-current Non-derivative non-derivative 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 cash flow statement, 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 borrowings within current 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 (FVTPL) 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 fair value through other comprehensive income (FVTOCI) (except for debt instruments that are designated at fair value through Profit or Loss (FVTPL) 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 Interest income is recognized in the consolidated statement of income for FVTPL debt instruments. Dividend on financial assets at FVTPL is recognized when the Group’s right to receive dividend is established. Investments in equity instruments designated to be classified as FVTOCI: The Company carries certain equity instruments which are not held for trading. The Company has elected the FVTOCI irrevocable option for these instruments. Movements in fair value of these investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of these investments. 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 non-current d. Trade and other payables Trade and other payables are initially recognized at fair value, 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 the business combination is 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. Derivatives are recognized and measured at fair value. Attributable transaction costs are recognized in 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 instrument 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 (gross revenues) 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 has also designated a 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 expense. 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 also recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the group’s balance sheet 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 securities premium reserve The authorized share capital of the Company as at March 31, 2019 is ₹ ₹ ₹ ₹ 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 a part of the Group are classified as Treasury shares. The Company has 13,728,607, 23,097,216 and 27,353,853 treasury shares as at March 31, 2017, 2018 and 2019, respectively. Treasury shares are recorded at acquisition cost. c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. A portion of these earnings amounting as at March 31, 2017, 2018 and 2019 to ₹ ₹ ₹ ₹ re-investment d) 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 securities premium reserve upon exercise of stock options and restricted stock unit options by employees. e) Foreign currency translation reserve (FCTR) 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. f) 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. g) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on 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 as at March 31, 2017, 2018 and 2019 amounting to ₹ ₹ h) Dividend A final dividend, including tax thereon, on common stock is recorded as a liability on the date of approval by the shareholders. An interim dividend, including tax thereon, is recorded as a liability on the date of declaration by the board of directors. i) Buyback of equity shares The buyback of equity shares and related transaction costs are recorded as a reduction of free reserves. Further, capital redemption reserves are created as an apportionment from retained earnings. |
Property, plant and equipment | (vi) Property, plant and equipment a) Recognition and measurement 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. 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. Assets acquired under finance lease and 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 machinery 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 combination | (vii) Business combination, Goodwill and Intangible assets a) Business combination 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, liabilities and contingent 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 on the basis of 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. |
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 are reviewed and where appropriate are adjusted, annually. The estimated useful lives of the amortizable intangible assets for the current and comparative periods are as follows: Category Useful life Customer-related intangibles 5 to 15 years Marketing related intangibles 3 to 5 years |
Leases | (viii) Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. The arrangement is, or contains a lease if, fulfillment of the arrangement is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement. a) Arrangements where the Company is the lessee Leases of property, plant and equipment, where the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalized at lower of the fair value of the leased property and the present value of the minimum lease payments. Lease payments are apportioned between the finance charge and the outstanding liability. The finance charge is allocated to periods during the lease term at a constant periodic rate of interest on the remaining balance of the liability. Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Payments made under operating leases are recognized in the consolidated statement of income on a straight-line basis over the lease term. b) Arrangements where the Company is the lessor In certain arrangements, the Company recognizes revenue from the sale of products given under finance leases. The Company records gross finance receivables, unearned income and the estimated residual value of the leased equipment on consummation of such leases. Unearned income represents the excess of the gross finance lease receivable plus the estimated residual value over the sales price of the equipment. The Company recognizes unearned income as finance income over the lease term using the effective interest method. |
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. |
Financial assets | 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, lease receivables, contract assets 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 and 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. |
Non-financial assets | B) Non-financial The Company assesses long-lived assets such as property, plant, equipment and acquired 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. 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 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. An impairment in respect of goodwill is not reversed. |
Employee benefits | (xi) Employee benefits Post-employment and pension 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 only 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. Remeasurement comprising actuarial gains or losses and the return on plan assets (excluding interest) are immediately recognized in other comprehensive income, net of taxes and permanently excluded from profit or loss. Instead 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 remeasurement of net defined liability or asset through other comprehensive income, net of taxes. The Company has the following employee benefit plans: a. Provident fund Employees receive benefits from a provident fund, which is a defined benefit plan. The employer and employees each make periodic contributions to the plan. A portion of the contribution is made to the approved provident fund trust managed by the Company while the remainder of the 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. b. 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. c. Gratuity 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’s obligation in respect of the gratuity plan, which is a defined benefit plan, is provided for based on actuarial valuation using the projected unit credit method. The Company recognizes actuarial gains and losses in other comprehensive income, net of taxes. d. Termination benefits Termination benefits are expensed when the Company can no longer withdraw the offer of those benefits. e. Short-term benefits Short-term employee benefit obligations 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 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. f. 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 |
Share based payment transactions | (xii) Share-based payment transactions Selected employees of the Company receive remuneration in the form of equity 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 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 that will eventually vest. |
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, taking into account 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, business process services, sale of IT and other products. 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 in exchange for those products or services. 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. At contract inception, the Company assesses its promise to transfer products or services to a customer to identify separate performance obligations. The Company applies judgement 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 arrangement consideration to separately identifiable performance obligation 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 the services rendered: A. Time and materials contracts Revenues and costs relating to time and materials are recognized as the related services are rendered. B. Fixed-price contracts i. Fixed-price development contracts Revenues from fixed-price contracts, including software development, and integration contracts, where the performance obligations are satisfied over time, are recognized using the “percentage-of-completion” 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 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. Unbilled revenues on other than fixed price development contracts are classified as a financial asset where the right to consideration is unconditional upon passage of time ii. Maintenance contracts Revenues related to fixed-price maintenance, testing and business process services are recognized based on our right to invoice for services performed for contracts in which the invoicing is representative of the value being delivered. If our invoicing is not consistent with value delivered, revenues are recognized as the service is performed using the percentage of completion method. When services are performed through an indefinite number of repetitive acts over a specified period, revenue is recognized on a straight-line basis over the specified period unless some other method better represents the stage of completion. 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. 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 asset. D. Others • Any change in scope or price is considered as 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 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. • Revenues are shown net of allowances/ returns, sales tax, value added tax, goods and services tax and applicable discounts and allowances. • 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 and amortized over the contract term. • 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. The asset so recognized is amortized 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 a year 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. • 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. If Company controls the good or service before it is transferred to the customer, Company is the principal; if not, the Company is the agent. |
Finance expenses | (xv) Finance expenses Finance expenses comprises interest cost on borrowings, gains or losses arising on re-measurement |
Finance and other income | (xvi) Finance and other income Finance and other income comprise interest income on deposits, dividend income and gains / (losses) on disposal of investments. 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. 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 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. |
Cash flow statement | (xix) Cash flow statement Cash flow are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash The amendment to IAS 7, require entities to provide disclosures about changes in their liabilities arising from financing activities, including both changes arising from cash flows and non-cash |
Assets held for sale | (xx) Assets held for sale Sale of business is classified as held for sale, if their carrying amount is intended to be recovered principally through sale rather than through continuing use. The condition for classification as held for sale is met when disposal business is available for immediate sale and the same is highly probable of being completed within one year from the date of classification as held for sale. |
Discontinued operations | (xxi) Discontinued operations A discontinued operation is a component of the Company’s business that represents a separate line of business that has been disposed off or is held for sale, or is a subsidiary acquired exclusively with a view to resale. Classification as a discontinued operation occurs upon the earlier of disposal or when the operation meets the criteria to be classified as held for sale. |
Disposal of assets | (xxii) Disposal of assets The gain or loss arising on disposal or retirement of assets are recognized in the consolidated statement of income. |
New Accounting standards adopted by the Company | New Accounting standards adopted by the Company: IFRS 15 — Revenue from Contracts with Customers On April 1, 2018, the Company adopted IFRS 15, “Revenue from Contracts with Customers” using the cumulative catch-up catch-up The adoption of the new standard has resulted in a reduction of ₹ On account of adoption of IFRS 15, unbilled revenues pertaining to fixed price development contracts of ₹ non-financial Unbilled revenues ₹ The adoption of IFRS 15, did not have any material impact on the consolidated statement of income and earnings per share for year ended March 31, 2019. A. Contract Asset and Liabilities The Company classifies its right to consideration in exchange for deliverables as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional. A right to consideration is unconditional if only the passage of time is required before payment of that consideration is due. For example, the company recognizes a receivable for revenues related to time and materials contracts or volume-based contracts. The Company present such receivables as part of unbilled receivables at their net estimated realizable value. Contract liabilities: ₹ Contract assets: ₹ ₹ 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 unearned revenue 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 customer 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, 2019, the aggregate amount of transaction price allocated to remaining performance obligations, other than those meeting the exclusion criteria above, was ₹ C. Disaggregation of Revenues The table below presents disaggregated revenues from contracts with customers by business segment, customer location and contract-type. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors. IT Services Products ISRE Total BFSI Health BU CBU ENU TECH MFG COMM Total A. Revenue Rendering of services 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 — 7,965 571,301 Sales of products — — — — — — — — 14,544 — 14,544 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 B. Revenue by geography India 3,868 2,295 1,006 1,690 1,392 1,534 3,095 14,880 8,154 7,965 30,999 Americas 98,428 57,204 59,262 22,739 54,679 21,541 7,694 321,547 2,112 — 323,659 Europe 46,856 7,591 17,636 29,795 16,441 18,211 7,420 143,950 2,240 — 146,190 Rest of World 24,364 6,852 10,893 18,105 3,596 4,869 14,280 82,959 2,038 — 84,997 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 C. Revenue by nature of contract Fixed price and volume based 89,378 53,462 50,425 51,799 47,055 31,843 19,847 343,809 — 6,176 349,985 Time and materials 84,138 20,480 38,372 20,530 29,053 14,312 12,642 219,527 — 1,789 221,316 Products — — — — — — — — 14,544 — 14,544 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 IFRIC 22 — Foreign currency transactions and Advance consideration The Company has applied IFRIC 22 prospectively effective April 1, 2018. The effect on adoption of IFRIC 22 on the consolidated financial statements is insignificant. |
New accounting standards not yet adopted | New accounting standards not yet adopted: Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1 2018, 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: IFRS 16 — Leases On January 13, 2016, the International Accounting Standards Board issued IFRS 16, Leases. IFRS 16 will replace the existing leases Standard, IAS 17 Leases, and related interpretations. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. The Standard also contains enhanced disclosure requirements for lessees. The standard allows for two methods of transition: the full retrospective approach, requires entities to retrospectively apply the new standard to each prior reporting period presented and the entities need to adjust equity at the beginning of the earliest comparative period presented, or the modified retrospective approach, under which the date of initial application of the new leases standard, lessees recognize the cumulative effect of initial application as an adjustment to the opening balance of equity as at annual periods beginning on or after January 1, 2019. The Company will adopt this standard using modified retrospective method effective April 1, 2019, and accordingly, the comparative for year ended March 31, 2018 and 2019, will not be retrospectively adjusted. The Company has elected certain available practical expedients on transition. Based on assessment, the effect of adoption as on transition date would majorly result in recognizing a right-of-use ₹ ₹ IFRIC 23 — Uncertainty over Income Tax treatments On June 7, 2017, the International Accounting Standards Board issued IFRIC 23 which clarifies the accounting for uncertainties in income taxes. The interpretation is to be applied to the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is uncertainty over income tax treatments under IAS 12. The entity has to consider the probability of the relevant taxation authority accepting the tax treatment and the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates would depend upon the probability. The effective date for adoption of IFRIC 23 for annual periods beginning on or after January 1, 2019, though early adoption is permitted. The Company will apply IFRIC 23 prospectively from the effective date and the effect on adoption of IFRIC 23 on the consolidated financial statement is insignificant. Amendment to IAS 12 — Income Taxes In December 2017, the International Accounting Standard Board had issued amendments to IAS 12 – Income Taxes. The amendments clarify that an entity shall recognize the income tax consequences of dividends on financial instruments classified as equity according to where the entity originally recognized those past transactions or events that generated distributable profits were recognized. The effective date of these amendments is annual periods beginning on or after January 1, 2019, though earlier adoption is permitted. The Company does not plan to early adopt this amendment and is currently assessing the impact of this amendment on the Company’s consolidated financial statements. Amendment to IAS 19 — Plan Amendment, Curtailment or Settlement On 7 February 2018, the International Accounting Standard Board has issued amendments to IAS 19, ‘Employee Benefits’, in connection with accounting for plan amendments, curtailments and settlements requiring an entity to determine the current service costs and the net interest for the period after the remeasurement using the assumptions used for the remeasurement; and determine the net interest for the remaining period based on the remeasured net defined benefit liability or asset. These amendments are effective for annual reporting periods beginning on or after January 1, 2019, with early application permitted. The Company will apply the amendment to IAS 19 prospectively from the effective date and the effect on adoption of the amendment on the consolidated financial statement is insignificant. Amendment to IFRS 3 — Business combination On October 22, 2018, the International Accounting Standard Board has issued amendments to IFRS 3, ‘Business Combinations’, in connection with clarification of business definition, which help in determining whether an acquisition made is of a business or a group of assets. The amendment added a test that makes it easier to conclude that a company has acquired a group of assets, rather than a business, if the value of the assets acquired is substantially all concentrated in a single asset or group of similar assets. These amendments are effective for annual reporting periods beginning on or after January 1, 2020, with early application permitted. The Company is currently evaluating the impact of amendment to IFRS 3 on the Company’s consolidated financial statement. |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
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 machinery 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 lives of the amortizable intangible assets for the current and comparative periods are as follows: Category Useful life Customer-related intangibles 5 to 15 years Marketing related intangibles 3 to 5 years |
Schedule of Disaggregation of Revenues | The table below presents disaggregated revenues from contracts with customers by business segment, customer location and contract-type. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors. IT Services Products ISRE Total BFSI Health BU CBU ENU TECH MFG COMM Total A. Revenue Rendering of services 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 — 7,965 571,301 Sales of products — — — — — — — — 14,544 — 14,544 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 B. Revenue by geography India 3,868 2,295 1,006 1,690 1,392 1,534 3,095 14,880 8,154 7,965 30,999 Americas 98,428 57,204 59,262 22,739 54,679 21,541 7,694 321,547 2,112 — 323,659 Europe 46,856 7,591 17,636 29,795 16,441 18,211 7,420 143,950 2,240 — 146,190 Rest of World 24,364 6,852 10,893 18,105 3,596 4,869 14,280 82,959 2,038 — 84,997 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 C. Revenue by nature of contract Fixed price and volume based 89,378 53,462 50,425 51,799 47,055 31,843 19,847 343,809 — 6,176 349,985 Time and materials 84,138 20,480 38,372 20,530 29,053 14,312 12,642 219,527 — 1,789 221,316 Products — — — — — — — — 14,544 — 14,544 173,516 73,942 88,797 72,329 76,108 46,155 32,489 563,336 14,544 7,965 585,845 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Disclosure of Summary about Property, Plant and Equipment | Land Buildings Plant and Furniture Vehicles Total Gross carrying value: As at April 1, 2017 ₹ 3,814 ₹ 27,581 ₹ 108,967 ₹ 15,748 ₹ 432 ₹ 156,542 Translation adjustment 28 265 904 188 2 1,387 Additions 2 1,197 11,767 1,776 1,003 15,745 Acquisition through business combinations — 13 4 11 1 29 Disposals — (190 ) (7,302 ) (872 ) (294 ) (8,658 ) Assets reclassified as held for sale (207 ) (3,721 ) (27,118 ) (1,079 ) (5 ) (32,130 ) As at March 31, 2018 3,637 25,145 87,222 15,772 1,139 132,915 Accumulated depreciation/ impairment: As at April 1, 2017 — ₹ 6,361 ₹ 77,005 ₹ 11,968 ₹ 365 ₹ 95,699 Translation adjustment — 49 509 104 — 662 Depreciation — 1,023 14,078 1,381 387 16,869 Disposals — (70 ) (6,640 ) (758 ) (242 ) (7,710 ) Assets reclassified as held for sale (1,539 ) (19,627 ) (712 ) (4 ) (21,882 ) As at March 31, 2018 — 5,824 65,325 11,983 506 83,638 Capital work-in-progress ₹ 15,680 Assets reclassified as held for sale (514 ) Net carrying value including Capital work-in-progress ₹ 64,443 Gross carrying value: As at April 1, 2018 ₹ 3,637 ₹ 25,145 ₹ 87,222 ₹ 15,772 ₹ 1,139 ₹ 132,915 Translation adjustment (5 ) (8 ) 613 — (6 ) 594 Additions 65 2,684 10,402 1,951 4 15,106 Disposals — (331 ) (5,871 ) (1,218 ) (189 ) (7,609 ) As at March 31, 2019 ₹ 3,697 ₹ 27,490 ₹ 92,366 ₹ 16,505 ₹ 948 ₹ 141,006 Accumulated depreciation/ impairment: As at April 1, 2018 — 5,824 65,325 11,983 506 ₹ 83,638 Translation adjustment — 8 332 (6 ) (3 ) 331 Depreciation and impairment ** — 1,034 12,298 1,363 304 14,999 Disposals — (151 ) (4,767 ) (747 ) (125 ) (5,790 ) As at March 31, 2019 — 6,715 73,188 12,593 682 93,178 Capital work-in-progress ₹ 22,773 Net carrying value including Capital work-in-progress ₹ 70,601 * Including net carrying value of computer equipment and software amounting to ₹ ₹ ** Includes impairment charge on software platform recognized on acquisitions, amounting to Nil, Nil and ₹ |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Movement in Goodwill Balance | The movement in goodwill balance is given below: Year ended March 31, 2018 2019 Balance at the beginning of the year ₹ 125,796 ₹ 117,584 Translation adjustment 2,970 4,529 Disposal (Refer Note 22) — (4,893 ) Acquisition through business combination 1,172 — Assets reclassified as held for sale (12,354 ) (240 ) Balance at the end of the year ₹ 117,584 ₹ 116,980 |
Summary of Allocation of Goodwill to CGUs | Consequently, goodwill has been allocated to the new CGUs as at March 31, 2019 as follows: CGUs As at March 31, Banking Financial Services and Insurance (BFSI) ₹ 17,713 Healthcare and Life Sciences (Health BU) 50,670 Consumer (CBU) 13,587 Energy, Natural Resources and Utilities (ENU) 15,203 Manufacturing (MFG) 8,991 Technology (TECH) 9,846 Communication (COMM) 970 ₹ 116,980 Following table presents the allocation of goodwill to the CGUs for the year ended March 31, 2018: CGUs As at March 31, Banking Financial Services and Insurance (BFSI) ₹ 17,475 Healthcare and Life Sciences (HLS) 49,085 Consumer (CBU) 14,776 Energy, Natural Resources and Utilities (ENU) 14,863 Manufacturing and Technology (MNT) 20,406 Communication (COMM) 979 ₹ 117,584 |
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, 2017 ₹ 20,528 ₹ 6,279 ₹ 26,807 Translation adjustment 493 103 596 Acquisition through business combinations 5,565 169 5,734 As at March 31, 2018 ₹ 26,586 ₹ 6,551 ₹ 33,137 Accumulated amortization/ impairment: As at April 1, 2017 ₹ 9,264 ₹ 1,621 ₹ 10,885 Translation adjustment 14 11 25 Amortization and impairment * 2,985 1,129 4,114 As at March 31, 2018 ₹ 12,263 ₹ 2,761 ₹ 15,024 Net carrying value as at March 31, 2018 ₹ 14,323 ₹ 3,790 ₹ 18,113 Gross carrying value: As at April 1, 2018 ₹ 26,586 ₹ 6,551 ₹ 33,137 Translation adjustment 555 217 772 Disposal (Refer Note 22) (217 ) (823 ) (1,040 ) As at March 31, 2019 ₹ 26,924 ₹ 5,945 ₹ 32,869 Accumulated amortization/ impairment: As at April 1, 2018 ₹ 12,263 ₹ 2,761 ₹ 15,024 Translation adjustment 35 64 99 Amortization and impairment * 3,148 1,136 4,284 Disposal (Refer Note 22) (101 ) (199 ) (300 ) As at March 31, 2019 ₹ 15,345 ₹ 3,762 ₹ 19,107 Net carrying value as at March 31, 2019 ₹ 11,579 ₹ 2,183 ₹ 13,762 * includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ |
Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition | As at March 31, 2019, the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Estimated remaining amortization Global oil and gas information technology practice of the Commercial Business Services, Business Unit of Science Applications International Corporation 1.25 – 2.25 years Promax Application Group 3.25 years Opus Capital Markets Consultants LLC 1.75 years ATCO I-Tek 5.50 years Designit AS 1.25 years Cellent AG 1.75 – 3.75 years Appirio Inc. 2.75 years Other entities 1 – 13.25 years |
Business combination (Tables)
Business combination (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Appirio Inc [member] | |
Statement [LineItems] | |
Schedule of Allocation of Purchase Price in Net Assets Include both Financial and Non Financial Assets | The following table presents the allocation of purchase price: Description Pre-acquisition Fair value Purchase price Net assets ₹ 526 ₹ (29 ) ₹ 497 Technology platform 436 (89 ) 347 Customer related intangibles — 2,323 2,323 Brand 180 2,968 3,148 Alliance relationship — 858 858 Deferred tax liabilities on intangible assets — (2,791 ) (2,791 ) Total ₹ 1,142 ₹ 3,240 ₹ 4,382 Goodwill 28,020 Total purchase price ₹ 32,402 |
Material acquisitions [member] | |
Statement [LineItems] | |
Schedule of Allocation of Purchase Price in Net Assets Include both Financial and Non Financial Assets | The following table presents the allocation of purchase price: Description Purchase Net assets ₹ 5 Customer related intangibles 5,565 Other intangible assets 169 Total ₹ 5,739 Goodwill 1,185 Total purchase price ₹ 6,924 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Schedule of Investment | Investments consist of the followings: As at March 31, 2018 2019 Non-current Financial instruments at FVTOCI Equity instruments ₹ 4,140 ₹ 6,916 Financial instruments at amortized cost Inter corporate and term deposits * 3,528 — ₹ 7,668 ₹ 6,916 Current Financial instruments at FVTOCI Equity instruments ₹ 1,545 ₹ — Financial instruments at FVTPL Investments in liquid and short-term mutual funds 46,438 13,960 Financial instruments at FVTOCI Commercial paper, Certificate of deposits and bonds 176,234 185,048 Financial instruments at amortized cost Inter corporate and term deposits * 24,877 21,708 ₹ 249,094 ₹ 220,716 Total ₹ 256,762 ₹ 227,632 * These deposits earn a fixed rate of interest. Term deposits include deposits in lien with banks amounting to ₹ ₹ |
Summary of Financial Information in Respect of Immaterial Associates Accounted for Using Equity Method | The Company has no material associates as at March 31, 2019. The aggregate summarized financial information in respect of the Company’s immaterial associates that are accounted for using the equity method is set forth below: As at March 31, 2018 2019 Carrying amount of the Company’s interest in associates accounted for using the equity method 1,206 1,235 For the year ended March 31, 2018 2019 Company’s share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income 11 (43 ) |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Schedule of Trade Receivables | As at March 31, 2018 2019 Trade receivables ₹ 121,413 ₹ 119,686 Allowance for lifetime expected credit loss (14,570 ) (14,824 ) Assets reclassified as held for sale (1,407 ) — ₹ 105,436 ₹ 104,862 Non-current 4,446 4,373 Current 100,990 100,489 |
Summary of Allowance for Credit Loss | The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2018 2019 Balance at the beginning of the year ₹ 9,108 ₹ 14,570 Additions during the year, net (Refer Note 21) 5,456 980 Charged against allowance (29 ) (772 ) Translation adjustment 35 46 Balance at the end of the year ₹ 14,570 ₹ 14,824 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Schedule of Inventories | Inventories consist of the following: As at March 31, 2018 2019 Stores and spare parts ₹ 769 ₹ 677 Finished goods and traded goods 2,601 3,274 ₹ 3,370 ₹ 3,951 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | Cash and cash equivalents as at March 31, 2017, 2018 and 2019, consist of cash and balances on deposit with banks. Cash and cash equivalents consist of the following: As at March 31, 2017 2018 2019 Cash and bank balances ₹ 27,808 ₹ 23,300 ₹ 41,966 Demand deposits with banks * 24,902 21,625 116,563 ₹ 52,710 ₹ 44,925 ₹ 158,529 * These deposits can be withdrawn by the Company at any time without prior notice and 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 cash flow statement: As at March 31, 2017 2018 2019 Cash and cash equivalents (as above) ₹ 52,710 ₹ 44,925 ₹ 158,529 Bank overdrafts (1,992 ) (3,999 ) (4 ) ₹ 50,718 ₹ 40,926 ₹ 158,525 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Other Assets | As at March 31, 2018 2019 Non-current Financial asset Security deposits ₹ 1,197 ₹ 1,436 Other deposits 250 777 Interest receivables — 1,139 Finance lease receivables 2,739 1,794 ₹ 4,186 ₹ 5,146 Non-Financial Prepaid expenses including rentals for leasehold land ₹ 7,602 ₹ 6,323 Cost to obtain contract — 4,212 Others 4,468 5,337 Assets reclassified as held for sale (530 ) — ₹ 11,540 ₹ 15,872 Other non-current ₹ 15,726 ₹ 21,018 Current Financial asset Security deposits ₹ 1,238 ₹ 1,050 Other deposits 59 33 Due from officers and employees 697 738 Finance lease receivables 2,271 1,618 Interest receivables 491 1,789 Others 2,673 9,383 ₹ 7,429 ₹ 14,611 Non-Financial Prepaid expenses ₹ 14,407 ₹ 12,148 Due from officers and employees 1,175 871 Advance to suppliers 1,819 3,247 Deferred contract costs 3,211 — Balance with excise, customs and other authorities 3,886 5,543 Cost to obtain contract — 1,170 Others 50 107 Assets reclassified as held for sale (1,381 ) — ₹ 23,167 ₹ 23,086 Other current assets ₹ 30,596 ₹ 37,697 Total ₹ 46,322 ₹ 58,715 |
Summary of Finance Lease Receivables | Details of finance lease receivables are given below: Minimum lease Present value of minimum As at March 31, 2018 2019 2018 2019 Not later than one year ₹ 2,414 ₹ 1,742 ₹ 2,271 ₹ 1,618 Later than one year but not later than five years 2,890 1,813 2,739 1,752 Later than five years — 44 — 42 Gross investment in lease 5,304 3,599 5,010 3,412 Less: Unearned finance income (294 ) (187 ) — — Present value of minimum lease payment receivables ₹ 5,010 ₹ 3,412 ₹ 5,010 ₹ 3,412 Non-current 2,739 1,794 Current finance lease receivables 2,271 1,618 |
Loans, borrowings and bank ov_2
Loans, borrowings and bank overdrafts (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Long - Term Loans and Borrowings | Long-term loans and borrowings As at March 31, 2018 As at March 31, 2019 Currency Foreign Indian Rupee Foreign Indian Rupee Interest rate Final maturity Unsecured external commercial borrowing U.S. Dollar 150 9,777 — — — — Unsecured loans U.S. Dollar 625 40,715 382 26,395 3.01% - 3.81 % July 2021 Canadian Dollar (CAD) 72 3,660 52 2,701 1.48% - 3.26 % July 2021 Indian Rupee — 366 — 162 8.29% - 9.35 % December 2021 Australian Dollar (AUD) 2 92 1 70 4.65 % January 2022 Great British Pound (GBP) ^ 42 ^ 31 2.93 % February 2022 Euro ^ 24 ^ 19 2.98 % December 2020 Brazilian Real (BRL) 1 12 ^ 2 14.04 % May 2019 ₹ 54,688 ₹ 29,380 Obligations under finance leases 5,442 2,002 Liabilities directly associated with assets held for sale (1,469 ) — 3,973 2,002 ₹ 58,661 ₹ 31,382 Non-current 45,268 28,368 Current portion of long term loans and borrowings 13,393 3,014 ^ Value is less than 1 |
Summary of Changes in Financing Liabilities Arising from Cash and Non-cash Changes | Changes in financing liabilities arising from cash and non-cash Non-cash April 1, 2017 Cash flow Assets Foreign Less: March 31, Borrowings from banks ₹ 120,911 ₹ (6,661 ) ₹ — ₹ 5,439 — ₹ 119,689 Bank overdrafts 1,992 2,007 — — — 3,999 External commercial borrowings 9,728 — — 49 — 9,777 Obligations under finance leases 8,280 (3,627 ) 766 23 (1,469 ) 3,973 Loans from other than bank 1,501 (695 ) — 15 — 821 ₹ 142,412 ₹ (8,976 ) ₹ 766 ₹ 5,526 ₹ (1,469 ) ₹ 138,259 Non-cash April 1, Cash flow Assets taken Foreign March 31, Borrowings from banks ₹ 119,689 ₹ (26,228 ) ₹ — ₹ 3,518 ₹ 96,979 Bank overdrafts 3,999 (3,995 ) — — 4 External commercial borrowings 9,777 (10,064 ) — 287 — Obligations under finance leases 3,973 (2,234 ) 14 249 2,002 Loans from other than bank 821 (352 ) — 13 482 ₹ 138,259 ₹ (42,873 ) ₹ 14 ₹ 4,067 ₹ 99,467 |
Schedule of Finance Lease Payments | Finance lease payables consist of liabilities that are taken on lease for a contract term ranging from 1 to 5 years, with lease payments due in monthly or quarterly installments. Details of finance lease payables are given below: Minimum lease Present value of As at March 31, 2018 2019 2018 2019 Not later than one year ₹ 3,838 ₹ 1,555 ₹ 3,720 ₹ 1,506 Later than one year but not later than five years 1,784 506 1,722 496 Later than five years — — Total minimum lease payments 5,622 2,061 5,442 2,002 Less: Amounts representing interest (180 ) (59 ) — — Present value of minimum lease payment payables ₹ 5,442 ₹ 2,002 ₹ 5,442 ₹ 2,002 Liabilities directly associated with assets held for sale (1,469 ) — (1,469 ) — Obligation under finance lease ₹ 3,973 ₹ 2,002 ₹ 3,973 ₹ 2,002 Non-current 1,722 496 Current finance lease payables 2,251 1,506 |
Trade payables and accrued ex_2
Trade payables and accrued expenses (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Trade Payables and Accrued Expenses | Trade payables and accrued expenses consist of the followings: As at March 31, 2018 2019 Trade payables ₹ 24,406 ₹ 28,527 Accrued expenses 45,632 59,777 Liabilities directly associated with assets held for sale (1,909 ) — ₹ 68,129 ₹ 88,304 |
Other liabilities and provisi_2
Other liabilities and provisions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Other Liabilities and Provisions | As at March 31, Other liabilities 2018 2019 Non-current Financial liabilities Deposits and others ₹ 7 ₹ — ₹ 7 ₹ — Non-Financial Employee benefits obligations ₹ 1,791 ₹ 2,083 Others 2,440 3,175 Liabilities directly associated with assets held for sale (8 ) — ₹ 4,223 ₹ 5,258 Other non-current ₹ 4,230 ₹ 5,258 Current Financial liabilities Deposits and others ₹ 1,050 ₹ 644 ₹ 1,050 ₹ 644 Non-Financial Statutory and other liabilities ₹ 4,263 ₹ 5,430 Employee benefits obligations 8,537 10,065 Advance from customers 1,901 1,361 Others 1,139 1,190 Liabilities directly associated with assets held for sale (277 ) — ₹ 15,563 ₹ 18,046 Other current liabilities ₹ 16,613 ₹ 18,690 Total ₹ 20,843 ₹ 23,948 As at March 31, Provisions 2018 2019 Non-current Provision for warranty ₹ 3 ₹ 2 ₹ 3 ₹ 2 Current Provision for warranty ₹ 290 ₹ 275 Others 506 363 ₹ 796 ₹ 638 ₹ 799 ₹ 640 |
Summary of Activity for Provision for Warranty and Other Provisions | A summary of activity for provision for warranty and other provisions is as follows: Year ended March 31, 2018 Year ended March 31, 2019 Provision for Others Total Provision for Others Total Balance at the beginning of the year ₹ 440 ₹ 834 ₹ 1,274 ₹ 293 ₹ 506 ₹ 799 Additional provision during the year 317 7 324 295 13 308 Provision used during the year (464 ) (335 ) (799 ) (311 ) (156 ) (467 ) Balance at the end of the year ₹ 293 ₹ 506 ₹ 799 ₹ 277 ₹ 363 ₹ 640 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Financial Assets and Liabilities | Financial assets and liabilities (carrying value / fair value) As at March 31, 2018 2019 Assets: Cash and cash equivalents ₹ 44,925 ₹ 158,529 Investments Financial instrument at FVTPL 46,438 13,960 Financial instrument at FVTOCI 181,919 191,964 Financial instrument at Amortized cost 28,405 21,708 Other financial assets Trade receivables 105,436 104,862 Unbilled receivables * 42,486 22,880 Other assets 11,615 19,757 Derivative assets 1,273 5,104 ₹ 462,497 ₹ 538,764 Liabilities: Trade payables and other payables Trade payables and accrued expenses ₹ 68,129 ₹ 88,304 Other liabilities 1,057 644 Loans, borrowings and bank overdrafts 138,259 99,467 Derivative liabilities 2,217 1,310 ₹ 209,662 ₹ 189,725 * On account of adoption of IFRS 15, unbilled revenues pertaining to fixed price development contracts of ₹ non-financial |
Summary of Offsetting Other Financial Assets and Trade Payable and Other Liabilities | The following table contains information on other financial assets and trade payable and other liabilities subject to offsetting: Financial assets Gross amounts of Gross amounts of Net amounts of As at March 31, 2018 165,985 (6,448 ) 159,537 As at March 31, 2019 154,129 (6,630 ) 147,499 Financial liabilities Gross amounts of Gross amounts of Net amounts of As at March 31, 2018 75,634 (6,448 ) 69,186 As at March 31, 2019 95,578 (6,630 ) 88,948 |
Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis | The following table presents fair value of hierarchy of assets and liabilities measured at fair value on a recurring basis: Particular As at March 31, 2018 As at March 31, 2019 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 1,139 — 1,139 — 3,149 — 3,149 — Others 134 — 134 — 1,955 — 1,955 — Investments: Investment in liquid and short-term mutual funds 46,438 46,438 — — 13,960 13,960 — — Investment in equity instruments 5,685 — — 5,685 6,916 — 248 6,668 Commercial paper, Certificate of deposits and bonds 176,234 1,951 174,283 — 185,048 6,865 178,183 Liabilities Derivative instruments: Cash flow hedges (1,276 ) — (1,276 ) — (130 ) — (130 ) — Others (941 ) — (941 ) — (1,180 ) — (1,180 ) — |
Summary of Details of Assets and Liabilities Considered under Level 3 Classification | Details of assets and liabilities considered under Level 3 classification Investment in equity instruments Derivative Assets- Liabilities- Balance as at April 1, 2017 ₹ 5,303 ₹ 426 ₹ (339 ) Additions 1,851 — — Payouts — — 164 Transferred to Investments accounted for using the equity method (357 ) — — Gain/loss recognized in consolidated statement of income — (426 ) 167 Gain/loss recognized in foreign currency translation reserve 53 — (32 ) Gain/loss recognized in other comprehensive income (1,165 ) — — Finance expense recognized in consolidated statement of income — — 40 Balance as at March 31, 2018 ₹ 5,685 ₹ — ₹ — Balance as at April 1, 2018 ₹ 5,685 ₹ — ₹ — Additions 2,869 — — Transfers out of level 3 (647 ) — — Disposal (1,341 ) — — Gain/loss recognized in foreign currency translation reserve 203 — — Gain/loss recognized in other comprehensive income (101 ) — — Balance as at March 31, 2019 ₹ 6,668 ₹ — — |
Summary of Significant Unobservable Inputs to Valuation | Description of significant unobservable inputs to valuation: As at March 31, 2019 Items Valuation technique Significant Movement Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 0.5 % 201 (187 ) Investments cash flow model Discount rate 0.5 % (243 ) 256 As at March 31, 2018 Items Valuation technique Significant Movement Increase ₹ ) Decrease ₹ ) Unquoted equity Third party quote Revenue achievement 1.0 % 18 (18 ) investments* * Carrying value ₹ |
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, 2018 2019 Notional Fair value Notional Fair value Designated derivatives instruments Sell : Forward contracts USD 904 ₹ 951 USD 333 ₹ 1,410 € 134 ₹ (531 ) € — — £ 147 ₹ (667 ) £ — — AUD 77 ₹ 29 AUD 97 ₹ 15 Range forward options contracts USD 182 ₹ 5 USD 1,067 ₹ 1,149 £ 13 ₹ 5 £ 191 ₹ 68 € 10 ₹ 2 € 153 ₹ 349 AUD — — AUD 56 ₹ 39 Interest rate swaps USD 75 ₹ (7 ) USD 75 ₹ (11 ) Non-designated Sell : Forward contracts USD 939 ₹ (360 ) USD 1,182 ₹ 1,359 € 58 ₹ 6 € 32 ₹ 55 £ 95 ₹ (56 ) £ 1 ₹ (1 ) AUD 77 ₹ 68 AUD 82 ₹ 28 SGD 6 ₹ (1 ) SGD 11 ₹ 1 ZAR 132 ₹ (16 ) ZAR 56 ₹ 14 CAD 14 ₹ 32 CAD 56 ₹ 40 SAR 62 — SAR 123 (1 ) AED 8 — AED 9 ^ PLN 36 ₹ 12 PLN 38 ₹ 15 CHF 6 ₹ 3 CHF 10 ^ QAR 11 ₹ (3 ) QAR 3 ₹ (1 ) TRY 10 ₹ 8 TRY 28 ₹ 12 MXN 61 ₹ (6 ) MXN — — NOK 34 ₹ 3 NOK 29 ₹ 4 OMR 3 ₹ (1 ) OMR 1 ₹ (1 ) SEK 35 ₹ 5 Range forward options contracts USD 50 ₹ (6 ) USD 150 ₹ 161 € — — € 31 ₹ 12 £ 20 ₹ (2 ) £ 71 ₹ 57 Buy : Forward contracts USD 575 ₹ (417 ) USD 730 ₹ (971 ) JPY 399 ₹ 6 JPY 154 ^ MXN — — MXN 9 ^ DKK 9 ₹ (1 ) DKK 75 ₹ (13 ) ₹ (944 ) ₹ 3,794 ^ Value is less than ₹ |
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, 2018 2019 Balance as at the beginning of the year ₹ 7,325 ₹ (143 ) Deferred cancellation gain/ (loss), net (6 ) 6 Changes in fair value of effective portion of derivatives (12 ) 1,069 Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions (7,450 ) 2,087 Gain/(loss) on cash flow hedging derivatives, net ₹ (7,468 ) ₹ 3,162 Balance as at the end of the year (143 ) 3,019 Deferred tax thereon 29 (604 ) Balance as at the end of the year, net of deferred tax ₹ (114 ) ₹ 2,415 |
Summary of Foreign Currency Risk from Non-derivative Financial Instruments | The below table presents foreign currency risk from non-derivative As at March 31, 2018 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 32,948 ₹ 7,273 ₹ 6,585 ₹ 3,459 ₹ 990 ₹ 3,651 ₹ 54,906 Unbilled revenues 13,893 2,571 5,189 2,094 338 1,609 25,694 Cash and cash equivalent 9,144 3,791 1,685 786 34 2,241 17,681 Other assets 13,796 1,993 4,061 1,164 940 4,459 26,413 Loans, borrowings and bank overdrafts (49,257 ) (41 ) (37 ) (165 ) — (137 ) (49,637 ) Trade payables accrued expenses and other liabilities (23,561 ) (3,962 ) (5,958 ) (1,516 ) (652 ) (2,942 ) (38,591 ) Net assets/ (liabilities) ₹ (3,037 ) ₹ 11,625 ₹ 11,525 ₹ 5,822 ₹ 1,650 ₹ 8,881 ₹ 36,466 As at March 31, 2019 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 39,896 ₹ 8,030 ₹ 5,212 ₹ 3,542 ₹ 1,528 ₹ 3,880 ₹ 62,088 Unbilled receivables 8,038 1,609 3,146 1,225 204 743 14,965 Contract assets 4,706 1,445 2,270 836 150 598 10,005 Cash and cash equivalent 21,997 2,884 1,573 1,003 1,928 2,204 31,589 Other assets 8,553 1,173 4,056 1,038 1,033 4,544 20,397 Loans, borrowings and bank overdrafts (50,516 ) (20 ) (21 ) (33 ) — (21 ) (50,611 ) Trade payables accrued expenses and other liabilities (27,202 ) (5,779 ) (4,646 ) (1,526 ) (806 ) (2,787 ) (42,746 ) Net assets/ (liabilities) ₹ 5,472 ₹ 9,342 ₹ 11,590 ₹ 6,085 ₹ 4,037 ₹ 9,161 ₹ 45,687 # Other currencies reflect currencies such as Saudi Riyal, Singapore Dollars, Danish Krone, etc. |
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, 2018 Carrying Less than 1 year 1-2 2-4 4-7 years Total Loans, borrowings and bank overdrafts ₹ 138,259 ₹ 95,466 ₹ 18,997 ₹ 28,190 ₹ 6 ₹ 142,659 Trade payables and accrued expenses 68,129 68,129 — — — 68,129 Derivative liabilities 2,217 2,210 7 — — 2,217 Other liabilities 1,057 1,050 7 — — 1,057 As at March 31, 2019 Carrying Less than 1-2 2-4 4-7 Total Loans, borrowings and bank overdrafts ₹ 99,467 ₹ 73,559 ₹ 24,887 ₹ 4,309 ₹ — ₹ 102,755 Trade payables and accrued expenses 88,304 88,304 — — — 88,304 Derivative liabilities 1,310 1,310 — — — 1,310 Other liabilities 644 644 — — — 644 |
Summary of Balanced View of Liquidity and Financial Indebtedness | The balanced view of liquidity and financial indebtedness is stated in the table below. This calculation of the net cash position is used by the management for external communication with investors, analysts and rating agencies: As at March 31, 2018 2019 Cash and cash equivalent ₹ 44,925 ₹ 158,529 Investment 249,094 220,716 Loans and borrowings (138,259 ) (99,467 ) ₹ 155,760 ₹ 279,778 |
Foreign currency translation _2
Foreign currency translation reserve (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [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, 2018 2019 Balance at the beginning of the year ₹ 13,107 ₹ 16,618 Translation difference related to foreign operations, net 3,560 3,129 Reclassification of foreign currency translation differences to profit and loss on sale of hosted Data center services business — (4,131 ) Reclassification of foreign currency translation differences to profit and loss on sale of Workday and Cornerstone OnDemand business — (79 ) Change in effective portion of hedges of net investment in foreign operations (49 ) (287 ) Total change during the year 3,511 (1,368 ) Balance at the end of the year ₹ 16,618 ₹ 15,250 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Allocation of Income Tax Expense to Other Comprehensive Income | Income tax expenses has been allocated as follows: Year ended March 31, 2017 2018 2019 Income tax expense as per the consolidated statement of income ₹ 25,213 ₹ 22,390 ₹ 25,242 Income tax included in Other comprehensive income on: Unrealized gains/ (losses) on investment securities 594 (644 ) (65 ) Gains/(losses) on cash flow hedging derivatives 962 (1,448 ) 633 Defined benefit plan actuarial gains/(losses) 43 255 47 ₹ 26,812 ₹ 20,553 ₹ 25,857 |
Summary of Components of Income Tax Expense | Income tax expenses consists of the following: Year ended March 31, 2017 2018 2019 Current taxes Domestic ₹ 21,089 ₹ 18,500 ₹ 17,987 Foreign 5,412 7,834 5,663 26,501 26,334 23,650 Deferred taxes Domestic (63 ) 3 (180 ) Foreign (1,225 ) (3,947 ) 1,772 (1,288 ) (3,944 ) 1,592 ₹ 25,213 ₹ 22,390 ₹ 25,242 |
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, 2017 2018 2019 Profit before taxes ₹ 110,356 ₹ 102,474 ₹ 115,415 Enacted income tax rate in India 34.61 % 34.61 % 34.94 % Computed expected tax expense 38,194 35,466 40,326 Effect off: Income exempt from tax (12,684 ) (12,878 ) (18,469 ) Basis differences that will reverse during a tax holiday period (274 ) 167 (796 ) Income taxed at higher/ (lower) rates (1,105 ) (111 ) (1,002 ) Reversal of deferred tax for past years due to rate reduction * — (1,563 ) — Taxes related to prior years (593 ) (380 ) (2,267 ) Changes in unrecognized deferred tax assets 40 239 3,972 Expenses disallowed for tax purpose 1,787 1,431 3,503 Others, net (152 ) 19 (25 ) Income tax expense ₹ 25,213 ₹ 22,390 ₹ 25,242 Effective income tax rate 22.85 % 21.85 % 21.87 % * The “Tax Cuts and Jobs Act,” was signed into law on December 22, 2017 (‘US tax reforms’) which among other things, makes significant changes to the rules applicable to the taxation of corporations, such as changing the corporate tax rate from 35% to 21% rate effective January 1, 2018. For the year ended March 2018, the Company took a positive impact of ₹ re-statement |
Summary of Components of Deferred Tax Assets and Liabilities | The components of deferred tax assets and liabilities are as follows: As at March 31, 2018 2019 Carry forward losses * ₹ 5,694 ₹ 3,149 Trade payables, accrued expenses and other liabilities 3,107 3,713 Allowances for lifetime expected credit loss 4,499 4,521 Minimum alternate tax 74 — Cash flow hedges 29 — Others — 318 13,403 11,701 Property, plant and equipment (2,166 ) (1,840 ) Amortizable goodwill (1,810 ) (1,899 ) Intangible assets (3,190 ) (2,295 ) Interest on bonds and fair value movement of investments (1,712 ) (1,455 ) Cash flow hedges — (604 ) Contract liabilities (273 ) (289 ) Others (403 ) (1,132 ) (9,554 ) (9,514 ) Net deferred tax assets / (liabilities) ₹ 3,849 ₹ 2,187 Amounts presented in statement of financial position: Deferred tax assets ₹ 6,908 ₹ 5,604 Deferred tax liabilities ₹ (3,059 ) ₹ (3,417 ) * 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, Credit/(charge) in Credit/(charge) in On account of As at March 31, Carry forward losses 5,250 825 (562 ) — 5,513 Trade payables, accrued expenses and other liabilities 3,270 (44 ) (75 ) — 3,151 Allowances for lifetime expected credit loss 3,039 (77 ) (7 ) — 2,955 Minimum alternate tax 1,457 63 — — 1,520 Property, plant and equipment (4,262 ) (249 ) 358 — (4,153 ) Amortizable goodwill (3,963 ) (401 ) 307 — (4,057 ) Intangible assets (4,665 ) 2,639 279 (2,764 ) (4,511 ) Interest on bonds and fair value movement of investments (814 ) (837 ) (594 ) — (2,245 ) Cash flow hedges (458 ) — (961 ) — (1,419 ) Contract liabilities (4 ) (192 ) 13 — (183 ) Others 328 (439 ) 24 — (87 ) Total (822 ) 1,288 (1,218 ) (2,764 ) (3,516 ) Movement during the year ended As at April 1, Credit/ Credit/(charge) On account Assets held As at March 31, Carry forward losses 5,513 133 48 — — 5,694 Trade payables, accrued expenses and other liabilities 3,151 243 (246 ) — (41 ) 3,107 Allowances for lifetime expected credit loss 2,955 1,564 2 — (22 ) 4,499 Minimum alternate tax 1,520 (1,446 ) — — — 74 Property, plant and equipment (4,153 ) 912 (75 ) — 1,150 (2,166 ) Amortizable goodwill (4,057 ) 1,522 (53 ) — 778 (1,810 ) Intangible assets (4,511 ) 1,546 (112 ) (113 ) — (3,190 ) Interest on bonds and fair value movement of investments (2,245 ) (112 ) 645 — — (1,712 ) Cash flow hedges (1,419 ) — 1,448 — — 29 Contract liabilities (183 ) (35 ) (9 ) — (46 ) (273 ) Others (87 ) (383 ) (75 ) — 142 (403 ) Total (3,516 ) 3,944 1,573 (113 ) 1,961 3,849 Movement during the year ended As at April 1, Credit/(charge) in Credit/(charge) in comprehensive Others (Note 32) As at March 31, Carry forward losses 5,694 (2,879 ) 334 — 3,149 Trade payables, accrued expenses and other liabilities 3,107 295 (22 ) 333 3,713 Allowances for lifetime expected credit loss 4,499 9 2 11 4,521 Minimum alternate tax 74 (74 ) — — — Property, plant and equipment (2,166 ) 219 (94 ) 201 (1,840 ) Amortizable goodwill (1,810 ) 16 (105 ) — (1,899 ) Intangible assets (3,190 ) 1,076 (181 ) — (2,295 ) Interest on bonds and fair value movement of investments (1,712 ) 186 71 — (1,455 ) Cash flow hedges 29 — (633 ) — (604 ) Contract liabilities (273 ) (1 ) (15 ) — (289 ) Others (403 ) (439 ) 27 1 (814 ) Total 3,849 (1,592 ) (616 ) 546 2,187 |
Additional capital disclosures
Additional capital disclosures (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Capital Structure | The capital structure as at March 31, 2018 and 2019 was as follows: As at March 31, 2018 2019 % Change Equity attributable to the equity shareholders of the Company ₹ 482,936 ₹ 568,116 17.64 % As percentage of total capital 78 % 85 % Current loans, borrowings and bank overdrafts 92,991 71,099 Long-term loans and borrowings 45,268 28,368 Total loans, borrowings and bank overdrafts ₹ 138,259 ₹ 99,467 -28.06 % As percentage of total capital 22 % 15 % Total capital (loans, borrowings and bank overdrafts and equity) ₹ 621,195 ₹ 667,583 7.47 % |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Revenue from Products and Services | Year ended March 31, 2017 2018 2019 Rendering of services ₹ 522,061 ₹ 524,543 ₹ 571,301 Sales of products 28,341 20,328 14,544 ₹ 550,402 ₹ 544,871 ₹ 585,845 |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Expenses by Nature | Year ended March 31, 2017 2018 2019 Employee compensation ₹ 268,081 ₹ 272,223 ₹ 299,774 Sub-contracting/ 82,747 84,437 94,725 Cost of hardware and software 27,216 18,985 13,567 Travel 20,147 17,399 17,768 Facility expenses 19,297 21,044 22,213 Depreciation, amortization and impairment * 23,107 21,124 19,474 Communication 5,370 5,353 4,561 Legal and professional fees 4,957 4,690 4,361 Rates, taxes and insurance 2,261 2,400 1,621 Marketing and brand building 2,936 3,140 2,714 Lifetime expected credit loss and provision for deferred contract cost ** 2,427 6,565 980 Miscellaneous expenses *** 5,836 4,705 11,736 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 464,382 ₹ 462,065 ₹ 493,494 * Depreciation, amortization and impairment includes impairment on certain software platform and intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ ** Consequent to insolvency of two of our customers, the Company has recognized provision of ₹ ₹ ₹ *** Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ |
Other operating income (Tables)
Other operating income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Hosted data center services business [member] | |
Statement [LineItems] | |
Summary of Gain Loss on Sale of Business | The calculation of the gain on sale is shown below: Particulars Total Cash considerations (net of disposal costs ₹ ₹ 25,432 Less: Carrying amount of net assets disposed (including goodwill of ₹ (26,455 ) Add: Reclassification of exchange difference on foreign currency translation 4,131 Gain on sale ₹ 3,108 |
Workday business [member] | |
Statement [LineItems] | |
Summary of Gain Loss on Sale of Business | The calculation of the gain is as shown below: Particulars Total Cash considerations ₹ 6,645 Less: Carrying amount of net assets disposed (includes goodwill of ₹ ₹ 5,475 Add: Reclassification of exchange difference on foreign currency translation 79 Gain on sale ₹ 1,249 |
Finance expense (Tables)
Finance expense (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Finance Expense | Year ended March 31, 2017 2018 2019 Interest expense ₹ 2,675 ₹ 3,451 ₹ 5,616 Exchange fluctuation on foreign currency borrowings, net 3,267 2,379 1,759 ₹ 5,942 ₹ 5,830 ₹ 7,375 |
Finance and other income and _2
Finance and other income and Foreign exchange gains/(losses), net (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Finance and Other Income and Foreign Exchange Gains/(Losses), Net | Year ended March 31, 2017 2018 2019 Interest income ₹ 18,066 ₹ 17,806 ₹ 20,261 Dividend income 311 609 361 Net gain from investments classified as FVTPL 3,822 5,410 1,990 Net gain from investments classified as FVOCI 220 174 311 Finance and other income ₹ 22,419 ₹ 23,999 ₹ 22,923 Foreign exchange gains/(losses), net on financial instrument measured at FVTPL 6,975 (107 ) 1,251 Other Foreign exchange gains/(losses), net (3,198 ) 1,595 1,964 Foreign exchange gains/(losses), net ₹ 3,777 ₹ 1,488 ₹ 3,215 ₹ 26,196 ₹ 25,487 ₹ 26,138 |
Earnings per equity share (Tabl
Earnings per equity share (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Earnings Per Equity Share | Year ended March 31, 2017 2018 2019 Profit attributable to equity holders of the Company ₹ 84,895 ₹ 80,081 ₹ 90,031 Weighted average number of equity shares outstanding 6,476,108,013 6,333,391,200 6,007,376,837 Basic earnings per share ₹ 13.11 ₹ 12.64 ₹ 14.99 Year ended March 31, 2017 2018 2019 Profit attributable to equity holders of the Company ₹ 84,895 ₹ 80,081 ₹ 90,031 Weighted average number of equity shares outstanding 6,476,108,013 6,333,391,200 6,007,376,837 Effect of dilutive equivalent share options 19,021,504 11,091,433 14,927,530 Weighted average number of equity shares for diluted earnings per share 6,495,129,517 6,344,482,633 6,022,304,367 Diluted earnings per share ₹ 13.07 ₹ 12.62 ₹ 14.95 |
Employee stock incentive plans
Employee stock incentive plans (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of General Terms of Grants Under Stock Option Plans and Restricted Stock Unit Option Plans | A summary of the general terms of grants under stock option plans and restricted stock unit option plans are as follows: Name of Plan Number of Options reserved Range of Exercise Price Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) * 59,797,979 US $ 0.03 Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) * 59,797,979 ₹ 2 Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) * 49,831,651 ₹ 2 Wipro Equity Reward Trust Employee Stock Purchase Plan, 2013 ** 39,546,197 ₹ 2 Wipro Employee Stock Option plan 2000 (2000 plan) *** 747,474,747 ₹ 171 - 490 |
Summary of General Terms of Grants Under Stock Option Plans and Restricted Stock Unit Option Plans | The activity in these stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2017 2018 2019 Particulars Range of Numbers Weighted Numbers Weighted Numbers Weighted Outstanding at the ₹ 480.20 20,181 ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 beginning of ₹ 2 7,254,326 ₹ 2 7,952,083 ₹ 2 13,543,997 ₹ 2 the year US $ 0.03 3,747,430 US $ 0.03 5,288,783 US $ 0.03 10,199,054 US $ 0.03 Bonus on ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 outstanding ₹ 2 — ₹ 2 6,968,406 ₹ 2 4,773,755 ₹ 2 Refer Note 18 US $ 0.03 — US $ 0.03 4,077,070 US $ 0.03 3,957,434 US $ 0.03 Granted* ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 ₹ 2 2,398,000 ₹ 2 4,612,400 ₹ 2 4,607,000 ₹ 2 US $ 0.03 2,379,500 US $ 0.03 3,897,000 US $ 0.03 4,849,000 US $ 0.03 Exercised ₹ 480.20 — ₹ 480.20 (20,181 ) ₹ 480.20 — ₹ 480.20 ₹ 2 (1,113,775 ) ₹ 2 (5,325,217 ) ₹ 2 (2,739,097 ) ₹ 2 US $ 0.03 (174,717 ) US $ 0.03 (2,565,976 ) US $ 0.03 (1,541,803 ) US $ 0.03 Forfeited and ₹ 480.20 — ₹ 480.20 — ₹ 480.20 — ₹ 480.20 expired ₹ 2 (586,468 ) ₹ 2 (663,675 ) ₹ 2 (2,578,192 ) ₹ 2 US $ 0.03 (663,430 ) US $ 0.03 (497,823 ) US $ 0.03 (3,016,895 ) US $ 0.03 Outstanding at the ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 — ₹ 480.20 end of the year ₹ 2 7,952,083 ₹ 2 13,543,997 ₹ 2 17,607,463 ₹ 2 US $ 0.03 5,288,783 US $ 0.03 10,199,054 US $ 0.03 14,446,790 US $ 0.03 Exercisable at the ₹ 480.20 20,181 ₹ 480.20 — ₹ 480.20 — ₹ 480.20 end of the year ₹ 2 698,320 ₹ 2 1,875,994 ₹ 2 1,300,781 ₹ 2 US $ 0.03 141,342 US $ 0.03 789,962 US $ 0.03 948,877 US $ 0.03 |
Summary of General Terms of Grants Under Stock Option Plans and Restricted Stock Unit Option Plans | The following table summarizes information about outstanding stock options and restricted stock unit option plan : Year ended March 31, 2017 2018 2019 Range of Numbers Weighted Weighted Numbers Weighted Weighted Numbers Weighted Weighted ₹ 20,181 — ₹ 480.20 — — ₹ 480.20 — — ₹ 480.20 ₹ 7,952,083 19 ₹ 2 13,543,997 27 ₹ 2 17,607,463 24 ₹ 2 US $ 0.03 5,288,783 24 US $ 0.03 10,199,054 28 US $ 0.03 14,446,790 26 US $ 0.03 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Summary of Employee Costs | a) Employee costs includes Year ended March 31, 2017 2018 2019 Salaries and bonus ₹ 258,207 ₹ 261,981 ₹ 289,005 Employee benefits plans Gratuity and other defined benefit plans 1,095 1,532 1,459 Defined contribution plans 7,037 7,363 7,372 Share based compensation 1,742 1,347 1,938 ₹ 268,081 ₹ 272,223 ₹ 299,774 The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2017 2018 2019 Cost of revenues ₹ 226,595 ₹ 228,937 ₹ 251,818 Selling and marketing expenses 26,051 28,070 30,972 General and administrative expenses 15,435 15,216 16,984 ₹ 268,081 ₹ 272,223 ₹ 299,774 |
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, 2017 2018 2019 Re-measurement Return on plan assets excluding interest income ₹ ₹ ₹ Actuarial loss/ (gain) arising from financial assumptions 363 (296) 73 Actuarial loss/ (gain) arising from demographic assumptions (73) (54) (40) Actuarial loss/ (gain) arising from experience adjustments (313) (454) (266) ₹ (212) ₹ (822) ₹ (282) |
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, 2017 2018 2019 Current service cost ₹ 1,130 ₹ 1,525 ₹ 1,434 Net interest on net defined benefit liability/(asset) (35 ) 7 25 Net gratuity cost/(benefit) 1,095 1,532 1,459 Actual return on plan assets ₹ 692 ₹ 501 ₹ 607 |
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, 2018 2019 Defined benefit obligation at the beginning of the year ₹ 8,270 ₹ 8,654 Acquisitions (Note 32) 38 1,094 Current service cost 1,525 1,434 Interest on obligation 490 583 Benefits paid (865 ) (1,047 ) Remeasurement loss/(gains) Actuarial loss/(gain) arising from financial assumptions (296 ) 73 Actuarial loss/(gain) arising from demographic assumptions (54 ) (40 ) Actuarial loss/(gain) arising from experience adjustments (454 ) (266 ) Defined benefit obligation at the end of the year ₹ 8,654 ₹ 10,485 Change in plan assets is summarized below: As at March 31, 2018 2019 Fair value of plan assets at the beginning of the year ₹ 7,919 ₹ 8,507 Acquisitions (Note 32) 28 109 Expected return on plan assets 483 558 Employer contributions 59 254 Benefits paid — (34 ) Remeasurement (loss)/gains Return on plan assets excluding interest income 18 49 Fair value of plan assets at the end of the year ₹ 8,507 ₹ 9,443 Present value of unfunded obligation ₹ (147 ) ₹ (1,042 ) Recognized asset/(liability) ₹ (147 ) ₹ (1,042 ) |
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, 2018 2019 Discount rate 6.30 % 6.05 % Expected return on plan assets 6.30 % 6.05 % Expected rate of salary increase 6.89 % 6.80 % Duration of defined benefit obligations 8 years 8 years |
Summary of Expected Future Contribution and Estimated Future Benefit Payments | The expected future contribution and estimated future benefit payments from the fund are as follows: Expected contribution to the fund during the year ending March 31, 2020 ₹ 1,331 Estimated benefit payments from the fund for the year ending March 31: 2020 ₹ 1,686 2021 1,203 2022 1,171 2023 1,150 2024 1,133 Thereafter 7,552 Total ₹ 13,895 |
Summary of Fund and Plan Assets of Provident Fund | The details of fund and plan assets are given below: As at March 31, 2018 2019 Fair value of plan assets ₹ 46,016 ₹ 53,015 Present value of defined benefit obligation (46,016 ) (53,015 ) Net (shortfall)/ excess ₹ — ₹ — |
Provident fund [member] | |
Statement [LineItems] | |
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, 2018 2019 Discount rate for the term of the obligation 7.35 % 7.00 % Average remaining tenure of investment portfolio 7 years 8 years Guaranteed rate of return 8.55 % 8.65 % |
Related party relationship an_2
Related party relationship and transactions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Subsidiaries and Associates | List of subsidiaries and associates as at March 31, 2019, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Wipro LLC USA Wipro Gallagher Solutions, LLC. USA Opus Capital Markets Consultants LLC USA Wipro Promax Analytics Solutions Americas LLC USA Wipro Insurance Solutions LLC USA Wipro IT Services, LLC. USA HealthPlan Services, Inc. *** USA Appirio, Inc. *** USA Cooper Software, LLC. USA Infocrossing, LLC USA Wipro US Foundation USA Wipro Overseas IT Services Pvt. Ltd India Wipro Japan KK Japan Wipro Shanghai Limited China Wipro Trademarks Holding Limited India Wipro Travel Services Limited India Wipro Holdings (UK) Limited U.K. Wipro Digital Aps Denmark Designit A/S *** Denmark Wipro Europe Limited U.K. Wipro UK Limited U.K. Wipro Financial Services UK Limited U.K. Wipro IT Services S.R.L. Romania Wipro Information Technology Austria GmbH ** Austria Wipro Technologies Austria GmbH ** Austria NewLogic Technologies SARL ** France Wipro Cyprus SE Cyprus Wipro Doha LLC # Qatar Wipro Technologies SA DE CV Mexico Wipro Philippines, Inc. Philippines Wipro Holdings Hungary Korlátolt Felelosségu Társaság Hungary Wipro Holdings Investment Korlátolt Felelosségu Társaság Hungary Wipro Information Technology Egypt SAE Egypt Wipro Arabia Co. Limited * Saudi Arabia Women’s Business Park Technologies Limited * Saudi Arabia Wipro Poland SP Z.O.O Poland Wipro IT Services Poland SP Z.O.O Poland Wipro Technologies Australia Pty Ltd Australia Wipro Corporate Technologies Ghana Limited Ghana Wipro Technologies South Africa (Proprietary) Limited South Africa Wipro Technologies Nigeria Limited Nigeria Wipro IT Service Ukraine LLC Ukraine Wipro Information Technology Netherlands BV. Netherlands Wipro Technologies SA Argentina Wipro Portugal S.A. *** Portugal Limited Liability Company Wipro Technologies Limited Russia Wipro Technology Chile SPA Chile Wipro Solutions Canada Limited Canada Wipro Information Technology Kazakhstan LLP Kazakhstan Wipro Technologies W.T. Sociedad Anonima Costa Rica Wipro Outsourcing Services (Ireland) Limited Ireland Wipro Technologies VZ, C.A. Venezuela Wipro Technologies Peru S.A.C Peru Wipro do Brasil Servicos de Tecnologia S.A. Brazil Wipro do Brasil Technologia Ltda *** Brazil Wipro Technologies S.R.L. Romania PT. WT Indonesia Indonesia Wipro (Thailand) Co. Limited Thailand Wipro Bahrain Limited Co. S.P.C Bahrain Wipro Gulf LLC Sultanate of Oman Rainbow Software LLC Iraq Cellent GmbH Germany Cellent GmbH *** Austria Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Chengdu Limited China Appirio India Cloud Solutions Private Limited ** India Wipro IT Services Bangladesh Limited Bangladesh Wipro HR Services India Private Limited India * 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 Co. Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. Limited. # 51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in these holdings is with the Company. 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 *** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit A/S, Cellent GmbH, HealthPlan Services, Inc. and Appirio, Inc. are as follows Subsidiaries Subsidiaries Subsidiaries Country of Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro do Brasil Technologia Ltda Brazil Wipro Do Brasil Sistemetas De Informatica Ltd Brazil Designit A/S Denmark Designit Denmark A/S Denmark Designit Germany GmbH Germany Designit Oslo A/S Norway Designit Sweden AB Sweden Designit T.L.V Ltd. Israel Designit Tokyo Ltd. Japan Denextep Spain Digital, S.L Spain Designit Colombia S A S Colombia Designit Peru SAC Peru Cellent GmbH Austria Frontworx Informations technologie GmbH Austria HealthPlan Services, Inc. USA HealthPlan Services Insurance Agency, LLC. USA Appirio, Inc. USA Appirio, K.K Japan Topcoder, LLC. USA Appirio Ltd Ireland Appirio GmbH Germany Apprio Ltd (UK) U.K. ** Vide its order dated March 29, 2019, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro Information Technology Austria GmbH, Wipro Technologies Austria GmbH, NewLogic Technologies SARL and Appirio India Cloud Solutions Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2018. |
Summary of Related Party Transactions | The Company has the following related party transactions: Entities controlled by Key Management Transaction / balances 2017 2018 2019 2017 2018 2019 Sales of goods and services 114 136 102 — — — Assets purchased 106 290 240 — — — Dividend 5,087 3,171 3,171 287 191 191 Buyback of shares 19,638 63,745 — 2 ^ — Rental income 43 42 43 — — — Rent Paid 8 7 8 6 6 5 Others 93 31 63 — — — Key management personnel * Remuneration and short-term benefits — — — 231 248 341 Other benefits — — — 156 130 173 Balance as at the year end Receivables 76 39 132 — — — Payables 22 57 8 27 55 155 ^ Value is less than ₹ Further investment in associates during the year ₹ * Post employment benefit comprising compensated absences is not disclosed as this are determined for the Company as a whole. Benefits includes the prorated value of Restricted Stock Units (“RSU’s”) granted to the personnel, which vest over a period of time. Other benefits include share-based compensation ₹ ₹ ₹ |
Commitments and contingencies (
Commitments and contingencies (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Contractual Payments under Non-Cancelable Leases | As at March 31, 2018 2019 Not later than one year ₹ 6,186 ₹ 7,006 Later than one year but not later five years 12,470 11,106 Later than five years 2,354 1,629 ₹ 21,010 ₹ 19,741 |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Information on Reportable Segments | Information on reportable segment for the year ended March 31, 2017 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 133,332 81,980 78,101 68,223 72,069 46,907 38,584 519,196 25,922 9,244 (183 ) 554,179 Other operating income — — — — — — — 4,082 — — — 4,082 Segment Result 25,721 9,524 15,928 14,485 16,634 6,843 6,125 95,260 (1,680 ) (2,326 ) (506 ) 90,748 Unallocated (951 ) — — — (951 ) Segment Result Total 98,391 (1,680 ) (2,326 ) (506 ) 93,879 Finance expense (5,942 ) Finance and other income 22,419 Profit before tax 110,356 Income tax expense (25,213 ) Profit for the year 85,143 Depreciation, amortization and impairment 23,107 Information on reportable segment for the year ended March 31, 2018 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 144,139 74,136 77,914 67,841 73,947 46,081 33,658 517,716 17,998 10,694 (49 ) 546,359 Segment Result 24,549 9,624 12,619 8,097 14,680 7,007 3,236 79,812 362 454 319 80,947 Unallocated 3,347 — — 3,347 Segment Result Total 83,159 362 454 319 84,294 Finance expense (5,830 ) Finance and other income 23,999 Share of net profit of associates accounted for using the equity method 11 Profit before tax 102,474 Income tax expense (22,390 ) Profit for the year 80,084 Depreciation, amortization and impairment 21,124 Information on reportable segment for the year ended March 31, 2019 is as follows: IT Services IT Products ISRE Reconciling Total BFSI Health BU CBU ENU TECH MFG COMM Total Revenue 175,262 75,081 89,313 72,830 76,591 46,496 32,680 568,253 12,312 8,544 (49 ) 589,060 Other operating income — — — — — — — 4,344 — — — 4,344 Segment Result 33,831 8,638 16,828 7,081 15,916 8,327 4,396 95,017 (1,047 ) (1,829 ) 283 92,424 Unallocated 3,142 — — 3,142 Segment Result Total 102,503 (1,047 ) (1,829 ) 283 99,910 Finance expense (7,375 ) Finance and other income 22,923 Share of net loss of associates accounted for using the equity method (43 ) Profit before tax 115,415 Income tax expense (25,242 ) Profit for the year 90,173 Depreciation, amortization and impairment 19,474 |
Summary of Revenues from Geographic Segments Based on Domicile of Custo | The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows: Year ended March 31, 2017 2018 2019 India ₹ 46,555 ₹ 43,099 ₹ 30,999 Americas* 290,719 283,515 325,432 Europe 133,909 138,597 147,074 Rest of the world 82,996 81,148 85,555 ₹ 554,179 ₹ 546,359 ₹ 589,060 |
Bank balance (Tables)
Bank balance (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Details of Balance With Banks | Details of balance with banks as at March 31, 2019 are as follows: In In Deposit Total Citi Bank ₹ 24,507 ₹ 14,737 ₹ 39,244 HDFC Bank 1,309 25,152 26,461 Axis Bank 1 21,551 21,552 Kotak Mahindra Bank 28 17,221 17,249 HSBC 9,776 4,112 13,888 Saudi British Bank 845 7,006 7,851 ANZ Bank 432 6,843 7,275 ICICI Bank 28 5,555 5,583 State Bank of India 156 5,110 5,266 BNP Paribas 147 3,630 3,777 IndusInd Bank — 2,800 2,800 Canara Bank — 2,500 2,500 Wells Fargo Bank 2,472 — 2,472 Standard Chartered Bank 374 — 374 Indian Overseas Bank 1 342 343 Bank of Montreal 270 — 270 MUFG Bank 180 — 180 UniCredit Bank 169 — 169 RABO Bank 102 — 102 Others 1,169 4 1,173 Total ₹ 41,966 ₹ 116,563 ₹ 158,529 |
Basis of Preparation of Conso_2
Basis of Preparation of Consolidated Financial Statements - Additional Information (Detail) | Mar. 31, 2019₨ / $ |
Foreign exchange rates [abstract] | |
Foreign exchange rate | 69.16 |
Significant Accounting Polici_4
Significant Accounting Policies - Additional Information (Detail) ₨ / shares in Units, $ in Millions | Apr. 01, 2018INR (₨) | Mar. 31, 2019INR (₨)Vote₨ / sharesshares | Mar. 31, 2018INR (₨)Vote₨ / sharesshares | Mar. 31, 2019USD ($)shares | Mar. 08, 2019₨ / shares | Mar. 31, 2017INR (₨)₨ / sharesshares |
Disclosure of classes of share capital [line items] | ||||||
Authorized share capital | ₨ 25,274,000,000 | |||||
Par value per share | ₨ / shares | ₨ 2 | ₨ 2 | ₨ 2 | |||
Number of vote | Vote | 1 | 1 | ||||
Undistributed earnings after taxes not freely available for distribution | ₨ 1,139,000,000 | ₨ 1,139,000,000 | ₨ 1,139,000,000 | |||
Capital redemption reserve | 0 | 767,000,000 | 80,000,000 | |||
Unbilled receivables | 22,880,000,000 | 42,486,000,000 | $ 331 | |||
Unearned revenue | 14,570,000,000 | |||||
Unbilled revenue recognized On contract assets | ₨ 17,469,000,000 | 13,558,000,000 | ||||
Transaction price allocated to remaining performance obligations | ₨ 373,879,000,000 | |||||
Percentage of transaction price allocated to remaining performance obligation as revenues | 59.00% | |||||
Explanation of when entity expects to recognise transaction price allocated to remaining performance obligations as revenue | approximately 59% is expected to be recognized as revenues within two years, and the remainder thereafter. | |||||
Lease liabilities | ₨ 15,867,000,000 | |||||
Right of use asset | 13,266,000,000 | |||||
Increase (decrease) due to application of IFRS 15 [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Expected reduction in opening retained earnings on adoption of IFRS 15 | (2,279,000,000) | |||||
Non financial contract assets | 15,038,000,000 | |||||
Unbilled receivables | 22,880,000,000 | |||||
Special economic zone re-investment reserve [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Undistributed earnings after taxes not freely available for distribution | ₨ 28,565,000,000 | ₨ 0 | ₨ 0 | |||
Bottom of range [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Perentage of voting power of another entity | 20.00% | |||||
Top of range [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Perentage of voting power of another entity | 50.00% | |||||
Treasury shares [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Treasury shares held | shares | 27,353,853 | 23,097,216 | 27,353,853 | 13,728,607 | ||
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 | ||||
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 |
Significant Accounting Polici_5
Significant Accounting Policies - Summary of Estimated Useful Lives of Assets (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
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 machinery [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 machinery [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 |
Significant Accounting Polici_6
Significant Accounting Policies - Summary of Estimated Useful Lives of Aamortizable Intangible Assets (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
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 | 5 years |
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 | 15 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 | 3 years |
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 | 5 years |
Significant Accounting Polici_7
Significant Accounting Policies - Schedule of Disaggregation of Revenues (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2019INR (₨) | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | ₨ 585,845 |
Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 349,985 |
Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 221,316 |
India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 30,999 |
Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 323,659 |
Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 146,190 |
Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 84,997 |
IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 563,336 |
IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 343,809 |
IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 219,527 |
IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,880 |
IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 321,547 |
IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 143,950 |
IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 82,959 |
Products [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,544 |
Products [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 8,154 |
Products [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 2,112 |
Products [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 2,240 |
Products [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 2,038 |
India State Run Enterprise (ISRE) [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,965 |
India State Run Enterprise (ISRE) [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 6,176 |
India State Run Enterprise (ISRE) [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 1,789 |
India State Run Enterprise (ISRE) [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,965 |
Rendering of Services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 571,301 |
Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 563,336 |
Rendering of Services [member] | India State Run Enterprise (ISRE) [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,965 |
Sales of Products [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,544 |
Sales of Products [member] | Products [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,544 |
Products [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,544 |
Products [member] | Products [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,544 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 173,516 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 89,378 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 84,138 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 3,868 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 98,428 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 46,856 |
Banking Financial Services and Insurance (BFSI) [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 24,364 |
Banking Financial Services and Insurance (BFSI) [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 173,516 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 73,942 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 53,462 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 20,480 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 2,295 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 57,204 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,591 |
Healthcare and Lifesciences (HLS) [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 6,852 |
Healthcare and Lifesciences (HLS) [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 73,942 |
Consumer Business Unit (CBU) [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 88,797 |
Consumer Business Unit (CBU) [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 50,425 |
Consumer Business Unit (CBU) [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 38,372 |
Consumer Business Unit (CBU) [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 1,006 |
Consumer Business Unit (CBU) [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 59,262 |
Consumer Business Unit (CBU) [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 17,636 |
Consumer Business Unit (CBU) [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 10,893 |
Consumer Business Unit (CBU) [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 88,797 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 72,329 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 51,799 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 20,530 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 1,690 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 22,739 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 29,795 |
Energy, Natural Resources and Utilities (ENU) [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 18,105 |
Energy, Natural Resources and Utilities (ENU) [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 72,329 |
Technology segment [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 76,108 |
Technology segment [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 47,055 |
Technology segment [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 29,053 |
Technology segment [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 1,392 |
Technology segment [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 54,679 |
Technology segment [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 16,441 |
Technology segment [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 3,596 |
Technology segment [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 76,108 |
Manufacturing Segment [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 46,155 |
Manufacturing Segment [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 31,843 |
Manufacturing Segment [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,312 |
Manufacturing Segment [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 1,534 |
Manufacturing Segment [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 21,541 |
Manufacturing Segment [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 18,211 |
Manufacturing Segment [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 4,869 |
Manufacturing Segment [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 46,155 |
Communications (COMM) [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 32,489 |
Communications (COMM) [member] | IT services [member] | Fixed-price contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 19,847 |
Communications (COMM) [member] | IT services [member] | Time-and-materials contracts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 12,642 |
Communications (COMM) [member] | IT services [member] | India [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 3,095 |
Communications (COMM) [member] | IT services [member] | Americas [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,694 |
Communications (COMM) [member] | IT services [member] | Europe [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 7,420 |
Communications (COMM) [member] | IT services [member] | Rest of the World [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | 14,280 |
Communications (COMM) [member] | Rendering of Services [member] | IT services [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Revenue | ₨ 32,489 |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | ₨ 64,443 | ||
Capital work-in-progress | 22,773 | ₨ 15,680 | |
Assets reclassified as held for sale | (514) | ||
Ending balance | 70,601 | $ 1,021 | 64,443 |
Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 132,915 | 156,542 | |
Translation adjustment | 594 | 1,387 | |
Additions | 15,106 | 15,745 | |
Acquisition through business combinations | 29 | ||
Disposals | (7,609) | (8,658) | |
Assets reclassified as held for sale | (32,130) | ||
Ending balance | 141,006 | 132,915 | |
Accumulated depreciation/impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 83,638 | 95,699 | |
Translation adjustment | 331 | 662 | |
Depreciation | 14,999 | 16,869 | |
Disposals | (5,790) | (7,710) | |
Assets reclassified as held for sale | (21,882) | ||
Ending balance | 93,178 | 83,638 | |
Land [member] | Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 3,637 | 3,814 | |
Translation adjustment | (5) | 28 | |
Additions | 65 | 2 | |
Assets reclassified as held for sale | (207) | ||
Ending balance | 3,697 | 3,637 | |
Buildings [member] | Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 25,145 | 27,581 | |
Translation adjustment | (8) | 265 | |
Additions | 2,684 | 1,197 | |
Acquisition through business combinations | 13 | ||
Disposals | (331) | (190) | |
Assets reclassified as held for sale | (3,721) | ||
Ending balance | 27,490 | 25,145 | |
Buildings [member] | Accumulated depreciation/impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 5,824 | 6,361 | |
Translation adjustment | 8 | 49 | |
Depreciation | 1,034 | 1,023 | |
Disposals | (151) | (70) | |
Assets reclassified as held for sale | (1,539) | ||
Ending balance | 6,715 | 5,824 | |
Plant and machinery [member] | Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 87,222 | 108,967 | |
Translation adjustment | 613 | 904 | |
Additions | 10,402 | 11,767 | |
Acquisition through business combinations | 4 | ||
Disposals | (5,871) | (7,302) | |
Assets reclassified as held for sale | (27,118) | ||
Ending balance | 92,366 | 87,222 | |
Plant and machinery [member] | Accumulated depreciation/impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 65,325 | 77,005 | |
Translation adjustment | 332 | 509 | |
Depreciation | 12,298 | 14,078 | |
Disposals | (4,767) | (6,640) | |
Assets reclassified as held for sale | (19,627) | ||
Ending balance | 73,188 | 65,325 | |
Furniture fixtures and equipment [member] | Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 15,772 | 15,748 | |
Translation adjustment | 188 | ||
Additions | 1,951 | 1,776 | |
Acquisition through business combinations | 11 | ||
Disposals | (1,218) | (872) | |
Assets reclassified as held for sale | (1,079) | ||
Ending balance | 16,505 | 15,772 | |
Furniture fixtures and equipment [member] | Accumulated depreciation/impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 11,983 | 11,968 | |
Translation adjustment | (6) | 104 | |
Depreciation | 1,363 | 1,381 | |
Disposals | (747) | (758) | |
Assets reclassified as held for sale | (712) | ||
Ending balance | 12,593 | 11,983 | |
Vehicles [member] | Carrying value [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 1,139 | 432 | |
Translation adjustment | (6) | 2 | |
Additions | 4 | 1,003 | |
Acquisition through business combinations | 1 | ||
Disposals | (189) | (294) | |
Assets reclassified as held for sale | (5) | ||
Ending balance | 948 | 1,139 | |
Vehicles [member] | Accumulated depreciation/impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Beginning balance | 506 | 365 | |
Translation adjustment | (3) | ||
Depreciation | 304 | 387 | |
Disposals | (125) | (242) | |
Assets reclassified as held for sale | (4) | ||
Ending balance | ₨ 682 | ₨ 506 |
Property, Plant and Equipment_2
Property, Plant and Equipment - Disclosure of Summary about Property, Plant and Equipment (Parenthetical) (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | Mar. 31, 2019USD ($) | |
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Net carrying value | ₨ 70,601 | ₨ 64,443 | $ 1,021 | |
Computer equipment and software [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Net carrying value | 16,375 | 17,765 | ||
Software platform [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Impairment charges | ₨ 1,480 | ₨ 0 | ₨ 0 |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Reconciliation of changes in goodwill [abstract] | |||
Balance at the beginning of the year | ₨ 117,584 | ₨ 125,796 | |
Translation adjustment | 4,529 | 2,970 | |
Disposal (Refer Note 22) | (4,893) | ||
Acquisition through business combination | 1,172 | ||
Assets reclassified as held for sale | (240) | (12,354) | |
Balance at the end of the year | ₨ 116,980 | $ 1,691 | ₨ 117,584 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets - Additional Information (Detail) | 12 Months Ended | |
Mar. 31, 2019INR (₨)Segments | Mar. 31, 2018INR (₨) | |
Reconciliation of changes in goodwill [abstract] | ||
Number of operating segments | Segments | 3 | |
Impairment of goodwill | ₨ | ₨ 0 | ₨ 0 |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets - Summary of Allocation of Goodwill to CGUs (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 116,980 | $ 1,691 | ₨ 117,584 | ₨ 125,796 |
Banking Financial Services and Insurance (BFSI) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 17,713 | 17,475 | ||
Healthcare and Lifesciences (HLS) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 50,670 | 49,085 | ||
Consumer Business Unit (CBU) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 13,587 | 14,776 | ||
Energy, Natural Resources and Utilities (ENU) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 15,203 | 14,863 | ||
Manufacturing and Technology (MNT) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 20,406 | |||
Communications (COMM) [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 970 | ₨ 979 | ||
Manufacturing Segment [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 8,991 | |||
Technology segment [member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 9,846 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | ₨ 18,113 | ||
Ending balance | 13,762 | $ 199 | ₨ 18,113 |
Carrying value [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 33,137 | 26,807 | |
Translation adjustment | 772 | 596 | |
Acquisition through business combinations | 5,734 | ||
Disposal (Refer Note 22) | (1,040) | ||
Ending balance | 32,869 | 33,137 | |
Accumulated amortization and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 15,024 | 10,885 | |
Translation adjustment | 99 | 25 | |
Amortization and impairment | 4,284 | 4,114 | |
Disposal (Refer Note 22) | (300) | ||
Ending balance | 19,107 | 15,024 | |
Customer related intangibles [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 14,323 | ||
Ending balance | 11,579 | 14,323 | |
Customer related intangibles [member] | Carrying value [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 26,586 | 20,528 | |
Translation adjustment | 555 | 493 | |
Acquisition through business combinations | 5,565 | ||
Disposal (Refer Note 22) | (217) | ||
Ending balance | 26,924 | 26,586 | |
Customer related intangibles [member] | Accumulated amortization and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 12,263 | 9,264 | |
Translation adjustment | 35 | 14 | |
Amortization and impairment | 3,148 | 2,985 | |
Disposal (Refer Note 22) | (101) | ||
Ending balance | 15,345 | 12,263 | |
Marketing related intangibles [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 3,790 | ||
Ending balance | 2,183 | 3,790 | |
Marketing related intangibles [member] | Carrying value [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 6,551 | 6,279 | |
Translation adjustment | 217 | 103 | |
Acquisition through business combinations | 169 | ||
Disposal (Refer Note 22) | (823) | ||
Ending balance | 5,945 | 6,551 | |
Marketing related intangibles [member] | Accumulated amortization and impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning balance | 2,761 | 1,621 | |
Translation adjustment | 64 | 11 | |
Amortization and impairment | 1,136 | 1,129 | |
Disposal (Refer Note 22) | (199) | ||
Ending balance | ₨ 3,762 | ₨ 2,761 |
Goodwill and Intangible Asset_6
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Impairment related to intangible recognized on acquisition | ₨ 838 | ₨ 643 | ₨ 3,056 |
Goodwill and Intangible Asset_7
Goodwill and Intangible Assets - Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition (Detail) | Mar. 31, 2019yr |
Promax Applications Group [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 3.25 |
Opus Capital Markets Consultants LLC [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 1.75 |
ATCO I-Tek [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 5.50 |
Designit AS [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 1.25 |
Appirio Inc [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 2.75 |
Bottom of range [member] | Global oil and gas information technology [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 1.25 |
Bottom of range [member] | Cellent AG [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 1.75 |
Bottom of range [member] | Other Entities [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 1 |
Top of range [member] | Global oil and gas information technology [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 2.25 |
Top of range [member] | Cellent AG [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 3.75 |
Top of range [member] | Other Entities [member] | |
Disclosure of intangible assets material to entity [line items] | |
Remaining amortization period for intangible assets | 13.25 |
Business Combination - Addition
Business Combination - Additional Information (Detail) ₨ in Millions, $ in Millions | Nov. 23, 2016INR (₨) | Mar. 31, 2018INR (₨)Acquisition | Mar. 31, 2017INR (₨) | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Nov. 23, 2016USD ($) |
Disclosure of detailed information about business combination [line items] | ||||||
Goodwill | ₨ 117,584 | ₨ 125,796 | ₨ 116,980 | $ 1,691 | ||
Appirio Inc [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Acquisition date | Nov. 23, 2016 | |||||
Total consideration | ₨ 32,402 | $ 475.7 | ||||
Cash and cash equivalents acquired | 85 | |||||
Trade receivables acquired | 2,363 | |||||
Goodwill | ₨ 28,020 | |||||
Revenue of combined entity as if combination occurred at beginning of period | 559,575 | |||||
Profit (loss) of combined entity as if combination occurred at beginning of period | ₨ 85,424 | |||||
Material acquisitions [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Total consideration | 6,924 | |||||
Cash and cash equivalents acquired | 58 | |||||
Trade receivables acquired | 215 | |||||
Goodwill | ₨ 1,185 | |||||
Number of business combination completed | Acquisition | 4 |
Business Combination - Schedule
Business Combination - Schedule of Allocation of Purchase Price in Net Assets Include both Financial and Non Financial Assets (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | Nov. 23, 2016INR (₨) | Nov. 23, 2016USD ($) |
Disclosure of detailed information about business combination [line items] | ||||||
Goodwill | ₨ 116,980 | $ 1,691 | ₨ 117,584 | ₨ 125,796 | ||
Appirio Inc [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Net assets | ₨ 497 | |||||
Technology platform | 347 | |||||
Customer related intangibles | 2,323 | |||||
Brand | 3,148 | |||||
Alliance relationship | 858 | |||||
Deferred tax liabilities on intangible assets | (2,791) | |||||
Total | 4,382 | |||||
Goodwill | 28,020 | |||||
Total purchase price | 32,402 | $ 475.7 | ||||
Appirio Inc [member] | Pre acquisition carrying [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Net assets | 526 | |||||
Technology platform | 436 | |||||
Brand | 180 | |||||
Total | 1,142 | |||||
Appirio Inc [member] | Fair value adjustments [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Net assets | (29) | |||||
Technology platform | (89) | |||||
Customer related intangibles | 2,323 | |||||
Brand | 2,968 | |||||
Alliance relationship | 858 | |||||
Deferred tax liabilities on intangible assets | (2,791) | |||||
Total | ₨ 3,240 | |||||
Material acquisitions [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Net assets | 5 | |||||
Customer related intangibles | 5,565 | |||||
Other intangible assets | 169 | |||||
Total | 5,739 | |||||
Goodwill | 1,185 | |||||
Total purchase price | ₨ 6,924 |
Investments - Schedule of Inves
Investments - Schedule of Investment (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) |
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments at FVTOCI | ₨ 191,964 | ₨ 181,919 | |
Financial instruments at amortized cost | |||
Financial instruments at amortized cost | 21,708 | 28,405 | |
Non current investments other than investments accounted for using equity method | 6,916 | $ 100 | 7,668 |
Current Investments | 220,716 | $ 3,191 | 249,094 |
Total | 227,632 | 256,762 | |
Financial instruments at FVTPL | |||
Financial instruments at FVTPL | 13,960 | 46,438 | |
Non-current assets [member] | |||
Financial instruments at amortized cost | |||
Non current investments other than investments accounted for using equity method | 6,916 | 7,668 | |
Current Assets [member] | |||
Financial instruments at amortized cost | |||
Current Investments | 220,716 | 249,094 | |
Investments in equity instruments [member] | Non-current assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments at FVTOCI | 6,916 | 4,140 | |
Investments in equity instruments [member] | Current Assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments at FVTOCI | 1,545 | ||
Inter corporate and term deposits [member] | Non-current assets [member] | |||
Financial instruments at amortized cost | |||
Financial instruments at amortized cost | 3,528 | ||
Inter corporate and term deposits [member] | Current Assets [member] | |||
Financial instruments at amortized cost | |||
Financial instruments at amortized cost | 21,708 | 24,877 | |
Investment in liquid and short-term mutual funds [member] | Current Assets [member] | |||
Financial instruments at FVTPL | |||
Financial instruments at FVTPL | 13,960 | 46,438 | |
Commercial paper, certificate of deposits and bonds [member] | Current Assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments at FVTOCI | ₨ 185,048 | ₨ 176,234 |
Investments - Schedule of Inv_2
Investments - Schedule of Investment (Parenthetical) (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [abstract] | ||
Term deposits | ₨ 463 | ₨ 453 |
Investments - Summary of Financ
Investments - Summary of Financial Information in Respect of Immaterial Associates Accounted for Using Equity Method (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2019USD ($) | |
Disclosure of associates [abstract] | ||||
Carrying amount of the Company's interest in associates accounted for using the equity method | ₨ 1,235 | ₨ 1,206 | $ 18 | |
Company's share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income | ₨ (43) | $ (1) | ₨ 11 |
Investments - Additional Inform
Investments - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2018INR (₨) | Mar. 31, 2017 | Mar. 31, 2019USD ($) | |
Disclosure of detailed information about financial instruments [line items] | ||||
Carrying value of investment | ₨ 1,235 | ₨ 1,206 | $ 18 | |
Drivestream Inc [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Ownership interest | 43.70% | 43.70% | 19.00% | |
Carrying value of investment | ₨ 653 | ₨ 630 | ||
Denim Group LLC [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Ownership interest | 33.30% | 33.30% | ||
Carrying value of investment | ₨ 582 | ₨ 576 |
Trade Receivables - Schedule of
Trade Receivables - Schedule of Trade Receivables (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Trade and other receivables [abstract] | ||||
Trade receivables | ₨ 119,686 | ₨ 121,413 | ||
Allowance for lifetime expected credit loss | (14,824) | (14,570) | ₨ (9,108) | |
Assets reclassified as held for sale | (1,407) | |||
Total | 104,862 | 105,436 | ||
Non-current | 4,373 | $ 63 | 4,446 | |
Current | 100,489 | $ 1,453 | 100,990 | |
Total | ₨ 104,862 | ₨ 105,436 |
Trade Receivables - Summary of
Trade Receivables - Summary of Allowance for Credit Loss (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of financial assets [abstract] | ||
Balance at the beginning of the year | ₨ 14,570 | ₨ 9,108 |
Additions during the year, net (Refer Note 21) | 980 | 5,456 |
Uncollectable receivables Charged against allowance | (772) | (29) |
Translation adjustment | 46 | 35 |
Balance at the end of the year | ₨ 14,824 | ₨ 14,570 |
Inventories - Schedule of Inven
Inventories - Schedule of Inventories (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) |
Classes of current inventories [abstract] | |||
Stores and spare parts | ₨ 677 | ₨ 769 | |
Finished goods and traded goods | 3,274 | 2,601 | |
Inventories | ₨ 3,951 | $ 57 | ₨ 3,370 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Cash and cash equivalents [abstract] | ||||
Cash and bank balances | ₨ 41,966 | ₨ 23,300 | ₨ 27,808 | |
Demand deposits with banks | 116,563 | 21,625 | 24,902 | |
Cash and cash equivalents | ₨ 158,529 | $ 2,292 | ₨ 44,925 | ₨ 52,710 |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2018USD ($) | Mar. 31, 2017INR (₨) | Mar. 31, 2016INR (₨) |
Cash and cash equivalents [abstract] | ||||||
Cash and cash equivalents (as above) | ₨ 158,529 | $ 2,292 | ₨ 44,925 | ₨ 52,710 | ||
Bank overdrafts | (4) | (3,999) | (1,992) | |||
Total | ₨ 158,525 | $ 2,291 | ₨ 40,926 | $ 592 | ₨ 50,718 | ₨ 98,392 |
Other Assets - Summary of Other
Other Assets - Summary of Other Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2019INR (₨) | Mar. 31, 2018INR (₨) | Mar. 31, 2019USD ($) | |
Financial asset | |||
Security deposits | ₨ 1,436 | ₨ 1,197 | |
Other deposits | 777 | 250 | |
Interest receivables | 1,139 | ||
Finance lease receivables | 1,794 | 2,739 | |
Non-current financial asset | 5,146 | 4,186 | $ 74 |
Non-Financial asset | |||
Prepaid expenses including rentals for leasehold land | 6,323 | 7,602 | |
Cost to obtain contract | 4,212 | ||
Others | 5,337 | 4,468 | |
Assets reclassified as held for sale | (530) | ||
Non-current non-financial asset | 15,872 | 11,540 | |
Other non-current assets | 21,018 | 15,726 | |
Financial asset | |||
Security deposits | 1,050 | 1,238 | |
Other deposits | 33 | 59 | |
Due from officers and employees | 738 | 697 | |
Finance lease receivables | 1,618 | 2,271 | |
Interest receivables | 1,789 | 491 | |
Others | 9,383 | 2,673 | |
Current financial asset | 14,611 | 7,429 | 211 |
Non-Financial asset | |||
Prepaid expenses | 12,148 | 14,407 | |
Due from officers and employees | 871 | 1,175 | |
Advance to suppliers | 3,247 | 1,819 | |
Deferred contract costs | 3,211 | ||
Balance with excise, customs and other authorities | 5,543 | 3,886 | |
Cost to obtain contract | 1,170 | ||
Others | 107 | 50 | |
Assets reclassified as held for sale | (1,381) | ||
Current non-financial asset | 23,086 | 23,167 | $ 334 |
Other current assets | 37,697 | 30,596 | |
Total | ₨ 58,715 | ₨ 46,322 |
Other Assets - Summary of Finan
Other Assets - Summary of Finance Lease Receivables (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | ₨ 3,599 | ₨ 5,304 |
Less: Unearned finance income | (187) | (294) |
Present value of minimum lease payment receivables | 3,412 | 5,010 |
Present value of minimum lease payment receivables | 3,412 | 5,010 |
Present value of minimum lease payment receivables | 3,412 | 5,010 |
Non-current finance lease receivables | 1,794 | 2,739 |
Current finance lease receivables | 1,618 | 2,271 |
Not later than one year [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | 1,742 | 2,414 |
Present value of minimum lease payment receivables | 1,618 | 2,271 |
Present value of minimum lease payment receivables | 1,618 | 2,271 |
Present value of minimum lease payment receivables | 1,618 | 2,271 |
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 | 1,813 | 2,890 |
Present value of minimum lease payment receivables | 1,752 | 2,739 |
Present value of minimum lease payment receivables | 1,752 | 2,739 |
Present value of minimum lease payment receivables | 1,752 | ₨ 2,739 |
Later than five years [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | 44 | |
Present value of minimum lease payment receivables | 42 | |
Present value of minimum lease payment receivables | 42 | |
Present value of minimum lease payment receivables | ₨ 42 |
Loans, Borrowings and Bank Ov_3
Loans, Borrowings and Bank Overdrafts - Additional Information (Detail) € in Millions, ₨ in Millions, Rp in Millions, $ in Millions, $ in Millions | 12 Months Ended | ||||||
Mar. 31, 2019INR (₨) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2019CAD ($) | Mar. 31, 2019EUR (€) | Mar. 31, 2019IDR (Rp) | |
Disclosure of detailed information about borrowings [line items] | |||||||
Obligations under finance leases | ₨ 2,002 | ₨ 5,442 | |||||
Interest expense on borrowings | ₨ 4,058 | 3,045 | ₨ 1,916 | ||||
Bottom of range [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Finance lease contract term | 1 year | ||||||
Top of range [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Finance lease contract term | 5 years | ||||||
Bank overdraft [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | ₨ 68,085 | 79,598 | |||||
Line of credit [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | 7,979 | ||||||
Line of credit [member] | U.S.Dollar [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | $ | $ 1,410 | ||||||
Remaining borrowing capacity | $ | $ 440 | ||||||
Line of credit [member] | Canadian Dollar [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | $ | $ 57 | ||||||
Remaining borrowing capacity | $ | $ 38 | ||||||
Line of credit [member] | EURO [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | € | € 20 | ||||||
Remaining borrowing capacity | € | € 20 | ||||||
Line of credit [member] | Indonesia, Rupiahs | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | 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 | 7,957 | ||||||
Revolving credit facilities non-fund based [member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Short-term borrowings | 40,470 | 44,022 | |||||
Remaining borrowing capacity | ₨ 22,014 | ₨ 22,476 |
Loans, Borrowings and Bank Ov_4
Loans, Borrowings and Bank Overdrafts - Summary of Long - Term Loans and Borrowings (Detail) ₨ in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions | 12 Months Ended | ||||||||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2019AUD ($) | Mar. 31, 2019CAD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2018USD ($) | Mar. 31, 2018BRL (R$) | Mar. 31, 2018AUD ($) | Mar. 31, 2018CAD ($) | |
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 29,380 | ₨ 54,688 | |||||||
Obligations under finance leases | 2,002 | 5,442 | |||||||
Liabilities directly associated with assets held sale | (1,469) | ||||||||
Finance lease liabilities | 2,002 | 3,973 | |||||||
Total | 31,382 | 58,661 | |||||||
Non-current portion of long term loans and borrowings | 28,368 | $ 410 | 45,268 | ||||||
Current portion of long term loans and borrowings | 3,014 | 13,393 | |||||||
Total | ₨ 31,382 | 58,661 | |||||||
Unsecured external commercial borrowing 1.81% June 2018 [member] | U.S.Dollar [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | 9,777 | $ 150 | |||||||
Final maturity | - | ||||||||
Unsecured term loan [member] | U.S.Dollar [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 26,395 | $ 382 | 40,715 | $ 625 | |||||
Final maturity | July 2021 | ||||||||
Unsecured term loan [member] | U.S.Dollar [member] | Bottom of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 3.01% | 3.01% | 3.01% | 3.01% | |||||
Unsecured term loan [member] | U.S.Dollar [member] | Top of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 3.81% | 3.81% | 3.81% | 3.81% | |||||
Unsecured term loan [member] | Canadian Dollar [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 2,701 | $ 52 | 3,660 | $ 72 | |||||
Final maturity | July 2021 | ||||||||
Unsecured term loan [member] | Canadian Dollar [member] | Bottom of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 1.48% | 1.48% | 1.48% | 1.48% | |||||
Unsecured term loan [member] | Canadian Dollar [member] | Top of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 3.26% | 3.26% | 3.26% | 3.26% | |||||
Unsecured term loan [member] | Indian Rupee [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 162 | 366 | |||||||
Final maturity | December 2021 | ||||||||
Unsecured term loan [member] | Indian Rupee [member] | Bottom of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 8.29% | 8.29% | 8.29% | 8.29% | |||||
Unsecured term loan [member] | Indian Rupee [member] | Top of range [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Interest rate | 9.35% | 9.35% | 9.35% | 9.35% | |||||
Unsecured term loan [member] | Australian Dollar [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 70 | $ 1 | 92 | $ 2 | |||||
Interest rate | 4.65% | 4.65% | 4.65% | 4.65% | |||||
Final maturity | January 2022 | ||||||||
Unsecured term loan [member] | Great British Pound [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 31 | 42 | |||||||
Interest rate | 2.93% | 2.93% | 2.93% | 2.93% | |||||
Final maturity | February 2022 | ||||||||
Unsecured term loan [member] | EURO [member] | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 19 | 24 | |||||||
Interest rate | 2.98% | 2.98% | 2.98% | 2.98% | |||||
Final maturity | December 2020 | ||||||||
Unsecured term loan [member] | Brazil, Brazil Real | |||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||
Unsecured loans | ₨ 2 | ₨ 12 | R$ 1 | ||||||
Interest rate | 14.04% | 14.04% | 14.04% | 14.04% | |||||
Final maturity | May 2019 |
Loans, Borrowings and Bank Ov_5
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, 2019 | Mar. 31, 2018 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | ₨ 138,259 | ₨ 142,412 |
Non cash changes, cash flow | (42,873) | (8,976) |
Non cash changes, assets taken on finance lease | 14 | 766 |
Non cash changes, foreign exchange movements | 4,067 | 5,526 |
Non cash changes, liabilities directly associated with assets held for sale | (1,469) | |
Ending balance | 99,467 | 138,259 |
Borrowings from banks [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 119,689 | 120,911 |
Non cash changes, cash flow | (26,228) | (6,661) |
Non cash changes, foreign exchange movements | 3,518 | 5,439 |
Ending balance | 96,979 | 119,689 |
Bank overdrafts 1 [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 3,999 | 1,992 |
Non cash changes, cash flow | (3,995) | 2,007 |
Ending balance | 4 | 3,999 |
External commercial borrowings [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 9,777 | 9,728 |
Non cash changes, cash flow | (10,064) | |
Non cash changes, foreign exchange movements | 287 | 49 |
Ending balance | 9,777 | |
Obligations under finance leases [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 3,973 | 8,280 |
Non cash changes, cash flow | (2,234) | (3,627) |
Non cash changes, assets taken on finance lease | 14 | 766 |
Non cash changes, foreign exchange movements | 249 | 23 |
Non cash changes, liabilities directly associated with assets held for sale | (1,469) | |
Ending balance | 2,002 | 3,973 |
Loans from other than bank [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 821 | 1,501 |
Non cash changes, cash flow | (352) | (695) |
Non cash changes, foreign exchange movements | 13 | 15 |
Ending balance | ₨ 482 | ₨ 821 |
Loans, Borrowings and Bank Ov_6
Loans, Borrowings and Bank Overdrafts - Schedule of Future Minimum Lease Payments Under Finance Leases and Present Value of Minimum Lease Payment (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease by lessee [line items] | ||
Minimum lease payments | ₨ 2,061 | ₨ 5,622 |
Less: Amounts representing interest | (59) | (180) |
Present value of minimum lease payment payables | 2,002 | 5,442 |
Liabilities directly associated with assets held for sale | (1,469) | |
Finance lease liabilities | 2,002 | 3,973 |
Non-current finance lease payables | 496 | 1,722 |
Current finance lease payables | 1,506 | 2,251 |
Not later than one year [member] | ||
Disclosure of finance lease by lessee [line items] | ||
Minimum lease payments | 1,555 | 3,838 |
Present value of minimum lease payment payables | 1,506 | 3,720 |
Later than one year but not later than five years [member] | ||
Disclosure of finance lease by lessee [line items] | ||
Minimum lease payments | 506 | 1,784 |
Present value of minimum lease payment payables | ₨ 496 | ₨ 1,722 |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) |
Trade and other current payables [abstract] | |||
Trade payables | ₨ 28,527 | ₨ 24,406 | |
Accrued expenses | 59,777 | 45,632 | |
Liabilities directly associated with assets held for sale | (1,909) | ||
Trade payables and accrued expenses | ₨ 88,304 | $ 1,277 | ₨ 68,129 |
Other Liabilities and Provisi_3
Other Liabilities and Provisions - Summary of Other Liabilities and Provisions (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Financial liabilities | ||||
Deposits and others | ₨ 7 | |||
Non current financial liabilities | 7 | |||
Non-Financial liabilities | ||||
Employee benefits obligations | ₨ 2,083 | 1,791 | ||
Others | 3,175 | 2,440 | ||
Liabilities directly associated with assets held for sale | (8) | |||
Non current non financial liabilities | 5,258 | 4,223 | ||
Other non-current liabilities | 5,258 | 4,230 | ||
Financial liabilities | ||||
Deposits and others | 644 | 1,050 | ||
Current financial liabilities | 644 | $ 9 | 1,050 | |
Non-Financial liabilities | ||||
Statutory and other liabilities | 5,430 | 4,263 | ||
Employee benefits obligations | 10,065 | 8,537 | ||
Advance from customers | 1,361 | 1,901 | ||
Others | 1,190 | 1,139 | ||
Liabilities directly associated with assets held for sale | (277) | |||
Current non-financial liabilities | 18,046 | 261 | 15,563 | |
Other current liabilities | 18,690 | 16,613 | ||
Total | 23,948 | 20,843 | ||
Non-current | ||||
Provision for warranty | 2 | 3 | ||
Non-current provisions | 2 | [1] | 3 | |
Current | ||||
Provision for warranty | 275 | 290 | ||
Others | 363 | 506 | ||
Current provisions | 638 | $ 9 | 796 | |
Total | ₨ 640 | ₨ 799 | ||
[1] | Value is less than ₹ 1 |
Other Liabilities and Provisi_4
Other Liabilities and Provisions - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
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 |
Other Liabilities and Provisi_5
Other Liabilities and Provisions - Summary of Activity for Provision for Warranty and Other Provisions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | ₨ 799 | ₨ 1,274 |
Additional provision during the year | 308 | 324 |
Provision used during the year | (467) | (799) |
Balance at the end of the year | 640 | 799 |
Provision for warranty [member] | ||
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | 293 | 440 |
Additional provision during the year | 295 | 317 |
Provision used during the year | (311) | (464) |
Balance at the end of the year | 277 | 293 |
Other provisions [member] | ||
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | 506 | 834 |
Additional provision during the year | 13 | 7 |
Provision used during the year | (156) | (335) |
Balance at the end of the year | ₨ 363 | ₨ 506 |
Financial Instruments - Summary
Financial Instruments - Summary of Financial Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Assets: | ||||
Cash and cash equivalents | ₨ 158,529 | $ 2,292 | ₨ 44,925 | ₨ 52,710 |
Investments | ||||
Financial instrument at FVTPL | 13,960 | 46,438 | ||
Financial instrument at FVTOCI | 191,964 | 181,919 | ||
Financial instrument at Amortized cost | 21,708 | 28,405 | ||
Other financial assets | ||||
Trade receivables | 104,862 | 105,436 | ||
Unbilled receivables | 22,880 | 42,486 | ||
Other assets | 19,757 | 11,615 | ||
Derivative assets | 5,104 | 1,273 | ||
Total | 538,764 | 462,497 | ||
Trade payables and other payables | ||||
Trade payables and accrued expenses | 88,304 | 68,129 | ||
Other liabilities | 644 | 1,057 | ||
Loans, borrowings and bank overdrafts | 99,467 | 138,259 | ||
Derivative liabilities | 1,310 | 2,217 | ||
Total | ₨ 189,725 | ₨ 209,662 |
Financial Instruments - Summa_2
Financial Instruments - Summary of Financial Assets and Liabilities (Parenthetical) (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Unbilled receivables | ₨ 22,880 | ₨ 42,486 |
Fixed-price contracts [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Unbilled receivables | ₨ 15,038 |
Financial Instruments - Summa_3
Financial Instruments - Summary of Offsetting Other Financial Assets and Trade Payable and Other Liabilities (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of offsetting of financial assets liabilities [abstract] | ||
Gross amounts of recognized other financial assets | ₨ 154,129 | ₨ 165,985 |
Gross amounts of recognized financial liabilities set off in the balance sheet | (6,630) | (6,448) |
Net amounts of recognized other financial assets presented in the balance sheet | 147,499 | 159,537 |
Gross amounts of recognized trade payables and other payables | 95,578 | 75,634 |
Financial liabilities Gross amounts of recognized financial liabilities set off in the balance sheet | (6,630) | (6,448) |
Net amounts of recognized trade payables and other payables presented in the balance sheet | ₨ 88,948 | ₨ 69,186 |
Financial Instruments - Summa_4
Financial Instruments - Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis (Detail) - Fair value measurements at reporting date using [member] - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Cash flow hedges [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | ₨ 3,149 | ₨ 1,139 |
Fair value of financial liabilities | (130) | (1,276) |
Level 2 [member] | Cash flow hedges [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 3,149 | 1,139 |
Fair value of financial liabilities | (130) | (1,276) |
Derivative Assets - Others [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 1,955 | 134 |
Fair value of financial liabilities | (1,180) | (941) |
Derivative Assets - Others [member] | Level 2 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 1,955 | 134 |
Fair value of financial liabilities | (1,180) | (941) |
Investment in liquid and short-term mutual funds [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 13,960 | 46,438 |
Investment in liquid and short-term mutual funds [member] | Level 1 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 13,960 | 46,438 |
Investments in equity instruments [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 6,916 | 5,685 |
Investments in equity instruments [member] | Level 2 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 248 | |
Investments in equity instruments [member] | Level 3 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 6,668 | 5,685 |
Commercial paper, certificate of deposits and bonds [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 185,048 | 176,234 |
Commercial paper, certificate of deposits and bonds [member] | Level 1 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 6,865 | 1,951 |
Commercial paper, certificate of deposits and bonds [member] | Level 2 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | ₨ 178,183 | ₨ 174,283 |
Financial Instruments - Summa_5
Financial Instruments - Summary of Details of Assets and Liabilities Considered under Level 3 Classification (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | ₨ 760,640 | ||
Ending balance | 833,171 | $ 12,045 | ₨ 760,640 |
Beginning balance | (275,294) | ||
Ending balance | (262,418) | $ (3,793) | (275,294) |
Level 3 [member] | Investments in equity instruments [member] | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | 5,685 | 5,303 | |
Additions | 2,869 | 1,851 | |
Payouts | 0 | ||
Transferred to Investments accounted for using the equity method | (647) | (357) | |
Disposal | (1,341) | ||
Gain/loss recognized in foreign currency translation reserve | 203 | 53 | |
Gain/loss recognized in other comprehensive income | (101) | (1,165) | |
Finance expense recognized in consolidated statement of income | 0 | ||
Ending balance | 6,668 | 5,685 | |
Level 3 [member] | Derivative Assets - Others [member] | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | 426 | ||
Payouts | 0 | ||
Gain/loss recognized in consolidated statement of income | (426) | ||
Finance expense recognized in consolidated statement of income | 0 | ||
Level 3 [member] | Contingent consideration [member] | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | (339) | ||
Additions | 0 | 0 | |
Disposal | 164 | ||
Transferred to Investments accounted for using the equity method | 0 | 0 | |
Gain/loss recognized in consolidated statement of income | 167 | ||
Gain/loss recognized in foreign currency translation reserve | (32) | ||
Gain/loss recognized in other comprehensive income | ₨ 0 | 0 | |
Finance expense recognized in consolidated statement of income | ₨ 40 |
Financial Instruments - Summa_6
Financial Instruments - Summary of Significant Unobservable Inputs to Valuation (Detail) - Unquoted equity investments [member] - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Discounted cash flow model [member] | Long term growth rate [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets and liabilities [line items] | ||
Valuation technique | Discounted cash flow model | |
Significant unobservable input | Long term growth rate | |
Movement by | 0.50% | |
Increase | ₨ 201 | |
Decrease | ₨ (187) | |
Discounted cash flow model [member] | Discount rate [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets and liabilities [line items] | ||
Significant unobservable input | Discount rate | |
Movement by | 0.50% | |
Increase | ₨ (243) | |
Decrease | ₨ 256 | |
Third party quote [member] | Revenue achievement [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets and liabilities [line items] | ||
Valuation technique | Third party quote | |
Significant unobservable input | Revenue achievement | |
Movement by | 1.00% | |
Increase | ₨ 18 | |
Decrease | ₨ (18) |
Financial Instruments - Summa_7
Financial Instruments - Summary of Significant Unobservable Inputs to Valuation (Parenthetical) (Detail) ₨ in Millions | Mar. 31, 2018INR (₨) |
Disclosure of significant unobservable inputs used in fair value measurement of assets and liabilities [abstract] | |
Carrying value | ₨ 1,545 |
Financial Instruments - Summa_8
Financial Instruments - Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding (Detail) ₺ in Millions, € in Millions, ₨ in Millions, ر.ق in Millions, ر.ع. in Millions, ر.س in Millions, د.إ in Millions, ¥ in Millions, £ in Millions, zł in Millions, kr in Millions, kr in Millions, kr in Millions, SFr in Millions, R in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2019AUD ($) | Mar. 31, 2019CAD ($) | Mar. 31, 2019EUR (€) | Mar. 31, 2019GBP (£) | Mar. 31, 2019CHF (SFr) | Mar. 31, 2019AED (د.إ) | Mar. 31, 2019MXN ($) | Mar. 31, 2019NOK (kr) | Mar. 31, 2019OMR (ر.ع.) | Mar. 31, 2019PLN (zł) | Mar. 31, 2019QAR (ر.ق) | Mar. 31, 2019SAR (ر.س) | Mar. 31, 2019TRY (₺) | Mar. 31, 2019SGD ($) | Mar. 31, 2019ZAR (R) | Mar. 31, 2019DKK (kr) | Mar. 31, 2019JPY (¥) | Mar. 31, 2019SEK (kr) | Mar. 31, 2018INR (₨) | Mar. 31, 2018USD ($) | Mar. 31, 2018AUD ($) | Mar. 31, 2018CAD ($) | Mar. 31, 2018EUR (€) | Mar. 31, 2018GBP (£) | Mar. 31, 2018CHF (SFr) | Mar. 31, 2018AED (د.إ) | Mar. 31, 2018MXN ($) | Mar. 31, 2018NOK (kr) | Mar. 31, 2018OMR (ر.ع.) | Mar. 31, 2018PLN (zł) | Mar. 31, 2018QAR (ر.ق) | Mar. 31, 2018SAR (ر.س) | Mar. 31, 2018TRY (₺) | Mar. 31, 2018SGD ($) | Mar. 31, 2018ZAR (R) | Mar. 31, 2018DKK (kr) | Mar. 31, 2018JPY (¥) |
At cost [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ 333 | $ 904 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 1,182 | 939 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | € 134 | ||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | € 32 | 58 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | £ 147 | ||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | £ 1 | 95 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ 97 | $ 77 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 82 | 77 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 11 | $ 6 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R | R 56 | R 132 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 56 | $ 14 | |||||||||||||||||||||||||||||||||||||
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 123 | ر.س 62 | |||||||||||||||||||||||||||||||||||||
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 9 | د.إ 8 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | zł | zł 38 | zł 36 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | SFr | SFr 10 | SFr 6 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Qatar, Rials | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ق | ر.ق 3 | ر.ق 11 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Turkey, New Lira | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₺ | ₺ 28 | ₺ 10 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Mexico, Pesos | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 61 | ||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Norway, Krone | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 29 | kr 34 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Oman, Rials | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ع. | ر.ع. 1 | ر.ع. 3 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 35 | ||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 1,067 | 182 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 150 | 50 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | 191 | 13 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | 31 | ||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | 153 | 10 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | 71 | 20 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 56 | ||||||||||||||||||||||||||||||||||||||
At cost [member] | Interest rate swaps [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 75 | 75 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 730 | 575 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Mexico, Pesos | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 9 | ||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 154 | ¥ 399 | |||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Denmark, Kroner | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 75 | kr 9 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₨ | ₨ 3,794 | ₨ (944) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 1,410 | 951 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 1,359 | (360) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | (531) | ||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | 55 | 6 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | (667) | ||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | (1) | (56) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 15 | 29 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 28 | $ 68 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 1 | $ (1) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R | R 14 | R (16) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ 40 | $ 32 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Saudi Arabian Riyal [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.س | ر.س (1) | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | zł | zł 15 | zł 12 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | SFr | SFr 3 | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Qatar, Rials | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ق | ر.ق (1) | ر.ق (3) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Turkey, New Lira | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₺ | ₺ 12 | ₺ 8 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Mexico, Pesos | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ (6) | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Norway, Krone | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 4 | kr 3 | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Oman, Rials | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ع. | ر.ع. (1) | ر.ع. (1) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 5 | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 1,149 | 5 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 161 | (6) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | 68 | € 5 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | € 12 | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | 349 | 2 | |||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | £ 57 | £ (2) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ 39 | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Interest rate swaps [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (11) | (7) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ (971) | $ (417) | |||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 6 | ||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Denmark, Kroner | |||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr (13) | kr (1) |
Financial Instruments - Summa_9
Financial Instruments - Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding (Parenthetical) (Detail) | Mar. 31, 2019INR (₨) |
At fair value [member] | Top of range [member] | |
Disclosure of derivative contract outstanding [line items] | |
Designated derivative instruments | ₨ 1,000,000 |
Financial Instruments - Summ_10
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, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about hedges [abstract] | ||
Balance as at the beginning of the year | ₨ (143) | ₨ 7,325 |
Deferred cancellation gain/ (loss), net | 6 | (6) |
Changes in fair value of effective portion of derivatives | 1,069 | (12) |
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions | 2,087 | (7,450) |
Gain/(loss) on cash flow hedging derivatives, net | 3,162 | (7,468) |
Balance as at the end of the year | 3,019 | (143) |
Deferred tax thereon | (604) | 29 |
Balance as at the end of the year, net of deferred tax | ₨ 2,415 | ₨ (114) |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
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, 2019 are expected to occur and be reclassified to the consolidated statement of income over a period of two years. | |
Description of concentration of risk | No single customer accounted for more than 10% of the accounts receivable as at March 31, 2018 and 2019, respectively, or revenues for the year ended March 31, 2017, 2018 and 2019 | |
Interest rate risk [member] | Floating Interest Rate [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Annual interest expense | ₨ 866 | |
Currency risk [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase/decrease in spot exchange rate of the Indian rupee with the U.S. dollar | 1 | ₨ 1 |
Decrease/increase in the fair value of foreign currency dollar denominated derivative instruments | ₨ 457 | ₨ 365 |
Increase/decrease in respective foreign currencies compared to functional currency | 1.00% | 1.00% |
Currency risk [member] | Indian Rupee [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Decrease/increase in the fair value of foreign currency dollar denominated derivative instruments | ₨ 2,002 | ₨ 1,500 |
Decrease/increase in the fair value of foreign currency dollar denominated derivative instruments in statement of income | 602 | 414 |
Decrease/increase in the fair value of foreign currency dollar denominated derivative instruments in other comprehensive income | ₨ 1,400 | ₨ 1,086 |
Financial Instruments - Summ_11
Financial Instruments - Summary of Foreign Currency Risk from Non-derivative Financial Instruments (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | ₨ 104,862 | ₨ 105,436 | ||
Cash and cash equivalent | 158,529 | $ 2,292 | 44,925 | ₨ 52,710 |
Other assets | 58,715 | 46,322 | ||
Loans, borrowings and bank overdrafts | (99,467) | (138,259) | ||
Currency risk [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 62,088 | 54,906 | ||
Unbilled receivables | 14,965 | 25,694 | ||
Contract assets | 10,005 | |||
Cash and cash equivalent | 31,589 | 17,681 | ||
Other assets | 20,397 | 26,413 | ||
Loans, borrowings and bank overdrafts | (50,611) | (49,637) | ||
Trade payables, accrued expenses and other liabilities | (42,746) | (38,591) | ||
Net assets/ (liabilities) | 45,687 | 36,466 | ||
U.S.Dollar [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 39,896 | 32,948 | ||
Unbilled receivables | 8,038 | 13,893 | ||
Contract assets | 4,706 | |||
Cash and cash equivalent | 21,997 | 9,144 | ||
Other assets | 8,553 | 13,796 | ||
Loans, borrowings and bank overdrafts | (50,516) | (49,257) | ||
Trade payables, accrued expenses and other liabilities | (27,202) | (23,561) | ||
Net assets/ (liabilities) | (5,472) | (3,037) | ||
EURO [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 8,030 | 7,273 | ||
Unbilled receivables | 1,609 | 2,571 | ||
Contract assets | 1,445 | |||
Cash and cash equivalent | 2,884 | 3,791 | ||
Other assets | 1,173 | 1,993 | ||
Loans, borrowings and bank overdrafts | (20) | (41) | ||
Trade payables, accrued expenses and other liabilities | (5,779) | (3,962) | ||
Net assets/ (liabilities) | 9,342 | 11,625 | ||
Great British Pound [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 5,212 | 6,585 | ||
Unbilled receivables | 3,146 | 5,189 | ||
Contract assets | 2,270 | |||
Cash and cash equivalent | 1,573 | 1,685 | ||
Other assets | 4,056 | 4,061 | ||
Loans, borrowings and bank overdrafts | (21) | (37) | ||
Trade payables, accrued expenses and other liabilities | (4,646) | (5,958) | ||
Net assets/ (liabilities) | 11,590 | 11,525 | ||
Australian Dollar [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 3,542 | 3,459 | ||
Unbilled receivables | 1,225 | 2,094 | ||
Contract assets | 836 | |||
Cash and cash equivalent | 1,003 | 786 | ||
Other assets | 1,038 | 1,164 | ||
Loans, borrowings and bank overdrafts | (33) | (165) | ||
Trade payables, accrued expenses and other liabilities | (1,526) | (1,516) | ||
Net assets/ (liabilities) | 6,085 | 5,822 | ||
Canadian Dollar [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 1,528 | 990 | ||
Unbilled receivables | 204 | 338 | ||
Contract assets | 150 | |||
Cash and cash equivalent | 1,928 | 34 | ||
Other assets | 1,033 | 940 | ||
Trade payables, accrued expenses and other liabilities | (806) | (652) | ||
Net assets/ (liabilities) | 4,037 | 1,650 | ||
Other currencies [member] | ||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||
Trade receivables | 3,880 | 3,651 | ||
Unbilled receivables | 743 | 1,609 | ||
Contract assets | 598 | |||
Cash and cash equivalent | 2,204 | 2,241 | ||
Other assets | 4,544 | 4,459 | ||
Loans, borrowings and bank overdrafts | (21) | (137) | ||
Trade payables, accrued expenses and other liabilities | (2,787) | (2,942) | ||
Net assets/ (liabilities) | ₨ 9,161 | ₨ 8,881 |
Financial Instruments - Summ_12
Financial Instruments - Summary of Remaining Contractual Maturities of Significant Financial Liabilities at Reporting Date (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts | ₨ 99,467 | ₨ 138,259 |
Trade payables and accrued expenses | 88,304 | 68,129 |
Derivative liabilities | 1,310 | 2,217 |
Other liabilities | 644 | 1,057 |
Loans, borrowings and bank overdrafts, undiscounted cash flows | 102,755 | 142,659 |
Trade payables and accrued expenses, undiscounted cash flows | 88,304 | 68,129 |
Derivative liabilities, undiscounted cash flows | 1,310 | 2,217 |
Other liabilities, undiscounted cash flows | 644 | 1,057 |
Not later than one year [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | 73,559 | 95,466 |
Trade payables and accrued expenses, undiscounted cash flows | 88,304 | 68,129 |
Derivative liabilities, undiscounted cash flows | 1,310 | 2,210 |
Other liabilities, undiscounted cash flows | 644 | 1,050 |
1-2 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | 24,887 | 18,997 |
Derivative liabilities, undiscounted cash flows | 7 | |
Other liabilities, undiscounted cash flows | 7 | |
2-4 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | ₨ 4,309 | 28,190 |
4-7 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | ₨ 6 |
Financial Instruments - Summ_13
Financial Instruments - Summary of Balanced View of Liquidity and Financial Indebtedness (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [abstract] | ||||
Cash and cash equivalent | ₨ 158,529 | $ 2,292 | ₨ 44,925 | ₨ 52,710 |
Investment | 220,716 | 249,094 | ||
Loans and borrowings | (99,467) | (138,259) | ||
Net cash position | ₨ 279,778 | ₨ 155,760 |
Foreign Currency Translation _3
Foreign Currency Translation Reserve - Summary of Movement in Foreign Currency Translation Reserve Attributable to Equity Holders (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of foreign currency translation reserves [line items] | ||||
Balance at the beginning of the year | ₨ 485,346 | ₨ 522,695 | ₨ 467,384 | |
Translation difference related to foreign operations, net | 3,238 | $ 47 | 3,576 | (3,354) |
Change in effective portion of hedges of net investment in foreign operations | (287) | (4) | (49) | 276 |
Total comprehensive income for the year | 91,196 | 1,317 | 76,975 | 87,241 |
Balance at the end of the year | 570,753 | 8,252 | 485,346 | 522,695 |
Hosted data center services business [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Reclassification of foreign currency translation differences to profit and loss on sale of business | 4,131 | |||
Workday business [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Reclassification of foreign currency translation differences to profit and loss on sale of business | 79 | |||
Foreign currency translation reserve [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Balance at the beginning of the year | 16,618 | 13,107 | 16,116 | |
Translation difference related to foreign operations, net | 3,129 | 3,560 | ||
Change in effective portion of hedges of net investment in foreign operations | (287) | (49) | ||
Total comprehensive income for the year | (1,368) | 3,511 | (3,009) | |
Balance at the end of the year | 15,250 | $ 221 | ₨ 16,618 | ₨ 13,107 |
Foreign currency translation reserve [member] | Hosted data center services business [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Reclassification of foreign currency translation differences to profit and loss on sale of business | (4,131) | |||
Foreign currency translation reserve [member] | Workday business [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Reclassification of foreign currency translation differences to profit and loss on sale of business | ₨ (79) |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Major components of tax expense (income) [abstract] | ||||
Income tax expense as per the consolidated statement of income | ₨ 25,242 | $ 365 | ₨ 22,390 | ₨ 25,213 |
Income tax included in Other comprehensive income on: | ||||
Unrealized gains/ (losses) on investment securities | (65) | (644) | 594 | |
Gains/(losses) on cash flow hedging derivatives | 633 | (1,448) | 962 | |
Defined benefit plan actuarial gains/(losses) | 47 | 255 | 43 | |
Total income taxes | ₨ 25,857 | ₨ 20,553 | ₨ 26,812 |
Income Taxes - Summary of Compo
Income Taxes - Summary of Components of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Current taxes | ||||
Domestic | ₨ 17,987 | ₨ 18,500 | ₨ 21,089 | |
Foreign | 5,663 | 7,834 | 5,412 | |
Current taxes | 23,650 | 26,334 | 26,501 | |
Deferred taxes | ||||
Domestic | (180) | 3 | (63) | |
Foreign | 1,772 | (3,947) | (1,225) | |
Deferred taxes | 1,592 | (3,944) | (1,288) | |
Income tax expense | ₨ 25,242 | $ 365 | ₨ 22,390 | ₨ 25,213 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨)₨ / shares | Mar. 31, 2018INR (₨)₨ / shares | Mar. 31, 2017INR (₨)₨ / shares | Mar. 31, 2019USD ($) | |
Disclosure of income tax expense [line items] | ||||
Reversal of provisions pertaining to earlier periods | ₨ 2,267 | ₨ 380 | ₨ 593 | |
Deferred tax asset of unused tax losses not recognized | 6,769 | 3,756 | ||
Tax loss carry-forwards | 24,355 | 14,510 | ||
Tax loss carry-forwards not currently subject to expiration dates | 8,191 | 6,223 | ||
Tax loss carry-forwards expires in various years | ₨ 16,164 | 8,287 | ||
Tax loss carry-forwards expiration period | 2038 | |||
Deferred tax asset of unused tax losses recognized | ₨ 5,604 | 6,908 | $ 81 | |
Minimum alternate tax | 0 | 74 | ||
Decrease of current tax expense due to tax holidays | ₨ 15,390 | ₨ 11,635 | ₨ 11,958 | |
Tax incentives per share | ₨ / shares | ₨ 2.56 | ₨ 1.84 | ₨ 1.85 | |
Deferred tax liabilities on cumulative earnings of subsidiaries | ₨ 52,488 | ₨ 51,432 | ||
Branch profit tax percentage | 15.00% | |||
Unused tax losses [member] | ||||
Disclosure of income tax expense [line items] | ||||
Deferred tax asset of unused tax losses recognized | ₨ 3,149 | ₨ 5,694 |
Income Taxes - Summary of Recon
Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||||
Profit before taxes | ₨ 115,415 | $ 1,667 | ₨ 102,474 | ₨ 110,356 |
Enacted income tax rate in India | 34.94% | 34.94% | 34.61% | 34.61% |
Computed expected tax expense | ₨ 40,326 | ₨ 35,466 | ₨ 38,194 | |
Income exempt from tax | (18,469) | (12,878) | (12,684) | |
Basis differences that will reverse during a tax holiday period | (796) | 167 | (274) | |
Income taxed at higher/ (lower) rates | (1,002) | (111) | (1,105) | |
Reversal of deferred tax for past years due to rate reduction * | (1,563) | |||
Taxes related to prior years | (2,267) | (380) | (593) | |
Changes in unrecognized deferred tax assets | 3,972 | 239 | 40 | |
Expenses disallowed for tax purpose | 3,503 | 1,431 | 1,787 | |
Others, net | (25) | 19 | (152) | |
Income tax expense | ₨ 25,242 | $ 365 | ₨ 22,390 | ₨ 25,213 |
Effective income tax rate | 21.87% | 21.87% | 21.85% | 22.85% |
Income Taxes - Summary of Rec_2
Income Taxes - Summary of Reconciliation of Income Tax Expense (Parenthetical) (Detail) - INR (₨) | Dec. 31, 2017 | Mar. 31, 2018 |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||
US federal tax rate | 35.00% | 21.00% |
Re-statement of deferred tax | ₨ 1,563 |
Income Taxes - Summary of Com_2
Income Taxes - Summary of Components of Deferred Tax Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||
Carry forward losses | ₨ 3,149 | ₨ 5,694 | |
Trade payables, accrued expenses and other liabilities | 3,713 | 3,107 | |
Allowances for lifetime expected credit loss | 4,521 | 4,499 | |
Minimum alternate tax | 0 | 74 | |
Cash flow hedges | 29 | ||
Others | 318 | ||
Deferred tax assets, Gross1, Total | 11,701 | 13,403 | |
Property, plant and equipment | (1,840) | (2,166) | |
Amortizable goodwill | (1,899) | (1,810) | |
Intangible assets | (2,295) | (3,190) | |
Interest on bonds and fair value movement of investments | (1,455) | (1,712) | |
Cash flow hedges | (604) | ||
Contract liabilities | (289) | (273) | |
Others | (1,132) | (403) | |
Deferred tax liability, Gross | (9,514) | (9,554) | |
Net deferred tax assets / (liabilities) | 2,187 | 3,849 | |
Deferred tax assets | 5,604 | $ 81 | 6,908 |
Deferred tax liabilities | ₨ (3,417) | $ (49) | ₨ (3,059) |
Income Taxes - Movement in Defe
Income Taxes - Movement in Deferred Tax Assets and Liabilities (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | ₨ 3,849 | ₨ (3,516) | ₨ (822) |
Credit/(charge) in the consolidated statement of income | (1,592) | 3,944 | 1,288 |
Credit/(charge) in the Other comprehensive income | (616) | 1,573 | (1,218) |
On account of business combination | (113) | (2,764) | |
Assets held for sale | 1,961 | ||
Other (if any) | 546 | ||
Ending balance | 2,187 | 3,849 | (3,516) |
Carry forward losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 5,694 | 5,513 | 5,250 |
Credit/(charge) in the consolidated statement of income | (2,879) | 133 | 825 |
Credit/(charge) in the Other comprehensive income | 334 | 48 | (562) |
Ending balance | 3,149 | 5,694 | 5,513 |
Trade payables, accrued expenses and other liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 3,107 | 3,151 | 3,270 |
Credit/(charge) in the consolidated statement of income | 295 | 243 | (44) |
Credit/(charge) in the Other comprehensive income | (22) | (246) | (75) |
Assets held for sale | (41) | ||
Other (if any) | 333 | ||
Ending balance | 3,713 | 3,107 | 3,151 |
Allowances for lifetime expected credit loss [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 4,499 | 2,955 | 3,039 |
Credit/(charge) in the consolidated statement of income | 9 | 1,564 | (77) |
Credit/(charge) in the Other comprehensive income | 2 | 2 | (7) |
Assets held for sale | (22) | ||
Other (if any) | 11 | ||
Ending balance | 4,521 | 4,499 | 2,955 |
Minimum alternate tax [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 74 | 1,520 | 1,457 |
Credit/(charge) in the consolidated statement of income | (74) | (1,446) | 63 |
Ending balance | 74 | 1,520 | |
Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (2,166) | (4,153) | (4,262) |
Credit/(charge) in the consolidated statement of income | 219 | 912 | (249) |
Credit/(charge) in the Other comprehensive income | (94) | (75) | 358 |
Assets held for sale | 1,150 | ||
Other (if any) | 201 | ||
Ending balance | (1,840) | (2,166) | (4,153) |
Amortizable goodwill [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,810) | (4,057) | (3,963) |
Credit/(charge) in the consolidated statement of income | 16 | 1,522 | (401) |
Credit/(charge) in the Other comprehensive income | (105) | (53) | 307 |
Assets held for sale | 778 | ||
Ending balance | (1,899) | (1,810) | (4,057) |
Intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (3,190) | (4,511) | (4,665) |
Credit/(charge) in the consolidated statement of income | 1,076 | 1,546 | 2,639 |
Credit/(charge) in the Other comprehensive income | (181) | (112) | 279 |
On account of business combination | (113) | (2,764) | |
Ending balance | (2,295) | (3,190) | (4,511) |
Interest on bonds and fair value movement of investments [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,712) | (2,245) | (814) |
Credit/(charge) in the consolidated statement of income | 186 | (112) | (837) |
Credit/(charge) in the Other comprehensive income | 71 | 645 | (594) |
Ending balance | (1,455) | (1,712) | (2,245) |
Cash flow hedges [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 29 | (1,419) | (458) |
Credit/(charge) in the Other comprehensive income | (633) | 1,448 | (961) |
Ending balance | (604) | 29 | (1,419) |
Contract liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (273) | (183) | (4) |
Credit/(charge) in the consolidated statement of income | (1) | (35) | (192) |
Credit/(charge) in the Other comprehensive income | (15) | (9) | 13 |
Assets held for sale | (46) | ||
Ending balance | (289) | (273) | (183) |
Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (403) | (87) | 328 |
Credit/(charge) in the consolidated statement of income | (439) | (383) | (439) |
Credit/(charge) in the Other comprehensive income | 27 | (75) | 24 |
Assets held for sale | 142 | ||
Other (if any) | 1 | ||
Ending balance | ₨ (814) | ₨ (403) | ₨ (87) |
Dividends, Bonus and Buy Back o
Dividends, Bonus and Buy Back of equity shares - Additional Information (Detail) - INR (₨) ₨ / shares in Units, ₨ in Millions | 12 Months Ended | |||||
Mar. 31, 2019 | Mar. 08, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |||
Disclosure of dividends [line items] | ||||||
Cash dividends paid per equity share | ₨ 1 | ₨ 1 | ₨ 3 | |||
Interim dividend | ₨ 1 | ₨ 1 | ₨ 2 | |||
Bonus issue ratio | 33.33% | 100.00% | ||||
Par value per share | ₨ 2 | ₨ 2 | ₨ 2 | |||
Bonus issue of equity shares | 1,508,469,180 | 2,433,074,327 | ||||
Bonus issue of equity shares, shares | ₨ 3,016 | ₨ 4,866 | ||||
Number of shares approved for buyback | 343,750,000 | |||||
Payments on buyback of shares | ₨ 110,000 | |||||
Payments on buyback of shares | 110,312 | ₨ 25,000 | ||||
Reduction in share capital related to buyback | 687 | |||||
Securities premium reserve [member] | ||||||
Disclosure of dividends [line items] | ||||||
Bonus issue of equity shares, shares | [1] | (795) | ||||
Payments on buyback of shares | 1,656 | |||||
Retained earnings [member] | ||||||
Disclosure of dividends [line items] | ||||||
Bonus issue of equity shares, shares | ₨ (1,454) | [1] | (4,866) | |||
Payments on buyback of shares | 108,344 | |||||
Capital Redemption Reserve [member] | ||||||
Disclosure of dividends [line items] | ||||||
Payments on buyback of shares | ₨ 687 | |||||
[1] | Refer Note 18 |
Additional Capital Disclosure_2
Additional Capital Disclosures - Summary of Capital Structure (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) |
Capital structure [abstract] | |||
Equity attributable to the equity shareholders of the Company | ₨ 568,116 | $ 8,214 | ₨ 482,936 |
As percentage of total capital | 85.00% | 85.00% | 78.00% |
Current loans, borrowings and bank overdrafts | ₨ 71,099 | $ 1,028 | ₨ 92,991 |
Long-term loans and borrowings | 28,368 | $ 410 | 45,268 |
Total loans, borrowings and bank overdrafts | ₨ 99,467 | ₨ 138,259 | |
As percentage of total capital | 15.00% | 15.00% | 22.00% |
Total capital (loans, borrowings and bank overdrafts and equity) | ₨ 667,583 | ₨ 621,195 | |
Percentage of change, Equity attributable to the equity shareholders of the Company | 17.64% | 17.64% | |
Percentage of change, Total loans and borrowings | (28.06%) | (28.06%) | |
Percentage of change, Total capital (loans and borrowings and equity) | 7.47% | 7.47% |
Additional Capital Disclosure_3
Additional Capital Disclosures - Additional Information (Detail) | Mar. 31, 2019 | Mar. 31, 2018 |
Capital structure [abstract] | ||
Total capital (loans and borrowings and equity) | 15.00% | 22.00% |
Revenue - Summary of Revenue fr
Revenue - Summary of Revenue from Products and Services (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Revenue [abstract] | ||||
Rendering of services | ₨ 571,301 | ₨ 524,543 | ₨ 522,061 | |
Sales of products | 14,544 | 20,328 | 28,341 | |
Total revenues | ₨ 585,845 | $ 8,471 | ₨ 544,871 | ₨ 550,402 |
Expenses by Nature - Summary of
Expenses by Nature - Summary of Expenses by Nature (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Expenses by nature [abstract] | |||
Employee compensation | ₨ 299,774 | ₨ 272,223 | ₨ 268,081 |
Sub-contracting/ technical fees | 94,725 | 84,437 | 82,747 |
Cost of hardware and software | 13,567 | 18,985 | 27,216 |
Travel | 17,768 | 17,399 | 20,147 |
Facility expenses | 22,213 | 21,044 | 19,297 |
Depreciation, amortization and impairment | 19,474 | 21,124 | 23,107 |
Communication | 4,561 | 5,353 | 5,370 |
Legal and professional fees | 4,361 | 4,690 | 4,957 |
Rates, taxes and insurance | 1,621 | 2,400 | 2,261 |
Marketing and brand building | 2,714 | 3,140 | 2,936 |
Lifetime expected credit loss and provision for deferred contract cost | 980 | 6,565 | 2,427 |
Miscellaneous expenses | 11,736 | 4,705 | 5,836 |
Total cost of revenues, selling and marketing expenses and general and administrative expenses | ₨ 493,494 | ₨ 462,065 | ₨ 464,382 |
Expenses by Nature - Summary _2
Expenses by Nature - Summary of Expenses by Nature (Parenthetical) (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure Of Expense [line items] | ||||
Impairment on certain software platform and intangible assets recognized on acquisitions | ₨ 2,318 | ₨ 643 | ₨ 3,056 | |
Miscellaneous expenses | 11,736 | 4,705 | ₨ 5,836 | |
National Grid on settlement of legal claim [member] | ||||
Disclosure Of Expense [line items] | ||||
Miscellaneous expenses | ₨ 5,141 | $ 75 | ||
Provision for impairment of receivables and deferred contract cost [member] | ||||
Disclosure Of Expense [line items] | ||||
Provision for impairment of receivables and deferred contract cost | 4,612 | |||
Provision for impairment of receivables and deferred contract cost [member] | Cost Of Revenue [member] | ||||
Disclosure Of Expense [line items] | ||||
Provision for impairment of receivables and deferred contract cost | 416 | |||
Provision for impairment of receivables and deferred contract cost [member] | General and administrative expenses [member] | ||||
Disclosure Of Expense [line items] | ||||
Provision for impairment of receivables and deferred contract cost | ₨ 4,196 |
Other Operating Income - Summar
Other Operating Income - Summary of Gain Loss on Sale of Business (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2019INR (₨) | |
Hosted data center services business [member] | |
Disclosure of other operating income [line items] | |
Cash considerations | ₨ 25,432 |
Less: Carrying amount of net assets disposed | (26,455) |
Add: Reclassification of exchange difference on foreign currency translation | 4,131 |
Gain on sale | 3,108 |
Workday business [member] | |
Disclosure of other operating income [line items] | |
Cash considerations | 6,645 |
Less: Carrying amount of net assets disposed | (5,475) |
Add: Reclassification of exchange difference on foreign currency translation | 79 |
Gain on sale | ₨ 1,249 |
Other Operating Income - Summ_2
Other Operating Income - Summary of Gain Loss on Sale of Business (Parenthetical) (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of other operating income [line items] | ||||
Goodwill | ₨ 116,980 | $ 1,691 | ₨ 117,584 | ₨ 125,796 |
Intangible assets | 13,762 | $ 199 | ₨ 18,113 | |
Hosted data center services business [member] | ||||
Disclosure of other operating income [line items] | ||||
Disposal costs | 660 | |||
Goodwill | 13,009 | |||
Workday business [member] | ||||
Disclosure of other operating income [line items] | ||||
Goodwill | 4,893 | |||
Intangible assets | ₨ 740 |
Other Operating Income - Additi
Other Operating Income - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | |
Disclosure of other operating income [line items] | |||
Assets held for sale | ₨ 240 | $ 3 | ₨ 27,201 |
Liabilities directly associated with assets held for sale | ₨ 6,212 | ||
Hosted data center services business [member] | |||
Disclosure of other operating income [line items] | |||
Cash consideration | ₨ 25,432 | ||
Top of range [member] | Wipro Airport IT Services Limited [member] | |||
Disclosure of other operating income [line items] | |||
Percentage of ownership interest | 74.00% | ||
Bottom of range [member] | Wipro Airport IT Services Limited [member] | |||
Disclosure of other operating income [line items] | |||
Percentage of ownership interest | 11.00% | ||
Share buy- back program [member] | Hosted data center services business [member] | |||
Disclosure of other operating income [line items] | |||
Cash consideration | ₨ 28,124 | ||
Cash paid for unit subscription | 3,766 | ||
Buyback unit amount | ₨ 2,032 | ||
Vesting period of shares issued | 3 years | ||
Fair value on sale consideration | ₨ 24,358 | ||
Amount of units issued by the buyer | ₨ 1,734 |
Finance Expense - Summary of Fi
Finance Expense - Summary of Finance Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of finance expense [abstract] | ||||
Interest expense | ₨ 5,616 | ₨ 3,451 | ₨ 2,675 | |
Exchange fluctuation on foreign currency borrowings, net | 1,759 | 2,379 | 3,267 | |
Total | ₨ 7,375 | $ 107 | ₨ 5,830 | ₨ 5,942 |
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, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of finance and other income and Foreign exchange gains/(losses), net [abstract] | ||||
Interest income | ₨ 20,261 | ₨ 17,806 | ₨ 18,066 | |
Dividend income | 361 | 609 | 311 | |
Net gain from investments classified as FVTPL | 1,990 | 5,410 | 3,822 | |
Net gain from investments classified as FVOCI | 311 | 174 | 220 | |
Finance and other income | 22,923 | $ 331 | 23,999 | 22,419 |
Foreign exchange gains/(losses), net on financial instrument measured at FVTPL | 1,251 | (107) | 6,975 | |
Other Foreign exchange gains/(losses), net | 1,964 | 1,595 | (3,198) | |
Foreign exchange gains/(losses), net | 3,215 | 1,488 | 3,777 | |
Finance and other income and Foreign exchange gains/(losses), net | ₨ 26,138 | ₨ 25,487 | ₨ 26,196 |
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, 2019INR (₨)₨ / sharesshares | Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2018INR (₨)₨ / sharesshares | Mar. 31, 2017INR (₨)₨ / sharesshares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 90,031 | $ 1,300 | ₨ 80,081 | ₨ 84,895 |
Weighted average number of equity shares outstanding | 6,007,376,837 | 6,007,376,837 | 6,333,391,200 | 6,476,108,013 |
Basic earnings per share | (per share) | ₨ 14.99 | $ 0.22 | ₨ 12.64 | ₨ 13.11 |
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, 2019INR (₨)₨ / sharesshares | Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2018INR (₨)₨ / sharesshares | Mar. 31, 2017INR (₨)₨ / sharesshares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 90,031 | $ 1,300 | ₨ 80,081 | ₨ 84,895 |
Weighted average number of equity shares outstanding | 6,007,376,837 | 6,007,376,837 | 6,333,391,200 | 6,476,108,013 |
Effect of dilutive equivalent share options | 14,927,530 | 14,927,530 | 11,091,433 | 19,021,504 |
Weighted average number of equity shares for diluted earnings per share | 6,022,304,367 | 6,022,304,367 | 6,344,482,633 | 6,495,129,517 |
Diluted earnings per share | (per share) | ₨ 14.95 | $ 0.22 | ₨ 12.62 | ₨ 13.07 |
Earnings Per Equity Share - Add
Earnings Per Equity Share - Additional Information (Detail) - ₨ / shares | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 08, 2019 | |
Earnings per share [abstract] | ||||
Bonus issue ratio | 33.33% | 100.00% | 0.00% | |
Par value per share | ₨ 2 | ₨ 2 | ₨ 2 |
Employee Stock Incentive Plan_2
Employee Stock Incentive Plans - Additional Information (Detail) | 12 Months Ended | ||
Mar. 31, 2019INR (₨)shares | Mar. 31, 2018INR (₨)shares | Mar. 31, 2017INR (₨)shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Stock compensation expense recognized | ₨ 1,938,000,000 | ₨ 1,347,000,000 | ₨ 1,742,000,000 |
Employee stock option plans and restricted stock unit option [member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Options vesting period description | Three to five years | ||
Weighted-average grant-date fair value of options granted | ₨ 349.81 | 337.74 | 569.52 |
Weighted average share price of options exercised | ₨ 325.85 | ₨ 303.44 | ₨ 536.80 |
Treasury shares [member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Shares held in wipro equity reward trust | shares | 27,353,853 | 23,097,216 | 13,728,607 |
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 | 1,567,000 | 1,097,600 | 79,000 |
WARSUP 2004 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 | 1,673,000 | 1,113,600 | 188,000 |
Employee Stock Incentive Plan_3
Employee Stock Incentive Plans - Summary of General Terms of Grants Under Stock Option Plans and Restricted Stock Unit Option Plans (Detail) | 12 Months Ended | ||||||||||
Mar. 31, 2019INR (₨)₨ / shares | Mar. 31, 2019USD ($)$ / shares | Mar. 31, 2018INR (₨) | Mar. 31, 2018USD ($)$ / shares | Mar. 31, 2017INR (₨) | Mar. 31, 2017USD ($)$ / shares | Mar. 31, 2019INR (₨)₨ / shares | Mar. 31, 2019USD ($)$ / shares | Mar. 31, 2018INR (₨) | Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | |
Exercise Price Rs. 480.20 [member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Outstanding at the beginning of the year | ₨ 480.20 | ||||||||||
Bonus on outstanding | 480.20 | ||||||||||
Range of Exercise Prices | ₨ 480.20 | ₨ 480.20 | ₨ 480.20 | ₨ 480.20 | |||||||
Granted | ₨ / shares | ₨ 480.20 | ||||||||||
Exercised | ₨ 480.20 | ||||||||||
Forfeited and expired | ₨ / shares | ₨ 480.20 | ||||||||||
Outstanding at the end of the year | 480.20 | 480.20 | |||||||||
Exercisable at the end of the year | ₨ 480.20 | ||||||||||
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 | ||||||||||
Bonus on outstanding | 2 | ||||||||||
Range of Exercise Prices | ₨ 2 | 2 | ₨ 2 | 2 | |||||||
Granted | ₨ / shares | ₨ 2 | ||||||||||
Exercised | ₨ 2 | ||||||||||
Forfeited and expired | ₨ / shares | ₨ 2 | ||||||||||
Outstanding at the end of the year | 2 | ₨ 2 | |||||||||
Exercisable at the end of the year | ₨ 2 | ||||||||||
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 | $ | $ 0.03 | ||||||||||
Bonus on outstanding | $ | 0.03 | ||||||||||
Range of Exercise Prices | $ | $ 0.03 | $ 0.03 | $ 0.03 | $ 0.03 | |||||||
Granted | $ / shares | $ 0.03 | ||||||||||
Exercised | $ | $ 0.03 | ||||||||||
Forfeited and expired | $ / shares | $ 0.03 | ||||||||||
Outstanding at the end of the year | $ | 0.03 | $ 0.03 | |||||||||
Exercisable at the end of the year | $ | $ 0.03 | ||||||||||
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 | 59,797,979 | 59,797,979 | |||||||||
Range of Exercise Prices | $ | 0.03 | $ 0.03 | |||||||||
Outstanding at the end of the year | $ | $ 0.03 | ||||||||||
Wipro ADS Restricted Stock Unit Plan (WSRUP 2004 plan) | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Number of Options reserved under the plan | 59,797,979 | 59,797,979 | |||||||||
Range of Exercise Prices | 2 | ₨ 2 | |||||||||
Outstanding at the end of the year | 2 | ||||||||||
Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Number of Options reserved under the plan | 49,831,651 | 49,831,651 | |||||||||
Range of Exercise Prices | 2 | ₨ 2 | |||||||||
Outstanding at the end of the year | 2 | ||||||||||
Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Number of Options reserved under the plan | 39,546,197 | 39,546,197 | |||||||||
Range of Exercise Prices | 2 | ₨ 2 | |||||||||
Outstanding at the end of the year | 2 | ||||||||||
Wipro Equity Reward Trust Employee Stock Purchase Plan 2013 | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Number of Options reserved under the plan | 747,474,747 | 747,474,747 | |||||||||
Wipro Equity Reward Trust Employee Stock Purchase Plan 2013 | Bottom of range [member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Range of Exercise Prices | 171 | ₨ 171 | |||||||||
Outstanding at the end of the year | 171 | ||||||||||
Wipro Equity Reward Trust Employee Stock Purchase Plan 2013 | Top of range [member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Range of Exercise Prices | 490 | 490 | |||||||||
Outstanding at the end of the year | 490 | ||||||||||
Employee stock option plans and restricted stock unit option [member] | Exercise Price Rs. 480.20 [member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Numbers, Outstanding at the beginning of the year | 20,181 | 20,181 | 20,181 | 20,181 | |||||||
Numbers, Exercised | (20,181) | (20,181) | |||||||||
Numbers, Outstanding at the end of the year | 20,181 | 20,181 | |||||||||
Numbers, Exercisable at the end of the year | 20,181 | 20,181 | |||||||||
Weighted Average Exercise Price, Outstanding at the beginning of the year | 480.20 | ₨ 480.20 | ₨ 480.20 | ||||||||
Weighted Average Exercise Price, Bonus on outstanding | 480.20 | 480.20 | 480.20 | ||||||||
Weighted Average Exercise Price, Granted | 480.20 | 480.20 | 480.20 | ||||||||
Weighted Average Exercise Price, Exercised | 480.20 | 480.20 | 480.20 | ||||||||
Weighted Average Exercise Price, Forfeited and expired | 480.20 | 480.20 | 480.20 | ||||||||
Weighted Average Exercise Price, Outstanding at the end of the year | ₨ 480.20 | ₨ 480.20 | 480.20 | ||||||||
Weighted Average Exercise Price, Exercisable at the end of the year | ₨ 480.20 | ₨ 480.20 | ₨ 480.20 | ||||||||
Employee stock option plans and restricted stock unit option [member] | Exercise Price Rs. 2 [Member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Numbers, Outstanding at the beginning of the year | 13,543,997 | 13,543,997 | 7,952,083 | 7,952,083 | 7,254,326 | 7,254,326 | |||||
Numbers, Bonus on outstanding | 4,773,755 | 4,773,755 | 6,968,406 | 6,968,406 | |||||||
Numbers, Granted | 4,607,000 | 4,607,000 | 4,612,400 | 4,612,400 | 2,398,000 | 2,398,000 | |||||
Numbers, Exercised | (2,739,097) | (2,739,097) | (5,325,217) | (5,325,217) | (1,113,775) | (1,113,775) | |||||
Numbers, Forfeited and expired | (2,578,192) | (2,578,192) | (663,675) | (663,675) | (586,468) | (586,468) | |||||
Numbers, Outstanding at the end of the year | 17,607,463 | 17,607,463 | 13,543,997 | 13,543,997 | 7,952,083 | 7,952,083 | |||||
Numbers, Exercisable at the end of the year | 698,320 | 1,300,781 | 1,300,781 | 1,875,994 | 1,875,994 | 698,320 | |||||
Weighted Average Exercise Price, Outstanding at the beginning of the year | ₨ 2 | ₨ 2 | ₨ 2 | ||||||||
Weighted Average Exercise Price, Bonus on outstanding | 2 | 2 | 2 | ||||||||
Weighted Average Exercise Price, Granted | 2 | 2 | 2 | ||||||||
Weighted Average Exercise Price, Exercised | 2 | 2 | 2 | ||||||||
Weighted Average Exercise Price, Forfeited and expired | 2 | 2 | 2 | ||||||||
Weighted Average Exercise Price, Outstanding at the end of the year | ₨ 2 | ₨ 2 | 2 | ||||||||
Weighted Average Exercise Price, Exercisable at the end of the year | ₨ 2 | ₨ 2 | ₨ 2 | ||||||||
Employee stock option plans and restricted stock unit option [member] | Exercise Price Range 0.03 [member] | |||||||||||
Disclosure of range of exercise prices of outstanding share options [line items] | |||||||||||
Numbers, Outstanding at the beginning of the year | 10,199,054 | 10,199,054 | 5,288,783 | 5,288,783 | 3,747,430 | 3,747,430 | |||||
Numbers, Bonus on outstanding | 3,957,434 | 3,957,434 | 4,077,070 | 4,077,070 | |||||||
Numbers, Granted | 4,849,000 | 4,849,000 | 3,897,000 | 3,897,000 | 2,379,500 | 2,379,500 | |||||
Numbers, Exercised | (1,541,803) | (1,541,803) | (2,565,976) | (2,565,976) | (174,717) | (174,717) | |||||
Numbers, Forfeited and expired | (3,016,895) | (3,016,895) | (497,823) | (497,823) | (663,430) | (663,430) | |||||
Numbers, Outstanding at the end of the year | 14,446,790 | 14,446,790 | 10,199,054 | 10,199,054 | 5,288,783 | 5,288,783 | |||||
Numbers, Exercisable at the end of the year | 141,342 | 948,877 | 948,877 | 789,962 | 789,962 | 141,342 | |||||
Weighted Average Exercise Price, Outstanding at the beginning of the year | $ | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Bonus on outstanding | $ | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Granted | $ / shares | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Exercised | $ / shares | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Forfeited and expired | $ | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Outstanding at the end of the year | $ | $ 0.03 | $ 0.03 | $ 0.03 | ||||||||
Weighted Average Exercise Price, Exercisable at the end of the year | $ | $ 0.03 | $ 0.03 | $ 0.03 |
Employee Stock Incentive Plan_4
Employee Stock Incentive Plans - Schedule of general terms of grants under stock option plans and restricted stock unit option plans (Detail) - Employee stock option plans and restricted stock unit option [member] | Mar. 31, 2019INR (₨)mo | Mar. 31, 2018INR (₨)mo | Mar. 31, 2017INR (₨)mo |
Exercise Price Rs. 480.20 [member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of outstanding share options | 20,181 | ||
Weighted average exercise price | ₨ 480.20 | ₨ 480.20 | ₨ 480.20 |
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 | 17,607,463 | 13,543,997 | 7,952,083 |
Weighted average remaining life (Months) | mo | 24 | 27 | 19 |
Weighted average exercise price | ₨ 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 | 14,446,790 | 10,199,054 | 5,288,783 |
Weighted average remaining life (Months) | mo | 26 | 28 | 24 |
Weighted average exercise price | ₨ 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, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of defined benefit plans [abstract] | |||
Salaries and bonus | ₨ 289,005 | ₨ 261,981 | ₨ 258,207 |
Employee benefits plans | |||
Gratuity and other defined benefit plans | 1,459 | 1,532 | 1,095 |
Defined contribution plans | 7,372 | 7,363 | 7,037 |
Share based compensation | 1,938 | 1,347 | 1,742 |
Total employee cost | ₨ 299,774 | ₨ 272,223 | ₨ 268,081 |
Employee Benefits - Summary o_2
Employee Benefits - Summary of Employee Benefit Costs (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 299,774 | ₨ 272,223 | ₨ 268,081 |
Cost of revenues [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 251,818 | 228,937 | 226,595 |
Selling and marketing expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 30,972 | 28,070 | 26,051 |
General and administrative expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 16,984 | ₨ 15,216 | ₨ 15,435 |
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, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Re-measurement of net defined benefit liability/(asset) | |||
Return on plan assets excluding interest income | ₨ (49) | ₨ (18) | ₨ (189) |
Actuarial loss/ (gain) arising from financial assumptions | 73 | (296) | 363 |
Actuarial loss/ (gain) arising from demographic assumptions | (40) | (54) | (73) |
Actuarial loss/ (gain) arising from experience adjustments | (266) | (454) | (313) |
Defined benefit plan actuarial (gains)/ losses | ₨ (282) | ₨ (822) | ₨ (212) |
Employee Benefits - Summary o_4
Employee Benefits - Summary of Change in Plan Assets (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Current service cost | ₨ 1,434 | ₨ 1,525 | ₨ 1,130 |
Net interest on net defined benefit liability/(asset) | 25 | 7 | (35) |
Net gratuity cost/(benefit) | 1,459 | 1,532 | 1,095 |
Actual return on plan assets | ₨ 607 | ₨ 501 | ₨ 692 |
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, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Defined benefit obligation at the beginning of the year | ₨ (147) | ||
Current service cost | 1,434 | ₨ 1,525 | ₨ 1,130 |
Interest on obligation | 25 | 7 | (35) |
Remeasurement loss/(gains) | |||
Actuarial loss/(gain) arising from financial assumptions | (73) | 296 | (363) |
Actuarial loss/(gain) arising from demographic assumptions | 40 | 54 | 73 |
Defined benefit obligation at the end of the year | (1,042) | (147) | |
Present value of defined benefit obligation [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Defined benefit obligation at the beginning of the year | 8,654 | 8,270 | |
Acquisitions (Note 32) | 1,094 | 38 | |
Current service cost | 1,434 | 1,525 | |
Interest on obligation | 583 | 490 | |
Benefits paid | (1,047) | (865) | |
Remeasurement loss/(gains) | |||
Actuarial loss/(gain) arising from financial assumptions | 73 | (296) | |
Actuarial loss/(gain) arising from demographic assumptions | (40) | (54) | |
Actuarial loss/(gain) arising from experience adjustments | (266) | (454) | |
Defined benefit obligation at the end of the year | ₨ 10,485 | ₨ 8,654 | ₨ 8,270 |
Employee Benefits - Summary o_6
Employee Benefits - Summary of Defined Benefit Plans (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of net defined benefit liability (asset) [line items] | |||||
Defined benefit obligation at the beginning of the year | ₨ (147) | ||||
Present value of unfunded obligation | ₨ (1,042) | ₨ (147) | |||
Recognized asset/(liability) | (147) | ₨ (147) | (1,042) | (147) | |
Re-measurement of net defined benefit liability/(asset) | |||||
Return on plan assets excluding interest income | (607) | (501) | ₨ (692) | ||
Defined benefit obligation at the end of the year | (1,042) | (147) | |||
Plan assets [member] | |||||
Disclosure of net defined benefit liability (asset) [line items] | |||||
Defined benefit obligation at the beginning of the year | 8,507 | 7,919 | |||
Acquisitions (Note 32) | 109 | 28 | |||
Recognized asset/(liability) | 8,507 | 7,919 | 7,919 | ₨ 9,443 | ₨ 8,507 |
Expected return on plan assets | 558 | 483 | |||
Employer contributions | 254 | 59 | |||
Benefits paid | (34) | ||||
Re-measurement of net defined benefit liability/(asset) | |||||
Return on plan assets excluding interest income | 49 | 18 | |||
Defined benefit obligation at the end of the year | ₨ 9,443 | ₨ 8,507 | ₨ 7,919 |
Employee Benefits - Summary o_7
Employee Benefits - Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans (Detail) - yr | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 6.05% | 6.30% |
Expected return on plan assets | 6.05% | 6.30% |
Expected rate of salary increase | 6.80% | 6.89% |
Duration of defined benefit obligations | 0 | 0 |
Provident fund [member] | ||
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 7.00% | 7.35% |
Average remaining tenure of investment portfolio | 8 years | 7 years |
Guaranteed rate of return | 8.65% | 8.55% |
Employee Benefits - Summary o_8
Employee Benefits - Summary of Expected Future Contribution and Estimated Future Benefit Payments (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2019INR (₨) | |
Disclosure of defined benefit plans [abstract] | |
Expected contribution to the fund during the year ending March 31, 2020 | ₨ 1,331 |
Expected benefit payments from the fund for the year ending March 31, 2020 | 1,686 |
Expected benefit payments from the fund for the year ending March 31, 2021 | 1,203 |
Expected benefit payments from the fund for the year ending March 31, 2022 | 1,171 |
Expected benefit payments from the fund for the year ending March 31, 2023 | 1,150 |
Expected benefit payments from the fund for the year ending March 31, 2024 | 1,133 |
Thereafter | 7,552 |
Total | ₨ 13,895 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Actuarial assumption of discount rates [member] | ||
Disclosure of defined benefit plans [line items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% |
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ 435 | ₨ 341 |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ (405) | ₨ (320) |
Actuarial assumption of expected rates of salary increases [member] | ||
Disclosure of defined benefit plans [line items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% |
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ 245 | ₨ 184 |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ (229) | ₨ (173) |
Employee Benefits - Summary o_9
Employee Benefits - Summary of Fund and Plan Assets of Provident Fund (Detail) - Provident fund [member] - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of defined benefit plans [line items] | ||
Fair value of plan assets | ₨ 53,015 | ₨ 46,016 |
Present value of defined benefit obligation | (53,015) | (46,016) |
Net (shortfall)/ excess | ₨ 0 | ₨ 0 |
Related Party Relationships and
Related Party Relationships and Transactions - Summary of Subsidiaries and Associates (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Wipro LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro LLC |
Country of Incorporation | USA |
Wipro Gallagher Solutions, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Gallagher Solutions, LLC. |
Country of Incorporation | USA |
Opus Capital Markets Consultants LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Opus Capital Markets Consultants LLC |
Country of Incorporation | USA |
Wipro Promax Analytics Solutions Americas LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Promax Analytics Solutions Americas 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 |
Appirio Inc [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Appirio, Inc. |
Country of Incorporation | USA |
Cooper Software, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Cooper Software, LLC. |
Country of Incorporation | USA |
Infocrossing, LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Infocrossing, LLC |
Country of Incorporation | USA |
Wipro US Foundation [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro US Foundation |
Country of Incorporation | USA |
Wipro Overseas IT Services Pvt. Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Overseas IT Services Pvt. Ltd |
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 Digital Aps [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Digital Aps |
Country of Incorporation | Denmark |
Designit AS [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit A/S |
Country of Incorporation | Denmark |
Wipro Europe Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Europe Limited |
Country of Incorporation | U.K. |
Wipro UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro UK Limited |
Country of Incorporation | U.K. |
Wipro Financial Services UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Financial Services 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 Information Technology Austria GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Information Technology Austria GmbH |
Country of Incorporation | Austria |
Wipro Technologies Austria GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Austria GmbH |
Country of Incorporation | Austria |
New Logic Technologies SARL [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | NewLogic Technologies SARL |
Country of Incorporation | France |
Wipro Cyprus SE [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Cyprus SE |
Country of Incorporation | Cyprus |
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 Philippines, Inc. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Philippines, Inc. |
Country of Incorporation | Philippines |
Wipro Holdings Hungary Korlatolt FeleoOssegi Tarsasag [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings Hungary Korlátolt Felelosségu Társaság |
Country of Incorporation | Hungary |
Wipro Holdings Investment [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings Investment Korlátolt Felelosségu Társaság |
Country of Incorporation | Hungary |
Wipro Information Technology Egypt SAE [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Information Technology Egypt SAE |
Country of Incorporation | Egypt |
Wipro Arabia Co. Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Arabia Co. Limited |
Country of Incorporation | Saudi Arabia |
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 Poland SP Z.O.O [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Poland SP Z.O.O |
Country of Incorporation | Poland |
Wipro IT Services Poland [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services Poland SP Z.O.O |
Country of Incorporation | Poland |
Wipro Technologies Australia Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Australia Pty Ltd |
Country of Incorporation | Australia |
Wipro Corporate Technologies Ghana Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Corporate Technologies Ghana Limited |
Country of Incorporation | Ghana |
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 Technologies SA [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies SA |
Country of Incorporation | Argentina |
Wipro Portugal S.A. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Portugal S.A. |
Country of Incorporation | Portugal |
Limited Liability Company Wipro Technologies Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Limited Liability Company 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 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 [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 VZ, C.A. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies VZ, C.A. |
Country of Incorporation | Venezuela |
Wipro Technologies Peru S.A.C [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies Peru S.A.C |
Country of Incorporation | Peru |
Wipro do Brasil Servicos de Tecnologia S.A. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Servicos de Tecnologia S.A. |
Country of Incorporation | Brazil |
Wipro do brasil technologia ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Technologia Ltda |
Country of Incorporation | Brazil |
Wipro Technologies S.R.L [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies S.R.L. |
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 |
Wipro Bahrain Limited Co. S.P.C [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Bahrain Limited Co. S.P.C |
Country of Incorporation | Bahrain |
Wipro Gulf LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Gulf LLC |
Country of Incorporation | Sultanate of Oman |
Rainbow Software LLC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rainbow Software LLC |
Country of Incorporation | Iraq |
Cellent GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Cellent GmbH |
Country of Incorporation | Germany |
Cellent Gmbh [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Cellent GmbH |
Country of Incorporation | Austria |
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 |
Appirio India Cloud Solutions Private Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Appirio India Cloud Solutions Private Limited |
Country of Incorporation | India |
Wipro i t 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 |
Wipro Technologies Gmbh [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Technologies GmbH |
Country of Incorporation | Germany |
Wipro Do Brasil Sistemetas De Informatica Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Do Brasil Sistemetas De Informatica Ltd |
Country of Incorporation | Brazil Brazil |
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 Tokyo Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Tokyo Ltd. |
Country of Incorporation | Japan |
Denextep Spain Digital, S.L [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Denextep Spain Digital, S.L |
Country of Incorporation | Spain |
Designit Colombia S A S [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Colombia S A S |
Country of Incorporation | Colombia |
Designit Peru SAC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit Peru SAC |
Country of Incorporation | Peru |
Frontworx Informations technologie GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Frontworx Informations technologie GmbH |
Country of Incorporation | Austria |
Health Plan Services Insurance Agency, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | HealthPlan Services Insurance Agency, LLC. |
Country of Incorporation | USA |
Appirio, K.K [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Appirio, K.K |
Country of Incorporation | Japan |
Topcoder, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Topcoder, LLC. |
Country of Incorporation | USA |
Appirio Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Appirio Ltd |
Country of Incorporation | Ireland |
Appirio GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Appirio GmbH |
Country of Incorporation | Germany |
Apprio Ltd (UK) [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Apprio Ltd (UK) |
Country of Incorporation | U.K. |
Related Party Relationships a_2
Related Party Relationships and Transactions - Additional Information (Detail) - INR (₨) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Holding percentage | 100.00% | ||
Investment in associates | ₨ 0 | ₨ 261,000,000 | |
Drivestream Inc [member] | |||
Disclosure of transactions between related parties [line items] | |||
Ownership interest | 43.70% | 43.70% | 19.00% |
Denim Group Limited [member] | |||
Disclosure of transactions between related parties [line items] | |||
Ownership interest | 33.00% | ||
Denim Group LLC [member] | |||
Disclosure of transactions between related parties [line items] | |||
Ownership interest | 33.30% | 33.30% | |
Wipro Arabia Co. Limited [member] | |||
Disclosure of transactions between related parties [line items] | |||
Percentage of ownership interest | 66.67% | ||
Wipro Doha LLC [member] | |||
Disclosure of transactions between related parties [line items] | |||
Percentage of ownership interest by local shareholder | 51.00% | ||
Women's Business Park Technologies Limited [member] | |||
Disclosure of transactions between related parties [line items] | |||
Percentage of ownership interest | 55.00% |
Related Party Relationships a_3
Related Party Relationships and Transactions - Summary of Related Party Transactions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | ||
Disclosure of transactions between related parties [line items] | ||||
Dividend | ₨ 361 | ₨ 609 | ₨ 311 | |
Buyback of shares | 110,000 | [1] | 25,000 | |
Rent Paid | 6,490 | 6,236 | 5,953 | |
Entities controlled by directors [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Sales of goods and services | 102 | 136 | 114 | |
Assets purchased | 240 | 290 | 106 | |
Dividend | 3,171 | 3,171 | 5,087 | |
Buyback of shares | 63,745 | 19,638 | ||
Rental income | 43 | 42 | 43 | |
Rent Paid | 8 | 7 | 8 | |
Others | 63 | 31 | 93 | |
Balance as at the year end | ||||
Receivables | 132 | 39 | 76 | |
Payables | 8 | 57 | 22 | |
Key management personnel [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Dividend | 191 | 191 | 287 | |
Buyback of shares | 2 | |||
Rent Paid | 5 | 6 | 6 | |
Remuneration and short-term benefits | 341 | 248 | 231 | |
Other benefits | 173 | 130 | 156 | |
Balance as at the year end | ||||
Payables | ₨ 155 | ₨ 55 | ₨ 27 | |
[1] | Refer Note 18 |
Related Party Relationships a_4
Related Party Relationships and Transactions - Summary of Related Party Transactions (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Share based compensation | ₨ 1,938 | ₨ 1,347 | ₨ 1,742 |
Other benefits [member] | |||
Disclosure of transactions between related parties [line items] | |||
Share based compensation | ₨ 166 | ₨ 124 | ₨ 148 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2018 | Sep. 30, 2018 | Nov. 30, 2017 | Mar. 31, 2011 | |
Disclosure of contingent liabilities [line items] | |||||||
Rental payments under lease agreement | ₨ 6,490 | ₨ 6,236 | ₨ 5,953 | ||||
Operating lease agreements term | 15 years | ||||||
Capital commitments | ₨ 12,443 | 13,091 | |||||
Financial guarantee amount | 18,456 | 21,546 | |||||
Tax contingent liability [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Contingent tax liability | 66,441 | 101,440 | ₨ 3,286 | ₨ 47,583 | |||
Interest on contingent tax liability | ₨ 1,166 | ₨ 13,832 | |||||
Tax contingent liability [member] | Dispute resolution panel [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Contingent tax liability | ₨ 6,467 | ₨ 1,030 | |||||
Interest on contingent tax liability | ₨ 2,007 | ₨ 0 | |||||
Excise duty, Custom duty, sales tax and other matters [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Contingent tax liability | ₨ 8,477 | ₨ 7,745 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Contractual Payments under Non-Cancelable Leases (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of operating lease by lessee [line items] | ||
Contractual payments under non-cancelable leases | ₨ 19,741 | ₨ 21,010 |
Not later than one year [member] | ||
Disclosure of operating lease by lessee [line items] | ||
Contractual payments under non-cancelable leases | 7,006 | 6,186 |
Later than one year but not later than five years [member] | ||
Disclosure of operating lease by lessee [line items] | ||
Contractual payments under non-cancelable leases | 11,106 | 12,470 |
Later than five years [member] | ||
Disclosure of operating lease by lessee [line items] | ||
Contractual payments under non-cancelable leases | ₨ 1,629 | ₨ 2,354 |
Segment Information - Summary o
Segment Information - Summary of Information on Reportable Segments (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 585,845 | $ 8,471 | ₨ 544,871 | ₨ 550,402 |
Segment Result Total | 99,910 | 1,444 | 84,294 | 93,879 |
Finance expense | (7,375) | (107) | (5,830) | (5,942) |
Finance and other income | 22,923 | 331 | 23,999 | 22,419 |
Share of net loss of associates accounted for using the equity method | (43) | (1) | 11 | |
Profit before tax | 115,415 | 1,667 | 102,474 | 110,356 |
Income tax expense | (25,242) | (365) | (22,390) | (25,213) |
Profit for the year | 90,173 | $ 1,302 | 80,084 | 85,143 |
Depreciation, amortization and impairment | 19,474 | 21,124 | 23,107 | |
Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Other operating income | 4,344 | |||
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 589,060 | 546,359 | 554,179 | |
Other operating income | 4,344 | 4,082 | ||
Segment Result | 92,424 | 80,947 | 90,748 | |
Unallocated | 3,142 | 3,347 | (951) | |
Operating Segments [member] | Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 568,253 | 517,716 | 519,196 | |
Other operating income | 4,344 | 4,082 | ||
Segment Result | 95,017 | 79,812 | 95,260 | |
Unallocated | 3,142 | 3,347 | (951) | |
Segment Result Total | 102,503 | 83,159 | 98,391 | |
Operating Segments [member] | Information Technology Services [member] | Banking Financial Services and Insurance (BFSI) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 175,262 | 144,139 | 133,332 | |
Segment Result | 33,831 | 24,549 | 25,721 | |
Operating Segments [member] | Information Technology Services [member] | Health Business unit [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 75,081 | 74,136 | 81,980 | |
Segment Result | 8,638 | 9,624 | 9,524 | |
Operating Segments [member] | Information Technology Services [member] | Consumer Business Unit (CBU) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 89,313 | 77,914 | 78,101 | |
Segment Result | 16,828 | 12,619 | 15,928 | |
Operating Segments [member] | Information Technology Services [member] | Energy, Natural Resources and Utilities (ENU) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 72,830 | 67,841 | 68,223 | |
Segment Result | 7,081 | 8,097 | 14,485 | |
Operating Segments [member] | Information Technology Services [member] | Technology [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 76,591 | 73,947 | 72,069 | |
Segment Result | 15,916 | 14,680 | 16,634 | |
Operating Segments [member] | Information Technology Services [member] | Manufacturing [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 46,496 | 46,081 | 46,907 | |
Segment Result | 8,327 | 7,007 | 6,843 | |
Operating Segments [member] | Information Technology Services [member] | Communications (COMM) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 32,680 | 33,658 | 38,584 | |
Segment Result | 4,396 | 3,236 | 6,125 | |
Operating Segments [member] | Information Technology Products [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 12,312 | 17,998 | 25,922 | |
Segment Result | (1,047) | 362 | (1,680) | |
Segment Result Total | (1,047) | 362 | (1,680) | |
Operating Segments [member] | India State Run Enterprise (ISRE) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 8,544 | 10,694 | 9,244 | |
Segment Result | (1,829) | 454 | (2,326) | |
Segment Result Total | (1,829) | 454 | (2,326) | |
Material Reconciling Items [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (49) | (49) | (183) | |
Segment Result | 283 | 319 | (506) | |
Segment Result Total | ₨ 283 | ₨ 319 | ₨ (506) |
Segment Information - Additiona
Segment Information - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨)ClientSegment | Mar. 31, 2019USD ($)ClientSegment | Mar. 31, 2018INR (₨)Client | Mar. 31, 2017INR (₨)Client | |
Disclosure of operating segments [line items] | ||||
Number of geographic segments | Segment | 4 | 4 | ||
No client individually accounted for more than 10% of revenues | Client | 0 | 0 | 0 | 0 |
Stock compensation expense recognized | ₨ 1,938 | ₨ 1,347 | ₨ 1,742 | |
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Gain from the sale of hosted data center services, workday business and disposal of Wipro Airport IT services Limited | 4,344 | 4,082 | ||
Provision for impairment of receivables [member] | ||||
Disclosure of operating segments [line items] | ||||
Provision for impairment of receivables and deferred contract cost | 3,175 | |||
Provision for deferred contract cost [member] | ||||
Disclosure of operating segments [line items] | ||||
Provision for impairment of receivables and deferred contract cost | 1,437 | |||
Provision for legal contingencies and claims [member] | ||||
Disclosure of operating segments [line items] | ||||
Provision for impairment of receivables and deferred contract cost | 5,141 | $ 75 | ||
Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Gain from the sale of hosted data center services, workday business and disposal of Wipro Airport IT services Limited | 4,344 | |||
Information Technology Services [member] | Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Stock compensation expense recognized | 1,841 | ₨ 1,402 | 1,550 | |
Gain from the sale of hosted data center services, workday business and disposal of Wipro Airport IT services Limited | ₨ 4,344 | ₨ 4,082 |
Segment Information - Summary_2
Segment Information - Summary of Revenues from Geographic Segments Based on Domicile of Customer (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) | |
Disclosure of geographical areas [line items] | ||||
Total | ₨ 585,845 | $ 8,471 | ₨ 544,871 | ₨ 550,402 |
Operating Segments [member] | ||||
Disclosure of geographical areas [line items] | ||||
Total | 589,060 | 546,359 | 554,179 | |
Operating Segments [member] | India [member] | ||||
Disclosure of geographical areas [line items] | ||||
Total | 30,999 | 43,099 | 46,555 | |
Operating Segments [member] | Americas [member] | ||||
Disclosure of geographical areas [line items] | ||||
Total | 325,432 | 283,515 | 290,719 | |
Operating Segments [member] | Europe [member] | ||||
Disclosure of geographical areas [line items] | ||||
Total | 147,074 | 138,597 | 133,909 | |
Operating Segments [member] | Rest of the World [member] | ||||
Disclosure of geographical areas [line items] | ||||
Total | ₨ 85,555 | ₨ 81,148 | ₨ 82,996 |
Bank balance - Details of Balan
Bank balance - Details of Balance With Banks (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | Mar. 31, 2018INR (₨) | Mar. 31, 2017INR (₨) |
Disclosure of Bank Deposits [line items] | ||||
Current Account | ₨ 41,966 | |||
Deposit Account | 116,563 | ₨ 21,625 | ₨ 24,902 | |
Cash and cash equivalents | 158,529 | $ 2,292 | ₨ 44,925 | ₨ 52,710 |
Citibank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 24,507 | |||
Deposit Account | 14,737 | |||
Cash and cash equivalents | 39,244 | |||
HDFC Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 1,309 | |||
Deposit Account | 25,152 | |||
Cash and cash equivalents | 26,461 | |||
Axis Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 1 | |||
Deposit Account | 21,551 | |||
Cash and cash equivalents | 21,552 | |||
Kotak Mahindra Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 28 | |||
Deposit Account | 17,221 | |||
Cash and cash equivalents | 17,249 | |||
HSBC [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 9,776 | |||
Deposit Account | 4,112 | |||
Cash and cash equivalents | 13,888 | |||
Saudi British Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 845 | |||
Deposit Account | 7,006 | |||
Cash and cash equivalents | 7,851 | |||
ANZ Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 432 | |||
Deposit Account | 6,843 | |||
Cash and cash equivalents | 7,275 | |||
ICICI Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 28 | |||
Deposit Account | 5,555 | |||
Cash and cash equivalents | 5,583 | |||
State Bank of India [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 156 | |||
Deposit Account | 5,110 | |||
Cash and cash equivalents | 5,266 | |||
BNP Paribas [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 147 | |||
Deposit Account | 3,630 | |||
Cash and cash equivalents | 3,777 | |||
IndusInd Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Deposit Account | 2,800 | |||
Cash and cash equivalents | 2,800 | |||
Canara Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Deposit Account | 2,500 | |||
Cash and cash equivalents | 2,500 | |||
Wells Fargo Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 2,472 | |||
Cash and cash equivalents | 2,472 | |||
Standard Chartered Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 374 | |||
Cash and cash equivalents | 374 | |||
Indian Overseas Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 1 | |||
Deposit Account | 342 | |||
Cash and cash equivalents | 343 | |||
Bank of Montreal [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 270 | |||
Cash and cash equivalents | 270 | |||
MUFG Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 180 | |||
Cash and cash equivalents | 180 | |||
UniCredit Bank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 169 | |||
Cash and cash equivalents | 169 | |||
Rabobank [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 102 | |||
Cash and cash equivalents | 102 | |||
Other [member] | ||||
Disclosure of Bank Deposits [line items] | ||||
Current Account | 1,169 | |||
Deposit Account | 4 | |||
Cash and cash equivalents | ₨ 1,173 |
Bank balance - Additional Infor
Bank balance - Additional Information (Detail) - Sep. 01, 2018 - Alight LLC [member] ₨ in Millions, $ in Millions | INR (₨) | USD ($) |
Disclosure of Bank Deposits [line items] | ||
Total consideration paid for acquisition | ₨ 8,275 | $ 117 |
Net assets acquisition | ₨ 4,128 |
Events after the reporting pe_2
Events after the reporting period - Additional Information (Detail) ₨ / shares in Units, $ in Millions | Apr. 16, 2019INR (₨)shares | Mar. 31, 2019₨ / shares | Jun. 04, 2019USD ($) |
Disclosure of Events After Reporting Period [line items] | |||
Repurchase share percentage of paid-up capital | 5.35% | ||
Shares repurchased offer price per share | ₨ / shares | ₨ 325 | ||
Share repurchase program [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Shares authorised for repurchase | shares | 323,076,923 | ||
Share repurchase programmes maximum consideration amount | ₨ | ₨ 105,000,000,000 | ||
International TechneGroup [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Total amount of consideration for acquisition | $ | $ 45 |