Wipro Group company Wipro Infrastructure Engineering on Thursday announced the signing of an agreement to acquire Pune-based startup Linecraft.ai.
Image Credit source: Representational Image
wipro Group company Wipro Infrastructure Engineering on Thursday announced the signing of an agreement to acquire Pune-based startup Linecraft.ai. Linecraft.in is an Industrial Internet of Things product startup in the AI manufacturing sector. Wipro said in a statement that this startup has automation sector expertise, artificial intelligence (AI) and machine learning (ML) power, so that manufacturers can achieve higher production and better quality operations in real time.
The value of the deal has not been disclosed. Prateek Kumar, CEO of Wipro Infrastructure Engineering, said that this acquisition will help us expand our digital capabilities.
story of wipro
When the business went well, Azim Premji was sent to Stanford for studies. On August 11, 1966, he received a phone call and was informed about his father’s death. In a hurry, he had to leave his studies and return to India. At that time his age was 21 years. After the death of the father, the company was suffering continuous losses. The scope of damage was increasing. Premji took over his father’s company. Did not lose courage even in times of loss. Learned lessons from your defeat and stuck to your decision.
A day also came when the company started giving profits, but Premji, who returned from America, had also taken a lesson that the future belongs to IT. He started Wipro. This company was successful. In 1970, its revenue had reached Rs 7.2 crore. Premji started business in the field of IT in Wipro in 1980 after the exit of the giant IT company IBM from India. It was a big decision. Its positive effect was seen. In the same year, Wipro’s revenue reached Rs 43 crore.
He entered the field of IT through Wipro but he started business with mini computers. He applied to prepare it. Wipro started business in the field of IT when the foundation of IT revolution was being laid in India. As a result, the company’s revenue started increasing rapidly. In 1996, Wipro shifted its company headquarters to Bangalore. After this the company established records of success.
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