Archive · 25 Jul 2025
Wipro Liquidates Hungarian Step-Down Subsidiary
Imagine a big company called Wipro that had a smaller company in Hungary.
Wipro decided to close down this small Hungarian company.
This is because they wanted to simplify how their whole business is organized.
The Hungarian company didn't make any money the previous year, but had some small income.
This move helps Wipro manage its finances better and streamline its operations.
Wipro's Hungarian subsidiary, Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag, has been voluntarily liquidated.
The liquidation was confirmed by the Hungarian Court of Registration on July 25, 2025.
The decision was made to rationalize and consolidate Wipro's group structure.
The Hungarian subsidiary generated no operational revenue in the last financial year.
The subsidiary's other income was reported at ₹2.9 crore, with a net worth of ₹18.5 crore, accounting for 0.02% of Wipro’s net worth.
- Who
- Wipro, an IT services firm.
- What
- Wipro liquidated its Hungarian subsidiary.
- When
- The liquidation was confirmed on July 25, 2025.
- Where
- Hungary
- Why
- To rationalize and consolidate Wipro's group structure.
- Company
- Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag
- Action
- Voluntary Liquidation
- Confirmation Date
- July 25, 2025
- Reason
- Rationalize and consolidate group structure
- Last Year Operational Revenue
- None
- Other Income
- ₹2.9 crore
- Net Worth
- ₹18.5 crore