Archive · 25 Jul 2025
Wipro Liquidates Hungarian Step-Down Subsidiary
Imagine a big company called Wipro.
Wipro had a small part of their business in Hungary.
They decided to close down this small part, which is called liquidation.
The Hungarian government approved this decision on July 25, 2025.
Wipro said they did this to make their company simpler.
The Hungarian part of the company didn't make any money in the last year.
Its value was very small compared to the entire Wipro company.
Wipro's Hungarian subsidiary, Wipro Holdings Hungary, was voluntarily liquidated.
The liquidation was confirmed by the Hungarian Court of Registration on July 25, 2025.
The decision aims to rationalize and consolidate Wipro's group structure.
The Hungarian subsidiary generated no operational revenue in the last financial year.
The subsidiary's net worth was ₹18.5 crore, representing 0.02% of Wipro's net worth.
- Who
- Wipro, an IT services firm.
- What
- Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag was liquidated.
- When
- Confirmed on July 25, 2025.
- Where
- Hungary
- Why
- To rationalize and consolidate Wipro's group structure.
- Company
- Wipro
- Subsidiary
- Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag
- Action
- Voluntary liquidation
- Confirmation Date
- July 25, 2025
- Reason
- Rationalization and consolidation
- Net Worth
- ₹18.5 crore