8. 8.) The founders started the company with an initial investment of INR 10,000. It was started in in Model Colony, Pune as the registered office Xwas founded on 2 July 1981 by seven entrepreneurs!! . One of them includes NS Raghavan who was the companies first employee
9. 9.) The company was established in 1980 as subsidiary of Wipro Limited listed on New York Stock Exchange. X was founded in 1945 by M.H.Hasham Y in Amalner, Maharashtra, producing sunflower Vanaspati Oil and soaps. At that time, the company was called Western India Vegetable Products Limited (later abbreviated down to Wipro). The company logo still contains a sunflower to reflect their original business. Over the years, X diversified into several unrelated businesses on its own and through subsidiaries. These industries included soaps, wax, tin containers for packaging and crushing.
