Cover Page
Cover Page | 12 Months Ended |
Mar. 31, 2021shares | |
Cover [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2021 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | FY |
Trading Symbol | WIT |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
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 Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 5,479,138,555 |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Entity Address, Country | IN |
Document Annual Report | true |
Document Registration Statement | false |
Document Transition Report | false |
Document Shell Company Report | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Consolidated Statement of Finan
Consolidated Statement of Financial Position ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
ASSETS | ||||
Goodwill | ₨ 139,127 | $ 1,902 | ₨ 131,012 | |
Intangible assets | 13,085 | 179 | 16,362 | |
Property, plant and equipment | 85,192 | 1,165 | 81,120 | |
Right-of-Use assets | 16,420 | 225 | 16,748 | |
Financial assets | ||||
Derivative assets | 16 | [1] | ||
Investments | 10,576 | 145 | 9,302 | |
Trade receivables | 4,358 | 60 | 6,049 | |
Other financial assets | 6,088 | 83 | 5,881 | |
Non-Financial Assets | ||||
Investments accounted for using the equity method | 1,464 | 20 | 1,383 | |
Deferred tax assets | 1,664 | 23 | 6,005 | |
Non-current tax assets | 14,323 | 196 | 11,414 | |
Other non-current assets | 15,935 | 217 | 11,935 | |
Total non-current assets | 308,248 | 4,215 | 297,211 | |
Inventories | 1,064 | 15 | 1,865 | |
Financial assets | ||||
Derivative assets | 4,064 | 56 | 3,025 | |
Investments | 175,707 | 2,402 | 189,635 | |
Cash and cash equivalents | 169,793 | 2,321 | 144,499 | |
Trade receivables | 94,298 | 1,289 | 104,474 | |
Unbilled receivables | 27,124 | 371 | 25,209 | |
Other financial assets | 7,245 | 99 | 8,614 | |
Non-Financial Assets | ||||
Contract assets | 16,507 | 226 | 17,143 | |
Current tax assets | 2,461 | 34 | 2,882 | |
Other current assets | 24,923 | 340 | 22,505 | |
Total current assets | 523,186 | 7,153 | 519,851 | |
TOTAL ASSETS | 831,434 | 11,368 | 817,062 | |
Share capital | 10,958 | 150 | 11,427 | |
Share premium | 714 | 10 | 1,275 | |
Retained earnings | 466,692 | 6,381 | 476,103 | |
Share-based payment reserve | 3,071 | 42 | 1,550 | |
SEZ Re-investment reserve | 41,154 | 563 | 43,804 | |
Other components of equity | 30,506 | 418 | 23,299 | |
Equity attributable to the equity holders of the Company | 553,095 | 7,564 | 557,458 | |
Non-controlling interest | 1,498 | 20 | 1,875 | |
TOTAL EQUITY | 554,593 | 7,584 | 559,333 | |
Financial liabilities | ||||
Loans and borrowings | 7,458 | 102 | 4,840 | |
Derivative liabilities | 138 | |||
Lease liabilities | 13,513 | 185 | 12,638 | |
Other financial liabilities | 2,291 | 31 | 151 | |
Non-Financial Liabilities | ||||
Deferred tax liabilities | 4,633 | 63 | 2,825 | |
Non-current tax liabilities | 11,069 | 151 | 13,205 | |
Other non-current liabilities | 7,835 | 107 | 7,537 | |
Provisions | 2 | [1] | 2 | |
Total non-current liabilities | 46,801 | 639 | 41,336 | |
Financial liabilities | ||||
Loans, borrowings and bank overdrafts | 75,874 | 1,037 | 73,202 | |
Derivative liabilities | 1,070 | 15 | 7,231 | |
Trade payables and accrued expenses | 78,870 | 1,078 | 78,129 | |
Lease liabilities | 7,669 | 105 | 6,560 | |
Other financial liabilities | 1,470 | 20 | 899 | |
Non-Financial liabilities | ||||
Contract liabilities | 22,535 | 308 | 18,775 | |
Current tax liabilities | 17,324 | 237 | 11,731 | |
Other current liabilities | 24,552 | 336 | 19,254 | |
Provisions | 676 | 9 | 612 | |
Total current liabilities | 230,040 | 3,145 | 216,393 | |
TOTAL LIABILITIES | 276,841 | 3,784 | 257,729 | |
TOTAL EQUITY AND LIABILITIES | ₨ 831,434 | $ 11,368 | ₨ 817,062 | |
[1] | Value is less than 1 |
Consolidated Statement of Incom
Consolidated Statement of Income ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨)₨ / sharesshares | Mar. 31, 2021USD ($)$ / sharesshares | Mar. 31, 2020INR (₨)₨ / sharesshares | Mar. 31, 2019INR (₨)₨ / sharesshares | |
Profit or loss [abstract] | ||||
Revenues | ₨ 619,430 | $ 8,469 | ₨ 610,232 | ₨ 585,845 |
Cost of revenues | (423,205) | (5,786) | (436,085) | (413,033) |
Gross profit | 196,225 | 2,683 | 174,147 | 172,812 |
Selling and marketing expenses | (41,400) | (566) | (42,907) | (44,510) |
General and administrative expenses | (34,686) | (474) | (29,823) | (35,951) |
Foreign exchange gains/(losses), net | 2,995 | 41 | 3,169 | 3,215 |
Other operating income/(loss), net | (81) | (1) | 1,144 | 4,344 |
Results from operating activities | 123,053 | 1,683 | 105,730 | 99,910 |
Finance expenses | (5,088) | (70) | (7,328) | (7,375) |
Finance and other income | 20,912 | 286 | 24,081 | 22,923 |
Share of net profit /(loss) of associates accounted for using the equity method | 130 | 2 | 29 | (43) |
Profit before tax | 139,007 | 1,901 | 122,512 | 115,415 |
Income tax expense | (30,345) | (415) | (24,799) | (25,242) |
Profit for the year | 108,662 | 1,486 | 97,713 | 90,173 |
Profit attributable to: | ||||
Equity holders of the Company | 107,946 | 1,476 | 97,218 | 90,031 |
Non-controlling interest | 716 | 10 | 495 | 142 |
Profit for the year | ₨ 108,662 | $ 1,486 | ₨ 97,713 | ₨ 90,173 |
Earnings per equity share: Attributable to equity holders of the Company | ||||
Basic | (per share) | ₨ 19.11 | $ 0.26 | ₨ 16.67 | ₨ 14.99 |
Diluted | (per share) | ₨ 19.07 | $ 0.26 | ₨ 16.62 | ₨ 14.95 |
Weighted average number of equity shares used in computing earnings per equity share | ||||
Basic | 5,649,265,885 | 5,649,265,885 | 5,833,384,018 | 6,007,376,837 |
Diluted | 5,661,657,822 | 5,661,657,822 | 5,847,823,239 | 6,022,304,367 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Statement of comprehensive income [abstract] | ||||
Profit for the year | ₨ 108,662 | $ 1,486 | ₨ 97,713 | ₨ 90,173 |
Items that will not be reclassified to profit or loss in subsequent periods | ||||
Remeasurements of the defined benefit plans, net | 223 | 3 | (1,050) | 235 |
Net change in fair value of investment in equity instruments measured at fair value through OCI | 1,216 | 17 | 724 | (464) |
Items that will not be reclassified to profit or loss in subsequent periods | 1,439 | 20 | (326) | (229) |
Foreign currency translation differences | ||||
Translation difference relating to foreign operations | (656) | (9) | 8,447 | 3,238 |
Net change in fair value of hedges of net investment in foreign operations | (287) | |||
Reclassification of foreign currency translation differences to profit and loss on sale of hosted data center services, Workday business and Cornerstone OnDemand business | (4,210) | |||
Other Items that may be reclassified to profit or loss in subsequent periods | ||||
Net change in time value of option contracts designated as cash flow hedges | 52 | 1 | (520) | 463 |
Net change in intrinsic value of option contracts designated as cash flow hedges | 958 | 13 | (1,558) | 811 |
Net change in fair value of forward contracts designated as cash flow hedges | 3,035 | 41 | (2,652) | 1,255 |
Net change in fair value of investment in debt instruments measured at fair value through OCI | 1,851 | 25 | 1,222 | (18) |
Items that may be reclassified to profit or loss in subsequent periods | 5,240 | 71 | 4,939 | 1,252 |
Total other comprehensive income, net of taxes | 6,679 | 91 | 4,613 | 1,023 |
Total comprehensive income for the year | 115,341 | 1,577 | 102,326 | 91,196 |
Total comprehensive income attributable to: | ||||
Equity holders of the Company | 114,678 | 1,568 | 101,673 | 90,945 |
Non-controlling interest | 663 | 9 | 653 | 251 |
Total comprehensive income for the year | ₨ 115,341 | $ 1,577 | ₨ 102,326 | ₨ 91,196 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity ₨ in Millions, $ in Millions | INR (₨) | USD ($) | Adjustment On Adoption Of IFRS Sixteen [member]INR (₨) | Share capital, fully paid-up [member]INR (₨)shares | Share capital, fully paid-up [member]USD ($)shares | Share premium [member]INR (₨) | Share premium [member]USD ($) | Retained earnings [member]INR (₨) | Retained earnings [member]USD ($) | Retained earnings [member]Adjustment On Adoption Of IFRS Sixteen [member]INR (₨) | Share-based payment reserve [member]INR (₨) | Share-based payment reserve [member]USD ($) | SEZ Re- investment reserve [Member]INR (₨) | SEZ Re- investment reserve [Member]USD ($) | 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 (₨) | [1] | Other reserves [member]USD ($) | [1] | Equity attributable to the equity holders of the Company [member]INR (₨) | Equity attributable to the equity holders of the Company [member]USD ($) | Equity attributable to the equity holders of the Company [member]Adjustment On Adoption Of IFRS Sixteen [member]INR (₨) | Non- controlling interest [member]INR (₨) | Non- controlling interest [member]USD ($) | ||||||
Balance at the beginning 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 | |||||||||||||||||||||||
Beginning balance, shares at Mar. 31, 2018 | shares | [2] | 4,523,784,491 | 4,523,784,491 | ||||||||||||||||||||||||||||||
Statement [LineItems] | |||||||||||||||||||||||||||||||||
Adjustment on adoption of IFRS | Increase (decrease) due to application of IFRS 15 [member] | [3] | (2,279) | (2,279) | (2,279) | |||||||||||||||||||||||||||||
Adjusted balance | 483,067 | ₨ 9,048 | 800 | 450,986 | 1,772 | 16,618 | (114) | 1,547 | 480,657 | 2,410 | |||||||||||||||||||||||
Adjusted balance, shares | shares | [2] | 4,523,784,491 | 4,523,784,491 | ||||||||||||||||||||||||||||||
Comprehensive income for the year | |||||||||||||||||||||||||||||||||
Profit for the year | 90,173 | 90,031 | 90,031 | 142 | |||||||||||||||||||||||||||||
Other comprehensive income | 1,023 | (1,368) | 2,529 | (247) | 914 | 109 | |||||||||||||||||||||||||||
Total comprehensive income for the year | 91,196 | 90,031 | (1,368) | 2,529 | (247) | 90,945 | 251 | ||||||||||||||||||||||||||
Transaction with owners of the Company, recognized directly in equity | |||||||||||||||||||||||||||||||||
Issue of equity shares on exercise of options | 4 | ₨ 4 | 528 | (528) | 4 | ||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [2] | 1,681,717 | 1,681,717 | ||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | 565 | (565) | |||||||||||||||||||||||||||||||
Transferred to special economic zone re-investment reserve | (28,565) | ₨ 28,565 | |||||||||||||||||||||||||||||||
Cash dividend paid | [4] | (5,434) | (5,434) | (5,434) | |||||||||||||||||||||||||||||
Bonus issue of equity shares | ₨ 3,016 | [4] | (795) | [4] | (1,454) | [4] | (767) | ||||||||||||||||||||||||||
Bonus issue of equity shares, shares | shares | [2],[4] | 1,508,469,180 | 1,508,469,180 | ||||||||||||||||||||||||||||||
Infusion of capital | 28 | 28 | |||||||||||||||||||||||||||||||
Loss of control in subsidiary | (52) | (52) | |||||||||||||||||||||||||||||||
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) | (34,882) | 845 | 28,565 | (767) | (3,486) | (24) | ||||||||||||||||||||||||
Total transactions with owners of the Company, shares | shares | [2] | 1,510,150,897 | 1,510,150,897 | ||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2019 | 570,753 | ₨ 12,068 | 533 | 506,135 | 2,617 | 28,565 | 15,250 | 2,415 | 533 | 568,116 | 2,637 | ||||||||||||||||||||||
Ending balance, shares at Mar. 31, 2019 | shares | [2] | 6,033,935,388 | 6,033,935,388 | ||||||||||||||||||||||||||||||
Statement [LineItems] | |||||||||||||||||||||||||||||||||
Adjustment on adoption of IFRS | [3] | ₨ (872) | ₨ (872) | ₨ (872) | |||||||||||||||||||||||||||||
Adjusted balance | 569,881 | ₨ 12,068 | 533 | 505,263 | 2,617 | 28,565 | 15,250 | 2,415 | 533 | 567,244 | 2,637 | ||||||||||||||||||||||
Adjusted balance, shares | shares | [2] | 6,033,935,388 | 6,033,935,388 | ||||||||||||||||||||||||||||||
Comprehensive income for the year | |||||||||||||||||||||||||||||||||
Profit for the year | 97,713 | 97,218 | 97,218 | 495 | |||||||||||||||||||||||||||||
Other comprehensive income | 4,613 | 8,289 | (4,730) | 896 | 4,455 | 158 | |||||||||||||||||||||||||||
Total comprehensive income for the year | 102,326 | 97,218 | 8,289 | (4,730) | 896 | 101,673 | 653 | ||||||||||||||||||||||||||
Transaction with owners of the Company, recognized directly in equity | |||||||||||||||||||||||||||||||||
Issue of equity shares on exercise of options | 5 | ₨ 5 | 742 | (742) | 5 | ||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [2] | 2,498,925 | 2,498,925 | ||||||||||||||||||||||||||||||
Buyback of equity shares | (105,000) | [4] | ₨ (646) | [4] | (105,000) | [4] | 646 | (105,000) | [4] | ||||||||||||||||||||||||
Buyback of equity shares, shares | shares | [2],[4] | (323,076,923) | (323,076,923) | ||||||||||||||||||||||||||||||
Transaction cost related to buyback of equity shares | (311) | (311) | (311) | ||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | 1,026 | (1,026) | |||||||||||||||||||||||||||||||
Transferred to special economic zone re-investment reserve | (15,239) | 15,239 | |||||||||||||||||||||||||||||||
Effect of modification of ADS RSUs from equity settled to cash settled | [5] | (561) | (561) | (561) | |||||||||||||||||||||||||||||
Cash dividend paid | [4] | (6,863) | (6,863) | (6,863) | |||||||||||||||||||||||||||||
Cash dividend paid to Non-controlling interest holders | (1,415) | (1,415) | |||||||||||||||||||||||||||||||
Compensation cost related to employee share-based payment | 1,271 | 9 | 1,262 | 1,271 | |||||||||||||||||||||||||||||
Total transactions with owners of the Company | (112,874) | ₨ (641) | 742 | (126,378) | (1,067) | 15,239 | 646 | (111,459) | (1,415) | ||||||||||||||||||||||||
Total transactions with owners of the Company, shares | shares | [2] | (320,577,998) | (320,577,998) | ||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2020 | 559,333 | ₨ 11,427 | 1,275 | 476,103 | 1,550 | 43,804 | 23,539 | (2,315) | 2,075 | 557,458 | 1,875 | ||||||||||||||||||||||
Ending balance, shares at Mar. 31, 2020 | shares | [2] | 5,713,357,390 | 5,713,357,390 | ||||||||||||||||||||||||||||||
Comprehensive income for the year | |||||||||||||||||||||||||||||||||
Profit for the year | 108,662 | $ 1,486 | 107,946 | 107,946 | 716 | ||||||||||||||||||||||||||||
Other comprehensive income | 6,679 | 91 | (603) | 4,045 | 3,290 | 6,732 | (53) | ||||||||||||||||||||||||||
Total comprehensive income for the year | 115,341 | 1,577 | 107,946 | (603) | 4,045 | 3,290 | 114,678 | 663 | |||||||||||||||||||||||||
Transaction with owners of the Company, recognized directly in equity | |||||||||||||||||||||||||||||||||
Issue of equity shares on exercise of options | 6 | ₨ 6 | 866 | (866) | 6 | ||||||||||||||||||||||||||||
Issue of equity shares on exercise of options, shares | shares | [2] | 3,281,165 | 3,281,165 | ||||||||||||||||||||||||||||||
Buyback of equity shares | (116,445) | [4] | ₨ (475) | [4] | (1,427) | [4] | (115,018) | [4] | 475 | (116,445) | [4] | ||||||||||||||||||||||
Buyback of equity shares, shares | shares | [2],[4] | (237,500,000) | (237,500,000) | ||||||||||||||||||||||||||||||
Transaction cost related to buyback of equity shares | (199) | (199) | (199) | ||||||||||||||||||||||||||||||
Issue of shares by controlled trust on exercise of options | [2] | 662 | (662) | ||||||||||||||||||||||||||||||
Transferred from special economic zone re-investment reserve | 2,650 | (2,650) | |||||||||||||||||||||||||||||||
Effect of modification of ADS RSUs from cash settled to equity settled | [5] | 739 | 739 | 739 | |||||||||||||||||||||||||||||
Cash dividend paid | (6,419) | (5,459) | 0 | (5,459) | (960) | ||||||||||||||||||||||||||||
Others | (80) | (80) | |||||||||||||||||||||||||||||||
Compensation cost related to employee share-based payment | 2,317 | 7 | 2,310 | 2,317 | |||||||||||||||||||||||||||||
Total transactions with owners of the Company | (120,081) | ₨ (469) | (561) | (117,357) | 1,521 | (2,650) | 0 | 0 | 475 | (119,041) | (1,040) | ||||||||||||||||||||||
Total transactions with owners of the Company, shares | shares | [2] | (234,218,835) | (234,218,835) | ||||||||||||||||||||||||||||||
Balance at the end of the year at Mar. 31, 2021 | ₨ 554,593 | $ 7,584 | ₨ 10,958 | $ 150 | ₨ 714 | $ 10 | ₨ 466,692 | $ 6,381 | ₨ 3,071 | $ 42 | ₨ 41,154 | $ 563 | ₨ 22,936 | $ 314 | ₨ 1,730 | $ 24 | ₨ 5,840 | $ 80 | ₨ 553,095 | $ 7,564 | ₨ 1,498 | $ 20 | |||||||||||
Ending balance, shares at Mar. 31, 2021 | shares | [2] | 5,479,138,555 | 5,479,138,555 | ||||||||||||||||||||||||||||||
[1] | Refer to Note 20 | ||||||||||||||||||||||||||||||||
[2] | Includes 27,353,853, 22,746,081 and 19,401,215 treasury shares held as at March 31, 2019, 2020 and 2021, respectively by a controlled trust.2,599,183, 4,607,772 and 3,344,866 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2019, 2020 and 2021, respectively. | ||||||||||||||||||||||||||||||||
[3] | Refer to Note 3 | ||||||||||||||||||||||||||||||||
[4] | Refer to Note 22 | ||||||||||||||||||||||||||||||||
[5] | Refer to Note 30 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Equity (Parenthetical) - shares | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Statement [LineItems] | |||
Shares transferred for exercise option | 3,344,866 | 4,607,772 | 2,599,183 |
Treasury shares [member] | |||
Statement [LineItems] | |||
Treasury shares held | 19,401,215 | 22,746,081 | 27,353,853 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | ||
Cash flows from operating activities: | |||||
Profit for the year | ₨ 108,662 | $ 1,486 | ₨ 97,713 | ₨ 90,173 | |
Adjustments to reconcile profit for the year to net cash generated from operating activities: | |||||
Gain on sale of property, plant and equipment, net | (516) | (7) | (11) | (309) | |
Depreciation, amortization and impairment expense | 27,656 | 378 | 20,862 | 19,474 | |
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings | (2,251) | (31) | 6,376 | (546) | |
Share-based compensation expense | 2,310 | 32 | 1,262 | 1,938 | |
Share of net (profit) /loss of associates accounted for using the equity method | (130) | (2) | (29) | 43 | |
Income tax expense | 30,345 | 415 | 24,799 | 25,242 | |
Finance and other income, net of finance expense | (16,614) | (227) | (18,945) | (17,371) | |
(Gain)/loss from sale of business and loss of control in subsidiary, net | 81 | 1 | (1,144) | (4,344) | |
Changes in operating assets and liabilities; net of effects from acquisitions | |||||
Trade receivables | 12,848 | 176 | (3,327) | 1,392 | |
Unbilled receivables and Contract assets | (1,062) | (15) | (3,561) | 4,580 | |
Inventories | 803 | 11 | 2,085 | (566) | |
Other assets | 931 | 13 | (80) | (6,909) | |
Trade payables, accrued expenses, other liabilities and provisions | 5,698 | 78 | (12,401) | 20,844 | |
Contract liabilities | 3,704 | 51 | (6,572) | 7,824 | |
Cash generated from operating activities before taxes | 172,465 | 2,359 | 107,027 | 141,465 | |
Income taxes paid, net | (24,915) | (341) | (6,384) | (25,149) | |
Net cash generated from operating activities | 147,550 | 2,018 | 100,643 | 116,316 | |
Cash flows from investing activities: | |||||
Purchase of property, plant and equipment | (19,577) | (268) | (23,497) | (22,781) | |
Proceeds from sale of property, plant and equipment | 753 | 10 | 1,270 | 1,940 | |
Purchase of investments | (1,172,251) | (16,027) | (1,178,247) | (930,614) | |
Proceeds from sale of investments | 1,189,059 | 16,257 | 1,212,826 | 954,954 | |
Proceeds from sale of hosted data center services business and loss of control in subsidiary, net of related expenses and cash | 26,103 | ||||
Payment for business acquisitions including deposits and escrow, net of cash acquired | (9,873) | (135) | (10,003) | ||
Proceeds from sale of business | 7,459 | ||||
Interest received | 19,624 | 268 | 23,837 | 20,163 | |
Dividend received | 4 | [1] | 367 | 361 | |
Net cash generated from investing activities | 7,739 | 105 | 34,012 | 50,126 | |
Cash flows from financing activities: | |||||
Proceeds from issuance of equity shares/shares pending allotment | 6 | [1] | 14 | 4 | |
Repayment of loans and borrowings | (97,206) | (1,329) | (132,380) | (104,039) | |
Proceeds from loans and borrowings | 103,418 | 1,414 | 106,342 | 65,161 | |
Repayment of lease liabilities | (8,660) | (118) | (6,784) | ||
Payment for deferred contingent consideration in respect of business combination | (265) | ||||
Payment for buyback of equity shares, including transaction cost | (95,199) | (1,302) | (105,311) | ||
Payment of tax on buyback of equity shares | (21,445) | (293) | |||
Interest paid | (3,335) | (46) | (4,601) | (4,796) | |
Payment of cash dividend | (5,459) | (75) | (5,689) | (4,504) | |
Payment of tax on cash dividend | (1,174) | (930) | |||
Payment of cash dividend to Non-controlling interest holders | (960) | (13) | (1,415) | ||
Net cash used in financing activities | (128,840) | (1,762) | (150,998) | (49,369) | |
Net increase/ (decrease) in cash and cash equivalents during the year | 26,449 | 361 | (16,343) | 117,073 | |
Cash and cash equivalents at the beginning of the year | 144,104 | 1,970 | 158,525 | 40,926 | |
Effect of exchange rate changes on cash and cash equivalents | (890) | (12) | 1,922 | 526 | |
Cash and cash equivalents at the end of the year (Note 11) | ₨ 169,663 | $ 2,319 | ₨ 144,104 | ₨ 158,525 | |
[1] | Value is less than 1 |
The Company overview
The Company overview | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
The Company overview | 1. The Company overview Wipro Limited (“ Wipro Parent Company we us our the Company Group IT” BPS” 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. The Company has its primary listing with BSE Ltd. and National Stock Exchange of India Ltd. The Company’s American Depository Shares (“ ADS The Company’s Board of Directors authorized these consolidated financial statements for issue on June 9, 2021. |
Basis of preparation of consoli
Basis of preparation of consolidated financial statements | 12 Months Ended |
Mar. 31, 2021 | |
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 compliance with International Financial Reporting Standards and its interpretations (“ IFRS IASB 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 liability/(asset) 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, 2021, have been translated into United States dollars at the certified foreign exchange rate of $1 = ₹ (iv) Use of estimates and judgment The preparation of the consolidated financial statements in conformity with IFRS requires the 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. Revision 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) Leases: non-cancellable l) Provisions and contingent liabilities: The Company uses significant judgement to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence m) Other estimates n) Uncertainty relating to the global health pandemic on COVID-19: ss The Company bases its assessment on the belief that the probability of occurrence of forecasted transactions is not impacted by COVID-19. COVID-19 The impact of COVID-19 |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Mar. 31, 2021 | |
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 recognize investors share of profit or loss of the investee after the acquisition date. Non-current Assets and liabilities of disposal groups that are 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 and liabilities associated with assets held for sale. Non-current (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 which 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 which include long and short-term loans and borrowings, bank overdrafts, trade payables and accrued expenses, lease liabilities and 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 statement of cash flows, 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: The Company carries certain equity instruments which are not held for trading. At initial recognition, the Company may make an irrevocable election to present subsequent changes in the fair value of an investment in an equity instrument in other comprehensive income (FVTOCI) or through statement of income (FVTPL). For investments designated to be classified as FVTOCI, movements in fair value of investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of investments. For investments designated to be classified as FVTPL, both movements in fair value of investments and gain or loss on disposal of investments are recognized in the consolidated statement of income. 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 non-current d. Trade payables, accrued expenses, and other liabilities Trade payables, accrued expenses, and other liabilities 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 instruments 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 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 also designates 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 expenses. 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 recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the Company’s statement of financial position when the obligation specified in the contract is discharged or cancelled or expires. (v) Equity and share capital a) Share capital and Share premium The authorized share capital of the Company as at March 31, 2021 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 27,353,853, 22,746,081 and 19,401,215 treasury shares as at March 31, 2019, 2020 and 2021, respectively. Treasury shares are recorded at acquisition cost. c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. This includes Capital reserve as at March 31, 2019, 2020 and 2021 amounting to ₹ ₹ ₹ d) Special Economic Zone Re-Investment The SEZ Re-Investment Income-tax e) 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 share premium upon exercise of stock options and restricted stock unit options by employees. f) 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. g) 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. h) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on remeasurements of the 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, which is not freely available for distribution. As per the Companies Act, 2013, Capital redemption reserve is created when a company purchases its own shares out of free reserves or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve. The reserve can be utilized in accordance with the provisions of section 69 of the Companies Act, 2013. Capital redemption reserve amounting to ₹ ₹ i) 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. j) Buyback of equity shares The buyback of equity shares and related transaction costs are recorded as a reduction of free reserves. Further, capital redemption reserve is created as an apportionment from retained earnings. k) Bonus Issue For the purpose of bonus issue, the amount is transferred from capital redemption reserves, securities premium and retained earnings to the share capital. (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. 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 equipment 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 and 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 based on 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 of. 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 is 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 0.75 to 15 years Marketing related intangibles 3 to 10 years (viii) Leases On April 1, 2019, the Company adopted IFRS 16 “Leases”, which applied to all lease contracts outstanding as at April 1, 2019, using modified retrospective method by recording the cumulative effect of initial application as an adjustment to opening retained earnings. The Company has made use of the following practical expedients available in its transition to IFRS 16:— a) The Company will not reassess whether a contract is or contains a lease. Accordingly, the definition of lease in accordance with IAS 17 and IFRIC-4 b) The Company has applied a single discount rate to a portfolio of leases of similar assets in similar economic environment. Consequently, the Company has recorded its lease liability using the present value of remaining lease payments, discounted using the incremental borrowing rate at the date of initial application and the right-of-use c) The Company excluded the initial direct costs from measurement of the Right-of-Use (“ RoU d) The Company does not recognize RoU assets and lease liabilities for leases with less than twelve months of lease term and low-value The weighted average of discount rates applied to lease liabilities as at April 1, 2019 is 5.7%. On adoption of IFRS 16, a) the Company has recognized right-of-use ₹ ₹ b) the net carrying value of assets procured under the finance lease of ₹ ₹ ₹ of-use , c) the obligations under finance leases of ₹ (non-current ₹ ₹ d) prepaid rent on leasehold land and other assets, which were earlier classified under “Other Assets” have been reclassified to right-of-use ₹ The adoption of the new standard has resulted in a reduction of ₹ ₹ The Company evaluates each contract or arrangement, whether it qualifies as lease as defined under IFRS 16. The Company as a lessee The Company enters into an arrangement for lease of land, buildings, plant and equipment including computer equipment and vehicles. Such arrangements are generally for a fixed period but may have extension or termination options. The Company assesses, whether the contract is, or contains, a lease, at its inception. A contract is, or contains, a lease if the contract conveys the right to – (a) control use of an identified asset, (b) obtain substantially all the economic benefits from use of the identified asset, and (c) direct the use of the identified asset. The Company determines the lease term as the non-cancellable The Company at the commencement of the lease contract recognizes a RoU asset at cost and corresponding lease liability, except for leases with term of less than twelve months (short-term leases) and low-value The cost of the RoU assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the RoU assets are measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The RoU assets are depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of RoU assets. The estimated useful lives of RoU assets are determined on the same basis as those of property, plant and equipment. The Company applies IAS 36 to determine whether a RoU asset is impaired and accounts for any identified impairment loss as described in the impairment of non-financial For lease liabilities at the commencement of the lease, the Company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are discounted using the incremental borrowing rate that the Company would have to pay to borrow funds, including the consideration of factors such as the nature of the asset and location, collateral, market terms and conditions, as applicable in a similar economic environment. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. The Company recognizes the amount of the re-measurement re-measurement Lease liability payments are classified as cash used in financing activities in the consolidated statement of cash flows. The Company as a lessor Leases under which the Company is a lessor are classified as a finance or operating lease. Lease contracts where all the risks and rewards are substantially transferred to the lessee are classified as a finance lease. All other leases are classified as operating lease. For leases under which the Company is an intermediate lessor, the Company accounts for the head-lease and the sub-lease sub-lease (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, unbilled receivables, contract assets, finance lease receivables, 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, unbilled receivables, contract assets and finance 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 and equipment, RoU assets 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. 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. The recoverable amount of an asset or cash generating unit is the higher of its fair value less cost of disposal (“ FVLCD value-in-use VIU (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. Remeasurements of the defined benefit plans, comprising actuarial gains or losses, and the return on plan assets (excluding interest) are immediately recognized in other comprehensive income, net of taxes and not reclassified to profit or loss in subsequent period. 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 remeasurements of the defined benefit plans 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 and Pension 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 also maintains pension and similar plans for employees outside India, based on country specific regulations. These plans are partially funded, and the funds are managed by third party fund managers. The plans provide for monthly payout after retirement as per salary drawn and service period or for a lumpsum payment as set out in rules of each fund. The Company’s obligations in respect of the above plans, which are defined benefit plans, are provided for based on actuarial valuation using the projected unit credit method. The Company recognizes remeasurement gains and losses of the net defined benefit liability / (asset) 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 |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Mar. 31, 2021 | |
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, 2019 ₹ 3,697 ₹ 27,490 ₹ 92,366 ₹ 16,505 ₹ 948 ₹ 141,006 Reclassified on adoption of IFRS 16 — — (3,420 ) — — (3,420 ) Adjusted balance as at April 1, 2019 ₹ 3,697 ₹ 27,490 ₹ 88,946 ₹ 16,505 ₹ 948 ₹ 137,586 Translation adjustment 9 84 1,437 129 (5 ) 1,654 Additions 55 9,130 13,571 3,487 11 26,254 Additions through Business combinations — 5 417 7 — 429 Disposals — (199 ) (3,676 ) (258 ) (146 ) (4,279 ) As at March 31, 2020 ₹ 3,761 ₹ 36,510 ₹ 100,695 ₹ 19,870 ₹ 808 ₹ 161,644 Accumulated depreciation/ impairment: As at April 1, 2019 ₹ — ₹ 6,715 ₹ 73,188 ₹ 12,593 ₹ 682 ₹ 93,178 Reclassified on adoption of IFRS 16 — — (2,177 ) — — (2,177 ) Adjusted balance as at April 1, 2019 ₹ — ₹ 6,715 ₹ 71,011 ₹ 12,593 ₹ 682 ₹ 91,001 Translation adjustment — 32 1,066 91 (2 ) 1,187 Depreciation and impairment ** — 1,319 8,628 1,556 175 11,678 Disposals — (118 ) (2,649 ) (99 ) (128 ) (2,994 ) As at March 31, 2020 ₹ — ₹ 7,948 ₹ 78,056 ₹ 14,141 ₹ 727 ₹ 100,872 Capital work-in-progress ₹ 20,348 Net carrying value including Capital work-in-progress ₹ 81,120 Gross carrying value: As at April 1, 2020 ₹ 3,761 ₹ 36,510 ₹ 100,695 ₹ 19,870 ₹ 808 ₹ 161,644 Translation adjustment 5 100 303 25 (1 ) 432 Additions 107 3,569 14,362 1,958 9 20,005 Additions through Business combinations — — 27 57 — 84 Disposals (58 ) (765 ) (4,532 ) (1,218 ) (398 ) (6,971 ) As at March 31, 2021 ₹ 3,815 ₹ 39,414 ₹ 110,855 ₹ 20,692 ₹ 418 ₹ 175,194 Accumulated depreciation/ impairment: As at April 1, 2020 ₹ — ₹ 7,948 ₹ 78,056 ₹ 14,141 ₹ 727 ₹ 100,872 Translation adjustment — 32 174 11 — 217 Depreciation and impairment ** — 1,500 11,123 1,845 61 14,529 Disposals — (695 ) (4,313 ) (908 ) (391 ) (6,307 ) As at March 31, 2021 ₹ — ₹ 8,785 ₹ 85,040 ₹ 15,089 ₹ 397 ₹ 109,311 Capital work-in-progress ₹ 19,309 Net carrying value including Capital work-in-progress ₹ 85,192 * Including net carrying value of computer equipment and software amounting to ₹ ₹ ** Includes impairment charge on certain software platforms amounting to ₹ ₹ |
Right-of-Use assets
Right-of-Use assets | 12 Months Ended |
Mar. 31, 2021 | |
Disclosure of Right of use assets [Abstract] | |
Right-of-Use assets | 5. Right-of-Use Category of RoU asset Land Buildings Plant and Vehicles Total Gross carrying value: As at April 1, 2019 ₹ 2,003 ₹ 11,502 ₹ 2,941 ₹ 649 ₹ 17,095 Additions — 3,520 1,210 219 4,949 Additions through Business combinations — 364 — — 364 Disposals — (41 ) (47 ) (59 ) (147 ) Translation adjustment — 279 132 17 428 As at March 31, 2020 ₹ 2,003 ₹ 15,624 ₹ 4,236 ₹ 826 ₹ 22,689 Accumulated depreciation: Depreciation ₹ 27 ₹ 3,884 ₹ 1,731 ₹ 269 ₹ 5,911 Disposals — (18 ) (47 ) (10 ) (75 ) Translation adjustment — 62 37 6 105 As at March 31, 2020 ₹ 27 ₹ 3,928 ₹ 1,721 ₹ 265 ₹ 5,941 Net carrying value as at March 31, 2020 ₹ 16,748 Gross carrying value: As at April 1, 2020 ₹ 2,003 ₹ 15,624 ₹ 4,236 ₹ 826 ₹ 22,689 Additions 79 5,323 770 162 6,334 Additions through Business combinations — 352 — 84 436 Disposals — (2,503 ) (1,103 ) (154 ) (3,760 ) Translation adjustment — 48 15 8 71 As at March 31, 2021 ₹ 2,082 ₹ 18,844 ₹ 3,918 ₹ 926 ₹ 25,770 Accumulated depreciation: As at April 1, 2020 ₹ 27 ₹ 3,928 ₹ 1,721 ₹ 265 ₹ 5,941 Depreciation 28 4,487 1,465 285 6,265 Disposals — (1,703 ) (1,023 ) (119 ) (2,845 ) Translation adjustment — (9 ) (6 ) 4 (11 ) As at March 31, 2021 ₹ 55 ₹ 6,703 ₹ 2,157 ₹ 435 ₹ 9,350 Net carrying value as at March 31, 2021 ₹ 16,420 * Includes computer equipment. The Company recognized the following expenses in the consolidated statement of income: Year ended March 31, 2020 2021 Interest expenses on lease liabilities ₹ 914 ₹ 798 Rent expense pertaining to leases of low-value 44 53 Rent expense pertaining to leases with less than twelve months of lease term recognized under facility expenses 2,085 1,876 ₹ 3,043 ₹ 2,727 Payments toward leases of low-value Income from subleasing RoU assets is not material. As of March 31, 2020 and 2021, the Company is committed to certain leases amounting to ₹ ₹ Refer to Note 19 for remaining contractual maturities of lease liabilities. |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Goodwill and intangible assets | 6. Goodwill and intangible assets The movement in goodwill balance is given below: Year ended March 31, 2020 2021 Balance at the beginning of the year ₹ 116,980 ₹ 131,012 Translation adjustment 9,199 (1,357 ) Acquisition through business combinations* (Refer to Note 7) 4,833 9,472 Balance at the end of the year ₹ 131,012 ₹ 139,127 * Acquisition through business combinations for the year ended March 31, 2021 is net of ₹ The Company is organized by three operating segments: IT Services, IT Products and India State Run Enterprise Services. Goodwill as at March 31, 2020 and 2021 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, 2021, the Company re-organized re-allocated Year ended March 31, CGUs 2020 2021 Americas 1 ₹ 63,432 ₹ 64,573 Americas 2 32,392 34,038 Europe 22,149 26,641 Asia Pacific Middle East Africa 13,039 13,875 ₹ 131,012 ₹ 139,127 For 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 based on 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, 2020 and 2021, as the recoverable value of the CGUs exceeded the carrying value. 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, 2019 ₹ 26,924 ₹ 5,945 ₹ 32,869 Translation adjustment 1,031 382 1,413 Acquisition through business combinations (Refer to Note 7) 4,535 371 4,906 As at March 31, 2020 ₹ 32,490 ₹ 6,698 ₹ 39,188 Accumulated amortization/ impairment: As at April 1, 2019 ₹ 15,345 ₹ 3,762 ₹ 19,107 Translation adjustment 220 226 446 Amortization and impairment * 2,333 940 3,273 As at March 31, 2020 ₹ 17,898 ₹ 4,928 ₹ 22,826 Net carrying value as at March 31, 2020 ₹ 14,592 ₹ 1,770 ₹ 16,362 Gross carrying value: As at April 1, 2020 ₹ 32,490 ₹ 6,698 ₹ 39,188 Translation adjustment (56 ) (159 ) (215 ) Acquisition through business combinations (Refer to Note 7) 2,460 828 3,288 Deductions/Adjustments (8,568 ) (5,756 ) (14,324 ) As at March 31, 2021 ₹ 26,326 ₹ 1,611 ₹ 27,937 Accumulated amortization/ impairment: As at April 1, 2020 ₹ 17,898 ₹ 4,928 ₹ 22,826 Translation adjustment (142 ) (116 ) (258 ) Amortization and impairment * 5,060 1,548 6,608 Deductions/Adjustments (8,568 ) (5,756 ) (14,324 ) As at March 31, 2021 ₹ 14,248 ₹ 604 ₹ 14,852 Net carrying value as at March 31, 2021 ₹ 12,078 ₹ 1,007 ₹ 13,085 * includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ * During the year ended March 31, 2021, change in business strategy of a customer led to a significant decline in the revenue and earnings estimates, resulting in revision of recoverable value of customer-relationship intangible assets recognized on business combination. Further, the Company integrated certain brands acquired as part of a business combination, resulting in discontinuance of the acquired brands. Consequently, the Company has recognized impairment charge ₹ * Due to change in our estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ ₹ ₹ Amortization expense on intangible assets is included in selling and marketing expenses in the consolidated statement of income. As at March 31, 2021, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Net carrying value Estimated remaining ATCO I-Tek ₹ 1,920 0.33 years Vara Infotech Private Limited 1,888 5.5 - 8.5 years Rational Interaction, Inc. 1,799 1.92 - 5.92 years Eximius Design, LLC 1,701 0.75 - 6.42 years 4C NV 770 0.83 - 4.42 years IVIA Serviços de Informática Ltda 343 4.42 years Appirio Inc. 302 0.67 years Cellent AG 289 1.75 years International TechneGroup Incorporated 287 3.5 years Encore Theme Technologies Private Limited 161 2.75 - 4.75 years Others 3,625 0.25 - 11.25 years Total 13,085 |
Business combination
Business combination | 12 Months Ended |
Mar. 31, 2021 | |
Statement [LineItems] | |
Business combination | 7. Business combination Summary of acquisitions during the year ended March 31, 2020 is given below: During the year ended March 31, 2020, the Company has completed three business combinations (which both individually and in aggregate are not material) for a total consideration (upfront cash payout to acquire control) of ₹ a) ₹ b) ₹ c) ₹ The following table presents the final purchase price allocation: Description Purchase price allocated Net assets ₹ 949 Customer related intangibles 4,535 Other intangible assets 371 Deferred tax liabilities on intangible assets (213 ) Total ₹ 5,642 Goodwill 4,761 Total purchase price ₹ 10,403 Net assets acquired include ₹ ₹ The goodwill of ₹ Summary of acquisitions during the year ended March 31, 2021 is given below: During the year ended March 31, 2021, the Company has completed four business combinations (which individually are not material) for a total consideration (upfront cash payout to acquire control and contingent consideration) of ₹ a) ₹ IVIA b) ₹ 4C c) ₹ ETT d) ₹ Eximius The following table presents the provisional purchase price allocation: Description Purchase price Net assets ₹ 1,324 Customer related intangibles 2,460 Marketing related intangibles 828 Deferred tax liabilities on intangible assets (432 ) Total ₹ 4,180 Goodwill 9,544 Total purchase price ₹ 13,724 The total consideration for IVIA includes a contingent consideration linked to achievement of revenues and earnings over a period of 3 years ending September 30, 2023, and range of contingent consideration payable is between ₹ ₹ ₹ ₹ The total consideration for ETT includes a contingent consideration linked to achievement of revenues and earnings over a period of 18 months ending March 31, 2022, and range of contingent consideration payable is between ₹ ₹ ₹ ₹ The total consideration for Eximius includes a contingent consideration linked to achievement of revenues and earnings over a period of 2 years ending March 31, 2023, and range of contingent consideration payable is between ₹ ₹ ₹ ₹ Net assets acquired include ₹ ₹ The goodwill of ₹ The transaction costs of ₹ 7 The pro-forma Acquisition consummated after March 31, 2021 On March 4, 2021, the Company entered into a definitive agreement to acquire 100% equity interest in Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and Asia Pacific, and its subsidiaries, for a total cash consideration of ₹ Description Purchase price Net assets ₹ 4,398 Customer related intangibles 24,2 84 Marketing related intangibles 8,048 Deferred tax liabilities on intangible assets (9,376 ) Total ₹ 27,354 Goodwill 81,406 Total purchase price ₹ 108,760 The goodwill of ₹ end-to-end Goodwill is allocated to IT Services segment and is not deductible for income tax purposes. |
Investments
Investments | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Investments | 8. Investments As at March 31, 2020 2021 Non-current Financial instruments at FVTOCI Equity instruments ₹ 9,297 ₹ 10,572 Financial instruments at amortized cost Inter corporate and term deposits * 5 4 ₹ 9,302 ₹ 10,576 Current Financial instruments at FVTPL Investments in liquid and short-term mutual funds ₹ 14,795 ₹ 23,502 Financial instruments at FVTOCI Commercial paper, Certificate of deposits and bonds 155,587 131,382 Financial instruments at amortized cost Inter corporate and term deposits* 19,253 20,823 ₹ 189,635 ₹ 175,707 Total ₹ 198,937 ₹ 186,283 * non-current ₹ ₹ non-current ₹ ₹ Investments accounted for using the equity method The Company has no material associates as at March 31, 2020 and 2021. 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, 2020 2021 Carrying amount of the Company’s interest in associates accounted for using the equity method ₹ 1,383 ₹ 1,464 For the year ended March 31, 2019 2020 2021 Company’s share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income ₹ (43 ) ₹ 29 ₹ 130 Details of investments in equity instruments- classified as FVTOCI Carrying value As at March 31, Particulars 2020 2021 Non-current Ensono Holdings, LLC ₹ 2,733 ₹ 2,665 TLV Partners 567 804 Immuta, Inc. — 714 Tricentis Corporatio n 588 674 IntSights Cyber Intelligence Limited 641 620 Vectra Networks, Inc 582 562 Incorta Inc, Ltd. 529 512 YugaByte, Inc. — 494 Tradeshift Inc. 510 367 Harte Hanks Inc. 119 319 Vicarious FPC, Inc. 244 309 TLV Partners II, L.P. 190 295 Avaamo Inc. 260 252 B Capital Fund II, L.P. 118 220 Vulcan Cyber Ltd. — 219 CyCognito 99 216 Moogsoft (Herd) Inc. 227 179 Work-Bench Ventures II-A, 118 170 Boldstart Ventures IV, L.P. 49 156 Sealights Technologies Ltd 151 146 CloudKnox Security Inc. 151 146 Headspin Inc 849 140 Glilot Capital Partners III L.P. 28 87 Boldstart Opportunities II, L.P. — 79 TLV Partners III, L,P. 14 73 Wep Peripherals Ltd. 68 60 Altizon Systems Private Limited 38 38 Wep Solutions Limited 27 26 Drivestream India Private Limited 19 19 Work-Bench Ventures III-A, — 11 CloudGenix 378 — Total ₹ 9,297 ₹ 10,572 |
Trade receivables
Trade receivables | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Trade receivables | 9. Trade receivables As at March 31, 2020 2021 Trade receivables ₹ 124,460 ₹ 109,733 Allowance for lifetime expected credit loss (13,937 ) (11,077 ) ₹ 110,523 ₹ 98,656 Non-current 6,049 4,358 Current 104,474 94,298 The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2020 2021 Balance at the beginning of the year ₹ 14,824 ₹ 13,937 Additions during the year, net (Refer to Note 25) 1,043 1,506 Charged against allowance (2,139 ) (4,381 ) Translation adjustment 209 15 Balance at the end of the year ₹ 13,937 ₹ 11,077 |
Inventories
Inventories | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Inventories | 10. Inventories As at March 31, 2020 2021 Stores and spare parts ₹ 613 ₹ 127 Finished and traded goods 1,252 937 ₹ 1,865 ₹ 1,064 |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Cash and cash equivalents | 11. Cash and cash equivalents As at March 31, 2019 2020 2021 Cash and bank balances ₹ 41,966 ₹ 34,087 ₹ 68,842 Demand deposits with banks * 116,563 110,412 100,951 ₹ 158,529 ₹ 144,499 ₹ 169,793 * These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal. Cash and cash equivalents consist of the following for the purpose of the statement of cash flows: As at March 31, 2019 2020 2021 Cash and cash equivalents (as above) ₹ 158,529 ₹ 144,499 ₹ 169,793 Bank overdrafts (4 ) (395 ) (130 ) ₹ 158,525 ₹ 144,104 ₹ 169,663 |
Other financial assets
Other financial assets | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Other financial assets | 12. Other financial assets As at March 31, 2020 2021 Non-current Security deposits ₹ 1,581 ₹ 1,477 Interest receivables 1,139 1,139 Finance lease receivables 2,359 3,144 Others 802 328 ₹ 5,881 ₹ 6,088 Current Security deposits ₹ 1,127 ₹ 1,149 Dues from officers and employees 1,040 411 Interest receivables 2,581 1,628 Finance lease receivables 2,811 3,438 Others 1,055 619 ₹ 8,614 ₹ 7,245 ₹ 14,495 ₹ 13,333 Finance lease receivables Finance lease receivables consist of assets that are leased to customers for a contract term normally ranging 1 to 5 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, 2020 2021 2020 2021 Not later than one year ₹ 2,986 ₹ 3,636 ₹ 2,811 ₹ 3,438 Later than one year but not later than five years 2,473 3,264 2,359 3,144 Gross investment in lease 5,459 6,900 5,170 6,582 Less: Unearned finance income (289 ) (318 ) — — Present value of minimum lease payment receivables ₹ 5,170 ₹ 6,582 ₹ 5,170 ₹ 6,582 Non-current 2,359 3,144 Current finance lease receivables 2,811 3,438 |
Other assets
Other assets | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Other assets | 13. Other assets As at March 31, 2020 2021 Non-current Prepaid expenses ₹ 4,535 ₹ 3,417 Costs to obtain contract* 4,030 3,413 Costs to fulfil contract 305 337 Others (Refer to Note 35) 3,065 8,768 ₹ 11,935 ₹ 15,935 Current Prepaid expenses ₹ 9,876 ₹ 12,121 Dues from officers and employees 310 105 Advance to suppliers 3,121 3,199 Balance with GST and other authorities 7,805 7,903 Costs to obtain contract* 1,258 759 Costs to fulfil contract — 53 Others 135 783 ₹ 22,505 ₹ 24,923 ₹ 34,440 ₹ 40,858 * Amortization during the year ended March 31, 2020 and 2021 amounting to ₹ ₹ |
Loans, borrowings and bank over
Loans, borrowings and bank overdrafts | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Loans, borrowings and bank overdrafts | 14. Loans, borrowings and bank overdrafts Short-term loans, borrowings and bank overdrafts The Company had loans, borrowings and bank overdrafts amounting to ₹ ₹ ₹ As at March 31, 2021, the Company has unutilized lines of credit aggregating ₹ The Company has non-fund ₹ ₹ ₹ ₹ non-fund Long-term loans and borrowings As at March 31, 2020 As at March 31, 2021 Currency Foreign Indian Rupee Foreign Indian Rupee Interest rate Final Unsecured loans U.S. Dollar (U.S.$) 311 23,478 310 22,671 1.04% - 3.81 % March-24 Canadian Dollar (CAD) ^ 25 ^ 10 1.48% - 3.26 % July-21 Indian Rupee (INR) — 440 — 240 8.29% - 9.35 % March-24 Australian Dollar (AUD) 1 44 ^ 26 4.65 % January-22 Pound Sterling (GBP) ^ 22 ^ 12 2.93 % February-22 Euro (EUR) ^ 13 ^ 10 2.87 % April-23 ₹ 24,022 ₹ 22,969 Non-current portion of long-term loans and borrowings 4,840 7,458 Current portion of long-term loans and borrowings 19,182 15,511 ^ Value is less than 1 Cash and non-cash changes in liabilities arising from financing activities: Non-cash changes April 1, 2019 Cash flow IFRS 16 Net additions Foreign March Borrowings 97,461 (26,038 ) — — 6,224 77,647 Bank overdrafts 4 391 — — — 395 Obligations under finance leases 2,002 — (2,002 ) — — — Lease Liabilities — (6,784 ) 17,381 7,942 659 19,198 ₹ 99,467 ₹ (32,431 ) ₹ 15,379 ₹ 7,942 ₹ 6,883 ₹ 97,240 Non-cash changes April 1, 2020 Cash flow Net additions Foreign March 31, Borrowings ₹ 77,647 ₹ 6,212 ₹ — ₹ (657 ) ₹ 83,202 Bank overdrafts 395 (265 ) — — 130 Lease Liabilities 19,198 (8,660 ) 10,404 24 0 21,182 ₹ 97,240 ₹ (2,713 ) ₹ 10,404 ₹ (41 7 ) ₹ 104,514 Significant portion of loans, borrowings and bank overdrafts bear floating rates of interest, referenced to country specific official benchmark interest rates and a spread, determined based on market conditions. 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, 2020 and 2021, the Company has met all the covenants under these arrangements. Interest expense on loans, borrowings and bank overdrafts was ₹ ₹ ₹ |
Trade payables and accrued expe
Trade payables and accrued expenses | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Trade payables and accrued expenses | 15. Trade payables and accrued expenses As at March 31, 2020 2021 Trade payables ₹ 27,053 ₹ 23,232 Accrued expenses 51,076 55,638 ₹ 78,129 ₹ 78,870 |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Mar. 31, 2021 | |
Disclosure Of Detailed Information About Other Financial Liabilities [Abstract] | |
Other Financial Liabilities | 16. Other financial liabilities As at March 31, 2020 2021 Non-current Cash Settled ADS RSUs (Refer to Note 30) ₹ 146 ₹ 7 Contingent consideration (Refer to Note 7) — 2,158 Advance from customers — 123 Deposits and others 5 3 ₹ 151 ₹ 2,291 Current Cash Settled ADS RSUs (Refer to Note 30) ₹ 350 ₹ 24 Contingent consideration (Refer to Note 7) — 135 Advance from customers — 496 Deposits and others 549 815 ₹ 899 ₹ 1,470 ₹ 1,050 ₹ 3,761 |
Other liabilities
Other liabilities | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Other liabilities | 17. Other liabilities As at March 31, 2020 2021 Non-current Employee benefits obligations ₹ 3,767 ₹ 3,055 Others 3,770 4,780 ₹ 7,537 ₹ 7,835 Current Statutory and other liabilities ₹ 4,919 ₹ 9,266 Employee benefits obligations 12,356 14,401 Advance from customers 1,464 362 Others 515 523 ₹ 19,254 ₹ 24,552 ₹ 26,791 ₹ 32,387 |
Provisions
Provisions | 12 Months Ended |
Mar. 31, 2021 | |
Provisions [abstract] | |
Provisions | 18. Provisions As at March 31, 2020 2021 Non-current Provision for warranty ₹ 2 ₹ 2 ₹ 2 ₹ 2 Current Provision for warranty ₹ 317 ₹ 213 Others 295 463 ₹ 612 ₹ 676 ₹ 614 ₹ 678 A summary of activity in provision for warranty and other provisions is as follows: Year ended March 31, 2020 Year ended March 31, 2021 Provision for Others Total Provision for Others Total Balance at the beginning of the year ₹ 277 ₹ 363 ₹ 640 ₹ 319 ₹ 295 ₹ 614 Additional provision during the year 360 98 458 245 270 515 Utilized/wri t (318 ) (166 ) (484 ) (349 ) (102 ) (451 ) Balance at the end of the year ₹ 319 ₹ 295 ₹ 614 ₹ 215 ₹ 463 ₹ 678 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 compliance related contingencies. The timing of cash outflows in respect of such provision cannot be reasonably determined. |
Financial instruments
Financial instruments | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Financial instruments | 19. Financial instruments Financial assets and liabilities (carrying value / fair value) As at March 31, 2020 2021 Assets: Cash and cash equivalents ₹ 144,499 ₹ 169,793 Investments Financial instruments at FVTPL 14,795 23,502 Financial instruments at FVTOCI 164,884 141,954 Financial instruments at Amortized cost 19,258 20,827 Other financial assets Trade receivables 110,523 98,656 Unbilled receivables 25,209 27,124 Other assets 14,495 13,333 Derivative assets 3,025 4,080 ₹ 496,688 ₹ 499,269 Liabilities: Trade payables and other payables Trade payables and accrued expenses ₹ 78,129 ₹ 78,870 Lease liabilities 19,198 21,182 Other liabilities 1,050 3,761 Loans, borrowings and bank overdrafts 78,042 83,332 Derivative liabilities 7,369 1,070 ₹ 183,788 ₹ 188,215 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, 2020 ₹ 157,304 ₹ (7,077) ₹ 150,227 As at March 31, 2021 ₹ 146,709 ₹ (7,596) ₹ 139,113 Financial liabilities Gross amounts of Gross amounts of Net amounts of As at March 31, 2020 ₹ 86,256 ₹ (7,077) ₹ 79,179 As at March 31, 2021 ₹ 90,227 ₹ (7,596) ₹ 82,631 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, eligible current and non-current assets, loans, borrowings and bank overdrafts, trade payables and accrued expenses, and eligible current liabilities and non-current liabilities. The fair value of cash and cash equivalents, trade receivables, unbilled receivables, loans, borrowings and bank overdrafts, trade payables and accrued expenses, 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 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, 2020 and 2021, 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 hierarchy of assets and liabilities measured at fair value on a recurring basis: Particular As at March 31, 2020 As at March 31, 2021 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 ₹ 1,382 ₹ — ₹ 1,382 ₹ — ₹ 2,998 ₹ — ₹ 2,998 ₹ — Others 1,643 — 1,643 — 1,082 — 1,082 — Investments: Investment in liquid and short-term mutual funds 14,795 14,795 — — 23,502 23,502 — — Investment in equity instruments 9,297 — 119 9,178 10,572 26 319 10,227 Commercial paper, Certificate of deposits and bonds 155,587 12,983 142,604 — 131,382 2,217 129,165 — Liabilities Derivative instruments: Cash flow hedges ₹ (4,057 ) ₹ — ₹ (4,057 ) ₹ — ₹ (816 ) ₹ — ₹ (816 ) ₹ — Others (3,312 ) — (3,312 ) — (254 ) — (254 ) — Contingent consideration (Refer to Note 7) — — — — (2,293 ) — — (2,293 ) 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: The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table. Investment in equity instruments: Details of assets and liabilities considered under Level 3 classification As at March 31, Investment in equity instruments 2020 2021 Balance at the beginning of the year ₹ 6,668 ₹ 9,178 Additions 2,124 1,575 Disposals (1,327 ) (1,256 ) Transfers out of level 3 — (27 ) Gain/(loss) recognized in foreign currency translation reserve 855 (252 ) Gain recognized in other comprehensive income 858 1,009 Balance at the end of the year ₹ 9,178 ₹ 10,227 As at March 31, Contingent consideration 2020 2021 Balance at the beginning of the year ₹ — ₹ — Additions (Refer to Note 7) — (2,293 ) Finance expense recognized in statement of income — (25 ) Gain/(loss) recognized in foreign currency translation reserve — 25 Balance at the end of the year ₹ — ₹ (2,293 ) During the year ended March 31, 2021, as a result of M&A transactions, the Company sold its shares in CloudGenix and Emailage Corp at a fair value of ₹ ₹ Description of significant unobservable inputs to valuation: As at March 31, 2020 Items Valuation technique Significant unobservable input Input Movement by Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 3.0 % 0.5 % 298 (273 ) investments cash flow model Discount rate 11.6 % 0.5 % (388 ) 404 As at March 31, 2021 Items Valuation technique Significant unobservable input Input Movement by Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 3.0 % 0.5 % 304 (295 ) investments cash flow model Discount rate 10.9 % 0.5 % (393 ) 395 As at March 31, 2020 and 2021, 0.5 percentage point increase/(decrease) in the unobservable inputs used in fair valuation of other Level 3 assets does not have a significant impact in its 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 by the counterparty as non-material. The following table presents the aggregate contracted principal amounts of the Company’s derivative contracts outstanding: (in million) As at March 31, 2020 2021 Notional Fair value Notional Fair value Designated derivative instruments Sell: Forward contracts USD 1,011 ₹ (2,902 ) USD 1,577 ₹ 2,293 € 121 ₹ 231 € 109 ₹ 114 £ 52 ₹ 240 £ 96 ₹ (254 ) AUD 144 ₹ 741 AUD 103 ₹ (246 ) Range forward option contracts USD 474 ₹ (1,057 ) USD 138 ₹ 385 € 39 ₹ 85 € 20 ₹ 24 £ 98 ₹ (13 ) £ 55 ₹ (116 ) AUD — ₹ — AUD 34 ₹ (18 ) Non-designated derivative instruments Sell: Forward contracts * USD 1,314 ₹ (3,116 ) USD 1,638 ₹ 480 € 59 ₹ 34 € 99 ₹ 202 £ 81 ₹ 112 £ 104 ₹ 98 AUD 56 ₹ 115 AUD 29 ₹ 11 SGD 7 ₹ 8 SGD 9 ₹ 5 ZAR 17 ₹ 1 ZAR 22 ₹ (1 ) CAD 51 ₹ 153 CAD 30 ₹ 3 SAR 60 ₹ (1 ) SAR 137 ₹ (1 ) PLN 34 ₹ 13 PLN 8 ₹ 2 CHF 7 ₹ 4 CHF 10 ₹ 13 QAR 19 ₹ (8 ) QAR 15 ₹ (6 ) TRY 30 ₹ 31 TRY 47 ₹ 42 NOK 19 ₹ 16 NOK 4 ₹ ^ OMR 2 ₹ 1 OMR 2 ₹ (1 ) SEK 13 ₹ 4 SEK 42 ₹ 10 MYR 20 ₹ 1 MYR — ₹ — JPY 325 ₹ ^ JPY 370 ₹ 6 Buy: Forward contracts USD 480 ₹ 972 USD — ₹ — MXN 11 ₹ (9 ) MXN — ₹ — SEK — ₹ — SEK 37 ₹ (15 ) DKK 9 ₹ ^ DKK 45 ₹ (12 ) CHF — ₹ — CHF 2 ₹ (6 ) RMB — ₹ — RMB 30 ₹ (2 ) AED — ₹ — AED 9 ₹ ^ ₹ (4,344 ) ₹ 3,010 * USD 1,314 and USD 1,638 includes USD/PHP sell forward of USD 176 and USD 244 as at March 31, 2020 and 2021, respectively. ^ Value is less than ₹ Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items. 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, 2020 2021 Balance as at the beginning of the year ₹ 3,019 ₹ (2,876 ) Deferred cancellation gain/ (loss), net (201 ) — Changes in fair value of effective portion of derivatives (2,312 ) 4,753 Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions * (3,382 ) 305 Gain/(loss) on cash flow hedging derivatives, net ₹ (5,895 ) ₹ 5,058 Balance as at the end of the year (2,876 ) 2,182 Deferred tax thereon 561 (452 ) Balance as at the end of the year, net of deferred tax ₹ (2,315 ) ₹ 1,730 * Includes net (gain)/loss reclassified to revenue of ₹ ₹ ₹ ₹ The related hedge transactions for balance in cash flow hedging reserves as at March 31, 2021 are expected to occur and be reclassified to the consolidated statement of income over a period of two years. As at March 31, 2020 and 2021 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 (financial 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, 2019, 2020 and 2021 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 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 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 also designates foreign currency borrowings as hedge against respective net investments in foreign operations. As at March 31, 2021, a ₹ ₹ ₹ ₹ ₹ ₹ ₹ ₹ The below table presents foreign currency risk from non-derivative financial instruments as at March 31, 2020 and 2021: As at March 31, 2020 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 42,329 ₹ 8,860 ₹ 7,735 ₹ 3,044 ₹ 1,388 ₹ 4,522 ₹ 67,878 Unbilled receivables 11,127 1,030 2,221 784 291 1,126 16,579 Contract assets 5,517 1,559 2,850 654 146 790 11,516 Cash and cash equivalents 13,481 3,978 1,697 586 1,292 1,733 22,767 Other assets 49,835 4,314 3,283 413 1,447 1,805 61,097 Loans, borrowings and bank overdrafts (36,578 ) — — — — — (36,578 ) Lease Liabilities (3,393 ) (2,606 ) (373 ) (214 ) (16 ) (1,412 ) (8,014 ) Trade payables, accrued expenses and other liabilities (27,457 ) (3,419 ) (3,718 ) (1,228 ) (605 ) (3,087 ) (39,514 ) Net assets/ (liabilities) ₹ 54,861 ₹ 13,716 ₹ 13,695 ₹ 4,039 ₹ 3,943 ₹ 5,477 ₹ 95,731 As at March 31, 2021 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 33,421 ₹ 9,094 ₹ 9,334 ₹ 4,101 ₹ 1,436 ₹ 4,196 ₹ 61,582 Unbilled receivables 9,255 1,681 1,740 803 283 821 14,583 Contract assets 5,111 1,121 2,755 838 102 536 10,463 Cash and cash equivalents 11,838 1,385 2,052 765 1,876 2,728 20,644 Other assets 73,212 3,981 9,116 2 891 3,479 90,681 Lease Liabilities (3,800 ) (2,684 ) (1,575 ) (202 ) (117 ) (1,548 ) (9,926 ) Trade payables, accrued expenses and other liabilities (23,187 ) (3,569 ) (4,370 ) (1,415 ) (350 ) (2,622 ) (35,513 ) Net assets/ (liabilities) ₹ 105,850 ₹ 11,009 ₹ 19,052 ₹ 4,892 ₹ 4,121 ₹ 7,590 ₹ 152,514 # Other currencies reflect currencies such as Japanese Yen, Swiss Franc, Saudi Riyal etc. As at March 31, 2020 and 2021, respectively, every 1% increase/decrease in 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. From time to time, 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 as on March 31, 2021, 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 credit rating and financial reliability of customers, considering the financial condition, current economic trends, forward looking macroeconomic information, 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, 2020 and 2021, or revenues for the year ended March 31, 2019, 2020 and 2021. 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 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 based on the expected cash flows. As at March 31, 2021, 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, 2020 Carrying Less than 1 1-2 years 2-4 years Beyond 4 Total Loans, borrowings and bank overdrafts * ₹ 78,042 ₹ 74,663 ₹ 4,761 ₹ 119 ₹ — ₹ 79,543 Lease Liabilities * 19,198 7,322 6,128 5,425 2,192 21,067 Trade payables and accrued expenses 78,129 78,129 — — — 78,129 Derivative liabilities 7,369 7,231 90 48 — 7,369 Other liabilities 1,050 899 88 63 — 1,050 As at March 31, 2021 Carrying Less than 1 1-2 years 2-4 years Beyond 4 Total Loans, borrowings and bank overdrafts * ₹ 83,332 ₹ 77,609 ₹ 166 ₹ 7,441 ₹ — ₹ 85,216 Lease Liabilities * 21,182 8,398 6,317 6,017 2,091 22,823 Trade payables and accrued expenses 78,870 78,870 — — — 78,870 Derivative liabilities 1,070 1,070 — — — 1,070 Other liabilities 3,761 1,473 1,330 1,077 — 3,880 * Includes future cash outflow towards estimated interest on borrowings and lease liabilities The balanced view of liquidity and financial indebtedness is stated in the table below. The management for external communication with investors, analysts and rating agencies uses this calculation of the net cash position: As at March 31, 2020 2021 Cash and cash equivalents ₹ 144,499 ₹ 169,793 Investments 189,635 175,707 Loans, borrowings and bank overdrafts (78,042 ) (83,332 ) ₹ 256,092 ₹ 262,168 |
Foreign currency translation re
Foreign currency translation reserve and Other reserves | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Foreign currency translation reserve and Other reserves | 20. Foreign currency translation reserve and Other reserves The movement in foreign currency translation reserve attributable to equity holders of the Company is summarized below: As at March 31, 2020 2021 Balance at the beginning of the year ₹ 15,250 ₹ 23,539 Translation difference related to foreign operations, net 8,289 (603 ) Balance at the end of the year ₹ 23,539 ₹ 22,936 The movement in other reserve is summarized below: Other Reserves Particulars Remeasurements Investment in measured at fair Investment in measured at fair Capital As at April 1, 2018 ₹ (305 ) ₹ 1,182 ₹ (98 ) ₹ 768 Other comprehensive income 235 (18 ) (464 ) — Bonus issue of equity shares — — — (767 ) As at March 31, 2019 ₹ (70 ) ₹ 1,164 ₹ (562 ) ₹ 1 As at April 1, 2019 ₹ (70 ) ₹ 1,164 ₹ (562 ) ₹ 1 Other comprehensive income (1,050 ) 1,222 724 — Buyback of equity shares — — — 646 As at March 31, 2020 ₹ (1,120 ) ₹ 2,386 ₹ 162 ₹ 647 As at April 1, 2020 ₹ (1,120 ) ₹ 2,386 ₹ 162 ₹ 647 Other comprehensive income 223 1,851 1,216 — Buyback of equity shares — — — 475 As at March 31, 2021 ₹ (897 ) ₹ 4,237 ₹ 1,378 ₹ 1,122 |
Income taxes
Income taxes | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Income taxes | 21. Income taxes Year ended March 31, 2019 2020 2021 Income tax expense as per the consolidated statement of income ₹ 25,242 ₹ 24,799 ₹ 30,345 Income tax included in other comprehensive income on: Unrealized gains/(losses) on investment securities (65 ) (230 ) 226 Gains/(losses) on cash flow hedging derivatives 633 (1,165 ) 1,013 Remeasurements of the defined benefit plans 47 (196 ) 111 ₹ 25,857 ₹ 23,208 ₹ 31,695 Income tax expense consist of the following Year ended March 31, 2019 2020 2021 Current taxes Domestic ₹ 17,987 ₹ 18,437 ₹ 19,773 Foreign 5,663 5,887 6,292 23,650 24,324 26,065 Deferred taxes Domestic (180 ) 1,624 3,982 Foreign 1,772 (1,149 ) 298 1,592 475 4,280 ₹ 25,242 ₹ 24,799 ₹ 30,345 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, 2019 2020 2021 Profit before taxes ₹ 115,415 ₹ 122,512 ₹ 139,007 Enacted income tax rate in India 34.94 % 34.94 % 34.94 % Computed expected tax expense 40,326 42,806 48,569 Effect of: Income exempt from tax (18,469 ) (12,930 ) (12,697 ) Basis differences that will reverse during a tax holiday period (796 ) 480 (2,268 ) Income taxed at higher/ (lower) rates (1,002 ) (3,122 ) (2,381 ) Taxes related to income of prior years (2,267 ) (116 ) (3,861 ) Changes in unrecognized deferred tax assets 3,972 (3,898 ) 1,096 Expenses disallowed for tax purpose 3,503 1,785 1,879 Others, net (25 ) (206 ) 8 Income tax expense ₹ 25,242 ₹ 24,799 ₹ 30,345 Effective income tax rate 21.87 % 20.24 % 21.83 % As at March 31, 2020 2021 Carry forward losses * ₹ 2,044 ₹ 1,637 Trade payables, accrued expenses and other liabilities 4,994 5,115 Allowances for lifetime expected credit loss 3,921 3,208 Minimum alternate tax 3,425 — Cash flow hedges 561 — Contract asset — 91 Others — 90 14,945 10,141 Property, plant and equipment (686 ) (1,268 ) Amortizable goodwill (2,166 ) (2,065 ) Intangible assets (1,541 ) (1,249 ) Interest income and fair value movement of investments (626 ) (1,582 ) Cash flow hedges — (452 ) Contract liabilities (11 ) — SEZ Re-investment Reserve (6,614 ) (6,494 ) Others (121 ) — (11,765 ) (13,110 ) Net deferred tax assets ₹ 3,180 ₹ (2,969 ) Amounts presented in consolidated statement of financial position: Deferred tax assets ₹ 6,005 ₹ 1,664 Deferred tax liabilities ₹ (2,825 ) ₹ (4,633 ) * 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 March 31, 2019 As Credit/(charge) in Credit/(charge) in Others 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 income and fair value movement of investments (1,712 ) 186 71 — (1,455 ) Cash flow hedges 29 — (633 ) — (604 ) Contract liabilities (273 ) (1 ) (15 ) — (289 ) SEZ Re-investment Reserve — (1,132 ) — — (1,132 ) Others (403 ) 693 27 1 318 Total ₹ 3,849 ₹ (1,592 ) ₹ (616 ) ₹ 546 ₹ 2,187 Movement during the year ended March 31, 2020 As at April 1, Credit/(charge) in Credit/(charge) in On account As at March 31, Carry forward losses ₹ 3,149 ₹ (1,287 ) ₹ 182 ₹ — ₹ 2,044 Trade payables, accrued expenses and other liabilities 3,713 1,033 248 — 4,994 Allowances for lifetime expected credit loss 4,521 (591 ) (9 ) — 3,921 Minimum alternate tax — 3,425 — — 3,425 Property, plant and equipment (1,840 ) 1,150 4 — (686 ) Amortizable goodwill (1,899 ) (92 ) (175 ) — (2,166 ) Intangible assets (2,295 ) 1,021 (90 ) (177 ) (1,541 ) Interest income and fair value movement of investments (1,455 ) 599 230 — (626 ) Cash flow hedges (604 ) — 1,165 — 561 Contract liabilities (289 ) 285 (7 ) — (11 ) SEZ Re-investment Reserve (1,132 ) (5,482 ) — — (6,614 ) Others 318 (536 ) 97 — (121 ) Total ₹ 2,187 ₹ (475 ) ₹ 1,645 ₹ (177 ) ₹ 3,180 Movement during the year ended March 31, 2021 As at April 1, Credit/(charge) in Credit/(charge) in Others As at March 31, Carry forward losses ₹ 2,044 ₹ (230 ) ₹ (22 ) ₹ (155 ) ₹ 1,637 Trade payables, accrued expenses and other liabilities 4,994 279 (171 ) 13 5,115 Allowances for lifetime expected credit loss 3,921 (734 ) 21 — 3,208 Minimum alternate tax 3,425 (3,425 ) — — — Property, plant and equipment (686 ) (649 ) 66 1 (1,268 ) Amortizable goodwill (2,166 ) 34 67 — (2,065 ) Intangible assets (1,541 ) 759 (55 ) (412 ) (1,249 ) Interest income and fair value movement of investments (626 ) (730 ) (226 ) — (1,582 ) Cash flow hedges 561 — (1,013 ) — (452 ) Contract asset / (Contract liabilities) (11 ) 101 4 (3 ) 91 SEZ Re-investment Reserve (6,614 ) 120 — — (6,494 ) Others (121 ) 195 16 — 90 Total ₹ 3,180 ₹ (4,280 ) ₹ (1,313 ) ₹ (556 ) ₹ (2,969 ) * Includes impact of foreign currency translation. Deferred taxes on unrealized foreign exchange gain / loss relating to cash flow hedges, fair value movements in investments and remeasurements of the 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 calculates its tax liability for 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 against future tax liabilities computed under normal tax provisions. Deferred tax asset relating to MAT payment of ₹ ₹ 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 in designated 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 2034-35. The impact of tax holidays has resulted in a decrease of current tax expense of ₹ ₹ ₹ ₹ ₹ ₹ 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, 2021 | |
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Dividends, Bonus and Buyback of equity shares | 22. 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, 2019, the bonus issue in the proportion of 1:3 i.e.1 (One) bonus equity share of ₹ ₹ ₹ During the year ended March 31, 2020, the Company concluded the buyback of 323,076,923 equity shares as approved by the Board of Directors on April 16, 2019. This has resulted in a total cash outflow of ₹ ₹ ₹ ₹ During the year ended March 31, 2021, the Company concluded the buyback of 237,500,000 equity shares as approved by the Board of Directors on October 13, 2020. This has resulted in a total cash outflow of ₹ ₹ ₹ ₹ ₹ ₹ |
Additional capital disclosures
Additional capital disclosures | 12 Months Ended |
Mar. 31, 2021 | |
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Additional capital disclosures | 23. 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’s focus is to keep 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, 2020 and 2021 was as follows: As at March 31, 2020 2021 % Change Equity attributable to the equity shareholders of the Company ₹ 557,458 ₹ 553,095 -0.78 % As percentage of total capital 85 % 84 % Current loans, borrowings and bank overdrafts 73,202 75,874 Long-term loans and borrowings 4,840 7,458 Lease liabilities 19,198 21,182 Total loans, borrowings and bank overdrafts and lease liabilities ₹ 97,240 ₹ 104,514 7.48 % As percentage of total capital 15 % 16 % Total capital ₹ 654,698 ₹ 657,609 0.44 % Loans and borrowings represent 15 % and 16% of total capital as at March 31, 2020 and 2021, respectively. The Company is not subjected to any externally imposed capital requirements. |
Revenue
Revenue | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Revenue | 24. Revenue A. Contract Assets 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 presents such receivables as part of unbilled receivables at their net estimated realizable value. The same is tested for impairment as per the guidance in IFRS 9 using expected credit loss method. 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 contract liabilities 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 customers 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, 2020 and 2021, the aggregate amount of transaction price allocated to remaining performance obligations, other than those meeting the exclusion criteria above, were ₹ ₹ ₹ 384,881 59 C. Disaggregation of Revenues The tables below present disaggregated revenues from contracts with customers by business segment (refer to Note 34 “Segment Information”), sector 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. Information on disaggregation of revenues for the year ended March 31, 2019 is as follows: IT Services Americas 1 Americas 2 Europe APMEA Total IT Products ISRE Total A. Revenue Rendering of services ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ — ₹ 7,932 ₹ 571,365 Sale of products — — — — — 14,480 — 14,480 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 B. Revenue by sector Banking, Financial Services and Insurance ₹ 1,874 ₹ 98,130 ₹ 55,180 ₹ 18,332 ₹ 173,516 Health 60,162 88 9,968 3,786 74,004 Consumer 59,991 1,686 15,878 11,244 88,799 Communications 6,995 612 7,619 17,272 32,498 Energy, Natural Resources and Utilities 601 24,234 28,521 18,996 72,352 Manufacturing 387 21,980 19,869 3,920 46,156 Technology 33,552 20,462 19,137 2,957 76,108 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 C. Revenue by nature of contract Fixed price and volume based ₹ 94,787 ₹ 98,496 ₹ 100,023 ₹ 50,600 ₹ 343,906 ₹ — ₹ 6,142 ₹ 350,048 Time and materials 68,775 68,696 56,149 25,907 219,527 — 1,790 221,317 Products — — — — — 14,480 — 14,480 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 Information on disaggregation of revenues for the year ended March 31, 2020 is as follows: IT Services IT Products ISRE Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ — ₹ 7,950 ₹ 598,550 Sale of products — — — — — 11,682 — 11,682 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,151 ₹ 106,694 ₹ 53,869 ₹ 20,659 ₹ 183,373 Health 63,435 105 10,090 4,167 77,797 Consumer 67,980 2,054 16,030 10,448 96,512 Communications 8,061 1,048 7,753 16,794 33,656 Energy, Natural Resources and Utilities 418 26,024 29,854 19,661 75,957 Manufacturing 349 23,548 20,324 3,639 47,860 Technology 32,924 20,931 18,678 2,912 75,445 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 C. Revenue by nature of contract Fixed price and volume based ₹ 96,876 ₹ 108,665 ₹ 104,165 ₹ 53,220 ₹ 362,926 ₹ — ₹ 6,404 ₹ 369,330 Time and materials 78,442 71,739 52,433 25,060 227,674 — 1,546 229,220 Products — — — — — 11,682 — 11,682 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 Information on disaggregation of revenues for the year ended March 31, 2021 is as follows: IT Services IT Products ISRE Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ — ₹ 8,912 ₹ 611,767 Sale of products — — — — — 7,663 — 7,663 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,609 ₹ 103,040 ₹ 56,275 ₹ 23,228 ₹ 185,152 Health 64,397 18 12,390 4,789 81,594 Consumer 68,258 2,306 17,731 10,544 98,839 Communications 6,252 1,112 8,247 15,512 31,123 Energy, Natural Resources and Utilities 426 27,405 31,271 19,717 78,819 Manufacturing 265 23,350 22,339 3,024 48,978 Technology 35,180 21,689 16,245 5,236 78,350 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 C. Revenue by nature of contract Fixed price and volume based ₹ 98,868 ₹ 110,143 ₹ 108,591 ₹ 54,519 ₹ 372,121 ₹ — ₹ 7,166 ₹ 379,287 Time and materials 78,519 68,777 55,907 27,531 230,734 — 1,746 232,480 Products — — — — — 7,663 — 7,663 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 |
Expenses by nature
Expenses by nature | 12 Months Ended |
Mar. 31, 2021 | |
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Expenses by nature | 25. Expenses by nature Year ended March 31, 2019 2020 2021 Employee compensation ₹ 299,774 ₹ 326,571 ₹ 332,371 Sub-contracting/ technical fees 94,725 90,521 83,609 Cost of hardware and software 13,567 11,491 7,684 Travel 17,768 18,169 5,258 Facility expenses 22,213 19,733 20,255 Depreciation, amortization and impairment* 19,474 20,862 27,656 Communication 4,561 4,812 6,069 Legal and professional fees 4,361 4,733 5,561 Rates, taxes and insurance 1,621 3,004 3,475 Marketing and brand building 2,714 2,532 1,011 Lifetime expected credit loss 980 1,043 1,506 Miscellaneous expenses** 11,736 5,344 4,836 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 493,494 ₹ 508,815 ₹ 499,291 * Depreciation, amortization, and impairment includes impairment charge on certain software platforms, capital work-in-progress, property, plant and equipment and intangible assets amounting to ₹ ₹ ** Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ ₹ |
Other operating income_(loss),
Other operating income/(loss), net | 12 Months Ended |
Mar. 31, 2021 | |
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Other operating income/(loss), net | 26. Other operating income/(loss), net Year ended March 31, 2019 Sale of hosted data center services business: The calculation of the gain on sale is shown below: Particulars Total Cash consideration (net of disposal costs of ₹ ₹ 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 was ₹ ₹ ₹ ₹ ₹ Loss of control in subsidiary: Sale of Workday business and Cornerstone OnDemand business: The calculation of the gain is as shown below: Particulars Total Cash consideration ₹ 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, and Sweden were concluded during the year ended March 31, 2020. These disposal groups do not constitute a major component of the Company and hence were not classified as discontinued operations. Year ended March 31, 2020 During the year ended March 31, 2020, the Company concluded the sale of assets pertaining to Workday business and Cornerstone OnDemand business in Portugal, France, and Sweden. A gain of ₹ The Company has partially met the first year and second year business targets pertaining to the sale of its hosted data center business concluded during the year ended March 31, 2019. Change in fair value of the callable units pertaining to achievement of the business targets amounting to ₹ Year ended March 31, 2021 The Company has partially met the first and second-year business targets pertaining to the sale of its hosted data center business concluded during the year ended March 31, 2019. Change in fair value of the callable units pertaining to achievement of cumulative business targets amounting to ₹ |
Finance expenses
Finance expenses | 12 Months Ended |
Mar. 31, 2021 | |
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Finance expenses | 27. Finance expenses Year ended March 31, 2019 2020 2021 Interest expense ₹ 5,616 ₹ 5,136 ₹ 4,298 Exchange fluctuation on foreign currency borrowings, net 1,759 2,192 790 ₹ 7,375 ₹ 7,328 ₹ 5,088 |
Finance and other income and Fo
Finance and other income and Foreign exchange gains/(losses), net | 12 Months Ended |
Mar. 31, 2021 | |
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Finance and other income and Foreign exchange gains/(losses), net | 28. Finance and other income and Foreign exchange gains/(losses), net Year ended March 31, 2019 2020 2021 Interest income ₹ 20,261 ₹ 21,764 ₹ 18,442 Dividend income 361 367 4 Net gain from investments classified as FVTPL 1,990 1,275 1,478 Net gain from investments classified as FVTOCI 311 675 988 Finance and other income ₹ 22,923 ₹ 24,081 ₹ 20,912 Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL 1,251 2,144 4,383 Other foreign exchange gains/(losses), net 1,964 1,025 (1,388 ) Foreign exchange gains/(losses), net ₹ 3,215 ₹ 3,169 ₹ 2,995 ₹ 26,138 ₹ 27,250 ₹ 23,907 |
Earnings per equity share
Earnings per equity share | 12 Months Ended |
Mar. 31, 2021 | |
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Earnings per equity share | 29. 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, 2019 2020 2021 Profit attributable to equity holders of the Company ₹ 90,031 ₹ 97,218 ₹ 107,946 Weighted average number of equity shares outstanding 6,007,376,837 5,833,384,018 5,649,265,885 Basic earnings per share ₹ 14.99 ₹ 16.67 ₹ 19.11 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, 2019 2020 2021 Profit attributable to equity holders of the Company ₹ 90,031 ₹ 97,218 ₹ 107,946 Weighted average number of equity shares outstanding 6,007,376,837 5,833,384,018 5,649,265,885 Effect of dilutive equivalent share options 14,927,530 14,439,221 12,391,937 Weighted average number of equity shares for diluted earnings per share 6,022,304,367 5,847,823,239 5,661,657,822 Diluted earnings per share ₹ 14.95 ₹ 16.62 ₹ 19.07 |
Employee stock incentive plans
Employee stock incentive plans | 12 Months Ended |
Mar. 31, 2021 | |
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Employee stock incentive plans | 30. Employee stock incentive plans The stock compensation expense recognized for employee services received during the year ended March 31, 2019, 2020 and 2021, 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 27,353,853, 22,746,081 and 19,401,215 treasury shares as at March 31, 2019, 2020 and 2021, 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 Range of exercise 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 Employees covered under Stock Option Plans and Restricted Stock Unit ( “RSU” Stock Option Plans * The maximum contractual term for these Stock Option Plans and RSU 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 activity in equity-settled stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2019 2020 2021 Range of exercise Numbers of options Outstanding at the beginning of the year ₹ 2 13,543,997 17,607,463 15,594,190 US $ 0.03 10,199,054 14,446,790 7,854,540 Bonus on outstanding (Refer to Note 22) ₹ 2 4,773,755 — — US $ 0.03 3,957,434 — — Granted * ₹ 2 4,607,000 5,662,500 6,275,290 US $ 0.03 4,849,000 5,341,000 5,033,648 Exercised ₹ 2 (2,739,097 ) (4,610,572 ) (3,356,199 ) US $ 0.03 (1,541,803 ) (2,496,125 ) (3,269,832 ) Modification** ₹ 2 — — — US $ 0.03 — (5,681,966 ) 3,453,015 Forfeited and expired ₹ 2 (2,578,192 ) (3,065,201 ) (2,681,333 ) US $ 0.03 (3,016,895 ) (3,755,159 ) (2,248,895 ) Outstanding at the end of the year ₹ 2 17,607,463 15,594,190 15,831,948 US $ 0.03 14,446,790 7,854,540 10,822,476 Exercisable at the end of the year ₹ 2 1,300,781 1,502,957 2,679,538 US $ 0.03 948,877 1,212,560 465,603 * Includes 1,567,000, 2,461,500 and 2,969,860 Performance based stock options (RSU) during the year ended March 31, 2019, 2020 and 2021, respectively. 1,673,000, 2,524,600 and 2,376,980 Performance based stock options (ADS) during the year ended March 31, 2019, 2020 and 2021, 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). The activity in cash-settled stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2020 2021 Number of options Outstanding at the beginning of the year — 4,721,388 Modification** 5,681,966 (3,453,015 ) Exercised (429,909 ) (845,066 ) Forfeited and lapsed (530,669 ) (345,108 ) Outstanding at the end of the year 4,721,388 78,199 Exercisable at the end of the year 63,999 23,999 The carrying value of liability towards Cash Settled RSU’s outstanding was ₹ ₹ ₹ ₹ ** Restricted Stock Units arrangements that were modified during the year ended March 31, 2020 Pursuant to the Securities Exchange Board of India (“ SEBI NRIs ₹ ** Restricted Stock Units arrangements that were modified during the year ended March 31, 2021 Pursuant to the SEBI clarification dated December 18, 2020, the restriction under SEBI circular dated October 10, 2019 “Framework of Depository Receipts” shall not apply in case of issue of Depository Receipts to NRIs, pursuant to share based employee benefit schemes which are implemented by a company in terms of SEBI (Share Based Employee Benefits) Regulations 2014, the Board Governance, Nomination and Compensation Committee approved in January 2021, allotment of underlying equity shares in respect of ADSs to be issued and allocated to NRI employees upon exercise of vested ADS RSU under the Company’s WARSUP 2004 Plan. This change was accounted as a modification and the fair value on the date of modification was determined based on prevailing market price and accordingly an amount of ₹ The following table summarizes information about outstanding stock options and restricted stock unit option plan: Year ended March 31, 2019 2020 2021 Range of exercise price and Weighted average exercise price Number of options Weighted Average Number of options Weighted Average Number of options Weighted Average ₹ 17,607,463 24 15,594,190 23 15,831,948 18 US $ 0.03 14,446,790 26 7,854,540 23 10,822,476 19 The weighted-average grant-date fair value of options granted during the year ended March 31, 2019, 2020 and 2021 was ₹ ₹ ₹ ₹ ₹ ₹ |
Employee benefits
Employee benefits | 12 Months Ended |
Mar. 31, 2021 | |
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Employee benefits | 31. Employee benefits a) Employee costs includes Year ended March 31, 2019 2020 2021 Salaries and bonus ₹ 289,005 ₹ 315,036 ₹ 318,043 Employee benefits plans Gratuity and other defined benefit plans 1,459 1,845 2,085 Defined contribution plans 7,372 8,428 9,346 Share-based compensation* 1,938 1,262 2,897 ₹ 299,774 ₹ 326,571 ₹ 332,371 * Includes ₹ The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2019 2020 2021 Cost of revenues ₹ 251,818 ₹ 279,356 ₹ 282,983 Selling and marketing expenses 30,972 30,763 31,236 General and administrative expenses 16,984 16,452 18,152 ₹ 299,774 ₹ 326,571 ₹ 332,371 Defined benefit plan actuarial (gains)/losses recognized in other comprehensive income include: Year ended March 31, 2019 2020 2021 Re-measurement of net defined benefit liability/(asset) Return on plan assets excluding interest income—Loss/(Gain) ₹ (49 ) ₹ 76 ₹ (578 ) Actuarial loss/(gain) arising from financial assumptions 73 749 423 Actuarial loss/(gain) arising from demographic assumptions (40 ) 227 155 Actuarial loss/(gain) arising from experience adjustments (266 ) 194 (334 ) ₹ (282 ) ₹ 1,246 ₹ (334 ) 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, 2019 2020 2021 Current service cost ₹ 1,434 ₹ 1,782 ₹ 2,085 Net interest on net defined benefit liability/(asset) 25 63 131 Net charge to statement of income 1,459 1,845 2,216 Actual return on plan assets ₹ 607 ₹ 513 ₹ 1,127 As at March 31, 2020 2021 Defined benefit obligation at the beginning of the year ₹ 10,485 ₹ 13,465 Acquisitions 229 7 Current service cost 1,782 2,085 Interest on obligation 652 681 Benefits paid (1,123 ) (1,069 ) Remeasurement loss/(gains) Actuarial loss/(gain) arising from financial assumptions 749 423 Actuarial loss/(gain) arising from demographic assumptions 227 155 Actuarial loss/(gain) arising from experience adjustments 194 (334 ) Translation adjustment 270 62 Defined benefit obligation at the end of the year ₹ 13,465 ₹ 15,475 Change in plan assets is summarized below: As at March 31, 2020 2021 Fair value of plan assets at the beginning of the year ₹ 9,443 ₹ 10,535 Acquisitions 58 — Expected return on plan assets 589 550 Employer contributions 383 1,993 Benefits paid (95 ) (76 ) Remeasurement (loss)/gains Return on plan assets excluding interest income—(loss)/gain (76 ) 578 Translation adjustment 233 57 Fair value of plan assets at the end of the year ₹ 10,535 ₹ 13,637 Present value of unfunded obligation ₹ (2,930 ) ₹ (1,838 ) Recognized asset/(liability) ₹ (2,930 ) ₹ (1,838 ) As at March 31, 2020 and 2021, 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 selection made by the trustees among the fund plan available. The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows: As at March 31, 2020 2021 Discount rate 5.05 % 4.69 % Expected return on plan assets 5.05 % 4.69 % Expected rate of salary increase 6.60 % 6.57 % Duration of defined benefit obligations 9 years 9 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, 2022 ₹ 1,787 Estimated benefit payments from the fund for the year ending March 31: 2022 ₹ 1,802 2023 1,417 2024 1,406 2025 1,385 2026 1,361 Thereafter 15,915 Total ₹ 23,286 The expected benefits are based on the same assumptions used to measure the Company’s benefit obligations as at March 31, 2021. Sensitivity for significant actuarial assumptions is computed to show the movement in defined benefit obligation by 1 percentage. As of March 31, 2021, every 1 percentage point increase/ (decrease) in discount rate will result in (decrease)/increase of defined benefit obligation by approximately ₹ ₹ ₹ ₹ As of March 31, 2021, every 1 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, 2020 2021 Fair value of plan assets ₹ 61,397 ₹ 71,196 Present value of defined benefit obligation (61,397 ) (71,196 ) Net (shortfall)/ excess ₹ — ₹ — The plan assets have been invested as per the regulations of Employees’ Provident Fund Organization (EPFO). The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows: As at March 31, 2020 2021 Discount rate for the term of the obligation 6.05 % 5.80 % Average remaining tenure of investment portfolio 7 years 6 years Guaranteed rate of return 8.50 % 8.50 % |
Related party relationship and
Related party relationship and transactions | 12 Months Ended |
Mar. 31, 2021 | |
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Related party relationship and transactions | 32. Related party relationship and transactions List of subsidiaries and associates as at March 31, 2021, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Wipro, LLC USA Wipro Gallagher Solutions, LLC USA Wipro Opus Mortgage Solutions LLC (formerly known as 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 Wipro Appirio, Inc. (formerly known as Appirio, Inc) ** USA Designit North America, Inc. (formerly known as Cooper Software Inc.) USA Infocrossing, LLC USA Wipro US Foundation USA International TechneGroup Incorporated ** USA Wipro Designit Services, Inc. (Formerly known as Rational Interaction, Inc) ** USA Wipro VLSI Design Services, LLC (formerly known as Eximius Design, LLC) 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. 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 Designit Spain Digital, S.L. ** Spain 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 4C NV (formerly known as 4C NV) Belgium Wipro 4C Danmark ApS (formerly known as 4C Danmark ApS) Denmark 4C Nederland B.V Netherlands Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) ** U.K. Wipro 4C Consulting France SAS (formerly known as 4C Consulting France) France Wipro IT Services UK Societas U.K. Wipro Doha LLC # Qatar Wipro Technologies SA DE CV Mexico Wipro Philippines, Inc. Philippines Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary Wipro Information Technology Egypt SAE Egypt Wipro Arabia Co. Limited * Saudi Women’s Business Park Technologies Limited * Saudi 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 Wipro Technologies Nigeria Limited Nigeria Wipro IT Service Ukraine, LLC Ukraine Wipro Information Technology Netherlands BV. Netherlands Wipro Portugal S.A. ** Portugal 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 SAC Peru Wipro do Brasil Servicos de Tecnologia Ltda Brazil Wipro do Brasil Technologia Ltda ** Brazil Wipro Technologies SA Argentina Wipro Technologies SRL Romania PT. WT Indonesia Indonesia Wipro (Thailand) Co. Limited Thailand Wipro Bahrain Limited Co. W.L.L (formerly known as Wipro Bahrain Limited Co. S.P.C.) Bahrain Wipro Gulf LLC Sultanate Rainbow Software LLC Iraq Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Chengdu Limited China Wipro IT Services Bangladesh Limited Bangladesh Wipro HR Services India Private Limited India Encore Theme Technologies Private Limited * India Eximius Design India Private Limited India * All the above direct subsidiaries are 100% held by the Company except that the Company holds 83.4% of the equity securities of Encore Theme Technologies Private Limited, 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. The remaining 16.6% equity securities of Encore Theme Technologies Private Limited will be acquired subject to and after receipt of certain regulatory approvals/confirmations. # 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 and Wipro Foundation in India. ** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit Spain Digital, S.L, HealthPlan Services, Inc, International TechneGroup Incorporated, Wipro Appirio, Inc. (formerly known as Appirio, Inc), Wipro Designit Services, Inc (formerly known as Rational Interaction, Inc) and Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro IT Services Austria GmbH (formerly known as Cellent GmbH) Austria Wipro do Brasil Technologia Ltda Brazil Wipro Do Brasil Sistemetas De Informatica Ltd Brazil Wipro do Brasil Servicos Ltda (formerly known as IVIA Serviços De Informática ltda) Brazil Designit Spain Digital, S.L. Spain Designit Colombia S A S Colombia Designit Peru SAC Peru HealthPlan Services, Inc. USA HealthPlan Services Insurance Agency, LLC USA International TechneGroup Incorporated USA International TechneGroup Ltd. U.K. ITI Proficiency Ltd Israel International TechneGroup S.R.L. Italy MechWorks S.R.L. Italy Wipro Appirio, Inc. (formerly known as Appirio, Inc) USA Appirio, K.K Japan Topcoder, LLC. USA Wipro Appirio (Ireland) Limited (formerly known as Appirio Ltd) Ireland Wipro Appirio UK Limited (formerly known as Appirio Ltd (UK)) U.K. Wipro Designit Services, Inc (formerly known as Rational Interaction, Inc) USA Rational Consulting Australia Pty Ltd Australia Wipro Designit Services Limited (formerly known as Rational Interaction Limited) Ireland Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) U.K. CloudSocius DMCC UAE As at March 31, 2021 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, 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 Rishad A. Premji Chairman Thierry Delaporte Chief Executive Officer and Managing Director (i) Abidali Z. Neemuchwala Chief Executive Officer and Managing Director (ii) Azim H. Premji Non-Executive Non-Independent Director (iii) William Arthur Owens Non-Executive Director M.K. Sharma Non-Executive Director Ireena Vittal Non-Executive Director Dr. Patrick J. Ennis Non-Executive Director Patrick Dupuis Non-Executive Director Arundhati Bhattacharya Non-Executive Director (iv) Deepak M. Satwalekar Non-Executive Director (v) Jatin Pravinchandra Dalal Chief Financial Officer (i) Mr. Thierry Delaporte was appointed as Chief Executive Officer and Managing Director of the Company with effect from July 6, 2020 for a period of five years. (ii) Mr. Abidali Z. Neemuchwala resigned as the Chief Executive Officer and Managing Director of the Company with effect from the end of the day on June 1, 2020. (iii) Mr. Azim H. Premji is the ultimate controlling party. (iv) Ms. Arundhati Bhattacharya resigned as Non- Executive Director with effect from close of business hours on June 30, 2020. (v) Mr. Deepak M. Satwalekar was appointed as Non- Executive Director with effect from July 1, 2020 for a term of five years. Relatives of key management personnel: —Yasmeen A. Premji —Tariq A. Premji The Company has the following related party transactions: Entities controlled by Directors Key Management Transactions / balances 2019 2020 2021 2019 2020 2021 Sale of goods and services ₹ 102 ₹ 43 ₹ 171 ₹ — ₹ — ₹ — Assets purchased 240 741 423 — — — Dividend 3,171 3,987 3,760 191 243 242 Buyback of shares — 69,392 91,562 — 4,076 — Rental income 43 45 50 — — — Rent Paid 8 2 2 5 9 7 Others 63 119 44 — — — Key management personnel Remuneration and short-term benefits ₹ — ₹ — ₹ — ₹ 341 ₹ 354 ₹ 741 Other benefits — — — 173 178 231 Balance as at the year end Receivables ₹ 132 ₹ 94 ₹ 241 ₹ — ₹ — ₹ — Payables 8 23 — 155 166 333 * Post-employment benefits comprising compensated absences is not disclosed, as these are determined for the Company as a whole. Benefits includes the prorated value of RSU granted to the personnel, which vest over a period. Other benefits include share-based compensation ₹ ₹ ₹ All related party transactions were entered at an arm’s length basis and in the ordinary course of business. There are no materially significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel, which may have a potential conflict with the interests of the Company at large. |
Commitments and contingencies
Commitments and contingencies | 12 Months Ended |
Mar. 31, 2021 | |
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Commitments and contingencies | 33. Commitments and contingencies Capital commitments: ₹ ₹ Guarantees: ₹ ₹ Contingencies and lawsuits: The Company’s assessments are completed for the years up to March 31, 2016 in India. The Company has received demands on multiple tax issues in India. These claims are primarily arising out of denial of deduction under section 10A of the Income Tax Act, 1961 in respect of profits earned by the Company’s undertaking in Software Technology Park at Bengaluru, the appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2008 which either has been or may be contested by the Income tax authorities before the Hon’ble Supreme Court of India. Other claims relate to disallowance of tax benefits on profits earned from Software Technology Park and Special Economic Zone units, capitalization of research & development expenses, transfer pricing adjustments on intercompany / inter unit transactions and other issues. Income tax claims against the Company amounting to ₹ ₹ The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounting to ₹ ₹ The Hon’ble Supreme Court of India, through a ruling in February 2019, provided interpretation on the components of Salary on which the Company and its employees are to contribute towards Provident Fund under the Employee’s Provident Fund Act. Based on the current evaluation, the Company believes it is not probable that certain components of Salary paid by the Company will be subject to contribution towards Provident Fund due to the Hon’ble Supreme Court of India order. The Company will continue to monitor and evaluate its position based on future events and developments. |
Segment information
Segment information | 12 Months Ended |
Mar. 31, 2021 | |
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Segment information | 34. Segment information The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (“ ISRE IT Services: SMUs APMEA Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries. Americas 1 LATAM” Americas 2 Europe APMEA The corresponding information for the year ended March 31, 2019 and 2020 have been re-stated to give effect to the above changes. Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers. Prior to the Company’s re-organization of its IT services segment, the IT services segment was organized by seven industry verticals: Banking, Financial Services and Insurance (“ BFSI Health BU CBU ENU MFG TECH COMM Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design. IT Products: ISRE: The Chairman of the Company has been identified as the Chief Operating Decision Maker (“ CODM 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 segments for the year ended March 31, 2019 is as follows: IT Services IT Products ISRE Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 164,321 ₹ 168,264 ₹ 157,165 ₹ 76,907 ₹ 566,657 ₹ 14,480 ₹ 7,932 ₹ (9 ) ₹ 589,060 Other operating income/(loss), net — — — — 4,344 — — — 4,344 Segment Result 23,020 29,612 31,550 9,421 93,603 (1,038 ) (1,892 ) 418 91,091 Unallocated 4,475 — — — 4,475 Segment Result Total ₹ 102,422 ₹ (1,038 ) ₹ (1,892 ) ₹ 418 ₹ 99,910 Finance expense (7,375 ) Finance and other income 22,923 Share of net profit/(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 Information on reportable segments for the year ended March 31, 2020 is as follows: IT Services IT Products ISRE Reconciling Total Americas 1 Americas 2 Europe APMEA Total Items Revenue ₹ 176,115 ₹ 181,481 ₹ 157,526 ₹ 78,676 ₹ 593,798 ₹ 11,657 ₹ 7,950 ₹ (4 ) ₹ 613,401 Other operating income/(loss), net — — — — 1,144 — — — 1,144 Segment Result 27,289 34,341 27,617 9,550 98,797 (323 ) (1,849 ) 229 96,854 Unallocated 7,732 — — — 7,732 Segment Result Total ₹ 107,673 ₹ (323 ) ₹ (1,849 ) ₹ 229 ₹ 105,730 Finance expense (7,328 ) Finance and other income 24,081 Share of net profit/(loss) of associates accounted for using the equity method 29 Profit before tax ₹ 122,512 Income tax expense (24,799 ) Profit for the year ₹ 97,713 Depreciation, amortization and impairment ₹ 20,862 Information on reportable segments for the year ended March 31, 2021 is as follows: IT Services IT Products ISRE Reconciling Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 178,091 ₹ 179,821 ₹ 165,441 ₹ 82,462 ₹ 605,815 ₹ 7,685 ₹ 8,912 ₹ 13 ₹ 622,425 Other operating income/(loss), net — — — — (81 ) — — — (81 ) Segment Result 33,040 41,589 31,673 11,476 117,778 45 1,061 (903 ) 117,981 Unallocated 5,153 — — — 5,153 Segment Result Total ₹ 122,850 ₹ 45 ₹ 1,061 ₹ (903 ) ₹ 123,053 Finance expense (5,088 ) Finance and other income 20,912 Share of net profit/(loss) of associates accounted for using the equity method 130 Profit before tax ₹ 139,007 Income tax expense (30,345 ) Profit for the year ₹ 108,662 Depreciation, amortization and impairment ₹ 27,656 Revenues from India, being Company’s country of domicile, is ₹ ₹ ₹ Revenues from United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below: Year ended March 31, 2019 2020 2021 United States of America ₹ 315,301 ₹ 338,490 ₹ 336,009 United Kingdom 59,568 65,258 67,852 ₹ 374,869 ₹ 403,748 ₹ 403,861 No customer individually accounted for more than 10% of the revenues during the year ended March 31, 2019, 2020 and 2021. 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) Effective beginning of fiscal year ended March 31, 2021, revenue from sale of traded cloud-based licenses is no longer reported in IT Services revenue and finance income on deferred consideration earned under total outsourcing contracts is not included in segment revenue. Further, for evaluating performance of the individual operating segments, stock compensation expense is allocated based on the accelerated amortization as per IFRS 2. Segment information for the year ended March 31, 2019 and 2020 has been re-stated to give effect to these changes. b) “Reconciling items” includes elimination of inter-segment transactions and other corporate activities. c) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues. d) 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). e) During the year ended March 31, 2021, the Company has contributed ₹ f) Other operating income/(loss) of ₹ ₹ ₹ g) Segment results for the year ended March 31, 2021, are after considering the impact of impairment charge of ₹ ₹ ₹ ₹ h) Segment results for Americas 1 for the year ended March 31, 2019, are after considering the impact of impairment charges on certain software platform and intangible assets recognized on acquisitions. Refer to Note 25. i) Segment results for year ended March 31, 2021, are after considering additional amortization of ₹ j) Segment results for Americas 2 for the year ended March 31, 2019, are after considering the impact of ₹ k) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ ₹ ₹ |
Definitive Agreement to Acquire
Definitive Agreement to Acquire the IT Units of Metro AG | 12 Months Ended |
Mar. 31, 2021 | |
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Definitive Agreement to Acquire the IT Units of Metro AG | 35. On December 22, 2020, as part of strategic partnership, the Company entered into a definitive agreement to acquire the IT units of Metro AG in Germany and Romania. Based on the terms and conditions of the agreement, the Company has assessed that the transaction does not meet the definition of business under IFRS 3 “Business Combinations”. As at March 31, 2021, the Company paid an advance of ₹ |
Disclosure Of Detailed Informat
Disclosure Of Detailed Information About Service Arrangements Explanatory | 12 Months Ended |
Mar. 31, 2021 | |
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Disclosure Of Detailed Information About Service Arrangements Explanatory | 36. The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stake holders which are under active consideration by the Ministry. Based on an initial assessment by the Company and its Indian subsidiaries, the additional impact on Provident Fund contributions by the Company and its Indian subsidiaries is not expected to be material, whereas, the likely additional impact on Gratuity liability / contributions by the Company and its Indian subsidiaries could be material. The Company and its Indian subsidiaries will complete their evaluation once the subject rules are notified and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published. |
Events after the reporting peri
Events after the reporting period | 12 Months Ended |
Mar. 31, 2021 | |
Events After The Reporting Period [Abstract] | |
Events after the reporting period | 37. Events after the reporting period a. On April 1, 2021, the Company entered into a definitive agreement to acquire Ampion, an Australia-based provider of cyber security, DevOps and quality engineering services for a total consideration of AUD 150 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded in the quarter ending June 30, 2021. b. In April 2021, the Company completed its acquisition of Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific, and its subsidiaries, for an upfront cash consideration of ₹ c. In May 2021, the Company sold its entire investment in Ensono Holdings, LLC for a consideration of US$ 76.24 million. d. In June 2021, the Company sold its entire investment in Denim Group, Ltd. and Denim Group Management, LLC (“Denim Group”) for a consideration of US$ 22.42 million. e. In June 2021, the Company’s Board has approved a proposal for issuance of U.S. dollar denominated Notes up to US$ 750 million. |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Mar. 31, 2021 | |
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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 recognize investors share of profit or loss of the investee after the acquisition date. Non-current Assets and liabilities of disposal groups that are 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 and liabilities associated with assets held for sale. Non-current |
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 which 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 which include long and short-term loans and borrowings, bank overdrafts, trade payables and accrued expenses, lease liabilities and 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 statement of cash flows, 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: The Company carries certain equity instruments which are not held for trading. At initial recognition, the Company may make an irrevocable election to present subsequent changes in the fair value of an investment in an equity instrument in other comprehensive income (FVTOCI) or through statement of income (FVTPL). For investments designated to be classified as FVTOCI, movements in fair value of investments are recognized in other comprehensive income and the gain or loss is not transferred to consolidated statement of income on disposal of investments. For investments designated to be classified as FVTPL, both movements in fair value of investments and gain or loss on disposal of investments are recognized in the consolidated statement of income. 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 non-current d. Trade payables, accrued expenses, and other liabilities Trade payables, accrued expenses, and other liabilities 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 instruments 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 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 also designates 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 expenses. 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 recognizes a borrowing for the proceeds received. A financial liability (or a part of a financial liability) is derecognized from the Company’s statement of financial position 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 Share premium The authorized share capital of the Company as at March 31, 2021 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 27,353,853, 22,746,081 and 19,401,215 treasury shares as at March 31, 2019, 2020 and 2021, respectively. Treasury shares are recorded at acquisition cost. c) Retained earnings Retained earnings comprises of the Company’s undistributed earnings after taxes. This includes Capital reserve as at March 31, 2019, 2020 and 2021 amounting to ₹ ₹ ₹ d) Special Economic Zone Re-Investment The SEZ Re-Investment Income-tax e) 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 share premium upon exercise of stock options and restricted stock unit options by employees. f) 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. g) 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. h) Other reserves Changes in the fair value of financial instruments measured at fair value through other comprehensive income and actuarial gains and losses on remeasurements of the 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, which is not freely available for distribution. As per the Companies Act, 2013, Capital redemption reserve is created when a company purchases its own shares out of free reserves or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve. The reserve can be utilized in accordance with the provisions of section 69 of the Companies Act, 2013. Capital redemption reserve amounting to ₹ ₹ i) 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. j) Buyback of equity shares The buyback of equity shares and related transaction costs are recorded as a reduction of free reserves. Further, capital redemption reserve is created as an apportionment from retained earnings. k) Bonus Issue For the purpose of bonus issue, the amount is transferred from capital redemption reserves, securities premium and retained earnings to the share capital. |
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 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. 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 equipment 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 and 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 based on 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 of. |
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 is 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 0.75 to 15 years Marketing related intangibles 3 to 10 years |
Leases | (viii) Leases On April 1, 2019, the Company adopted IFRS 16 “Leases”, which applied to all lease contracts outstanding as at April 1, 2019, using modified retrospective method by recording the cumulative effect of initial application as an adjustment to opening retained earnings. The Company has made use of the following practical expedients available in its transition to IFRS 16:— a) The Company will not reassess whether a contract is or contains a lease. Accordingly, the definition of lease in accordance with IAS 17 and IFRIC-4 b) The Company has applied a single discount rate to a portfolio of leases of similar assets in similar economic environment. Consequently, the Company has recorded its lease liability using the present value of remaining lease payments, discounted using the incremental borrowing rate at the date of initial application and the right-of-use c) The Company excluded the initial direct costs from measurement of the Right-of-Use (“ RoU d) The Company does not recognize RoU assets and lease liabilities for leases with less than twelve months of lease term and low-value The weighted average of discount rates applied to lease liabilities as at April 1, 2019 is 5.7%. On adoption of IFRS 16, a) the Company has recognized right-of-use ₹ ₹ b) the net carrying value of assets procured under the finance lease of ₹ ₹ ₹ of-use , c) the obligations under finance leases of ₹ (non-current ₹ ₹ d) prepaid rent on leasehold land and other assets, which were earlier classified under “Other Assets” have been reclassified to right-of-use ₹ The adoption of the new standard has resulted in a reduction of ₹ ₹ The Company evaluates each contract or arrangement, whether it qualifies as lease as defined under IFRS 16. The Company as a lessee The Company enters into an arrangement for lease of land, buildings, plant and equipment including computer equipment and vehicles. Such arrangements are generally for a fixed period but may have extension or termination options. The Company assesses, whether the contract is, or contains, a lease, at its inception. A contract is, or contains, a lease if the contract conveys the right to – (a) control use of an identified asset, (b) obtain substantially all the economic benefits from use of the identified asset, and (c) direct the use of the identified asset. The Company determines the lease term as the non-cancellable The Company at the commencement of the lease contract recognizes a RoU asset at cost and corresponding lease liability, except for leases with term of less than twelve months (short-term leases) and low-value The cost of the RoU assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the RoU assets are measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The RoU assets are depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of RoU assets. The estimated useful lives of RoU assets are determined on the same basis as those of property, plant and equipment. The Company applies IAS 36 to determine whether a RoU asset is impaired and accounts for any identified impairment loss as described in the impairment of non-financial For lease liabilities at the commencement of the lease, the Company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are discounted using the incremental borrowing rate that the Company would have to pay to borrow funds, including the consideration of factors such as the nature of the asset and location, collateral, market terms and conditions, as applicable in a similar economic environment. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. The Company recognizes the amount of the re-measurement re-measurement Lease liability payments are classified as cash used in financing activities in the consolidated statement of cash flows. The Company as a lessor Leases under which the Company is a lessor are classified as a finance or operating lease. Lease contracts where all the risks and rewards are substantially transferred to the lessee are classified as a finance lease. All other leases are classified as operating lease. For leases under which the Company is an intermediate lessor, the Company accounts for the head-lease and the sub-lease sub-lease |
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, unbilled receivables, contract assets, finance lease receivables, 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, unbilled receivables, contract assets and finance 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 and equipment, RoU assets 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. 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. The recoverable amount of an asset or cash generating unit is the higher of its fair value less cost of disposal (“ FVLCD value-in-use VIU |
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. Remeasurements of the defined benefit plans, comprising actuarial gains or losses, and the return on plan assets (excluding interest) are immediately recognized in other comprehensive income, net of taxes and not reclassified to profit or loss in subsequent period. 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 remeasurements of the defined benefit plans 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 and Pension 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 also maintains pension and similar plans for employees outside India, based on country specific regulations. These plans are partially funded, and the funds are managed by third party fund managers. The plans provide for monthly payout after retirement as per salary drawn and service period or for a lumpsum payment as set out in rules of each fund. The Company’s obligations in respect of the above plans, which are defined benefit plans, are provided for based on actuarial valuation using the projected unit credit method. The Company recognizes remeasurement gains and losses of the net defined benefit liability / (asset) 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 or cash 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 or cash settled 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 or cash settled instruments that will eventually vest. Cash Settled instruments granted are re-measured |
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, considering 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. Effective April 1, 2018, the Company adopted IFRS 15 “Revenue from Contracts with Customers” using the cumulative catch-up ₹ Revenues from customer contracts are considered for recognition and measurement when the contract has been approved by the parties to the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally enforceable. 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. When there is uncertainty as to collectability, revenue recognition is postponed until such uncertainty is resolved. 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 contracts are recognized as the related services are rendered. B. Fixed-price contracts i. Fixed-price development contracts Revenues from fixed-price development 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 receivables on other than fixed-price development contracts are classified as a financial asset where the right to consideration is unconditional and only the passage of time is required before the payment is due. ii. Maintenance contracts Revenues related to fixed-price maintenance contracts are recognized on a straight-line basis when services are performed through an indefinite number of repetitive acts over a specified period or ratably using percentage of completion method when the pattern of benefits from the services rendered to the customers and the cost to fulfil the contract is not even through the period of contract because the services are generally discrete in nature and not repetitive. Revenue for contracts in which the invoicing is representative of the value being delivered is recognized based on our right to invoice. If our invoicing is not consistent with value delivered, revenues are recognized as the service is performed using the percentage of completion method. 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. Element or 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 product. 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 and penalties 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 and when it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. • 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. • Estimates of transaction price and total costs or efforts are continuously monitored over the term of the contract and are recognized in net profit in the period when these estimates change or when the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as the contract progresses. |
Finance expenses | (xv) Finance expenses Finance expenses comprises interest cost on borrowings, lease liabilities and net defined benefit liability, 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. While determining the tax provisions, the Company assesses whether each uncertain tax position is to be considered separately or together with one or more uncertain tax positions depending upon the nature and circumstances of each uncertain tax position. 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 a right and 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. |
Statement of cash flows | (xix) Statement of cash flows Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a 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 of 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 is recognized in the consolidated statement of income. |
New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2020: | New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2020: Amendment to IFRS 3 - Business combination 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. The adoption of amendment to IFRS 3 is applicable to new acquisition on a prospective basis and did not have any impact on the consolidated financial statements of the Company. Amendment to IFRS 9, IAS 39 and IFRS 7 – Interest Rate Benchmark Reform The IASB amended some of its requirements for hedge accounting. The amendments provide relief from potential effects of the uncertainty caused by the IBOR reform. In addition, the amendments require companies to provide additional information to investors about their hedging relationships that are directly affected by these uncertainties. The adoption of amendment to IFRS 9, IAS 39 and IFRS 7 did not have any significant material impact on the consolidated financial statements of the Company. Amendment to IAS 1 and IAS 8 – Definition of Material The IASB issued Amendment to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to update a new definition of material in IAS 1. The amendments clarify the definition of “material” and how it should be applied by including in the definition guidance that until now has featured elsewhere in IFRS Standards. The new definition clarifies that, information is considered material if omitting, misstating, or obscuring such information, could reasonably be expected to influence the decisions that the primary users of general-purpose financial statements make based on those financial statements. The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1. In addition, the IASB amended other Standards and the Conceptual Framework that contain a definition of material or refer to the term ‘material’ to ensure consistency. The adoption of the amendment to IAS 1 and IAS 8 did not have any material impact on its evaluation of materiality in relation to the consolidated financial statements. Amendment to IFRS 16 – Leases The IASB issued amendments to IFRS 16, “Leases”, provide lessees with an exemption from assessing whether a COVID-19-related COVID-19-related COVID-19-related ₹ |
New amendments not yet adopted: | New amendments not yet adopted: Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2020 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: Amendment to IAS 1 – Presentation of Financial Statements On January 23, 2020, the IASB issued “Classification of liabilities as Current or Non-Current non-current. Amendment to IAS 37 – Onerous Contracts – Cost of Fulfilling a Contract On May 14, 2020, the IASB issued “Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)”, amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The amendment specifies that the “cost of fulfilling” a contract comprises the “costs that relate directly to the contract”. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract or an allocation of other costs that relate directly to fulfilling contracts. These amendments are effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 37 on the consolidated financial statements. IFRS 9 – Annual Improvements to IFRS Standards—2018-2020 On May 14, 2020, IASB amended IFRS 9 as part of its Annual Improvements to IFRS Standards 2018-2020. The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test in paragraph B3.3.6 of IFRS 9 in assessing whether to derecognize a financial liability. This amendment is effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. The Company is currently evaluating the impact of amendment to IFRS 9 on the consolidated financial statements. Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 – Interest Rate Benchmark Reform (Phase 2) In August 2020, the IASB issued Interest Rate Benchmark Reform (Phase 2), which amends IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16. The amendments complement those issued in 2019 and focus on the effects on financial statements when a company replaces the old interest rate benchmark with an alternative benchmark rate as a result of the reform. The amendments in this final phase relate to the modification of financial assets, financial liabilities and lease liabilities, specific hedge accounting requirements, and disclosure requirements applying IFRS 7 to accompany the amendments regarding modifications and hedge accounting. These amendments are effective for annual reporting periods beginning on or after January 1, 2021 and are to be applied retrospectively, with earlier application permitted. The Company is currently evaluating the impact of the amendment on the consolidated financial statements. Amendment to IAS 1 – Presentation of Financial Statements On February 12, 2021, the IASB amended IAS 1 “Presentation of Financial Statements” and IFRS Practice Statement 2 “Making Materiality Judgements”. The amendments require companies to disclose their material accounting policy information rather than their significant accounting policies. The amendments clarify that accounting policy information may be material because of its nature, even if the related amounts are immaterial. The amendments also clarified that accounting policy information is material if users of an entity’s financial statements would need it to understand other material information in the financial statements; and the amendments clarify that if an entity discloses immaterial accounting policy information, such information shall not obscure material accounting policy information. These amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 1 on the consolidated financial statements. Amendment to IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors On February 12, 2021, the IASB amended IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”. The amendments provided ‘Definition of Accounting Estimates (Amendments to IAS 8)’ to help entities to distinguish between accounting policies and accounting estimates. This distinction is important because changes in accounting estimates are applied prospectively, but changes in accounting policies are applied retrospectively. These amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 8 on the consolidated financial statements. Amendments to IAS 12 – “Income Taxes” On May 7, 2021, the IASB amended IAS 12 “Income Taxes” and published ‘Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)’ that clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations. In specified circumstances, companies are exempt from recognizing deferred tax when they recognize assets or liabilities for the first time. The amendments clarify that this exemption does not apply to transactions such as leases and decommissioning obligations and companies are required to recognize deferred tax on such transactions. These amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 12 on the consolidated financial statements. |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
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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 equipment 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 life of amortizable intangibles is 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 0.75 to 15 years Marketing related intangibles 3 to 10 years |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
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, 2019 ₹ 3,697 ₹ 27,490 ₹ 92,366 ₹ 16,505 ₹ 948 ₹ 141,006 Reclassified on adoption of IFRS 16 — — (3,420 ) — — (3,420 ) Adjusted balance as at April 1, 2019 ₹ 3,697 ₹ 27,490 ₹ 88,946 ₹ 16,505 ₹ 948 ₹ 137,586 Translation adjustment 9 84 1,437 129 (5 ) 1,654 Additions 55 9,130 13,571 3,487 11 26,254 Additions through Business combinations — 5 417 7 — 429 Disposals — (199 ) (3,676 ) (258 ) (146 ) (4,279 ) As at March 31, 2020 ₹ 3,761 ₹ 36,510 ₹ 100,695 ₹ 19,870 ₹ 808 ₹ 161,644 Accumulated depreciation/ impairment: As at April 1, 2019 ₹ — ₹ 6,715 ₹ 73,188 ₹ 12,593 ₹ 682 ₹ 93,178 Reclassified on adoption of IFRS 16 — — (2,177 ) — — (2,177 ) Adjusted balance as at April 1, 2019 ₹ — ₹ 6,715 ₹ 71,011 ₹ 12,593 ₹ 682 ₹ 91,001 Translation adjustment — 32 1,066 91 (2 ) 1,187 Depreciation and impairment ** — 1,319 8,628 1,556 175 11,678 Disposals — (118 ) (2,649 ) (99 ) (128 ) (2,994 ) As at March 31, 2020 ₹ — ₹ 7,948 ₹ 78,056 ₹ 14,141 ₹ 727 ₹ 100,872 Capital work-in-progress ₹ 20,348 Net carrying value including Capital work-in-progress ₹ 81,120 Gross carrying value: As at April 1, 2020 ₹ 3,761 ₹ 36,510 ₹ 100,695 ₹ 19,870 ₹ 808 ₹ 161,644 Translation adjustment 5 100 303 25 (1 ) 432 Additions 107 3,569 14,362 1,958 9 20,005 Additions through Business combinations — — 27 57 — 84 Disposals (58 ) (765 ) (4,532 ) (1,218 ) (398 ) (6,971 ) As at March 31, 2021 ₹ 3,815 ₹ 39,414 ₹ 110,855 ₹ 20,692 ₹ 418 ₹ 175,194 Accumulated depreciation/ impairment: As at April 1, 2020 ₹ — ₹ 7,948 ₹ 78,056 ₹ 14,141 ₹ 727 ₹ 100,872 Translation adjustment — 32 174 11 — 217 Depreciation and impairment ** — 1,500 11,123 1,845 61 14,529 Disposals — (695 ) (4,313 ) (908 ) (391 ) (6,307 ) As at March 31, 2021 ₹ — ₹ 8,785 ₹ 85,040 ₹ 15,089 ₹ 397 ₹ 109,311 Capital work-in-progress ₹ 19,309 Net carrying value including Capital work-in-progress ₹ 85,192 * Including net carrying value of computer equipment and software amounting to ₹ ₹ ** Includes impairment charge on certain software platforms amounting to ₹ ₹ |
Right-of-Use assets (Tables)
Right-of-Use assets (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Disclosure of Right of use assets [Abstract] | |
Summary of right of use assets | Category of RoU asset Land Buildings Plant and Vehicles Total Gross carrying value: As at April 1, 2019 ₹ 2,003 ₹ 11,502 ₹ 2,941 ₹ 649 ₹ 17,095 Additions — 3,520 1,210 219 4,949 Additions through Business combinations — 364 — — 364 Disposals — (41 ) (47 ) (59 ) (147 ) Translation adjustment — 279 132 17 428 As at March 31, 2020 ₹ 2,003 ₹ 15,624 ₹ 4,236 ₹ 826 ₹ 22,689 Accumulated depreciation: Depreciation ₹ 27 ₹ 3,884 ₹ 1,731 ₹ 269 ₹ 5,911 Disposals — (18 ) (47 ) (10 ) (75 ) Translation adjustment — 62 37 6 105 As at March 31, 2020 ₹ 27 ₹ 3,928 ₹ 1,721 ₹ 265 ₹ 5,941 Net carrying value as at March 31, 2020 ₹ 16,748 Gross carrying value: As at April 1, 2020 ₹ 2,003 ₹ 15,624 ₹ 4,236 ₹ 826 ₹ 22,689 Additions 79 5,323 770 162 6,334 Additions through Business combinations — 352 — 84 436 Disposals — (2,503 ) (1,103 ) (154 ) (3,760 ) Translation adjustment — 48 15 8 71 As at March 31, 2021 ₹ 2,082 ₹ 18,844 ₹ 3,918 ₹ 926 ₹ 25,770 Accumulated depreciation: As at April 1, 2020 ₹ 27 ₹ 3,928 ₹ 1,721 ₹ 265 ₹ 5,941 Depreciation 28 4,487 1,465 285 6,265 Disposals — (1,703 ) (1,023 ) (119 ) (2,845 ) Translation adjustment — (9 ) (6 ) 4 (11 ) As at March 31, 2021 ₹ 55 ₹ 6,703 ₹ 2,157 ₹ 435 ₹ 9,350 Net carrying value as at March 31, 2021 ₹ 16,420 * Includes computer equipment. |
Disclosure of Lease Expenses | The Company recognized the following expenses in the consolidated statement of income: Year ended March 31, 2020 2021 Interest expenses on lease liabilities ₹ 914 ₹ 798 Rent expense pertaining to leases of low-value 44 53 Rent expense pertaining to leases with less than twelve months of lease term recognized under facility expenses 2,085 1,876 ₹ 3,043 ₹ 2,727 |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Movement in Goodwill Balance | The movement in goodwill balance is given below: Year ended March 31, 2020 2021 Balance at the beginning of the year ₹ 116,980 ₹ 131,012 Translation adjustment 9,199 (1,357 ) Acquisition through business combinations* (Refer to Note 7) 4,833 9,472 Balance at the end of the year ₹ 131,012 ₹ 139,127 * Acquisition through business combinations for the year ended March 31, 2021 is net of ₹ |
Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach | During the year ended March 31, 2021, the Company re-organized re-allocated Year ended March 31, CGUs 2020 2021 Americas 1 ₹ 63,432 ₹ 64,573 Americas 2 32,392 34,038 Europe 22,149 26,641 Asia Pacific Middle East Africa 13,039 13,875 ₹ 131,012 ₹ 139,127 |
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, 2019 ₹ 26,924 ₹ 5,945 ₹ 32,869 Translation adjustment 1,031 382 1,413 Acquisition through business combinations (Refer to Note 7) 4,535 371 4,906 As at March 31, 2020 ₹ 32,490 ₹ 6,698 ₹ 39,188 Accumulated amortization/ impairment: As at April 1, 2019 ₹ 15,345 ₹ 3,762 ₹ 19,107 Translation adjustment 220 226 446 Amortization and impairment * 2,333 940 3,273 As at March 31, 2020 ₹ 17,898 ₹ 4,928 ₹ 22,826 Net carrying value as at March 31, 2020 ₹ 14,592 ₹ 1,770 ₹ 16,362 Gross carrying value: As at April 1, 2020 ₹ 32,490 ₹ 6,698 ₹ 39,188 Translation adjustment (56 ) (159 ) (215 ) Acquisition through business combinations (Refer to Note 7) 2,460 828 3,288 Deductions/Adjustments (8,568 ) (5,756 ) (14,324 ) As at March 31, 2021 ₹ 26,326 ₹ 1,611 ₹ 27,937 Accumulated amortization/ impairment: As at April 1, 2020 ₹ 17,898 ₹ 4,928 ₹ 22,826 Translation adjustment (142 ) (116 ) (258 ) Amortization and impairment * 5,060 1,548 6,608 Deductions/Adjustments (8,568 ) (5,756 ) (14,324 ) As at March 31, 2021 ₹ 14,248 ₹ 604 ₹ 14,852 Net carrying value as at March 31, 2021 ₹ 12,078 ₹ 1,007 ₹ 13,085 * includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ ₹ ₹ * During the year ended March 31, 2021, change in business strategy of a customer led to a significant decline in the revenue and earnings estimates, resulting in revision of recoverable value of customer-relationship intangible assets recognized on business combination. Further, the Company integrated certain brands acquired as part of a business combination, resulting in discontinuance of the acquired brands. Consequently, the Company has recognized impairment charge ₹ * Due to change in our estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ ₹ ₹ |
Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition | As at March 31, 2021, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows: Acquisition Net carrying value Estimated remaining ATCO I-Tek ₹ 1,920 0.33 years Vara Infotech Private Limited 1,888 5.5 - 8.5 years Rational Interaction, Inc. 1,799 1.92 - 5.92 years Eximius Design, LLC 1,701 0.75 - 6.42 years 4C NV 770 0.83 - 4.42 years IVIA Serviços de Informática Ltda 343 4.42 years Appirio Inc. 302 0.67 years Cellent AG 289 1.75 years International TechneGroup Incorporated 287 3.5 years Encore Theme Technologies Private Limited 161 2.75 - 4.75 years Others 3,625 0.25 - 11.25 years Total 13,085 |
Business combination (Tables)
Business combination (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Statement [LineItems] | |
Schedule of Allocation of Purchase Price for Business Combinations | The following table presents the final purchase price allocation: Description Purchase price allocated Net assets ₹ 949 Customer related intangibles 4,535 Other intangible assets 371 Deferred tax liabilities on intangible assets (213 ) Total ₹ 5,642 Goodwill 4,761 Total purchase price ₹ 10,403 The following table presents the provisional purchase price allocation: Description Purchase price Net assets ₹ 1,324 Customer related intangibles 2,460 Marketing related intangibles 828 Deferred tax liabilities on intangible assets (432 ) Total ₹ 4,180 Goodwill 9,544 Total purchase price ₹ 13,724 Description Purchase price Net assets ₹ 4,398 Customer related intangibles 24,2 84 Marketing related intangibles 8,048 Deferred tax liabilities on intangible assets (9,376 ) Total ₹ 27,354 Goodwill 81,406 Total purchase price ₹ 108,760 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Schedule of Investment | As at March 31, 2020 2021 Non-current Financial instruments at FVTOCI Equity instruments ₹ 9,297 ₹ 10,572 Financial instruments at amortized cost Inter corporate and term deposits * 5 4 ₹ 9,302 ₹ 10,576 Current Financial instruments at FVTPL Investments in liquid and short-term mutual funds ₹ 14,795 ₹ 23,502 Financial instruments at FVTOCI Commercial paper, Certificate of deposits and bonds 155,587 131,382 Financial instruments at amortized cost Inter corporate and term deposits* 19,253 20,823 ₹ 189,635 ₹ 175,707 Total ₹ 198,937 ₹ 186,283 * non-current ₹ ₹ non-current ₹ ₹ |
Summary of Financial Information in Respect of Investments Accounted for Using Equity Method | The Company has no material associates as at March 31, 2020 and 2021. 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, 2020 2021 Carrying amount of the Company’s interest in associates accounted for using the equity method ₹ 1,383 ₹ 1,464 For the year ended March 31, 2019 2020 2021 Company’s share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income ₹ (43 ) ₹ 29 ₹ 130 |
Summary of Equity Method Investments | Details of investments in equity instruments- classified as FVTOCI Carrying value As at March 31, Particulars 2020 2021 Non-current Ensono Holdings, LLC ₹ 2,733 ₹ 2,665 TLV Partners 567 804 Immuta, Inc. — 714 Tricentis Corporatio n 588 674 IntSights Cyber Intelligence Limited 641 620 Vectra Networks, Inc 582 562 Incorta Inc, Ltd. 529 512 YugaByte, Inc. — 494 Tradeshift Inc. 510 367 Harte Hanks Inc. 119 319 Vicarious FPC, Inc. 244 309 TLV Partners II, L.P. 190 295 Avaamo Inc. 260 252 B Capital Fund II, L.P. 118 220 Vulcan Cyber Ltd. — 219 CyCognito 99 216 Moogsoft (Herd) Inc. 227 179 Work-Bench Ventures II-A, 118 170 Boldstart Ventures IV, L.P. 49 156 Sealights Technologies Ltd 151 146 CloudKnox Security Inc. 151 146 Headspin Inc 849 140 Glilot Capital Partners III L.P. 28 87 Boldstart Opportunities II, L.P. — 79 TLV Partners III, L,P. 14 73 Wep Peripherals Ltd. 68 60 Altizon Systems Private Limited 38 38 Wep Solutions Limited 27 26 Drivestream India Private Limited 19 19 Work-Bench Ventures III-A, — 11 CloudGenix 378 — Total ₹ 9,297 ₹ 10,572 |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Schedule of Trade Receivables | As at March 31, 2020 2021 Trade receivables ₹ 124,460 ₹ 109,733 Allowance for lifetime expected credit loss (13,937 ) (11,077 ) ₹ 110,523 ₹ 98,656 Non-current 6,049 4,358 Current 104,474 94,298 |
Summary of Allowance for Lifetime Expected Credit Loss | The activity in the allowance for lifetime expected credit loss is given below: As at March 31, 2020 2021 Balance at the beginning of the year ₹ 14,824 ₹ 13,937 Additions during the year, net (Refer to Note 25) 1,043 1,506 Charged against allowance (2,139 ) (4,381 ) Translation adjustment 209 15 Balance at the end of the year ₹ 13,937 ₹ 11,077 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Schedule of Inventories | As at March 31, 2020 2021 Stores and spare parts ₹ 613 ₹ 127 Finished and traded goods 1,252 937 ₹ 1,865 ₹ 1,064 |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | As at March 31, 2019 2020 2021 Cash and bank balances ₹ 41,966 ₹ 34,087 ₹ 68,842 Demand deposits with banks * 116,563 110,412 100,951 ₹ 158,529 ₹ 144,499 ₹ 169,793 * These deposits can be withdrawn by the Company at any time without prior notice and without 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 statement of cash flows: As at March 31, 2019 2020 2021 Cash and cash equivalents (as above) ₹ 158,529 ₹ 144,499 ₹ 169,793 Bank overdrafts (4 ) (395 ) (130 ) ₹ 158,525 ₹ 144,104 ₹ 169,663 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Other Financial Assets | As at March 31, 2020 2021 Non-current Security deposits ₹ 1,581 ₹ 1,477 Interest receivables 1,139 1,139 Finance lease receivables 2,359 3,144 Others 802 328 ₹ 5,881 ₹ 6,088 Current Security deposits ₹ 1,127 ₹ 1,149 Dues from officers and employees 1,040 411 Interest receivables 2,581 1,628 Finance lease receivables 2,811 3,438 Others 1,055 619 ₹ 8,614 ₹ 7,245 ₹ 14,495 ₹ 13,333 |
Summary of Finance Lease Receivables | Finance lease receivables consist of assets that are leased to customers for a contract term normally ranging 1 to 5 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, 2020 2021 2020 2021 Not later than one year ₹ 2,986 ₹ 3,636 ₹ 2,811 ₹ 3,438 Later than one year but not later than five years 2,473 3,264 2,359 3,144 Gross investment in lease 5,459 6,900 5,170 6,582 Less: Unearned finance income (289 ) (318 ) — — Present value of minimum lease payment receivables ₹ 5,170 ₹ 6,582 ₹ 5,170 ₹ 6,582 Non-current 2,359 3,144 Current finance lease receivables 2,811 3,438 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of detailed information about other assets | As at March 31, 2020 2021 Non-current Prepaid expenses ₹ 4,535 ₹ 3,417 Costs to obtain contract* 4,030 3,413 Costs to fulfil contract 305 337 Others (Refer to Note 35) 3,065 8,768 ₹ 11,935 ₹ 15,935 Current Prepaid expenses ₹ 9,876 ₹ 12,121 Dues from officers and employees 310 105 Advance to suppliers 3,121 3,199 Balance with GST and other authorities 7,805 7,903 Costs to obtain contract* 1,258 759 Costs to fulfil contract — 53 Others 135 783 ₹ 22,505 ₹ 24,923 ₹ 34,440 ₹ 40,858 * Amortization during the year ended March 31, 2020 and 2021 amounting to ₹ ₹ |
Loans, borrowings and bank ov_2
Loans, borrowings and bank overdrafts (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Long - Term Loans and Borrowings | As at March 31, 2020 As at March 31, 2021 Currency Foreign Indian Rupee Foreign Indian Rupee Interest rate Final Unsecured loans U.S. Dollar (U.S.$) 311 23,478 310 22,671 1.04% - 3.81 % March-24 Canadian Dollar (CAD) ^ 25 ^ 10 1.48% - 3.26 % July-21 Indian Rupee (INR) — 440 — 240 8.29% - 9.35 % March-24 Australian Dollar (AUD) 1 44 ^ 26 4.65 % January-22 Pound Sterling (GBP) ^ 22 ^ 12 2.93 % February-22 Euro (EUR) ^ 13 ^ 10 2.87 % April-23 ₹ 24,022 ₹ 22,969 Non-current portion of long-term loans and borrowings 4,840 7,458 Current portion of long-term loans and borrowings 19,182 15,511 ^ Value is less than 1 |
Summary of Changes in Financing Liabilities Arising from Cash and Non-cash Changes | Cash and non-cash changes in liabilities arising from financing activities: Non-cash changes April 1, 2019 Cash flow IFRS 16 Net additions Foreign March Borrowings 97,461 (26,038 ) — — 6,224 77,647 Bank overdrafts 4 391 — — — 395 Obligations under finance leases 2,002 — (2,002 ) — — — Lease Liabilities — (6,784 ) 17,381 7,942 659 19,198 ₹ 99,467 ₹ (32,431 ) ₹ 15,379 ₹ 7,942 ₹ 6,883 ₹ 97,240 Non-cash changes April 1, 2020 Cash flow Net additions Foreign March 31, Borrowings ₹ 77,647 ₹ 6,212 ₹ — ₹ (657 ) ₹ 83,202 Bank overdrafts 395 (265 ) — — 130 Lease Liabilities 19,198 (8,660 ) 10,404 24 0 21,182 ₹ 97,240 ₹ (2,713 ) ₹ 10,404 ₹ (41 7 ) ₹ 104,514 |
Trade payables and accrued ex_2
Trade payables and accrued expenses (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Trade Payables and Accrued Expenses | As at March 31, 2020 2021 Trade payables ₹ 27,053 ₹ 23,232 Accrued expenses 51,076 55,638 ₹ 78,129 ₹ 78,870 |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Disclosure Of Detailed Information About Other Financial Liabilities [Abstract] | |
Summary of detailed information about other financial liabilities | As at March 31, 2020 2021 Non-current Cash Settled ADS RSUs (Refer to Note 30) ₹ 146 ₹ 7 Contingent consideration (Refer to Note 7) — 2,158 Advance from customers — 123 Deposits and others 5 3 ₹ 151 ₹ 2,291 Current Cash Settled ADS RSUs (Refer to Note 30) ₹ 350 ₹ 24 Contingent consideration (Refer to Note 7) — 135 Advance from customers — 496 Deposits and others 549 815 ₹ 899 ₹ 1,470 ₹ 1,050 ₹ 3,761 |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Disclosure Of Detailed Information About Other Liabilities Explanatory | As at March 31, 2020 2021 Non-current Employee benefits obligations ₹ 3,767 ₹ 3,055 Others 3,770 4,780 ₹ 7,537 ₹ 7,835 Current Statutory and other liabilities ₹ 4,919 ₹ 9,266 Employee benefits obligations 12,356 14,401 Advance from customers 1,464 362 Others 515 523 ₹ 19,254 ₹ 24,552 ₹ 26,791 ₹ 32,387 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Provisions [abstract] | |
Summary of detailed information about provisions | As at March 31, 2020 2021 Non-current Provision for warranty ₹ 2 ₹ 2 ₹ 2 ₹ 2 Current Provision for warranty ₹ 317 ₹ 213 Others 295 463 ₹ 612 ₹ 676 ₹ 614 ₹ 678 |
Summary of Activity for Provision for Warranty and Other Provisions | A summary of activity in provision for warranty and other provisions is as follows: Year ended March 31, 2020 Year ended March 31, 2021 Provision for Others Total Provision for Others Total Balance at the beginning of the year ₹ 277 ₹ 363 ₹ 640 ₹ 319 ₹ 295 ₹ 614 Additional provision during the year 360 98 458 245 270 515 Utilized/wri t (318 ) (166 ) (484 ) (349 ) (102 ) (451 ) Balance at the end of the year ₹ 319 ₹ 295 ₹ 614 ₹ 215 ₹ 463 ₹ 678 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Financial Assets and Liabilities | Financial assets and liabilities (carrying value / fair value) As at March 31, 2020 2021 Assets: Cash and cash equivalents ₹ 144,499 ₹ 169,793 Investments Financial instruments at FVTPL 14,795 23,502 Financial instruments at FVTOCI 164,884 141,954 Financial instruments at Amortized cost 19,258 20,827 Other financial assets Trade receivables 110,523 98,656 Unbilled receivables 25,209 27,124 Other assets 14,495 13,333 Derivative assets 3,025 4,080 ₹ 496,688 ₹ 499,269 Liabilities: Trade payables and other payables Trade payables and accrued expenses ₹ 78,129 ₹ 78,870 Lease liabilities 19,198 21,182 Other liabilities 1,050 3,761 Loans, borrowings and bank overdrafts 78,042 83,332 Derivative liabilities 7,369 1,070 ₹ 183,788 ₹ 188,215 |
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, 2020 ₹ 157,304 ₹ (7,077) ₹ 150,227 As at March 31, 2021 ₹ 146,709 ₹ (7,596) ₹ 139,113 Financial liabilities Gross amounts of Gross amounts of Net amounts of As at March 31, 2020 ₹ 86,256 ₹ (7,077) ₹ 79,179 As at March 31, 2021 ₹ 90,227 ₹ (7,596) ₹ 82,631 |
Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis | The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis: Particular As at March 31, 2020 As at March 31, 2021 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 ₹ 1,382 ₹ — ₹ 1,382 ₹ — ₹ 2,998 ₹ — ₹ 2,998 ₹ — Others 1,643 — 1,643 — 1,082 — 1,082 — Investments: Investment in liquid and short-term mutual funds 14,795 14,795 — — 23,502 23,502 — — Investment in equity instruments 9,297 — 119 9,178 10,572 26 319 10,227 Commercial paper, Certificate of deposits and bonds 155,587 12,983 142,604 — 131,382 2,217 129,165 — Liabilities Derivative instruments: Cash flow hedges ₹ (4,057 ) ₹ — ₹ (4,057 ) ₹ — ₹ (816 ) ₹ — ₹ (816 ) ₹ — Others (3,312 ) — (3,312 ) — (254 ) — (254 ) — Contingent consideration (Refer to Note 7) — — — — (2,293 ) — — (2,293 ) |
Summary of Details of Assets and Liabilities Considered under Level 3 Classification | Details of assets and liabilities considered under Level 3 classification As at March 31, Investment in equity instruments 2020 2021 Balance at the beginning of the year ₹ 6,668 ₹ 9,178 Additions 2,124 1,575 Disposals (1,327 ) (1,256 ) Transfers out of level 3 — (27 ) Gain/(loss) recognized in foreign currency translation reserve 855 (252 ) Gain recognized in other comprehensive income 858 1,009 Balance at the end of the year ₹ 9,178 ₹ 10,227 As at March 31, Contingent consideration 2020 2021 Balance at the beginning of the year ₹ — ₹ — Additions (Refer to Note 7) — (2,293 ) Finance expense recognized in statement of income — (25 ) Gain/(loss) recognized in foreign currency translation reserve — 25 Balance at the end of the year ₹ — ₹ (2,293 ) |
Summary of Significant Unobservable Inputs to Valuation | Description of significant unobservable inputs to valuation: As at March 31, 2020 Items Valuation technique Significant unobservable input Input Movement by Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 3.0 % 0.5 % 298 (273 ) investments cash flow model Discount rate 11.6 % 0.5 % (388 ) 404 As at March 31, 2021 Items Valuation technique Significant unobservable input Input Movement by Increase ₹ ) Decrease ₹ ) Unquoted equity Discounted Long term growth rate 3.0 % 0.5 % 304 (295 ) investments cash flow model Discount rate 10.9 % 0.5 % (393 ) 395 |
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, 2020 2021 Notional Fair value Notional Fair value Designated derivative instruments Sell: Forward contracts USD 1,011 ₹ (2,902 ) USD 1,577 ₹ 2,293 € 121 ₹ 231 € 109 ₹ 114 £ 52 ₹ 240 £ 96 ₹ (254 ) AUD 144 ₹ 741 AUD 103 ₹ (246 ) Range forward option contracts USD 474 ₹ (1,057 ) USD 138 ₹ 385 € 39 ₹ 85 € 20 ₹ 24 £ 98 ₹ (13 ) £ 55 ₹ (116 ) AUD — ₹ — AUD 34 ₹ (18 ) Non-designated derivative instruments Sell: Forward contracts * USD 1,314 ₹ (3,116 ) USD 1,638 ₹ 480 € 59 ₹ 34 € 99 ₹ 202 £ 81 ₹ 112 £ 104 ₹ 98 AUD 56 ₹ 115 AUD 29 ₹ 11 SGD 7 ₹ 8 SGD 9 ₹ 5 ZAR 17 ₹ 1 ZAR 22 ₹ (1 ) CAD 51 ₹ 153 CAD 30 ₹ 3 SAR 60 ₹ (1 ) SAR 137 ₹ (1 ) PLN 34 ₹ 13 PLN 8 ₹ 2 CHF 7 ₹ 4 CHF 10 ₹ 13 QAR 19 ₹ (8 ) QAR 15 ₹ (6 ) TRY 30 ₹ 31 TRY 47 ₹ 42 NOK 19 ₹ 16 NOK 4 ₹ ^ OMR 2 ₹ 1 OMR 2 ₹ (1 ) SEK 13 ₹ 4 SEK 42 ₹ 10 MYR 20 ₹ 1 MYR — ₹ — JPY 325 ₹ ^ JPY 370 ₹ 6 Buy: Forward contracts USD 480 ₹ 972 USD — ₹ — MXN 11 ₹ (9 ) MXN — ₹ — SEK — ₹ — SEK 37 ₹ (15 ) DKK 9 ₹ ^ DKK 45 ₹ (12 ) CHF — ₹ — CHF 2 ₹ (6 ) RMB — ₹ — RMB 30 ₹ (2 ) AED — ₹ — AED 9 ₹ ^ ₹ (4,344 ) ₹ 3,010 * USD 1,314 and USD 1,638 includes USD/PHP sell forward of USD 176 and USD 244 as at March 31, 2020 and 2021, respectively. ^ 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, 2020 2021 Balance as at the beginning of the year ₹ 3,019 ₹ (2,876 ) Deferred cancellation gain/ (loss), net (201 ) — Changes in fair value of effective portion of derivatives (2,312 ) 4,753 Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions * (3,382 ) 305 Gain/(loss) on cash flow hedging derivatives, net ₹ (5,895 ) ₹ 5,058 Balance as at the end of the year (2,876 ) 2,182 Deferred tax thereon 561 (452 ) Balance as at the end of the year, net of deferred tax ₹ (2,315 ) ₹ 1,730 * Includes net (gain)/loss reclassified to revenue of ₹ ₹ ₹ ₹ |
Summary of Foreign Currency Risk from Non-derivative Financial Instruments | The below table presents foreign currency risk from non-derivative financial instruments as at March 31, 2020 and 2021: As at March 31, 2020 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 42,329 ₹ 8,860 ₹ 7,735 ₹ 3,044 ₹ 1,388 ₹ 4,522 ₹ 67,878 Unbilled receivables 11,127 1,030 2,221 784 291 1,126 16,579 Contract assets 5,517 1,559 2,850 654 146 790 11,516 Cash and cash equivalents 13,481 3,978 1,697 586 1,292 1,733 22,767 Other assets 49,835 4,314 3,283 413 1,447 1,805 61,097 Loans, borrowings and bank overdrafts (36,578 ) — — — — — (36,578 ) Lease Liabilities (3,393 ) (2,606 ) (373 ) (214 ) (16 ) (1,412 ) (8,014 ) Trade payables, accrued expenses and other liabilities (27,457 ) (3,419 ) (3,718 ) (1,228 ) (605 ) (3,087 ) (39,514 ) Net assets/ (liabilities) ₹ 54,861 ₹ 13,716 ₹ 13,695 ₹ 4,039 ₹ 3,943 ₹ 5,477 ₹ 95,731 As at March 31, 2021 US $ Euro Pound Australian Canadian Other Total Trade receivables ₹ 33,421 ₹ 9,094 ₹ 9,334 ₹ 4,101 ₹ 1,436 ₹ 4,196 ₹ 61,582 Unbilled receivables 9,255 1,681 1,740 803 283 821 14,583 Contract assets 5,111 1,121 2,755 838 102 536 10,463 Cash and cash equivalents 11,838 1,385 2,052 765 1,876 2,728 20,644 Other assets 73,212 3,981 9,116 2 891 3,479 90,681 Lease Liabilities (3,800 ) (2,684 ) (1,575 ) (202 ) (117 ) (1,548 ) (9,926 ) Trade payables, accrued expenses and other liabilities (23,187 ) (3,569 ) (4,370 ) (1,415 ) (350 ) (2,622 ) (35,513 ) Net assets/ (liabilities) ₹ 105,850 ₹ 11,009 ₹ 19,052 ₹ 4,892 ₹ 4,121 ₹ 7,590 ₹ 152,514 # Other currencies reflect currencies such as Japanese Yen, Swiss Franc, Saudi Riyal 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, 2020 Carrying Less than 1 1-2 years 2-4 years Beyond 4 Total Loans, borrowings and bank overdrafts * ₹ 78,042 ₹ 74,663 ₹ 4,761 ₹ 119 ₹ — ₹ 79,543 Lease Liabilities * 19,198 7,322 6,128 5,425 2,192 21,067 Trade payables and accrued expenses 78,129 78,129 — — — 78,129 Derivative liabilities 7,369 7,231 90 48 — 7,369 Other liabilities 1,050 899 88 63 — 1,050 As at March 31, 2021 Carrying Less than 1 1-2 years 2-4 years Beyond 4 Total Loans, borrowings and bank overdrafts * ₹ 83,332 ₹ 77,609 ₹ 166 ₹ 7,441 ₹ — ₹ 85,216 Lease Liabilities * 21,182 8,398 6,317 6,017 2,091 22,823 Trade payables and accrued expenses 78,870 78,870 — — — 78,870 Derivative liabilities 1,070 1,070 — — — 1,070 Other liabilities 3,761 1,473 1,330 1,077 — 3,880 * Includes future cash outflow towards estimated interest on borrowings and lease liabilities |
Summary of Balanced View of Liquidity and Financial Indebtedness | The balanced view of liquidity and financial indebtedness is stated in the table below. The management for external communication with investors, analysts and rating agencies uses this calculation of the net cash position: As at March 31, 2020 2021 Cash and cash equivalents ₹ 144,499 ₹ 169,793 Investments 189,635 175,707 Loans, borrowings and bank overdrafts (78,042 ) (83,332 ) ₹ 256,092 ₹ 262,168 |
Foreign currency translation _2
Foreign currency translation reserve and Other reserves (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
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, 2020 2021 Balance at the beginning of the year ₹ 15,250 ₹ 23,539 Translation difference related to foreign operations, net 8,289 (603 ) Balance at the end of the year ₹ 23,539 ₹ 22,936 |
Summary Of Movement In Other Reserve | The movement in other reserve is summarized below: Other Reserves Particulars Remeasurements Investment in measured at fair Investment in measured at fair Capital As at April 1, 2018 ₹ (305 ) ₹ 1,182 ₹ (98 ) ₹ 768 Other comprehensive income 235 (18 ) (464 ) — Bonus issue of equity shares — — — (767 ) As at March 31, 2019 ₹ (70 ) ₹ 1,164 ₹ (562 ) ₹ 1 As at April 1, 2019 ₹ (70 ) ₹ 1,164 ₹ (562 ) ₹ 1 Other comprehensive income (1,050 ) 1,222 724 — Buyback of equity shares — — — 646 As at March 31, 2020 ₹ (1,120 ) ₹ 2,386 ₹ 162 ₹ 647 As at April 1, 2020 ₹ (1,120 ) ₹ 2,386 ₹ 162 ₹ 647 Other comprehensive income 223 1,851 1,216 — Buyback of equity shares — — — 475 As at March 31, 2021 ₹ (897 ) ₹ 4,237 ₹ 1,378 ₹ 1,122 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Allocation of Income Tax Expense to Other Comprehensive Income | Year ended March 31, 2019 2020 2021 Income tax expense as per the consolidated statement of income ₹ 25,242 ₹ 24,799 ₹ 30,345 Income tax included in other comprehensive income on: Unrealized gains/(losses) on investment securities (65 ) (230 ) 226 Gains/(losses) on cash flow hedging derivatives 633 (1,165 ) 1,013 Remeasurements of the defined benefit plans 47 (196 ) 111 ₹ 25,857 ₹ 23,208 ₹ 31,695 |
Summary of Components of Income Tax Expense | Income tax expense consist of the following Year ended March 31, 2019 2020 2021 Current taxes Domestic ₹ 17,987 ₹ 18,437 ₹ 19,773 Foreign 5,663 5,887 6,292 23,650 24,324 26,065 Deferred taxes Domestic (180 ) 1,624 3,982 Foreign 1,772 (1,149 ) 298 1,592 475 4,280 ₹ 25,242 ₹ 24,799 ₹ 30,345 |
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, 2019 2020 2021 Profit before taxes ₹ 115,415 ₹ 122,512 ₹ 139,007 Enacted income tax rate in India 34.94 % 34.94 % 34.94 % Computed expected tax expense 40,326 42,806 48,569 Effect of: Income exempt from tax (18,469 ) (12,930 ) (12,697 ) Basis differences that will reverse during a tax holiday period (796 ) 480 (2,268 ) Income taxed at higher/ (lower) rates (1,002 ) (3,122 ) (2,381 ) Taxes related to income of prior years (2,267 ) (116 ) (3,861 ) Changes in unrecognized deferred tax assets 3,972 (3,898 ) 1,096 Expenses disallowed for tax purpose 3,503 1,785 1,879 Others, net (25 ) (206 ) 8 Income tax expense ₹ 25,242 ₹ 24,799 ₹ 30,345 Effective income tax rate 21.87 % 20.24 % 21.83 % |
Summary of Components of Deferred Tax Assets and Liabilities | As at March 31, 2020 2021 Carry forward losses * ₹ 2,044 ₹ 1,637 Trade payables, accrued expenses and other liabilities 4,994 5,115 Allowances for lifetime expected credit loss 3,921 3,208 Minimum alternate tax 3,425 — Cash flow hedges 561 — Contract asset — 91 Others — 90 14,945 10,141 Property, plant and equipment (686 ) (1,268 ) Amortizable goodwill (2,166 ) (2,065 ) Intangible assets (1,541 ) (1,249 ) Interest income and fair value movement of investments (626 ) (1,582 ) Cash flow hedges — (452 ) Contract liabilities (11 ) — SEZ Re-investment Reserve (6,614 ) (6,494 ) Others (121 ) — (11,765 ) (13,110 ) Net deferred tax assets ₹ 3,180 ₹ (2,969 ) Amounts presented in consolidated statement of financial position: Deferred tax assets ₹ 6,005 ₹ 1,664 Deferred tax liabilities ₹ (2,825 ) ₹ (4,633 ) * 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 March 31, 2019 As Credit/(charge) in Credit/(charge) in Others 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 income and fair value movement of investments (1,712 ) 186 71 — (1,455 ) Cash flow hedges 29 — (633 ) — (604 ) Contract liabilities (273 ) (1 ) (15 ) — (289 ) SEZ Re-investment Reserve — (1,132 ) — — (1,132 ) Others (403 ) 693 27 1 318 Total ₹ 3,849 ₹ (1,592 ) ₹ (616 ) ₹ 546 ₹ 2,187 Movement during the year ended March 31, 2020 As at April 1, Credit/(charge) in Credit/(charge) in On account As at March 31, Carry forward losses ₹ 3,149 ₹ (1,287 ) ₹ 182 ₹ — ₹ 2,044 Trade payables, accrued expenses and other liabilities 3,713 1,033 248 — 4,994 Allowances for lifetime expected credit loss 4,521 (591 ) (9 ) — 3,921 Minimum alternate tax — 3,425 — — 3,425 Property, plant and equipment (1,840 ) 1,150 4 — (686 ) Amortizable goodwill (1,899 ) (92 ) (175 ) — (2,166 ) Intangible assets (2,295 ) 1,021 (90 ) (177 ) (1,541 ) Interest income and fair value movement of investments (1,455 ) 599 230 — (626 ) Cash flow hedges (604 ) — 1,165 — 561 Contract liabilities (289 ) 285 (7 ) — (11 ) SEZ Re-investment Reserve (1,132 ) (5,482 ) — — (6,614 ) Others 318 (536 ) 97 — (121 ) Total ₹ 2,187 ₹ (475 ) ₹ 1,645 ₹ (177 ) ₹ 3,180 Movement during the year ended March 31, 2021 As at April 1, Credit/(charge) in Credit/(charge) in Others As at March 31, Carry forward losses ₹ 2,044 ₹ (230 ) ₹ (22 ) ₹ (155 ) ₹ 1,637 Trade payables, accrued expenses and other liabilities 4,994 279 (171 ) 13 5,115 Allowances for lifetime expected credit loss 3,921 (734 ) 21 — 3,208 Minimum alternate tax 3,425 (3,425 ) — — — Property, plant and equipment (686 ) (649 ) 66 1 (1,268 ) Amortizable goodwill (2,166 ) 34 67 — (2,065 ) Intangible assets (1,541 ) 759 (55 ) (412 ) (1,249 ) Interest income and fair value movement of investments (626 ) (730 ) (226 ) — (1,582 ) Cash flow hedges 561 — (1,013 ) — (452 ) Contract asset / (Contract liabilities) (11 ) 101 4 (3 ) 91 SEZ Re-investment Reserve (6,614 ) 120 — — (6,494 ) Others (121 ) 195 16 — 90 Total ₹ 3,180 ₹ (4,280 ) ₹ (1,313 ) ₹ (556 ) ₹ (2,969 ) * Includes impact of foreign currency translation. |
Additional capital disclosures
Additional capital disclosures (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Capital Structure | The capital structure as at March 31, 2020 and 2021 was as follows: As at March 31, 2020 2021 % Change Equity attributable to the equity shareholders of the Company ₹ 557,458 ₹ 553,095 -0.78 % As percentage of total capital 85 % 84 % Current loans, borrowings and bank overdrafts 73,202 75,874 Long-term loans and borrowings 4,840 7,458 Lease liabilities 19,198 21,182 Total loans, borrowings and bank overdrafts and lease liabilities ₹ 97,240 ₹ 104,514 7.48 % As percentage of total capital 15 % 16 % Total capital ₹ 654,698 ₹ 657,609 0.44 % |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Schedule of Disaggregation of Revenues | Information on disaggregation of revenues for the year ended March 31, 2019 is as follows: IT Services Americas 1 Americas 2 Europe APMEA Total IT Products ISRE Total A. Revenue Rendering of services ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ — ₹ 7,932 ₹ 571,365 Sale of products — — — — — 14,480 — 14,480 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 B. Revenue by sector Banking, Financial Services and Insurance ₹ 1,874 ₹ 98,130 ₹ 55,180 ₹ 18,332 ₹ 173,516 Health 60,162 88 9,968 3,786 74,004 Consumer 59,991 1,686 15,878 11,244 88,799 Communications 6,995 612 7,619 17,272 32,498 Energy, Natural Resources and Utilities 601 24,234 28,521 18,996 72,352 Manufacturing 387 21,980 19,869 3,920 46,156 Technology 33,552 20,462 19,137 2,957 76,108 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 C. Revenue by nature of contract Fixed price and volume based ₹ 94,787 ₹ 98,496 ₹ 100,023 ₹ 50,600 ₹ 343,906 ₹ — ₹ 6,142 ₹ 350,048 Time and materials 68,775 68,696 56,149 25,907 219,527 — 1,790 221,317 Products — — — — — 14,480 — 14,480 ₹ 163,562 ₹ 167,192 ₹ 156,172 ₹ 76,507 ₹ 563,433 ₹ 14,480 ₹ 7,932 ₹ 585,845 Information on disaggregation of revenues for the year ended March 31, 2020 is as follows: IT Services IT Products ISRE Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ — ₹ 7,950 ₹ 598,550 Sale of products — — — — — 11,682 — 11,682 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,151 ₹ 106,694 ₹ 53,869 ₹ 20,659 ₹ 183,373 Health 63,435 105 10,090 4,167 77,797 Consumer 67,980 2,054 16,030 10,448 96,512 Communications 8,061 1,048 7,753 16,794 33,656 Energy, Natural Resources and Utilities 418 26,024 29,854 19,661 75,957 Manufacturing 349 23,548 20,324 3,639 47,860 Technology 32,924 20,931 18,678 2,912 75,445 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 C. Revenue by nature of contract Fixed price and volume based ₹ 96,876 ₹ 108,665 ₹ 104,165 ₹ 53,220 ₹ 362,926 ₹ — ₹ 6,404 ₹ 369,330 Time and materials 78,442 71,739 52,433 25,060 227,674 — 1,546 229,220 Products — — — — — 11,682 — 11,682 ₹ 175,318 ₹ 180,404 ₹ 156,598 ₹ 78,280 ₹ 590,600 ₹ 11,682 ₹ 7,950 ₹ 610,232 Information on disaggregation of revenues for the year ended March 31, 2021 is as follows: IT Services IT Products ISRE Total Americas 1 Americas 2 Europe APMEA Total A. Revenue Rendering of services ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ — ₹ 8,912 ₹ 611,767 Sale of products — — — — — 7,663 — 7,663 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 B. Revenue by sector Banking, Financial Services and Insurance ₹ 2,609 ₹ 103,040 ₹ 56,275 ₹ 23,228 ₹ 185,152 Health 64,397 18 12,390 4,789 81,594 Consumer 68,258 2,306 17,731 10,544 98,839 Communications 6,252 1,112 8,247 15,512 31,123 Energy, Natural Resources and Utilities 426 27,405 31,271 19,717 78,819 Manufacturing 265 23,350 22,339 3,024 48,978 Technology 35,180 21,689 16,245 5,236 78,350 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 C. Revenue by nature of contract Fixed price and volume based ₹ 98,868 ₹ 110,143 ₹ 108,591 ₹ 54,519 ₹ 372,121 ₹ — ₹ 7,166 ₹ 379,287 Time and materials 78,519 68,777 55,907 27,531 230,734 — 1,746 232,480 Products — — — — — 7,663 — 7,663 ₹ 177,387 ₹ 178,920 ₹ 164,498 ₹ 82,050 ₹ 602,855 ₹ 7,663 ₹ 8,912 ₹ 619,430 |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Expenses by Nature | Year ended March 31, 2019 2020 2021 Employee compensation ₹ 299,774 ₹ 326,571 ₹ 332,371 Sub-contracting/ technical fees 94,725 90,521 83,609 Cost of hardware and software 13,567 11,491 7,684 Travel 17,768 18,169 5,258 Facility expenses 22,213 19,733 20,255 Depreciation, amortization and impairment* 19,474 20,862 27,656 Communication 4,561 4,812 6,069 Legal and professional fees 4,361 4,733 5,561 Rates, taxes and insurance 1,621 3,004 3,475 Marketing and brand building 2,714 2,532 1,011 Lifetime expected credit loss 980 1,043 1,506 Miscellaneous expenses** 11,736 5,344 4,836 Total cost of revenues, selling and marketing expenses and general and administrative expenses ₹ 493,494 ₹ 508,815 ₹ 499,291 * Depreciation, amortization, and impairment includes impairment charge on certain software platforms, capital work-in-progress, property, plant and equipment and intangible assets amounting to ₹ ₹ ** Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ ₹ |
Other operating income_(loss)_2
Other operating income/(loss), net (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
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 consideration (net of disposal costs of ₹ ₹ 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 consideration ₹ 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 expenses (Tables)
Finance expenses (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Finance Expense | Year ended March 31, 2019 2020 2021 Interest expense ₹ 5,616 ₹ 5,136 ₹ 4,298 Exchange fluctuation on foreign currency borrowings, net 1,759 2,192 790 ₹ 7,375 ₹ 7,328 ₹ 5,088 |
Finance and other income and _2
Finance and other income and Foreign exchange gains/(losses), net (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Finance and Other Income and Foreign Exchange Gains/(Losses), Net | Year ended March 31, 2019 2020 2021 Interest income ₹ 20,261 ₹ 21,764 ₹ 18,442 Dividend income 361 367 4 Net gain from investments classified as FVTPL 1,990 1,275 1,478 Net gain from investments classified as FVTOCI 311 675 988 Finance and other income ₹ 22,923 ₹ 24,081 ₹ 20,912 Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL 1,251 2,144 4,383 Other foreign exchange gains/(losses), net 1,964 1,025 (1,388 ) Foreign exchange gains/(losses), net ₹ 3,215 ₹ 3,169 ₹ 2,995 ₹ 26,138 ₹ 27,250 ₹ 23,907 |
Earnings per equity share (Tabl
Earnings per equity share (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Earnings Per Equity Share | Year ended March 31, 2019 2020 2021 Profit attributable to equity holders of the Company ₹ 90,031 ₹ 97,218 ₹ 107,946 Weighted average number of equity shares outstanding 6,007,376,837 5,833,384,018 5,649,265,885 Basic earnings per share ₹ 14.99 ₹ 16.67 ₹ 19.11 Year ended March 31, 2019 2020 2021 Profit attributable to equity holders of the Company ₹ 90,031 ₹ 97,218 ₹ 107,946 Weighted average number of equity shares outstanding 6,007,376,837 5,833,384,018 5,649,265,885 Effect of dilutive equivalent share options 14,927,530 14,439,221 12,391,937 Weighted average number of equity shares for diluted earnings per share 6,022,304,367 5,847,823,239 5,661,657,822 Diluted earnings per share ₹ 14.95 ₹ 16.62 ₹ 19.07 |
Employee stock incentive plans
Employee stock incentive plans (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
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 Range of exercise 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 |
Summary of General Terms of Grants Under Stock Option Plans and Restricted Stock Unit Option Plans | The activity in equity-settled stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2019 2020 2021 Range of exercise Numbers of options Outstanding at the beginning of the year ₹ 2 13,543,997 17,607,463 15,594,190 US $ 0.03 10,199,054 14,446,790 7,854,540 Bonus on outstanding (Refer to Note 22) ₹ 2 4,773,755 — — US $ 0.03 3,957,434 — — Granted * ₹ 2 4,607,000 5,662,500 6,275,290 US $ 0.03 4,849,000 5,341,000 5,033,648 Exercised ₹ 2 (2,739,097 ) (4,610,572 ) (3,356,199 ) US $ 0.03 (1,541,803 ) (2,496,125 ) (3,269,832 ) Modification** ₹ 2 — — — US $ 0.03 — (5,681,966 ) 3,453,015 Forfeited and expired ₹ 2 (2,578,192 ) (3,065,201 ) (2,681,333 ) US $ 0.03 (3,016,895 ) (3,755,159 ) (2,248,895 ) Outstanding at the end of the year ₹ 2 17,607,463 15,594,190 15,831,948 US $ 0.03 14,446,790 7,854,540 10,822,476 Exercisable at the end of the year ₹ 2 1,300,781 1,502,957 2,679,538 US $ 0.03 948,877 1,212,560 465,603 |
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, 2019 2020 2021 Range of exercise price and Weighted average exercise price Number of options Weighted Average Number of options Weighted Average Number of options Weighted Average ₹ 17,607,463 24 15,594,190 23 15,831,948 18 US $ 0.03 14,446,790 26 7,854,540 23 10,822,476 19 |
Disclosure Of Activities In Cash Settled Stock Option Plans And Restricted Stock Unit Option Plan Explanatory [Text Block] | The activity in cash-settled stock option plans and restricted stock unit option plan is summarized below: Year ended March 31, 2020 2021 Number of options Outstanding at the beginning of the year — 4,721,388 Modification** 5,681,966 (3,453,015 ) Exercised (429,909 ) (845,066 ) Forfeited and lapsed (530,669 ) (345,108 ) Outstanding at the end of the year 4,721,388 78,199 Exercisable at the end of the year 63,999 23,999 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Statement [LineItems] | |
Summary of Employee Costs | a) Employee costs includes Year ended March 31, 2019 2020 2021 Salaries and bonus ₹ 289,005 ₹ 315,036 ₹ 318,043 Employee benefits plans Gratuity and other defined benefit plans 1,459 1,845 2,085 Defined contribution plans 7,372 8,428 9,346 Share-based compensation* 1,938 1,262 2,897 ₹ 299,774 ₹ 326,571 ₹ 332,371 * Includes ₹ The employee benefit cost is recognized in the following line items in the consolidated statement of income: Year ended March 31, 2019 2020 2021 Cost of revenues ₹ 251,818 ₹ 279,356 ₹ 282,983 Selling and marketing expenses 30,972 30,763 31,236 General and administrative expenses 16,984 16,452 18,152 ₹ 299,774 ₹ 326,571 ₹ 332,371 |
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, 2019 2020 2021 Re-measurement of net defined benefit liability/(asset) Return on plan assets excluding interest income—Loss/(Gain) ₹ (49 ) ₹ 76 ₹ (578 ) Actuarial loss/(gain) arising from financial assumptions 73 749 423 Actuarial loss/(gain) arising from demographic assumptions (40 ) 227 155 Actuarial loss/(gain) arising from experience adjustments (266 ) 194 (334 ) ₹ (282 ) ₹ 1,246 ₹ (334 ) |
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, 2019 2020 2021 Current service cost ₹ 1,434 ₹ 1,782 ₹ 2,085 Net interest on net defined benefit liability/(asset) 25 63 131 Net charge to statement of income 1,459 1,845 2,216 Actual return on plan assets ₹ 607 ₹ 513 ₹ 1,127 |
Summary of Change in Present Value of Defined Obligation and Plan Assets | As at March 31, 2020 2021 Defined benefit obligation at the beginning of the year ₹ 10,485 ₹ 13,465 Acquisitions 229 7 Current service cost 1,782 2,085 Interest on obligation 652 681 Benefits paid (1,123 ) (1,069 ) Remeasurement loss/(gains) Actuarial loss/(gain) arising from financial assumptions 749 423 Actuarial loss/(gain) arising from demographic assumptions 227 155 Actuarial loss/(gain) arising from experience adjustments 194 (334 ) Translation adjustment 270 62 Defined benefit obligation at the end of the year ₹ 13,465 ₹ 15,475 Change in plan assets is summarized below: As at March 31, 2020 2021 Fair value of plan assets at the beginning of the year ₹ 9,443 ₹ 10,535 Acquisitions 58 — Expected return on plan assets 589 550 Employer contributions 383 1,993 Benefits paid (95 ) (76 ) Remeasurement (loss)/gains Return on plan assets excluding interest income—(loss)/gain (76 ) 578 Translation adjustment 233 57 Fair value of plan assets at the end of the year ₹ 10,535 ₹ 13,637 Present value of unfunded obligation ₹ (2,930 ) ₹ (1,838 ) Recognized asset/(liability) ₹ (2,930 ) ₹ (1,838 ) |
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, 2020 2021 Discount rate 5.05 % 4.69 % Expected return on plan assets 5.05 % 4.69 % Expected rate of salary increase 6.60 % 6.57 % Duration of defined benefit obligations 9 years 9 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, 2022 ₹ 1,787 Estimated benefit payments from the fund for the year ending March 31: 2022 ₹ 1,802 2023 1,417 2024 1,406 2025 1,385 2026 1,361 Thereafter 15,915 Total ₹ 23,286 |
Summary of Fund and Plan Assets of Provident Fund | The details of fund and plan assets are given below: As at March 31, 2020 2021 Fair value of plan assets ₹ 61,397 ₹ 71,196 Present value of defined benefit obligation (61,397 ) (71,196 ) 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, 2020 2021 Discount rate for the term of the obligation 6.05 % 5.80 % Average remaining tenure of investment portfolio 7 years 6 years Guaranteed rate of return 8.50 % 8.50 % |
Related party relationship an_2
Related party relationship and transactions (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Subsidiaries and Associates | List of subsidiaries and associates as at March 31, 2021, are provided in the table below: Subsidiaries Subsidiaries Subsidiaries Country of Wipro, LLC USA Wipro Gallagher Solutions, LLC USA Wipro Opus Mortgage Solutions LLC (formerly known as 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 Wipro Appirio, Inc. (formerly known as Appirio, Inc) ** USA Designit North America, Inc. (formerly known as Cooper Software Inc.) USA Infocrossing, LLC USA Wipro US Foundation USA International TechneGroup Incorporated ** USA Wipro Designit Services, Inc. (Formerly known as Rational Interaction, Inc) ** USA Wipro VLSI Design Services, LLC (formerly known as Eximius Design, LLC) 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. 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 Designit Spain Digital, S.L. ** Spain 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 4C NV (formerly known as 4C NV) Belgium Wipro 4C Danmark ApS (formerly known as 4C Danmark ApS) Denmark 4C Nederland B.V Netherlands Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) ** U.K. Wipro 4C Consulting France SAS (formerly known as 4C Consulting France) France Wipro IT Services UK Societas U.K. Wipro Doha LLC # Qatar Wipro Technologies SA DE CV Mexico Wipro Philippines, Inc. Philippines Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary Wipro Information Technology Egypt SAE Egypt Wipro Arabia Co. Limited * Saudi Women’s Business Park Technologies Limited * Saudi 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 Wipro Technologies Nigeria Limited Nigeria Wipro IT Service Ukraine, LLC Ukraine Wipro Information Technology Netherlands BV. Netherlands Wipro Portugal S.A. ** Portugal 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 SAC Peru Wipro do Brasil Servicos de Tecnologia Ltda Brazil Wipro do Brasil Technologia Ltda ** Brazil Wipro Technologies SA Argentina Wipro Technologies SRL Romania PT. WT Indonesia Indonesia Wipro (Thailand) Co. Limited Thailand Wipro Bahrain Limited Co. W.L.L (formerly known as Wipro Bahrain Limited Co. S.P.C.) Bahrain Wipro Gulf LLC Sultanate Rainbow Software LLC Iraq Wipro Networks Pte Limited Singapore Wipro (Dalian) Limited China Wipro Technologies SDN BHD Malaysia Wipro Chengdu Limited China Wipro IT Services Bangladesh Limited Bangladesh Wipro HR Services India Private Limited India Encore Theme Technologies Private Limited * India Eximius Design India Private Limited India * All the above direct subsidiaries are 100% held by the Company except that the Company holds 83.4% of the equity securities of Encore Theme Technologies Private Limited, 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. The remaining 16.6% equity securities of Encore Theme Technologies Private Limited will be acquired subject to and after receipt of certain regulatory approvals/confirmations. # 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 and Wipro Foundation in India. ** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit Spain Digital, S.L, HealthPlan Services, Inc, International TechneGroup Incorporated, Wipro Appirio, Inc. (formerly known as Appirio, Inc), Wipro Designit Services, Inc (formerly known as Rational Interaction, Inc) and Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) are as follows: Subsidiaries Subsidiaries Subsidiaries Country of Wipro Portugal S.A. Portugal Wipro Technologies GmbH Germany Wipro IT Services Austria GmbH (formerly known as Cellent GmbH) Austria Wipro do Brasil Technologia Ltda Brazil Wipro Do Brasil Sistemetas De Informatica Ltd Brazil Wipro do Brasil Servicos Ltda (formerly known as IVIA Serviços De Informática ltda) Brazil Designit Spain Digital, S.L. Spain Designit Colombia S A S Colombia Designit Peru SAC Peru HealthPlan Services, Inc. USA HealthPlan Services Insurance Agency, LLC USA International TechneGroup Incorporated USA International TechneGroup Ltd. U.K. ITI Proficiency Ltd Israel International TechneGroup S.R.L. Italy MechWorks S.R.L. Italy Wipro Appirio, Inc. (formerly known as Appirio, Inc) USA Appirio, K.K Japan Topcoder, LLC. USA Wipro Appirio (Ireland) Limited (formerly known as Appirio Ltd) Ireland Wipro Appirio UK Limited (formerly known as Appirio Ltd (UK)) U.K. Wipro Designit Services, Inc (formerly known as Rational Interaction, Inc) USA Rational Consulting Australia Pty Ltd Australia Wipro Designit Services Limited (formerly known as Rational Interaction Limited) Ireland Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) U.K. CloudSocius DMCC UAE As at March 31, 2021 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, 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 Rishad A. Premji Chairman Thierry Delaporte Chief Executive Officer and Managing Director (i) Abidali Z. Neemuchwala Chief Executive Officer and Managing Director (ii) Azim H. Premji Non-Executive Non-Independent Director (iii) William Arthur Owens Non-Executive Director M.K. Sharma Non-Executive Director Ireena Vittal Non-Executive Director Dr. Patrick J. Ennis Non-Executive Director Patrick Dupuis Non-Executive Director Arundhati Bhattacharya Non-Executive Director (iv) Deepak M. Satwalekar Non-Executive Director (v) Jatin Pravinchandra Dalal Chief Financial Officer (i) Mr. Thierry Delaporte was appointed as Chief Executive Officer and Managing Director of the Company with effect from July 6, 2020 for a period of five years. (ii) Mr. Abidali Z. Neemuchwala resigned as the Chief Executive Officer and Managing Director of the Company with effect from the end of the day on June 1, 2020. (iii) Mr. Azim H. Premji is the ultimate controlling party. (iv) Ms. Arundhati Bhattacharya resigned as Non- Executive Director with effect from close of business hours on June 30, 2020. (v) Mr. Deepak M. Satwalekar was appointed as Non- Executive Director with effect from July 1, 2020 for a term of five years. Relatives of key management personnel: —Yasmeen A. Premji —Tariq A. Premji |
Summary of Related Party Transactions | The Company has the following related party transactions: Entities controlled by Directors Key Management Transactions / balances 2019 2020 2021 2019 2020 2021 Sale of goods and services ₹ 102 ₹ 43 ₹ 171 ₹ — ₹ — ₹ — Assets purchased 240 741 423 — — — Dividend 3,171 3,987 3,760 191 243 242 Buyback of shares — 69,392 91,562 — 4,076 — Rental income 43 45 50 — — — Rent Paid 8 2 2 5 9 7 Others 63 119 44 — — — Key management personnel Remuneration and short-term benefits ₹ — ₹ — ₹ — ₹ 341 ₹ 354 ₹ 741 Other benefits — — — 173 178 231 Balance as at the year end Receivables ₹ 132 ₹ 94 ₹ 241 ₹ — ₹ — ₹ — Payables 8 23 — 155 166 333 * Post-employment benefits comprising compensated absences is not disclosed, as these are determined for the Company as a whole. Benefits includes the prorated value of RSU granted to the personnel, which vest over a period. Other benefits include share-based compensation ₹ ₹ ₹ |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
Text block [abstract] | |
Summary of Information on Reportable Segments | Information on reportable segments for the year ended March 31, 2019 is as follows: IT Services IT Products ISRE Reconciling Items Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 164,321 ₹ 168,264 ₹ 157,165 ₹ 76,907 ₹ 566,657 ₹ 14,480 ₹ 7,932 ₹ (9 ) ₹ 589,060 Other operating income/(loss), net — — — — 4,344 — — — 4,344 Segment Result 23,020 29,612 31,550 9,421 93,603 (1,038 ) (1,892 ) 418 91,091 Unallocated 4,475 — — — 4,475 Segment Result Total ₹ 102,422 ₹ (1,038 ) ₹ (1,892 ) ₹ 418 ₹ 99,910 Finance expense (7,375 ) Finance and other income 22,923 Share of net profit/(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 Information on reportable segments for the year ended March 31, 2020 is as follows: IT Services IT Products ISRE Reconciling Total Americas 1 Americas 2 Europe APMEA Total Items Revenue ₹ 176,115 ₹ 181,481 ₹ 157,526 ₹ 78,676 ₹ 593,798 ₹ 11,657 ₹ 7,950 ₹ (4 ) ₹ 613,401 Other operating income/(loss), net — — — — 1,144 — — — 1,144 Segment Result 27,289 34,341 27,617 9,550 98,797 (323 ) (1,849 ) 229 96,854 Unallocated 7,732 — — — 7,732 Segment Result Total ₹ 107,673 ₹ (323 ) ₹ (1,849 ) ₹ 229 ₹ 105,730 Finance expense (7,328 ) Finance and other income 24,081 Share of net profit/(loss) of associates accounted for using the equity method 29 Profit before tax ₹ 122,512 Income tax expense (24,799 ) Profit for the year ₹ 97,713 Depreciation, amortization and impairment ₹ 20,862 Information on reportable segments for the year ended March 31, 2021 is as follows: IT Services IT Products ISRE Reconciling Total Americas 1 Americas 2 Europe APMEA Total Revenue ₹ 178,091 ₹ 179,821 ₹ 165,441 ₹ 82,462 ₹ 605,815 ₹ 7,685 ₹ 8,912 ₹ 13 ₹ 622,425 Other operating income/(loss), net — — — — (81 ) — — — (81 ) Segment Result 33,040 41,589 31,673 11,476 117,778 45 1,061 (903 ) 117,981 Unallocated 5,153 — — — 5,153 Segment Result Total ₹ 122,850 ₹ 45 ₹ 1,061 ₹ (903 ) ₹ 123,053 Finance expense (5,088 ) Finance and other income 20,912 Share of net profit/(loss) of associates accounted for using the equity method 130 Profit before tax ₹ 139,007 Income tax expense (30,345 ) Profit for the year ₹ 108,662 Depreciation, amortization and impairment ₹ 27,656 |
Disclosure of Contribution of Revenue More than 10% from Geographical Areas | Revenues from United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below: Year ended March 31, 2019 2020 2021 United States of America ₹ 315,301 ₹ 338,490 ₹ 336,009 United Kingdom 59,568 65,258 67,852 ₹ 374,869 ₹ 403,748 ₹ 403,861 |
Basis of Preparation of Conso_2
Basis of Preparation of Consolidated Financial Statements - Additional Information (Detail) | Mar. 31, 2021 |
Foreign exchange rates [abstract] | |
Convenience translation Rate | 73.14 |
Significant Accounting Polici_4
Significant Accounting Policies - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions, $ in Millions | Apr. 01, 2019INR (₨) | Apr. 01, 2018INR (₨) | Mar. 31, 2021INR (₨)Vote₨ / sharesshares | Mar. 31, 2019INR (₨)₨ / sharesshares | Mar. 31, 2021USD ($)shares | Mar. 31, 2020INR (₨)shares | Mar. 08, 2019₨ / shares | |
Disclosure of classes of share capital [line items] | ||||||||
Authorized share capital | ₨ 25,274 | |||||||
Par value per share | ₨ / shares | ₨ 2 | ₨ 2 | ||||||
Number of vote | Vote | 1 | |||||||
Undistributed earnings after taxes not freely available for distribution- Capital Reserve | ₨ 41,154 | $ 563 | ₨ 43,804 | |||||
Capital redemption reserve | 1,122 | 647 | ||||||
Weighted average discount rate on lease liabilities | 5.70% | |||||||
Right-of-use assets | ₨ 13,630 | 16,420 | $ 225 | 16,748 | ||||
Lease liability | 15,379 | 21,182 | 19,198 | |||||
Reclassified from property plant and equipment to right of use assets | 1,243 | |||||||
Reclassification of finance lease to lease liabilities | 2,002 | |||||||
Finance lease liability noncurrent | 496 | |||||||
Finance lease liability current | 1,506 | |||||||
Reclassification of prepaid rent on leasehold land and other assets to right of use assets | 2,222 | |||||||
Reversal of lease liability to consolidated statement of income on account of Amendment to IFRS 16 | 61 | |||||||
IFRS Sixteen [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Net deferred tax assets | 138 | |||||||
Reduction of retained earnings | 872 | |||||||
Gross carrying amount [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Right-of-use assets | 25,770 | ₨ 17,095 | 22,689 | |||||
Reclassified from property plant and equipment to right of use assets | 3,420 | |||||||
Accumulated depreciation and amortisation [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Reclassified from property plant and equipment to right of use assets | ₨ 2,177 | |||||||
Increase (decrease) due to application of IFRS 15 [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Reduction in opening retained earnings on adoption of IFRS 15 | ₨ 2,279 | 2,279 | [1] | |||||
Special economic zone re-investment reserve [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Undistributed earnings after taxes not freely available for distribution- Capital Reserve | ₨ 1,139 | ₨ 1,139 | ₨ 1,139 | |||||
Bottom of range [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Percentage of voting power of another entity | 20.00% | |||||||
Top of range [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Percentage of voting power of another entity | 50.00% | |||||||
Treasury shares [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Treasury shares held | shares | 19,401,215 | 27,353,853 | 19,401,215 | 22,746,081 | ||||
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 | ||||||
Par value per share | ₨ / shares | ₨ 10 | |||||||
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 | |||||||
[1] | Refer to Note 3 |
Significant Accounting Polici_5
Significant Accounting Policies - Summary of Estimated Useful Lives of Assets (Detail) | 12 Months Ended |
Mar. 31, 2021 | |
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 equipment [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 equipment [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 Amortizable Intangible Assets (Detail) | 12 Months Ended |
Mar. 31, 2021 | |
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 | 9 months |
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 | 10 years |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Apr. 01, 2019INR (₨) | ||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | ₨ 81,120 | ||||
Capital work-in-progress | 19,309 | ₨ 20,348 | |||
Ending balance | 85,192 | $ 1,165 | 81,120 | ||
Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 161,644 | 141,006 | |||
Reclassified on adoption of IFRS 16 | ₨ (3,420) | ||||
Translation adjustment | 432 | 1,654 | |||
Additions | 20,005 | 26,254 | |||
Additions through Business combinations | 84 | 429 | |||
Disposals | (6,971) | (4,279) | |||
Ending balance | 175,194 | 161,644 | |||
Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 137,586 | ||||
Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 100,872 | 93,178 | |||
Reclassified on adoption of IFRS 16 | (2,177) | ||||
Translation adjustment | 217 | 1,187 | |||
Depreciation and impairment | [1],[2] | 14,529 | 11,678 | ||
Disposals | (6,307) | (2,994) | |||
Ending balance | 109,311 | 100,872 | |||
Accumulated depreciation and amortisation [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 91,001 | ||||
Land [member] | Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 3,761 | 3,697 | |||
Translation adjustment | 5 | 9 | |||
Additions | 107 | 55 | |||
Disposals | (58) | ||||
Ending balance | 3,815 | 3,761 | |||
Land [member] | Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 3,697 | ||||
Buildings [member] | Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 36,510 | 27,490 | |||
Translation adjustment | 100 | 84 | |||
Additions | 3,569 | 9,130 | |||
Additions through Business combinations | 5 | ||||
Disposals | (765) | (199) | |||
Ending balance | 39,414 | 36,510 | |||
Buildings [member] | Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 27,490 | ||||
Buildings [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 7,948 | 6,715 | |||
Translation adjustment | 32 | 32 | |||
Depreciation and impairment | [1] | 1,500 | 1,319 | ||
Disposals | (695) | (118) | |||
Ending balance | 8,785 | 7,948 | |||
Buildings [member] | Accumulated depreciation and amortisation [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 6,715 | ||||
Plant and equipment [member] | Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | [2] | 100,695 | 92,366 | ||
Reclassified on adoption of IFRS 16 | [2] | (3,420) | |||
Translation adjustment | [2] | 303 | 1,437 | ||
Additions | [2] | 14,362 | 13,571 | ||
Additions through Business combinations | [2] | 27 | 417 | ||
Disposals | [2] | (4,532) | (3,676) | ||
Ending balance | [2] | 110,855 | 100,695 | ||
Plant and equipment [member] | Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | [2] | 88,946 | |||
Plant and equipment [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | [2] | 78,056 | 73,188 | ||
Reclassified on adoption of IFRS 16 | [2] | ₨ (2,177) | |||
Translation adjustment | [2] | 174 | 1,066 | ||
Depreciation and impairment | [1] | 11,123 | 8,628 | ||
Disposals | [2] | (4,313) | (2,649) | ||
Ending balance | [2] | 85,040 | 78,056 | ||
Plant and equipment [member] | Accumulated depreciation and amortisation [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | [2] | 71,011 | |||
Furniture fixtures and equipment [member] | Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 19,870 | 16,505 | |||
Translation adjustment | 25 | 129 | |||
Additions | 1,958 | 3,487 | |||
Additions through Business combinations | 57 | 7 | |||
Disposals | (1,218) | (258) | |||
Ending balance | 20,692 | 19,870 | |||
Furniture fixtures and equipment [member] | Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 16,505 | ||||
Furniture fixtures and equipment [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 14,141 | 12,593 | |||
Translation adjustment | 11 | 91 | |||
Depreciation and impairment | [1] | 1,845 | 1,556 | ||
Disposals | (908) | (99) | |||
Ending balance | 15,089 | 14,141 | |||
Furniture fixtures and equipment [member] | Accumulated depreciation and amortisation [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 12,593 | ||||
Vehicles [member] | Gross carrying value [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 808 | 948 | |||
Translation adjustment | (1) | (5) | |||
Additions | 9 | 11 | |||
Disposals | (398) | (146) | |||
Ending balance | 418 | 808 | |||
Vehicles [member] | Gross carrying value [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 948 | ||||
Vehicles [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | 727 | 682 | |||
Translation adjustment | (2) | ||||
Depreciation and impairment | [1] | 61 | 175 | ||
Disposals | (391) | (128) | |||
Ending balance | ₨ 397 | 727 | |||
Vehicles [member] | Accumulated depreciation and amortisation [member] | Adjustment On Adoption Of IFRS Sixteen [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Beginning balance | ₨ 682 | ||||
[1] | Includes impairment charge on certain software platforms amounting to ₹ 1,480, Nil and ₹ 285 for the year ended March 31, 2019, 2020 and 2021, respectively. | ||||
[2] | Including net carrying value of computer equipment and software amounting to ₹ 16,844 and ₹ 18,508, as at March 31, 2020 and 2021, respectively. |
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, 2021INR (₨) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | Mar. 31, 2021USD ($) | |
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Net carrying value | ₨ 85,192 | ₨ 81,120 | $ 1,165 | |
Computer equipment and software [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Net carrying value | 18,508 | 16,844 | ||
Software platform [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Impairment charges | ₨ 285 | ₨ 0 | ₨ 1,480 |
Right-of-Use assets - Summary o
Right-of-Use assets - Summary of right of use assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | ₨ 16,748 | |||
Ending balance | 16,420 | $ 225 | ₨ 16,748 | |
Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 22,689 | 17,095 | ||
Additions | 6,334 | 4,949 | ||
Additions through Business combinations | 436 | 364 | ||
Disposals | (3,760) | (147) | ||
Translation adjustment | 71 | 428 | ||
Ending balance | 25,770 | 22,689 | ||
Gross carrying amount [member] | Land [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 2,003 | 2,003 | ||
Additions | 79 | |||
Ending balance | 2,082 | 2,003 | ||
Gross carrying amount [member] | Buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 15,624 | 11,502 | ||
Additions | 5,323 | 3,520 | ||
Additions through Business combinations | 352 | 364 | ||
Disposals | (2,503) | (41) | ||
Translation adjustment | 48 | 279 | ||
Ending balance | 18,844 | 15,624 | ||
Gross carrying amount [member] | Plant and equipment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | [1] | 4,236 | 2,941 | |
Additions | [1] | 770 | 1,210 | |
Disposals | [1] | (1,103) | (47) | |
Translation adjustment | [1] | 15 | 132 | |
Ending balance | [1] | 3,918 | 4,236 | |
Gross carrying amount [member] | Vehicles [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 826 | 649 | ||
Additions | 162 | 219 | ||
Additions through Business combinations | 84 | |||
Disposals | (154) | (59) | ||
Translation adjustment | 8 | 17 | ||
Ending balance | 926 | 826 | ||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 5,941 | |||
Disposals | (2,845) | (75) | ||
Depreciation | 6,265 | 5,911 | ||
Translation adjustment | (11) | 105 | ||
Ending balance | 9,350 | 5,941 | ||
Accumulated depreciation and amortisation [member] | Land [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 27 | |||
Depreciation | 28 | 27 | ||
Ending balance | 55 | 27 | ||
Accumulated depreciation and amortisation [member] | Buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 3,928 | |||
Disposals | (1,703) | (18) | ||
Depreciation | 4,487 | 3,884 | ||
Translation adjustment | (9) | 62 | ||
Ending balance | 6,703 | 3,928 | ||
Accumulated depreciation and amortisation [member] | Plant and equipment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | [1] | 1,721 | ||
Disposals | [1] | (1,023) | (47) | |
Depreciation | [1] | 1,465 | 1,731 | |
Translation adjustment | [1] | (6) | 37 | |
Ending balance | [1] | 2,157 | 1,721 | |
Accumulated depreciation and amortisation [member] | Vehicles [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Beginning balance | 265 | |||
Disposals | (119) | (10) | ||
Depreciation | 285 | 269 | ||
Translation adjustment | 4 | 6 | ||
Ending balance | ₨ 435 | ₨ 265 | ||
[1] | Includes computer equipment. |
Right-of-Use assets - Summary_2
Right-of-Use assets - Summary of Lease Expenses (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of quantitative information about right-of-use assets [abstract] | ||
Interest expenses on lease liabilities | ₨ 798 | ₨ 914 |
Rent expense pertaining to leases of low-value assets recognized under facility expenses | 53 | 44 |
Rent expense pertaining to leases with less than twelve months of lease term recognized under facility expenses | 1,876 | 2,085 |
Total | ₨ 2,727 | ₨ 3,043 |
Right-of-Use assets - Additiona
Right-of-Use assets - Additional information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lease commitments which have not yet commenced | ₨ 2,468 | ₨ 1,399 |
Bottom of range [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lessee operating lease term of contract | 2 years | |
Top of range [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lessee operating lease term of contract | 10 years |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
Reconciliation of changes in goodwill [abstract] | |||
Balance at the beginning of the year | ₨ 131,012 | ₨ 116,980 | |
Translation adjustment | (1,357) | 9,199 | |
Acquisition through business combinations* (Refer to Note 7) | 9,472 | 4,833 | |
Balance at the end of the year | ₨ 139,127 | $ 1,902 | ₨ 131,012 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets - Summary of Movement in Goodwill Balance (Parenthetical) (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2021INR (₨) | |
Reconciliation of changes in goodwill [abstract] | |
Change in purchase price allocations | ₨ (72) |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets - Additional Information (Detail) | 12 Months Ended | |
Mar. 31, 2021INR (₨)Segments | Mar. 31, 2020INR (₨)Segments | |
Disclosure of detailed information about intangible assets [line items] | ||
Number of operating segments | Segments | 3 | 3 |
Impairment of goodwill | ₨ | ₨ 0 | ₨ 0 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets - Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) |
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 139,127 | $ 1,902 | ₨ 131,012 | ₨ 116,980 |
Americas 1 [Member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 64,573 | 63,432 | ||
Americas 2 [Member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 34,038 | 32,392 | ||
Europe [Member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | 26,641 | 22,149 | ||
Asia Pacific Middle East Africa [Member] | ||||
Disclosure of information for cash-generating units [line items] | ||||
Goodwill | ₨ 13,875 | ₨ 13,039 |
Goodwill and Intangible Asset_6
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | ||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | ₨ 16,362 | |||
Ending balance | 13,085 | $ 179 | ₨ 16,362 | |
Gross carrying value [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 39,188 | 32,869 | ||
Translation adjustment | (215) | 1,413 | ||
Acquisition through business combinations (Refer to Note 7) | 3,288 | 4,906 | ||
Deductions/Adjustments | (14,324) | |||
Ending balance | 27,937 | 39,188 | ||
Accumulated amortization and impairment [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 22,826 | 19,107 | ||
Translation adjustment | (258) | 446 | ||
Amortization and impairment | [1] | 6,608 | 3,273 | |
Deductions/Adjustments | (14,324) | |||
Ending balance | 14,852 | 22,826 | ||
Customer related intangibles [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 14,592 | |||
Ending balance | 12,078 | 14,592 | ||
Customer related intangibles [member] | Gross carrying value [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 32,490 | 26,924 | ||
Translation adjustment | (56) | 1,031 | ||
Acquisition through business combinations (Refer to Note 7) | 2,460 | 4,535 | ||
Deductions/Adjustments | (8,568) | |||
Ending balance | 26,326 | 32,490 | ||
Customer related intangibles [member] | Accumulated amortization and impairment [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 17,898 | 15,345 | ||
Translation adjustment | (142) | 220 | ||
Amortization and impairment | [1] | 5,060 | 2,333 | |
Deductions/Adjustments | (8,568) | |||
Ending balance | 14,248 | 17,898 | ||
Marketing related intangibles [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 1,770 | |||
Ending balance | 1,007 | 1,770 | ||
Marketing related intangibles [member] | Gross carrying value [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 6,698 | 5,945 | ||
Translation adjustment | (159) | 382 | ||
Acquisition through business combinations (Refer to Note 7) | 828 | 371 | ||
Deductions/Adjustments | (5,756) | |||
Ending balance | 1,611 | 6,698 | ||
Marketing related intangibles [member] | Accumulated amortization and impairment [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Beginning balance | 4,928 | 3,762 | ||
Translation adjustment | (116) | 226 | ||
Amortization and impairment | [1] | 1,548 | 940 | |
Deductions/Adjustments | (5,756) | |||
Ending balance | ₨ 604 | ₨ 4,928 | ||
[1] | includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ 838, ₹ Nil and ₹ 1,879 for the year ended March 31, 2019, 2020 and 2021, respectively. During the year ended March 31, 2021, change in business strategy of a customer led to a significant decline in the revenue and earnings estimates, resulting in revision of recoverable value of customer-relationship intangible assets recognized on business combination. Further, the Company integrated certain brands acquired as part of a business combination, resulting in discontinuance of the acquired brands. Consequently, the Company has recognized impairment charge ₹ 1,879 for the year ended March 31, 2021 respectively, as part of amortization and impairment. Due to change in our estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ Nil, ₹ Nil and ₹ 795 for the year ended March 31, 2019, 2020 and 2021, respectively, as part of amortization and impairment. |
Goodwill and Intangible Asset_7
Goodwill and Intangible Assets - Summary of Movement in Intangible Assets (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of detailed information about intangible assets [line items] | |||
Impairment related to intangible recognized on acquisition | ₨ 1,879 | ₨ 0 | ₨ 838 |
Customer-related intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Impairment related to intangible recognized on acquisition | 1,879 | ||
Amortisation, intangible assets other than goodwill | ₨ 795 | ₨ 0 | ₨ 0 |
Goodwill and Intangible Asset_8
Goodwill and Intangible Assets - Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2021INR (₨)yr | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 13,085 |
ATCO I-Tek [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 0.33 |
Net carrying value | ₨ | ₨ 1,920 |
Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 1,888 |
Rational Interaction, Inc. [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 1,799 |
Eximius Design, LLC [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 1,701 |
4C NV [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 770 |
IVIA Serviços de Informática Ltda [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 4.42 |
Net carrying value | ₨ | ₨ 343 |
Appirio Inc [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 0.67 |
Net carrying value | ₨ | ₨ 302 |
Cellent AG [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 1.75 |
Net carrying value | ₨ | ₨ 289 |
International TechneGroup Incorporated [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 3.5 |
Net carrying value | ₨ | ₨ 287 |
Encore Theme Technologies Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | 161 |
Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Net carrying value | ₨ | ₨ 3,625 |
Bottom of range [member] | Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 5.5 |
Bottom of range [member] | Rational Interaction, Inc. [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 1.92 |
Bottom of range [member] | Eximius Design, LLC [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 0.75 |
Bottom of range [member] | 4C NV [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 0.83 |
Bottom of range [member] | Encore Theme Technologies Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 2.75 |
Bottom of range [member] | Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 0.25 |
Top of range [member] | Vara Infotech Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 8.5 |
Top of range [member] | Rational Interaction, Inc. [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 5.92 |
Top of range [member] | Eximius Design, LLC [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 6.42 |
Top of range [member] | 4C NV [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 4.42 |
Top of range [member] | Encore Theme Technologies Private Limited [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 4.75 |
Top of range [member] | Other [member] | |
Disclosure of intangible assets material to entity [line items] | |
Estimated Remaining amortization period | 11.25 |
Business Combination - Addition
Business Combination - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2021INR (₨) | Apr. 29, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of detailed information about business combination [line items] | |||||
Goodwill | ₨ 139,127 | $ 1,902 | ₨ 131,012 | ₨ 116,980 | |
Transaction costs related to business acquisition | 175 | ||||
Material acquisitions [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | 13,724 | 10,403 | |||
Cash and cash equivalents acquired | 1,000 | 324 | |||
Trade receivables acquired | 1,157 | 809 | |||
Goodwill | 9,544 | ₨ 81,406 | 4,761 | ||
Business combination total consideration cash and contingent payable | 13,724 | ||||
IVIA [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | 1,643 | ||||
ETT [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Undiscounted Fair Value Of Contingent Consideration | 215 | ||||
Discounted Fair Value Of Contingent Consideration | 196 | ||||
ETT [Member] | Maximum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | 305 | ||||
ETT [Member] | Minimum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | ₨ 0 | ||||
ETT [Member] | Discounted cash flow [member] | Eighteen Months ending March 31 2022 [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Fair value of earn-out liability, percent | 7.40% | 7.40% | |||
Eximius [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Undiscounted Fair Value Of Contingent Consideration | ₨ 1,695 | ||||
Discounted Fair Value Of Contingent Consideration | 1,637 | ||||
Eximius [Member] | Maximum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | 1,738 | ||||
Eximius [Member] | Minimum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | ₨ 0 | ||||
Eximius [Member] | Discounted cash flow [member] | Two years ending March31 2023 [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Fair value of earn-out liability, percent | 2.30% | 2.30% | |||
IVIA Servicos de Informatica Ltda [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Undiscounted Fair Value Of Contingent Consideration | ₨ 525 | ||||
Discounted Fair Value Of Contingent Consideration | 460 | ||||
IVIA Servicos de Informatica Ltda [Member] | Maximum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | 746 | ||||
IVIA Servicos de Informatica Ltda [Member] | Minimum [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Contingent consideration payable | ₨ 0 | ||||
IVIA Servicos de Informatica Ltda [Member] | Discounted cash flow [member] | Three years ending September30 2023 [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Fair value of earn-out liability, percent | 5.70% | 5.70% | |||
Encore Theme Technologies Private Limited [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | ₨ 841 | ||||
Eximius Design LLC and and Eximius Design India Private Limited [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | 5,972 | ||||
4C NV and its subsidiaries [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | ₨ 5,268 | ||||
Vara Infotech Private Limited [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | 3,289 | ||||
International TechneGroup Incorporated [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | 3,283 | ||||
Rational Interaction Inc [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Total consideration | ₨ 3,831 | ||||
CAPCO And Its Subsidiaries [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Percentage of voting interest acquired | 100.00% | ||||
Consideration in cash | ₨ 108,760 |
Business Combination - Schedule
Business Combination - Schedule of Allocation of Purchase Price for Business Combinations (Detail) ₨ in Millions, $ in Millions | Apr. 29, 2021INR (₨) | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) |
Disclosure of detailed information about business combination [line items] | |||||
Goodwill | ₨ 139,127 | $ 1,902 | ₨ 131,012 | ₨ 116,980 | |
Material acquisitions [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Net assets | 1,324 | ||||
Customer related intangibles | 2,460 | ||||
Marketing related intangibles | 828 | ||||
Deferred tax liabilities on intangible assets | (432) | ||||
Total | 4,180 | ||||
Goodwill | ₨ 81,406 | 9,544 | 4,761 | ||
Total purchase price | ₨ 13,724 | 10,403 | |||
Two Thousand And Twenty Acquistions [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Net assets | 949 | ||||
Customer related intangibles | 4,535 | ||||
Other intangible assets | 371 | ||||
Deferred tax liabilities on intangible assets | (213) | ||||
Total | 5,642 | ||||
Goodwill | 4,761 | ||||
Total purchase price | ₨ 10,403 | ||||
Two Thousand And Twenty One Acquistions [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Net assets | 4,398 | ||||
Customer related intangibles | 24,284 | ||||
Marketing related intangibles | 8,048 | ||||
Deferred tax liabilities on intangible assets | (9,376) | ||||
Total | 27,354 | ||||
Goodwill | 81,406 | ||||
Total purchase price | ₨ 108,760 |
Investments - Schedule of Inves
Investments - Schedule of Investment (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments at FVTOCI | ₨ 141,954 | ₨ 164,884 | ||
Non current investments other than investments accounted for using equity method | 10,576 | $ 145 | 9,302 | |
Current Investments | 175,707 | $ 2,402 | 189,635 | |
Total | 186,283 | 198,937 | ||
Financial instruments at FVTPL | 23,502 | 14,795 | ||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | 20,827 | 19,258 | ||
Non-current assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Non current investments other than investments accounted for using equity method | 10,576 | 9,302 | ||
Current Assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current Investments | 175,707 | 189,635 | ||
Investments in equity instruments [member] | Non-current assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments at FVTOCI | 10,572 | 9,297 | ||
Inter corporate and term deposits [member] | Non-current assets [member] | ||||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | [1] | 4 | 5 | |
Inter corporate and term deposits [member] | Current Assets [member] | ||||
Financial instruments at amortized cost | ||||
Inter corporate and term deposits | [1] | 20,823 | 19,253 | |
Investment in liquid and short-term mutual funds [member] | Current Assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments at FVTPL | 23,502 | 14,795 | ||
Commercial paper, certificate of deposits and bonds [member] | Current Assets [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments at FVTOCI | ₨ 131,382 | ₨ 155,587 | ||
[1] | These deposits earn a fixed rate of interest. Term deposits include non-current and current deposits in lien with banks primarily on account of term deposits held as margin money deposits against guarantees amounting to ₹ 4 and ₹ 615, respectively (March 31, 2020: Term deposits non-current of ₹ 5 and Term deposits current of ₹ 796). |
Investments - Schedule of Inv_2
Investments - Schedule of Investment (Parenthetical) (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of detailed information about financial instruments [abstract] | ||
Term Deposits in Lien with banks-Current | ₨ 615 | ₨ 796 |
Term Deposits in Lien with banks-Non-Current | ₨ 4 | ₨ 5 |
Investments - Summary of Financ
Investments - Summary of Financial Information in Respect of Investments Accounted for Using Equity Method (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | Mar. 31, 2021USD ($) | |
Disclosure of associates [abstract] | |||||
Carrying amount of the Company's interest in associates accounted for using the equity method | ₨ 1,464 | ₨ 1,383 | $ 20 | ||
Company's share of net profit /(loss) of associates accounted for using the equity method in consolidated statement of income | ₨ 130 | $ 2 | ₨ 29 | ₨ (43) |
Investments - Summary of Equity
Investments - Summary of Equity Method Investments (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | ₨ 10,572 | ₨ 9,297 |
Ensono Holdings, LLC [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 2,665 | 2,733 |
TLV Partners [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 804 | 567 |
Immuta, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 714 | |
Tricentis Corporation [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 674 | 588 |
IntSights Cyber Intelligence Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 620 | 641 |
Vectra Networks, Inc [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 562 | 582 |
Incorta Inc, Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 512 | 529 |
YugaByte, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 494 | |
Tradeshift Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 367 | 510 |
Harte Hanks Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 319 | 119 |
Vicarious FPC, Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 309 | 244 |
TLV Partners II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 295 | 190 |
Avaamo Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 252 | 260 |
B Capital Fund II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 220 | 118 |
Vulcan Cyber Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 219 | |
CyCognito [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 216 | 99 |
Moogsoft (Herd) Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 179 | 227 |
Work-Bench Ventures II-A, LP [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 170 | 118 |
Boldstart Ventures IV, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 156 | 49 |
Sealights Technologies Ltd [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 146 | 151 |
CloudKnox Security Inc. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 146 | 151 |
Headspin Inc [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 140 | 849 |
Glilot Capital Partners III L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 87 | 28 |
Boldstart Opportunities II, L.P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 79 | |
TLV Partners III, L,P. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 73 | 14 |
Wep Peripherals Ltd. [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 60 | 68 |
Altizon Systems Private Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 38 | 38 |
Wep Solutions Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 26 | 27 |
Drivestream India Private Limited [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | 19 | 19 |
Work-Bench Ventures III-A, LP [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | ₨ 11 | |
CloudGenix [Member] | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Investments in equity instruments designated at fair value through other comprehensive income | ₨ 378 |
Trade Receivables - Schedule of
Trade Receivables - Schedule of Trade Receivables (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) |
Trade and other receivables [abstract] | ||||
Trade receivables | ₨ 109,733 | ₨ 124,460 | ||
Allowance for lifetime expected credit loss | (11,077) | (13,937) | ₨ (14,824) | |
Total | 98,656 | 110,523 | ||
Non-current | 4,358 | $ 60 | 6,049 | |
Current | ₨ 94,298 | $ 1,289 | ₨ 104,474 |
Trade Receivables - Summary of
Trade Receivables - Summary of Allowance for Lifetime Expected Credit Loss (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of financial assets [abstract] | ||
Balance at the beginning of the year | ₨ 13,937 | ₨ 14,824 |
Additions during the year, net (Refer to Note 25) | 1,506 | 1,043 |
Charged against allowance | (4,381) | (2,139) |
Translation adjustment | 15 | 209 |
Balance at the end of the year | ₨ 11,077 | ₨ 13,937 |
Inventories - Schedule of Inven
Inventories - Schedule of Inventories (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) |
Classes of current inventories [abstract] | |||
Stores and spare parts | ₨ 127 | ₨ 613 | |
Finished and traded goods | 937 | 1,252 | |
Inventories | ₨ 1,064 | $ 15 | ₨ 1,865 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) |
Cash and cash equivalents [abstract] | ||||
Cash and bank balances | ₨ 68,842 | ₨ 34,087 | ₨ 41,966 | |
Demand deposits with banks | 100,951 | 110,412 | 116,563 | |
Cash and cash equivalents | ₨ 169,793 | $ 2,321 | ₨ 144,499 | ₨ 158,529 |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2020USD ($) | Mar. 31, 2019INR (₨) | Mar. 31, 2018INR (₨) |
Cash and cash equivalents [abstract] | ||||||
Cash and cash equivalents (as above) | ₨ 169,793 | $ 2,321 | ₨ 144,499 | ₨ 158,529 | ||
Bank overdrafts | (130) | (395) | (4) | |||
Total | ₨ 169,663 | $ 2,319 | ₨ 144,104 | $ 1,970 | ₨ 158,525 | ₨ 40,926 |
Other financial Assets - Summar
Other financial Assets - Summary of Other Financial Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2021INR (₨) | Mar. 31, 2020INR (₨) | Mar. 31, 2021USD ($) | |
Financial asset | |||
Security deposits | ₨ 1,477 | ₨ 1,581 | |
Interest receivables | 1,139 | 1,139 | |
Finance lease receivables | 3,144 | 2,359 | |
Others | 328 | 802 | |
Non-current financial asset | 6,088 | 5,881 | $ 83 |
Financial asset | |||
Security deposits | 1,149 | 1,127 | |
Due from officers and employees | 411 | 1,040 | |
Interest receivables | 1,628 | 2,581 | |
Finance lease receivables | 3,438 | 2,811 | |
Others | 619 | 1,055 | |
Current financial asset | 7,245 | 8,614 | $ 99 |
Non-Financial asset | |||
Total | ₨ 13,333 | ₨ 14,495 |
Other financial assets - Summ_2
Other financial assets - Summary of Finance Lease Receivables (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | ₨ 6,900 | ₨ 5,459 |
Less: Unearned finance income | (318) | (289) |
Present value of minimum lease payment receivables | 6,582 | 5,170 |
Non-current finance lease receivables | 3,144 | 2,359 |
Current finance lease receivables | 3,438 | 2,811 |
Not later than one year [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Gross investment in lease | 3,636 | 2,986 |
Present value of minimum lease payment receivables | 3,438 | 2,811 |
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 | 3,264 | 2,473 |
Present value of minimum lease payment receivables | ₨ 3,144 | ₨ 2,359 |
Other assets - Summary Of Detai
Other assets - Summary Of Detailed Information About Other Assets (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2020INR (₨) | Mar. 31, 2021USD ($) | ||
Non-current | ||||
Prepaid expenses | ₨ 3,417 | ₨ 4,535 | ||
Costs to obtain contract | [1] | 3,413 | 4,030 | |
Costs to fulfil contract | 337 | 305 | ||
Others (Refer to Note 35) | 8,768 | 3,065 | ||
Non-current non-financial asset | 15,935 | 11,935 | $ 217 | |
Current | ||||
Prepaid expenses | 12,121 | 9,876 | ||
Due from officers and employees | 105 | 310 | ||
Advance to suppliers | 3,199 | 3,121 | ||
Balance with GST and other authorities | 7,903 | 7,805 | ||
Cost to obtain contract | [1] | 759 | 1,258 | |
Costs to fulfil contract | 53 | |||
Others | 783 | 135 | ||
Current non-financial asset | 24,923 | 22,505 | $ 340 | |
Total | ₨ 40,858 | ₨ 34,440 | ||
[1] | Amortization during the year ended March 31, 2020 and 2021 amounting to ₹ 1,237 and ₹ 1,257 respectively. |
Other assets - Summary Of Det_2
Other assets - Summary Of Detailed Information About Other Assets (Parenthetical) (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Other assets [member] | ||
Statement [LineItems] | ||
Amortisation expense | ₨ 1,257 | ₨ 1,237 |
Loans, Borrowings and Bank Ov_3
Loans, Borrowings and Bank Overdrafts - Additional Information (Detail) € in Millions, ₨ in Millions, ر.ق in Millions, ر.س in Millions, £ in Millions, Rp in Millions, R$ in Millions, .د.ب in Millions, $ in Millions, $ in Millions, $ in Millions | 12 Months Ended | ||||||||||||
Mar. 31, 2021INR (₨) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2021CAD ($) | Mar. 31, 2021SAR (ر.س) | Mar. 31, 2021EUR (€) | Mar. 31, 2021GBP (£) | Mar. 31, 2021QAR (ر.ق) | Mar. 31, 2021BRL (R$) | Mar. 31, 2021AUD ($) | Mar. 31, 2021IDR (Rp) | Mar. 31, 2021BHD (.د.ب) | |
Bank overdraft [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | ₨ | ₨ 60,363 | ₨ 54,020 | |||||||||||
Interest expense on loans, borrowings and bank overdrafts | ₨ | 1,897 | 3,166 | ₨ 4,058 | ||||||||||
Line of credit [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | ₨ | 66,533 | ||||||||||||
Line of credit [member] | U.S.Dollar [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | $ | $ 593 | ||||||||||||
Remaining borrowing capacity | $ | $ 593 | ||||||||||||
Line of credit [member] | Canadian Dollar [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | $ | $ 73 | ||||||||||||
Remaining borrowing capacity | $ | $ 33 | ||||||||||||
Line of credit [member] | EURO [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | € | € 33 | ||||||||||||
Remaining borrowing capacity | € | € 33 | ||||||||||||
Line of credit [member] | Indonesia, Rupiahs | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | 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 | ₨ | 8,620 | ||||||||||||
Line of credit [member] | Brazil, Brazil Real | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | R$ | R$ 13 | ||||||||||||
Remaining borrowing capacity | R$ | R$ 3 | ||||||||||||
Line of credit [member] | Saudi Arabia, Riyals | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | ر.س | ر.س 20 | ||||||||||||
Remaining borrowing capacity | ر.س | ر.س 20 | ||||||||||||
Line of credit [member] | United Kingdom, Pounds | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | £ | £ 6 | ||||||||||||
Remaining borrowing capacity | £ | £ 6 | ||||||||||||
Line of credit [member] | Qatar, Rials | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | ر.ق | ر.ق 10 | ||||||||||||
Remaining borrowing capacity | ر.ق | ر.ق 10 | ||||||||||||
Line of credit [member] | Australia, Dollars | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | $ | $ 150 | ||||||||||||
Remaining borrowing capacity | $ | $ 150 | ||||||||||||
Line of credit [member] | Bahrain, Dinars | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | .د.ب | .د.ب 1 | ||||||||||||
Remaining borrowing capacity | .د.ب | .د.ب 1 | ||||||||||||
Revolving credit facilities non-fund based [member] | |||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||
Short-term borrowing limits | ₨ | 56,421 | 41,597 | |||||||||||
Remaining borrowing capacity | ₨ | ₨ 39,293 | ₨ 22,790 |
Loans, Borrowings and Bank Ov_4
Loans, Borrowings and Bank Overdrafts - Summary of Long - Term Loans and Borrowings (Detail) ₨ in Millions, $ in Millions, $ in Millions | 12 Months Ended | |||||||||||||||||||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2021CAD ($) | Mar. 31, 2021EUR (€) | Mar. 31, 2021GBP (£) | Mar. 31, 2021AUD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2020USD ($) | Mar. 31, 2020CAD ($) | [1] | Mar. 31, 2020EUR (€) | [1] | Mar. 31, 2020GBP (£) | [1] | Mar. 31, 2020AUD ($) | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 22,969 | [1] | [1] | [1] | [1] | ₨ 24,022 | $ 1 | |||||||||||||
Non-current portion of long term loans and borrowings | 7,458 | $ 102 | 4,840 | |||||||||||||||||
Current portion of long term loans and borrowings | 15,511 | 19,182 | ||||||||||||||||||
Unsecured term loan [member] | U.S.Dollar [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 22,671 | $ 310 | 23,478 | $ 311 | ||||||||||||||||
Final maturity | March-24 | |||||||||||||||||||
Unsecured term loan [member] | U.S.Dollar [member] | Bottom of range [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Interest rate | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% | ||||||||||||||
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% | 3.81% | 3.81% | ||||||||||||||
Unsecured term loan [member] | Canadian Dollar [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 10 | 25 | ||||||||||||||||||
Final maturity | July-21 | |||||||||||||||||||
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% | 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% | 3.26% | 3.26% | ||||||||||||||
Unsecured term loan [member] | Indian Rupee [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 240 | 440 | ||||||||||||||||||
Final maturity | March-24 | |||||||||||||||||||
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% | 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% | 9.35% | 9.35% | ||||||||||||||
Unsecured term loan [member] | Australian Dollar [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 26 | 44 | ||||||||||||||||||
Interest rate | 4.65% | 4.65% | 4.65% | 4.65% | 4.65% | 4.65% | ||||||||||||||
Final maturity | January-22 | |||||||||||||||||||
Unsecured term loan [member] | Great British Pound [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | ₨ 12 | 22 | ||||||||||||||||||
Interest rate | 2.93% | 2.93% | 2.93% | 2.93% | 2.93% | 2.93% | ||||||||||||||
Final maturity | February-22 | |||||||||||||||||||
Unsecured term loan [member] | EURO [member] | ||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||||||
Unsecured loans | [1] | ₨ 10 | ₨ 13 | |||||||||||||||||
Interest rate | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | ||||||||||||||
Final maturity | April-23 | |||||||||||||||||||
[1] | Value is less than 1 |
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, 2021 | Mar. 31, 2020 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | ₨ 97,240 | ₨ 99,467 |
Cash flow | (2,713) | (32,431) |
Non cash changes, foreign exchange movements | (417) | 6,883 |
Non cash changes, IFRS 16 adoption | 15,379 | |
Non cash changes, Additions to lease liabilities | 10,404 | 7,942 |
Ending balance | 104,514 | 97,240 |
Borrowings from banks [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 77,647 | 97,461 |
Cash flow | 6,212 | (26,038) |
Non cash changes, foreign exchange movements | (657) | 6,224 |
Ending balance | 83,202 | 77,647 |
Bank overdrafts [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 395 | 4 |
Cash flow | (265) | 391 |
Ending balance | 130 | 395 |
Obligations under finance leases [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 2,002 | |
Non cash changes, IFRS 16 adoption | (2,002) | |
Lease liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 19,198 | |
Cash flow | (8,660) | (6,784) |
Non cash changes, foreign exchange movements | 240 | 659 |
Non cash changes, IFRS 16 adoption | 17,381 | |
Non cash changes, Additions to lease liabilities | 10,404 | 7,942 |
Ending balance | ₨ 21,182 | ₨ 19,198 |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) |
Trade and other current payables [abstract] | |||
Trade payables | ₨ 23,232 | ₨ 27,053 | |
Accrued expenses | 55,638 | 51,076 | |
Trade payables and accrued expenses | ₨ 78,870 | $ 1,078 | ₨ 78,129 |
Other financial liabilities - S
Other financial liabilities - Summary of detailed information about other financial liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) |
Non-current | |||
Cash Settled ADS RSUs (Refer to Note 30) | ₨ 7 | ₨ 146 | |
Contingent consideration (Refer to Note 7) | 2,158 | ||
Advance from customers | 123 | ||
Deposits and others | 3 | 5 | |
Other non-current financial liabilities | 2,291 | $ 31 | 151 |
Current | |||
Cash Settled ADS RSUs (Refer to Note 30) | 24 | 350 | |
Contingent consideration (Refer to Note 7) | 135 | 0 | |
Advance from customers | 496 | ||
Deposits and others | 815 | 549 | |
Current financial liabilities | 1,470 | $ 20 | 899 |
Other financial liabilities | ₨ 3,761 | ₨ 1,050 |
Other liabilities - Summary of
Other liabilities - Summary of Detailed Information About Other Liabilities Explanatory (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) |
Non-current | |||
Employee benefits obligations | ₨ 3,055 | ₨ 3,767 | |
Others | 4,780 | 3,770 | |
Total non-current liabilities | 7,835 | $ 107 | 7,537 |
Current | |||
Statutory and other liabilities | 9,266 | 4,919 | |
Employee benefits obligations | 14,401 | 12,356 | |
Advance from customers | 362 | 1,464 | |
Others | 523 | 515 | |
Current non-financial liabilities | 24,552 | $ 336 | 19,254 |
Total | ₨ 32,387 | ₨ 26,791 |
Provisions - Summary of Detaile
Provisions - Summary of Detailed Information About Provisions (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
Non-current | ||||
Provision for warranty | ₨ 2 | ₨ 2 | ||
Non-current provisions | 2 | [1] | 2 | |
Current | ||||
Provision for warranty | 213 | 317 | ||
Others | 463 | 295 | ||
Current provisions | 676 | $ 9 | 612 | |
Total | ₨ 678 | ₨ 614 | ||
[1] | Value is less than 1 |
Provisions - Additional Informa
Provisions - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2021 | |
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 |
Provisions - Summary of Activit
Provisions - Summary of Activity for Provision for Warranty and Other Provisions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | ₨ 614 | ₨ 640 |
Additional provision during the year | 515 | 458 |
Utilized/written-back during the year | (451) | (484) |
Balance at the end of the year | 678 | 614 |
Provision for warranty [member] | ||
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | 319 | 277 |
Additional provision during the year | 245 | 360 |
Utilized/written-back during the year | (349) | (318) |
Balance at the end of the year | 215 | 319 |
Other provisions [member] | ||
Disclosure of other provisions [line items] | ||
Balance at the beginning of the year | 295 | 363 |
Additional provision during the year | 270 | 98 |
Utilized/written-back during the year | (102) | (166) |
Balance at the end of the year | ₨ 463 | ₨ 295 |
Financial Instruments - Summary
Financial Instruments - Summary of Financial Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Oct. 10, 2019INR (₨) | Apr. 01, 2019INR (₨) | Mar. 31, 2019INR (₨) |
Assets: | ||||||
Cash and cash equivalents | ₨ 169,793 | $ 2,321 | ₨ 144,499 | ₨ 158,529 | ||
Investments | ||||||
Financial instruments at FVTPL | 23,502 | 14,795 | ||||
Financial instruments at FVTOCI | 141,954 | 164,884 | ||||
Financial instruments at Amortized cost | 20,827 | 19,258 | ||||
Other financial assets | ||||||
Trade receivables | 98,656 | 110,523 | ||||
Unbilled receivables | 27,124 | 25,209 | ||||
Other assets | 13,333 | 14,495 | ||||
Derivative assets | 4,080 | 3,025 | ||||
Total | 499,269 | 496,688 | ||||
Trade payables and other payables | ||||||
Trade payables and accrued expenses | 78,870 | 78,129 | ||||
Lease liabilities | 21,182 | 19,198 | ₨ 15,379 | |||
Other liabilities | 3,761 | 1,050 | ||||
Loans, borrowings and bank overdrafts | 83,332 | 78,042 | ||||
Derivative liabilities | 1,070 | 7,369 | ||||
Total | ₨ 188,215 | ₨ 183,788 | ₨ 561 |
Financial Instruments - Summa_2
Financial Instruments - Summary of Offsetting Other Financial Assets and Trade Payable and Other Liabilities (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of offsetting of financial assets liabilities [abstract] | ||
Gross amounts of recognized other financial assets | ₨ 146,709 | ₨ 157,304 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | (7,596) | (7,077) |
Net amounts of recognized other financial assets presented in the statement of financial position | 139,113 | 150,227 |
Gross amounts of recognized trade payables and other payables | 90,227 | 86,256 |
Financial liabilities Gross amounts of recognized financial liabilities set off in the statement of financial position | (7,596) | (7,077) |
Net amounts of recognized trade payables and other payables presented in the statement of financial position | ₨ 82,631 | ₨ 79,179 |
Financial Instruments - Summa_3
Financial Instruments - Summary of Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value of Recurring Basis (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Contingent consideration (Refer to Note 7) | ₨ (2,293) | ₨ 0 |
Fair value measurements at reporting date using [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Contingent consideration (Refer to Note 7) | (2,293) | |
Fair value measurements at reporting date using [member] | Cash flow hedges [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 2,998 | 1,382 |
Fair value of financial liabilities | (816) | (4,057) |
Fair value measurements at reporting date using [member] | Level 2 [member] | Cash flow hedges [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 2,998 | 1,382 |
Fair value of financial liabilities | (816) | (4,057) |
Fair value measurements at reporting date using [member] | Level 3 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Contingent consideration (Refer to Note 7) | (2,293) | |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 1,082 | 1,643 |
Fair value of financial liabilities | (254) | (3,312) |
Fair value measurements at reporting date using [member] | Derivative Assets - Others [member] | Level 2 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 1,082 | 1,643 |
Fair value of financial liabilities | (254) | (3,312) |
Fair value measurements at reporting date using [member] | 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 | 23,502 | 14,795 |
Fair value measurements at reporting date using [member] | 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 | 23,502 | 14,795 |
Fair value measurements at reporting date using [member] | Investments in equity instruments [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 10,572 | 9,297 |
Fair value measurements at reporting date using [member] | Investments in equity instruments [member] | Level 1 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 26 | |
Fair value measurements at reporting date using [member] | Investments in equity instruments [member] | Level 2 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 319 | 119 |
Fair value measurements at reporting date using [member] | Investments in equity instruments [member] | Level 3 [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 10,227 | 9,178 |
Fair value measurements at reporting date using [member] | Commercial paper, certificate of deposits and bonds [member] | ||
Disclosure of fair value measurement of assets and liabilities [line items] | ||
Fair value of financial assets | 131,382 | 155,587 |
Fair value measurements at reporting date using [member] | 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 | 2,217 | 12,983 |
Fair value measurements at reporting date using [member] | 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 | ₨ 129,165 | ₨ 142,604 |
Financial Instruments - Summa_4
Financial Instruments - Summary of Details of Assets and Liabilities Considered under Level 3 Classification (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | ₨ 817,062 | ||
Ending balance | 831,434 | $ 11,368 | ₨ 817,062 |
Level 3 [member] | Investments in equity instruments [member] | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Beginning balance | 9,178 | 6,668 | |
Additions | 1,575 | 2,124 | |
Disposals | (1,256) | (1,327) | |
Transfers out of level 3 | (27) | ||
Gain/(loss) recognized in foreign currency translation reserve | (252) | 855 | |
Gain recognized in other comprehensive income | 1,009 | 858 | |
Ending balance | ₨ 10,227 | ₨ 9,178 |
Financial Instruments - Summa_5
Financial Instruments - Summary Of Contingent Consideration (Detail) ₨ in Millions | 12 Months Ended |
Mar. 31, 2021INR (₨) | |
Contingent Consideration [Abstract] | |
Balance at the beginning of the year | ₨ 0 |
Additions (Refer to note 7) | (2,293) |
Finance expense recognized in statement of income | (25) |
Gain/(loss) recognized in foreign currency translation reserve | 25 |
Balance at the end of the year | ₨ (2,293) |
Financial Instruments - Summa_6
Financial Instruments - Summary of Significant Unobservable Inputs to Valuation (Detail) - Unquoted equity investments [member] - Discounted cash flow model [member] - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
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 | Discounted cash flow model |
Significant unobservable input | Long term growth rate | Long term growth rate |
Input | 3.00% | 3.00% |
Movement by | 0.50% | 0.50% |
Increase | ₨ 304 | ₨ 298 |
Decrease | ₨ (295) | ₨ (273) |
Discount rate [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets and liabilities [line items] | ||
Significant unobservable input | Discount rate | Discount rate |
Input | 10.90% | 11.60% |
Movement by | 0.50% | 0.50% |
Increase | ₨ (393) | ₨ (388) |
Decrease | ₨ 395 | ₨ 404 |
Financial Instruments - Summa_7
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, £ in Millions, zł in Millions, kr in Millions, kr in Millions, kr in Millions, SFr in Millions, RM in Millions, R in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2021CAD ($) | Mar. 31, 2021SAR (ر.س) | Mar. 31, 2021EUR (€) | Mar. 31, 2021GBP (£) | Mar. 31, 2021QAR (ر.ق) | Mar. 31, 2021AUD ($) | Mar. 31, 2021SGD ($) | Mar. 31, 2021ZAR (R) | Mar. 31, 2021PLN (zł) | Mar. 31, 2021CHF (SFr) | Mar. 31, 2021TRY (₺) | Mar. 31, 2021NOK (kr) | Mar. 31, 2021OMR (ر.ع.) | Mar. 31, 2021SEK (kr) | Mar. 31, 2021JPY (¥) | Mar. 31, 2021DKK (kr) | Mar. 31, 2021CNY (¥) | Mar. 31, 2021AED (د.إ) | Mar. 31, 2020INR (₨) | Mar. 31, 2020USD ($) | Mar. 31, 2020CAD ($) | Mar. 31, 2020SAR (ر.س) | Mar. 31, 2020EUR (€) | Mar. 31, 2020GBP (£) | Mar. 31, 2020QAR (ر.ق) | Mar. 31, 2020AUD ($) | Mar. 31, 2020SGD ($) | Mar. 31, 2020ZAR (R) | Mar. 31, 2020PLN (zł) | Mar. 31, 2020CHF (SFr) | Mar. 31, 2020TRY (₺) | Mar. 31, 2020NOK (kr) | Mar. 31, 2020OMR (ر.ع.) | Mar. 31, 2020SEK (kr) | Mar. 31, 2020MYR (RM) | Mar. 31, 2020JPY (¥) | Mar. 31, 2020MXN ($) | Mar. 31, 2020DKK (kr) | |||
At cost [member] | Sell: Forward contracts [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 1,638 | $ 1,314 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | 1,577 | 1,011 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | [1] | 1,638 | 1,314 | ||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | € 109 | € 121 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | € | 99 | 59 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | £ 96 | £ 52 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | £ | 104 | 81 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | $ 103 | $ 144 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | 29 | $ 56 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 9 | $ 7 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | R | R 22 | R 17 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 30 | $ 51 | |||||||||||||||||||||||||||||||||||||||||
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 137 | ر.س 60 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | zł | zł 8 | zł 34 | |||||||||||||||||||||||||||||||||||||||||
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 7 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Qatar, Rials | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ق | ر.ق 15 | ر.ق 19 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Turkey, New Lira | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₺ | ₺ 47 | ₺ 30 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Norway, Krone | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 4 | kr 19 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Oman, Rials | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ر.ع. | ر.ع. 2 | ر.ع. 2 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 42 | kr 13 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 370 | ¥ 325 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Sell: Forward contracts [member] | Malaysia, Ringgits | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | RM | RM 20 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | $ 138 | 474 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | € | € 20 | € 39 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | £ | £ 55 | £ 98 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | $ | $ 34 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 480 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | د.إ | د.إ 9 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | SFr | SFr 2 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Mexico, Pesos | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | $ | $ 11 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 37 | ||||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | Denmark, Kroner | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | kr | kr 45 | kr 9 | |||||||||||||||||||||||||||||||||||||||||
At cost [member] | Buy l forward contract [member] | RMB [Member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ¥ | ¥ 30 | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₨ 3,010 | ₨ (4,344) | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 2,293 | (2,902) | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [1] | 480 | (3,116) | ||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 114 | 231 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 202 | 34 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (254) | 240 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 98 | 112 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (246) | 741 | |||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 11 | 115 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Singapore, Dollars [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 5 | 8 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | South Africa, Rand [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (1) | 1 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Canadian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 3 | 153 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Saudi Arabian Riyal [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (1) | (1) | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Poland, Zlotych [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 2 | 13 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 13 | 4 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Qatar, Rials | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (6) | (8) | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Turkey, New Lira | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 42 | 31 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Norway, Krone | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | 16 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Oman, Rials | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (1) | 1 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 10 | 4 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Japan, Yen [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 6 | [2] | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Sell: Forward contracts [member] | Malaysia, Ringgits | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 1 | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 385 | (1,057) | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | EURO [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | 24 | 85 | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Great British Pound [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (116) | (13) | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Range forward option contracts [member] | Australian Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Designated derivative instruments | (18) | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | U.S.Dollar [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | 972 | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | United Arab Emirates, Dirhams [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | [2] | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Switzerland, Francs [member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (6) | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Mexico, Pesos | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (9) | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Sweden, Kronor | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (15) | ||||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | Denmark, Kroner | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | (12) | [2] | |||||||||||||||||||||||||||||||||||||||||
At fair value [member] | Buy l forward contract [member] | RMB [Member] | |||||||||||||||||||||||||||||||||||||||||||
Disclosure of derivative contract outstanding [line items] | |||||||||||||||||||||||||||||||||||||||||||
Non-designated derivative instruments | ₨ (2) | ||||||||||||||||||||||||||||||||||||||||||
[1] | USD 1,314 and USD 1,638 includes USD/PHP sell forward of USD 176 and USD 244 as at March 31, 2020 and 2021, respectively. | ||||||||||||||||||||||||||||||||||||||||||
[2] | Value is less than 1 |
Financial Instruments - Summa_8
Financial Instruments - Summary of Aggregate Contracted Principal Amounts of Company's Derivative Contracts Outstanding (Parenthetical) (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2020USD ($) |
At fair value [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | ₨ | ₨ 3,010 | ₨ (4,344) | ||
At fair value [member] | Philippines, Pesos | Sell: Forward contracts [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | $ | $ 244 | $ 176 | ||
At fair value [member] | Top of range [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Designated derivative instruments | ₨ | ₨ 1 | |||
At cost [member] | Sell: Forward contracts [member] | ||||
Disclosure of derivative contract outstanding [line items] | ||||
Non-designated derivative instruments | $ | $ 1,638 | $ 1,314 |
Financial Instruments - Summa_9
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, 2021 | Mar. 31, 2020 | ||
Disclosure of detailed information about hedges [abstract] | |||
Balance as at the beginning of the year | ₨ (2,876) | ₨ 3,019 | |
Deferred cancellation gain/ (loss), net | (201) | ||
Changes in fair value of effective portion of derivatives | 4,753 | (2,312) | |
Net gain/(loss) reclassified to consolidated statement of income on occurrence of hedged transactions | [1] | 305 | (3,382) |
Gain/(loss) on cash flow hedging derivatives, net | 5,058 | (5,895) | |
Balance as at the end of the year | 2,182 | (2,876) | |
Deferred tax thereon | (452) | 561 | |
Balance as at the end of the year, net of deferred tax | ₨ 1,730 | ₨ (2,315) | |
[1] | Includes net (gain)/loss reclassified to revenue of ₹ (4,761) and ₹ 58 for the year ended March 31, 2020 and 2021, respectively and net (gain)/loss reclassified to cost of revenues of ₹ 1,379 and ₹ 247 for the year ended March 31, 2020 and 2021, respectively. |
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) (Parenthetical) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of detailed information about hedges [abstract] | ||
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under revenues | ₨ 58 | ₨ (4,761) |
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions under cost of revenues | ₨ 247 | ₨ 1,379 |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
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, 2021 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, 2020 and 2021, or revenues for the year ended March 31, 2019, 2020 and 2021. | |
Fair value of sale of shares | ₨ 1,256 | |
Cummulative gain on sale of shares through other comprehensive income | 884 | |
Interest rate risk [member] | Floating Interest Rate [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Annual interest expense | 829 | |
Currency risk [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Decrease/increase in the fair value of foreign currency dollar denominated derivative instruments | ₨ 1,525 | ₨ 957 |
Increase/decrease in respective foreign currencies compared to functional currency | 1.00% | 1.00% |
Increase in spot exchange rate of the Indian rupee with the U.S. dollar | ₨ 1 | |
Decrease in spot exchange rate of the Indian rupee with the U.S. dollar | 1 | |
Currency risk [member] | Indian Rupee [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase in the fair value of foreign currency dollar denominated derivative instruments | 2,845 | |
Decrease in the fair value of foreign currency dollar denominated derivative instruments | 3,095 | |
Increase in the fair value of foreign currency dollar denominated derivative instruments in statement of income | 1,395 | |
Decrease in the fair value of foreign currency dollar denominated derivative instruments in statement of income | 1,395 | |
Increase in the fair value of foreign currency dollar denominated derivative instruments in other comprehensive income | 1,450 | |
Decrease in the fair value of foreign currency dollar denominated derivative instruments in other comprehensive income | ₨ 1,700 |
Financial Instruments - Summ_11
Financial Instruments - Summary of Foreign Currency Risk from Non-derivative Financial Instruments (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Apr. 01, 2019INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | ₨ 98,656 | ₨ 110,523 | ||||
Cash and cash equivalents | 169,793 | $ 2,321 | 144,499 | ₨ 158,529 | ||
Other assets | 13,333 | 14,495 | ||||
Loans, borrowings and bank overdrafts | (83,332) | (78,042) | ||||
Lease liabilities | (21,182) | (19,198) | ₨ (15,379) | |||
Currency risk [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 61,582 | 67,878 | ||||
Unbilled receivables | 14,583 | 16,579 | ||||
Contract assets | 10,463 | 11,516 | ||||
Cash and cash equivalents | 20,644 | 22,767 | ||||
Other assets | 90,681 | 61,097 | ||||
Loans, borrowings and bank overdrafts | (36,578) | |||||
Lease liabilities | (9,926) | (8,014) | ||||
Trade payables, accrued expenses and other liabilities | (35,513) | (39,514) | ||||
Net assets/ (liabilities) | 152,514 | 95,731 | ||||
U.S.Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 33,421 | 42,329 | ||||
Unbilled receivables | 9,255 | 11,127 | ||||
Contract assets | 5,111 | 5,517 | ||||
Cash and cash equivalents | 11,838 | 13,481 | ||||
Other assets | 73,212 | 49,835 | ||||
Loans, borrowings and bank overdrafts | (36,578) | |||||
Lease liabilities | (3,800) | (3,393) | ||||
Trade payables, accrued expenses and other liabilities | (23,187) | (27,457) | ||||
Net assets/ (liabilities) | 105,850 | 54,861 | ||||
EURO [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 9,094 | 8,860 | ||||
Unbilled receivables | 1,681 | 1,030 | ||||
Contract assets | 1,121 | 1,559 | ||||
Cash and cash equivalents | 1,385 | 3,978 | ||||
Other assets | 3,981 | 4,314 | ||||
Lease liabilities | (2,684) | (2,606) | ||||
Trade payables, accrued expenses and other liabilities | (3,569) | (3,419) | ||||
Net assets/ (liabilities) | 11,009 | 13,716 | ||||
Great British Pound [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 9,334 | 7,735 | ||||
Unbilled receivables | 1,740 | 2,221 | ||||
Contract assets | 2,755 | 2,850 | ||||
Cash and cash equivalents | 2,052 | 1,697 | ||||
Other assets | 9,116 | 3,283 | ||||
Lease liabilities | (1,575) | (373) | ||||
Trade payables, accrued expenses and other liabilities | (4,370) | (3,718) | ||||
Net assets/ (liabilities) | 19,052 | 13,695 | ||||
Australian Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 4,101 | 3,044 | ||||
Unbilled receivables | 803 | 784 | ||||
Contract assets | 838 | 654 | ||||
Cash and cash equivalents | 765 | 586 | ||||
Other assets | 2 | 413 | ||||
Lease liabilities | (202) | (214) | ||||
Trade payables, accrued expenses and other liabilities | (1,415) | (1,228) | ||||
Net assets/ (liabilities) | 4,892 | 4,039 | ||||
Canadian Dollar [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | 1,436 | 1,388 | ||||
Unbilled receivables | 283 | 291 | ||||
Contract assets | 102 | 146 | ||||
Cash and cash equivalents | 1,876 | 1,292 | ||||
Other assets | 891 | 1,447 | ||||
Lease liabilities | (117) | (16) | ||||
Trade payables, accrued expenses and other liabilities | (350) | (605) | ||||
Net assets/ (liabilities) | 4,121 | 3,943 | ||||
Other currencies [member] | ||||||
Disclosure of foreign currency exchange risk on financial instruments [line items] | ||||||
Trade receivables | [1] | 4,196 | 4,522 | |||
Unbilled receivables | [1] | 821 | 1,126 | |||
Contract assets | [1] | 536 | 790 | |||
Cash and cash equivalents | [1] | 2,728 | 1,733 | |||
Other assets | [1] | 3,479 | 1,805 | |||
Lease liabilities | [1] | (1,548) | (1,412) | |||
Trade payables, accrued expenses and other liabilities | [1] | (2,622) | (3,087) | |||
Net assets/ (liabilities) | [1] | ₨ 7,590 | ₨ 5,477 | |||
[1] | Other currencies reflect currencies such as Japanese Yen, Swiss Franc, Saudi Riyal etc. |
Financial Instruments - Summ_12
Financial Instruments - Summary of Remaining Contractual Maturities of Significant Financial Liabilities at Reporting Date (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts | ₨ 83,332 | ₨ 78,042 |
Lease liabilities | 21,182 | 19,198 |
Trade payables and accrued expenses | 78,870 | 78,129 |
Derivative liabilities | 1,070 | 7,369 |
Other liabilities | 3,761 | 1,050 |
Loans, borrowings and bank overdrafts, undiscounted cash flows | 85,216 | 79,543 |
Lease Liabilities Undiscounted Cash Flows | 22,823 | 21,067 |
Trade payables and accrued expenses, undiscounted cash flows | 78,870 | 78,129 |
Derivative liabilities, undiscounted cash flows | 1,070 | 7,369 |
Other liabilities, undiscounted cash flows | 3,880 | 1,050 |
Not later than one year [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | 77,609 | 74,663 |
Lease Liabilities Undiscounted Cash Flows | 8,398 | 7,322 |
Trade payables and accrued expenses, undiscounted cash flows | 78,870 | 78,129 |
Derivative liabilities, undiscounted cash flows | 1,070 | 7,231 |
Other liabilities, undiscounted cash flows | 1,473 | 899 |
1-2 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | 166 | 4,761 |
Lease Liabilities Undiscounted Cash Flows | 6,317 | 6,128 |
Derivative liabilities, undiscounted cash flows | 90 | |
Other liabilities, undiscounted cash flows | 1,330 | 88 |
2-4 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Loans, borrowings and bank overdrafts, undiscounted cash flows | 7,441 | 119 |
Lease Liabilities Undiscounted Cash Flows | 6,017 | 5,425 |
Derivative liabilities, undiscounted cash flows | 48 | |
Other liabilities, undiscounted cash flows | 1,077 | 63 |
Beyond 4 years [member] | ||
Disclosure of maturity analysis for significant financial liabilities [line items] | ||
Lease Liabilities Undiscounted Cash Flows | ₨ 2,091 | ₨ 2,192 |
Financial Instruments - Summ_13
Financial Instruments - Summary of Balanced View of Liquidity and Financial Indebtedness (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [abstract] | ||||
Cash and cash equivalents | ₨ 169,793 | $ 2,321 | ₨ 144,499 | ₨ 158,529 |
Investments | 175,707 | 189,635 | ||
Loans, borrowings and bank overdrafts | (83,332) | (78,042) | ||
Net cash position | ₨ 262,168 | ₨ 256,092 |
Foreign currency translation _3
Foreign currency translation reserve and Other reserves - Summary of Movement in Foreign Currency Translation Reserve Attributable to Equity Holders (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of foreign currency translation reserves [line items] | ||||
Balance at the beginning of the year | ₨ 559,333 | ₨ 570,753 | ₨ 485,346 | |
Translation difference related to foreign operations, net | (656) | $ (9) | 8,447 | 3,238 |
Balance at the end of the year | 554,593 | 7,584 | 559,333 | 570,753 |
Foreign currency translation reserve [member] | ||||
Disclosure of foreign currency translation reserves [line items] | ||||
Balance at the beginning of the year | 23,539 | 15,250 | 16,618 | |
Translation difference related to foreign operations, net | (603) | 8,289 | ||
Balance at the end of the year | ₨ 22,936 | $ 314 | ₨ 23,539 | ₨ 15,250 |
Foreign currency translation _4
Foreign currency translation reserve and Other reserves - Summary Of Movement In Other Reserve (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of reserves within equity [line items] | ||||
Beginning balance | ₨ 23,299 | |||
Other comprehensive income | 6,679 | $ 91 | ₨ 4,613 | ₨ 1,023 |
Ending balance | 30,506 | $ 418 | 23,299 | |
Remeasurements of the defined benefit plans | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | (1,120) | (70) | (305) | |
Other comprehensive income | 223 | (1,050) | 235 | |
Ending balance | (897) | (1,120) | (70) | |
Investment in Debt instruments measured at fair value through OCI | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | 2,386 | 1,164 | 1,182 | |
Other comprehensive income | 1,851 | 1,222 | (18) | |
Ending balance | 4,237 | 2,386 | 1,164 | |
Investment in Equity instruments measured at fair value through OCI | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | 162 | (562) | (98) | |
Other comprehensive income | 1,216 | 724 | (464) | |
Ending balance | 1,378 | 162 | (562) | |
Capital Redemption Reserve [member] | ||||
Disclosure of reserves within equity [line items] | ||||
Beginning balance | 647 | 1 | 768 | |
Bonus issue of equity shares | (767) | |||
Buyback of equity shares | 475 | 646 | ||
Ending balance | ₨ 1,122 | ₨ 647 | ₨ 1 |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Major components of tax expense (income) [abstract] | ||||
Income tax expense as per the consolidated statement of income | ₨ 30,345 | $ 415 | ₨ 24,799 | ₨ 25,242 |
Income tax included in other comprehensive income on: | ||||
Unrealized gains/(losses) on investment securities | 226 | (230) | (65) | |
Gains/(losses) on cash flow hedging derivatives | 1,013 | (1,165) | 633 | |
Defined benefit plan actuarial gains/(losses) | 111 | (196) | 47 | |
Total income taxes | ₨ 31,695 | ₨ 23,208 | ₨ 25,857 |
Income Taxes - Summary of Compo
Income Taxes - Summary of Components of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Current taxes | ||||
Domestic | ₨ 19,773 | ₨ 18,437 | ₨ 17,987 | |
Foreign | 6,292 | 5,887 | 5,663 | |
Current taxes | 26,065 | 24,324 | 23,650 | |
Deferred taxes | ||||
Domestic | 3,982 | 1,624 | (180) | |
Foreign | 298 | (1,149) | 1,772 | |
Deferred taxes | 4,280 | 475 | 1,592 | |
Income tax expense | ₨ 30,345 | $ 415 | ₨ 24,799 | ₨ 25,242 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - INR (₨) ₨ / shares in Units, ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of income tax expense [line items] | |||
Deferred tax asset of unused tax losses not recognized | ₨ 8,676 | ₨ 8,124 | |
Tax loss carry-forwards | 31,993 | 29,736 | |
Tax loss carry-forwards not currently subject to expiration dates | 17,691 | 14,429 | |
Tax loss carry-forwards expires in various years | ₨ 14,302 | 15,307 | |
Tax loss carry-forwards expiration period | 2038 | ||
Deferred tax liabilities on cumulative earnings of subsidiaries | ₨ 59,793 | 56,391 | |
Minimum alternate tax | 0 | 3,425 | |
Decrease of current tax expense due to tax holidays | ₨ 11,458 | ₨ 11,963 | ₨ 15,390 |
Tax incentives per share | ₨ 2.03 | ₨ 2.05 | ₨ 2.56 |
Branch profit tax percentage | 15.00% | ||
Unused tax losses [member] | |||
Disclosure of income tax expense [line items] | |||
Recognized deferred tax assets of loss carry forward | ₨ 1,637 | ₨ 2,044 |
Income Taxes - Summary of Recon
Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||||
Profit before taxes | ₨ 139,007 | $ 1,901 | ₨ 122,512 | ₨ 115,415 |
Enacted income tax rate in India | 34.94% | 34.94% | 34.94% | 34.94% |
Computed expected tax expense | ₨ 48,569 | ₨ 42,806 | ₨ 40,326 | |
Income exempt from tax | (12,697) | (12,930) | (18,469) | |
Basis differences that will reverse during a tax holiday period | (2,268) | 480 | (796) | |
Income taxed at higher/ (lower) rates | (2,381) | (3,122) | (1,002) | |
Taxes related to income of prior years | (3,861) | (116) | (2,267) | |
Changes in unrecognized deferred tax assets | 1,096 | (3,898) | 3,972 | |
Expenses disallowed for tax purpose | 1,879 | 1,785 | 3,503 | |
Others, net | 8 | (206) | (25) | |
Income tax expense | ₨ 30,345 | $ 415 | ₨ 24,799 | ₨ 25,242 |
Effective income tax rate | 21.83% | 21.83% | 20.24% | 21.87% |
Income Taxes - Summary of Com_2
Income Taxes - Summary of Components of Deferred Tax Assets and Liabilities (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||
Carry forward losses | ₨ 1,637 | ₨ 2,044 | |
Trade payables, accrued expenses and other liabilities | 5,115 | 4,994 | |
Allowances for lifetime expected credit loss | 3,208 | 3,921 | |
Minimum alternate tax | 0 | 3,425 | |
Cash flow hedges | 561 | ||
Contract asset | 91 | ||
Others | 90 | ||
Deferred tax assets, Gross1, Total | 10,141 | 14,945 | |
Property, plant and equipment | (1,268) | (686) | |
Amortizable goodwill | (2,065) | (2,166) | |
Intangible assets | (1,249) | (1,541) | |
Interest income and fair value movement of investments | (1,582) | (626) | |
Cash flow hedges | (452) | ||
Contract liabilities | (11) | ||
SEZ Re-investment Reserve | (6,494) | (6,614) | |
Others | (121) | ||
Deferred tax liability, Gross | (13,110) | (11,765) | |
Net deferred tax assets | (2,969) | 3,180 | |
Deferred tax assets | 1,664 | $ 23 | 6,005 |
Deferred tax liabilities | ₨ (4,633) | $ (63) | ₨ (2,825) |
Income Taxes - Movement in Defe
Income Taxes - Movement in Deferred Tax Assets and Liabilities (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | ₨ 3,180 | ₨ 2,187 | ₨ 3,849 |
Credit/(charge) in the consolidated statement of income | (4,280) | (475) | (1,592) |
Credit/(charge) in other comprehensive income | (1,313) | 1,645 | (616) |
On account of business combination | (177) | ||
Other (if any) | (556) | 546 | |
Ending balance | (2,969) | 3,180 | 2,187 |
Carry forward losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 2,044 | 3,149 | 5,694 |
Credit/(charge) in the consolidated statement of income | (230) | (1,287) | (2,879) |
Credit/(charge) in other comprehensive income | (22) | 182 | 334 |
Other (if any) | (155) | ||
Ending balance | 1,637 | 2,044 | 3,149 |
Trade payables, accrued expenses and other liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 4,994 | 3,713 | 3,107 |
Credit/(charge) in the consolidated statement of income | 279 | 1,033 | 295 |
Credit/(charge) in other comprehensive income | (171) | 248 | (22) |
Other (if any) | 13 | 333 | |
Ending balance | 5,115 | 4,994 | 3,713 |
Allowances for lifetime expected credit loss [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 3,921 | 4,521 | 4,499 |
Credit/(charge) in the consolidated statement of income | (734) | (591) | 9 |
Credit/(charge) in other comprehensive income | 21 | (9) | 2 |
Other (if any) | 11 | ||
Ending balance | 3,208 | 3,921 | 4,521 |
Minimum alternate tax [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 3,425 | 74 | |
Credit/(charge) in the consolidated statement of income | (3,425) | 3,425 | (74) |
Ending balance | 3,425 | ||
Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (686) | (1,840) | (2,166) |
Credit/(charge) in the consolidated statement of income | (649) | 1,150 | 219 |
Credit/(charge) in other comprehensive income | 66 | 4 | (94) |
Other (if any) | 1 | 201 | |
Ending balance | (1,268) | (686) | (1,840) |
Amortizable goodwill [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (2,166) | (1,899) | (1,810) |
Credit/(charge) in the consolidated statement of income | 34 | (92) | 16 |
Credit/(charge) in other comprehensive income | 67 | (175) | (105) |
Ending balance | (2,065) | (2,166) | (1,899) |
Intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,541) | (2,295) | (3,190) |
Credit/(charge) in the consolidated statement of income | 759 | 1,021 | 1,076 |
Credit/(charge) in other comprehensive income | (55) | (90) | (181) |
On account of business combination | (177) | ||
Other (if any) | (412) | ||
Ending balance | (1,249) | (1,541) | (2,295) |
Interest income and fair value movement of investments [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (626) | (1,455) | (1,712) |
Credit/(charge) in the consolidated statement of income | (730) | 599 | 186 |
Credit/(charge) in other comprehensive income | (226) | 230 | 71 |
Ending balance | (1,582) | (626) | (1,455) |
Cash flow hedges [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 561 | (604) | 29 |
Credit/(charge) in other comprehensive income | (1,013) | 1,165 | (633) |
Ending balance | (452) | 561 | (604) |
SEZ Re-investment Reserve [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (6,614) | (1,132) | |
Credit/(charge) in the consolidated statement of income | 120 | (5,482) | (1,132) |
Ending balance | (6,494) | (6,614) | (1,132) |
Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (121) | 318 | (403) |
Credit/(charge) in the consolidated statement of income | 195 | (536) | 693 |
Credit/(charge) in other comprehensive income | 16 | 97 | 27 |
Other (if any) | 1 | ||
Ending balance | 90 | (121) | 318 |
Contract asset / (Contract liabilities) [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (11) | (289) | (273) |
Credit/(charge) in the consolidated statement of income | 101 | 285 | (1) |
Credit/(charge) in other comprehensive income | 4 | (7) | (15) |
Other (if any) | (3) | ||
Ending balance | ₨ 91 | ₨ (11) | ₨ (289) |
Dividends, Bonus and Buy Back o
Dividends, Bonus and Buy Back of equity shares - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions, $ in Millions | 12 Months Ended | ||||||
Mar. 31, 2021INR (₨)₨ / sharesshares | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨)₨ / sharesshares | Mar. 31, 2019INR (₨)₨ / shares | Mar. 07, 2019INR (₨)shares | Mar. 08, 2019₨ / shares | ||
Disclosure of dividends [line items] | |||||||
Cash dividends paid per equity share | ₨ / shares | ₨ 1 | ₨ 1 | ₨ 1 | ||||
Interim dividend | ₨ 1 | ₨ 1 | ₨ 1 | ||||
Bonus issue ratio | 33.33% | ||||||
Par value per share | ₨ / shares | ₨ 2 | ₨ 2 | |||||
Bonus issue of equity shares | shares | 1,508,469,180 | ||||||
Bonus issue of equity shares, shares | ₨ 3,016 | ||||||
Number of shares approved for buyback | shares | 237,500,000 | 323,076,923 | |||||
Payments on buyback of shares | ₨ 116,445 | ₨ 105,000 | |||||
Payments on buyback of shares | 95,199 | $ 1,302 | 105,311 | ||||
Reduction in share capital related to buyback | 475 | 646 | |||||
Tax on Buyback of Shares | 21,445 | ||||||
Securities premium reserve [member] | |||||||
Disclosure of dividends [line items] | |||||||
Bonus issue of equity shares, shares | [1] | ₨ (795) | |||||
Payments on buyback of shares | 1,427 | ||||||
Retained earnings [member] | |||||||
Disclosure of dividends [line items] | |||||||
Bonus issue of equity shares, shares | [1] | ₨ (1,454) | |||||
Payments on buyback of shares | 115,018 | 105,000 | |||||
Capital Redemption Reserve [member] | |||||||
Disclosure of dividends [line items] | |||||||
Payments on buyback of shares | ₨ 475 | ₨ 646 | |||||
[1] | Refer to Note 22 |
Additional Capital Disclosure_2
Additional Capital Disclosures - Summary of Capital Structure (Detail) ₨ in Millions, $ in Millions | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Apr. 01, 2019INR (₨) | Mar. 31, 2019INR (₨) |
Capital structure [abstract] | |||||
Equity attributable to the equity shareholders of the Company | ₨ 553,095 | $ 7,564 | ₨ 557,458 | ||
As percentage of total capital | 84.00% | 84.00% | 85.00% | ||
Current loans, borrowings and bank overdrafts | ₨ 75,874 | $ 1,037 | ₨ 73,202 | ||
Long-term loans and borrowings | 7,458 | $ 102 | 4,840 | ||
Lease liabilities | 21,182 | 19,198 | ₨ 15,379 | ||
Total loans, borrowings and bank overdrafts and lease liabilities | ₨ 104,514 | ₨ 97,240 | ₨ 99,467 | ||
As percentage of total capital | 16.00% | 16.00% | 15.00% | ||
Total capital | ₨ 657,609 | ₨ 654,698 | |||
Percentage of change, Equity attributable to the equity shareholders of the Company | (0.78%) | (0.78%) | |||
Percentage of change, Total loans and borrowings | 7.48% | 7.48% | |||
Percentage of change, Total capital (loans and borrowings and equity) | 0.44% | 0.44% |
Additional Capital Disclosure_3
Additional Capital Disclosures - Additional Information (Detail) | Mar. 31, 2021 | Mar. 31, 2020 |
Capital structure [abstract] | ||
Loans and borrowings as a percentage of total capital | 16.00% | 15.00% |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Text block [abstract] | |||
Revenue recognized from contract liabilities | ₨ 16,082 | ₨ 21,193 | |
Amounts reclassified from contract assets to receivables | 15,101 | 13,068 | |
Transaction price allocated to remaining performance obligations | ₨ 384,881 | ₨ 360,033 | ₨ 373,879 |
Percentage of transaction price allocated to remaining performance obligation as revenues | 59.00% | 62.00% | 59.00% |
Explanation of when entity expects to recognise transaction price allocated to remaining performance obligations as revenue | approximately 59%, 62% and 59% respectively is expected to be recognized as revenues within two years, and the remainder thereafter | approximately 59%, 62% and 59% respectively is expected to be recognized as revenues within two years, and the remainder thereafter | approximately 59%, 62% and 59% respectively is expected to be recognized as revenues within two years, and the remainder thereafter |
Revenue - Schedule of Disaggreg
Revenue - Schedule of Disaggregation of Revenues (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₨ 619,430 | ₨ 610,232 | ₨ 585,845 |
Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 379,287 | 369,330 | 350,048 |
Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 232,480 | 229,220 | 221,317 |
IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 602,855 | 590,600 | 563,433 |
IT services [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 372,121 | 362,926 | 343,906 |
IT services [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 230,734 | 227,674 | 219,527 |
IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 164,498 | 156,598 | 156,172 |
IT services [member] | Europe [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 108,591 | 104,165 | 100,023 |
IT services [member] | Europe [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 55,907 | 52,433 | 56,149 |
IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 177,387 | 175,318 | 163,562 |
IT services [member] | Americas1 [Member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 98,868 | 96,876 | 94,787 |
IT services [member] | Americas1 [Member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 78,519 | 78,442 | 68,775 |
IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 178,920 | 180,404 | 167,192 |
IT services [member] | Americas2 [Member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 110,143 | 108,665 | 98,496 |
IT services [member] | Americas2 [Member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 68,777 | 71,739 | 68,696 |
IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 82,050 | 78,280 | 76,507 |
IT services [member] | Asia Pacific Middle East Africa [Member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 54,519 | 53,220 | 50,600 |
IT services [member] | Asia Pacific Middle East Africa [Member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 27,531 | 25,060 | 25,907 |
IT Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,663 | 11,682 | 14,480 |
India State Run Enterprise (ISRE) [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 8,912 | 7,950 | 7,932 |
India State Run Enterprise (ISRE) [member] | Fixed-price and volume based contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,166 | 6,404 | 6,142 |
India State Run Enterprise (ISRE) [member] | Time-and-materials contracts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,746 | 1,546 | 1,790 |
Rendering of Services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 611,767 | 598,550 | 571,365 |
Rendering of Services [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 602,855 | 590,600 | 563,433 |
Rendering of Services [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 164,498 | 156,598 | 156,172 |
Rendering of Services [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 177,387 | 175,318 | 163,562 |
Rendering of Services [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 178,920 | 180,404 | 167,192 |
Rendering of Services [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 82,050 | 78,280 | 76,507 |
Rendering of Services [member] | India State Run Enterprise (ISRE) [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 8,912 | 7,950 | 7,932 |
Sales of Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,663 | 11,682 | 14,480 |
Sales of Products [member] | IT Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,663 | 11,682 | 14,480 |
Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,663 | 11,682 | 14,480 |
Products [member] | IT Products [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 7,663 | 11,682 | 14,480 |
Banking Financial Services and Insurance [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 185,152 | 183,373 | 173,516 |
Banking Financial Services and Insurance [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 56,275 | 53,869 | 55,180 |
Banking Financial Services and Insurance [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 2,609 | 2,151 | 1,874 |
Banking Financial Services and Insurance [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 103,040 | 106,694 | 98,130 |
Banking Financial Services and Insurance [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 23,228 | 20,659 | 18,332 |
Health [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 81,594 | 77,797 | 74,004 |
Health [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 12,390 | 10,090 | 9,968 |
Health [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 64,397 | 63,435 | 60,162 |
Health [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 18 | 105 | 88 |
Health [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 4,789 | 4,167 | 3,786 |
Consumer [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 98,839 | 96,512 | 88,799 |
Consumer [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 17,731 | 16,030 | 15,878 |
Consumer [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 68,258 | 67,980 | 59,991 |
Consumer [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 2,306 | 2,054 | 1,686 |
Consumer [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 10,544 | 10,448 | 11,244 |
Energy, Natural Resources and Utilities [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 78,819 | 75,957 | 72,352 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 31,271 | 29,854 | 28,521 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 426 | 418 | 601 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 27,405 | 26,024 | 24,234 |
Energy, Natural Resources and Utilities [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 19,717 | 19,661 | 18,996 |
Technology [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 78,350 | 75,445 | 76,108 |
Technology [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 16,245 | 18,678 | 19,137 |
Technology [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 35,180 | 32,924 | 33,552 |
Technology [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 21,689 | 20,931 | 20,462 |
Technology [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 5,236 | 2,912 | 2,957 |
Manufacturing [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 48,978 | 47,860 | 46,156 |
Manufacturing [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 22,339 | 20,324 | 19,869 |
Manufacturing [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 265 | 349 | 387 |
Manufacturing [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 23,350 | 23,548 | 21,980 |
Manufacturing [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 3,024 | 3,639 | 3,920 |
Communications [member] | IT services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 31,123 | 33,656 | 32,498 |
Communications [member] | IT services [member] | Europe [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 8,247 | 7,753 | 7,619 |
Communications [member] | IT services [member] | Americas1 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 6,252 | 8,061 | 6,995 |
Communications [member] | IT services [member] | Americas2 [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,112 | 1,048 | 612 |
Communications [member] | IT services [member] | Asia Pacific Middle East Africa [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₨ 15,512 | ₨ 16,794 | ₨ 17,272 |
Expenses by Nature - Summary of
Expenses by Nature - Summary of Expenses by Nature (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | ||
Expenses by nature [abstract] | ||||
Employee compensation | ₨ 332,371 | ₨ 326,571 | ₨ 299,774 | |
Sub-contracting/ technical fees | 83,609 | 90,521 | 94,725 | |
Cost of hardware and software | 7,684 | 11,491 | 13,567 | |
Travel | 5,258 | 18,169 | 17,768 | |
Facility expenses | 20,255 | 19,733 | 22,213 | |
Depreciation, amortization and impairment | [1] | 27,656 | 20,862 | 19,474 |
Communication | 6,069 | 4,812 | 4,561 | |
Legal and professional fees | 5,561 | 4,733 | 4,361 | |
Rates, taxes and insurance | 3,475 | 3,004 | 1,621 | |
Marketing and brand building | 1,011 | 2,532 | 2,714 | |
Lifetime expected credit loss | 1,506 | 1,043 | 980 | |
Miscellaneous expenses | [2] | 4,836 | 5,344 | 11,736 |
Total cost of revenues, selling and marketing expenses and general and administrative expenses | ₨ 499,291 | ₨ 508,815 | ₨ 493,494 | |
[1] | Depreciation, amortization, and impairment includes impairment charge on certain software platforms, capital work-in-progress, property, plant and equipment and intangible assets amounting to ₹ 2,318, Nil and ₹ 2,418, for the year ended March 31, 2019, 2020 and 2021, respectively. | |||
[2] | Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ 5,141 ($ 75 million) paid to National Grid on settlement of a legal claim against the Company and for the year ended March 31, 2021, includes an amount of ₹ 991 towards COVID-19 contributions. |
Expenses by Nature - Summary _2
Expenses by Nature - Summary of Expenses by Nature (Parenthetical) (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2021INR (₨) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | Mar. 31, 2019USD ($) | ||
Disclosure Of Expense [line items] | |||||
Impairment on certain software platform and intangible assets recognized on acquisitions | ₨ 2,418 | ₨ 0 | ₨ 2,318 | ||
Miscellaneous expenses | [1] | 4,836 | ₨ 5,344 | 11,736 | |
Contributions made to Covid - 19 | ₨ 991 | ||||
National Grid on settlement of legal claim [member] | |||||
Disclosure Of Expense [line items] | |||||
Miscellaneous expenses | ₨ 5,141 | $ 75 | |||
[1] | Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ 5,141 ($ 75 million) paid to National Grid on settlement of a legal claim against the Company and for the year ended March 31, 2021, includes an amount of ₹ 991 towards COVID-19 contributions. |
Other Operating Income_(Loss)_3
Other Operating Income/(Loss), Net - Summary of Gain Loss on Sale of Business (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of other operating income [line items] | ||||
Gain on sale | ₨ (81) | $ (1) | ₨ 1,144 | ₨ 4,344 |
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_(Loss)_4
Other Operating Income/(Loss), Net - Summary of Gain Loss on Sale of Business (Parenthetical) (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2019INR (₨) | Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | |
Disclosure of other operating income [line items] | ||||
Goodwill | ₨ 116,980 | ₨ 139,127 | $ 1,902 | ₨ 131,012 |
Intangible assets | ₨ 13,085 | $ 179 | ₨ 16,362 | |
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_(Loss)_5
Other Operating Income/(Loss), Net - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of other operating income [line items] | ||||
Gain on sale | ₨ (81) | $ (1) | ₨ 1,144 | ₨ 4,344 |
Change in fair value of the callable units | ₨ (81) | 992 | ||
Hosted data center services business [member] | ||||
Disclosure of other operating income [line items] | ||||
Cash consideration | 25,432 | |||
Gain on sale | ₨ 3,108 | |||
Workday business [member] | ||||
Disclosure of other operating income [line items] | ||||
Gain on sale | ₨ 152 | |||
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 | |||
Cash consideration | ₨ 24,358 | |||
Amount of units issued by the buyer | ₨ 1,734 |
Finance Expenses - Summary of F
Finance Expenses - Summary of Finance Expense (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of finance expense [abstract] | ||||
Interest expense | ₨ 4,298 | ₨ 5,136 | ₨ 5,616 | |
Exchange fluctuation on foreign currency borrowings, net | 790 | 2,192 | 1,759 | |
Total | ₨ 5,088 | $ 70 | ₨ 7,328 | ₨ 7,375 |
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, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of finance and other income and Foreign exchange gains/(losses), net [abstract] | ||||
Interest income | ₨ 18,442 | ₨ 21,764 | ₨ 20,261 | |
Dividend income | 4 | 367 | 361 | |
Net gain from investments classified as FVTPL | 1,478 | 1,275 | 1,990 | |
Net gain from investments classified as FVTOCI | 988 | 675 | 311 | |
Finance and other income | 20,912 | $ 286 | 24,081 | 22,923 |
Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL | 4,383 | 2,144 | 1,251 | |
Other foreign exchange gains/(losses), net | (1,388) | 1,025 | 1,964 | |
Foreign exchange gains/(losses), net | 2,995 | $ 41 | 3,169 | 3,215 |
Finance and other income and Foreign exchange gains/(losses), net | ₨ 23,907 | ₨ 27,250 | ₨ 26,138 |
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, 2021INR (₨)₨ / sharesshares | Mar. 31, 2021USD ($)$ / sharesshares | Mar. 31, 2020INR (₨)₨ / sharesshares | Mar. 31, 2019INR (₨)₨ / sharesshares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 107,946 | $ 1,476 | ₨ 97,218 | ₨ 90,031 |
Weighted average number of equity shares outstanding | 5,649,265,885 | 5,649,265,885 | 5,833,384,018 | 6,007,376,837 |
Basic earnings per share | (per share) | ₨ 19.11 | $ 0.26 | ₨ 16.67 | ₨ 14.99 |
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, 2021INR (₨)₨ / sharesshares | Mar. 31, 2021USD ($)$ / sharesshares | Mar. 31, 2020INR (₨)₨ / sharesshares | Mar. 31, 2019INR (₨)₨ / sharesshares | |
Earnings per share [abstract] | ||||
Profit attributable to equity holders of the Company | ₨ 107,946 | $ 1,476 | ₨ 97,218 | ₨ 90,031 |
Weighted average number of equity shares outstanding | 5,649,265,885 | 5,649,265,885 | 5,833,384,018 | 6,007,376,837 |
Effect of dilutive equivalent share options | 12,391,937 | 12,391,937 | 14,439,221 | 14,927,530 |
Weighted average number of equity shares for diluted earnings per share | 5,661,657,822 | 5,661,657,822 | 5,847,823,239 | 6,022,304,367 |
Diluted earnings per share | (per share) | ₨ 19.07 | $ 0.26 | ₨ 16.62 | ₨ 14.95 |
Employee Stock Incentive Plan_2
Employee Stock Incentive Plans - Additional Information (Detail) ₨ / shares in Units, ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨)shares₨ / shares | Mar. 31, 2020INR (₨)shares₨ / shares | Mar. 31, 2019INR (₨)shares₨ / shares | Oct. 10, 2019INR (₨) | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Stock compensation expense recognized | ₨ 2,897 | ₨ 1,262 | ₨ 1,938 | |
Financial liability | 188,215 | ₨ 183,788 | ₨ 561 | |
Incremental fair value granted, modified share-based payment arrangements | ₨ 739 | |||
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 | one to four years | |||
Weighted-average grant-date fair value of options granted | ₨ / shares | ₨ 354.78 | ₨ 260.65 | ₨ 349.81 | |
Weighted average share price of options exercised | ₨ / shares | ₨ 354.45 | ₨ 267.04 | ₨ 325.85 | |
Cash settled RSU financial liabilities | ₨ 31 | ₨ 496 | ||
Employee stock option plans and restricted stock unit option [member] | Exercisable Units [Member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Cash settled RSU financial liabilities | ₨ 11 | ₨ 15 | ||
Treasury shares [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Shares held in wipro equity reward trust | shares | 19,401,215 | 22,746,081 | 27,353,853 | |
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 | shares | 2,969,860 | 2,461,500 | 1,567,000 | |
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 | shares | 2,376,980 | 2,524,600 | 1,673,000 |
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, 2021INR (₨)shares₨ / shares | Mar. 31, 2021USD ($)shares$ / shares | Mar. 31, 2020shares₨ / shares$ / shares | Mar. 31, 2019shares | Mar. 31, 2021INR (₨)shares₨ / shares | Mar. 31, 2021USD ($)shares$ / shares | |
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 | shares | 59,797,979 | 59,797,979 | ||||
Range of Exercise Prices | $ / shares | $ 0.03 | $ 0.03 | ||||
Outstanding at the end of the year | $ / shares | $ 0.03 | |||||
Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | 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 2007 (WSRUP 2007 plan) [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | 49,831,651 | 49,831,651 | ||||
Range of Exercise Prices | 2 | ₨ 2 | ||||
Outstanding at the end of the year | 2 | |||||
Wipro Equity Reward Trust Employee Stock Purchase Plan, 2013 [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Number of Options reserved under the plan | shares | 39,546,197 | 39,546,197 | ||||
Range of Exercise Prices | 2 | ₨ 2 | ||||
Outstanding at the end of the year | ₨ 2 | |||||
Employee stock option plans and restricted stock unit option [member] | ||||||
Disclosure of range of exercise prices of outstanding share options [line items] | ||||||
Numbers, Outstanding at the beginning of the year | shares | 4,721,388 | 4,721,388 | 0 | |||
Numbers, Exercised | shares | (845,066) | (845,066) | (429,909) | |||
Numbers, Outstanding at the end of the year | shares | 78,199 | 78,199 | 4,721,388 | 0 | ||
Numbers, Exercisable at the end of the year | shares | 63,999 | 23,999 | 23,999 | |||
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] | ||||||
Outstanding at the beginning of the year | ₨ 2 | |||||
Bonus on outstanding (Refer to Note 22) | ₨ | ₨ 2 | |||||
Range of Exercise Prices | ₨ 2 | ₨ 2 | ₨ 2 | |||
Granted | ₨ 2 | |||||
Exercised | ₨ | ₨ 2 | |||||
Forfeited and expired | ₨ 2 | |||||
Outstanding at the end of the year | ₨ 2 | |||||
Exercisable at the end of the year | ₨ | ₨ 2 | |||||
Numbers, Outstanding at the beginning of the year | 15,594,190 | 15,594,190 | 17,607,463 | 13,543,997 | ||
Numbers, Bonus on outstanding | 4,773,755 | |||||
Numbers, Granted | 6,275,290 | 6,275,290 | 5,662,500 | 4,607,000 | ||
Numbers, Exercised | (3,356,199) | (3,356,199) | (4,610,572) | (2,739,097) | ||
Numbers, Forfeited and expired | (2,681,333) | (2,681,333) | (3,065,201) | (2,578,192) | ||
Numbers, Outstanding at the end of the year | 15,831,948 | 15,831,948 | 15,594,190 | 17,607,463 | ||
Numbers, Exercisable at the end of the year | 1,502,957 | 1,300,781 | 2,679,538 | 2,679,538 | ||
Weighted Average Exercise Price Of Share Options, Modification | ₨ 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] | ||||||
Outstanding at the beginning of the year | $ / shares | $ 0.03 | |||||
Bonus on outstanding (Refer to Note 22) | $ | $ 0.03 | |||||
Range of Exercise Prices | $ / shares | $ 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 | $ / shares | $ 0.03 | ₨ 0.03 | ||||
Exercisable at the end of the year | $ | $ 0.03 | |||||
Numbers, Outstanding at the beginning of the year | 7,854,540 | 7,854,540 | 14,446,790 | 10,199,054 | ||
Numbers, Bonus on outstanding | 0 | 0 | 3,957,434 | |||
Numbers, Granted | 5,033,648 | 5,033,648 | 5,341,000 | 4,849,000 | ||
Numbers, Exercised | (3,269,832) | (3,269,832) | (2,496,125) | (1,541,803) | ||
Numbers, Forfeited and expired | (2,248,895) | (2,248,895) | (3,755,159) | (3,016,895) | ||
Numbers, Outstanding at the end of the year | 10,822,476 | 10,822,476 | 7,854,540 | 14,446,790 | ||
Numbers, Exercisable at the end of the year | 1,212,560 | 948,877 | 465,603 | 465,603 | ||
Weighted Average Exercise Price Of Share Options, Modification | $ / shares | $ 0.03 | |||||
Number Of Share Options, Modification | 3,453,015 | 3,453,015 | (5,681,966) |
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] | 12 Months Ended | |||||
Mar. 31, 2021shares₨ / shares | Mar. 31, 2020shares₨ / shares | Mar. 31, 2019shares₨ / shares | Mar. 31, 2021shares$ / shares | Mar. 31, 2020shares$ / shares | Mar. 31, 2019shares$ / shares | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||||
Number of outstanding share options | shares | 78,199 | 4,721,388 | 0 | 78,199 | 4,721,388 | 0 |
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 | 15,831,948 | 15,594,190 | 17,607,463 | 15,831,948 | 15,594,190 | 17,607,463 |
Weighted average remaining life (Months) | 18 months | 23 months | 24 months | |||
Weighted average exercise price | ₨ / shares | ₨ 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 | 10,822,476 | 7,854,540 | 14,446,790 | 10,822,476 | 7,854,540 | 14,446,790 |
Weighted average remaining life (Months) | 19 months | 23 months | 26 months | |||
Weighted average exercise price | $ / shares | $ 0.03 | $ 0.03 | $ 0.03 |
Employee stock incentive plan_5
Employee stock incentive plans - Disclosure of Activities in Cash Settled Stock Option Plans and Restricted Stock Unit Option Plan Explanatory (Detail) - Employee Stock Option Plans and Restricted Stock Unit Option[member] | 12 Months Ended | |
Mar. 31, 2021shares | Mar. 31, 2020shares | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||
Numbers, Outstanding at the beginning of the year | 4,721,388 | 0 |
Modification | (3,453,015) | 5,681,966 |
Numbers, Exercised | (845,066) | (429,909) |
Forfeited and lapsed | (345,108) | (530,669) |
Numbers, Outstanding at the end of the year | 78,199 | 4,721,388 |
Exercisable at the end of the year | 23,999 | 63,999 |
Employee Benefits - Summary of
Employee Benefits - Summary of Employee Costs (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of defined benefit plans [abstract] | |||
Salaries and bonus | ₨ 318,043 | ₨ 315,036 | ₨ 289,005 |
Employee benefits plans | |||
Gratuity and other defined benefit plans | 2,085 | 1,845 | 1,459 |
Defined contribution plans | 9,346 | 8,428 | 7,372 |
Share based compensation | 2,897 | 1,262 | 1,938 |
Total employee cost | ₨ 332,371 | ₨ 326,571 | ₨ 299,774 |
Employee Benefits - Summary o_2
Employee Benefits - Summary of Employee Benefit Costs (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 332,371 | ₨ 326,571 | ₨ 299,774 |
Cost of revenues [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 282,983 | 279,356 | 251,818 |
Selling and marketing expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | 31,236 | 30,763 | 30,972 |
General and administrative expenses [member] | |||
Disclosure Of employee benefits cost [Line Items] | |||
Employee benefit cost | ₨ 18,152 | ₨ 16,452 | ₨ 16,984 |
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, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Re-measurement of net defined benefit liability/(asset) | |||
Return on plan assets excluding interest income—Loss/(Gain) | ₨ (578) | ₨ 76 | ₨ (49) |
Actuarial loss/ (gain) arising from financial assumptions | 423 | 749 | 73 |
Actuarial loss/ (gain) arising from demographic assumptions | 155 | 227 | (40) |
Actuarial loss/ (gain) arising from experience adjustments | (334) | 194 | (266) |
Defined benefit plan actuarial (gains)/ losses | ₨ (334) | ₨ 1,246 | ₨ (282) |
Employee Benefits - Summary o_4
Employee Benefits - Summary of Change in Plan Assets (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Current service cost | ₨ 2,085 | ₨ 1,782 | ₨ 1,434 |
Net interest on net defined benefit liability/(asset) | 131 | 63 | 25 |
Net charge to statement of income | 2,216 | 1,845 | 1,459 |
Actual return on plan assets | ₨ 1,127 | ₨ 513 | ₨ 607 |
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, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Defined benefit obligation at the beginning of the year | ₨ (2,930) | ||
Current service cost | 2,085 | ₨ 1,782 | ₨ 1,434 |
Interest on obligation | 131 | 63 | 25 |
Remeasurement loss/(gains) | |||
Actuarial loss arising from financial assumptions | (423) | (749) | (73) |
Actuarial loss/(gain) arising from demographic assumptions | (155) | (227) | 40 |
Defined benefit obligation at the end of the year | (1,838) | (2,930) | |
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 | 13,465 | 10,485 | |
Acquisitions | 7 | 229 | |
Current service cost | 2,085 | 1,782 | |
Interest on obligation | 681 | 652 | |
Benefits paid | (1,069) | (1,123) | |
Remeasurement loss/(gains) | |||
Actuarial loss arising from financial assumptions | 423 | 749 | |
Actuarial loss/(gain) arising from demographic assumptions | 155 | 227 | |
Actuarial loss/(gain) arising from experience adjustments | (334) | 194 | |
Translation adjustment | 62 | 270 | |
Defined benefit obligation at the end of the year | ₨ 15,475 | ₨ 13,465 | ₨ 10,485 |
Employee Benefits - Summary o_6
Employee Benefits - Summary of Defined Benefit Plans (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | ||||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||||
Defined benefit obligation at the beginning of the year | ₨ (2,930) | ||||
Remeasurement (loss)/gains | |||||
Return on plan assets excluding interest income—(loss)/gain | 1,127 | ₨ 513 | ₨ 607 | ||
Defined benefit obligation at the end of the year | (1,838) | (2,930) | |||
Present value of unfunded obligation | ₨ (1,838) | ₨ (2,930) | |||
Recognized asset/(liability) | (1,838) | (2,930) | (1,838) | (2,930) | |
Plan assets [member] | |||||
Disclosure of net defined benefit liability (asset) [line items] | |||||
Defined benefit obligation at the beginning of the year | 10,535 | 9,443 | |||
Acquisitions | 0 | 58 | |||
Expected return on plan assets | 550 | 589 | |||
Employer contributions | 1,993 | 383 | |||
Benefits paid | (76) | (95) | |||
Remeasurement (loss)/gains | |||||
Return on plan assets excluding interest income—(loss)/gain | 578 | (76) | |||
Translation adjustment | 57 | 233 | |||
Defined benefit obligation at the end of the year | 13,637 | 10,535 | 9,443 | ||
Recognized asset/(liability) | ₨ 13,637 | ₨ 10,535 | ₨ 9,443 | ₨ 13,637 | ₨ 10,535 |
Employee Benefits - Summary o_7
Employee Benefits - Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans (Detail) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 4.69% | 5.05% |
Expected return on plan assets | 4.69% | 5.05% |
Expected rate of salary increase | 6.57% | 6.60% |
Duration of defined benefit obligations | 9 years | 9 years |
Provident fund [member] | ||
Disclosure of actuarial assumptions [line items] | ||
Discount rate | 5.80% | 6.05% |
Average remaining tenure of investment portfolio | 6 years | 7 years |
Guaranteed rate of return | 8.50% | 8.50% |
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, 2021INR (₨) | |
Disclosure of defined benefit plans [abstract] | |
Expected contribution to the fund during the year ending March 31, 2022 | ₨ 1,787 |
Expected benefit payments from the fund for the year ending March 31, 2022 | 1,802 |
Expected benefit payments from the fund for the year ending March 31, 2023 | 1,417 |
Expected benefit payments from the fund for the year ending March 31, 2024 | 1,406 |
Expected benefit payments from the fund for the year ending March 31, 2025 | 1,385 |
Expected benefit payments from the fund for the year ending March 31, 2026 | 1,361 |
Thereafter | 15,915 |
Total | ₨ 23,286 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2021USD ($) | Mar. 31, 2021INR (₨) | Mar. 31, 2020INR (₨) | |
Cash Settled RSU [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Cash settled | $ | $ 587 | ||
Actuarial assumption of discount rates [member] | |||
Disclosure of defined benefit plans [line items] | |||
Percentage of reasonably possible increase in actuarial assumption | 1.00% | ||
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ (1,508) | ₨ (1,252) | |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ 1,440 | 1,168 | |
Actuarial assumption of expected rates of salary increases [member] | |||
Disclosure of defined benefit plans [line items] | |||
Percentage of reasonably possible decrease in actuarial assumption | 1.00% | ||
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible increase in actuarial assumption | ₨ 864 | 706 | |
Increase/ (decrease) in gratuity benefit obligation due to reasonably possible decrease in actuarial assumption | ₨ (798) | ₨ (658) |
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, 2021 | Mar. 31, 2020 |
Disclosure of defined benefit plans [line items] | ||
Fair value of plan assets | ₨ 71,196 | ₨ 61,397 |
Present value of defined benefit obligation | (71,196) | (61,397) |
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, 2021 | |
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 |
Wipro Opus Mortgage Solutions LLC (formerly known as Opus Capital Markets Consultants, LLC) [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Opus Mortgage Solutions LLC (formerly known as 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 |
Wipro Appirio, Inc. (formerly known as Appirio, Inc) [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio, Inc. (formerly known as Appirio, Inc) |
Country of Incorporation | USA |
Designit North America, Inc. (formerly known as Cooper Software Inc.) [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Designit North America, Inc. (formerly known as Cooper Software Inc.) |
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 |
International TechneGroup Incorporated [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | International TechneGroup Incorporated |
Country of Incorporation | USA |
Wipro Designit Services, Inc. (Formerly known as Rational Interaction, Inc) [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Designit Services, Inc. (Formerly known as Rational Interaction, Inc) |
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 |
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 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 Felelősségű Társaság |
Country of Incorporation | Hungary |
Wipro Holdings Investment Korlátolt Felelősségű Társaság [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Holdings Investment Korlátolt Felelősségű 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 |
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 SP Z.O.O [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 |
Wipro Technologies Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | 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. Sociedad Anonima [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 SAC |
Country of Incorporation | Peru |
Wipro do Brasil Servicos Ltda [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Servicos Ltda (formerly known as IVIA Serviços De Informática ltda) |
Country of Incorporation | Brazil |
Wipro do Brasil Technologia Ltda [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 SRL |
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. W.L.L [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Bahrain Limited Co. W.L.L (formerly known as 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 |
Wipro IT Services Austria GmbH [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services Austria GmbH (formerly known as 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 |
Wipro IT 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 |
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 | Designit 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 |
Health Plan Services Insurance Agency, LLC. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | HealthPlan Services Insurance Agency, LLC |
Country of Incorporation | USA |
International TechneGroup Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | International TechneGroup Ltd. |
Country of Incorporation | U.K. |
ITI Proficiency Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | ITI Proficiency Ltd |
Country of Incorporation | Israel |
Mech Works S.R.L. [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | MechWorks S.R.L. |
Country of Incorporation | Italy |
Rational Consulting Australia Pty Ltd [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Rational Consulting Australia Pty Ltd |
Country of Incorporation | Australia |
Wipro Designit Services Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Designit Services Limited (formerly known as Rational Interaction Limited) |
Country of Incorporation | Ireland |
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 |
Wipro Apprio UK Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio UK Limited (formerly known as Appirio Ltd (UK)) |
Country of Incorporation | U.K. |
Encore Theme Technologies Private Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Encore Theme Technologies Private Limited |
Country of Incorporation | India |
Eximius Design India Private Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Eximius Design India Private Limited |
Country of Incorporation | India |
Wipro VLSI Design Services LLC [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro VLSI Design Services, LLC (formerly known as Eximius Design, LLC) |
Country of Incorporation | USA |
Wipro 4C Danmark ApS [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C Danmark ApS (formerly known as 4C Danmark ApS) |
Country of Incorporation | Denmark |
4C Nederland B.V [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | 4C Nederland B.V |
Country of Incorporation | Netherlands |
Wipro Weare4C UK Limited [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Weare4C UK Limited (formerly known as Weare4C UK Limited) |
Country of Incorporation | U.K. |
Wipro 4C Consulting France SAS [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C Consulting France SAS (formerly known as 4C Consulting France) |
Country of Incorporation | France |
Wipro 4C NV [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro 4C NV (formerly known as 4C NV) |
Country of Incorporation | Belgium |
CloudSocius DMCC [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | CloudSocius DMCC |
Country of Incorporation | UAE |
Wipro Appirio (Ireland) Limited [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro Appirio (Ireland) Limited (formerly known as Appirio Ltd) |
Country of Incorporation | Ireland |
International TechneGroup SRL [member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | International TechneGroup S.R.L. |
Country of Incorporation | Italy |
Women's Business Park Technologies Limited | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Women’s Business Park Technologies Limited * |
Country of Incorporation | Saudi Arabia |
Wipro IT Services UK Societas [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro IT Services UK Societas |
Country of Incorporation | U.K. |
Wipro Do Brasil Servicos De Tecnologia Ltd [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiaries | Wipro do Brasil Servicos de Tecnologia Ltda |
Country of Incorporation | Brazil |
Related Party Relationships a_2
Related Party Relationships and Transactions - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |
Holding percentage | 100.00% |
Receipt of Certain Regulatory Approvals and Confirmations [member] | |
Disclosure of transactions between related parties [line items] | |
Percentage of ownership interest | 16.60% |
Drivestream Inc [member] | |
Disclosure of transactions between related parties [line items] | |
Ownership interest | 43.70% |
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% |
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% |
Encore Theme Technologies Private Limited [member] | |
Disclosure of transactions between related parties [line items] | |
Percentage of ownership interest | 83.40% |
Related Party Relationships a_3
Related Party Relationships and Transactions - Summary of Related Party Transactions (Detail) - INR (₨) ₨ in Millions | 12 Months Ended | |||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | ||
Disclosure of transactions between related parties [line items] | ||||
Dividend | ₨ 4 | ₨ 367 | ₨ 361 | |
Buyback of shares | [1] | 116,445 | 105,000 | |
Entities controlled by directors [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Sales of goods and services | 171 | 43 | 102 | |
Assets purchased | 423 | 741 | 240 | |
Dividend | 3,760 | 3,987 | 3,171 | |
Buyback of shares | 91,562 | 69,392 | ||
Rental income | 50 | 45 | 43 | |
Rent Paid | 2 | 2 | 8 | |
Others | 44 | 119 | 63 | |
Remuneration and short-term benefits | 0 | |||
Other benefits | 0 | |||
Balance as at the year end | ||||
Receivables | 241 | 94 | 132 | |
Payables | 0 | 23 | 8 | |
Key management personnel [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Sales of goods and services | 0 | |||
Assets purchased | 0 | |||
Dividend | 242 | 243 | 191 | |
Buyback of shares | 0 | 4,076 | ||
Rental income | 0 | |||
Rent Paid | 7 | 9 | 5 | |
Others | 0 | |||
Remuneration and short-term benefits | 741 | 354 | 341 | |
Other benefits | 231 | 178 | 173 | |
Balance as at the year end | ||||
Receivables | 0 | |||
Payables | ₨ 333 | ₨ 166 | ₨ 155 | |
[1] | Refer to Note 22 |
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, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Disclosure of transactions between related parties [line items] | |||
Share based compensation | ₨ 2,897 | ₨ 1,262 | ₨ 1,938 |
Other benefits [member] | |||
Disclosure of transactions between related parties [line items] | |||
Share based compensation | ₨ 219 | ₨ 170 | ₨ 166 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - INR (₨) ₨ in Millions | Mar. 31, 2021 | Mar. 31, 2020 |
Disclosure of contingent liabilities [line items] | ||
Capital commitments | ₨ 7,490 | ₨ 14,011 |
Financial guarantee amount | 17,128 | 18,655 |
Tax contingent liability [member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent tax liability | 80,032 | 77,873 |
Excise duty, Custom duty, sales tax and other matters [member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent tax liability | ₨ 11,413 | ₨ 8,033 |
Segment Information - Summary o
Segment Information - Summary of Information on Reportable Segments (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 619,430 | $ 8,469 | ₨ 610,232 | ₨ 585,845 |
Other operating income/(loss), net | (81) | (1) | 1,144 | 4,344 |
Unallocated | 5,153 | 7,732 | 4,475 | |
Segment Result Total | 123,053 | 1,683 | 105,730 | 99,910 |
Finance expense | (5,088) | (70) | (7,328) | (7,375) |
Finance and other income | 20,912 | 286 | 24,081 | 22,923 |
Share of net profit/(loss) of associates accounted for using the equity method | 130 | 2 | 29 | (43) |
Profit before tax | 139,007 | 1,901 | 122,512 | 115,415 |
Income tax expense | (30,345) | (415) | (24,799) | (25,242) |
Profit for the year | 108,662 | $ 1,486 | 97,713 | 90,173 |
Depreciation, amortization and impairment | 27,656 | 20,862 | 19,474 | |
Information Technology Services [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 605,815 | 593,798 | 566,657 | |
Other operating income/(loss), net | (81) | 1,144 | 4,344 | |
Segment Result | 117,778 | 98,797 | 93,603 | |
Unallocated | 5,153 | 7,732 | 4,475 | |
Segment Result Total | 122,850 | 107,673 | 102,422 | |
Information Technology Services [member] | Americas 1 [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 178,091 | 176,115 | 164,321 | |
Segment Result | 33,040 | 27,289 | 23,020 | |
Information Technology Services [member] | Americas 2 [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 179,821 | 181,481 | 168,264 | |
Segment Result | 41,589 | 34,341 | 29,612 | |
Information Technology Services [member] | Europe [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 165,441 | 157,526 | 157,165 | |
Segment Result | 31,673 | 27,617 | 31,550 | |
Information Technology Services [member] | APMEA [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 82,462 | 78,676 | 76,907 | |
Segment Result | 11,476 | 9,550 | 9,421 | |
Information Technology Products [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 7,685 | 11,657 | 14,480 | |
Segment Result | 45 | (323) | (1,038) | |
Segment Result Total | 45 | (323) | (1,038) | |
India State Run Enterprise (ISRE) [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 8,912 | 7,950 | 7,932 | |
Segment Result | 1,061 | (1,849) | (1,892) | |
Segment Result Total | 1,061 | (1,849) | (1,892) | |
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 622,425 | 613,401 | 589,060 | |
Segment Result | 117,981 | 96,854 | 91,091 | |
Material Reconciling Items [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 13 | (4) | (9) | |
Segment Result | (903) | 229 | 418 | |
Segment Result Total | ₨ (903) | ₨ 229 | ₨ 418 |
Segment Information - Additiona
Segment Information - Additional Information (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2021INR (₨)Client | Mar. 31, 2021USD ($)Client | Mar. 31, 2020INR (₨)Client | Mar. 31, 2019INR (₨)Client | Mar. 31, 2019USD ($)Client | |
Disclosure of operating segments [line items] | |||||
No client individually accounted for more than 10% of revenues | Client | 0 | 0 | 0 | 0 | 0 |
Other operating income/(loss) | ₨ (81) | $ (1) | ₨ 1,144 | ₨ 4,344 | |
Stock compensation expense recognized | 2,897 | 1,262 | 1,938 | ||
Revenues | 619,430 | $ 8,469 | 610,232 | 585,845 | |
Contributions made to Covid - 19 | 991 | ||||
Marketing Related Intangible Assets and Software Platform Allocated to IT Services [Member] | |||||
Disclosure of operating segments [line items] | |||||
Impairment charge | 674 | ||||
Unallocated Marketing Related Intangible Assets and Software Platform [Member] | |||||
Disclosure of operating segments [line items] | |||||
Impairment charge | 302 | ||||
Customer-related intangible assets [member] | |||||
Disclosure of operating segments [line items] | |||||
Amortisation, intangible assets other than goodwill | 795 | 0 | 0 | ||
India [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenues | 27,156 | 29,374 | 30,566 | ||
Americas 1 [member] | |||||
Disclosure of operating segments [line items] | |||||
Impairment charge | 1,250 | ||||
Europe [Member] | |||||
Disclosure of operating segments [line items] | |||||
Impairment charge | 192 | ||||
Provision for legal contingencies and claims [member] | |||||
Disclosure of operating segments [line items] | |||||
Expense towards legal claim settlement | 5,141 | $ 75 | |||
Information Technology Services [member] | |||||
Disclosure of operating segments [line items] | |||||
Other operating income/(loss) | (81) | 1,144 | 4,344 | ||
Stock compensation expense recognized | 2,897 | 1,262 | 1,938 | ||
Revenues | 605,815 | 593,798 | 566,657 | ||
Information Technology Services [member] | Americas 1 [member] | |||||
Disclosure of operating segments [line items] | |||||
Revenues | 178,091 | 176,115 | 164,321 | ||
Information Technology Services [member] | Europe [Member] | |||||
Disclosure of operating segments [line items] | |||||
Revenues | ₨ 165,441 | ₨ 157,526 | ₨ 157,165 |
Segment Information - Disclosur
Segment Information - Disclosure of Contribution of Revenue More than 10% from Geographical Areas (Detail) ₨ in Millions, $ in Millions | 12 Months Ended | |||
Mar. 31, 2021INR (₨) | Mar. 31, 2021USD ($) | Mar. 31, 2020INR (₨) | Mar. 31, 2019INR (₨) | |
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 619,430 | $ 8,469 | ₨ 610,232 | ₨ 585,845 |
Operating Segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 622,425 | 613,401 | 589,060 | |
Operating Segments [member] | Revenue greater than 10% percent benchmark | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 403,861 | 403,748 | 374,869 | |
Operating Segments [member] | United States of America [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 336,009 | 338,490 | 315,301 | |
Operating Segments [member] | United Kingdom [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | ₨ 67,852 | ₨ 65,258 | ₨ 59,568 |
Definitive Agreement to Acqui_2
Definitive Agreement to Acquire the IT Units of Metro AG - Additional Information (Details) - 12 months ended Mar. 31, 2021 € in Millions, ₨ in Millions | INR (₨) | EUR (€) |
Text block [abstract] | ||
Advance paid on purchase of asset | ₨ 4,463 | € 52 |
Events after the reporting pe_2
Events after the reporting period - Additional Information (Detail) $ in Thousands, ₨ in Millions, $ in Millions | 1 Months Ended | ||||
Jun. 30, 2021USD ($) | May 31, 2021USD ($) | Jun. 30, 2021INR (₨) | Jun. 30, 2021USD ($) | Apr. 01, 2021AUD ($) | |
Disclosure of Events After Reporting Period [line items] | |||||
Notional amount | $ 750,000 | ||||
Ampion [Member] | Major business combination [member] | |||||
Disclosure of Events After Reporting Period [line items] | |||||
Total consideration | $ 150 | ||||
Ensono Holdings Llc [Member] | |||||
Disclosure of Events After Reporting Period [line items] | |||||
Consideration received | $ 76,240 | ||||
Capco [Member] | |||||
Disclosure of Events After Reporting Period [line items] | |||||
Upfront cash consideration | ₨ | ₨ 108,760 | ||||
Denim Group LLC [member] | |||||
Disclosure of Events After Reporting Period [line items] | |||||
Consideration received | $ 22,420 |