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Loans, borrowings and bank overdrafts - Summary of Current and Non-Current Borrowings (Detail)
₨ in Millions, $ in Millions
Mar. 31, 2023
INR (₨)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
INR (₨)
Mar. 31, 2021
INR (₨)
Non-current        
Unsecured Notes 2026 [1] ₨ 61,272   ₨ 56,403  
Loans from institutions other than banks 0   60  
Total 61,272 $ 745 56,463  
Current        
Borrowings from banks 88,745   95,143  
Loans from institutions other than banks 57   87  
Bank overdrafts 19   3 ₨ 130
Current borrowings and current portion of non-current borrowings 88,821 $ 1,081 95,233  
Borrowings [2] ₨ 150,093   ₨ 151,696  
[1] On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$ 750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50% per annum and will mature on June 23, 2026. The Notes were issued at the discounted price of 99.636% against par value and have an effective interest rate of 1.6939% after considering the issue expenses and discount of ₹ 501 (US$ 6.7 million). Interest on the Notes is payable semi-annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST).
[2]

(1) Includes future cash outflow towards estimated interest on borrowings and lease liabilities.