He is a philanthropist and the owner of Wipro limited. In , Asiaweek voted him as the 20 most powerful men in the world. In fact by the Time Magazine he was listed twice among the most influential people. Despite all his great achievements he is known for his modest lifestyle and humane personality.
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Apart from being a business tycoon, he is the Chairman of Wipro and a well-known philanthropist. He is also unofficially regarded as the Czar of the information technology industry of India. Premji was also supposedly the wealthiest person in the country in the six-year span of through according to Forbes.
The same globally-revered magazine also states that as of , he is the fourth richest in India and 61st across the world. As of , his personal wealth totalled to His personal net worth was estimated at During , he was voted in Asia Week as one of the 20 most powerful men in the continent.
TIME Magazine has twice enlisted him among the most influential people in the world — first in and then in Premjiinvest is responsible for managing the personal investment portfolio of Premji, which is estimated to be worth a billion dollars. He is a Gujarati Muslim and his family is originally from Kutch. However, this request was turned down by Mohamed Premji. This is almost equal in importance to a graduate degree in engineering in India.
At that time, Wipro was working out of a small town in Maharashtra named Amalner and dealt in Sunflower Vanaspati, a cooking oil brand, and , a laundry soap that was the byproduct of cooking oil production.
Thanks to his visionary capabilities, he was able to understand the potential of information technology in the s. So, Premji changed the name of his company to Wipro and started to make microcomputers so as to gain entry into the sector for high technology products. In this project, he collaborated with Sentinel Computer Corporation, an American organization.
Very soon, he made a complete shift from fast moving consumer goods to the technology industry. NGOs and Foundations Opened by Azim Premji The life and times of Azim Premji are testament to the fact that he believes in giving back to the society in a meaningful manner and help it go ahead.
In that vein, he has opened a number of charitable institutions and NGOs over the years. He has also taken part in some key charitable initiatives. Azim Premji Foundation The Azim Premji Foundation was established in and is a major part of the philanthropic work done by Premji. It is a not-for-profit entity and its main aim is to come up with contributions that can help in realizing a level of universal education, which, in turn, will lead to a society that has values like justice, equality, humanity and sustainability at its core.
The basic area of work of the foundation is elementary education. Through its work in this sensitive area of education in India, the Azim Premji Foundation is attempting to come up with proofs of concept that can change the very system in which the government-owned schools operate in India.
The emphasis is on improving the quality of education on offer and bringing the schools at par with the best schools across the country. Most of these schools are in the rural area and this is where the foundation has been focusing to a significant extent.
It currently functions in the states mentioned below: Karnataka.
Muhammad Ali Jinnah , founder of Pakistan , invited his father Muhammed Hashem Premji to come to Pakistan, he turned down the request and chose to remain in India. The couple have two children, Rishad and Tariq. It used to manufacture cooking oil under the brand name Sunflower Vanaspati, and a laundry soap called , a byproduct of oil manufacture. The company, which was called Western Indian Vegetable Products at the time, dealt in hydrogenated oil manufacturing but Azim Premji later diversified the company to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. In the s, the young entrepreneur, recognising the importance of the emerging IT field, took advantage of the vacuum left behind by the expulsion of IBM from India, changed the company name to Wipro and entered the high-technology sector by manufacturing minicomputers under technological collaboration with an American company Sentinel  Computer Corporation. This has been done by transferring million equity shares of Wipro Ltd, held by a few entities controlled by him, to the Azim Premji Trust.
Azim Premji Biography
Apart from being a business tycoon, he is the Chairman of Wipro and a well-known philanthropist. He is also unofficially regarded as the Czar of the information technology industry of India. Premji was also supposedly the wealthiest person in the country in the six-year span of through according to Forbes. The same globally-revered magazine also states that as of , he is the fourth richest in India and 61st across the world. As of , his personal wealth totalled to
Azim Premji Biography: Family, Net Worth, Foundation and Awards