Azim Premji Story

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azim premji

Azim Premji, founder of Wipro, one of the country’s leading IT companies, has turned 78 today. Azim Premji was born on 24 July 1945 in Mumbai. According to the EdelGive Hurun India Philanthropy List 2022, Azim Premji donated Rs 484 crore during the financial year 2021-22. Today his company is the third largest IT company in the country. He not only earned money but also donated generously. Azim Premji is counted among the great philanthropists of the country and the world. Azim Premji’s grandfather was associated with rice business. His father Mohammad Hussain Premji also carried forward his father’s business. There was not much profit in the rice business. The losses were increasing. When he took over the business after his father’s death, he tried his hand in many other businesses. In the year 1977, he changed the name of the company to Wipro. Today Wipro is the third largest IT company in the country.

Education of Azim Premji

After completing his school education, Azim Premji went to America to study engineering from Stanford University. However, shortly before he graduated in 1966, his father died suddenly and he had to return home to take control of the business (he had completed his engineering studies in 2000). Azim Premji took over his father’s business in 1966 at the age of 21. At that time the company mainly worked in Hydrogenated oil manufacturing. Soon after assuming control, Premji began looking for diversification opportunities and attempted to expand the business beyond refined oils. The company soon diversified its portfolio to include bakery fats, cosmetics, light bulbs, hair care products and hydraulic cylinders. Since the company no longer dealt only with vegetable products, Premji changed its name to “Wipro” in 1977.

Azim Premji’s family

Azim Premji was born on 24 July 1945 in Mumbai. He is a Gujarati Muslim and his family is originally from Kutch. His father Mohammed Hashem Premji was a famous businessman in his time and was also known as the ‘Rice King of Burma’. When India was partitioned, Pakistan’s founder Muhammad Ali Jinnah had invited Premji’s father to live there. However, Mohammad Premji rejected this request. When did Azim Premji start Wipro Business. Wipro Limited was founded in the year 1945 in Karnataka by Muhammad Hashim Premji, who is the promoter and chairman of the company. The company started as an edible oil producer and then transformed itself into a leading player in the Fast-Moving Consumer Goods and IT Services & Products business. During the year 1994-95 the company closed its five manufacturing.

Azim Premji Net Worth

Azim Premji is one of the wealthiest people in India, perhaps better known for his philanthropy rather than his wealth and business acumen. As of July 2022, Forbes reported that Premji had a net worth of $8.6 billion. Which is said to increase to $9.1 billion by the beginning of the year 2023. He derives his wealth from the ownership of Wipro Limited (WIT), an information technology (IT) company which is India’s fourth largest outsourcer of IT services. Azim Premji will be remembered for his philanthropy.

Azim Premji Foundation

Azim Premji Foundation is a non-profit organization, which has been working with the primary education system in rural government schools since the year 2000. The Foundation has implemented various programs to improve educational quality across the country. But by 2010, it had become clear that working on a “project” mode would not suffice and that any deep change would require sustained efforts over several decades, which could only be achieved by setting up “institutions”. May go. Which are rooted in the local context and can cooperate with local government structures.

Azim Premji Donations

Azim Prem ji has made an annual donation of Rs 484 crore in the year 2022. Software exporter Wipro’s Azim Premji donated Rs 9,713 crore, or Rs 27 crore a day, to maintain his top position among Indian philanthropists in Fiscal Year 2021. Amidst this epidemic of Coronavirus, India has also been affected by it and its outbreak has wreaked havoc in everyone’s daily life. However, there are a lot of things to take care of such as the right medical equipment, facilities, doctors, hospitals, awareness and ensuring that the underprivileged are not neglected at any cost. Azim Premji had earlier donated 34% of Wipro shares in 2019 to Azim Premji Trust and Azim Premji Philanthropist Initiatives. Its cost was Rs 52,750 crore and if calculated in dollars it was $7.5 billion.

Azim Premji Foundation

Azim Premji Foundation is a non-profit organization, which has been working with the primary education system in rural government schools since the year 2000. The Foundation has implemented various programs to improve educational quality across the country. But by 2010, it had become clear that working on a “project” mode would not suffice and that any deep change would require sustained efforts over several decades, which could only be achieved by setting up “institutions”.

 

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