Azim Premji: Difference between revisions

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| caption            = Premji at the [[World Economic Forum]], 2013
| caption            = Premji at the [[World Economic Forum]], 2013
| birth_date        = {{birth date and age|df=yes|1945|7|24}}
| birth_date        = {{birth date and age|df=yes|1945|7|24}}
| birth_place        = [[Bombay]], [[Bombay presidency]], [[British India]]<ref name=ebr>{{cite news|last=G. Craine|first=Anthony|title=Azim Premji|url=https://www.britannica.com/EBchecked/topic/710892/Azim-Premji|work=[[Encyclopædia Britannica]]|date=14 May 2010|access-date=10 August 2021}}</ref>
| birth_place        = [[Bombay]], [[Bombay presidency]], [[British India]]<br>{{small|(Present-day [[Mumbai]], [[Maharashtra]], [[India]])}}<ref name=ebr>{{cite news|last=G. Craine|first=Anthony|title=Azim Premji|url=https://www.britannica.com/EBchecked/topic/710892/Azim-Premji|work=[[Encyclopædia Britannica]]|date=14 May 2010|access-date=10 August 2021}}</ref>
| death_date        =  
| death_date        =  
| death_place        =  
| death_place        =  
| children          = [[Rishad Premji]], Tariq Premji<ref>{{cite web|url=http://www.rediff.com/getahead/2007/jun/07rishad.htm|title=What you didn't know about Rishad Premji|date=7 June 2007|work=[[Rediff.com]]|access-date=7 December 2009}}</ref>
| children          = [[Rishad Premji]], Tariq Premji<ref>{{cite web|url=http://www.rediff.com/getahead/2007/jun/07rishad.htm|title=What you didn't know about Rishad Premji|date=7 June 2007|work=[[Rediff.com]]|access-date=7 December 2009}}</ref>
| alma_mater        = [[Stanford University]] ([[Bachelor of Engineering|B.S.E]])<ref name=forbesbill>{{cite news|url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html|title=Forbes List Directory|date=3 November 2009|work=[[Forbes]]|access-date=7 December 2009| archive-url= https://web.archive.org/web/20091129090553/http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html| archive-date= 29 November 2009 | url-status= live}}</ref>
| alma_mater        = [[Stanford University]] ([[Bachelor of Engineering|B.S.E]])<ref name=forbesbill>{{cite news|url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html|title=Forbes List Directory|date=3 November 2009|work=[[Forbes]]|access-date=7 December 2009| archive-url= https://web.archive.org/web/20091129090553/http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html| archive-date= 29 November 2009 | url-status= live}}</ref>
| occupation        = Founder Chairman of [[wipro]]
| occupation        = Founder Chairman of [[Wipro]]
| honours            = [[Padma Vibhushan]] (2011)
| honours            = [[Padma Vibhushan]] (2011)
| website            =  
| website            =  
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'''Azim Hashim Premji''' (born 24 July 1945) is an Indian businessman and [[Philanthropy|philanthropist]], who was the chairman of [[Wipro Limited]]. Premji remains a non-executive member of the board and founder chairman.<ref>{{cite news|date=6 June 2019|title=Wipro's Azim Premji to hand over baton to son Rishad Premji|work=[[The Hindu]]|url=https://www.thehindu.com/business/wipros-azim-premji-to-hand-over-baton-to-son-rishad-premji/article27583966.ece|url-access=limited|access-date=30 September 2020}}</ref> He is informally known as the Czar of the Indian IT Industry.<ref>{{cite web|author=Reddy|first=Bhupathi|date=30 August 2015|title=Top 10 Entrepreneurs in India|url=https://www.entrepreneurssolutions.com/top-10-entrepreneurs-in-india-1-penchal-reddy-born13th-march-1990residencesingapore-nationalityindianyears-active-years-active-2012-to-presentqualificati/|url-status=usurped|archive-url=https://web.archive.org/web/20160126161619/https://www.entrepreneurssolutions.com/top-10-entrepreneurs-in-india-1-penchal-reddy-born13th-march-1990residencesingapore-nationalityindianyears-active-years-active-2012-to-presentqualificati/|archive-date=26 January 2016|access-date=10 August 2021|publisher=entrepreneursolutions.com}}</ref><ref>{{cite web|url=http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/ |title=The List of Great Entrepreneurs in India 2015 |publisher=mybtechlife.com |first=Srikar |last=Muthyala |date=29 September 2015 |url-status=dead |archive-url=https://web.archive.org/web/20160114000446/http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/ |archive-date=14 January 2016 }}</ref> He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry.<ref name="Forbes.com">{{cite web|url=https://www.forbes.com/profile/azim-premji/|title=Azim Premji|work=[[Forbes]]|access-date=13 August 2021}}</ref><ref>{{cite news|url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html|title=The World's Billionaires|date=3 March 2009|work=[[Forbes]]|access-date=16 March 2009| archive-url= https://web.archive.org/web/20090316053019/http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html| archive-date= 16 March 2009 | url-status= live}}</ref> In 2010, he was voted among the 20 most powerful men in the world by ''[[Asiaweek]]''.<ref>{{Cite web|title=Azim Premji: Latest News, Videos and Azim Premji Photos|url=https://timesofindia.indiatimes.com/topic/Azim-Premji|website=[[The Times of India]]|access-date=26 May 2020}}</ref> He has twice been listed among the [[Time 100|100 most influential people]] by ''[[Time (magazine)|Time]]'' magazine, once in 2004 and more recently in 2011.<ref>{{Cite magazine|first=Bill |last=Gates |author-link=Bill Gates |url=https://content.time.com/time/specials/packages/article/0,28804,2066367_2066369_2066101,00.html |title=Azim Premji – The 2011 Time 100|magazine=[[Time (magazine)|Time]]|archive-url=https://web.archive.org/web/20110424130953/http://www.time.com/time/specials/packages/article/0,28804,2066367_2066369_2066101,00.html|archive-date=24 April 2011|date=21 April 2011|url-status=live |access-date=11 August 2021}}</ref> For years, he has been regularly listed one among ''[[The 500 Most Influential Muslims]]''.<ref>{{Cite web|url=https://www.themuslim500.com/profiles/azim-premji/|title=Azim Premji|date=29 May 2018 |publisher=themuslim500.com|access-date=11 August 2021}}</ref><ref>{{Cite web|first=Syed|last=Amin Jafri|url=https://timesofindia.indiatimes.com/india/22-Indians-among-worlds-influential-Muslims/articleshow/49315830.cms|title=22 Indians among world's influential Muslims|work=[[The Times of India]]|date=12 October 2015|access-date=11 August 2021}}</ref> He also serves as the Chancellor of [[Azim Premji University]], [[Bangalore]]. Premji was awarded [[Padma Vibhushan]], India's second highest civilian award, by the Government of India.<ref>{{cite web | url=https://www.thehindubusinessline.com/economy/Premji-happy-to-win-Padma-Vibhushan/article20053145.ece/amp/ | title=Premji happy to win Padma Vibhushan | date=26 January 2011 }}</ref>
'''Azim Hashim Premji''' (born 24 July 1945) is an Indian businessman and [[Philanthropy|philanthropist]], who was the chairman of [[Wipro Limited]]. Premji remains a non-executive member of the board and founder chairman.<ref>{{cite news|date=6 June 2019|title=Wipro's Azim Premji to hand over baton to son Rishad Premji|work=[[The Hindu]]|url=https://www.thehindu.com/business/wipros-azim-premji-to-hand-over-baton-to-son-rishad-premji/article27583966.ece|url-access=limited|access-date=30 September 2020}}</ref> He is informally known as the Czar of the Indian IT Industry.<ref>{{cite web|author=Reddy|first=Bhupathi|date=30 August 2015|title=Top 10 Entrepreneurs in India|url=https://www.entrepreneurssolutions.com/top-10-entrepreneurs-in-india-1-penchal-reddy-born13th-march-1990residencesingapore-nationalityindianyears-active-years-active-2012-to-presentqualificati/|url-status=usurped|archive-url=https://web.archive.org/web/20160126161619/https://www.entrepreneurssolutions.com/top-10-entrepreneurs-in-india-1-penchal-reddy-born13th-march-1990residencesingapore-nationalityindianyears-active-years-active-2012-to-presentqualificati/|archive-date=26 January 2016|access-date=10 August 2021|publisher=entrepreneursolutions.com}}</ref><ref>{{cite web|url=http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/ |title=The List of Great Entrepreneurs in India 2015 |publisher=mybtechlife.com |first=Srikar |last=Muthyala |date=29 September 2015 |url-status=dead |archive-url=https://web.archive.org/web/20160114000446/http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/ |archive-date=14 January 2016 }}</ref> He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry.<ref name="Forbes.com">{{cite web|url=https://www.forbes.com/profile/azim-premji/|title=Azim Premji|work=[[Forbes]]|access-date=13 August 2021}}</ref><ref>{{cite news|url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html|title=The World's Billionaires|date=3 March 2009|work=[[Forbes]]|access-date=16 March 2009| archive-url= https://web.archive.org/web/20090316053019/http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Azim-Premji_1UFS.html| archive-date= 16 March 2009 | url-status= live}}</ref> In 2010, he was voted among the 20 most powerful men in the world by ''[[Asiaweek]]''.<ref>{{Cite web|title=Azim Premji: Latest News, Videos and Azim Premji Photos|url=https://timesofindia.indiatimes.com/topic/Azim-Premji|website=[[The Times of India]]|access-date=26 May 2020}}</ref> He has twice been listed among the [[Time 100|100 most influential people]] by ''[[Time (magazine)|Time]]'' magazine, once in 2004 and more recently in 2011.<ref>{{Cite magazine|first=Bill |last=Gates |author-link=Bill Gates |url=https://content.time.com/time/specials/packages/article/0,28804,2066367_2066369_2066101,00.html |title=Azim Premji – The 2011 Time 100|magazine=[[Time (magazine)|Time]]|archive-url=https://web.archive.org/web/20110424130953/http://www.time.com/time/specials/packages/article/0,28804,2066367_2066369_2066101,00.html|archive-date=24 April 2011|date=21 April 2011|url-status=live |access-date=11 August 2021}}</ref> For years, he has been regularly listed one among ''[[The 500 Most Influential Muslims]]''.<ref>{{Cite web|url=https://www.themuslim500.com/profiles/azim-premji/|title=Azim Premji|date=29 May 2018 |publisher=themuslim500.com|access-date=11 August 2021}}</ref><ref>{{Cite web|first=Syed|last=Amin Jafri|url=https://timesofindia.indiatimes.com/india/22-Indians-among-worlds-influential-Muslims/articleshow/49315830.cms|title=22 Indians among world's influential Muslims|work=[[The Times of India]]|date=12 October 2015|access-date=11 August 2021}}</ref> He also serves as the Chancellor of [[Azim Premji University]], [[Bangalore]]. Premji was awarded [[Padma Vibhushan]], India's second highest civilian award, by the Government of India.<ref>{{cite web | url=https://www.thehindubusinessline.com/economy/Premji-happy-to-win-Padma-Vibhushan/article20053145.ece/ | title=Premji happy to win Padma Vibhushan | date=26 January 2011 }}</ref>


According to the [[Forbes]] and [[Bloomberg Billionaires Index]], Premji's net worth is estimated at $14.3 billion and $35.9 billion, respectively, as of December 2024. <ref name="Bloomberg">{{Cite news|url=https://www.bloomberg.com/billionaires/profiles/azim-h-premji/ |title=Bloomberg Billionaires Index – Azim Premji|newspaper=Bloomberg.com |publisher=[[Bloomberg L.P.|Bloomberg]]|access-date=1 December 2024}}</ref> In 2013, he agreed to give away at least half of his wealth by signing [[the Giving Pledge]]. Premji started with a $2.2&nbsp;billion donation to the Azim Premji Foundation, focused on education in India.<ref>{{Cite news|url=https://www.forbes.com/sites/naazneenkarmali/2013/02/23/azim-premji-donates-2-3-billion-after-signing-giving-pledge/#59a8169024cd|title=Azim Premji Donates $2.3 Billion After Signing Giving Pledge|last=Karmali|first=Naazneen|work=[[Forbes]]|date=23 February 2013|access-date=11 August 2021}}</ref> He topped the ''EdelGive Hurun India Philanthropy List'' for 2020.<ref>{{Cite news|title=Azim Premji tops EdelGive Hurun India Philanthropy List 2020, Shiv Nadar & Mukesh Ambani follow|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/magazines/panache/azim-premji-tops-hurun-india-philanthropy-list-2020-shiv-nadar-mukesh-ambani-follow/articleshow/79145821.cms|date=10 November 2020|access-date=11 August 2021}}</ref> In 2019, he dropped from the 2nd position in the Forbes India Rich list to 17th position after giving away a huge amount to charity.<ref>{{Cite news|title=Forbes India Rich list: Azim Premji drops from 2nd to 17th position after huge donation to charity|work=[[Business Today (India)|Business Today]]|url=https://www.businesstoday.in/latest/corporate/story/forbes-india-rich-list-2019-azim-premji-down-17th-position-from-2nd-last-year-net-worth-plunges-234675-2019-10-11|date=11 October 2019|access-date=14 January 2022}}</ref>
According to the [[Forbes]] and [[Bloomberg Billionaires Index]], Premji's net worth is estimated at $14.3 billion and $35.9 billion, respectively, as of December 2024. <ref name="Bloomberg">{{Cite news|url=https://www.bloomberg.com/billionaires/profiles/azim-h-premji/ |title=Bloomberg Billionaires Index – Azim Premji|newspaper=Bloomberg.com |publisher=[[Bloomberg L.P.|Bloomberg]]|access-date=1 December 2024}}</ref> In 2013, he agreed to give away at least half of his wealth by signing [[the Giving Pledge]]. Premji started with a $2.2&nbsp;billion donation to the Azim Premji Foundation, focused on education in India.<ref>{{Cite news|url=https://www.forbes.com/sites/naazneenkarmali/2013/02/23/azim-premji-donates-2-3-billion-after-signing-giving-pledge/#59a8169024cd|title=Azim Premji Donates $2.3 Billion After Signing Giving Pledge|last=Karmali|first=Naazneen|work=[[Forbes]]|date=23 February 2013|access-date=11 August 2021}}</ref> He topped the ''EdelGive Hurun India Philanthropy List'' for 2020.<ref>{{Cite news|title=Azim Premji tops EdelGive Hurun India Philanthropy List 2020, Shiv Nadar & Mukesh Ambani follow|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/magazines/panache/azim-premji-tops-hurun-india-philanthropy-list-2020-shiv-nadar-mukesh-ambani-follow/articleshow/79145821.cms|date=10 November 2020|access-date=11 August 2021}}</ref> In 2019, he dropped from the 2nd position in the Forbes India Rich list to 17th position after giving away a huge amount to charity.<ref>{{Cite news|title=Forbes India Rich list: Azim Premji drops from 2nd to 17th position after huge donation to charity|work=[[Business Today (India)|Business Today]]|url=https://www.businesstoday.in/latest/corporate/story/forbes-india-rich-list-2019-azim-premji-down-17th-position-from-2nd-last-year-net-worth-plunges-234675-2019-10-11|date=11 October 2019|access-date=14 January 2022}}</ref>
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==Early life and education==
==Early life and education==
Premji was born in [[Bombay]], India in an [[Isma'ilism| Ismaili Muslim]] family from [[Gujarat]].<ref name="ebr" /><ref>{{cite web|url=http://www.worldofceos.com/dossiers/azim-premji|title=Azim Premji, Chairman/CEO, Wipro|publisher=worldofceos.com|access-date=10 August 2021|archive-url=https://web.archive.org/web/20131227000058/http://www.worldofceos.com/dossiers/azim-premji|archive-date=27 December 2013|url-status=dead}}</ref> His father was a noted businessman and was known as ''Rice King of Burma''. [[Muhammad Ali Jinnah]], founder of [[Pakistan]], invited his father Muhammed Hashim Premji to come to Pakistan, he turned down the request and chose to remain in India.<ref name=bp>{{cite web|first=Mandovi|last=Menon|title=Billionaire Profile: Azim Premji|date=23 June 2011|url=https://www.mensxp.com/work-life/leadership/10244-billionaire-profile-azim-premji.html|publisher=mensxp.com|access-date=10 August 2021}}</ref>
Premji was born in [[Bombay]], British India in an [[Gujarati people|Gujarati]] [[Isma'ilism| Ismaili Muslim]] family.<ref name="ebr" /><ref>{{cite web|url=http://www.worldofceos.com/dossiers/azim-premji|title=Azim Premji, Chairman/CEO, Wipro|publisher=worldofceos.com|access-date=10 August 2021|archive-url=https://web.archive.org/web/20131227000058/http://www.worldofceos.com/dossiers/azim-premji|archive-date=27 December 2013|url-status=dead}}</ref> His father was a noted businessman and was known as ''Rice King of Burma''. [[Muhammad Ali Jinnah]], founder of [[Pakistan]], invited his father Muhammed Hashim Premji to come to Pakistan, he turned down the request and chose to remain in India.<ref name=bp>{{cite web|first=Mandovi|last=Menon|title=Billionaire Profile: Azim Premji|date=23 June 2011|url=https://www.mensxp.com/work-life/leadership/10244-billionaire-profile-azim-premji.html|publisher=mensxp.com|access-date=10 August 2021}}</ref>


Premji has a Bachelor of Science in Electrical Engineering degree from [[Stanford University]].<ref>{{Cite web|url=https://www.wipro.com/leadership/azim-h-premji/|title=Azim H. Premji|publisher=[[Wipro]]|access-date=10 August 2021}}</ref> He is married to Yasmeen Premji. The couple have two children, Rishad and Tariq. [[Rishad Premji]] is currently the Chairman of the IT business, [[Wipro]].<ref>{{cite news | url=https://economictimes.indiatimes.com/tech/ites/azim-premji-to-retire-from-wirpo-on-july-30/articleshow/69675970.cms | title=Azim Premji to retire as executive chairman of Wipro, son Rishad to take over | newspaper=[[The Economic Times]] | date=7 June 2019 | accessdate=7 June 2019}}</ref>
Premji has a Bachelor of Science in Electrical Engineering degree from [[Stanford University]].<ref>{{Cite web|url=https://www.wipro.com/leadership/azim-h-premji/|title=Azim H. Premji|publisher=[[Wipro]]|access-date=10 August 2021}}</ref> He is married to Yasmeen Premji. The couple have two children, Rishad and Tariq. [[Rishad Premji]] is currently the Chairman of the [[Wipro]].<ref>{{cite news | url=https://economictimes.indiatimes.com/tech/ites/azim-premji-to-retire-from-wirpo-on-july-30/articleshow/69675970.cms | title=Azim Premji to retire as executive chairman of Wipro, son Rishad to take over | newspaper=[[The Economic Times]] | date=7 June 2019 | accessdate=7 June 2019}}</ref>


==Career==
==Career==
In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under the brand name Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.<ref>{{Cite web|url=https://churumuri.blog/2009/07/20/when-azim-premjis-father-said-no-and-no-again/|title=When Azim Premji's father said no, and no again |date=20 July 2009 |access-date=10 August 2021 |publisher=churumuri.wordpress.com}}</ref> In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from [[Stanford University]], where he was studying engineering, to take charge of [[Wipro]].<ref>{{Cite news|date=7 June 2019|title=Such a long journey: Azim Premji and Wipro|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/tech/ites/such-a-long-journey-azim-premji-and-wipro/articleshow/69684117.cms?from=mdr|access-date=2 June 2020}}</ref> 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 1980s, the young entrepreneur, recognising the importance of the emerging [[Information technology|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 in technological collaboration with an American company Sentinel Computer Corporation.<ref>Chakravarty, 1998:2</ref><ref>{{Cite web|url=http://www.sentinel.com/|title=Home Page – Sentinel Technologies, Inc|archive-url=https://web.archive.org/web/20210513070215/https://sentinel.com/|archive-date=13 May 2021|access-date=13 August 2021|url-status=dead}}</ref> Thereafter, Premji made a focused shift from soaps to software.<ref>{{cite web|title=Azim Premji Profile – Biography of Azim Premji – Information on Azeem Premji Wipro Technologies|url=http://www.iloveindia.com/indian-heroes/azim-premji.html|publisher=iloveindia.com|access-date=10 August 2021}}</ref>
In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under the brand name Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.<ref>{{Cite web|url=https://churumuri.blog/2009/07/20/when-azim-premjis-father-said-no-and-no-again/|title=When Azim Premji's father said no, and no again |date=20 July 2009 |access-date=10 August 2021 |publisher=churumuri.wordpress.com}}</ref> In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from [[Stanford University]], where he was studying engineering, to take charge of [[Wipro]].<ref>{{Cite news|date=7 June 2019|title=Such a long journey: Azim Premji and Wipro|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/tech/ites/such-a-long-journey-azim-premji-and-wipro/articleshow/69684117.cms?from=mdr|access-date=2 June 2020}}</ref> 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 1980s, the young entrepreneur, recognising the importance of the emerging [[Information technology|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 in technological collaboration with an American company Sentinel Computer Corporation.<ref>Chakravarty, 1998:2</ref><ref>{{Cite web|url=http://www.sentinel.com/|title=Home Page – Sentinel Technologies, Inc|archive-url=https://web.archive.org/web/20210513070215/https://sentinel.com/|archive-date=13 May 2021|access-date=13 August 2021|url-status=dead}}</ref> Thereafter, Premji made a focused shift from soaps to software.<ref>{{cite web|title=Azim Premji Profile – Biography of Azim Premji – Information on Azeem Premji Wipro Technologies|url=http://www.iloveindia.com/indian-heroes/azim-premji.html|publisher=iloveindia.com|access-date=10 August 2021}}</ref>


In 2006, Premji set up his [[family office]] named PremjiInvest (PI).<ref>{{cite news |last1=Chaudhary |first1=Deepti |title=With $1 billion corpus, PremjiInvest plays VC, PE, stockmarket game |url=https://www.livemint.com/Home-Page/7Y0ZAql83Qr7lSuyKqcG0J/With-1-billion-corpus-PremjiInvest-plays-VC-PE-stockmark.html |access-date=2 April 2025 |work=Mint |date=10 June 2008}}</ref><ref>{{cite news |last1=Antony |first1=Anto |title=Tech Tycoon’s Family Office Bets on AI to Prop $10 Billion Fund |url=https://www.bloomberg.com/news/articles/2024-04-28/tech-tycoon-s-family-office-bets-on-ai-to-prop-10-billion-fund |access-date=2 April 2025 |work=Bloomberg |date=29 April 2024}}</ref>
In 2006, Premji set up his [[family office]] named PremjiInvest (PI).<ref>{{cite news |last1=Chaudhary |first1=Deepti |title=With $1 billion corpus, PremjiInvest plays VC, PE, stockmarket game |url=https://www.livemint.com/Home-Page/7Y0ZAql83Qr7lSuyKqcG0J/With-1-billion-corpus-PremjiInvest-plays-VC-PE-stockmark.html |access-date=2 April 2025 |work=Mint |date=10 June 2008}}</ref><ref>{{cite news |last1=Antony |first1=Anto |title=Tech Tycoon's Family Office Bets on AI to Prop $10 Billion Fund |url=https://www.bloomberg.com/news/articles/2024-04-28/tech-tycoon-s-family-office-bets-on-ai-to-prop-10-billion-fund |access-date=2 April 2025 |work=Bloomberg |date=29 April 2024}}</ref>


===Recognition===
===Recognition===

Latest revision as of 11:03, 19 June 2025

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Azim Hashim Premji (born 24 July 1945) is an Indian businessman and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman.[1] He is informally known as the Czar of the Indian IT Industry.[2][3] He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry.[4][5] In 2010, he was voted among the 20 most powerful men in the world by Asiaweek.[6] He has twice been listed among the 100 most influential people by Time magazine, once in 2004 and more recently in 2011.[7] For years, he has been regularly listed one among The 500 Most Influential Muslims.[8][9] He also serves as the Chancellor of Azim Premji University, Bangalore. Premji was awarded Padma Vibhushan, India's second highest civilian award, by the Government of India.[10]

According to the Forbes and Bloomberg Billionaires Index, Premji's net worth is estimated at $14.3 billion and $35.9 billion, respectively, as of December 2024. [11] In 2013, he agreed to give away at least half of his wealth by signing the Giving Pledge. Premji started with a $2.2 billion donation to the Azim Premji Foundation, focused on education in India.[12] He topped the EdelGive Hurun India Philanthropy List for 2020.[13] In 2019, he dropped from the 2nd position in the Forbes India Rich list to 17th position after giving away a huge amount to charity.[14]

In December 2024, Premji was ranked 19th on the Forbes list of India’s 100 richest tycoons, with a net worth of $32.2 billion.[15]

Early life and education

Premji was born in Bombay, British India in an Gujarati Ismaili Muslim family.[16][17] His father was a noted businessman and was known as Rice King of Burma. Muhammad Ali Jinnah, founder of Pakistan, invited his father Muhammed Hashim Premji to come to Pakistan, he turned down the request and chose to remain in India.[18]

Premji has a Bachelor of Science in Electrical Engineering degree from Stanford University.[19] He is married to Yasmeen Premji. The couple have two children, Rishad and Tariq. Rishad Premji is currently the Chairman of the Wipro.[20]

Career

In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under the brand name Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.[21] In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from Stanford University, where he was studying engineering, to take charge of Wipro.[22] 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 1980s, 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 in technological collaboration with an American company Sentinel Computer Corporation.[23][24] Thereafter, Premji made a focused shift from soaps to software.[25]

In 2006, Premji set up his family office named PremjiInvest (PI).[26][27]

Recognition

File:The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan Award to Shri Azim Premji, at an Investiture Ceremony II, at Rashtrapati Bhavan, in New Delhi on April 01, 2011.jpg
The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan Award to Shri Azim Premji, at an Investiture Ceremony II, at Rashtrapati Bhavan, in New Delhi on April 01, 2011
  • In 2011, he has been awarded Padma Vibhushan, the second-highest civilian award by the Government of India.[33]
  • In April 2017, India Today magazine ranked him 9th in India's 50 Most powerful people of 2017 list.[34]
  • In 2018, Premji was conferred with Chevalier de la Légion d'Honneur (Knight of the Legion of Honour) – the highest French civilian distinction by the French Government.[35]
  • In December 2019, Premji was cited by Forbes magazine as one of the "Heroes of Philanthropy list of 30 altruists" in the Asia-Pacific region.[36]
  • In 2019, Forbes put Premji in the list of the world's most generous philanthropists outside of the US.[37]

Philanthropy

Azim Premji Foundation

  • In 2001, he founded Azim Premji Foundation, a non-profit organization.[38]
  • In December 2010, he pledged to donate US$2 billion for improving school education in India. This has been done by transferring 213 million equity shares of Wipro Ltd, held by a few entities controlled by him, to the Azim Premji Trust. This donation is the largest of its kind in India. In March 2019, Premji pledged an additional 34% of Wipro stock held by him to the foundation. At a current value of about US$7.5 billion, this allocation will bring the total endowment from him to the foundation to US$21 billion.[39]
  • In May 2020, the Azim Premji Foundation collaborated with the National Centre for Biological Sciences, and the Institute for Stem Cell Science and Regenerative Medicine for augmenting testing infrastructure to deal with the coronavirus pandemic.[40][41]
  • The foundation has warned against scam emails which claim to be from the foundation and falsely request donations.[42]

The Giving Pledge

Premji has said that being rich "did not thrill" him.[43] He became the first Indian to sign up for the Giving Pledge, a campaign led by Warren Buffett and Bill Gates, to encourage the wealthiest people to make a commitment to give most of their wealth to philanthropic causes. He is the third non-American after Richard Branson and David Sainsbury to join this club.[44]

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I strongly believe that those of us, who are privileged to have wealth, should contribute significantly to try and create a better world for the millions who are far less privileged.

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In April 2013 he said that he has already given more than 25 per cent of his personal wealth to charity.[45][46]

In July 2015, he gave away an additional 18% of his stake in Wipro, taking his total contribution so far to 39%.[47][48]

The first Indian to sign the Giving Pledge, his lifetime giving now stands at US$21 billion.[49] In April 2019, Azim Premji became the top Indian philanthropist.[50]

EdelGive Hurun India Philanthropy List

Azim Premji topped the list of "India's most generous" released by Hurun India and EdelGive on 10 November 2020. He donated ₹79.04 billion in financial year 2019–20 which is a 17-fold jump from the ₹4.53 billion donated in FY19. Education is the primary cause for his donations.[51] He retained his position in FY21 by donating ₹9,713 crore (US$1.33 billion).[52]

Controversy

In 2022, legal proceedings were initiated by a court in Bengaluru against Azim Premji for alleged corruption.[53]

See also

References

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External links

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