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Azim Premji

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Azim Hashim Premji

Azim Hashim Premji at theWorld Economic Forumin

Davos, Switzerlandin 2007

Born24 July 1945 (age 66)

Mumbai, India[1]

Residence Bangalore,India[2]

Nationality Indian

Ethnicity Kutchhi

Alma materStanford University(dropped out 1966,

completed 1999)[2]
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Occupation Chairman ofWipro

Net worth US$15.9billion(2012)[3]

Religion Islam

Spouse Yasmeen

Children Rishad, Tariq[4]

Signature

Website

Azim Premji

Azim Hashim Premji (born 24 July 1945) is an Indianbusiness tycoonandphilanthropistwhois the chairman ofWipro Limited, guiding the company through four decades of diversificationand growth to emerge as one of the Indian leader in the software industry. According toForbes,

he is currently the third wealthiest Indian, and 41th richest in the world, with a personal wealthof US$15.9 billion in 2012.[3][5]In 2000, he was voted among the 20 most powerful men in theworld by Asiaweek. He has twice been listed among the 100 most influential people by TIMEMagazine, once in 2004 and more recently in 2011.[6]Premji owns 74% of Wipro Limited,which started off manufacturing hydrogenated cooking fats along with consumer products. Itgrew from a company of US $2.5 million to a giant of almost $7 billion under Premji'sleadership. Wipro Technologies, the Global IT Business of the company, is one of India's largestsoftware companies and is ranked among the top 100 technology companies globally
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Early life and career

He studied atSt. Mary's School, Mumbai.

When Azim Premji took over as its head, Wipro dealt in hydrogenated cooking fats and later

diversified to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries,lighting products, and hydraulic cylinders. Thereafter Premji made a focused shift from soaps tosoftware.[8]The Amalner-based vanaspathi manufacturing company, the Western India Productslater became Wipro Products Ltd and Wipro Limited subsequently. Under Premjis leadershipWipro embarked on an ambitious phase of expansion and diversification. The Company beganmanufacturing light bulbs with and other consumer products including soaps, baby care products,shampoos, powder etc.

In the 1980s Wipro entered the IT field, taking advantage of the exit of IBM from the Indianmarket in 1975. Thus, Wipro started manufacturing computer hardware, software developmentand related items, under a special license from Sentinel. As a result, the $1.5 million company in

hydrogenated cooking fats grew within a few decades to an over $6 billion diversified, integratedcorporation in services, medical systems, technology products and consumer items with officesworldwide. The companys IT division became the world's first to win SEI CMM level 5 andPCMM Level 5 (People Capability Maturity Model) certification, the latest in quality standards.A large percentage of the companys revenues are generated by the IT division. Wipro workswith leading Fortune 500 companies. Wipro also has a joint venture in Medical Systems withGeneral Electric company.[1]

[edit] Personal life

Azim Premji is married to Yasmeen.The couple have two children, Rishad and Tariq. Rishad is married toAditi and is currently the Chief Strategy Officer of IT Business, Wipro

Honours and awards

Premji has been recognized by Business Week as one of the Greatest Entrepreneurs[30]for beingresponsible for Wipro emerging as one of the worlds fastest growing companies. In 2000, he

was conferred an honorary doctorate by theManipal Academy of Higher Education.

In 2006, Azim Premji was awarded Lakshyalkhjkl Business Visionary byNational Institute ofIndustrial Engineering, Mumbai.[31]

He was awarded a Doctor of Literature (D.Litt.), an honorary degree, from the Aligarh MuslimUniversity on the 18th of June 2008 on the occasion of 58th Convocation Ceremony of theUniversity.
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In 2009, he was awarded an honorary doctorate fromWesleyan Universityin Middletown,Connecticut for his outstanding philanthropic work.[32]In 2005 the government of India honoredhim with the title ofPadma Bhushanfor his outstanding work in trade and commerce.

In 2011, he has been awardedPadma Vibhushan, the second highest civilian award by the

Government of India

Philanthropy

[edit] Wipro Equity Reward Trust

In 1984, Azim Premji established the Wipro Equity Reward Trust[34]to allow employees toacquire stake in Wipro's success and growth. The WERT, which is administered by a Board ofTrustees is designed to give eligible employees the right to receive restricted shares and othercompensation benefits at the stipulated times and conditions. Such compensation benefits includevoluntary contributions, loans, interest and dividends on investments in the WERT and othersimilar benefits. Shares from the WERT are issued in the joint names of the WERT and theemployee until such restrictions and obligations are fulfilled by the employee. After a four-yearperiod, complete ownership of the shares is transferred to the employee.

If employment is terminated by death, disability or retirement, his or her restricted shares aretransferred to the employees legal heirs or continue to be held by the employee, as the case may

be, and such individuals may exercise any rights to those shares for up to 90 days afteremployment has ceased.

[edit] Azim Premji Foundation and University

In 2001, he founded Azim Premji Foundation, a not-for-profit organization, with a vision tosignificantly contribute to achieving quality universal education that facilitates a just, equitable,humane and sustainable society. The Foundation works in the area of elementary education topilot and develop 'proofs of concept' that have a potential for systemic change in India's 1.3million government-run schools. A specific focus is on working in rural areas where the majorityof these schools exist. This choice to work with elementary education (Class I to VIII) in ruralgovernment-run is a response to evidence of educational attainment in India. In December 2010,Premji pledged to donate $2 billion for improving school education in India. This has been doneby transferring 213 million equity shares of Wipro Ltd, held by a few entities controlled by him,to the Azim Premji Trust.[39] This donation is the largest of its kind by any Indian billionaire.The Azim Premji University was established under the Azim Premji University Act 2010 of theGovernment of Karnataka[38] to run programmes to develop education and developmentprofessionals, offer alternative models for educational change and also invest in educationalresearch to continuously stretch the boundaries of educational thinking. Currently the universityconducts three degree awarding programmes:
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Masters in Development,

Masters in Education,

Masters in Teacher Education[35]

The Continuing Education Programme aims to transform existing talent in the fields of education

and development. The programme is facilitated by the University Resource Centre whichprovides learning content and capacity building programmes for professionals in education anddevelopment through short-term certified courses.

The URC is being developed with a view to conduct relevant and meaningful research into theeducation system, especially in India. These researches shall be in a manner that facilitatesproactive reforms to the existing education system
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Azim Premji

Azim Premji (born July 24, 1945) is an Indian businessman, and the richest person in the country (from

1999 to 2005 according to Forbes). He is a graduate in Electrical Engineering from Stanford University,

USA. At the age of 21, Premji joined Wipro, his father's vegetable oil business (then) (in 1966) after thesudden demise of his father

In 2000, he was voted among the 20 most powerful men in the world by Asiaweek. He was also among

the 50 richestpeoplein the world from 2001 to 2003 according to Forbes. According to a 2003 BBC

report, he is "regarded as an Indian Bill Gates". In April 2004, he was rated among the 100 most

influential people in the world by Time magazine. His assets include 74% of Wipro, the remaining 26

percent belonging to the cofounder of Wipro. Premji is now the chairman of Wipro. Wipro grew from a

company of US $1.5 million to a giant of $1.4 billion under his leadership. Premji's company dealt in

hydrogenated cooking fats, along with consumer products. Now, however Wipro is one of India's largest

software companies and is ranked among the top 100 technology companies globally

July 24: July 24 is the 205th day (206th in leap years) of the year in the Gregorian Calendar,with 160 days remaining....1945: 1945 was a common year starting on Monday (link will take you to calendar)....

India: The Republic of India is a country in South Asia which comprises most of the Indiansubcontinent. India has a coastline which stretches over seven thousand kilometres, and shares

its borders with Pakistan to the west, the People's Republic of China, Nepal, and Bhutan to the

northeast, and Bangladesh
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Biography

Born: July 24, 1945

Achievements: Chairman of Wipro Technologies; Richest Indian for the past several years;

Honored with Padma Bhushan in 2005.

Azim Premji is Chairman of Wipro Technologies, one of the largest software companies in India. He

is an icon among Indian businessmen and his success story is a source of inspiration to a number of

budding entrepreneurs.

Born on July 24, 1945, Azim Hashim Premji was studying Electrical Engineering from Stanford

University, USA when due to the sudden demise of his father, he was called upon to handle the

family business. Azim Premji took over the reins of family business in 1966 at the age of 21.

At the first annual general meeting of the company attended by Azeem Premji, a shareholder

doubted Premji's ability to handle business at such a young age and publicly advised him to sell his

shareholding and give it to a more mature management. This spurred Azim Premji and made him allthe more determined to make Wipro a success story. And the rest is history.

When Azim Premji occupied the hot seat, Wipro dealt in hydrogenated cooking fats and later

diversified to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting

products and hydraulic cylinders. Thereafter Premji made a focused shift from soaps to software.

Under Azim Premji's leadership Wipro has metamorphosed from a Rs.70 million company in

hydrogenated cooking fats to a pioneer in providing integrated business, technology and process

solutions on a global delivery platform. Today, Wipro Technologies is the largest independent R&D

service provider in the world.

Azim Premji has several achievements to his credit. In 2000, Asiaweek magazine, voted Premji

among the 20 most powerful men in the world. Azim Premji was among the 50 richest people in the

world from 2001 to 2003 listed by Forbes. In April 2004, Times Magazine, rated him among the 100

most influential people in the world by Time magazine. He is also the richest Indian for the past

several years. In 2005,Government of India honored Azim Premji with Padma Bhushan.


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Documents

Azime H Priem Ji