Azim Premji’s career, age, family, education, biography

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Indian businessman, investor, engineer and philanthropist Azim Hashim Premji is the former Chairman of Wipro Limited. Azim Premji was born on July 24, 1945. Premji remains the founding Chairman and a non-executive member of the Board. He is popularly known as the “Czar of Indian IT Industry”. He led Wipro through four decades of expansion and diversification, ultimately becoming one of the global leaders in the software industry. Azim Premji’s zodiac sign is Leo. Azim Premji’s hobbies are hiking, jogging and golfing. Azim Premji’s religion is Islam.

In 2010, he was named one of the 20 most powerful people in the world by Asiaweek. Time magazine included him in its list of the 100 most important people in 2004 and 2011. He has long been ranked as one of the 500 most influential Muslims. He is also the chancellor of Azim Premji University in Bangalore. The Indian government awarded Premji the Padma Bhushan, India’s second-highest civilian award. His net worth is estimated at $32.8 billion, according to the Bloomberg Billionaires Index, making him one of the richest people in India.

In 2013, Premji signed the Giving Pledge, promising to give away at least half of his wealth. Premji first donated $2.2 billion to the Azim Premji Foundation, which supports education in India. He ranked first on the EdelGive Hurun India Philanthropy List 2020. After donating a large sum of money to charity in 2019, he fell from second to 17th on the Forbes India Rich List.

Mr. Azim Premji, who runs the Azim Premji Foundation, a non-profit organization that has been working to help rural government schools provide basic education for the past 17 years, is widely regarded as one of the most powerful men and influential individuals in India.

Family and Education

Azim Premji is a well-known Indian businessman, philanthropist and owner of Wipro Limited. He is reportedly the third largest outsourcer in India. He is the fourth richest person in India and the 61st richest person in the world. Despite his achievements, Premji is known for his simple lifestyle and affable manner.

Azim Premji was born into a Gujarati Muslim family. Azim Premji was born in Mumbai, India. Azim Premji’s father is Muhammad Hashim Premji. His father was a rice king in Burma and a famous businessman. The founder of Pakistan, Muhammad Ali Jinnah, had invited his father, Muhammad Hashim Premji, to visit Pakistan; but he refused and chose to stay in India.

Premji graduated from Stanford University with a Bachelor of Science degree in Electrical Engineering. His wife is Yasmeen Premji. Azim premji’s children are Rishad and Tariq. The current Chief Strategy Officer of Wipro is Rishad Premji.

He is one of the most influential leaders of contemporary India. In addition to the non-profit Azim Premji Foundation, Azim Premji also founded Azim Premji University. The Azim Premji Foundation has 300,000 schools across seven states in India.

marriage

The author, Yasmeen Premji, is the wife of Indian businessman Azim Premji. Yasmeen’s marriage to Azim Premji brought her into a whole new world, although this world was not much different.

The principles of both families were similar, Azim’s mother was a strong, well-educated woman who was charitable and active in social work, much like her mother. Dr. Gurbanu Premji later became Yasmin’s closest friend and philosopher.

Two children are born to Rishad and Tariq. Currently, the Chief Strategy Officer of the IT department of Wipro is Rishad Premji.

Profession

PlayMuhammed Hashim Premji founded Western Indian Vegetable Products Ltd in 1945. The company was headquartered in Amarna, a small village in Jalgaon district in Maharashtra. It produced laundry soap under the brand name 787 and frying oil under the by-product brand Sunflower Vanaspati. In 1966, after learning of his father’s death, Azim Premji, then 21, who was studying engineering at Stanford University, returned home to take over Wipro.

Azim Premji inherited West Indian Vegetable Products Limited (a hydrogenated cooking oil manufacturer) and transformed it into Wipro, an IT consulting and systems integration services provider, which is now one of the largest IT service providers in the world. As of March 2015, the company has operations in 67 countries and a market capitalization of approximately $35 billion.

However, Azim Premji later expanded the company’s product line to include baking fats, toiletries based on ethnic ingredients, hair soaps, baby toiletries, lighting products, and hydraulic cylinders.

The young businessman realised the importance of the growing IT industry in the 1980s and seized the void left by IBM’s exit from India, renamed his company Wipro and entered the high-tech sector by partnering with US-based Sentinel Computer Corporation to produce minicomputers. Premji then shifted his focus from soap to software.

Social Work

Azim Premji believes in contributing to society. In 2001, he founded the non-profit Azim Premji Foundation. With the goal of creating a more just and sustainable society, he hopes to contribute through this foundation by ensuring that all rural India has access to quality education. The organization has projects in several states including Bihar, Pondicherry, Rajasthan, Karnataka and Rajasthan.

He is the first Indian to join the Giving Pledge, led by Warren Buffett and Bill Gates. The campaign aims to convince the world’s richest people to pledge to donate a large portion of their wealth to charitable organizations. According to Premji, having money does not make him happy. He is the first Indian to join the Giving Pledge, led by Warren Buffett and Bill Gates, which calls on the richest people to pledge to donate a large portion of their money to charitable organizations. He is the third non-American to join the organization after Richard Branson and David Sainsbury.

He claimed that he had donated more than 25% of his wealth to charity as of April 2013. In July 2015, he donated another 18% of Wipro’s investments, bringing his total donations to 39%. His lifetime donations total over $21 billion. He was the first Indian to sign the Giving Pledge. In April 2019, Azim Premji became India’s leading philanthropist.

net worth

Azim Premji’s net worth is currently $16.4 billion. In addition to owning 75% of Wipro, Premji also owns many other private funds. Many young people in India look up to him as a role model. His goals have always been clear: hard work and vision always bring the desired results.

India has produced many outstanding industrialists and businessmen, but when it comes to dedication and results, the first person that comes to mind is Mr. Azim Premji. He is also known as the “Czar” of the Indian IT industry.

Wipro is an outsourcing and information technology services provider with over 220,000 employees and its CEO is Premji, who is also the company’s largest shareholder. He now owns a majority stake in the Bangalore, India-based company after transferring over $4 billion worth of shares to his foundation and private equity fund Premji Invest. Mr. Azim Premji is the Chairman of WIPRO, one of India’s largest conglomerates, and a business tycoon investor and philanthropist. With his dedication and perseverance to his principles, he transformed a $2 million hydrogenated cooking oil company into an $8 billion business with operations in 58 countries.

In addition, it is reported that Mr. Premji’s net worth has increased by 30% in recent years. In addition, Mr. Azim Premji also owns 73% of Wipro and a private equity fund called Premji Invest, which manages his $2 billion investment portfolio.

A resident of Bangalore, India, Mr. Premji purchased a luxurious mansion in 2005. The property is worth INR 3,500 crores. He also owns several properties across India. Mr. Azim Premji is the owner of car brands like McLaren, Toyota, BMW, Mercedes Benz, Bentley and Rolls Royce.

Awards and achievements

• 2005 IET Faraday Prize
• 2011 Outstanding Philanthropist of the Year and Legion of Honor
• 2013 Asian Business Leaders Award Lifetime Achievement Award and Corporate Citizen of the Year Award
• In 2004 and 2011, he was included in the list of the 100 most influential people in the world.
• 2015 CNN-IBN Indian Outstanding Achievement Award

Interesting Facts

• Azim Premji was born in Mumbai into a Shia Muslim family with roots from Kutch, Gujarat.
• In 2019, Azim Premji donated his Wipro shares worth $7.6 billion to the education-focused Azim Premji Foundation, and Forbes Asia named him Asia’s most generous philanthropist.
• At the age of 21, Azim Premji enrolled at Stanford University to pursue a Bachelor of Science degree. After his father’s sudden death, he dropped out and took over Wipro. After more than 30 years of study, he finally graduated.
• Azim Premji’s father, Mohammad Hashim Premji, had been allowed to go to Pakistan by the neighboring country’s founding father and first governor-general, Mohammad Ali Jinnah. But his father declined the invitation and stayed in India.
• In 2011, Azim Premji was awarded the Padma Vibhushan, India’s second highest civilian honor.
• Premji has repeatedly expressed his admiration for Jehangir Ratanji Dadabhoi Tata (JRD Tata), the founder of India’s largest business conglomerate, the Tata Group.
• Azim Premji continues to top the list of Indian philanthropists with donations totaling Rs 9,713 crore in FY2021, or Rs 27 crore per day.
• Azim Premkey received an honorary doctorate from Middleton Wesleyan University in 2009.
• According to Forbes, as of July 2022, Premji’s net worth is $8.6 billion.
• Despite giving away a large portion of his wealth, Premji remains one of India’s richest people. He is currently ranked 18th on the Forbes list of India’s 100 richest people.
• Whenever he has time, Azim enjoys hiking and watching movies with his family.
• He idolizes his mother and wants to emulate her behavior.

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