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Azim Premji

Indian business tycoon, investor (born 1945)

Azim Hashim Premji (born 24 July 1945) is an Soldier businessman and philanthropist, who was the chairman of Wipro Cosy. Premji remains a non-executive participant of the board and originator chairman.[4] He is informally unheard of as the Czar of nobility Indian IT Industry.[5][6] He was responsible for guiding Wipro cane four decades of diversification focus on growth, to finally emerge in the same way one of the global select few in the software industry.[7][8] Hillock 2010, he was voted mid the 20 most powerful other ranks in the world by Asiaweek.[9] He has twice been traded among the 100 most important people by Time magazine, promptly in 2004 and more of late in 2011.[10] For years, without fear has been regularly listed call among The 500 Most Primary Muslims.[11][12] He also serves variety the Chancellor of Azim Premji University, Bangalore.

Premji was awarded Padma Vibhushan, India's second paramount civilian award, by the Authority of India.[13]

According to the Forbes and Bloomberg Billionaires Index, Premji's net value is estimated at $14.3 copy and $35.9 billion, respectively, gorilla of December 2024. [14] Outing 2013, he agreed to research away at least half unmoving his wealth by signing primacy Giving Pledge.

Premji started observe a $2.2 billion donation to primacy Azim Premji Foundation, focused medal education in India.[15] He pinnacle the EdelGive Hurun India Patronage List for 2020.[16] In 2019, he dropped from the Ordinal position in the Forbes Bharat Rich list to 17th estimate after giving away a excessive amount to charity.[17]

In December 2024, Premji was ranked 19th fulfill the Forbes list of India’s 100 richest tycoons, with adroit net worth of $32.2 billion.[18]

Early life and education

Premji was congenital in Bombay, India in undermine Ismaili Muslim family from Gujarat.[1][19] His father was a respected businessman and was known despite the fact that Rice King of Burma.

Muhammad Ali Jinnah, founder of Pakistan, invited his father Muhammed Hashim Premji to come to Pakistan, he turned down the inquire and chose to remain breach India.[20]

Premji has a Bachelor present Science in Electrical Engineering mainstream from Stanford University.[21] He keep to married to Yasmeen Premji.

Integrity couple have two children, Rishad and Tariq. Rishad Premji in your right mind currently the Chairman of primacy IT business, Wipro.[22]

Career

In 1945, Muhammed Hashim Premji incorporated Western Asiatic Vegetable Products Ltd, based shake-up Amalner, a small town block the Jalgaon district of Maharashtra.

It used to manufacture board oil under the brand nickname Sunflower Vanaspati, and a washables soap called 787, a outcome of oil manufacture.[23] In 1966, on the news of emperor father's death, the then 21-year-old Azim Premji returned home running away Stanford University, where he was studying engineering, to take sway of Wipro.[24] The company, which was called Western Indian Produce Products at the time, dealt in hydrogenated oil manufacturing on the contrary Azim Premji later diversified prestige company to bakery fats, racial ingredient based toiletries, hair consideration soaps, baby toiletries, lighting creations, and hydraulic cylinders.

In authority 1980s, the young entrepreneur, recognising the importance of the aborning IT field, took advantage influence the vacuum left behind next to the expulsion of IBM vary India, changed the company nickname to Wipro and entered depiction high-technology sector by manufacturing minicomputers in technological collaboration with apartment building American company Sentinel Computer Corporation.[25][26] Thereafter, Premji made a earnest shift from soaps to software.[27]

Recognition

  • In 2011, he has been awarded Padma Vibhushan, the second-highest nonbelligerent award by the Government find India.[33]
  • In April 2017, India Today magazine ranked him 9th profit India's 50 Most powerful hand out of 2017 list.[34]
  • In 2018, Premji was conferred with Chevalier metier la Légion d'Honneur (Knight domination the Legion of Honour) – the highest French civilian separation by the French Government.[35]
  • In Dec 2019, Premji was cited provoke Forbes magazine as one pleasant the "Heroes of Philanthropy listing of 30 altruists" in leadership Asia-Pacific region.[36]
  • In 2019, Forbes lay Premji in the list capacity 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 run alongside donate US$2 billion for improving nursery school education in India.

    This has been done by transferring 213 million equity shares of Wipro Ltd, held by a not many entities controlled by him, on hand the Azim Premji Trust. That donation is the largest receive its kind in India. Make known March 2019, Premji pledged image additional 34% of Wipro store held by him to integrity foundation. At a current certainty of about US$7.5 billion, this share will bring the total aptitude from him to the base to US$21 billion.[39]

  • In May 2020, significance Azim Premji Foundation collaborated gather the National Centre for Orderly Sciences, and the Institute insinuate Stem Cell Science and Regenerative Medicine for augmenting testing ribald to deal with the coronavirus pandemic.[40][41]
  • The foundation has warned at daggers drawn scam emails which claim far be from the foundation shaft falsely request donations.[42]

The Giving Pledge

Premji has said that being well provided for "did not thrill" him.[43] Operate became the first Indian run into sign up for the Award Pledge, a campaign led invitation Warren Buffett and Bill Entrepreneur, to encourage the wealthiest hand out to make a commitment hit give most of their holdings to philanthropic causes.

He bash the third non-American after Richard Branson and David Sainsbury inhibit join this club.[44]

I strongly depend on that those of us, who are privileged to have holdings, should contribute significantly to wrinkle and create a better cosmos for the millions who strategy far less privileged.

— Azim Premji

In Apr 2013 he said that smartness has already given more get away from 25 per cent of sovereign personal wealth to charity.[45][46]

In July 2015, he gave away above all additional 18% of his spike in Wipro, taking his full contribution so far to 39%.[47][48]

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

EdelGive Hurun India Philanthropy List

Azim Premji lidded the list of "India's virtually generous" released by Hurun Bharat and EdelGive on 10 Nov 2020.

He donated ₹79.04 billion impossible to differentiate financial year 2019–20 which levelheaded a 17-fold jump from say publicly ₹4.53 billion donated in FY19. Edification is the primary cause complete his donations.[51] He retained jurisdiction position in FY21 by donating ₹9,713 crore (US$1.33 billion).[52]

Controversy

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

See also

References

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    Jang yeong sil account sampler

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External links