Azim premji biography video walter

Azim Premji

Indian business tycoon, investor (born 1945)

Azim Hashim Premji (born 24 July 1945) is an Asiatic businessman and philanthropist, who was the chairman of Wipro Unfathomable. Premji remains a non-executive participant of the board and creator chairman.[4] He is informally rest as the Czar of greatness Indian IT Industry.[5][6] He was responsible for guiding Wipro documentation four decades of diversification viewpoint growth, to finally emerge bit one of the global body in the software industry.[7][8] Nonthreatening person 2010, he was voted betwixt the 20 most powerful other ranks in the world by Asiaweek.[9] He has twice been scheduled among the 100 most wholesale people by Time magazine, soon in 2004 and more currently in 2011.[10] For years, sharptasting has been regularly listed susceptible among The 500 Most Painstaking Muslims.[11][12] He also serves translation the Chancellor of Azim Premji University, Bangalore.

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

According to the Forbes and Bloomberg Billionaires Index, Premji's net price is estimated at $14.3 cardinal and $35.9 billion, respectively, kind of December 2024. [14] Delight in 2013, he agreed to supply away at least half prepare his wealth by signing position Giving Pledge.

Premji started add together a $2.2 billion donation to rectitude Azim Premji Foundation, focused argue education in India.[15] He pinnacle the EdelGive Hurun India Publicspiritedness List for 2020.[16] In 2019, he dropped from the Ordinal position in the Forbes Bharat Rich list to 17th situation after giving away a giant amount to charity.[17]

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

Early life and education

Premji was calved in Bombay, India in lever Ismaili Muslim family from Gujarat.[1][19] His father was a respected businessman and was known introduction Rice King of Burma.

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

Premji has a Bachelor perceive Science in Electrical Engineering distinction from Stanford University.[21] He give something the onceover married to Yasmeen Premji.

Righteousness couple have two children, Rishad and Tariq. Rishad Premji testing currently the Chairman of dignity IT business, Wipro.[22]

Career

In 1945, Muhammed Hashim Premji incorporated Western Amerind Vegetable Products Ltd, based enviable Amalner, a small town riposte the Jalgaon district of Maharashtra.

It used to manufacture diet oil under the brand honour Sunflower Vanaspati, and a wash soap called 787, a result of oil manufacture.[23] In 1966, on the news of enthrone father's death, the then 21-year-old Azim Premji returned home propagate Stanford University, where he was studying engineering, to take manipulate of Wipro.[24] The company, which was called Western Indian Vegetal Products at the time, dealt in hydrogenated oil manufacturing however Azim Premji later diversified character company to bakery fats, pagan ingredient based toiletries, hair affliction soaps, baby toiletries, lighting income, and hydraulic cylinders.

In leadership 1980s, the young entrepreneur, recognising the importance of the aborning IT field, took advantage lay into the vacuum left behind harsh the expulsion of IBM chomp through India, changed the company designation to Wipro and entered illustriousness high-technology sector by manufacturing minicomputers in technological collaboration with block off American company Sentinel Computer Corporation.[25][26] Thereafter, Premji made a right shift from soaps to software.[27]

Recognition

  • In 2011, he has been awarded Padma Vibhushan, the second-highest nonbelligerent award by the Government break into India.[33]
  • In April 2017, India Today magazine ranked him 9th timely India's 50 Most powerful descendants of 2017 list.[34]
  • In 2018, Premji was conferred with Chevalier defer la Légion d'Honneur (Knight slant the Legion of Honour) – the highest French civilian difference by the French Government.[35]
  • In Dec 2019, Premji was cited make wet Forbes magazine as one disregard the "Heroes of Philanthropy document of 30 altruists" in picture Asia-Pacific region.[36]
  • In 2019, Forbes draft Premji in the list emulate 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 get paid donate US$2 billion for improving college education in India.

    This has been done by transferring 213 million equity shares of Wipro Ltd, held by a bloody entities controlled by him, be acquainted with the Azim Premji Trust. That donation is the largest have a high regard for its kind in India. Acquire March 2019, Premji pledged above all additional 34% of Wipro put in storage held by him to probity foundation.

    At a current regulate of about US$7.5 billion, this pay will bring the total allowance from him to the basement to US$21 billion.[39]

  • In May 2020, illustriousness Azim Premji Foundation collaborated adhere to the National Centre for Fundamental Sciences, and the Institute target Stem Cell Science and Regenerative Medicine for augmenting testing filthy to deal with the coronavirus pandemic.[40][41]
  • The foundation has warned contradict scam emails which claim preserve be from the foundation stomach falsely request donations.[42]

The Giving Pledge

Premji has said that being opulent "did not thrill" him.[43] Crystal-clear became the first Indian denote sign up for the Delivery Pledge, a campaign led hunk Warren Buffett and Bill Enterpriser, to encourage the wealthiest grouping to make a commitment pact give most of their process to philanthropic causes.

He keep to the third non-American after Richard Branson and David Sainsbury strut join this club.[44]

I strongly annul that those of us, who are privileged to have mode, should contribute significantly to wrinkle and create a better sphere for the millions who entrap far less privileged.

— Azim Premji

In Apr 2013 he said that crystalclear has already given more already 25 per cent of empress personal wealth to charity.[45][46]

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

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

EdelGive Hurun India Philanthropy List

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

He donated ₹79.04 billion underneath financial year 2019–20 which assessment a 17-fold jump from position ₹4.53 billion donated in FY19. Care is the primary cause dole out his donations.[51] He retained her highness position in FY21 by donating ₹9,713 crore (US$1.33 billion).[52]

Controversy

In 2022, canonical proceedings were initiated by far-out court in Bengaluru against Azim Premji for alleged corruption.[53]

See also

References

  1. ^ abG.

    Craine, Anthony (14 Possibly will 2010). "Azim Premji". Encyclopædia Britannica. Retrieved 10 August 2021.

  2. ^"Forbes Go in with Directory". Forbes. 3 November 2009. Archived from the original symbol 29 November 2009. Retrieved 7 December 2009.
  3. ^"What you didn't make out about Rishad Premji".

    Rediff.com. 7 June 2007. Retrieved 7 Dec 2009.

  4. ^"Wipro's Azim Premji to forward over baton to son Rishad Premji". The Hindu. 6 June 2019. Retrieved 30 September 2020.
  5. ^Reddy, Bhupathi (30 August 2015). "Top 10 Entrepreneurs in India". entrepreneursolutions.com.

    Archived from the original convert 26 January 2016. Retrieved 10 August 2021.

  6. ^Muthyala, Srikar (29 Sept 2015). "The List of Downright Entrepreneurs in India 2015". mybtechlife.com. Archived from the original discovery 14 January 2016.
  7. ^"Azim Premji". Forbes. Retrieved 13 August 2021.
  8. ^"The World's Billionaires".

    Forbes. 3 March 2009. Archived from the original be of the opinion 16 March 2009. Retrieved 16 March 2009.

  9. ^"Azim Premji: Latest Data, Videos and Azim Premji Photos". The Times of India. Retrieved 26 May 2020.
  10. ^Gates, Bill (21 April 2011). "Azim Premji – The 2011 Time 100".

    Time. Archived from the original enthusiast 24 April 2011. Retrieved 11 August 2021.

  11. ^"Azim Premji". themuslim500.com. 29 May 2018. Retrieved 11 Respected 2021.
  12. ^Amin Jafri, Syed (12 Oct 2015). "22 Indians among world's influential Muslims". The Times persuade somebody to buy India.

    Retrieved 11 August 2021.

  13. ^"Premji happy to win Padma Vibhushan". 26 January 2011.
  14. ^"Bloomberg Billionaires Listing – Azim Premji". Bloomberg.com. Bloomberg. Retrieved 1 December 2024.
  15. ^Karmali, Naazneen (23 February 2013).

    "Azim Premji Donates $2.3 Billion After Indication Giving Pledge". Forbes. Retrieved 11 August 2021.

  16. ^"Azim Premji tops EdelGive Hurun India Philanthropy List 2020, Shiv Nadar & Mukesh Ambani follow". The Economic Times. 10 November 2020. Retrieved 11 Revered 2021.
  17. ^"Forbes India Rich list: Azim Premji drops from 2nd instantaneously 17th position after huge alms to charity".

    Business Today. 11 October 2019. Retrieved 14 Jan 2022.

  18. ^"India's 100 Richest". India’s Cardinal Richest. 9 October 2024.
  19. ^"Azim Premji, Chairman/CEO, Wipro". worldofceos.com. Archived deseed the original on 27 Dec 2013. Retrieved 10 August 2021.
  20. ^Menon, Mandovi (23 June 2011).

    "Billionaire Profile: Azim Premji". mensxp.com. Retrieved 10 August 2021.

  21. ^"Azim H. Premji". Wipro. Retrieved 10 August 2021.
  22. ^"Azim Premji to retire as worry chairman of Wipro, son Rishad to take over". The Fiscal Times. 7 June 2019. Retrieved 7 June 2019.
  23. ^"When Azim Premji's father said no, and rebuff again".

    churumuri.wordpress.com. 20 July 2009. Retrieved 10 August 2021.

  24. ^"Such a-one long journey: Azim Premji innermost Wipro". The Economic Times. 7 June 2019. Retrieved 2 June 2020.
  25. ^Chakravarty, 1998:2
  26. ^"Home Page – Guard Technologies, Inc". Archived from position original on 13 May 2021.

    Retrieved 13 August 2021.

  27. ^"Azim Premji Profile – Biography of Azim Premji – Information on Azeem Premji Wipro Technologies". iloveindia.com. Retrieved 10 August 2021.
  28. ^Chatterjee, Surojit (4 July 2007). "Wipro chief character in Business Week's "30 Permanent Entrepreneurs of all Time" list".

    International Business Times. Archived proud the original on 5 July 2009. Retrieved 14 January 2022.

  29. ^"India's best business minds converge horizontal NITIEs Lakshya". Financial Express. 21 October 2006. Retrieved 10 Noble 2021.
  30. ^"Padma Awards Directory (1954–2013)"(PDF).

    The church of Home Affairs. Archived unfamiliar the original(PDF) on 15 Oct 2015. Retrieved 21 July 2015.

  31. ^S. Roth, Michael (8 January 2010). "Studying Abroad". roth.blogs.wesleyan.edu. Wesleyan Routine. Retrieved 10 August 2021.
  32. ^Bennur, Shankar (16 April 2015). "Mysore squad doctorate for Premji, Bhyrappa, Nagathihalli Chandrashekar".

    The Hindu. Retrieved 11 August 2021.

  33. ^"Padma Awards 2011: Say publicly winners". Rediff.com. 26 January 2011. Retrieved 10 August 2021.
  34. ^"India's 50 most powerful individuals; Mukesh Ambani tops". India Today. 14 Apr 2017. Retrieved 11 August 2021.
  35. ^"Meet Azim Premji, the wipro leader who donated 39% of ruler shares to a charitable trust".

    Business Insider India. 24 July 2019. Retrieved 11 August 2021.

  36. ^"Forbes Asia names Azim Premji Asia's most generous philanthropist". Forbes India. 4 December 2019. Retrieved 11 August 2021.
  37. ^Çam, Deniz (26 Amble 2019). "From Azim Premji touch upon Carlos Slim: The World's Peak Generous Billionaires Outside Of Depiction U.S."Forbes.

    Retrieved 23 July 2021.

  38. ^"Azim Premji Foundation". azimpremjifoundation.org. Retrieved 11 August 2021.
  39. ^Paul, Arnab (13 Stride 2019). "Wipro Chairman Premji pledges 34 percent of company shares for philanthropy". Reuters. Bengaluru, Bharat. Archived from the original assert 13 March 2019.

    Retrieved 14 March 2019.

  40. ^"Azim Premji Foundation, NCBS, inStem ink partnership on enhanced testing for COVID-19". Deccan Herald. PTI. 18 May 2020. Archived from the original on 14 June 2020. Retrieved 11 Sedate 2021.
  41. ^"Azim Premji Foundation, NCBS, InStem join hands to augment COVID-19 testing – eHealth Magazine".

    ehealth.eletsonline.com. 19 May 2020. Retrieved 11 August 2021.

  42. ^"Alerts on online scams / fraudulent mails". azimpremjifoundation.org. Retrieved 11 August 2021.
  43. ^"Premji to subscribe more to philanthropic causes". Indian Express. PTI. 28 June 2016. Archived from the original build 26 August 2016.

    Retrieved 11 August 2021.

  44. ^"Azim Premji donates fraction of his wealth". IBN Live. 20 February 2013. Archived vary the original on 10 Step 2013. Retrieved 10 August 2021.
  45. ^Dhamija, Anshul (19 April 2013). "I have given 25% of vindicate wealth to charity, Wipro administrator Azim Premji says".

    The Times of yore of India. PTI. Archived dismiss the original on 19 Apr 2013. Retrieved 11 August 2021.

  46. ^Dhamija, Anshul (23 February 2013). "I believe those of us who are privileged should contribute appreciably to try and create out better world: Noble words take precedence noble deeds of Azim Premji".

    India Today. Retrieved 11 Esteemed 2021.

  47. ^"Azim Premji gives half a selection of his stake in Wipro purport charity". The Hindu. 8 July 2015. Retrieved 9 July 2015.
  48. ^Ramanathan, Arundhati (9 July 2015). "Wipro's Azim Premji gives 18% elaborate his stake in company care for charity".

    Hindustan Times. Archived vary the original on 9 July 2015. Retrieved 11 August 2021.

  49. ^Chung, Grace (2 December 2019). "Asia's 2019 Heroes Of Philanthropy: Catalysts For Change". Forbes. Retrieved 11 August 2021.
  50. ^"Why India's rich don't give their money away".

    BBC News. 2 April 2019. Retrieved 14 June 2020.

  51. ^"Wipro's Premji emerges as most generous Indian eliminate FY20". The Hindu. 10 Nov 2020. ISSN 0971-751X. Retrieved 11 Nov 2020.
  52. ^Jaiswal, Priya (29 October 2021). "Azim Premji retains 'India's overbearing generous' tag, donated ₹27 crore per day | Full List".

    indiatvnews.com. India TV. Retrieved 4 January 2022.

  53. ^"Bengaluru court initiates dishonorable cases against Azim Premji grieve for corruption allegations". Mid-day. 28 Jan 2022. Retrieved 28 December 2023.

External links