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16 Things You Should Know About Indian Business Tycoon, Azim Premji

Published on 26 November, 2015 at 12:00 pm By

Azim Premji is an inspiration to millions of entrepreneurs in India due to his business ethic and philanthropic work. For Azim Premji, it is not only money that matters but he is more people-minded and thinks about people and their well-being. This Indian business tycoon is consistently featured in Forbes and other magazines due to his business morals. Here we mention a few things about him:


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1. Originally from Kutch in Gujarat, Azim Hashim Premji was born on 24 July 1945 in Bombay in a Nizari Ismaili Shia Muslim family.

 

2. Premji has a Bachelor of Science in Electrical Engineering (equivalent to a Bachelor of Engineering degree) from Stanford University, USA.

 

3. This business tycoon is husband to Yasmeen and father of two sons – Rishad and Tariq.

Rishad is currently the Chief Strategy Officer of Wipro’s IT Business.

 

4. Premji is currently the Chairman of Wipro Limited, an investor and a philanthropist.

 

5. Azim Premji’s Wipro is the second-largest hydraulic cylinder company in the world.


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6. Premji’s journey from soaps to IT software is remarkable. He saw Wipro rise from a vegetable products company to one of the largest IT products and service companies in the world.

 

7. In 1966, after his father’s death, 21-year-old Azim Premji returned home from his engineering college, Stanford University, to take charge of Wipro.



 

8. Premji is a proud owner of 73% of Wipro and also owns a private equity fund, PremjiInvest, which manages his $2 billion worth.

 

9. In 2005, he was honored with the Padma Bhushan for his outstanding work in trade and commerce by the Government of India.

 

10. In 2001, he started the Azim Premji Foundation, a non-profit organization that would contribute to achieve quality universal education.

 

11. This foundation currently functions across the rural areas of Karnataka, Uttarakhand, Rajasthan, Chhattisgarh, Pondicherry, Andhra Pradesh, Bihar and Madhya Pradesh, in close partnership with various state governments.

 

12. In December 2010, Premji also pledged to donate $2 billion for improving school education in India.

 

13. Azim Premji is the first Indian to sign up for The Giving Pledge, a campaign led by Warren Buffett and Bill Gates, with a vision to encourage the wealthiest people to make a commitment to give most of their wealth to philanthropic causes.

 

14. Recent news says he gave away an additional 18% of his stake in Wipro, taking his total contribution so far to 39%.

 

15. According to Forbes, he was the richest Indian during 1999-2005 with personal wealth in excess of $180 billion when the share of Wipro was Rs 8,900 or $235 which was highest at that time.

 

16. He is currently the third wealthiest Indian, and the 60th richest person in the world, with a personal wealth of $19.5 billion in March 2015.


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