Azim Premji Biography
Azim Premji is the Chairman of Wipro Limited who is a professional businessman as well as a philanthropist from India. He continues to be an Executive Member and Founder Chairman of the Board. In 2010, he was recognized as one of the 20 most powerful men in India by Asiaweek. Premji was also awarded the Padma Vibhushan, India’s second-highest civilian award by the Government of India. Apart from this, he has such a personality who donated most of his wealth and associated it with charitable works.
Azim Premji Personal Life
Azim Hashim Premji was born on 24 July 1945 in a Muslim family in Bombay, British India. He is 77 years old (as of 2023). He is the founder chairman of Wipro by profession and is Indian in origin. Premji’s ancestors were believed to be residents of Kutch Gujarat. His father Mohammad Hashmi Ali Premji was the owner of Wipro Limited. He worshiped freedom fighter Azim Hashmi Ali Premji, who also worked as a university professor for many years. Premji’s son Rishad is currently the Chief Strategy Officer of Wipro’s IT business. Premji is an Indian industrialist and philanthropist, renowned for his lifelong commitment to education and organization. He lives with his family in Bangalore, Karnataka. He was the founder of Wipro and the former chairman of the funded Wipro Limited.
Bio Data
| Name | Azim Hashim Premji |
| Age | 77 years (as of 2023) |
| Profession | Businessman |
| Net Worth | $ 9.3 billion and $ 25 billion (as of 2023) |
| Children | Rishad Premji, Tariq |
| Born | 24 July 1945 |
| Birthplace | Mumbai |
| Award | Padma Vibhushan |
| Wife | Yasmin Premji |
Education
He was originally a resident of Kutch in Gujarat. Premji received his education at Stanley College in Mumbai. Then later he moved to America and completed further studies there in Alt-Schule Basel, Switzerland. He completed a Bachelor of Science in Electrical Engineering degree from the University of America USA. His father died before he could graduate in 1966, due to which he had to leave his studies and return home to take care of his business. After this, he completed his engineering again in the year 2000. That is, Azim Premji started handling his father’s business only at the age of 21. However, at that time his company exclusively worked in Hydrogenated oil manufacturing.
Azim Premji Career
When Azim Premji returned to India, he decided to join his family business. In 1966, he started a new business endeavor as the commercial arm of Wipro Limited. He developed it into an Entrepreneurship and Information Technology Company. Premji then expanded Wipro into IT services, software development, and consulting. He established the Azim Prem Foundation on 9 March 2001. Premji was instrumental in making Wipro an internationally important IT company. He took the company to a value of Rs 40,000 crore annually. Wipro has gained a reputation for emerging with the organization.
Business Development
From vegetable oil to information technology, Chhalaang has registered his name among the most prosperous people of India. His IT Company has become worth about one lakh crore rupees. About 55 thousand employees work in it. Under Premji’s direction, Wipro embarked on an ambitious expansion plan.
The company started manufacturing light bulbs and other consumer products along with soaps, baby care products, shampoos, powders, etc. Wipro entered the IT sector in the 1980s. Thus Wipro started manufacturing computer hardware, software development, and related items under an exclusive license. The resulting $15 million company grew to $6 billion in services, pharmaceuticals, and consumer goods in just a few decades.
Wipro Company Turnover
Azim Premji retired from the post of chairman on 31 July 2019. Now the reins of the company are in the hands of his elder son Rishad Premji. Wipro has become a company with a market cap of 2.25 lakh crores. It has 2.40 lakh employees across the country. In the financial year 2021-2022, the company had a business of Rs 83 thousand crore. Today, with 1700+ employees, the foundation has a presence in 6 states and 1 union territory (Karnataka, Rajasthan, Uttarakhand, Chhattisgarh, Madhya Pradesh, Telangana, and Puducherry) with field institutes in more than 48 districts.
Social Work and Contribution
Azim Prem Ji was very motivated about burning his business as well as social work. He also made a lot of efforts to improve the social condition and also donated. He donated 25% of his wealth to social upliftment till 2013. Along with this, Wipro has pledged to give up to 39% of its profit in social work after making a profit in the company.
In December 2010, he pledged to contribute US$2 billion to improve school education in India. This was done by transferring 213 million equity shares of Wipro Limited held by certain entities controlled by the Azim Premji Trust. He also worked for social service, as well as laid the foundation of the Azim Premji Foundation. The objective of which is to enhance and enhance the Indian public education system quality.
Networth
Talking about the net worth of Azim Premji, according to the Bloomberg Billionaires Index, by February 2023, the figure has been set at $ 9.3 billion and $ 25 billion. Premji started the Azim Premji Foundation, which focuses on Indian education, with a donation of $2.2 billion. In 2019, he was ranked 17th in the Forbes India Rich List. And in 2020, the admin got the top position in the Hurun India Philanthropist list.
Honour and Awards
Premji received a Bachelor of Science degree in Electrical Engineering from Stanford University. Along with this, he was awarded national and international awards for his contribution and philanthropic work at the social level. He was also awarded the Padma Vibhushan, India’s second-highest honor in 2019. He was given the status of ‘Greatest Businessman’ by the World Economic Forum Company in 2011. He received the title of ‘World’s Biggest Philanthropist’ by Forbes International in 2013. He has been honored with references from the University of the Arts, London, and the University of Edinburgh.
