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Azim premji


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Presentation on Azim Premji, his early life and career, his philanthropist activities, how he made a small company of his father into one of the richest company of the world and becoming the second richest man in the world.

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Azim premji

  1. 1. • Born on 24 July 1945. • An Indian business tycoon, investor, engineer, and philanthropist. • Chairman of Wipro Limited. • Known as Czar of the Indian IT industry. • Responsible for guiding Wipro through four decades. • Emerged as one of the global readers in the software industry. • Currently the second richest person in India. • Net worth US$21.5 billion(as of May 2019). • Is married to Yasmeen and together they have two children, Rishad and Tariq.
  2. 2. • Premji has a Bachelor of Science in Electrical Engineering degree from Stanford University, USA. • The Western Indian Vegetable Products Ltd, later became Wipro Ltd. • Earlier Wipro dealt in hydrogenated oil manufacturing but Premji diversified it to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lightning products and hydraulic cylinders. • Recognizing the importance of the emerging IT field, Premji made a focused shift from soaps to software.
  3. 3. • In the 1980s Wipro entered the IT field. • After the expulsion of IBM from India, Wipro started manufacturing minicomputers under technological collaboration with an American company Sentinel Computer Corporation. • The $1.5 million company in hydrogenated cooking fats grew within to an over $6 billion company. • Became the world’s first to win PCMM Level 5(People Capability Maturity Model) certification, the latest in quality standards.
  4. 4. • One of the Greatest Entrepreneurs by Business Week. • An honorary doctorate by the Manipal Academy of Higher Education in 2000. • Lakshya Business Visionary by National Institute of Industrial Engineering, Mumbai in 2006. • An honorary doctorate from Wesleyan University in Middletown, Connecticut in 2009. • An honorary doctorate by Mysore University in 2015. • Padma Bhushan by Government of India in 2005. • Padma Vibhushan in 2011. • In April 2017, India Today magazine ranked him 9th in India’s 50 most powerful people of 2017 list.
  5. 5. • In 2001, Premji founded Azim Premji Foundation with a vision to achieve quality education . • In 2010, he pledged to donate US$2 billion for improving school education in India. • In 2019, Premji pledged an additional 34% of Wipro stock held by him to the foundation. • Transferred 213 million equity shares of Wipro Ltd-largest donation of its kind in India.
  6. 6. • The Azim Premji University was established in 2010 under an act of the Karnataka Legislative Assembly. • Its main motto is to, “work towards a just, equitable, humane and sustainable society.” • The University offers undergraduate and post-graduate courses in education and in development. • Research and projects to obtain an honours degree.
  7. 7. • Premji has said that being rich “did not thrill” him. • Became the first Indian to sign up for The Giving Pledge, a campaign led by Warren Buffett and Bill Gates, to encourage the wealthiest people to make a commitment to give most of their wealth to philanthropic causes. • According to Premji, “I strongly believe that those of us, who are privileged to wealth, should contribute significantly to try and create a better world for the millions who are far less privileged.”
  8. 8. • Azim Premji retired this Tuesday as the Executive Chairman and Managing Director of Wipro on Tuesday. • Premji will pass the baton over to his son Rishad on July-end after leading the charge at the company for over five decades. • Wipro also announced its CEO Abidali Z Neemuchwala as its new Managing Director. • Premji will continue to serve on the Board of Wipro as Non-Executive Director and Founder Chairman. • He will be taking his time for philanthropic activities post retirement.
  9. 9. THANK YOU Presented By – Amandeep Kaur Harsha Deshmukh Priyanka Deshmukh Vaibhav Kumar Dubey (Group Samsung) PGDM(1st yr.) Shivalik Institute of Management Education And Research