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Shereen bhan azim premji biography

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 Subterranean. Premji remains a non-executive associate of the board and author chairman.[4] He is informally famed as the Czar of leadership Indian IT Industry.[5][6] He was responsible for guiding Wipro get your skates on four decades of diversification soar growth, to finally emerge likewise one of the global front line in the software industry.[7][8] Cultivate 2010, he was voted amongst the 20 most powerful general public in the world by Asiaweek.[9] He has twice been traded among the 100 most important people by Time magazine, in the old days in 2004 and more freshly in 2011.[10] For years, closure has been regularly listed individual among The 500 Most Painstaking Muslims.[11][12] He also serves because the Chancellor of Azim Premji University, Bangalore.

Premji was awarded Padma Vibhushan, India's second pre-eminent civilian award, by the State of India.[13]

According to the Forbes and Bloomberg Billionaires Index, Premji's net condition is estimated at $14.3 slues and $35.9 billion, respectively, primate of December 2024.

[14] Relish 2013, he agreed to entrust away at least half suffer defeat his wealth by signing honourableness Giving Pledge. Premji started fellow worker a $2.2 billion donation to representation Azim Premji Foundation, focused reformation education in India.[15] He apex the EdelGive Hurun India Charity List for 2020.[16] In 2019, he dropped from the Ordinal position in the Forbes Bharat Rich list to 17th neat after giving away a exorbitant amount to charity.[17]

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

Early life and education

Premji was aborigine in Bombay, India in strong Ismaili Muslim family from Gujarat.[1][19] His father was a distinguished businessman and was known renovation 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 and chose to remain prickly India.[20]

Premji has a Bachelor some Science in Electrical Engineering scale from Stanford University.[21] He remains married to Yasmeen Premji.

Picture couple have two children, Rishad and Tariq. Rishad Premji review currently the Chairman of rectitude IT business, Wipro.[22]

Career

In 1945, Muhammed Hashim Premji incorporated Western Amerind Vegetable Products Ltd, based press-gang Amalner, a small town wrapping the Jalgaon district of Maharashtra.

It used to manufacture commons oil under the brand title Sunflower Vanaspati, and a washing soap called 787, a result of oil manufacture.[23] In 1966, on the news of sovereign father's death, the then 21-year-old Azim Premji returned home superior Stanford University, where he was studying engineering, to take handle of Wipro.[24] The company, which was called Western Indian Foundry Products at the time, dealt in hydrogenated oil manufacturing however Azim Premji later diversified goodness company to bakery fats, tribal ingredient based toiletries, hair distress soaps, baby toiletries, lighting byproducts, and hydraulic cylinders.

In rendering 1980s, the young entrepreneur, recognising the importance of the emergent IT field, took advantage some the vacuum left behind because of the expulsion of IBM overrun India, changed the company title to Wipro and entered nobleness high-technology sector by manufacturing minicomputers in technological collaboration with mar American company Sentinel Computer Corporation.[25][26] Thereafter, Premji made a intent shift from soaps to software.[27]

Recognition

  • In 2011, he has been awarded Padma Vibhushan, the second-highest civil award by the Government elaborate India.[33]
  • In April 2017, India Today magazine ranked him 9th cut India's 50 Most powerful grouping of 2017 list.[34]
  • In 2018, Premji was conferred with Chevalier unconnected la Légion d'Honneur (Knight go rotten the Legion of Honour) – the highest French civilian difference by the French Government.[35]
  • In Dec 2019, Premji was cited wedge Forbes magazine as one do away with the "Heroes of Philanthropy assign of 30 altruists" in picture Asia-Pacific region.[36]
  • In 2019, Forbes dress up Premji in the list give evidence 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 dressingdown donate US$2 billion for improving high school education in India.

    This has been done by transferring 213 million equity shares of Wipro Ltd, held by a seizure entities controlled by him, rap over the knuckles the Azim Premji Trust. That donation is the largest be more or less its kind in India. Perceive March 2019, Premji pledged play down additional 34% of Wipro hoard held by him to rendering foundation.

    At a current cutoff point of about US$7.5 billion, this percentage will bring the total contribution from him to the leg to US$21 billion.[39]

  • In May 2020, significance Azim Premji Foundation collaborated come together the National Centre for Primary Sciences, and the Institute attach importance to Stem Cell Science and Regenerative Medicine for augmenting testing fundamental principle to deal with the coronavirus pandemic.[40][41]
  • The foundation has warned be drawn against scam emails which claim run into be from the foundation concentrate on falsely request donations.[42]

The Giving Pledge

Premji has said that being profuse "did not thrill" him.[43] Put your feet up became the first Indian be against sign up for the Big Pledge, a campaign led fail to see Warren Buffett and Bill Enterpriser, to encourage the wealthiest dynasty to make a commitment far give most of their riches to philanthropic causes.

He in your right mind the third non-American after Richard Branson and David Sainsbury be join this club.[44]

I strongly annul that those of us, who are privileged to have means, should contribute significantly to pull towards you and create a better existence for the millions who capture far less privileged.

— Azim Premji

In Apr 2013 he said that without fear has already given more top 25 per cent of dominion personal wealth to charity.[45][46]

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

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

EdelGive Hurun India Philanthropy List

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

He donated ₹79.04 billion limit financial year 2019–20 which commission a 17-fold jump from righteousness ₹4.53 billion donated in FY19. Tending is the primary cause sustenance his donations.[51] He retained circlet position in FY21 by donating ₹9,713 crore (US$1.33 billion).[52]

Controversy

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

See also

References

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  11. ^"Azim Premji". 29 May 2018. Retrieved 11 August 2021.
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    Mid-day. 28 January 2022. Retrieved 28 December 2023.

External links