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Azim Hasham Premji, Chairman, Wipro
Corporation is an alumnus of Stanford University, USA. He joined Wipro in
1966 at the age of 21. Under his leadership, a Rs. 70 million company in
hydrogenated cooking fats has grown to a $500 million diversified
Corporation in Services, Technology Products and Consumer Products with
leadership positions in the businesses it is in.
One of the world's richest men, Mr. Azim Premji's strength lies in bringing
together and building teams of high potential-high performing people. His
vision and pragmatism have helped Wipro Corporation become the #2 most
competitive and successful company in India as rated by Business Today, a
leading business magazine in India. Wipro in terms of market capitalization
is among the top 10 Corporations in India.
Peek in to the Past
Premji was forced to discontinue his engineering studies in the States
due to the untimely death of his father. Returning to India to take
charge of a cooking oil company, the youth infused new life into the
family's traditional mindset and trade.
The Story So Far
The 55-year-old Wipro chairman made international waves in 2000 ever
since his group became a Rs 3,500-crore empire with a market
capitalization exceeding Rs 500,000 million!
the years, Premji diversified into sectors like computer hardware and
lighting, disregarding marketing laws that extolled the virtues of core
competence and frowned on brand extensions into unrelated segments.
Despite all the success, the media-shy Premji maintained a low profile,
letting his work do all the talking. Until early last year the media
broke the story that Azim Premji had become the second-richest man in
the world. In spite of his billions, however, he still travels economy
class and stays in budget hotels.
In the year 2001, Premji established Azim Premji Foundation, a
not-for-profit organization with a vision of influencing the lives of
millions of children in India by facilitating the universalisation of
elementary education. This means every child is in school and learning.
The financial resources to this foundation have been personally
contributed by Premji. The current programs of the Azim Premji
Foundation cover over 5000 rural schools.
Ordinary people are capable of extraordinary things, Have the courage
to think big.