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Entrepreneur :- Mr.

Azim Premji
Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as one of the Indian leader in the software industry. According to Forbes, he is currently the third wealthiest Indian, and 36th richest in the world, with a personal wealth of US$13 billion in 2011.[3][5] In 2000, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. [6] Premji owns 74% of Wipro Limited, which started off manufacturing hydrogenated cooking fats along with consumer products. It grew from a company of US $2.5 million to a giant of almost $7 billion under Premji's leadership. Wipro Technologies, the Global IT Business of the company, is one of India's largest software companies and is ranked among the top 100 technology companies globally.[7] As a child, Premji went to St Mary's School in Mumbai, and went on to start an engineering degree at the world renowned Stanford University in California, USA. At age 21, his father sadly passed away and he returned from the States to take over his father's business. Thirty years after returning to India to take over the family business, Azim Premji completed his engineering degree. He is married to Yasmeen Premji, and together they have 2 sons, Rishad and Tariq Premji. Rishad is now the Chief Strategy Officer of IT Business for his father's company. Under Premji's management, Wipro Ltd expanded and progressed to new heights, and the business began developing to manufacture other products. This included light bulbs with GE, and later personal care consumables such as soap and baby care. His vision was different to others, and he used eye-catching packaging to entice his consumer audience, pushing his inherited company ahead of the competition and used other intelligent tactics such as cutting out the middle man to further

It was very clear at this time that he was extremely business minded. the Wipro name grew to $662 million and is now worth much more. But his thirst for success drove him to continue his search for a niche. a manufacturer of hydraulics and truck tippers. baby toiletries. Premji contributed a significant amount of funding to initiate the set up of the Azim Premji Foundation which is a non profit organisation that focuses on improving education for children in India. He is reported to stay in standard hotels and travel economy class. Wipro now has many branches including Wipro Products Ltd. as instead of employing family members in his business.[8] The Amalner-based vanaspathi manufacturing company. lighting products. and hydraulic cylinders. he opted for graduates in management and engineering as he knew this would ensure the success of his company. Wipro Technologies and Wipro Corporation. ethnic ingredient based toiletries. In 1979. Premji has never let his success and fortunes go to his head. Within a short period. Business expansion When Azim Premji took over as its head. he saw an opportunity and turned his attention to the computer industry.boost the company's profits. In 2001. According to Forbes who produce the world billionaires list. Thereafter Premji made a focused shift from soaps to software. In 1975. his business became one of the world's leading computer producers. The technology arm of the business now also expanded to manufacturing medical computer systems and office technology products worldwide. hair care soaps. when IBM were left without permission to continue business in India. In spite of his fortune. Wipro dealt in hydrogenated cooking fats and later diversified to bakery fats. This then led to software development. he founded Wipro Fluid Power. which to this day accounts for a huge proportion of Wipro Corporation's profits. Very soon afterwards. the . he is India's second richest man with a fortune of $17 billion.

In the 1980s Wipro entered the IT field. Wipro works with leading Fortune 500 companies. As a result. Wipro Water in 2008. netKracker[28] in 2000. Azim Premji founded Wipro Lighting[26] and Wipro GE Medical Systems in 1991. . Santoor Facewash. powder etc. Wipro Net[27] in 1999. The Company began manufacturing light bulbs with and other consumer products including soaps.[1] Wipro Consumer Care launched brands like Santoor[9] and the Wipro Shikakai[10] in 1986.5 million company in hydrogenated cooking fats grew within a few decades to an over $6 billion diversified. Santoor Handwash[16] in 2006. The company’s IT division became the world's first to win SEI CMM level 5 and PCMM Level 5 (People Capability Maturity Model) certification. [edit]Honours and awards Premji has been recognized by Business Week as one of the Greatest Entrepreneurs[30] for being responsible for Wipro emerging as one of the world’s fastest growing companies. A large percentage of the company’s revenues are generated by the IT division. integrated corporation in services. Santoor Talc[11] and Wipro Baby Soft[12] in 1991.[13] Wipro Sanjeevani Honey[14] and Wipro Safewash[15] in 2004. Wipro started manufacturing computer hardware. software development and related items. he was conferred an honorary doctorate by the Manipal Academy of Higher Education. Unza[23] in 2007. under a special license from Sentinel. Enchanteurand Romano[24] in 2008 and Yardley[25] in 2009 and Aramusk in 2011. North West[22] in 2006. taking advantage of the exit of IBM from the Indian market in 1975.Western India Products later became Wipro Products Ltd and Wipro Limited subsequently. medical systems. shampoos. In 2000. the latest in quality standards. Wipro Sweet 'n' Healthy[17] and Chandrika Handwash[18] in 2007 and Santoor Deo[19] in 2010. Thus. and Wipro EcoEnergy in 2009. the $1. Chandrika[21] in 2004. Wipro Consumer Care acquired brands like Glucovita[20] in 2003. Under Premji’s leadership Wipro embarked on an ambitious phase of expansion and diversification. Wipro also has a joint venture in Medical Systems with General Electric company. baby care products. technology products and consumer items with offices worldwide.

The WERT. loans. complete ownership of the shares is transferred to the employee. the second highest civilian award by the Government of India. and such individuals may exercise any rights to those shares for up to 90 days after employment has ceased. a not-for-profit organization. Azim Premji established the Wipro Equity Reward Trust[34] to allow employees to acquire stake in Wipro's success and growth. with a vision to significantly contribute to achieving quality universal education that facilitates a just. which is administered by a Board of Trustees is designed to give eligible employees the right to receive restricted shares and other compensation benefits at the stipulated times and conditions. In 2009.). he has been awarded Padma Vibhushan. as the case may be. Connecticut for his outstanding philanthropic work.[31] He was awarded a Doctor of Literature (D. This choice to work with elementary education (Class I to VIII) in rural government-run is a response to evidence of educational . humane and sustainable society. he founded Azim Premji Foundation. In 2011. Azim Premji was awarded Lakshyalkhjkl Business Visionary by National Institute of Industrial Engineering. If employment is terminated by death. The Foundation works in the area of elementary education to pilot and develop 'proofs of concept' that have a potential for systemic change in India's 1. [edit]Azim Premji Foundation and University In 2001. he was awarded an honorary doctorate from Wesleyan University in Middletown.3 million government-run schools. Mumbai. an honorary degree. his or her restricted shares are transferred to the employee’s legal heirs or continue to be held by the employee. from the Aligarh Muslim University on the 18th of June 2008 on the occasion of 58th Convocation Ceremony of the University. Philanthropy [edit]Wipro Equity Reward Trust In 1984. interest and dividends on investments in the WERT and other similar benefits. Shares from the WERT are issued in the joint names of the WERT and the employee until such restrictions and obligations are fulfilled by the employee. disability or retirement. After a four-year period.Litt.In 2006. equitable. A specific focus is on working in rural areas where the majority of these schools exist.[32] In 2005 the government of India honored him with the title of Padma Bhushan for his outstanding work in trade and commerce. Such compensation benefits include voluntary contributions.

He is an icon among Indian businessmen and his success story is a source of inspiration to a number of budding entrepreneurs. This has been done by transferring 213 million equity shares of Wipro Ltd. Born on July 24. These researches shall be in a manner that facilitates proactive reforms to the existing education system. especially in India. Premji pledged to donate $2 billion for improving school education in India. The Azim Premji University was established under the Azim Premji University Act 2010 of the Government of Karnataka[38] to run programmes to develop education and development professionals. offer alternative models for educational change and also invest in educational research to continuously stretch the boundaries of educational thinking.attainment in India. Honored with Padma Bhushan in 2005. The programme is facilitated by the University Resource Centre which provides learning content and capacity building programmes for professionals in education and development through short-term certified courses. The University Research Centre The URC is being developed with a view to conduct relevant and meaningful research into the education system. held by a few entities controlled by him. 1945. Azim Premji is Chairman of Wipro Technologies.[39] This donation is the largest of its kind by any Indian billionaire. Currently the university conducts three degree awarding programmes:    Masters in Development Masters in Education Masters in Teacher Education[35] Continuing Education The Continuing Education Programme aims to transform existing talent in the fields of education and development. Achievements: Chairman of Wipro Technologies. Azim Hashim Premji was studying Electrical Engineering from Stanford University. In December 2010. Richest Indian for the past several years. USA when due to the sudden . to the Azim Premji Trust. one of the largest software companies in India.

As a child. he was called upon to handle the family business. USA. hair care soaps. Wipro Technologies is the largest independent R&D service provider in the world. Today.70 million company in hydrogenated cooking fats to a pioneer in providing integrated business. Wipro dealt in hydrogenated cooking fats and later diversified to bakery fats. At the first annual general meeting of the company attended by Azeem Premji. In 2005. In 2000. and went on to start an engineering degree at the world renowned Stanford University in California. at that time Western India Products. Azim Premji has several achievements to his credit. He is also the richest Indian for the past several years. Azim Hashim Premji was born in Bombay (now Mumbai). His father was the owner of Wipro Ltd. ethnic ingredient based toiletries. Premji went to St Mary's School in Mumbai.H. a vegetable fat manufacturer. Asiaweek magazine. baby toiletries.Government of India honored Azim Premji with Padma Bhushan. At age 21. This spurred Azim Premji and made him all the more determined to make Wipro a success story. Azim Premji was among the 50 richest people in the world from 2001 to 2003 listed by Forbes. voted Premji among the 20 most powerful men in the world.demise of his father. Azim Premji took over the reins of family business in 1966 at the age of 21. Times Magazine. lighting products and hydraulic cylinders. India on 24th July 1945 to businessman M. Under Azim Premji's leadership Wipro has metamorphosed from a Rs. a shareholder doubted Premji's ability to handle business at such a young age and publicly advised him to sell his shareholding and give it to a more mature management. In April 2004. his father sadly passed away and he returned from the States to .Premji. Thereafter Premji made a focused shift from soaps to software. technology and process solutions on a global delivery platform. When Azim Premji occupied the hot seat. And the rest is history. He came from a Shia-Muslim family. rated him among the 100 most influential people in the world by Time magazine.

he founded Wipro Fluid Power. when IBM were left without permission to continue business in India. In 1979. Premji has . which to this day accounts for a huge proportion of Wipro Corporation's profits. Azim Premji completed his engineering degree. Rishad and Tariq Premji. Wipro Technologies and Wipro Corporation. and the business began developing to manufacture other products. In spite of his fortune. He is married to Yasmeen Premji. This included light bulbs with GE. he saw an opportunity and turned his attention to the computer industry. a manufacturer of hydraulics and truck tippers. Thirty years after returning to India to take over the family business. In 1975. The technology arm of the business now also expanded to manufacturing medical computer systems and office technology products worldwide. and later personal care consumables such as soap and baby care. his business became one of the world's leading computer producers. Under Premji's management. According to Forbes who produce the world billionaires list. But his thirst for success drove him to continue his search for a niche. Very soon afterwards. Wipro Ltd expanded and progressed to new heights. and he used eye-catching packaging to entice his consumer audience. His vision was different to others. Within a short period. he is India's second richest man with a fortune of $17 billion. the Wipro name grew to $662 million and is now worth much more. and together they have 2 sons.take over his father's business. Rishad is now the Chief Strategy Officer of IT Business for his father's company. It was very clear at this time that he was extremely business minded. pushing his inherited company ahead of the competition and used other intelligent tactics such as cutting out the middle man to further boost the company's profits. he opted for graduates in management and engineering as he knew this would ensure the success of his company. as instead of employing family members in his business. This then led to software development. Wipro now has many branches including Wipro Products Ltd.

He is reported to stay in standard hotels and travel economy class. . Premji contributed a significant amount of funding to initiate the set up of the Azim Premji Foundation which is a non profit organisation that focuses on improving education for children in India. In 2001.never let his success and fortunes go to his head.