Azim Hasim Premji Contributor Personality Devlopment 2 INTRODUCTION Azim Premji born on July 24, 1945 in Mumbai, India. He did his schooling from ST. MARY’S SCHOOL, Mumbai and went to STANFORD UNIVERSITY in the U.S. for his electrical engineering. In 1966, Azim Premji’s father passed away. Azim Premji left STANFORD and came back to India to take control of the family business. Their Company, Western Indian Vegetables Products Limited (Now WIPRO) used to manufacture cooking oil.
Azim Premji was only 21 years of age when he inherited the $ 2 million cooking oil company. He had to force many challenges in the beginning, but his courage and determination made him, but his courage and determination made him overcome all difficulties. Since that time he has diversified and turned the business into a multi billion dollar technology enterprise. IBM left India in 1980 and this gave Indian Companies a golden opportunity to enter into computer business. Azim Premji acted fast and hired the best engineers to develop computers. Later, WIPRO also started to make computer software. Azim Hasim Premji Contributor Personality Devlopment WIPRO got listed on New Stock Exchange(NYSE) in 2000. WIPRO was the first company in India to adopt the six sigma concept. Azim Premji has always been known for being modest. Despite the fact that he is billionaire , he flies by the economy class. He likes to stay in budget hotels or company guest houses rather than 5 or 7 star hotels. He drove a Ford Escort for around 8 years before upgrading to a Toyota Corolla. Paper plates were used at the wedding of his son. Azim Hasim Premji Contributor Personality Devlopment ABOUT THE PERSON
Born : July 24, 1945 Bombay
Occupation : Chairman of WIPRO Achievement : Padma Bhushan in 2005 Spouse : Yasmeen Premji Children : Rishad & Tariq
TECHNABOUT WIPRO OLOGIES In the 1980s WIPRO entered in the IT field, taking advantage of the expulsion of IBM from the Indian market in 1975. Thus, WIPRO became involved in manufacturing computer hardware, software development and related items, under a special license from Sentinel. As a result, the $ 2 million company in hydrogenated cooking fats grew within a few years to a $ 662 million diversified, integrated corporation in services, medical systems , technology products and consumer items with offices worldwide.
Under Premji’s leadership WIPRO embarked on an ambitious phase of expansion and diversification. The Company began manufacturing light bulbs with General Electric and other consumer products including soaps, baby care products, shampoos, powder etc. In 1975, WIPRO Fluid Power business unit manufacturing hydraulic cylinders and truck tippers was started. Thereafter Premji made a focused shift from soaps to software. Premji’s story of success and prominence clearly shows how determination and perseverance, when coupled with knowledge, clear vision and proper planning, enable one to reach the peak of success and leadership. A straight forward person, he doesn’t believe in resorting to bribery or corruption to get things done an associates quality with Azim Hasim Premji Contributor Personality Devlopment He is an absolute workaholic and according to him work is the only way to success and survival in a competitive environment. A tough employer, he expects his employees to be competent and will not tolerate lies or deception from anyone.
PERSONALITY TRAITS Value-oriented person. Down-to- earth personality. High on action. Believes in professionalism. Prefers solitude to the spotlight.
MESSAGE TO ALL WIPROITE LESSON 1 : Be careful to ask what you want. You may get it. LESSON 2 : Respond, don’t react LESSON 3 : Intuitions are important for making decisions. LESSON 4 : Learn to work in teams. LESSON 5 : Never lose your zest and curiosity. LESSON 6 : Put yourself first. LESSON 7 : Have a broader social vision. LESON 8 : Play to win.
STYLE OF ENTREPRENEURSHIP Leadership about ‘enabling others’ and applied to all walks from family to corporation. Built WIPRO as a ‘family owned’ company. Grow outside approach where senior executives quit to became Entrepreneurs. Never believed in the media & never accessible for media personnel. Strong value systems for making success more enduring and lasting.
AZIM PREMJI’S SUCCESSES He’s the seventh richest Indian and 6oth richest man in the world. In fact, from 1999-2005, Forbes has rated him as the richest person in India. He transformed a company that sold vegetable oil into one of the world’s most recognized software companies. Humble by nature, 63-year-old Premji prefers to fly economy class and is happiest when hiking, reading or discussing the foundation he has set up to promote primary education. Awarded an honorary doctorate by the Manipal Academy of higher education in 2000. Awarded Padma Bhushan in 2005 by Govt. of India. Azim Hasim Premji Contributor Personality Devlopment Member of the Prime minister’s Advisory committee for information technology in India. Featured in the business week all-time top 30 entrepreneurs of the world in 2007.