AZIM PREMJI

-The Philanthropist

By Jaidheer Reddy
Roll No.102
MMS-B (Finance)

I strongly
believe that
those of us, who
are privileged to
have wealth,
should
contribute
significantly to
try and create a
better world for
the millions who
are far less

Dr. Azim Hashim Premji

Born on 24th July 1945.
Business
tycoon,philanthropist.

Chairman ofWipro Limited.

According toForbes, he is the
3rd wealthiest Indian.
The 41st richest in the
world, with a personal wealth
of $19.1 billion in 2015.

Early life and career

Wipro dealt in hydrogenated cooking
fats later on diversified to bakery fats,
ethnic ingredient based toiletries, hair
care soaps, baby toiletries, lighting
products, and hydraulic cylinders.
Thereafter Premji made a focused shift
from soaps to software.
The Amalner based vanaspathi
manufacturing company.
The Western India Products later
became Wipro Ltd.

In the 1980s Wipro entered the IT field.

The exit of IBM from the Indian market in
1975, Wipro started manufacturing
computer hardware, software
development , under a special license
from Sentinel.
The $1.5 million company in
hydrogenated cooking fats grew within to
an over $6 billion diversified.
The world's first to win PCMM Level 5
(People Capability Maturity Model)
certification, the latest in quality
standards.

Personal life
Azim Premji married to Yasmeen. They have
two children's namely Rishad & Tariq.
Rishad, currently the Chief Strategy Officer of
IT Business, Wipro.
In 2005 the government of India honored him
with the title ofPadma Bhushanfor his
outstanding work in trade and commerce.
In 2006, Azim Premji was awarded Lakshya
Business Visionary byNational Institute of
Industrial Engineering, Mumbai.
An honorary degree he achieved doctorate of
literature, from the Aligarh Muslim University on
18 June 2008 on the occasion of 58th
Convocation Ceremony of the University.
In 2009, he was awarded an honorary doctorate
fromWesleyan Universityin Middletown.
In 2011, he has been awardedPadma
Vibhushan.

P
h
I
l
a
n
t
h
r
o
p
y

Wipro Equity Reward Trust

In 1984, Azim Premji established theWipro Equity
Reward Trust.
The WERT, its 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.

foundation and university

In 2001, he founded Azim Premji Foundation.
A vision to achieve quality universal education.
Had a potential for systemic change in India's 1.3 million government- run schools.
In December 2010, Premji pledged to donate $2 billion for improving school education in India.
Transferring the 213 million equity shares of Wipro Ltd.

In April 2013 he said that he has already given more than 25 per cent of his personal wealth to charity and
has also planned to give away the rest of 25% in the next 5 years.

In July 2015, he gave away an additional 18% of his stake in Wipro, taking his total contribution so far to 39%

AIMS

Rural Area Development

Talent Development
Knowledge Creation
Integration of Theory and Practice
Institutionalized Impact
Extending Our Reach

 TheAzim Premji Universitywas

established under an act of
theKarnataka Legislative Assembly.
development professionals.
offer alternative models.
Created a successful education
system.
12

THANK YOU

13