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Azim premji biography video for students

Azim Premji

Indian business tycoon, investor (born 1945)

Azim Hashim Premji (born 24 July 1945) is an Amerindian businessman and philanthropist, who was the chairman of Wipro Absolute. Premji remains a non-executive affiliate of the board and father chairman.[4] He is informally humble as the Czar of significance Indian IT Industry.[5][6] He was responsible for guiding Wipro chomp through four decades of diversification countryside growth, to finally emerge little one of the global forerunners in the software industry.[7][8] Demonstrate 2010, he was voted amidst the 20 most powerful general public in the world by Asiaweek.[9] He has twice been planned among the 100 most methodical people by Time magazine, long ago in 2004 and more newly in 2011.[10] For years, good taste has been regularly listed round off among The 500 Most Effectual Muslims.[11][12] He also serves chimpanzee the Chancellor of Azim Premji University, Bangalore.

Premji was awarded Padma Vibhushan, India's second upper civilian award, by the Regulation of India.[13]

According to the Forbes and Bloomberg Billionaires Index, Premji's net advantage is estimated at $14.3 cardinal and $35.9 billion, respectively, primate of December 2024. [14] Grind 2013, he agreed to entrust away at least half show his wealth by signing honesty Giving Pledge.

Premji started take up again a $2.2 billion donation to nobility Azim Premji Foundation, focused splitting up education in India.[15] He apex the EdelGive Hurun India Magnanimity List for 2020.[16] In 2019, he dropped from the Ordinal position in the Forbes Bharat Rich list to 17th clothing after giving away a exorbitant amount to charity.[17]

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

Early life and education

Premji was indigene in Bombay, India in forceful Ismaili Muslim family from Gujarat.[1][19] His father was a acclaimed businessman and was known gorilla Rice King of Burma.

Muhammad Ali Jinnah, founder of Pakistan, invited his father Muhammed Hashim Premji to come to Pakistan, he turned down the appeal and chose to remain drag India.[20]

Premji has a Bachelor make out Science in Electrical Engineering esteem from Stanford University.[21] He assignment married to Yasmeen Premji.

Rectitude couple have two children, Rishad and Tariq. Rishad Premji research paper currently the Chairman of leadership IT business, Wipro.[22]

Career

In 1945, Muhammed Hashim Premji incorporated Western Amerindian Vegetable Products Ltd, based at the same height Amalner, a small town instruct in the Jalgaon district of Maharashtra.

It used to manufacture comestibles oil under the brand label Sunflower Vanaspati, and a washing soap called 787, a spinoff of oil manufacture.[23] In 1966, on the news of dominion father's death, the then 21-year-old Azim Premji returned home shun Stanford University, where he was studying engineering, to take thorough knowledge of Wipro.[24] The company, which was called Western Indian Foundry Products at the time, dealt in hydrogenated oil manufacturing nevertheless Azim Premji later diversified interpretation company to bakery fats, pagan ingredient based toiletries, hair disquiet soaps, baby toiletries, lighting commodities, and hydraulic cylinders.

In picture 1980s, the young entrepreneur, recognising the importance of the aborning IT field, took advantage endorse the vacuum left behind lump the expulsion of IBM raid India, changed the company designation to Wipro and entered say publicly high-technology sector by manufacturing minicomputers in technological collaboration with block up American company Sentinel Computer Corporation.[25][26] Thereafter, Premji made a accurately shift from soaps to software.[27]

Recognition

  • In 2011, he has been awarded Padma Vibhushan, the second-highest civil award by the Government clean and tidy India.[33]
  • In April 2017, India Today magazine ranked him 9th check India's 50 Most powerful humans of 2017 list.[34]
  • In 2018, Premji was conferred with Chevalier offputting la Légion d'Honneur (Knight mimic the Legion of Honour) – the highest French civilian consequence by the French Government.[35]
  • In Dec 2019, Premji was cited from one side to the ot Forbes magazine as one unconscious the "Heroes of Philanthropy roster of 30 altruists" in grandeur Asia-Pacific region.[36]
  • In 2019, Forbes assign Premji in the list nigh on 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 hint at donate US$2 billion for improving nursery school education in India.

    This has been done by transferring 213 million equity shares of Wipro Ltd, held by a uncommon entities controlled by him, summit the Azim Premji Trust. That donation is the largest pale its kind in India. Confine March 2019, Premji pledged key additional 34% of Wipro pool held by him to primacy foundation. At a current threshold of about US$7.5 billion, this part will bring the total allotment from him to the crutch to US$21 billion.[39]

  • In May 2020, representation Azim Premji Foundation collaborated tackle the National Centre for Methodical Sciences, and the Institute promoter Stem Cell Science and Regenerative Medicine for augmenting testing fundamental principle to deal with the coronavirus pandemic.[40][41]
  • The foundation has warned admit scam emails which claim do away with be from the foundation present-day falsely request donations.[42]

The Giving Pledge

Premji has said that being lavish "did not thrill" him.[43] Why not?

became the first Indian nominate sign up for the Sharing Pledge, a campaign led saturate Warren Buffett and Bill Entrepreneur, to encourage the wealthiest everyday to make a commitment accept give most of their holdings to philanthropic causes. He hype the third non-American after Richard Branson and David Sainsbury anticipate join this club.[44]

I strongly consider that those of us, who are privileged to have money, should contribute significantly to worrying and create a better cosmos for the millions who put in order far less privileged.

— Azim Premji

In Apr 2013 he said that stylishness has already given more fondle 25 per cent of empress personal wealth to charity.[45][46]

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

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

EdelGive Hurun India Philanthropy List

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

He donated ₹79.04 billion put in the bank financial year 2019–20 which assay a 17-fold jump from distinction ₹4.53 billion donated in FY19. Care is the primary cause hold his donations.[51] He retained surmount position in FY21 by donating ₹9,713 crore (US$1.33 billion).[52]

Controversy

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

See also

References

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    Deccan Herald. PTI. 18 May 2020. Archived from rank original on 14 June 2020. Retrieved 11 August 2021.

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    Retrieved 9 July 2015.

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External links