financetom
Business
financetom
/
Business
/
IBLA 2023 | Former Wipro chairman Azim Premji wins Hall of Fame award
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IBLA 2023 | Former Wipro chairman Azim Premji wins Hall of Fame award
May 11, 2023 10:59 AM

Former chairman of Wipro Limited and one of India's leading business tycoons, Azim Premji, needs no introduction. Born on July 24, 1945, Premji is also known as the Czar of the Indian IT industry.

Share Market Live

NSE

Premji was born in Bombay (now Mumbai) to a well-known businessman Mohamed Premji. Mohamed Premji was also known as the Rice king of Burma.

Premji inherited Wipro from his father at the age of 21 in 1966 after his father's sudden demise. He was about to complete his engineering degree from Stanford university at that time but decided to postpone it. Premji finally completed his education in 1999 through a distance learning programme.

Wipro is among India's largest software services providers.

Premji is also a well-known philanthropist in India as he has contributed a significant amount of his earnings to social causes.

In FY20 and FY21, Premji emerged as the most generous Indian and topped the philanthropy charts by donating Rs 22 crore a day or Rs 7,904 crore and in FY21, Premji donated Rs 9,713 crore or Rs 27 crore a day.

However, in FY22, Premji slipped to the second position with an annual donation of Rs 484 crore, according to the India Philanthropy Report 2023 by Dasra and Bain & Co.

Also Read:Azim Premji remains India’s top philanthropist despite a deceptive low in FY22

Ever since Azim Premji took control of Wipro, he diversified the company from producing vegetable oil to providing IT services, software solutions, and consulting services.

Premji is known for his generous donations. He has so far given away $21 billion to his charitable foundation. In 2020, when the country witnessed the first wave of the pandemic, Azim Premji Foundation pledged $150 million to the victims of the Covid-19 pandemic.

In 2019, Azim Premji handed over the reins of his company to his son, Rishad Premji. He is now the executive chairman of the company.

As of May 2023, Forbes estimated his net worth as $ 9.1 billion making him 223rd richest person in the world.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tempus AI Expands Takeda Partnership to Support Cancer Drug Research
Tempus AI Expands Takeda Partnership to Support Cancer Drug Research
Sep 26, 2024
09:03 AM EDT, 09/26/2024 (MT Newswires) -- Tempus AI ( TEM ) said Thursday that it has expanded its partnership with Takeda Pharmaceutical ( TAK ) to support Takeda's oncology research and development using real-world multimodal datasets and biological model systems. Financial terms of the new agreement were not provided. Tempus AI ( TEM ) said Takeda will use Tempus...
Magnolia Oil & Gas Insider Sold Shares Worth $181,020,000, According to a Recent SEC Filing
Magnolia Oil & Gas Insider Sold Shares Worth $181,020,000, According to a Recent SEC Filing
Sep 26, 2024
09:06 AM EDT, 09/26/2024 (MT Newswires) -- John B Walker, Director, on September 23, 2024, sold 7,000,000 shares in Magnolia Oil & Gas ( MGY ) for $181,020,000. Following the Form 4 filing with the SEC, Walker has control over a total of 2,714,888 shares of the company, with 615,485 shares held directly and 2,099,403 shares controlled indirectly. SEC Filing:...
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ set to go ahead with Dec oil output hike, sources say
Sep 26, 2024
By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON (Reuters) - OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to make larger cuts to compensate for overproduction be delivered in September and later months, two OPEC+ sources said on Thursday. The Organization of...
SolarBank Files $1.5 Million Grant Applications to Develop EV Charger Projects in Canada
SolarBank Files $1.5 Million Grant Applications to Develop EV Charger Projects in Canada
Sep 26, 2024
09:02 AM EDT, 09/26/2024 (MT Newswires) -- SolarBank ( SUUN ) said Thursday it submitted $1.5 million in grant applications for three fast electric vehicle charger projects in Ontario, Canada. The applications were submitted as part of Natural Resources Canada's Zero Emission Vehicle Infrastructure Program. SolarBank ( SUUN ) said it would serve as the turnkey developer, asset manager, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved