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Assignment No. 1: Title

Azim Hashim Premji is an Indian businessman and philanthropist who was the chairman of Wipro Limited. He guided Wipro through four decades of diversification and growth to become a global leader in software. In 1966, Premji returned from Stanford University to take charge of his father's vegetable oil company. He later diversified the company into software, recognizing the emerging potential of the IT field. Premji has received several honorary degrees and civilian awards, including the Padma Vibhushan, for his outstanding work in business and philanthropy focused on education.

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216 views2 pages

Assignment No. 1: Title

Azim Hashim Premji is an Indian businessman and philanthropist who was the chairman of Wipro Limited. He guided Wipro through four decades of diversification and growth to become a global leader in software. In 1966, Premji returned from Stanford University to take charge of his father's vegetable oil company. He later diversified the company into software, recognizing the emerging potential of the IT field. Premji has received several honorary degrees and civilian awards, including the Padma Vibhushan, for his outstanding work in business and philanthropy focused on education.

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Pranav Mhatre
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© © All Rights Reserved
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Assignment No.

1
Title: Submit a profile summary of a successful entrepreneur indicating milestone achievements

Azim Hashim Premji


Azim Hashim Premji (born 24 July 1945) is an Indian businessman, investor, engineer, and
philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of
the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was
responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as
one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful
men in the world by Asiaweek.

Premji was born in Bombay, India in a Gujarati Muslim family. His father was a noted businessman
and was known as Rice King of Burma. Muhammad Ali Jinnah, founder of Pakistan, invited his father
Muhammed Hashem Premji to come to Pakistan, he turned down the request and chose to remain in
India.

Premji has a Bachelor of Science in Electrical Engineering degree from Stanford University. He is
married to Yasmeen Premji. The couple have two children, Rishad and Tariq. Rishad Premji is
currently the chief strategy officer of IT business, Wipro.

Azim Premji topped the list of "India's most generous" released by Hurun India and EdelGive on 10
November 2020. He donated ₹7,904 crore in financial year 2019-20 which is a 17-fold jump from the
₹453 crore donated in FY19. Education is the primary cause for his donations. He retained his position
in FY21 by donating ₹9,713 crore (US$ 1.33 billion).
Career:
In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at
Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under
the brand name Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.
In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from
Stanford University, where he was studying engineering, to take charge of Wipro. The company,
which was called Western Indian Vegetable Products at the time, dealt in hydrogenated oil
manufacturing but Azim Premji later diversified the company to bakery fats, ethnic ingredient based

toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. In the 1980s, the
young entrepreneur, recognising the importance of the emerging IT field, took advantage of the
vacuum left behind by the expulsion of IBM from India, changed the company name to Wipro and
entered the high-technology sector by manufacturing minicomputers in technological collaboration
with an American company Sentinel Computer Corporation. Thereafter, Premji made a focused shift
from soaps to software.

Achievements:
Azim Premji is the recipient of several honorary degrees. In 2000, he was conferred an honorary
doctorate by the Manipal Academy of Higher Education and in 2009 he was awarded an honorary
doctorate from Wesleyan University in Connecticut for his outstanding philanthropic work.
In 2005, he was conferred with the Padma Bhushan by the Government of India for his outstanding
work in trade and commerce.
He was awarded the Padma Vibhushan, the second highest civilian award by the Government of India,
in 2011.

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