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Azim Hasham PREMJI

Primary Position:
Chairman
Primary Company:
Wipro
Estimated Net Worth:
At least $10.7 billion
Source of Wealth:
Inheritance/Self-made
Age:
71
Birthday:
24 July 1945
Religion:
Muslim
Nationality:
India
Hometown:
Mumbai, Maharashtra, India
Marital Status:
Married

Biography

Father, Mohamed H. Hasham Premji, founded Western India Vegetable Products in 1945. The company was focused on producing hydrogenated vegetable oils and fats. He took the company public on the Bombay Stock Exchange in 1946. He died in 1966. Azim Hasham Premji: After his father's death in 1966, he dropped out from Stanford University and joined Western India Vegetable Products. In 1968, he became the Chairman, CEO and Managing Director of Western India Vegetable Products. He diversified the company's operations and ventured into soaps, baby ...

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Education History

Institution Name:
Stanford University
Qualification Name:
Dropped Out
Education Type:
Undergraduate
Start Date:
1964
End Date:
1966
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Interesting Facts

Over the years, Premji has won several accolades including: "Sir M. Visvesvaraya Memorial Award" by Visvesvaraya Technological University in 2000; "Business Man Of The Year award" by Business India in 2000; "Business Leader of the year" by Economic Times in 2004; listed amongst the "100 most influential people in the world" by Time magazine in 2004 and 2011; "Padma Bhushan" by the Government of India in 2005; "Faraday Medal" in 2005; "Legion of Honor" by The Republic of France in 2011; "Padma Vibhushana" by the Government of India in 2011; "Outstanding Philanthropist of the Year" by Forbes in 2012; "Asian Business Leaders Award" for his service to society and his business credentials, by Asia House in July 2013; "Sir Jehangir Gandhy Medal for Industrial and Social Peace" by XLRI, Jamshedpur, India; and "Global Vision" award by The US-India Business Council. Wesleyan University, Indian Institute of Technology, Manipal Academy of Higher Education, Aligarh Muslim University and Visvesvaraya Technological University have all conferred him with honorary doctorates, while the Institute of Electronics and Telecommunication Engineers presented him with an Honorary Fellowship. In December 2014, Premji received the "Swiss Ambassador's Award" for inspirational and social responsible leadership. The award was presented in a ceremony held in Mumbai, India. He was given the award for his commitment towards his values and his firm belief in success in a business comes eventually but inevitably.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Sports - Cricket
Description: He used to play cricket in the lunch break in his school days.

Kind of Interests, Passion and Hobbies: Reading
Description: His favorite book is "The Enchantress of Florence," by Salman Rushdie.

Kind of Interests, Passion and Hobbies: Education
Description: Premji dropped out of Electrical Engineering at Stanford University due the untimely death of his father in 1966. However, he completed his degree through a distance-learning arrangement in 1999. Avid supporter of education; established Azim Premji University.

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Philanthropy

Giving Profile: Generous philanthropic donor has donated more than $8 billion. Founder and Chairman of the Azim Premji Foundation, which primarily supports education and healthcare-related causes. In 2001, he started the foundation earmarking Wipro shares worth $125 million. The foundation works on reforming India's examination system benefiting 20,000 schools and 2.7 million children. Its initiatives include: Teacher Education, where they worked with more than 50,000 government school teachers across eight states of India; the Education Leadership and Management Program, where they developed about 3,500 education functionaries in Karnataka, India; changed examination pattern in five Indian states in 2002; initiated the Computer Aided Learning program to support computer technology for education in 18 languages; and established Azim Premji University, a nonprofit university in Bangalore, India, to award degrees in teacher training. Founder of the Wipro Equity Reward Trust, which allows Wipro employees to acquire equity stakes in Wipro. He also set up Wipro's Gujarat Earthquake Relief Fund and donated more than $300,000 for the needy and affected citizens of Gujarat, India. In 2010, Premji donated Wipro shares worth $2 billion to his foundation. He signed the Giving Pledge to donate the majority of his wealth to charity. In 2013, he donated an additional $2.2 billion in Wipro shares to the Azim Premji Foundation. In July 2015, he donated another 18% of his stake in Wipro to the trust totaling his lifetime giving at 39% of his Wipro stake, valued at approximately $8 billion.

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