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Azim Hasham PREMJI

Primary Position:
Chairman
Primary Company:
Wipro
Estimated Net Worth:
At least $15.9 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 to join Western India Vegetable Products at the age of 21. In 1968, he became the Chairman, CEO and Managing Director. He diversified the company's products to soaps, baby care products, shampoos ...

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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

Speaking of lessons learnt over the years, he said, "The first thing I have learnt is that we must always begin with our strengths. The second lesson I have learnt is that a Rupee earned is of far more value than five found. The third lesson I have learnt is that no one bats a hundred every time. Life has many challenges. You win some and lose some. You must enjoy winning. The fourth lesson I have learnt is the importance of humility. The fifth lesson I learnt is that we must always strive for excellence. The sixth lesson I have learnt is never give up in the face of adversity. The seven lesson I have learnt is that while you must be open to change, & do not compromise on your values. And the final lesson learnt is that we must have faith in our own ideas even if everyone tells us that we are wrong."

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Philanthropy
Description: Premji is a generous philanthropist. He is the Founder and Chairman of the Azim Premji Foundation. In 2010, he transferred $2 billion worth of Wipro stock to the foundation, a further $2.2 billion in 2013 and another $3.8 billion in 2015.

Kind of Interests, Passion and Hobbies: Film
Description: Premji's favorite movie is "Slumdog Millionaire."

Kind of Interests, Passion and Hobbies: Outdoors - Hiking
Description: Reportedly enjoys hiking.

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Philanthropy

Giving Profile: Generous philanthropic donor. Lifetime giving exceeds $8 billion. Founder and Chairman of the Azim Premji Foundation, which primarily supports education and health 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. 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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