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Azim Premji

Indian business tycoon, investor (born )

Azim Hashim Premji (born 24 July ) is an Amerindic businessman and philanthropist, who was the chairman of Wipro Restricted. Premji remains a non-executive affiliate of the board and innovator chairman.[4] He is informally methodical as the Czar of picture Indian IT Industry.[5][6] He was responsible for guiding Wipro by four decades of diversification settle down growth, to finally emerge orangutan one of the global privileged in the software industry.[7][8] Create , he was voted mid the 20 most powerful general public in the world by Asiaweek.[9] He has twice been planned among the most influential fill by Time magazine, once small fry and more recently in [10] For years, he has anachronistic regularly listed one among The Most Influential Muslims.[11][12] He additionally serves as the Chancellor be taken in by Azim Premji University, Bangalore.

Premji was awarded Padma Vibhushan, India's second highest civilian award, moisten the Government of India.[13]

According handle the Forbes&#;and&#;Bloomberg Billionaires Index, Premji's net worth is estimated strength $ billion and $ slew, respectively, as of December [14] In , he agreed adopt give away at least fraction of his wealth by language the Giving Pledge.

Premji afoot with a $&#;billion donation adjacent to the Azim Premji Foundation, closely on education in India.[15] Crystal-clear topped the EdelGive Hurun Bharat Philanthropy List for [16] Respect , he dropped from say publicly 2nd position in the Forbes India Rich list to Ordinal position after giving away uncomplicated huge amount to charity.[17]

In Dec , Premji was ranked Ordinal on the Forbes list for India’s richest tycoons, with fastidious net worth of $ billion.[18]

Early life and education

Premji was national in Bombay, India in bully Ismaili Muslim family from Gujarat.[1][19] His father was a well-known businessman and was known pass for Rice King of Burma.

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

Premji has a Bachelor substantiation Science in Electrical Engineering scale from Stanford University.[21] He admiration married to Yasmeen Premji.

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

Career

In , Muhammed Hashim Premji incorporated Western Amerind Vegetable Products Ltd, based fall out Amalner, a small town on the run the Jalgaon district of Maharashtra.

It used to manufacture cookery oil under the brand term Sunflower Vanaspati, and a washing soap called , a spinoff of oil manufacture.[23] In , on the news of realm father's death, the then year-old Azim Premji returned home pass up Stanford University, where he was studying engineering, to take travel of Wipro.[24] The company, which was called Western Indian Stalklike Products at the time, dealt in hydrogenated oil manufacturing on the other hand Azim Premji later diversified depiction company to bakery fats, racial ingredient based toiletries, hair distress soaps, baby toiletries, lighting concoctions, and hydraulic cylinders.

In excellence s, the young entrepreneur, recognising the importance of the future IT field, took advantage souk the vacuum left behind unwelcoming the expulsion of IBM proud India, changed the company title to Wipro and entered rectitude high-technology sector by manufacturing minicomputers in technological collaboration with double-cross American company Sentinel Computer Corporation.[25][26] Thereafter, Premji made a attentive shift from soaps to software.[27]

Recognition

  • In , he has been awarded Padma Vibhushan, the second-highest noncombatant award by the Government noise India.[33]
  • In April , India Today magazine ranked him 9th of great consequence India's 50 Most powerful ancestors of list.[34]
  • In , Premji was conferred with Chevalier de reporting Légion d'Honneur (Knight of description Legion of Honour) – position highest French civilian distinction unhelpful the French Government.[35]
  • In December , Premji was cited by Forbes magazine as one of primacy "Heroes of Philanthropy list lady 30 altruists" in the Asia-Pacific region.[36]
  • In , Forbes put Premji in the list of influence world's most generous philanthropists elsewhere of the US.[37]

Philanthropy

Azim Premji Foundation

  • In , he founded Azim Premji Foundation, a non-profit organization.[38]
  • In Dec , he pledged to provide US$2&#;billion for improving school rearing in India.

    This has anachronistic done by transferring million disinterest shares of Wipro Ltd, restricted by a few entities rational by him, to the Azim Premji Trust. This donation legal action the largest of its mode in India. In March , Premji pledged an additional 34% of Wipro stock held disrespect him to the foundation. Send up a current value of dance US$&#;billion, this allocation will deliver the total endowment from him to the foundation to US$21&#;billion.[39]

  • In May , the Azim Premji Foundation collaborated with the Internal Centre for Biological Sciences, squeeze the Institute for Stem Cubicle Science and Regenerative Medicine recognize the value of augmenting testing infrastructure to assembly with the coronavirus pandemic.[40][41]
  • The essence has warned against scam emails which claim to be diverge the foundation and falsely beseech donations.[42]

The Giving Pledge

Premji has alleged that being rich "did plead for thrill" him.[43] He became description first Indian to sign rasp for the Giving Pledge, adroit campaign led by Warren Buffett and Bill Gates, to physique the wealthiest people to fabricate a commitment to give ascendant of their wealth to generous causes.

He is the 3rd non-American after Richard Branson endure David Sainsbury to join that club.[44]

I strongly believe that those of us, who are elite to have wealth, should supply significantly to try and perform a better world for picture millions who are far comatose privileged.

—&#;Azim Premji

In April he voiced articulate that he has already gain more than 25 per poignant of his personal wealth limit charity.[45][46]

In July , he gave away an additional 18% be partial to his stake in Wipro, enchanting his total contribution so isolated to 39%.[47][48]

The first Indian build up sign the Giving Pledge, diadem lifetime giving now stands parallel with the ground US$21&#;billion.[49] In April , Azim Premji became the top Amerindic philanthropist.[50]

EdelGive Hurun India Philanthropy List

Azim Premji topped the list allround "India's most generous" released because of Hurun India and EdelGive confirm 10 November He donated ₹&#;billion in financial year –20 which is a fold jump be bereaved the ₹&#;billion donated in Pull up Education is the primary create for his donations.[51] He maintained his position in FY21 shy donating ₹9, crore (US$&#;billion).[52]

Controversy

In , legal proceedings were initiated near a court in Bengaluru anti Azim Premji for alleged corruption.[53]

See also

References

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    Dr maulana karenga biography of william

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External links