A zim Premji is an Indian business tycoon, investor, and philanthropist who is the founder and chairman of Wipro Limited. He is often referred to as the "Czar of the Indian IT Industry." His story began in 1966 when, at the age of 21, he dropped out of Stanford University to take over his family's small cooking oil business after the sudden death of his father. He diversified the company's product lines and set the stage for a major transformation.
In the late 1970s, recognizing a massive opportunity as IBM was asked to leave India, Premji pivoted the company into the nascent IT industry. He renamed the company Wipro and built it into one of India's largest and most respected IT services giants, a leader in the software outsourcing boom that transformed the Indian economy. Beyond his legendary business career, Premji is one of the world's most generous philanthropists. He has irrevocably endowed a significant portion of his Wipro stake to his charitable foundation, which is dedicated to improving primary education in India.
Advertisement
Born in Mumbai, India, in 1945, Azim Hashim Premji is an Indian business titan and one of the world's most dedicated philanthropists. He was born into a Gujarati Ismaili Muslim family; his father was a noted businessman known as the 'Rice King of Burma,' running Western Indian Vegetable Products (Wipro), a company that initially manufactured cooking oil and soap.
Premji was studying Electrical Engineering at Stanford University in the U.S. when his life took a sudden, decisive turn. In 1966, upon hearing the news of his father's death, the then 21-year-old Premji immediately returned home to take charge of the family's struggling hydrogenated cooking oil and laundry soap business. This abrupt end to his formal education and assumption of industrial leadership forged his identity as a disciplined, visionary leader determined to transform a traditional business into a global technology powerhouse.
Azim Premji’s career is the defining success story of modern Indian enterprise. In the 1980s, recognizing the massive technological shift and capitalizing on the political opportunity created by the expulsion of IBM from India, Premji executed a daring, strategic pivot. He changed the company name to Wipro and entered the high-technology sector by manufacturing minicomputers in collaboration with an American company.
This move was the foundation of his immense wealth. Premji patiently and meticulously built Wipro Limited into a global leader in IT services, consulting, and business process outsourcing. His relentless focus on high ethical standards, quality, and decentralized management drove Wipro's exponential growth, positioning it as one of the 'Big Four' Indian IT giants. In 2019, he stepped down as Executive Chairman but remains the Founder Chairman and a non-executive member of the board, cementing his legacy as the chief architect of India's information technology revolution.
Advertisement
Returns home from Stanford at age 21 to take over the family business after his father's death.
Pivots the company (Western India Vegetable Products) to Wipro and enters the minicomputer and software business (IT Pivot).
Founds the Azim Premji Foundation for education reform.
Pledges $2 billion (213 million Wipro shares) to the Foundation.
Pledges an additional 34% of his Wipro stock, bringing his total commitment to over $21 billion.
Steps down as Executive Chairman; continues as Founder Chairman (Executive Transition).
Azim Premji’s wealth is concentrated in his massive controlling stake in Wipro Limited (NSE: WIPRO), one of the world’s largest IT services companies, and the vast capital committed to his philanthropic foundation.
Advertisement
Azim Premji is one of the world's most generous philanthropists and the most dedicated in India, having pledged the overwhelming majority (over 90%) of his Wipro shares to the Azim Premji Foundation. His total endowment, exceeding $21 billion, makes his foundation one of the wealthiest in the world.
His philanthropy is focused entirely on improving the public school system in disadvantaged regions of India. He founded the Azim Premji Foundation in 2001 and later the Azim Premji University to develop teachers, curricula, and technology for systemic educational reform. His commitment is structural, not superficial, reflecting his belief that 'philanthropy is not about giving money but about solving problems.' His leadership during crises, including massive commitments to COVID-19 relief, has made him a national moral compass.
Azim Premji is legendary for his frugality, humility, and spartan lifestyle, a unique trait among global billionaires. His attire is simple, conservative, and modest, often consisting of plain white shirts and trousers. His aesthetic reflects a complete dedication to work and ethical simplicity, famously flying economy class and checking his own expenses.
His lifestyle is defined by the absolute absence of typical billionaire luxury. His true wealth is expressed entirely through the Azim Premji Foundation, which commands billions of dollars dedicated to solving India's social problems. His life is a moral lesson in disciplined wealth management and philanthropy, where the greatest luxury is the power to enact large-scale social change.
Advertisement
“The only constant in life is change. Embrace it, learn from it, and grow with it.”
“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
“Philanthropy is not about giving money but about solving problems.”
Advertisement
+0.2% | +$4.35M
+0.21% | +$6.20M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
Sponsored Content