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Azim Premji

Azim Premji

A. Premji
-0.27% | - $-27.24M
$10.15 B ₹ 92,340 Cr
Real Time Net Worth #325 Ranking as of 21 Feb 2026 By Forbes

More on Azim Premji

Gender

Male

Age

80Y

Country

India

Born On

July, 1945

Deceased

No

Relationship Status

Married

Children

2

Education

Stanford University

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Massively Transformed)

Primary Organization

Wipro Limited

Titles

Founder Chairman

Sources of Wealth

Wipro Limited

Industry

Technology, Software, Philanthropy

About Azim Premji


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.

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Quick Reads


  • Founder and longtime chairman of the Indian IT services giant Wipro Limited.
  • Took over his family's vegetable oil company in 1966 and transformed it into a tech powerhouse.
  • Considered one of the pioneers of India's information technology industry.
  • One of the world's most generous philanthropists, having donated billions to his education-focused foundation.
  • He has signed the Giving Pledge.

Early Life and Background


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.

Career Journey of Azim Premji


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.

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Azim Premji's Timeline


1966:

Returns home from Stanford at age 21 to take over the family business after his father's death.

1980s:

Pivots the company (Western India Vegetable Products) to Wipro and enters the minicomputer and software business (IT Pivot).

2001:

Founds the Azim Premji Foundation for education reform.

2010:

Pledges $2 billion (213 million Wipro shares) to the Foundation.

2019:

Pledges an additional 34% of his Wipro stock, bringing his total commitment to over $21 billion.

2019:

Steps down as Executive Chairman; continues as Founder Chairman (Executive Transition).

Major Business Ventures and Investments


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.

  • Wipro Limited (Founder Chairman): The core asset, a global giant in IT services, consulting, and digital transformation. His success is built on a long-term, ethical, and quality-focused approach to enterprise software and service.
  • Azim Premji Foundation: The primary recipient of his wealth, the foundation holds an endowment that makes it one of the world's wealthiest non-profits, focused on systemic public education reform.
  • Wipro Enterprises: The private side of the family’s business, focusing on consumer care, lighting, and infrastructure engineering.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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.

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Quotes and Philosophy


“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.”

Fun Facts & Trivia


  • He was an Electrical Engineering student at Stanford when he took over the family business at age 21.
  • He has pledged over 90% of his Wipro shares to his philanthropic foundation ($21 billion+).
  • Wipro initially manufactured cooking oil (Sunflower Vanaspati) and laundry soap.
  • He is famously known for his extreme frugality and humility.
  • He was able to pivot Wipro into IT by capitalizing on the expulsion of IBM from India in the 1970s.
  • He founded the Azim Premji University to train educational professionals for public schools.
  • He was awarded the Padma Vibhushan, India's second-highest civilian honor.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

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

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