Azim Premji Net Worth is$17 Billion
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Profession: Businessperson, Entrepreneur
Date of Birth: Jul 24, 1945
Nicknames: Azim Hashim Premji
Country: India
Azim Premji was born in British India and has an estimated net worth of $17 billion dollars. A businessman, Azim Premji is the CEO of Wipro Limited, the umbrella company for India's third largest software developer. Under his leadership, Wipro Limited grew from a $2.5 million dollar company to a $1.4 billion dollar company, and continues to be successful.
Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as one of the Indian leader in the software industry. According to Forbes, he is currently the third wealthiest Indian, and 41th richest in the world, with a personal wealth of US$15.9 billion in 2012. In 2000, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. Premji owns 74% of Wipro Limited, which started off manufacturing hydrogenated cooking fats along with consumer products. It grew from a company of US $2.5 million to a giant of almost $7 billion under Premji's leadership. Wipro Technologies, the Global IT Business of the company, is one of India's largest software companies and is ranked among the top 100 technology companies globally.
He studied at St. Mary's School, Mumbai.
When Azim Premji took over as its head, Wipro dealt in hydrogenated cooking fats and later diversified to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. Thereafter Premji made a focused shift from soaps to software. The Amalner-based vanaspathi manufacturing company, the Western India Products later became Wipro Products Ltd and Wipro Limited subsequently. Under Premji's leadership Wipro embarked on an ambitious phase of expansion and diversification. The Company began manufacturing light bulbs with and other consumer products including soaps, baby care products, shampoos, powder etc.
In the 1980s Wipro entered the IT field, taking advantage of the exit of IBM from the Indian market in 1975. Thus, Wipro started manufacturing computer hardware, software development and related items, under a special license from Sentinel. As a result, the $1.5 million company

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Azim Premji Latest News

Wipro arm invests in US-based app testing firm Headspin

The fund is headed by Wipro Chief Strategy Officer Rishad Premji, the elder son of chairman Azim Premji. The venture fund is focussed on niche technology start-ups such as open source, data, AI, fintech, mobility and industrial internet. The start-ups ...
Posted: December 16, 2017, 6:53 am

Toor de force in Ragi fields

Put together by Pallavi Varma Patil, a faculty member at the Azim Premji University, it is a year-long experiment that uses the indigenous ragi, often considered “a poor man’s food”, to highlight the struggles of farmers, start a dialogue on caste ...
Posted: December 9, 2017, 7:00 pm

JSW Ventures to raise second fund by 2018-end

Ltd, which operates beauty products and services marketplace Corporate- and family-backed venture capital firms operating in India include Wipro founder Azim Premji’s PremjiInvest, Infosys co-founders NR Narayana Murthy’s Catamaran ...
Posted: December 5, 2017, 11:19 pm
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