Azim Premji, the Legendary Indian Businessman

Azim Hasim Premji is popularly known as the chairman of Wipro Limited. An Indian businessman, Azim Premji, came into focus when Wipro Limited started software business and achieved a remarkable success in this business. In the present year, 2012, he has been declared, the 41^st richest person in the globe. Is it imaginable that a company with a capital of $1.5 million can become a company of more than $6 billion within a few years? This unexpected development became possible by the efforts of this man. His philanthropic approach and rich value system contributed a lot in this gearing up this process.

A shift from soap to software brought forth a remarkable journey for Wipro Limited. Within a few decades, this company made a huge profit. It not only became one of the fast growing companies in India but in the globe also. The recognition from Time Magazine as one of the first hundred influential persons for twice clears the fact. Forbes also declared Premji as one of the wealthiest persons in the globe.

Azim Premji joined his father’s company. It was a manufacturing company of soap and hydrogenated cooking fats. Some other products like, soap, baby toiletries, etc. were also produced in this company. However, the decision behind shifting the company’s business from the traditional manufacturing to software development became a revolutionary decision for the company. The company expanded in all fields under the leadership of Azim Premzi. He became a renowned as a successful businessman within a few years in India and abroad being the chairman of the fastest growing Indian company, Wipro Limited.

Investment in the IT sector returned very attractive amount to the Wipro Limited. The company started dealing in computer hardware manufacturing, software development and in some other allied disciplines and by running under the guidance and instruction from the strategy maker, Azim Premji, the business of Wipro Limited grown up. The company became a multibillion dollar company within a very short while. Azim Premji was awarded by Padma Vibhushan, the second highest Indian civilian award, in 2011.

Wipro Equity Reward Trust was established by Premji to ensure the success and growth of the company’s employees. Employees get different kinds of facilities including financial support as loan, donation etc from the trust. A university was founded by Premji for higher education in 2001. He donated $2 billion for the development of country’s schools education.

~ by siticable on July 23, 2012.