Azim Premji story

1. Ever heard of bill gates ?? Obviously yes But ever heard
about his Indian counterpart
“BILL GATES OF INDIA!”
-MR AZIM HASIM PREMJI

2. CONTENTS
• Introduction
• Early Life Of Azim Premji
• Career
• Awards
• Achievements
• Recognition
• Philanthropy
• Azim Premji University
• Tips Of Success
• Failure Of Business Life

3. INTRODUCTION
• Azim Hashim Premji (Born 24 July 1945) Is An Indian Businessman And Philanthropist, Who
Was The Chairman Of Wipro Limited.
• Premji Remains A Non-executive Member Of The Board And Founder Chairman.
• He Is Informally Known As The Czar Of The Indian IT Industry.
• He Was Responsible For Guiding Wipro Through Four Decades Of Diversification And
Growth, To Finally Emerge As One Of The Global Leaders In The Software Industry.
• In 2010, 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.
• For Years, He Has Been Regularly Listed One Among The 500 Most Influential Muslims.
• He Also Serves As The Chancellor Of Azim Premji University, Bangalore.

4. EARLY LIFE OF AZIM PREMJI
1. In 1945, Premji’s Father Started Western Indian Vegetable Products Ltd. In The
Viscinity Of A Small Town In The Jalgaon District Of Maharashtra.
2. It Used To Manufacture Cooking Oil “ Sunflower Vanaspati”, And A Laundry Soap
“787”.
3. In 1966, After His Father’s Death, Azim Premji Returned Home From Stanford
University, Where He Was Studying Engineering, To Begin Taking Charge At Wipro.
4. The Company Initially Dealt In Hydrogenated Oil Manufacturing But Azim Premji
Later Diversified The Company To Begin The Technology Phase Of Wipro.
5. Now The Product Range Involves-bakery Fats, Ethnic Ingredient Based Toiletries,
Hair Care Soaps, Baby Toiletries, Lighting Products And Hydraulic Cylinders.

5. CAREER
In 1945, Muhammed Hashim Premji Incorporated Western Indian Vegetable Products Ltd,
Based At Amalner, A Small Town In The Jalgaon District Of Maharashtra.
It Used To Manufacture Cooking Oil Under The Brand Name Sunflower Vanaspati, And A
Laundry Soap Called 787, A Byproduct Of Oil Manufacture.
In 1966, On The News Of His Father's Death, The Then 21-year-old Azim Premji Returned
Home From Stanford University, Where He Was Studying Engineering, To Take Charge Of
Wipro.
The Company, Which Was Called Western Indian Vegetable Products At The Time, Dealt In
Hydrogenated Oil Manufacturing But Azim Premji Later Diversified The Company To
Bakery Fats, Ethnic Ingredient Based Toiletries, Hair Care Soaps, Baby Toiletries, Lighting
Products, And Hydraulic Cylinders.

6. In The 1980s, The Young Entrepreneur, Recognising The Importance Of The
Emerging IT Field, Took Advantage Of The Vacuum Left Behind By The Expulsion
Of IBM From India, Changed The Company Name To Wipro And Entered The High
technology Sector By Manufacturing Minicomputers In Technological Collaboration
With An American Company Sentinel Computer Corporation.
Thereafter, Premji Made A Focused Shift From Soaps To Software.

7. Awards
• Azim Premji Has Got The Economic Times Lifetime Achievement Award In The
Year 2013.
• In 2005 The Government Of India Honored Him With The Title Of Padma
Bhushan For His Outstanding Work In Trade And Commerce.
• In 2006, Azim Premji Was Awarded Lakshya Business Visionary By National
Institute Of Industrial Engineering, Mumbai.
• In 2011, He Has Been Awarded Padma Vibhushan.

8. Achievements
• Premji Owns 79 Percent Of Wipro, One Of The Largest And Fastest Growing IT
Company In India.
• Third Wealthiest Indian, And The 41st Richest In The World – Forbes.
• Personal Wealth Of $12.2 Billion In 2012 In 2000(Forbes).
• Greatest Entrepreneurs For Wipro Emerging As One Of The World's Fastest
Growing Companies By Business Week.
• Voted Among The 20 Most Powerful Men In The World By Asia week.
• Listed Among The 100 Most Influential People By Time Magazine In 2004 And
2011.

9. Recognition
• Premji Has Been Recognized By Business Week As One Of The "Greatest
Entrepreneurs" For Being Responsible For Wipro Emerging As One Of The World's
Fastest Growing Companies.
• In 2000, He Was Conferred An Honorary Doctorate By The Manipal Academy Of
Higher Education.
• In 2006, Azim Premji Was Awarded Lakshya Business Visionary By National Institute
Of Industrial Engineering, Mumbai.
• In 2005, The Government Of India Honored Him With The Title Of Padma Bhushan
For His Outstanding Work In Trade And Commerce.
• In 2009, He Was Awarded An Honorary Doctorate From Wesleyan University In
Middletown, Connecticut For His Outstanding Philanthropic Work. In 2015, Mysore
University Conferred An Honorary Doctorate On Him.

10. • In 2011, He Has Been Awarded Padma Vibhushan, The Second-highest Civilian
Award By The Government Of India.
• In April 2017, India Today Magazine Ranked Him 9th In India's 50 Most Powerful
People Of 2017 List.
• In 2018, Premji Was Conferred With Chevalier De La Légion D'honneur (Knight
The Legion Of Honor) – The Highest French Civilian Distinction By The French
Government.
• In December 2019, Premji Was Cited By Forbes Magazine As One Of The "Heroes
Of Philanthropy List Of 30 Altruists" In The Asia-pacific Region.
• In 2019, Forbes Put Premji In The List Of The World's Most Generous
Philanthropists Outside Of The Us.

11. Philanthropy
• In 2001, Premji Founded Azim Premji Foundation With A Vision To Achieve
Quality Education.
• In 2010, He Pledged To Donate Us$2 Billion For Improving School Education In
India. In 2019, Premji Pledged An Additional 34% Of Wipro Stock Held By Him
To The Foundation.
• Transferred 213 Million Equity Shares Of Wipro Ltd-largest Donation Of Its Kind
In India.

12. Azim Premji university
• The Azim Premji University Was Established In 2010 Under An Act Of The
Karnataka Legislative Assembly.
• Its Main Motto Is To, "Work Towards A Just, Equitable, Humane And Sustainable
Society.“
• The University Offers Undergraduate And Post-graduate Courses In Education
And In Development.
• Research And Projects To Obtain An Honors Degree.

13. Tips of success
• Have The Courage To Think Big.
• Never Compromise On Fundamental Values.
• Build Up Self-confidence, Always Look Ahead.
• Always Have The Best Around You, Even If They Are Better Than You Are
• Play To Win

14. Failure of business life
One Of The Biggest Failures That Azim Premji Faced In His Business Life Was When
He Tried To Diversify Wipro's Business Interests Beyond IT Services. In The Late
1990s, He Invested Heavily In Businesses Such As Consumer Goods, Lighting, And
Healthcare, But These Ventures Did Not Yield The Desired Results. In Fact, Many Of
Them Were Losing Money And Had To Be Shut Down.
As A Result Of These Failures, Azim Premji Was Forced To Re-evaluate His Business
Strategy And Focus More On The Core It Services Business. He Divested Many Of
The Non-core Businesses And Invested Heavily In Research And Development To
Stay Competitive In The Rapidly-evolving IT Industry.

15. Another Significant Failure That Azim Premji Faced Was When He Tried To Enter
The Personal Computer Market In The Early 2000s. Wipro Launched A Range Of
Desktop And Laptop Computers Under The Brand Name "Wipro E.Go", But These
Products Failed To Gain Traction In The Market Due To Tough Competition From
Established Players Like Dell, HP, And Lenovo.
Despite These Setbacks, Azim Premji Remained Focused On His Goal Of Making
Wipro A Leading It Services Company, And His Perseverance Eventually Paid Off.
Today, Wipro Is A Multi-billion Dollar Company With A Global Presence And A
Diverse Range Of IT Services Offerings. Azim Premji's Business Acumen And
Ability To Adapt To Changing Market Conditions Have Played A Key Role In
Wipro's Success Over The Years.