Azim Premji Wipro Success Philantropy Legacy- Today Wipro Founder Ajit Premji’s birthday, was started with a business journey from oil mill

New Delhi. Today is the birthday of Azim Premji, founder of veteran IT company Wipro. He was born on 24 July 1945 in a Gujarati Muslim family in Mumbai. They are counted not only among the billionaires of the world but their name is also included in big donors. According to his net worth forbes, ₹ 10.115 lakh crore. He has so far donated ₹ 1.275 lakh crore ($ 15 billion). Azim Premji’s family has been associated with business for a long time. His grandfather had a rice business. His father Mohammad Hussain Premji also carried forward his father’s business. The father of Mohammad Hussain Premji opened an oil mill when there was a loss in rice trade. It produced edible oil and vegetable ghee.

Azim Premji started a degree in Electrical Engineering from Stanford University, USA, but returned to India in 1966 due to his father’s sudden death and returned to India and took command of his father’s business. The business of his company Western India Vegetable Project Limited was not running right and there was a lot of debt on it. Azim Premji started efforts to improve the condition of the company.

Azim Premji got business success after the Emergency was removed in the country. In fact, in 1977, in the cabinet of the then Morarji Desai, Industry Minister George Fernandes asked foreign companies to follow the FERA law. Under this law passed in 1973, the Indian should have had a majority stake in foreign companies to do business in India or the company had to share technology. Many companies decided to follow these laws, but IBM and Coca Cola decided to leave the country.

Premji was already sensed by IT sector’s future

Azim Premji saw a big opportunity in the IT sector and applied for a license to do business in this sector. Meanwhile, the name of Western India Vegetable Project Limited was changed to Wipro. The company initially started working in hardware, but over time the company’s software business went ahead.

At present, Wipro’s business is spread over more than 100 countries. The company’s market cap is about 2.80 lakh crore rupees. In FY 25, the company earned a profit of Rs 13,218 crore. In 2019, Azim Premji resigned as the chairman of Wipro. His son Rishad Premji took his place. Azim Premji has the biggest hand in bringing Wipro to the heights.

₹ 1.275 lakh crore donations have been donated

Azim Premji’s name also comes in the big donors of the country. So far, he has donated more than $ 15 billion i.e. ₹ 1.275 lakh crore. In 2001, Azim Premji dedicated a large part of his property to philanthropy and established the Azim Premji Foundation. This foundation mainly works in the field of education in India.