Birth Anniversary of Shri Azim Premji (Business Entrepreneur)
• Azim Premji, in full Azim Hasham Premji, (born July 24, 1945, Bombay India), Indian business entrepreneur who served as chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as a world leader in the software industry. • In the year 1945, Azim Premji’s father founded Western Indian Vegetable Products Ltd., which produced vanaspati, a widely used hydrogenated shortening. • Three years later colonial India was partitioned into mainly Hindu India and Muslim Pakistan, but the Premjis, a Muslim family, chose to remain in India. • In 1966, just before Azim Premji was to complete his degree in engineering at Stanford University, his father died unexpectedly. Azim Premji Postponed his graduation. In 1999, Azim Premji officially completed his degree from Stanford through a distance-learning arrangement. • Azim Premji renamed the company Wipro in 1977, and in 1979, when the Indian government asked IBM to leave the country, he began to steer the company toward the computer business. • By the early 21st century, Azim Premji had become one of the world’s wealthiest people. Wipro’s value skyrocketed in the late 1990s, and Premji became one of the richest entrepreneurs in the world—a position he retained well into the 21st century. • Despite Azim Premji’s vast personal wealth, He continued to be recognized for his modesty, lack of extravagance, and charity. • In 2001 Azim Premji established the nonprofit Azim Premji Foundation. • Premji Foundation had extended computer-aided education to more than 16,000 schools, with child-friendly content increasingly available in local languages.