Azim Premji News

Azim Premji's Bengaluru residence in Whitefield stands as a harmonious blend of tradition, sustainability, and quiet luxury.

On January 23, Azim Premji transferred over 51 lakh shares each to his sons, Rishad Premji, who is the chairman of Wipro, and Tariq Premji, serving as Wipro Enterprises non-executive director.

The journey of Wipro traces back to a time before India's independence when it embarked on its initial path as a traditional vegetable oil manufacturer.

The Azim Premji Foundation was founded in 2000 with the intention of facilitating universal access to basic education. In 2014, the Azim Premji Philanthropic Initiatives division was established. Its goals are to give not-for-profit organisations financial assistance through multiyear grants.

Virji Vora was known as a "sole monopolist" who frequently used to purchase the entire stock of a product before selling it for a significant profit. As a moneylender, Virji Vora frequently provided money to Englishmen who were eager to start their own small companies. Indians have historically been quite engaged in business, and the globe has benefited from having a large number of successful businesses.

Capco, a Wipro company, will supplement its presence in the country's financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector.

Wipro chairman Azim Premji is celebrating his birthday today. Born on July 24, 1945, Premji is known for his generosity, as the billionaire has donated a huge portion of his life’s earnings. Even today, he donates crores of rupees in charity for an educated and prosperous India.

The Tata Group is the only Indian company that has reached the top 10 positions. Bill Gates & Melinda French Gates, Henry Wellcome, Howard Hughes and Warren Buffett are among the top 5. The list also featured 39 individuals from the US, five from the UK, three from China and one each from Portugal and Switzerland.

Wipro has named Chief Executive Officer Abidali Z Neemuchwala as its new MD.

Amazon Founder and CEO Jeff Bezos is the world's richest person with a total net worth of USD 125 billion, according to the Bloomberg Billionaires Index.

His son, Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home a compensation of USD 987,652 (about Rs 6.8 crore) in 2018-19, Wipro said in a regulatory filing on Tuesday.

Wipro added that Rishad Premji, Chief Strategy Officer and Member of the Board, will take over as the Executive Chairman of the company.

Gates took to twitter to acknowledge Premji's commitment towards philanthropy.

This is in addition to his earlier donations to philanthropy, which included Wipro's shares, as well as other assets owned by him.

The 73-year-old Bengaluru-based Premji is a billionaire with $15.6 billion net worth and gave the fifth-highest amount ($8 billion) to charity.

Tariq will join in his father and brother Rishad Premji on the board of the unlisted Wipro Enterprises as a non-executive director.

Wipro Chairman Azim Premji is among the honorees of this year's Carnegie Medal, considered the most prestigious prize in Philanthropy, for his efforts to reform India's public school system.

In his letter to Wiproites, he had termed the news article reportedly published in this regard as "baseless and malicious."

Wipro Limited Chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he "remains committed to Wipro."

After almost two decades, India's third largest IT firm Wipro has revamped its logo as it looks to assert its position as a trusted digital transformation partner.