#azimpremji

Entrepreneur, investor, engineer, and philanthropist Azim Premji is also a businessman. He serves as Wipro's founding chairman and a non-executive board member. Wipro, which was formerly a manufacturer of vegetable and refined oils in Amalner, district Jalgaon in Maharashtra, is credited with diversifying due to Azim Premji, the richest tech entrepreneur in India.

Set lofty objectives for yourself and make it your life's purpose to achieve them. Azim Premji believes that innovation can't be achieved at the expense of ignoring previous lessons and failing to comprehend context. Differences of opinion are unavoidable in an environment that thrives on ideas. The same is true in social situations. Let's look at the Success Story of Azim Premji and the lesson we can learn from it.

Azim Premji, India's fourth richest man, is credited with broadening Wipro, which began as a maker of vegetable and refined oils in Amalner, Maharashtra's district Jalgaon. The 69-year-old business magnate assumed command at the tender age of 21 and has since shared many of the lessons he learned throughout his career with India's youth.

Without the pursuit of perfection, it's impossible to establish a juggernaut the size of Wipro, which is today valued at $19.4 billion. Premji is a demanding boss who demands the best from his leaders and employees, as well as himself. Certain characteristics, he feels, are essential in personnel aspiring to the greatest levels of quality and achievement. Self-assurance is one of them.

Azim Premji Biography

Let's start the journey:

Azim Premji Early Life

Azim Premji was born in Bombay in a Gujrati Muslim Family. He got his business mindset from his father, who was also a successful businessman and was often called the Rice King of Burma. The founding father of Pakistan, “ Muhammed Ali Jinnah” invited his father Muhammed Hashem Premji to Pakistan, but he declined his offer, and as an Indian, I am very thankful to God that he did.

Premji opted for a Bachelor Of Science in Electrical Engineering degree from Stanford University. He is married to Mrs. Yasmeen Premji, and the couple has two children together, Rashid and Tariq. Currently, Rishad Premji is the chief strategy officer of the IT business in his father’s company, Wipro.

Every entrepreneur has the potential to succeed. But it's crucial to avoid being arrogant as a result of your success. Premji says as much. He has always urged young entrepreneurs to have a grounded attitude since the moment one allows success to enter his head, he is already headed towards failure. He has also emphasized how natural it is for both success and failure to occur. Therefore, once you fail, always take something from it and move on.

Azim Premji, a pillar of the Indian IT industry, is credited with diversifying Wipro, which began as a maker of vegetables and refined oils in Amalner, Maharashtra's district Jalgaon. The 76-year-old business magnate took command when he was just 21 years old and has since shared many of the lessons he has gained throughout his journey with India's youth. Let's take a quick look at Azim Premji's life journey and achievements before we begin exploring our topic.

Azim Premji’s Early Life

Take a look at this brilliant, remarkable journey. Western India Vegetable Products was founded in Maharashtra by Mohd Premji, the father of Azim Premji. This company previously produced laundry soap and cooking oil under the brand name Sunflower Oil.

Azim Premji joined Stanford University to study Electrical Engineering after completing his secondary education in Mumbai. He received the news of his father's unexpected death when he was just 21 years old. He quickly left his Engineering school midway through and returned to India to take over his father's business.

Azim Premji's Struggle

After he joined the company, one shareholder once publicly suggested that Mr. Azim Premji step down during an annual meeting. A 21-year-old boy can't run a business, he claimed, because it is excessively complex. Prior to this meeting, Azim Premji lacked confidence in his abilities. But following this event, he felt more confident. He made a commitment to himself that he would do everything in his capacity to expand the business going forward.

He had no prior business management experience. He had a really challenging first few years. He used to spend more time at the plant alone in order to better understand the company. He then began managing the business in his manner.

Azim Hashim Premji, an Indian business magnate, engineer, investor, and philanthropist, stands as a prominent figure in the world of technology and business. As the chairman of Wipro Limited, he is renowned as the ‘Czar of the Indian IT Industries,’ a testament to his profound impact on the nation’s technological landscape.

Early Life and Education: Born on July 24, 1945, in Bombay, India, Azim Premji hails from a distinguished Muslim family. His father, known as the ‘Rice King of Burma,’ was a noted businessperson. Despite an invitation from Muhammad Ali Jinnah to settle in Pakistan, Azim chose to remain in India.

Azim Premji pursued a Bachelor of Science in Electrical Engineering at Stanford University. His commitment to education and innovation aligns with his enduring legacy.

Career and Entrepreneurial Journey: Azim Premji’s entrepreneurial journey began when he took charge of Wipro, then known as Western Indian Vegetable Products, at the age of 21 following his father’s demise. The company initially focused on manufacturing cooking oil and laundry soap. Under his visionary leadership, Wipro underwent diversification, venturing into bakery fats, toiletries, lighting products, and eventually, software.

Recognition and Honors: Azim Premji’s contributions to the business world have earned him global recognition. Asiaweek included him among the 20 most powerful men in the world in 2010, while TIME Magazine listed him among the 100 most influential people in 2004 and 2011.

As of October 2019, Azim Premji ranks as the tenth richest person in India, with an estimated net worth of USD 7.2 billion. His philanthropic endeavors have been equally distinguished, marked by his commitment to giving away at least half of his wealth through The Giving Pledge, a commitment he made in 2013.

Awards and Accolades: Azim Premji’s impact extends beyond the business realm. The Government of India honored him with the Padma Bhushan in 2005, recognizing his outstanding contributions to trade and commerce. In 2011, he received the prestigious Padma Vibhushan, the second-highest civilian award in India.

His philanthropic efforts have also garnered praise, with accolades such as the Lakshya Business Visionary award from the National Institute of Industrial Engineering, Mumbai, and recognition as one of the ‘Heroes of Philanthropy’ by Forbes magazine.

Azim Premji Foundation: In 2001, Azim Premji founded the Azim Premji Foundation, a non-profit organization dedicated to improving school education in India. His groundbreaking donation of USD 2 billion in December 2010 marked the largest philanthropic contribution of its kind in India. In March 2019, he pledged an additional 34% of Wipro stock to the foundation, emphasizing his commitment to transformative education.

Wipro has been surpassed by HCL Tech, which has a market valuation of Rs 2.54 trillion. Wipro's market value as of right now is Rs 2.26 trillion.

Now share your thoughts with us in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁 section

Read the full blog:https://bit.ly/3Rkj8XC

Follow us on: Facebook: https://lnkd.in/gFEyVuUx Linkedin: https://lnkd.in/giJ_X5Z Twitter: https://lnkd.in/ghq86M3V Instagram: https://lnkd.in/gv7UdFcE