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The Success Story of Azim Premji and Wipro

Azim Premji
Azim Premji (Picture credit: Wikipedia) 

This story is all about a very inspiring journey of a small vegetable oil company to becoming a world-wide conglomerate and the fourth largest IT Company of India and this story is also about the contributions of Azim Premji and his company Wipro to our society.
Azim Premji is the chairman of the Wipro Company; he is also a business tycoon, investor and philanthropist.
This article is the biography of Azim Premji.

Introduction-

Azim Hashim Premji was born on 24 July 1945 in a Shia Muslim family in Mumbai, Maharashtra, India.
In the year 1945, his father Mohamed Hashem Premji founded a company by name Western India Products Limited in Amalner, in Jalgaon district of Maharashtra.
In this company, sunflower vanaspati and detergent soaps were being manufactured.

Very patriotic-

In the year 1947, India got independence. But this happiness was short lived due to the partition of India into two parts.
So, Pakistan was partitioned from India and many Muslim families migrated to Pakistan from India.
Muhammad Ali Jinnah, the founder of Pakistan called Mohamed Hashem Premji to settle in Pakistan.
But Mohamed Hashem Premji decided not to abandon his beloved motherland India, so he stayed back in India.

Education-

Azim Premji completed his schooling in the St. Mary's school in Mumbai.
After his schooling, Mohamed Hashem Premji admitted his son in the Stanford University.
Azim Premji was surprised to see the vast usage of computers in America, at that moment he realised the importance of IT (Information Technology) and was saddened to see India missing the powerful IT bandwagon.

Life takes an unexpected turn-

The 21 year old Azim Premji was studying engineering in Stanford University, California.
In the year 1966, he received shocking news that his father, Mohamed Premji had passed away.
This made him to return India in haste.

Taking big responsibilities-

Azim Premji decided to abandon his studies in the middle to manage his father’s business, as he wanted to provide job security to the employees in his father’s company, who were worried about the death of Mohamed Premji.
So, he became the chairperson of his father’s company.

Obtaining inspiration from insults-

But his decision of becoming the chairperson was opposed by the shareholders of the company who cited his inexperience in business.
Many shareholders believed that Azim Premji was incapable and inefficient in managing the business.

Once, in an annual meeting, a shareholder openly questioned Azim Premji about his management capabilities and even suggested him to resign from his position and appoint someone who is more experienced than him.
This incident changed the mind-set of Azim Premji, who once doubted himself but now he took the insults of the shareholders as a challenge, and decided to prove them wrong by proving himself.
Azim Premji requested the shareholders to give him a chance, so that he can prove his capabilities and also promised them that he will definitely run the company in a very profitable manner.

Now begins the real work-

So, from that day Azim Premji worked with a new zest towards his company and expanded his father’s business even further and also launched many new products like toiletries, childcare and hair care products, hydraulic cylinders, etc.

The most beneficial habit-

In the 1980s, he realised the importance of the rapidly emerging Information Technology.
His habit of updating himself by reading books helped him and his company to reach great heights.
He used to update his products and launch new products according to the latest market trends; he used to learn about latest trends by reading.
Even now, he reads a lot of books.

The birth of Wipro Information Technology Limited-

In the year 1980, he renamed Western India Products Limited as Wipro.
During those times, India was very backward in the IT field; Azim grasped the potential of IT and this made him to establish Wipro Information Technology in the year 1981.
This company collaborated with the America’s Sentinel Computer Corporation and started manufacturing mini-computers.
Now, Wipro is successfully operating in 54 countries and employs more than 160 thousand employees.
Azim Premji took the Wipro industries to great heights with his self-confidence and dedication

Current position of Wipro in India-


Wipro is the India’s fourth largest IT Company and operates in more than 40 different locations all over the country.
Azim Premji took the Indian IT industry to the global level and so, he is famously known as the Czar of the Indian IT industry.
Wipro also runs the very popular brands like Santoor, Chandrika, Glucovita, Safewash, Baby Soft and North-west switches.
This company also provides industrial waste water solutions.
Additionally, this company also manufactures LED bulbs, aeroplane actuators (through its Wipro infrastructure engineering founded in 1976) and 3D printing transmitters used in space machines.
Also, Wipro is the world’s largest hydraulics cylinders manufacturer.
The Azim Premji’s personal investment fund is above three billion dollars.
Azim Premji also invested in Domino's Pizza, policy bazzar.com, SBI General Insurance, Emami, Parachute, Future Group India, Fabindia and Lenskart.

Spreading the wings across the world-

USA-

On October 1981, Wipro got listed in the New York Stock Exchange.
Wipro is one of the few handful Indian companies to get listed in NYSE.
In USA, Wipro also owns a company in San Francisco by name, Cooper which specialises in User Experience designing.
Wipro is also involved in providing smart AI solutions through its Wipro Innovation Centre, in Silicon Valley, California.
Appirio, a cloud servicing company is also owned by Wipro and is headquartered in Indianapolis.
Wipro owns Topcoder, a market place for developers and a financial consulting company by name Opus.
Wipro USA is located in 40 locations, in 23 states of America.
Wipro also runs Health Plan Services, a Florida based Insurance services provider.
And Wipro also manufactures aviation parts through its Wipro Givon located in Everett, Washington.
In addition to all these, Azim Premji also invested in numerous other companies, some of which include looker, Yapstone, Signifyd, Anaplan and Apttus.

Canada-

Wipro runs three business centres in Canada and also provides information technology solutions to the Toronto Pearson international airport.

Europe-

Wipro also runs hydraulics manufacturing facilities in numerous locations in various countries which include Finland, Sweden and Romania.
This company also runs IT development centres in around 15 European countries.
Wipro is also the technology partner for the famed Chelsea Football club.
In the year 2009, Wipro acquired the famous brand Yardley. The Yardley products are sold in 40 countries.

Denmark-

Wipro acquired the designing firm Designit in the year 2015.

Germany-

Here, Wipro runs cellent AG, an IT service management company.

South America-

Wipro has its delivery centres in many countries in South America, like in Columbia, Chile, Argentina, and Brazil.
Wipro also operates Wipro do Brasil Industrial SA, a hydraulics manufacturing company.

Africa-

In Africa, Wipro runs delivery centres in eight countries, which consists Kenya, Nigeria, Zambia, etc.
In South Africa, Wipro is providing internship programs for college students hailing from unprivileged communities.
And Wipro is also working closely with the government in providing libraries and computers to the rural schools.

Australia-

Here, Wipro acquired Syfte, a big design agency and Wipro also runs IT development centres in four locations in Australia.

Asia-

Wipro also stepped its foot in Indonesia, Japan and Philippines through establishing its IT centres.
Wipro further expanded to Middle East and Bangladesh.

China-

In the year 2016, Wipro took on Zhongshan Ma Er, a FMCG leader in China.
Wipro also owns other notable brands like Enear, etc.

Malaysia-

Here, Wipro acquired UNZA, a consumer goods company in the year 2007.
Wipro also operates Safi, a very popular skin and tooth care brand.
Wipro also functions through its countless brands like Romano, Enchanteur, Vitalis and Bio essence.

Saudi Arabia-

Here, Wipro jointly founded a women’s business park in Riyadh, Saudi Arabia.

Israel-

Wipro manufactures aerospace parts through its Wipro Givon, in Kiryat Bialik.

Making of the richest person-

Wipro made Azim Premji the richest person of India in the between the years 1999 and 2005.

The most charitable person-

In the year 2010, Azim Premji pledged to donate around 2 billion dollars for improving the education; this is the largest donation for education in India.

The first Indian-

Azim Premji is the first Indian to sing up for the The Giving Pledge foundation, the foundation founded by Bill Gates and Warren Buffet, which encourages the rich to donate for the poor.
In the year 2013, Azim Premji donated 25 per cent of his wealth.
He founded Azim Premji foundation in the year 2001, with the aim of helping poor and unprivileged across the India.
Azim Premji donated over 21 billion dollars through his Azim Premji foundation.
The motto of this trust is to achieve quality universal education that facilitates a just, equitable, humane and sustainable society.

Helping the education sector-

Azim Premji foundation employs over a thousand people and is working with more than 3, 50,000 government schools across rural India for improving the education.
Now, this foundation is working along with the governments of different Indian states like Karnataka, Andhra Pradesh, Uttarakhand, Rajasthan, Chhattisgarh, Madhya Pradesh, Bihar, Pondicherry, etc.
This foundation has built Azim Premji University in Bengaluru, Karnataka.

Being a billionaire-

Currently, he is the second richest person in India.
According to Asiaweek, he is among the 20 most powerful men in the world.
And according to the Time magazine in 2004 and 2011, Azim Premji is the one of the most influential people in the world.
Now, the net worth of Wipro is over 485 billion Indian rupees.
Wipro is one of the world’s largest IT companies.
He has also been awarded the India’s highest civilian awards like Padma Bhushan and Padma Vibhushan.

Leading a simple life-

Even after becoming a billionaire, he leads a very simple life.
Azim Premji prefers to travel in the economy class and prefers stays in the company rest houses, avoiding the expensive hotels.

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