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    An Indian Entrepreneur

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    Sharad Sharma
    Azim Premji is an Indian businessman who transformed his father's small hydrogenated cooking fat company Western India Products into a global technology giant called Wipro. In the 1980s, Premji recognized the growing importance of IT and shifted Wipro's focus from fats and soaps to software and services. Today, Wipro is a global leader in the software industry under Premji's chairmanship. Premji is also a philanthropist who has pledged $2 billion to education initiatives in India through his Azim Premji Foundation.

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    An Indian Entrepreneur

    Uploaded by

    Sharad Sharma
    130 views10 pages
    Azim Premji is an Indian businessman who transformed his father's small hydrogenated cooking fat company Western India Products into a global technology giant called Wipro. In the 1980s, Premji recognized the growing importance of IT and shifted Wipro's focus from fats and soaps to software and services. Today, Wipro is a global leader in the software industry under Premji's chairmanship. Premji is also a philanthropist who has pledged $2 billion to education initiatives in India through his Azim Premji Foundation.

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    It is about Mr Ajim Premji.

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    Azim Premji is an Indian businessman who transformed his father's small hydrogenated cooking fat company Western India Products into a global technology giant called Wipro. In the 1980s, Premji recognized the growing importance of IT and shifted Wipro's focus from fats and soaps to software and services. Today, Wipro is a global leader in the software industry under Premji's chairmanship. Premji is also a philanthropist who has pledged $2 billion to education initiatives in India through his Azim Premji Foundation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    130 views10 pages

    An Indian Entrepreneur

    Uploaded by

    Sharad Sharma
    Azim Premji is an Indian businessman who transformed his father's small hydrogenated cooking fat company Western India Products into a global technology giant called Wipro. In the 1980s, Premji recognized the growing importance of IT and shifted Wipro's focus from fats and soaps to software and services. Today, Wipro is a global leader in the software industry under Premji's chairmanship. Premji is also a philanthropist who has pledged $2 billion to education initiatives in India through his Azim Premji Foundation.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    AZIM PREMJI AN INDIAN

    ENTREPRENEUR
    Sharad Raj Sharma
    Enroll no. 12MSOM003
    MBA (4th Semester)
    School of Management
    NIT Agartala

    ABOUT AZIM PREMJI


    Azim Hashim Premji was born on 24th July 1945 in
    Mumbai
    His father MH Hashim Premji owned the Western India
    Products Ltd, which made hydrogenated vegetable oils
    and fats.
    Pursued a Bachelors of Science in Electrical
    Engineering from Stanford University
    In 1966 on the news of his father's death, the then 21
    year old Premji returned home from Stanford University
    to take charge of the family business.

    ABOUT AZIM PREMJI (CONTD)


    Azim Premji later diversified the company to light
    bulbs, bakery fats, ethnic ingredient based
    toiletries, hair care soaps, baby toiletries, lighting
    products, and hydraulic cylinders.
    In the 1980s, he recognized the importance of the
    emerging IT field, changed the company name to
    WIPRO and entered the high-technology sector.
    Started manufacturing minicomputers under
    technological collaboration with an American
    company Sentinel Computer Corporation.
    Thereafter Premji made a focused shift from soaps
    to software.

    ABOUT AZIM PREMJI (CONTD)

    Today Azim Premji is the chairman of Wipro Limited,


    guiding the company to emerge as one of the Indian
    leaders in the software industry.
    The companys IT division became the world's first to win
    SEI CMM level 5 and PCMM Level 5 (People Capability
    Maturity Model) certification, the latest in quality
    standards.
    Since his immigration into his father's business he has
    transformed a US $2million company into a global
    technology group with $2.5 billion in sales. Premji owns 79
    percent of Wipro.
    According to Forbes, he is currently the fourth wealthiest
    Indian, and the 91st richest in the world, with a personal
    wealth of $17.2 billion in 2013.

    CHARACTERISTICS AS AN ENTREPRENEUR
    Premji has been recognized by Businessweek as
    one of the Greatest Entrepreneurs for being
    responsible for Wipro emerging as one of the
    worlds fastest growing companies.
    He has the following characteristics as an
    entrepreneur
    - Innovative: Azim Premji in during the 1980s
    capitalized the opportunity in the market and
    diversified his business to Information Technology
    sector. He took advantage of the expulsion of IBM
    (the then global IT giant) from India.

    CHARACTERISTICS AS AN ENTREPRENEUR
    (CONTD)
    - Flexibility: With the passage of time Azim Premji
    has kept changing his business strategy. He during
    the early years of joining the company diversified it
    to bakery fats, ethnic ingredient based toiletries,
    hair care soaps, baby toiletries, lighting products,
    and hydraulic cylinders. He has got the ability to
    adapt.
    - Strategic Insight: Azim Premji always had the
    intuition about the future trend of business. He
    during his past four decades of leadership has
    successfully run the company owing to his strategic
    insight into how things would move in future.

    CHARACTERISTICS AS AN ENTREPRENEUR
    (CONTD)
    - Bearer of risk and uncertainty: When he diversified to the
    IT sector there was an inherent risk associated with it, but he
    was not ready to let the opportunity go away. Therefore he
    took the risk of such unrelated diversification and succeeded.
    - Ethical: Azim Premji has always maintained an ethical
    approach to business. He has never being found associated
    to unethical business practices.
    - Organization Building: With his leadership skills Azim
    Premji has build a team, generate resources and solve
    problems. He has efficiently performed the planning,
    coordinating and controlling functions being the Chairman of
    WIPRO.

    AZIM PREMJI: A PHILANTHROPIST


    In 2001, he founded Azim Premji Foundation, a
    non-profit organization, with a vision to significantly
    contribute to achieving quality universal education
    In December 2010, he pledged to donate $2 billion
    for improving school education in India.
    Azim Premji has become the first Indian to sign up
    for the Giving Pledge. In April 2013 he said that he
    has already given more than 25 per cent of his
    personal wealth to charity.

    AWARDS AND RECOGNITIONS


    In 2000, he was voted among the 20 most powerful
    men in the world by Asiaweek.
    He has twice been listed among the 100 most
    influential people by TIME Magazine, once in 2004
    and more recently in 2011.
    In 2005, the Government of India honoured him
    with the title of Padma Bhushan for his outstanding
    work in trade and commerce.
    In 2011, he has been awarded Padma Vibhushan,
    the second highest civilian award by the
    Government of India.

    THANK YOU

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