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The Indian Entrepreneur Behind the IT Conglomerate Wipro
1. Mr. AZIM PREMJI
THE INDIAN ENTRPRENUER BEHIND THE
CONGLOMERATE
• Ajay Singh
IIT Delhi
2. • The Enterpreneur 1/ 2
Born 24 july 1945
Residence Banglore , India
Nationality Indian
Ethnicity Kutchi
Education Stanford University
Occupation Chairman of Wipro
Net Worth US $ 15.9 billion
Azim Hashim Premji
3. 2/2
Transformed from vegetable oil
company to leading IT services.
An Indian business tycoon and
philanthropist.
Richest person in the country
From 1999 to 2005 (Forbes) .
Third richest Indian (currently) .
Left out his engineering in CS in 1966
and completed in 1999 in EE .
4. • Personality
traits
• Value-oriented person.
• Down-to-earth personality.
• High on action.
• Believes in professionalism.
• Prefers solitude to the spotlight
• Always believes in work.
5. • Early life
• Initial education St. Mary's School, Mumbai
•Left Engineering from Stanford University, California
(because of sudden death of his father )
•Took family business of hydrogenated cooking
fats & diversified .
6. • As a business personality his journey
towards success
• He had took over the reign of his family run business at
the young age of 21 in 1986.
• The biggest hurdle was to win the confidence of the
shareholders.
• Diversification of family run business into a large empire.
• From vegetables oil business to one of the largest IT
service provider and software behemoth “Wipro” .
7. • The Journey of Wipro 1/5
• Initially Amalner-based “ vanaspathi manufacturing ”
company
• The Company began manufacturing light bulbs with
General Electric
• consumer products including soaps, baby care products,
shampoos, powder etc.
• In 1975, Wipro Fluid Power business unit manufacturing
hydraulic cylinders and truck tippers was started.
8. 2/5
THE TURN
1980s Wipro entered the IT field, taking advantage of the
expulsion of IBM from the Indian market in 1975 . Thus,
Wipro became involved in manufacturing computer
hardware, software development and related items, under
a special license from Sentinel.
NOW
Wipro has grown up as India’s biggest and most competitive
IT company based in Bangalore.
9. vanaspathi 3/5
manufacturing company
Wipro Products Ltd
Wipro Technologies
IT Sector
Wipro corporation
10. Products/services 4/5
Socials vanaspathi
(Education) manufacturing
6 1
manufacturing light bulbs
computer with General
hardware, 5 2 Electric
software products
development and
related items.
4 3
Wipro Fluid other consumer
Power products like soaps,
business unit baby care products,
shampoos, powder
etc
11. 5/5
• A large percentage of the company’s revenues are generated
by the IT division.
• Wipro works with leading global companies, such as
Alcatel, Nokia, Cisco and Nortel and has a joint venture in
Medical Systems with General Electric company.
• Net earning of wipro is US$ 15.9billion (2012).
12. Premji’
1/ 2
Premji’s
s
Secret
story
Of
of
succes
success
s
Premji is an absolute workaholic and according to him work
is the only way to success and survival in a competitive
environment. Premji strongly believes that ordinary people
are capable of extraordinary things and that the key to this is
creating highly charged teams. And some other points of his
13. 2/2
Secret of his success are :
• determination and perseverance, when coupled
With knowledge
• clear vision and proper planning
• enable one to reach the peak of success and leadership.
• looking forward for applying thoughts .
14. • Style of Entrepreneurship 1/
2
Leadership about ‘enabling others’ and applied to all
walks from family to corporation
Built Wipro as a ‘family owned’ company
Grow outside’ approach where senior executives quit
to become Entrepreneurs
Never believed in the media & never accessible for
media personnel
Strong value system for making success more
15. 2/ 2
Entrepreneurial qualities
commitment and determination
leadership
opportunity obsession
tolerance of risk
creativity
ability to use failure experience as a way of learning
self-reliance and ability to adapt
motivation to excel.
16. • Honours and awards 1/ 4
• Richest person in the country from 1999 to 2005 by
Forbes.
• Asia week magazine voted him among the 20 most
powerful men in the world in 2000.
• Business man of the year 2000 by Business India.
• In 2000, Honorary Fellowship by Institute of Electronics
and Telecommunication Engineers.
• member of the Prime Minister’s Advisory Committee for
Information Technology in India.
17. 2/4
• Featured among the 100 most influential people in the world
by Times magazine in 2004.
• Awarded Padma Bhushan in 2005 by Govt. of India.
• In 2006, “ Lakshya Business Visionary ” by National
Institute of Industrial Engineering, Mumbai.
• Member of the Prime minister’s Advisory committee
for information-technology in India.
• "Global Vision" award by US-India Business Council .
18. 3/4
• In 2007, Featured in the business week all-time top 30
entrepreneurs of the world.
• Conferred ‘Doctorate ’ by Wesleyan University USA ,
IIT Roorkee, Manipal Academy of Higher Education,
Aligarh University and Visveswaraya Technological
University.
.
• Awarded Padma Vibhushan by the Indian Gov. in 2011.
• non-executive Director on the Board of the RBI .
19. 4/4
Other Honours
• The "Legion of Honour" in 2011 by the Republic of France .
• first Indian recipient of the Faraday Medal (In 2005).
• XLRI, Jamshedpur has conferred the Sir Jehangir Ghandy
Medal for Industrial and Social Peace.
• Membership of the Indo-UK and the Indo-France CEO's forum.
• His Foundation was recognized as the Corporate Citizen of the
year by the Economic Times.
20. • Impact of entrepreneurial - thoughts
The journal Foreign Policy listed him as one of the “ top
global thinkers” in November 2011 .
Forbes (March 2003) listed him as one of ten people globally ,
who have the most "power to effect change".
Business Week (October 2003) featured him on their cover with
the sobri sobriquet "India's Tech King" .
Financial Times listed him in the global 25 people who are
"dramatically reshaping the way people live, work or think"
21. 1/
• Premji As a philanthropist 2
• In 2001, Premji established the Azim Premji Foundation,
a not-for-profit organization with a Vision of significantly
contributing to quality primary education for every child.
• The Foundation has reached out to over 2.5 million
children in more than 20,000 schools across India.
• 2006, the Foundation was recognized as ‘the Corporate
Citizen of the year’ by the Economic Times.
22. 2/
2
• Established University and multiple field level institution
to improve education and research.
• In December 2010, Premji pledged to donate $2 billion for
improving school education in India through his foundation.
• Azim Premji also established the Wipro Equity Reward Trust
to all wiproite.
23. • Premji’s view : message for us
“ If people are not laughing at your
goals, yours goals are too small” .
“We have an absolutely unique opportunity today
but it comes with the Set of challenges. The first
big challenge comprises ecological sustainability
And tackling climate change. The second is that
of reducing poverty and inequality In the world ”.
24. It was a real pleasure to understand the person
and the contribution that he has
made for India