Azim Premji enjoys a well-deserved reputation as one of the most influential entrepreneurs of India and has regularly featured on the list of most powerful men in the world. Currently Premji is the third richest man in India but his impact on the Indian technological industry goes far beyond these numbers. He is considered to be one of the pioneers of the Indian software industry and is largely credited for transforming his company “Wipro Limited”, which was a FMCG firm during the 80s to one of the leading blue chip technological organizations in India. Premji has been honored with several awards and honorary doctorates including the “Padma Vibhushan”, India’s second highest civilian felicitation in recognition of his life time achievements in the business world.
The dazzling run of success enjoyed by Wipro during the past two decades has turned Premji in to one of the richest men in the world with an estimated net worth of $12 billion. Premji’s financial clout is largely due to his position as the chairman and majority shareholder of Wipro. In addition to the technological giant, the industrialist also runs a private equity fund, “PremjiInvest” which manages stock assets valued at over $1 billion.
The businessman leads a very austere lifestyle and has consciously chosen to avoid acquiring expensive playthings of the rich and famous like private jets, yachts and high end cars even though he has the financial might to buy almost any kind of luxury item. Premji resides in a simple home in his work place of Bangalore and drives around in a Toyota Corolla, a car which for all its positive qualities cannot be described as a luxury car by any stretch of the imagination. The IT mogul harbors a strong desire to make a positive difference to the abysmal quality of education prevalent in India. To further this aim the Wipro chairman has set aside more than $2 billion of his personal fortune to fund his ambitious pet project of improving village education and started the philanthropic organization, “Azim Premji Foundation”. The primary goal of the NGO is to achieve quality universal education to felicitate a just and equitable society in the long run.
Premji’s low profile style of functioning in the corporate world extends to his personal life as well. The entrepreneur’s name has never been embroiled in any kind of unsavory controversies. Premji was born in a well off business family and generally had a smooth ride throughout his formative years. He is happily married to his wife Yasmeen for the past few decades and the couple is proud parents of two grown up sons. The man is a complete workaholic and seldom goes on any vacations.