Azim Premji – A Man Who Brought Revolution In Indian IT Industry

Azim Premji is an Indian Business Tycoon, Investor, and Philanthropist, and Present Chairman of Wipro. Wipro is a software firm that used to build minicomputers. Initially, Wipro sold vegetables and oil, but Azim Premji believed that if we push this company into the technology area, it would be fantastic.

How Azim Hashim Premji Originated Wipro? 

Wipro became the 4th largest company in India. Azim Premji has been running the command of the company for almost 53 years and today he comes in the list of the top 5 rich people in India. Azim Premji’s father, Hashim Premji, founded Wipro in Mumbai and the company name was Western India Vegetable Products Ltd. It started with cooking oil in Maharashtra, the year Hashim Premji started the company, in the same year Azim Premji was born in Mumbai. Azim Premji’s father was known as Rice King. 

Azim Premji’s father had become a famous rice businessman of India, but suddenly the British applied some such rules, due to which he had to change his business. Then he started making vegetable ghee and started the Western India Vegetable Company in 1945. Following that, in 1946, he established the Vanaspati Ghee plant, 400 kilometers from Mumbai, and within two years, the firm became a public limited company.

Turning Point for Azim Premji  

On August 11, 1966, Azim Premji was at the age of 21, and studying at Stanford University in America, and had no option that his life would take a new turn from today. Azim received a phone call in the morning from his mother, and his mother said that his father is no more. Azim and his family were going through a difficult period, so he returned to Mumbai. After some time Azeem started taking command of his company Wipro and his father also wanted the same. 

How did Azeem advance the Wipro company? 

21-year-old Azim had no knowledge of work, yet he proved himself with time and turned the company into a multinational company. When Azim Premji took over the business, the company’s worth was some 70 million. Azim Premji made the company more brilliant by bringing changes in policy, strategies as well as techniques. 

Journey of Wipro from Development to Success

Azim entered the IT field in 1980 and he named his company – Wipro. After IBM left India, the company started manufacturing personal computers as well as providing software services. In 1989, Wipro formed a joint venture with the American company General Electricals to manufacture medical instruments, then the company that used to make vegetable refined oil products was now doing very well in the IT world. Azim Premji turned Wipro into a global IT company and he was called the King of the IT Industry. 

Time magazine included Azim in the list of 100 most impactful people in 2004 and 2011. The company also gets work from other countries as well. In 1995, Azim resumed his studies and graduated from Stanford University with a degree in engineering. Moreover, in the year 2000 company was listed on the New York Stock Exchange.

Furthermore, in 2004, the revenue of Wipro company reached $ 1 billion. In 2005 Azim Premji also took over the post of CEO of the company and after 2 years his son Rishad Premji also joined Wipro company. Today Wipro’s IT business is in 10 countries. 

Plan of Azim Premji Throughout the Wipro Company  

Premji has given all of his business to his son Rishad, and it is also reported that Azim Premji wishes to devote a large portion of his wealth to spirituality and social services. He is regarded as one of the country’s largest benefactors. Premji has given a message to the employees that till now we have done very satisfactory work and, in the future, I want to focus on my social services work. 

Wipro will continue to make changes in itself to touch new heights, the world is changing but the company will remain on its rules and discipline and I am sure that the company will be worth more than ever and Premji is so down to earth. 

The Inspiration Story of Azim Premji Makes a good impact on Youngster life.

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