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    Mr. Azim Premji: An Overview of The Personality and The Name Behind The Conglomerate

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    Ankit Jain
    Azim Premji took over his family's vegetable oil business at the age of 21 after his father's death. He transformed the small company into the large IT services firm Wipro through diversification and expansion. Premji established strong values like professionalism and modesty at Wipro. Under his leadership, Wipro became one of the top IT companies in the world and Premji was named one of the best entrepreneurs. He is known for his down-to-earth personality and focus on social causes like education through his philanthropic foundation.

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    Mr. Azim Premji: An Overview of The Personality and The Name Behind The Conglomerate

    Uploaded by

    Ankit Jain
    504 views15 pages
    Azim Premji took over his family's vegetable oil business at the age of 21 after his father's death. He transformed the small company into the large IT services firm Wipro through diversification and expansion. Premji established strong values like professionalism and modesty at Wipro. Under his leadership, Wipro became one of the top IT companies in the world and Premji was named one of the best entrepreneurs. He is known for his down-to-earth personality and focus on social causes like education through his philanthropic foundation.

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    Azim Premji

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    Azim Premji took over his family's vegetable oil business at the age of 21 after his father's death. He transformed the small company into the large IT services firm Wipro through diversification and expansion. Premji established strong values like professionalism and modesty at Wipro. Under his leadership, Wipro became one of the top IT companies in the world and Premji was named one of the best entrepreneurs. He is known for his down-to-earth personality and focus on social causes like education through his philanthropic foundation.

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    Download as pptx, pdf, or txt
    504 views15 pages

    Mr. Azim Premji: An Overview of The Personality and The Name Behind The Conglomerate

    Uploaded by

    Ankit Jain
    Azim Premji took over his family's vegetable oil business at the age of 21 after his father's death. He transformed the small company into the large IT services firm Wipro through diversification and expansion. Premji established strong values like professionalism and modesty at Wipro. Under his leadership, Wipro became one of the top IT companies in the world and Premji was named one of the best entrepreneurs. He is known for his down-to-earth personality and focus on social causes like education through his philanthropic foundation.

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    Presentation on

    An Overview of the personality and the name behind the conglomerate

    What name comes in everyone's mind ?

    Mr. AziM PREMJI


    The entrepreneur

    • Indian engineer and businessman

    • Chairman of Wipro

    • Transformed from vegetable oil


    company to leading IT services

    • Richest person in the country from


    1999 to 2005 (Forbes)
    About the Person (biodata)

    •Born July 24, 1945 Bombay

    •Occupation Chairman of Wipro

    •Achievement Padma Bhushan in 2005

    •Spouse Yasmeen Premji

    •Children Rishad & Tariq

    Early life

    • Initial education St. Mary's School, Mumbai

    •Left E.E from Stanford University, California (father’s death - 1966)

    •Took family business of hydrogenated cooking fats & diversified


    Azim Hasham Premji's Value-Based Leadership

    In July 2007, Business Week nominated Azim Hasham Premji


    (Premji), the Chairman of Wipro, as one of the top 30 all time
    great entrepreneurs in the world. The case discusses the
    leadership qualities of Premji. Under his leadership, Wipro, a
    small vegetable oil company in the mid-1960s, was
    transformed into one of the leading IT services company by the
    early 2000s. Premji had established a strong value system in
    Wipro and believed that values not only helped in achieving
    success but also made that success more enduring and lasting.
    The case discusses in detail about the few leadership initiatives
    taken up in Wipro in order to develop leaders within the
    organization.
    The turn around

    Took over Wipro at 21 years of age & transformed from soap to software
    Ambitious phase of expansion and diversification.
    known for modesty and frugality in spite of his wealth
    Greatest Entrepreneurs for Wipro emerging as world’s fastest growing companies

    PERSONALITY TRAITS

    Value-oriented person.

    Down-to-earth personality.

    High on action.

    Believes in professionalism.

    Prefers solitude to the spotlight


    AZIM PREMJI’S LIFE-AT A GLANCE

    Born in the year of 1945 in Bombay.


    Bhora muslim by religion.
    He has completed his electronic engineering from
    Stanford University, USA.

    AS A BUSINESS PERSONALITY HIS JOURNEY


    TOWARDS SUCESS

    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.
    About the person

    Azim Hashim Premji was studying Electrical Engineering from Stanford


    University, USA when due to the sudden demise of his father, he was
    called upon to handle the family business. Azim Premji took over the
    reins of family business in 1966 at the age of 21.

    At the first annual general meeting of the company attended by Azeem


    Premji, a shareholder doubted Premji's ability to handle business at such
    a young age and publicly advised him to sell his shareholding and give it
    to a more mature management. This spurred Azim Premji and made him
    all the more determined to make Wipro a success story. And the rest is
    history.

    When Azim Premji occupied the hot seat, Wipro dealt in hydrogenated
    cooking fats and later diversified to bakery fats, ethnic ingredient based
    toiletries, hair care soaps, baby toiletries, lighting products and hydraulic
    cylinders. Thereafter Premji made a focused shift from soaps to software.
    Message to all wiproite

    Lesson #1: Be careful to ask what you want.


    You may get it.

    Lesson # 2: Respond, don’t react

    Lesson # 3: Intuitions are important for making


    decisions
    Lesson # 4: Learn to work in teams

    Lesson #5: Never lose your zest and curiosity

    Lesson # 6: Put yourself first


    Lesson # 7: Have a broader social vision

    Lesson # 8: Play to win


    About Wipro

    Wipro Limited, through its subsidiaries, provides IT services


    worldwide. It offers software solutions, IT consulting,
    business process outsourcing services, and research and
    development services in the areas of hardware and software
    design. The company operates in three segments: Global IT
    Services and Products, India and Asia Pac

    IT Services and Products, and Consumer Care and Lighting.


    The Global IT Services and Products segment provides IT
    services to customers in the Americas, Europe, and Japan.
    The India and Asia Pac IT Services and Products segment
    operates in the Indian IT market and offers IT products and
    services to the companies in India, Asia-Pacific, and the

    Middle East region. Consumer Care and Lighting segment


    engages in the manufacture and sale of consumer care and
    lighting products. The consumer care products include soaps
    and toiletries, baby products, talcum powders, and
    hydrogenated cooking oils. The lighting products include
    light bulbs, fluorescent tubes, and luminaries. Wipro Limited
    was founded in 1945.The company is headquartered in
    Bangalore, India.
    Wipro history detail

    “The company was established by Mohamed Hasham Premji


    in 1945. He was a leading rice merchant and commission agent
    in Bombay.

    When Mohammed Ali Jinnah set up the planning committee


    of the Muslim League (on the lines of the national planning
    committee of the Indian National Congress) in September
    1944, he invited Hasham Premji to be a part of it. But Premji
    did not want to join the League formally for ‘personal and
    business reasons’. He was then assured by Jinnah that he could
    serve without publicly signing the Muslim League pledge¹.
    “Jinnah reportedly sought out Premji once again when he was
    forming the first cabinet in Pakistan to serve as his finance
    minister. But Premji rejected the offer and decided to stay on in
    India and nurture his oil business²

    The person behind


    About Wipro

    Public
    Type BSE: 507685
    NYSE: WIT
    Industry IT Services
    Founded 1945
    Founder(s) M. H. Premji
    Headquarters Bangalore, Karnataka India
    Azim Premji (Chairman)
    Girish Paranjpye (joint CEO)
    Key people
    Suresh Vaswani (joint CEO)
    SA Sudarshan
    IT Consulting
    Business Process Outsourcing
    Services
    Product Engineering Solutions
    Technology Infrastructure Services
    Revenue ▼ US$ 4.98 billion (2009)
    Net income ▼ US$ 0.82 billion (2009)
    Total assets ▼ US$ 5.38 billion (2009)
    Employees 98,391 (As on 27 October, 2009)
    Website Wipro.com
    Style of Entrepreneurship

    • 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 enduring


    and lasting.
    “unceasing quest for excellence”

    Azim Premji's secrets for success

    • He's the seventh richest Indian and the 60th richest man in
    the world. In fact, from 1999-2005, Forbes has rated him as the
    richest person in India.

    • He transformed a company that sold vegetable oil into one of


    the world's most recognized software
    companies.

    • Humble by nature, 63-year-old Premji prefers to fly economy


    class and is happiest when hiking, reading or discussing the
    foundation he has set up to promote primary education.
    Awards and Accolades

     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.

    Awarded an honorary doctorate by the Manipal Academy


    of higher education in 2000.

    Business man of the year 2000 by Business India.

    Featured among the 100 most influential people in the world by Times magazine in 2004.

    Awarded Padma Bhushan in 2005 by Govt. of india.

    Member of the Prime minister’s Advisory committee for information technology in india.

    Featured in the business week all-time top 30 entrepreneurs of the world in 2007.
    It was a real pleasure to understand the person
    and the contribution that he has
    made for India

    Thank You

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