Monday Motivation-Azim Premji

AZIM PREMJI, The Son of Mohamed Hashem Premji who was a prominent businessman who founded the Western Indian Vegetable Products Ltd., a company dealing in vegetable products and refined oils.

He took control of his father’s business in 1966 when he was just 21 years old. At that time the company primarily dealt in hydrogenated oil manufacturing. Soon after assuming control, Premji began to look for diversification opportunities and strove to expand the business beyond refined oils. Soon the company diversified to include bakery fats, toiletries, light bulbs, hair care products, and hydraulic cylinders in its portfolio. Since the company no longer dealt with just vegetable products, Premji renamed it “Wipro” in 1977.

the Indian government expelled the computer firm IBM from the country In 1979. Premji saw this as a great opportunity for tapping into the emerging computer hardware and software market and began moving Wipro into the computer business.the company collaborated with several other businesses in the computer field, including an American company Sentinel Computer Corporation, to form partnerships and positioned Wipro as a successful manufacturer of computer hardware. Eventually the company entered the software market too.

The growing wealth of the company also ensured that Premji became one of the richest businessmen in the world. The ‘Business Week’ hailed him for being one of the Greatest Entrepreneurs for making Wipro one of the fastest growing companies in the world.

 

Besides being world’s one of the richest business tycoon,Azim Premji has a deep faith in giving back to the society. He founded the Azim Premji Foundation, a non-profit organization, in 2001. Through this foundation he aims to contribute towards achieving quality education for all in rural India in order to build a more equitable and sustainable society. The foundation functions in several states including Karnataka, Rajasthan, Pondicherry, Andhra Pradesh and Bihar.

In 2011,He was awarded the Padma Vibhushan, the second highest civilian award by the Government of India.

 

“If people are not laughing at your goals, your goals are too small.”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s