Azim Premji: Richest Indian and a Billionaire Donor
we needed to work purposefully towards establishing a more humane, equitable and ethical society for all our citizens -Azim Premji
Azim Premji (Born on 24th July 1945) is a Billionaire industrialist from India who knows his social responsibilities very well. Recently he donated Rs. 12,300 Crores (2.3 Billion Dollars) to his welfare trust Azim Premji Foundation, which works for education of rural rural students in India. This is the largest individual fund transfer as donation in India.
Azim Premji is the Chairman of Wipro, the renowned software company of India. He is the 3rd richest person in India. He was listed twice in the Time magazine's list of 100 Most Influential People in the world.
It is not his first big donation. In 2010, he had donated 8.7% of his personal stock holding in Wipro to the trust. He says he learned to give from his mother. His personal wealth is over 12 Billion Dollars.
In 2010, he became the first Indian and third non-American to sign Gates-Buffet International Giving Pledge. Azim Premji is known as India's Bill Gates.
With this donation, Azim Premji has become one of the top 5 givers in the world.
For his contribution in trade and business, as well as in philanthropy, he was awarded Padma Vibhushan, the 2nd highest civilian award of India, in 2011. Before that, he was awarded Honorary Doctorate by Wesleyan University of Connecticut, USA, in 2009.
privileged to have wealth should contribute significantly to try and create a better world for the millions who are far less privileged.
He supports the idea of more taxes for rich people.
Azim Premji Foundation
In 2001, Azim Premji established a Non-Profit Organization Azim Premji Foundation. The foundation has close tie-ups with various state Governments in India, and it works in rural areas of 8 states to improve the quality of the school education. The states where the foundation works include Andhra Pradesh, Bihar, Chhattisgarh, Karnatak, Rajsthan, Madhya Pradesh, Uttarakhand and Puducherry.
At present, the foundation has about 800 volunteers, and Premji wants to grow the number to 4000-5000 people. It has opened hundreds of schools in rural India, and an University for development of talent. The University focuses on research, and interlinks theory and practice. Along with Degree programs, the University has continuing education program.
The schools run by the foundations are affiliated to State Boards of Education, and focus on children with poor background. They provide education from pre-school to 12th class. The education is free of cost.
With the latest fund transfer to Azim Premji foundation, its stake in Wipro has gone up to 19.3%.
Wipro Ltd. is a IT outsourcing company, which has 1,40000 employees. The company has over 900 clients in 57 countries. The company was established in 1945 as a food industry. it entered in information technology sector in 1990 and became one of the biggest IT companies in the world.
Wipro is abbreviated name of the original name Western India Products Limited.
Let us hope more and more business tycoon donate their money for welfare of needy people, as Azim Premji has surely inspired them by his action.
Azim Premji Interview
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