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Azim Premji

(1945)

“As you get bigger, you have to learn to delegate. It’s also an excellent way to get staff involved in the company’s operations.”

“Character is one factor that will guide all our actions and decisions. We invested in uncompromising integrity that helped us take difficult stands in some of the most difficult business situations.”

“As an advisor, I can say what I want. If I were a politician, I would constantly have to compromise, and I’m incapable of doing that.”

“As you get bigger, you have to learn to delegate”

Azim Premji (born July 24, 1945) is an Indian businessman, and the richest person in the country (from 1999 to 2005 according to Forbes). He is a graduate in Electrical Engineering from Stanford University, USA. At the age of 21, Premji joined Wipro, his father's vegetable oil business (then) (in 1966) after the sudden demise of his father. An alumnus of Stanford University, USA, Mr.Azim H Premji joined Wipro in 1966 at the age of 21. (now he is the Chairman of Wipro Corporation).

Under Azim Premji's leadership, a Rs.70 million company in hydrogenated cooking fats has grown to a $500 million diversified, integrated Corporation in Services, Technology Products and Consumer Products with leadership positions in the businesses it is in.

A role model for young entrepreneurs across the world, Mr.Azim Premji has integrated the country's entrepreneurial tradition with professional management, based on sound values and uncompromising integrity.

Azim Premji's strength lies in bringing together and building charged teams of high potential-high performing people. His vision and pragmatism have helped Wipro Corporation to become the #2 most competitive and successful company in India as rated by Business Today, a leading business magazine in India Today, Wipro in terms of market capitalization is among the top 10 Corporations in India.

Premji very strongly believes that the most important contributors to Wipro's success have been the articulations and faithful adherence to core values, a shared vision for the future, identification and development of Wipro leaders through clearly defined Wipro Leaders' Qualities.

A hands-on business leader with standards of excellence in everything that the Corporation does, Premji is almost fanatical about delivering value to customers and his willingness to sacrifice business and profits to hold on to "Our Promise".

Azim Premji was the Prime drive behind Wipro's decision to achieve "Six Sigma" status in the next six years. In his address to the top management of Wipro Corporation on May 2. 1997, he said, "The end objective of our 'customer-in' concept is that we want to build the voice of the customer in our products and services. This is opposite to the concept of 'product-out', which is the way the world has been operating for some time." In this journey of achieving the near defect-free products and services, Premji is very clear that as a world class organisation, what Wipro needs to be concerned about is the process, not merely the results.

In 2000, Azim Premji was voted among the 20 most powerful men in the world by Asiaweek. He was also among the 50 richest people in the world from 2001 to 2003 according to Forbes. According to a 2003 BBC report, he is "regarded as an Indian Bill Gates". In April 2004, he was rated among the 100 most influential people in the world by Time magazine. His assets include 84% of Wipro, the remaining 26 percent belonging to the cofounder of Wipro. Premji is now the chairman of Wipro. Wipro grew from a company of US $1.5 million to a giant of $1.4 billion under his leadership. Premji's company dealt in hydrogenated cooking fats, along with consumer products. Now, however Wipro is one of India's largest software companies and is ranked among the top 100 technology companies globally.

He is also known for his charitable causes – he famously supports projects to develop Indian rural schools. Despite his ever rising fortunes, the man is loathe to discuss his richness attributing it to market dynamics rather than to his personal dynamism. Recently, Azim Premji has been appointed in the central board of Reserve Bank of India.

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