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Azim Premji
Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon, investor and philanthropist, who is the chairman of Wipro Limited, informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth to finally emerge as one of the global leaders in the Software Industry.〔(Azim Premji Profile ) Forbes.com. Retrieved September 2010.〕 In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011.〔Gates, Bill. (21 April 2011) (Azim Premji – The 2011 TIME 100 ). TIME. Retrieved on 12 November 2011.〕 Premji owns 73% percent of Wipro and also owns a private equity fund, PremjiInvest, which manages his $2 billion worth of personal portfolio. In 2013 he gave away 25 per cent of his personal wealth to charity and has also pledged to give away the rest of 25% in the next 5 years.〔(With $2 billion corpus, PremjiInvest plays VC, PE, stockmarket game ). Livemint (10 June 2008). Retrieved on 28 July 2013.〕
==Career==
In 1945, Muhammed Hashim Premji incorporated Western Indian Vegetable Products Ltd, based at Amalner, a small town in the Jalgaon district of Maharashtra. It used to manufacture cooking oil under the brand name Sunflower Vanaspati, and a laundry soap called 787, a byproduct of oil manufacture.〔(Western Indian Products Ltd incorporated in 1945 ). Churumuri.wordpress.com (2009-07-20). Retrieved on 2015-11-21.〕 In 1966, on the news of his father's death, the then 21-year-old Azim Premji returned home from Stanford University, where he was studying engineering, to take charge of Wipro. The company, which was called Western Indian Vegetable Products at the time, dealt in hydrogenated oil manufacturing but Azim Premji later diversified the company to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. In the 1980s, the young entrepreneur, recognising the importance of the emerging IT field, took advantage of the vacuum left behind by the expulsion of IBM from India, changed the company name to ''Wipro'' and entered the high-technology sector by manufacturing minicomputers under technological collaboration with an American company Sentinel〔(Home Page - Sentinel Technologies, Inc ). Sentinel.com. Retrieved on 2015-11-21.〕 Computer Corporation.〔Chakravarty, 1998:2〕 Thereafter Premji made a focused shift from soaps to software.〔(Azim Premji Profile – Biography of Azim Premji – Information on Azeem Premji Wipro Technologies ). Iloveindia.com (24 July 1945). Retrieved on 12 November 2011.〕
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