Azim Premji

Premji owns 78 percent of Bangalore-based Wipro, India's third-largest software exporter. His technology company employs more than 100,000 people and has annual revenue of more than $7.7 billion. He also owns a private equity fund, PremjiInvest—which manages his $1 billion personal portfolio—and stakes in JM Financial and Himatsingka Seide.

Azim Premji News

India’s Nifty Futures Signal Stocks May Extend Last Week’s Rally

Indian stock-index futures rose, signaling stocks may extend the biggest weekly increase in more than four months.
Wipro Net Income Profit Rises on Outsourcing Demand

Wipro Ltd. posted a 17 percent gain in fourth-quarter profit as clients of the technology-services company controlled by billionaire Azim Premji maintained spending on outsourcing.
Wipro Falls Most in Four Years After Spinoff of Unit

Wipro Ltd. fell the most in more than four years in Mumbai trading after India’s third-largest software-services provider traded for the first time as a standalone entity following a spinoff.
Wipro’s Premji Seeks $1 Billion in M&A: Corporate India

Wipro Ltd. is seeking to make more than $1 billion in acquisitions over the next 18 months, adding intellectual property and software to help boost profit, Chairman Azim Premji said.
Wipro’s Premji Invests $15 Million in Khosla’s Clean-Tech Fund, Times Says

Azim Premji, chairman of Wipro Ltd., India’s third-largest software-services provider, has invested $15 million in billionaire Vinod Khosla’s clean-tech fund for his first overseas investment, the Economic Times reported, citing people it didn’t identify.
The World’s 200 Richest People

Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Billionaire Branson Joins Buffett’s Charitable Pledge

The first billionaires from outside the U.S. today announced they would donate at least half of their wealth to philanthropy, joining the Giving Pledge initiative started by Warren Buffett and Bill and Melinda Gates.
Bird’s Nest Cream to Drive Wipro’s China Growth: Corporate India

Wipro Ltd., the Indian software-to- soaps company controlled by billionaire Azim Premji, said Chinese demand for cosmetics containing bird’s nest extracts will help its consumer unit counter slowing growth at home.
India’s Larsen Barred From World Bank Contracts for 6 Months

Larsen & Toubro Ltd., India’s biggest builder of power networks and airports, has been barred from World Bank-financed contracts for six months under the lender’s fraud and corruption policy.
Wipro Declines Most in Nine Months as Staff Use Falls

Wipro Ltd., the technology-services company controlled by billionaire Azim Premji, fell the most in four years in Mumbai trading after reporting a decline in staff- utilization rates.