Sunday, 16 June 2013

ACHIEVEMENT OF WIPRO AND ABOUT AZIM PREMJI

Wipro is listed in the Dow Jones Sustainability Index 2012-2013 for the third year in a row.Also recognized as World Sector Leader for the "COMPUTER SERVICES and INTERNET SECTOR"


SOME  FACTS ABOUT AZIM PREMJI:
  •  Dropping out of Stanford at age 21 to take over the reins of Wipro following the sudden demise of his father. At that time, the company made hydrogenated cooking fat. (He completed his degree over 30 years later).  
  • Three years after appointing two CEOs, Suresh Vaswani and Girish Paranjpe, to navigate Wipro, the duo was suddenly removed and replaced. The company says that the move was in keeping with the changes in the business environment , but sceptics find it hard to believe. The duo resigned from Wipro.
  • Icon: JRD Tata 

    Leadership style: Knows every small detail of his businesses, but does not interfere with everyday operations of the various independent business heads. 
  • Transferred 8.6% of his stake in the company, worth about Rs 8,646 crore, to the Azim Premji Foundation. This is the biggest act of individual philanthropy in India. 
  • Rishad, 33, who joined Wipro from consulting firm Bain & Co in June 2007, and became general manager (treasury & investor relations) in 2009, was promoted to replace Lakshminarayana KR as the chief strategy officer in 2010.
  • The blatant rise in corruption in India. Premji was a signatory to an open letter to Indian leaders questioning the current state of affairs  
  • Wipro is the second-largest hydraulic cylinder company in the world. 
  • Enjoys trekking and loves watching movies; he often turns to his senior executives for recommendations  
  • Was awarded the Padma Vibhushan in 2011 
  •  HIS FAMOUS QUOTE: "As you get bigger, you have to delegate. It's also an excellent way to get staff involved in the company's operations." 

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