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<ul><li><keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> founder <keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> had earlier in June announced his resignation from his post of executive chairman and Managing Director. </li><li>Premji said that Digital, Cloud, Engineering Services and <keyword id="137092" type="PERSON" weightage="20" keywordseo="cyber-security">Cyber Security</keyword> would be areas of big investments for Wipro. </li><li>He also added that the operating margins of the company had improved by 1.8%. </li></ul>Wipro Chairman Azim Premji attended his last annual general meeting and addressed its employees and shareholders. Premji mentioned that Digital, Cloud, Engineering Services and Cyber Security are going to be the four big areas of investments for the company. “To lead in this time of rapid change, we have sharpened our strategy into four pillars based on what our clients need i.e. Business Re-imagination, Engineering Transformation and Modernization, Connected Intelligence, and Trust. In order to build capabilities that are needed to deliver these strategies, we have been investing significantly in four areas - Digital, Cloud, Engineering Services and Cyber Security,” he said according to <a href="https://www.moneycontrol.com/news/business/full-text-azim-premjis-address-at-wipros-73rd-agm-4212621.html">reports</a>. He also addressed that technology in terms of going digital and artificial intelligence is the need of the hour and that employees at Wipro have been reskilled to do so. The company which is in its 75th year, had organised its 73rd AGM. Azim Premji, founder of Wipro, had resigned from his post of executive chairman and Managing Director. His son Rishad Premji, who is currently on the board of Wipro and its Chief Strategy Officer, will be taking over as executive chairman. Premji Senior will continue to be on the board of the company. He had served as the executive chairman of the IT giant for a long period of 53 years. Premji also gave stock of the company’s financial reports during his speech. He said that the operating margins of the company had improved by 1.8%. “On a full year basis, we grew 5.4 percent in constant currency. Two of the business units - BFSI and CBU grew by 16 percent and 10 percent respectively. Our digital revenues grew by 33 percent YoY in constant currency. We won our largest ever deal of $1.5bn from Alight in US,” he <a href="https://www.moneycontrol.com/news/business/full-text-azim-premjis-address-at-wipros-73rd-agm-4212621.html">said.</a>

Azim Premji announces four technologies that Wipro will focus on as he bid adieu

Bangalore-based IT giant <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> Limited has appointed <keyword id="2687302" type="UNKNOWN" weightage="20" keywordseo="Jatin-Dalal">Jatin Dalal</keyword> as the new Chief Financial Officer (CFO) of the group following the retirement of <keyword id="193587" type="PERSON" weightage="20" keywordseo="Suresh-Senapaty">Suresh Senapaty</keyword>, the current CFO and executive director, on March 31, 2015. On the other hand, Dalal is the current senior vice president of the company’s Finance vertical. 
	 “Suresh has been an integral part of the company’s think-tank and has played a catalytic role in taking the company to great heights. His exemplary contribution has seen Wipro setting new benchmarks in finance, governance and strategy. He has also emerged as a key industry voice, who has championed several governance and policy issues, pertinent to the IT industry. I personally thank him and his family for his contribution to Wipro and wish him all the very best in his future plans,” said Wipro founder chairman <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>. 
	 
	Sharing a similar sentiment, Senapaty said, “It has been an exciting, challenging and fulfilling journey for me. Wipro has been an outstanding place to work, learn and grow. Helping build Wipro’s finance function and a strong culture of corporate governance apart from being a part of the organization’s growth journey are memories that I cherish. This has been a wonderful journey, personally and professionally. I also wish to express my gratitude to all colleagues and other stake holders for their support over the years and wish Jatin all the very best.” Senapaty has been with the company for thirty years. 
	 
	Jatin Dalal joined Wipro in 2002 and was instrumental in setting up Wipro’s shared services division Wividus. Dalal will assume charge on April 1, 2015.

Wipro Appoints New CFO, Suresh Senapaty Retires

<ul><li><keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword>, executive Chairman and Managing Director of <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword>, to retire by July. </li><li>His son <keyword id="197349" type="PERSON" weightage="20" keywordseo="Rishad-Premji">Rishad Premji</keyword> will be taking over his post. </li><li>Azim Premji had been the executive chairman of the IT company for 53 years.</li></ul>Azim Premji, founder of Wipro, will be resigning from his post of executive chairman and Managing Director by July according to <a href="https://www.livemint.com/companies/people/azim-premji-to-retire-next-month-rishad-chairman-md-ceo-1559817362459.html">reports</a>. His son Rishad Premji, who is currently on the board of Wipro and its Chief Strategy Officer, will be taking over as executive chairman. Premji Senior will continue to be on the board of the company. He had served as the executive chairman of the IT giant for a long period of 53 years. Meanwhile, a statement from the company also states that Abidali Neemuchwala, who has been the CEO of the company since February 2016, will also be the managing director of the company. Azim Premji, who has been at the forefront of IT growth in India, is a graduate in Electrical Engineering from Stanford University. According to the company’s website, Premji is responsible for turning Wipro into a “$8.5 billion Revenue IT, BPO and R&amp;D Services organization with a presence in 58 countries.” Premji, who is also one of the biggest philanthropists in India, had founded the non-profit organization Azim Premji Foundation in 2001. In March, Premji also earmarked all of his economic benefits for philanthropy, setting aside 34% of Wipro shares worth $7.5 billion. His total contribution to philanthropy now stands at a whopping $21 billion, including 67% of economic ownership of Wipro Limited. See Also: <a href="https://www.businessinsider.in/wipro-chairman-azim-premji-has-now-increased-his-charity-contribution-to-a-total-of-21-billion/articleshow/68395458.cms">Azim Premji has now set aside $21 billion to charity, 67% of economic ownership of Wipro</a>

Wipro founder Azim Premji to retire, son Rishad to take over

<ul><li><keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> was just 21 when he had to take over his family business and now, at 73, will retire from his post of executive chairman and MD of <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword>. </li><li>Today called the Czar of Indian IT, Premji turned the business around to make Wipro a $8.5 billion revenue company. </li><li>Premji’s contribution to philanthropy are immense – $21 billion.</li></ul>In 1966, a 21-year old Azim Premji left his engineering course at Stanford University to come back and be at the helm of his family business – a $2 million hydrogenated cooking fat company. He turned the business around and forayed into IT products. And the now 73-year old Premji is stepping down from his post of executive chairman and Managing Director of Wipro by July end. The Czar of Indian IT Today, the company – Wipro – has revenues of $8.5 billion and is one of not just India but the world’s big IT firms. Through his tenure, Premji, who is also called the Czar of Indian IT industry, with his foresight, turned the fate of Wipro around. From a cooking fat company, he introduced hydraulic cylinders, soaps, lighting products to finally venturing into IT in the 1980s. In the early 2000s, Wipro had emerged as a firm with more than a $1 billion revenue and was one of the early companies in India to offer IT outsourcing. Today, it is the fourth-largest IT outsourcing company in India and has over 160,000 employees across six continents. From cloud infrastructure to data analytics and Artificial Intelligence to even blockchain, Wipro offers services in leading industry sectors. Over the years, Premji, who did go on to obtain his Stanford degree through correspondence, has gathered several accolades along the way. He is the recipient of not just one but two of the Indian government’s highest civilian awards – Padma Bhushan and Padma Vibhushan. In 2018, he was conferred with Chevalier de la Légion d'Honneur (Knight of the Legion of Honour) – the highest French civilian distinction by the French government. India’s biggest philanthropist But his contributions have not just been limited to IT in India. Premji in 2001 started the Azim Premji Foundation, a not-for-profit organization which aimed to better the public school education in India. Today, the foundation works out of 7 Indian states and has over 350,000 schools. Premji made news very early on because of his decision to not just do charity as the company’s Corporate Social Responsibility program. Often called, India’s most generous man, Premji in March 2019 took it one step ahead. He earmarked all economic benefits for philanthropy, setting aside 34% of Wipro shares worth $7.5 billion. His total contribution to philanthropy now stands at a whopping $21 billion, including 67% of economic ownership of Wipro Limited. See Also: <a href="https://www.businessinsider.in/wipro-founder-azim-premji-to-retire-by-july/articleshow/69676843.cms">Wipro founder Azim Premji to retire, son Rishad to take over</a> <a href="https://www.businessinsider.in/wipro-chairman-azim-premji-has-now-increased-his-charity-contribution-to-a-total-of-21-billion/articleshow/68395458.cms">Azim Premji has now set aside $21 billion to charity, 67% of economic ownership of Wipro</a>

Azim Premji – the man who turned a cooking oil company to be one of the world’s biggest IT firms – Wipro

<ul><li>As Wipro founder <keyword id="6419840" type="UNKNOWN" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> turned 75 on July 24, publisher HarperCollins announced that a new biography about his life is in the works. </li><li>Written by Sundeep Khanna and Varun Sood, the book will be called The Man Beyond the Billions. </li><li>There is little known about the book so far and no final release date has been disclosed yet. </li></ul>As the czar of the Indian IT Industry, Wipro chairman Azim Premji, turned 75 on July 24, publisher HarperCollins announced that it’s currently in the process of pushing out a new biography based on him. <div type="twitter" handle="companyoutsider" handlename="sundeepkhanna" image="http://pbs.twimg.com/profile_images/1225408746295160834/Bou_jSWY_normal.jpg" favoritecount="32" retweetcount="4" status="A big salute to Azim Premji on his 75th birthday. Extraordinary businessman, magnificent philanthropist and a great role model for us all." createdat="1595563168000" id="1286511290333057024"></div> “There are some people whose achievements go beyond the normal parameters of success—wealth, power, influence, size of their empires. Premji is one such,” said the CEO of HarperCollions Ananth Padmanabhan. The biography called The Man Beyond the Billions is going to be written by Sundeep Khanna and Varun Sood soon. <div type="twitter" handle="varunstweets" handlename="Varun Sood" image="http://pbs.twimg.com/profile_images/1267420202880266240/UKGcpGSu_normal.jpg" favoritecount="103" retweetcount="10" status="This just got announced. I'll write more in the coming days. Please do read, folks, once its available to read. tha… https://t.co/aN6G1J3ryr" createdat="1595595464000" id="1286646748459360259"></div> Unlike conventional billionaires in India , Azim Premji has donated nearly 75% of his wealth to charitable initiatives. Had he not done so, Azim Premji could have very well been the second richest man in the country following Mukesh Ambani. He was one of the first Indians to sign up for The Giving Pledge led by Warren Buffer and Microsoft founder Bill Gates. According to him, simply being rich ‘did not thrill’ him. For his work, he has also been honored with the Padma Vibhushan, which is one of the highest honours in India, for his contribution to the IT industry.

Azim Premji’s biography announced — here’s all you need to know about it

<ul><li><keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> will be promoting 80% of its eligible employees over the next three months. </li><li>The increments awarded will be inline with what was used as the yardstick last year. </li><li>The company is also looking at the increment cycle for its junior employees. </li></ul>The Indian IT services behemoth Wipro is set to implement ‘a number of employee interventions’ in the third quarter. The biggest is its endeavour to promote 80% of its eligible staff over the next three months. <div type="Article" hostid="261" msid="78640025" title="Wipro posts stable quarter — profit rises 3.2% with revenue guidance of 1.5% to 3.5% over the next three months" mstype="2" mssubtype="0"></div> Wipro Chief of Human Resources (CHRO) Saurabh Govil shared that the increments this time around will be in line with what was given last year. “This will make sure that we are rewarding the high performing team members and colleagues,” he said during the earnings call on October 13. The company added 30,000 people to its roster between July to September. It also paid out 100% variable pay to its employees in the second quarter. “Now, we’re looking at our increment cycle of junior employees who we’ve hired from engineering colleges,” added Govil during the earnings call on October 13. <div type="Article" hostid="261" msid="78638511" title="Wipro board approves ₹9,500 crore share buyback plan" mstype="2" mssubtype="0"></div> Despite the H-1B restrictions imposed by the Trump administration in the US, Wipro is not worried. According to the company, localisation of employees has been in the works for three years now. Nearly 70% of Wipro’s employees in the US are local. “From a business standpoint, we don’t see this impacting us,” said Govil. 98% of Wipro’s employees continue to work from home. According to Govil, this will continue until the end of the year. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/infosys-announce-second-quarter-earnings-on-october-14/articleshow/78640964.cms">VanGuard deal will be the highlight of Infosys' second-quarter earnings as investors look for a hike in guidance</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-board-approves-9500-crore-share-buyback-plan/articleshow/78638511.cms">Wipro board approves ₹9,500 crore share buyback plan</a> <a href="https://www.businessinsider.in/tech/news/oneplus-chinese-company-co-founder-carl-pei-exits-company-one-day-ahead-of-flagship-mobile-launch/articleshow/78634270.cms">OnePlus co-founder Carl Pei reportedly exits company one day ahead of flagship smartphone launch</a>

Wipro to promote 80% of its eligible staff in the next three months — increments will be in line with last year

<ul><li>The <keyword id="8205065" type="UNKNOWN" weightage="20" keywordseo="forbes-100-richest-indians">Forbes 100 Richest Indians</keyword> list puts Shiv Nadar on top as the country’s richest tech billionaire worth $14.4 billion. </li><li>Wipro chairman Azim Premji ranks second with a net worth of $7.2 billion. </li><li>The list also sees the debut of Byju Raveendran, who is the youngest billionaire on the list and the only one who is under 40 years old. </li></ul>The richest of the rich when it comes to India’s digital economy include a few familiar faces, and a few brand new ones. On the one hand, the list is dominated by regulars like HCL’s Shiv Nadar and Wipro’s Azim Premji. On the other, start up founders like Paytm’s Vijay Shekhar Sharma and Byju founder Byju Raveendran are also working their way up the list. It should be noted that when it comes to technology sector, Infosys seems to be in the business of creating billionaires. Four of the top ten billionaires are currently working for the digital giant, or have in the past. Scroll on to see the ten richest tech billionaires on Forbes 100 Richest Indians list:

Top 10 tech billionaires on the Forbes list of 100 richest Indians

<ul><li>The <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> share buyback offer is now open at a buyback price of ₹400 per share. </li><li>The total size of the buyback plan is ₹9,500 crore, out of which 15% is reserved for small investors with up to ₹2 lakh holding in the company. </li><li>Wipro’s share price has rallied by over 66% since July, and the buyback offer could be a good way to cash out those gains. </li></ul>IT services giant Wipro announced a share buyback offer at a premium of 10% when compared to the share price on the date of announcement. Wipro has offered ₹400 per equity share under its ₹9,500 crore buyback plan. The Wirpo share buyback offer is open till January 11, 2021. Equity shareholders who held shares in the company on or before December 11, 2020 are eligible to participate in the buyback. Wipro’s share price as on December 11 was ₹353. The shares hit a 52-week high at ₹390.40 with the buyback plan opening today. <div type="image" title="Wipro share price chart" msid="80006298" hostid="261" caption="&amp;lt;p&amp;gt;Wipro share price since July this year&amp;lt;/p&amp;gt;"></div> Should you participate in the Wipro share buyback offer? If you are an existing Wipro shareholder, you might be considering selling your shares in the buyback program. But before you proceed, here’s what analysts are saying. “It depends on the market price during the buyback period - if the share price is below the buyback price, it might be worth considering,” said Deepak Shenoy, founder of Capital Mind, a Bengaluru-based research house. Wipro shares were trading at ₹386 as of 12 pm on December 29, up by 0.92%. Since the buyback offer is open till January 11, 2021, the share price could still see a lot of movement. This makes it important to wait towards the last few days of the buyback scheme to see if the buyback price makes sense, Shenoy further explained. Wipro outshines peers under new CEO’s guidance <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Current share price </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Performance </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,935.95 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.99375pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,241.5 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹934.3 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">69% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹386 </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">76% </td></tr></tbody></table> Source: BSE Note: Share price as on 12:30 pm, December 29, 2020, compared with share price on July 1, 2020. ‘Existing shareholders should participate in the buyback’ However, Urmil Shah, analyst at IDBI Capital, struck a different note. He said, “Existing shareholders should participate in the buyback and tender their shares. We believe the buyback price is at a premium compared to our existing fair price of ₹366,”. He further explained that a lot would also depend on the amount of participation in the buyback plan. According to the plan, 15% of the total buyback offer is reserved for retail investors with holdings of up to ₹2 lakh. If this segment sees over-participation, the buyback will be done proportionately, and not all shares tendered will be accepted. Wipro had undertaken buyback of equity shares worth ₹10,500 crore in 2019 as well. Wipro’s new CEO is driving the growth Wipro appointed Thierry Delaporte as its new chief executive officer in July this year. <a href="https://www.businessinsider.in/business/corporates/news/wipro-ceo-delaportes-new-plan-could-allow-company-to-catch-up-to-to-tcs-infosys-hcl-tech-and-others/articleshow/79299467.cms">Analysts are betting</a> on the new CEO’s plans for the company. “Wipro is undertaking the drastic restructuring of its business, reducing the layers, and splitting the business by region. It expects this to result in a much more agile and nimble organisation, which will accelerate growth,” remarked Motilal Oswal’s report. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/wipro-buyback-offer-details-and-700-million-metro-ag-deal-drives-share-price/articleshow/79911875.cms">Wipro offers 10% more to buy back shares and signs a $700 million deal with Metro AG – everything that’s driving the IT services stock higher today</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-buys-the-it-operations-of-a-german-food-services-firm-for-700-million/articleshow/79909949.cms">Wipro buys the IT operations of a German food services firm for $700 million</a> <a href="https://www.businessinsider.in/finance/news/what-is-rbis-sovereign-gold-scheme-and-how-and-who-can-apply-checkout-all-information/articleshow/79987008.cms">RBI’s Sovereign Gold Bonds scheme opens today — price, how to apply, and more</a>

You Searched For "Wipro founder" and got 8 results

Azim Premji announces four technologies that Wipro will focus on as he bid adieu

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Wipro founder Azim Premji to retire, son Rishad to take over

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Azim Premji – the man who turned a cooking oil company to be one of the world’s biggest IT firms – Wipro

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Azim Premji’s biography announced — here’s all you need to know about it

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Wipro to promote 80% of its eligible staff in the next three months — increments will be in line with last year

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Top 10 tech billionaires on the Forbes list of 100 richest Indians

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Wipro share buyback offer – should you sell your shares? Here’s what analysts are saying

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