Azem Premji, is the founder of Wipro, is known for innovation and philanthropy, recently committed to give a major part of his fortune for charitable causes. The total amount of $21B catapults him globally to an exclusive club comprising of Bill Gates, George Soros, Warren Buffet to name a few as some of the most influential people in philanthropy. His largesse is so monumental, invigorating and inspiring for everyone around the world and enhance philanthropy among entrepreneurs and high net-worth people in India. Wipro started as a vegetable oil manufacturer and Azemji turned it into one of the best technology companies in India. Not only a visionary, Azem Premji is known for humility and simplicity.
Azem Premji foundation’s critical focus area is to proliferate equitable education in India. Azem Premji has raised the bar too high for others to emulate in India (apart from the Tatas, who will forever remain synonymous for giving) and serves as a catalyst to the burgeoning giving space in India. A lot has to be done to attract $60B capital in India every year to meet UN sustainable development goals by 2030 and the new age entrepreneurs are showing healthy appetite to fill the gap.
Further reading: Bain India Philanthropic report 2018.