Motilal Oswal
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Motilal Oswal
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Wipro's Azim Premji on leadership, philanthropy, and business

Updated : 2019-06-07 14:17:02

Software services exporter Wipro Ltd said on Thursday that founder Azim H Premji would retire as executive chairman and managing director by the end of July. Premji is India's second richest man and a well-known philanthropist. He led Wipro's evolution from a vegetable oil company founded in 1946 into a global IT firm. At the age of 21, he dropped out of Stanford University to take up the family business. But rather than giving in to the uncertainty of the future ahead, Premji picked up the trade and allowed his entrepreneurial spirit to expand his horizon and build the Wipro empire. Here's what he has to say about leadership, philanthropy, and business.

On Leadership: Leadership is the self-confidence of working with people smarter than you.
On Leadership: Leadership is the self-confidence of working with people smarter than you.
On Philanthropy: You cannot mandate philanthropy. It has to come from within, and when it does, it is deeply satisfying.
On Philanthropy: You cannot mandate philanthropy. It has to come from within, and when it does, it is deeply satisfying.
On Excellence: Excellence is a great starting point for any new organization but also an unending journey.
On Excellence: Excellence is a great starting point for any new organization but also an unending journey.
On Family Business: When I took over the family business, it had already been a publicly traded company for 20 years. During one of the first annual meetings I attended, one shareholder stood up and advised me and everyone in attendance that I should resign.
On Family Business: When I took over the family business, it had already been a publicly traded company for 20 years. During one of the first annual meetings I attended, one shareholder stood up and advised me and everyone in attendance that I should resign.
On Philanthropy: There are three lessons in philanthropy – one, involve the family, especially the spouse. She can be a remarkable driver of your initiative. Two, you need to build an institution, and you need to scale it up. Choose a leader for philanthropy whom you trust. Three, philanthropy needs patience, tenacity and time.
On Philanthropy: There are three lessons in philanthropy – one, involve the family, especially the spouse. She can be a remarkable driver of your initiative. Two, you need to build an institution, and you need to scale it up. Choose a leader for philanthropy whom you trust. Three, philanthropy needs patience, tenacity and time.
On Diversifying Into IT: IBM was not really bringing their best technologies to India. They were dumping old machines in the country that had been thrown away in the rest of the world 10 years before.
On Diversifying Into IT: IBM was not really bringing their best technologies to India. They were dumping old machines in the country that had been thrown away in the rest of the world 10 years before.
On Setting One’s Goals: If your people are not laughing at your goals, your goals are small.
On Setting One’s Goals: If your people are not laughing at your goals, your goals are small.
On Starting A Business: You cannot get into business for the fashion of it.
On Starting A Business: You cannot get into business for the fashion of it.
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