Personal life
Premji was born in Bombay (now Mumbai), India, to a Gujarati Muslim family. His father M. H. Premji owned the Western India Vegetable Product Company (which later became Wipro Ltd.) which made hydrogenated vegetable oils and fats. While he completed his initial education at St. Mary's School, Mumbai, Premji was forced to leave his studies in electrical engineering from Stanford University, California, USA at the age of 21 to take over the family business when his father suddenly died in 1966.
Premji is married to Yasmeen, the couple have two children, Rishad and Tariq. Rishad is married to Aditi.
Premji is known for his modesty and frugality in spite of his wealth. He drives a Toyota Corolla and flies economy class, prefers to stay in company guest houses rather than luxury hotels and even served food on paper plates at a lunch honouring his son's wedding.
Honours and Awards
Premji has been recognized by Business Week as one of the Greatest Entrepreneurs of All Time for his vision and leadership that has been responsible for Wipro emerging as one of the world’s fastest growing companies.
In 2000, he was conferred an honorary doctorate by the Manipal Academy of Higher Education.
He was also declared the Businessman of the Year 2000 by Business India[citation needed]
He is featured in the Business Weeks all-time top 30 entrepreneurs of the world in 2007[citation needed].
He is a member of the Prime Minister's Advisory Committee for Information Technology in India.[citation needed]
In 2005, he was honoured by the Government of India with a Padma Bhushan, the third-highest civilian award in India.
As on October 6, 2007, he was the 5th richest Indian, with a net worth of $13.6 billion[7].
He was awarded a Doctor of Letters (D.Litt.), an honorary degree , from the Aligarh Muslim University on the 18th of June, 2008 on the occasion of 58th Convocation Ceremony of the University.
SANDEEP KUMAR SAH
PGDM 1ST SEM
ROOL NO. 062
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