Last Updated on Sep 15, 2022 by
Azim Premji the founder chairman of Wipro Limited who is informally known as the Czar of the Indian IT industry doesn’t need any introduction. From being one of the richest Indians to having one of the biggest portfolios of investment, here’s all you need to know about Azim Premji along with Premji and Associates Portfolio so far.
Table of Contents
Azim Premji Establishing Wipro in the IT sector
In 1967, when Azim Premji took over the family business which produced Vanaspati, he changed the name from Western Indian Vegetable Products Ltd to Wipro and began to diversify it slowly into several other consumer products. In 1979, he transformed Wipro into an IT powerhouse with successful international partnerships.
In 1990, when the technology stocks started increasing significantly, the value of Wipro soared making Azim Premji one of the wealthiest entrepreneurs globally. This success of the company and its chairman started inflating the value of the company. As of 2022, the annual revenue of Wipro Limited was US$ 10.425 bn.
Premji and Associates’ Portfolio
Azim Premji is one of the well-known billionaires in India with an estimated net worth of $27.2 bn. The Premji and Associates’ portfolio, which belongs to Azim Premji, publicly holds two stocks worth Rs 1,79,494.8 cr. (as of March 2022). As of March 2022, the two stocks held by Premji and Associates are as follows:
| Stock name | Holding value (Rs. in cr.) | Holding share (in %) (as of June 2022) |
| Balrampur Chini Mills Ltd | 95 | 1.2 |
| Tube Investments of India Ltd | 749.5 | 1.5 |
| Wipro Ltd | 169,228.4 | 72.9 |
Premji and Associates Stock Analysis
The stocks in a portfolio can tell us a lot about the investment strategy. The stock analysis of the stocks in Premji and Associates is as follows:
Balrampur Chini Mills Ltd
As of June 2022, Premji and Associates hold 1.2% in Balrampur Chini Mills Ltd with holdings worth Rs. 95 cr. Founded in 1975, Balrampur Chini Mills Ltd is one of the largest sugar manufacturers in India. The total revenue of the company for June 2022 was Rs. 1,094.6 cr.
Tube Investments of India Ltd
As of June 2022, Premji and Associates hold 1.5% in Tube Investments of India with holdings worth Rs. 749.5 cr. Tube Investments of India Ltd specialises in bicycles, engineering, metal-formed products, and chains. The total revenue for June 2022 was Rs. 1,969 cr.
Wipro Ltd
As of June 2022, Premji and Associates’ portfolio holds 72.9% of shares in Wipro Ltd. where the holdings are worth Rs. 169,228.4 cr. The maximum shares held in Wipro are by Premji and Associates only followed by public holdings of 16.4% and foreign institutional investors and domestic institutional investors of 7% and 3.5% respectively.
Bulk and Block Deals of Premji and Associates
| Stock | Client name | Deal type | Action | Date | Average price (in Rs.) | Quantity | Percentage traded (in %) |
| Wipro Ltd. | Azim Premji Trust | Bulk | Sell | 08 Mar 2019 | 256.58 | 26,666,667 | 0.49% |
| ICICI Lombard General Insurance Company Ltd. | Prazim Trading and Investment Company Pvt Ltd | Block | Purchase | 30 Nov 2018 | 800 | 1,875,000 | 0.38% |
| S H Kelkar & Company Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Purchase | 03 May 2017 | 306 | 2,059,418 | 1.49% |
| Healthcare Global Enterprises Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Sell | 26 Apr 2017 | 275.01 | 2,403,975 | 1.73% |
| DCB Bank Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Purchase | 20 Mar 2017 | 162.35 | 7,912,355 | 2.54% |
| Jyothy Labs Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Purchase | 20 Mar 2017 | 353.65 | 2,303,446 | 0.63% |
| Trent Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Purchase | 20 Mar 2017 | 248.45 | 9,212,230 | 2.59% |
| Healthcare Global Enterprises Ltd. | Prazim Trading and Investment Company Pvt Ltd | Bulk | Purchase | 20 Mar 2017 | 235.75 | 6,654,723 | 4.79% |
| Wipro Ltd. | Prazim Traders | Bulk | Purchase | 15 Mar 2013 | 440.05 | 37,150,000 | 0.68% |
| Wipro Ltd. | Prazim Traders | Block | Purchase | 15 Mar 2013 | 440.05 | 37,150,000 | 0.68% |
Premji and Associates Net Worth
The net worth of Premji and Associates is of several ups and downs. When the net worth graph from 2017 is considered, there is a significant high in June 2021 to Rs. 2,19,255.59 cr. later slowly dropping to Rs 1,66,847.15 cr. in June 2022 and again raised sharply in September 2022 to Rs. 338,776.2 cr. Premji and Associates’ Net Worth graph from 2017 is as follows.
Recognitions of Azim Premji
- In 2011, the highest civilian award in India, Padma Vibhushan was awarded to Azim Premji.
- In 2019, Forbes mentioned Premji in the list of the world’s most generous philanthropists outside of the US.
Philanthropic activities by Azim Premji
Azim Premji is not just known for being one of the richest people in India but also for his charity and modesty. He says, “Being rich did not thrill him”. His philanthropic activities are as follows,
Azim Premji Foundation
In 2001, Azim Premji Foundation was established as a non-profit organisation and started conducting various charitable activities since then. Education is the primary focus for his donations.
The Giving Pledge campaign
Azim Premji even signed up for The Giving Pledge campaign initiated by Warren Buffett and Bill Gates which encourages the wealthiest people all over the world to contribute a part of their wealth to philanthropic activities. Premji was the first Indian to take the pledge and his donation stands at the US $21 bn making him the top Indian philanthropist.
India’s most generous
According to a release by Hurun India and EdelGive on 10 November 2020, Premji is recognised as “India’s Most Generous”.
Takeaway
The rise of Wipro Ltd from producing consumer goods to transforming it into one of the world leaders in the IT sector was possible only by Azim Premji and his vision. He not only became one of the richest people in India but also continues to use his wealth to make the lives of less privileged people better.
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
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