Azim Premji
Azim Premji
Azim Hashim Premjiis an Indian business tycoon, investor and philanthropist, who is the chairman of Wipro Limited, informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth to finally emerge as one of the global leaders in the Software Industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people...
NationalityIndian
ProfessionEntrepreneur
Date of Birth24 July 1945
CountryIndia
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The results for the third quarter (October-December) signal the next phase of growth. Revenue from IT business at $473 million (Rs.21.2 billion) was ahead of the guidance figure of $463 million (Rs.20.6 billion) projected in October.
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Our experience is that it is not terribly difficult to do business in China. But the issue is, how much stability do you have in terms of what you negotiate up front and when you've got your feet and your investments on the ground.
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If people are not laughing at your goals, your goals are too small.
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Being in the consumer business helps us groom talent in areas like marketing, finance and logistics. We can benchmark our outsourcing business to our consumer business and its best practices.
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I think the most important reason for our success is that very early in our quest into globalisation, we invested in people - and we have done that consistently and particularly in the service business.
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Our financial solutions and technology businesses delivered yet another quarter of double digit growth. Similarly, services such as testing, technology infrastructure management and enterprise application services grew ahead of the overall growth rate.
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Looking ahead, the prospects for growth looks exciting, ... We exited the quarter ended September 2005 with the strong tailwind of business momentum. The challenge we have is to sustain and build upon it.
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The global IT business sustained its momentum recording double-digit volume growth sequentially resulting in revenues (from the information technology business alone) for the quarter being 430.7 million dollars against our guidance of 422 million dollars.
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The public/private partnerships are taking various forms in India. It is individuals who are socially oriented are setting up schools. They're setting up colleges. They're setting up universities. They're setting up primary-education schools in the villages, particularly the villages their original families came from.
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We hire on requirement basis and not on anticipation.
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We must overhaul our land laws, taxes and information system. Some 90 per cent of land in India is subject to legal disputes over ownership,
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I.B.M. 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.
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Though delivery of superior solutions to our customers and creating sustainable value to the shareholders remain unchanged, we are devising strategies in anticipation of challenges and opportunities to focus on execution for higher operating productivity.
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We compete with global companies and are primarily in the services business, which is highly people dependent.