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Azim Premji

September 8, 2014

The family office of Indian entrepreneur Azim Premji, who founded IT firm Wipro, has participated in a $106 million pre-IPO placement in Silicon Valley-based start up DataStax, which helps companies manage large volumes of data. 

The family office of Indian entrepreneur Azim Premji, who founded IT firm Wipro, has participated in a $106 million pre-IPO placement in Silicon Valley-based start up DataStax, which helps companies manage large volumes of data.

According to a statement, PremjiInvest, which manages a $1.6 billion (€1.23 billion) portfolio, will provide a large but undisclosed sum towards the project, led by venture capital firm Kleiner, Perkins, Caufield and Byers.  

November 20, 2013

Premji Invest, the family office of one of India’s richest individuals, Azim Premji, is reportedly in discussions to lead a $50 million (€37 million) fundraiser in e-commerce fashion retailer Myntra.

Premji Invest, the family office of one of India’s richest individuals, Azim Premji, is reportedly in discussions to lead a $50 million (€37 million) fundraiser in e-commerce fashion retailer Myntra.

The website, headquartered in Bangalore, was founded in 2007 and is now India’s largest online fashion and lifestyle store, with annual revenues of $120 million. It stocks Indian fashion brands, as well international household names, such as Nike, Reebok and Adidas.

February 22, 2013

Some high-profile family business leaders have become the latest names to join the Giving Pledge – an initiative where billionaires promise publicly to give at least half their wealth to charity over the course of their lifetime.

Some high-profile family business leaders have become the latest names to join the Giving Pledge – an initiative where billionaires promise publicly to give at least half their wealth to charity over the course of their lifetime.

British entrepreneur Richard Branson – founder of Virgin – and his wife Joan have signed the pledge, along with Azim Premji – the second-gen chairman of Indian software company Wipro. They are among 12 billionaires who have joined the initiative this year.

May 4, 2011

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

With the aid of four senior family experts from the world's leading business schools - Randal Carlock from INSEAD; Joachim Schwass from IMD; Kavil Ramachandran from Indian School of Business; and John Ward from Kellogg School of Management – Campden has sifted through loads of data to compile the final list. The top five places went to John Elkann, Azim Premji, Güler Sabanci, Guido Barilla and Ratan Tata.

April 27, 2011

India’s third-largest software exporter, family-controlled Wipro, announced on 26 April that its total revenues for 2010 saw a rise of 15% year-on-year, while fellow family-controlled automobile maker Ford reported its best first quarter results in 13 years.

India’s third-largest software exporter, family-controlled Wipro, announced on 26 April that its total revenues for 2010 saw a rise of 15% year-on-year, while fellow family-controlled automobile maker Ford reported its best first quarter results in 13 years.

Wipro, which also manufactures consumer goods and electrical products, said that its total sales rose to $6.98 billion from $6.11 billion the year before. The company’s consumer care segment contributed 9% to the total revenue, while its IT services sector accounted for 76% of the revenues.

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