Slow & ‘Son’ny times for Premji
Credited with transforming a vegetable oil 
company to an IT powerhouse, Azim Premji, Chairman of Wipro Technologies has become the only Indian to be voted by Business- Week as one of the “Greatest Entrepreneurs of All Time”. Premji joins the ranks of Admiral Zheng H., Michael Dell, Bill Gates, Oprah Winfrey and Steve Jobs. It’s also succession time at Wipro. All eyes are set on his 29-year-old son, Rishad Premji, who has finally joined the company’s global IT services and product division. A Harvard product, Rishad has five years of experience as a business development executive in companies like GE and Bain & Co. The technology major also posted its first quarter results, which hinted at a sluggish growth. Wipro’s first-quarter profits were Rs.7.26 billion and its revenues rose up to Rs.42.03 billion. However, as compared to the fourth quarter, the company’s profits declined by 15%. Premjitermed the results “satisfying, considering the strong headwinds faced by us in the form of an appreciating rupee.”
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
company to an IT powerhouse, Azim Premji, Chairman of Wipro Technologies has become the only Indian to be voted by Business- Week as one of the “Greatest Entrepreneurs of All Time”. Premji joins the ranks of Admiral Zheng H., Michael Dell, Bill Gates, Oprah Winfrey and Steve Jobs. It’s also succession time at Wipro. All eyes are set on his 29-year-old son, Rishad Premji, who has finally joined the company’s global IT services and product division. A Harvard product, Rishad has five years of experience as a business development executive in companies like GE and Bain & Co. The technology major also posted its first quarter results, which hinted at a sluggish growth. Wipro’s first-quarter profits were Rs.7.26 billion and its revenues rose up to Rs.42.03 billion. However, as compared to the fourth quarter, the company’s profits declined by 15%. Premjitermed the results “satisfying, considering the strong headwinds faced by us in the form of an appreciating rupee.”For Complete IIPM Article, Click here
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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Labels: ARINDAM CHAUDHURI, Azim Premji, BBA AND MBA ADMISSION, Fellow Programme in Management, International business Institute, RAVI RAWAT, top 10 business schools
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