{"id":8908,"date":"2022-05-31T15:48:49","date_gmt":"2022-05-31T10:18:49","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=8908"},"modified":"2022-09-15T09:27:58","modified_gmt":"2022-09-15T03:57:58","slug":"azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/","title":{"rendered":"Azim Premji \u2013 Premji and Associates Portfolio, Net Worth and His Philanthropic Activities"},"content":{"rendered":"\n<p>Azim Premji the founder chairman of Wipro Limited who is informally known as the Czar of the Indian IT industry doesn\u2019t need any introduction. From being one of the richest Indians to having one of the biggest portfolios of investment, here\u2019s all you need to know about Azim Premji along with Premji and Associates Portfolio so far.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Azim-Premji-Establishing-Wipro-in-the-IT-sector\" title=\"Azim Premji Establishing Wipro in the IT sector&nbsp;&nbsp;\">Azim Premji Establishing Wipro in the IT sector&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Premji-and-Associates-Portfolio\" title=\"Premji and Associates\u2019 Portfolio\">Premji and Associates\u2019 Portfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Premji-and-Associates-Stock-Analysis\" title=\"Premji and Associates Stock Analysis\">Premji and Associates Stock Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Balrampur-Chini-Mills-Ltd\" title=\"Balrampur Chini Mills Ltd\">Balrampur Chini Mills Ltd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Tube-Investments-of-India-Ltd\" title=\"Tube Investments of India Ltd&nbsp;&nbsp;\">Tube Investments of India Ltd&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Wipro-Ltd\" title=\"Wipro Ltd\">Wipro Ltd<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Bulk-and-Block-Deals-of-Premji-and-Associates\" title=\"Bulk and Block Deals of Premji and Associates&nbsp;\">Bulk and Block Deals of Premji and Associates&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Premji-and-Associates-Net-Worth\" title=\"Premji and Associates Net Worth \">Premji and Associates Net Worth <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Recognitions-of-Azim-Premji\" title=\"Recognitions of Azim Premji\">Recognitions of Azim Premji<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Philanthropic-activities-by-Azim-Premji\" title=\"Philanthropic activities by Azim Premji&nbsp;\">Philanthropic activities by Azim Premji&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/azim-premji-premji-and-associates-portfolio-net-worth-and-his-philanthropic-activities\/#Takeaway\" title=\"Takeaway&nbsp;\">Takeaway&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Azim-Premji-Establishing-Wipro-in-the-IT-sector\"><\/span><strong>Azim Premji Establishing Wipro in the IT sector&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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. <\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premji-and-Associates-Portfolio\"><\/span><strong>Premji and Associates\u2019 Portfolio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Azim Premji is one of the well-known billionaires in India with an estimated <a href=\"https:\/\/www.tickertape.in\/blog\/net-worth\/\">net worth<\/a> of $27.2 bn. The Premji and Associates\u2019 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:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Stock name<\/strong><\/td><td><strong>Holding value (Rs. in cr.)<\/strong><\/td><td><strong>Holding share (in %) (as of June 2022)<\/strong><\/td><\/tr><tr><td><strong><a href=\"https:\/\/www.tickertape.in\/stocks\/balrampur-chini-mills-BACH?checklist=pro&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Balrampur Chini Mills Ltd<\/a><\/strong><\/td><td>95<\/td><td>1.2<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/stocks\/tube-investments-of-india-TBEI?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tube Investments of India Ltd<\/strong><\/a><\/td><td>749.5&nbsp;<\/td><td>1.5<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/stocks\/wipro-WIPR?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Wipro Ltd<\/strong><\/a><\/td><td>169,228.4&nbsp;<\/td><td>72.9<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premji-and-Associates-Stock-Analysis\"><\/span><strong>Premji and Associates Stock Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The stocks in a portfolio can tell us a lot about the investment strategy. The <a href=\"https:\/\/www.tickertape.in\/blog\/stock-analysis\/\">stock analysis<\/a> of the stocks in Premji and Associates is as follows: <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Balrampur-Chini-Mills-Ltd\"><\/span><strong>Balrampur Chini Mills Ltd<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tube-Investments-of-India-Ltd\"><\/span><strong>Tube Investments of India Ltd&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wipro-Ltd\"><\/span><strong>Wipro Ltd<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As of June 2022, Premji and Associates&#8217; 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bulk-and-Block-Deals-of-Premji-and-Associates\"><\/span><strong>Bulk and Block Deals of Premji and Associates<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Stock<\/strong><\/td><td><strong>Client name<\/strong><\/td><td><strong>Deal type<\/strong><\/td><td><strong>Action<\/strong><\/td><td><strong>Date<\/strong><\/td><td><strong>Average price (in Rs.)<\/strong><\/td><td><strong>Quantity<\/strong><\/td><td><strong>Percentage traded (in %)<\/strong><\/td><\/tr><tr><td>Wipro Ltd.<\/td><td>Azim Premji Trust<\/td><td>Bulk<\/td><td>Sell<\/td><td>08 Mar 2019<\/td><td>256.58<\/td><td>26,666,667<\/td><td>0.49%<\/td><\/tr><tr><td>ICICI Lombard General Insurance Company Ltd.<\/td><td>Prazim <a href=\"https:\/\/www.tickertape.in\/blog\/trading-vs-investing\/\">Trading and Investment<\/a> Company Pvt Ltd&nbsp;<\/td><td>Block<\/td><td>Purchase<\/td><td>30 Nov 2018<\/td><td>800<\/td><td>1,875,000<\/td><td>0.38%<\/td><\/tr><tr><td>S H Kelkar &amp; Company Ltd.<\/td><td>Prazim Trading and <a href=\"https:\/\/www.tickertape.in\/blog\/investment-company\/\">Investment Company<\/a> Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Purchase<\/td><td>03 May 2017<\/td><td>306<\/td><td>2,059,418<\/td><td>1.49%<\/td><\/tr><tr><td>Healthcare Global Enterprises Ltd.<\/td><td>Prazim Trading and Investment Company Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Sell<\/td><td>26 Apr 2017<\/td><td>275.01<\/td><td>2,403,975<\/td><td>1.73%<\/td><\/tr><tr><td>DCB Bank Ltd.<\/td><td>Prazim Trading and Investment Company Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Purchase<\/td><td>20 Mar 2017<\/td><td>162.35<\/td><td>7,912,355<\/td><td>2.54%<\/td><\/tr><tr><td>Jyothy Labs Ltd.<\/td><td>Prazim Trading and Investment Company Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Purchase<\/td><td>20 Mar 2017<\/td><td>353.65<\/td><td>2,303,446<\/td><td>0.63%<\/td><\/tr><tr><td>Trent Ltd.<\/td><td>Prazim Trading and Investment Company Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Purchase<\/td><td>20 Mar 2017<\/td><td>248.45<\/td><td>9,212,230<\/td><td>2.59%<\/td><\/tr><tr><td>Healthcare Global Enterprises Ltd.<\/td><td>Prazim Trading and Investment Company Pvt Ltd&nbsp;<\/td><td>Bulk<\/td><td>Purchase<\/td><td>20 Mar 2017<\/td><td>235.75<\/td><td>6,654,723<\/td><td>4.79%<\/td><\/tr><tr><td>Wipro Ltd.<\/td><td>Prazim Traders<\/td><td>Bulk<\/td><td>Purchase<\/td><td>15 Mar 2013<\/td><td>440.05<\/td><td>37,150,000<\/td><td>0.68%<\/td><\/tr><tr><td>Wipro Ltd.<\/td><td>Prazim Traders<\/td><td>Block<\/td><td>Purchase<\/td><td>15 Mar 2013<\/td><td>440.05<\/td><td>37,150,000<\/td><td>0.68%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premji-and-Associates-Net-Worth\"><\/span><strong>Premji and Associates Net Worth <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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\u2019 Net Worth graph from 2017 is as follows.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/IRNu9vUF_4drgE4hOtCNESWJAttnzxF_vTuqpW0WyD6sjx9f-AV-6Jid0fSaTOm6oeQyDN14CUi0hlo3PI2pYyi05W16vVpftXhVseZs24WOxaCQUkh87eGkvSW1caUYpFEZn9rvw9WVfZ_uBe985V1SBoKALnUDpSI1lJ3M5ulEmLuupA_Ag-0kAw\" width=\"600\" height=\"371\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recognitions-of-Azim-Premji\"><\/span><strong>Recognitions of Azim Premji<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>In 2011, the highest civilian award in India, Padma Vibhushan was awarded to Azim Premji.&nbsp;&nbsp;<\/li><li>In 2019, Forbes mentioned Premji in the list of the world&#8217;s most generous philanthropists outside of the US.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Philanthropic-activities-by-Azim-Premji\"><\/span><strong>Philanthropic activities by Azim Premji&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Azim Premji is not just known for being one of the richest people in India but also for his charity and modesty. He says, \u201cBeing rich did not thrill him\u201d. His philanthropic activities are as follows,&nbsp;<\/p>\n\n\n\n<p><strong>Azim Premji Foundation<\/strong><\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><strong>The Giving Pledge campaign&nbsp;<\/strong><\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<p><strong>India\u2019s most generous&nbsp;<\/strong><\/p>\n\n\n\n<p>According to a release by Hurun India and EdelGive on 10 November 2020, Premji is recognised as \u201cIndia\u2019s Most Generous\u201d.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Takeaway\"><\/span><strong>Takeaway&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From being one of the richest Indians to having one of the biggest portfolios of investment, here\u2019s all you need to know about Azim Premji along with Premji and Associates Portfolio so far.\u00a0<\/p>\n","protected":false},"author":90,"featured_media":8941,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[9,1749],"tags":[1618,1611,1619,1612,1620],"acf":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/05\/TT-30-May-22-Ajim-Premji-BB.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8908"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=8908"}],"version-history":[{"count":15,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8908\/revisions"}],"predecessor-version":[{"id":10213,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8908\/revisions\/10213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/8941"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=8908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=8908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=8908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}