“Premji gives Rs 12.3k cr to his trust,” so read today’s news paper, The Times of India, New Delhi Edition, Saturday, February 23, 2013 (p.23). Mr. Azim Premji has transferred Rs 12300 cr worth of shares of Wipro, an Indian company, to the Azim Premji Foundation, the organization through which the philanthropic activities are conducted. Earlier, in December 2010, Premji had donated Rs 8,846 cr. The income from this corpus will be utilized to support many social and not – for – profit initiatives including those in the field of education. As per the news report, the Foundation has already established the Azim Premji University in Bangalore. In addition, three state-level and seven district-level institutes have been set up and seven more district-level institutes are in the pipeline. Further, it intends to open eight state-level and 60 district-level institutes across India by 2016. The district-level institutes will become outreach facilities for the University. It will also open 60 to 100 schools. Premji has assured further funding as is evident from his statement, “I am committed to transferring more of my wealth to scale up the endowment of the foundation.”
What a remarkable person driven by a burning desire to create a ‘just, equitable, humane and sustainable society’ and to make a difference in the lives of people of this country! He has set an example that needs to be emulated by the other billionaires as I strongly believe that it is only through education that we can pull our people out of poverty.
You must go through Azim Premji’s lessons in life that he shared with the young managers in Mumbai on February 9, 2004. You too can imbibe these lessons in your life.
We certainly need more people like Azim Premji, with these words I sign off this blog-post, hoping that more will follow the example set by him to empower the youths of this nation through education.