Mr. Azim Premji Does It Again…

Mr. Azim Hashim Premji, the Wipro‘s billionaire founder has recently given away half of his stake in the company for charity. In an earlier blog-post, “We Need More People Like Azim Premji“, he had stated: “I am committed to transferring more of my wealth to scale up the endowment of the foundation.”  And, he has done it again… by giving away additional 18 per cent of his stake in the company for charity, thus earmarking a total of 39 per cent stake (worth Rs 53,284 crore) for a charitable trust. He had earlier transferred 21 per cent of his stake.

Mr. Azim Premji. Photo Source: IBN Live

Mr. Azim Premji. Photo Source: IBN Live

The trust supports various social causes through ‘The Azim Premji Foundation‘ and ‘Azim Premji Philanthropic Initiatives’.

Mr. Premji is driven by the conviction that economic value is sustainable only if created on a foundation of ethics and responsibility and strongly believes that corporations should play a more significant role in contributing to building a better society.

I earnestly hope that more and more corporations will follow the example set by Mr. Azim Premji and will take the road, thus far, less travelled…

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