Financial status

Azim Premji transformed WIPRO ltd (western India products ltd) from a vegetable oils maker into a robust IT company, which is ranked 3rd amongst Indias computer service providing companies.He took over his fathers business at the age of 21, after he joined WIPRO he slowly and steadily entered into other product lines such as ethnic ingredient based toiletries, hair care soaps, lightning products and hydraulic cylinders. Thereafter he shifted his focus from soaps to software. In the 1980s WIPRO entered into the technology field. Since his immigration into his fathers business he has transformed a US $2million company into a global technology group with $2.5 billion in sales.Premji is a very simple man with a frugal lifestyle who flies economy class and prefers staying in company guest houses rather than luxury hotels.