Source |yourstory.com | By|Thimmaya Poojary
On June 6, 2019, Wipro had announced that Rishad Premji would take over as the new Executive Chairman of the company with Azim Premji stepping down on July 30, 2019. However, Azim Premji will still remain a member on the Board.
Azim Premji’s reign at Wipro saw the transformation of the company from a small hydrogenated cooking fat company into a globally well-known IT major with revenue of $8.5 billion. Along with the technology business, he also built significantly in the segments of FMCG, infrastructure engineering, and medical devices with combined revenues of over $2 billion.
Azim Premji was just not a builder of businesses but also committed billions of dollars to charity – the largest in the country to date – at $21 billion.
Rishad will step into a role and has very large boots to fill in as his father is one of the most respected figures in the landscape of Indian corporate.