Business Standard

Azim Premji

Wipro Enterprises' revenue rises 10% to Rs 16,902 cr in FY24; profit up 35%

Azim Hasham Premji-led Wipro Enterprises has said its consolidated revenue from operations increased 9.8 per cent to Rs 16,902 crore in the financial year ended March 2024 while its profit jumped 35 per cent to Rs 1,903.1 crore According to an RoC (Registrar of Companies) filing, its total income, including other income, stood at Rs 17,761.3 crore in FY24, up 11.2 per cent from FY23 figure. Wipro Enterprises Pvt Ltd had reported a revenue from operations of Rs 15,387.8 crore and a profit of Rs 1,410.1 crore a year before in FY23, according to financial data accessed through business intelligence platform Tofler. As of March 31, 2024, Azim H Premji held 77.65 per cent stake in the company and the rest 21.84 per cent was owned by the Azim Premji Trust. Wipro Enterprises is primarily engaged in the business of consumer care and home care products, food business, hydraulics, aerospace components, domestic and institutional lighting, commercial solutions, additive manufacturing, and ...

Wipro Enterprises' revenue rises 10% to Rs 16,902 cr in FY24; profit up 35%
Updated On : 01 Dec 2024 | 11:14 AM IST

'India's annual temp to rise 1.5°C by 2057, if emissions stay moderate'

The study highlights that these changes could exacerbate extreme weather events, including heatwaves, droughts, and intense rainfall, with wide-ranging effects on communities, agriculture, and natural

'India's annual temp to rise 1.5°C by 2057, if emissions stay moderate'
Updated On : 17 Nov 2024 | 10:40 PM IST

Jewellery brand Giva's revenue rises 66% in FY24, to Rs 273.6 crore

The cost of procurement of metals increased by over 53 per cent to Rs 115 crore in FY24

Jewellery brand Giva's revenue rises 66% in FY24, to Rs 273.6 crore
Updated On : 15 Nov 2024 | 6:24 PM IST

AI reshaping industries, 'cornerstone' of business strategy: Rishad Premji

Wipro has made 'human interactions' core of AI development, says chairman of IT service company

AI reshaping industries, 'cornerstone' of business strategy: Rishad Premji
Updated On : 19 Jul 2024 | 10:52 AM IST

Awaiting regulatory clarity: GIFT City-bound family offices on hold

Family offices, including those of Azim Premji and NRN Murthy, have filed application for registration in Gift city

Awaiting regulatory clarity: GIFT City-bound family offices on hold
Updated On : 14 Jun 2024 | 12:29 AM IST

Who is Azim Premji? The architect of IT major Wipro's global success

Padma Bhushan awardee Azim Premji, with a net worth of $12 billion, is the founder of Wipro and established the Azim Premji Foundation

Who is Azim Premji? The architect of IT major Wipro's global success
Updated On : 17 May 2024 | 11:24 PM IST

CII Summit: Azim Premji stresses companies' social responsibilities

Premji, who is also a philanthropist, emphasised the need for business houses to operate with the highest standards of integrity and stated that a lack of integrity signifies a lack of character

CII Summit: Azim Premji stresses companies' social responsibilities
Updated On : 17 May 2024 | 10:40 PM IST

Premji Invest inches closer to majority stake acquisition in Nainital Bank

Bank of Baroda, a public sector lender and the majority shareholder holding around 98% of Nainital Bank, is expected to divest its entire stake

Premji Invest inches closer to majority stake acquisition in Nainital Bank
Updated On : 03 May 2024 | 11:17 AM IST

Azim Premji's family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools

Azim Premji's family office to invest more money in AI to prop $10 bn fund
Updated On : 29 Apr 2024 | 8:45 AM IST

Philanthropy grows in country but rich more giving than super-rich: Report

The sharp rise was driven primarily by significantly bigger contributions from just two individuals: Azim Premji and Shiv Nadar

Philanthropy grows in country but rich more giving than super-rich: Report
Updated On : 29 Feb 2024 | 4:10 PM IST

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons

Wipro founder Azim Premji has transferred 1.02 crore equity shares of Wipro held by him to his two sons --Rishad Premji and Tariq Premji-- as 'gift', according to exchange filing. The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore. Tech magnate Azim Premji's son Rishad Premji currently helms Wipro as its Executive Chairman, and is a prominent face of the IT industry. "I, Azim H Premji, wish to intimate you that 1,02,30,180 equity shares of Wipro Limited held by me, amounting to 0.20 per cent of the share capital of the company were transferred to Rishad Azim Premji and Tariq Azim Premji in the form of gift," Wipro filing on Wednesday said. The transaction, however, would not alter the overall promoter and promoter group shareholding in the company and it will remain the same even after the proposed transaction. In another filing by Wipro, Rishad Premji informed that 51,15,090 equity ..

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons
Updated On : 25 Jan 2024 | 12:43 PM IST

Bill & Melinda Gates Foundation CEO urges billionaires to donate more, soon

The CEO of the Bill & Melinda Gates Foundation has a message: Hey billionaires, give away more of your money to address inequality and do it soon. Mark Suzman made the call in his annual letter released Thursday that led with the story of Chuck Feeney, a billionaire whose philanthropy inspired Warren Buffett, Bill Gates and Melinda French-Gates. Feeney, who died in October, made a fortune through duty free stores and gave away $8 billion during his life, much of it anonymously. He showed us all how the actions of one generous person can set the wheels in motion for generations of progress, Suzman wrote of Feeney. The message is a familiar one from the Gates Foundation, one of the largest global health funders in the world. The foundation recently announced it would spend $8.6 billion in 2024, its largest budget to date, aided by a $20 billion donation by Gates in 2022. The record-setting budget coincides with the erosion of progress nonprofits made toward ending poverty, fighting .

Bill & Melinda Gates Foundation CEO urges billionaires to donate more, soon
Updated On : 25 Jan 2024 | 12:06 PM IST

Azim Premji family office gets nod to bet abroad through GIFT City

Premji Invest and billionaire Narayana Murthy-backed Catamaran Ventures were among the first to seek approvals, according to the people

Azim Premji family office gets nod to bet abroad through GIFT City
Updated On : 06 Jan 2024 | 12:19 AM IST

119 Indians donated Rs 5 cr-plus in FY23, Shiv Nadar gave Rs 5.6 cr a day

Philanthropy report card: Indian billionaires donated 59% more

119 Indians donated Rs 5 cr-plus in FY23, Shiv Nadar gave Rs 5.6 cr a day
Updated On : 02 Nov 2023 | 10:54 PM IST

How wonderful SHE can be

Azim Premji transformed himself from being a businessman into a philanthropist

How wonderful SHE can be
Updated On : 20 Oct 2023 | 11:00 PM IST

Slow climb up: The time it takes the poor to become middle class in India

Religion, region, caste and education determine social mobility in the country

Slow climb up: The time it takes the poor to become middle class in India
Updated On : 29 Sep 2023 | 12:13 PM IST

Labour market shows progress in key areas but challenges remain: Report

Labour markets has shown better intergenerational mobility, increased regular wage workers and narrowed caste based segregation, according to State of Working India report 2023

Labour market shows progress in key areas but challenges remain: Report
Updated On : 20 Sep 2023 | 6:47 PM IST

Top headlines: Car sales zoom to new high in Aug, India set for Aditya-L1

Business Standard brings you the latest headlines at this hour

Top headlines: Car sales zoom to new high in Aug, India set for Aditya-L1
Updated On : 02 Sep 2023 | 8:55 AM IST

Narayana Murthy, Azim Premji to set up family investment fund at GIFT City

However, a source close to the development said that the application is still in the regulatory stage.

Narayana Murthy, Azim Premji to set up family investment fund at GIFT City
Updated On : 01 Sep 2023 | 11:14 PM IST

Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report

"There are two components to this business - the older, stable motor-financing arm and the new-age loans and services, which can be an add-on growth lever," the report said citing source

Carlyle, Premji Invest eye stake in auto loan firm TVS Credit: Report
Updated On : 02 May 2023 | 1:12 PM IST