Easily one of India’s most generous donations ever, the Wipro founder Azim Premji has given away half of his stake in Wipro to charity. The sum total of this donation is assessed at a value of Rs. 53,284 crores. With this, the IT czar has once again proved the world why he’s touted to be the country’s most generous and top philanthropist.
The billionaire head of Wipro, India’s third largest exporter of software services, has donated 39 per cent of his stake in Wipro. The large hearted 69 year old gentleman said, ‘Over the past fifteen years, I have tried to put this belief into action through my personal philanthropic work.’ Azim Premji further said that the Trust supports the initiatives of The Azim Premji Foundation and Azim Premji Philanthropic Initiative.
‘For us, this is the driving force in the form of our values and is something that we will continue to remain completely committed to,’ Premji added in his announcement. Apparently, Azim Premji is the first Indian to sign the Giving Pledge, promoted by billionaires Bill Gates, co-founder of Microsoft and Warren Buffett. The initiative is to welcome the world’s richest to donate their wealth to philanthropy.
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