After 40 years with the company, Vineet Agrawal, MD of Wipro Enterprises and CEO of Wipro Consumer Care & Lighting, will retire in January 2026. With effect from February 1, 2026, Kumar Chander, who is currently President of Southeast Asia and Yardley India, will take over as CEO.
Chander will start working with Agrawal in October 2025 to guarantee a smooth handover. He will work out of the Bengaluru headquarters of Wipro Enterprises. After working for Wipro since 1985, Agrawal was appointed CEO of Wipro Consumer Care & Lighting in 2002.
Over the past twenty years, he has been instrumental in transforming the business into a major FMCG force on a global scale. Under his direction, the business made 15 acquisitions, greatly increased the number of international brands it owned, and made Santoor one of the top two soap brands in India.
Changing Business Dynamics of Wipro
Wipro’s concentration was mostly on vanaspati, soap, and lighting products in India before Agrawal took over in 2003. The company now operates in over 60 countries in the culinary, lighting, skincare, personal care, home care, and seating sectors.
Vineet has been instrumental in transforming Wipro Consumer Care & Lighting from a domestic player to a truly global enterprise, growing the company from INR 300 crore in 2003 to over INR 10,600 crore today, according to Azim Premji, chairman of Wipro Enterprises, who discussed the transition.
Vineet oversaw 15 significant acquisitions, turned Santoor into a well-known Indian brand, and established a solid foundation for innovation and expansion. A lasting legacy has been left by his innate grasp of people, culture, and long-term value development. The company would like to express its gratitude to him for his outstanding work over the past forty years.
Premji further added, “It gives me great pleasure to introduce Kumar Chander as the incoming MD of Wipro Enterprises and CEO of Wipro Consumer Care & Lighting.” Chander provides keen strategic vision and executional depth to Wipro, where he has worked for 33 years and built a solid reputation in both Indian and foreign markets.
His leadership is demonstrated by the fact that he helped us rank first in Malaysia’s personal care market and in the top three in a number of others. “Kumar is incredibly well-positioned to guide us into the next chapter because of his humility, fairness, strategy, and business acumen,” Premji continued.
Agarwal’s Journey in Wipro
After working for Wipro since 1985, Agrawal was appointed CEO of Wipro Consumer Care & Lighting in 2002. Over the past twenty years, he has been instrumental in transforming the business into a major FMCG force on a global scale.
Under his direction, the business made 15 acquisitions, greatly increased the number of international brands it owned, and made Santoor one of the top two soap brands in India. “It has been a privilege to be part of Wipro for 40 years and to lead Consumer Care & Lighting over the last two decades,” Agrawal said, looking back on his career.
“Together, we have established a multinational corporation based on integrity, rigorous execution, and robust processes. I am appreciative of the chance to guide through a time of profound change and proud of the foundation we have established. Wipro’s dedication to creating with purpose and long-term concentration has influenced our path. I have complete faith that Kumar will lead Wipro to even higher heights because of his unique leadership style and extensive worldwide expertise,” he added further.
One name that carries excellence in corporate and philanthropic contributions is Azim Premji. The man who transformed this small vegetable oil company into the largest IT service firm in the world was formerly the Chairman of Wipro Limited. Besides, he is widely known as a philanthropic giver and has been a contributing factor to making him one of the most effective change-makers in India. His life is the story of innovation, hard work, and love, a legend for any entrepreneur and humanitarian worldwide.
Earlier, he was popularly known as the Czar of the Indian IT industry; he managed Wipro for nearly four decades in the growth phases of diversification, where he allowed the brand to emerge as one of the world’s leaders in the global software space.
By 2010, Asiaweek elected him the world’s 20 most powerful man. He was featured on the list of Time magazine not once but twice: first in 2004 and secondly in 2011 in a list of its 100 most influential people in the world. By 2024 Forbes India ranked him as India’s 19th richest leader with over $32.2 billion worth.
Azim Premji – Biography
Name
Azim Hashim Premji
Birthplace
Bombay (now Mumbai), India
Nationality
Indian
Born
24th July 1945
Education
Bachelor’s in Electrical Engineering, Stanford University (completed via correspondence)
Occupation
Entrepreneur, Founder and Chairman of Wipro
Wife
Yaseen Premji
Children
Rishad Premji, Tariq Premji
Known For
Chairman Emeritus of Wipro Limited, Founder of Azim Premji Foundation
Azim Premji, from a well-established Nizari Ismaili Shia Muslim background, was born on July 24, 1945 in Bombay, India. His father, Muhammad Hashim Premji, was known as another celebrity businessman: The Rice King of Burma. He was the founder of Western India Vegetable Products Ltd, then renamed Wipro. He inherited the entrepreneurship spirit from his father and, in fact, proved it by assuming the family business at the age of 21. His father unexpectedly died.
Premji joined Stanford to pursue engineering courses. However, his father passed away in 1966 forcing him to head the family enterprise back in India. He later cleared his degree in Electrical Engineering via correspondence courses he was undertaking for himself.
Early Leadership: Premji led Wipro from a small company producing hydrogenated cooking fats to a diversified conglomerate to become the top IT services organization in the world. In the 1970s, an emerging IT sector was seen by Premji, which had enough potential and Wipro turned toward technology and software services.
Growth and Global Success: Wipro became synonymous with innovation and quality in the IT industry. Wipro’s sharp strategic vision helped Premji achieve his dream when the company got listed on the New York Stock Exchange in 2000-an important milestone marking the global aspiration of the company. As of the day he stepped down as chairman in 2019, Wipro has had operations in over 60 countries and over 170,000 workers.
Business Philosophy: Premji supported ethical business practices, customer-focused strategies, and commitment to excellence. He believed in managing a culture of learning and innovation by empowering employees, hence contributing significantly toward the sustained growth of Wipro.
Azim Premji is known as one of the most important philanthropists in the world and has received numerous awards and recognitions for them. Some of his philanthropic roles are:
Azim Premji Foundation: His journey in philanthropy is as significant as his corporate successes. In 2001, he founded the not-for-profit organization Azim Premji Foundation aimed at improving rural children’s education in India. December 2010; vowed to invest USD billion towards better schooling in India by transferring the equity shares holding in Wipro Ltd. The worth is 213 million equity shares, Azim Premji Trust. One of the biggest donations in Indian history.
He committed another 34% of his individual holding in Wipro in March 2019. His share, as of date worth $7.5 billion, will make the contribution from the founder to the tune of $21 billion. To respond to the requirements generated by the COVID-19 scenario, the foundation and its partners, the National Centre for Biological Sciences and the Institute for Stem Cell Science and Regenerative Medicine, upgraded the testing infrastructure in May 2020.
Azim Premji Foundation
Commitment to the Giving Pledge: He also became the first Indian in 2013 to enroll in the Giving Pledge created by Bill Gates and Warren Buffett, pledging at least half his wealth to give. So far, he has donated over $21 billion to his foundation which places him among the most generous philanthropists alive. He is the third non-American after David Sainsbury and Richard Branson in this club.
EdelGive Hurun India Philanthropy List: Azim Premji tops the list of “India’s most generous” leaders released by Hurun India and EdelGive in November 2020. He is known to have donated INR 79.04 billion, for the financial year 2019-20, mainly towards improving education. He again donated INR9713 crore in the financial 2021.
Azim Premji – Awards and Recognition
Ranked one of the “Greatest Entrepreneurs” by Business Week for Wipro
Manipal Academy of Higher Education, (2000) Honorary Doctorate Awarded
Business Week (2004): Ranked in “Greatest Entrepreneurs of All Time”.
Time Magazine, (2004 & 2011): Named to 100 most influential people in the world.
Awardee of National Institute of Industrial Engineering 2006 Lakshya Business Visionary
Padma Bhushan, 2005: for distinguished service to trade and commerce.
Honorary Doctoral Degree from Wesleyan University, Middletown, Connecticut, 2009, for distinguished philanthropic efforts.
Padma Vibhushan, India’s second most prestigious civilian honor (2011) For exceptional service to the nation
Lifetime Achievement Award from Forbes India Philanthropy Awards 2012
Asian Business Leaders Award 2013 for excellence in corporate social responsibility.
Mysore University, 2015: Honorary doctorate
India Today Magazine (2017): Ranked him 9th in India’s most powerful 50 people
Knight, Legion d’Honneur of France (2018): highest French civilian award conferred by French Govt
Featured on “Heroes of Philanthropy list of 20 altruists” in Asia-Pacific region – Forbes Magazine 2019. Additionally, he features in the lists of the World’s most charitable philanthropists outside of the USA.
Azim Premji – Personal Life
Azim Premji is married to Yasmeen Premji, who is also a well-renowned writer and philanthropist. He and Yasmeen have two children, Rishad and Tariq. Rishad Premji today is the executive chairman of Wipro, just like his father before him.
Premji is a man of simple living and dislikes ostentation. This is one reason why he still flies economy class and drives an ordinary car even though he is one of the richest men in India. He is the epitome of humility and responsibility.
Facts About Azim Premji
Azim Premji took over Wipro at the age of 21 when his father died suddenly. Then, Wipro was mainly a company dealing in vegetable oils and soaps. Under his vision, it turned into a global IT giant.
Although he is one of India’s richest individuals, Premji is a thrift. He saved money by employing such simple austerity measures as sticking paper clips into documents instead of staples and reserving office furniture for reuse.
The Azim Premji Foundation alone has given away more than 66% of its wealth to charity. It thus makes him the largest philanthropist individual in India and indeed one of the greatest philanthropists in the world.
In 2019, Premji released shares to the tune of $7.5 billion to his foundation, which made him the biggest individual philanthropic giver in that country.
Corporate governance and transparency are highly advocated for by Premji. He believes that long-term profitability in business is guaranteed through adherence to principles that are right and just.
He is credited with pioneering the Indian IT outsourcing model that has enabled the bringing in of global clients into Indian tech companies, and in fact, transformed the way Indian tech businesses function.
He has also made Wipro one of the first companies in India to bring in structured employee training programs and developmental workshops so that their employees are constantly being upskilled.
The Azim Premji Foundation operates with more than 500,000 teachers across India, hoping to improve the quality of government schools.
Premji believes that wealth should not be inherited indiscriminately but rather used to serve the greater good. His foundation’s structure reflects this philosophy.
Premji still has a humble life, from taking a basic Toyota Corolla around to staying at budget hotels.
During his time as a head, Wipro began practicing sustainability, thus it is considered among the earliest Indian businesses that embraced an intent toward utilizing renewable sources and non-environmentally friendly businesses.
Premji is reported to mentor young entrepreneurs and help them understand what ethical business and long-term sustainability mean.
Under the leadership of Azim Premji, Wipro has entered the digital age with all its emerging trends like cloud computing, AI, and data analytics, even ahead of their going mainstream.
Azim Premji’s Legacy
The life story of Azim Premji exemplified the power of vision, tenacity, and compassion. A global giant due to his inspiring leadership at Wipro, with a philanthropy touch, Premji has transformed millions of lives. Not only an ethical practitioner but also a tireless champion for social responsibility, and innovation, a whole generation of entrepreneurs and social changemakers has been inspired by Premji.
His legacy in business and philanthropy together underlines the transformative potential of wealth when it is accompanied by a sense of responsibility toward society.
Wipro Limited, a prominent name in the global IT services industry, is renowned for its innovative approach and commitment to excellence. From its humble beginnings to its transformation into a global powerhouse in information technology, Wipro has been a pioneer in adapting to the changing needs of the digital age. Headquartered in Bengaluru, India, the company has expanded its operations across over 50 countries, providing end-to-end solutions to industries ranging from banking and healthcare to retail and energy.
Wipro’s strategic investments in cutting-edge technologies such as artificial intelligence, cloud computing and data analytics have strengthened its position as a leader in the IT space. In addition, its strong focus on sustainability, coupled with its net-zero emissions goal by 2040, showcases the company’s commitment to creating a sustainable future.
In this Startup Talky, we will talk about Wipro’s dynamic journey, its future plans, how it’s navigating the digital transformation wave and its efforts to stay at the forefront of technological advancements in a rapidly evolving market. Read to learn more about Wipro, its founder, business model, revenue model, funding, revenue, growth, financials, net worth, and more.
Wipro, a globally renowned technology powerhouse stands as a trailblazer among India’s Big Tech elite. Offering a broad spectrum of services, Wipro specializes in IT solutions, business consulting and process optimization. With expertise spanning cloud innovation, cybersecurity, AI-driven solutions, robotics, digital transformation and advanced data analytics, the company caters to a diverse clientele across 167 countries.In 2007, Wipro unveiled its groundbreaking supercomputer series, the Wipro Supernova. Building on this innovation, the company partnered with the Indian Space Research Organisation (ISRO) in 2011 to create SAGA-220, India’s fastest supercomputer at the time.
This cutting-edge machine was deployed at the Vikram Sarabhai Space Centre, marking a significant milestone in India’s technological advancements.
Wipro – Industry
India’s IT software and consulting industry is on a fast track to growth, driven by the rapid embrace of new technologies and an increasing emphasis on cybersecurity. Projections paint a promising picture for the sector:
Revenue Milestone: By 2025, the industry is expected to generate revenue of $1.36 billion.
Sustained Growth: From 2025 to 2029, the market is projected to grow at a steady CAGR of 8.14%, reaching a market volume of $1.86 billion by the end of the period.
With its momentum fueled by innovation and a focus on secure solutions, the IT consulting and implementation sector in India is set to shape the future of technology adoption and business transformation.
Wipro – Founders and Team
Azim Premji – Founder & Chairman, Wipro
Azim Premji – Founder & Chairman, Wipro
Azim Premji, born in Bombay (now Mumbai), India, grew up in a family deeply rooted in business. His father, Muhammed Hashim Premji, was known as the “Rice King of Burma” and played a key role in the family’s entrepreneurial legacy. When Muhammad Ali Jinnah, the founder of Pakistan, invited his father to move to Pakistan, he chose to remain in India, staying true to his roots.
Azim Premji pursued his Bachelor of Science in Electrical Engineering from Stanford University, shaping his future in technology and business. Today, he’s married to Yasmeen Premji and together they have two children: Rishad and Tariq. Rishad Premji, their eldest, now leads as the Chairman of Wipro’s IT business, continuing the family’s influential role in the company’s success.
Wipro, now India’s third most-valued IT company, has an inspiring journey that began far removed from technology. Founded in 1945 by Mohamed Hasham Premji in Amalner, Maharashtra, the company started as Western India Vegetable Products Limited, manufacturing vegetable and refined oils.
After Hasham Premji’s passing in 1966, his 21-year-old son, Azim Premji, took over the reins, leaving Stanford University to lead the business. Under his visionary leadership, the company began diversifying its product portfolio in the 1970s to include bakery fats, ethnic ingredient-based toiletries, baby products and hydraulic cylinders.
In 1977, the company rebranded as Wipro Products Limited and later as Wipro Limited in 1982, marking a pivotal shift in its identity. The 1980s were transformative, with Wipro capitalizing on the opportunities created by IBM’s exit from India. Collaborating with Sentinel Computer Corporation, Wipro entered the high-tech arena, manufacturing India’s first minicomputer based on the Intel 8086 chip in 1981.
By 1984, Wipro had launched its software division, initially developing spreadsheets and word-processing tools before shifting focus to offshore software development in the 1990s. The mid-1990s saw Wipro emerge as a leading manufacturer of personal computers and medical diagnostic equipment.
In 1998, Wipro was India’s second-largest software exporter, having transitioned from a consumer goods company to a global IT leader. Azim Premji’s strategic pivot from products like soaps to software laid the foundation for Wipro’s evolution into a tech giant, driving innovation and success in IT, consulting and business services worldwide.
Wipro – Mission and Vision
Mission Wipro is committed to enabling clients to achieve their business goals by delivering excellence in processes, quality frameworks and innovative service solutions.
Vision Wipro aspires to be a globally admired organization recognized for its world-class products, solutions and services.
Wipro – Name, Tagline and Logo
Wipro Logo
Name: Wipro Limited
Tagline: “Applying Thought”
Logo: Wipro’s logo features the company’s name on a clean white background, framed by colorful concentric dots. Redesigned in 2017, the new logo replaced the iconic rainbow flower and symbolizes Wipro’s seamless integration of technology with domain expertise. The concentric circles embody the company’s core values and its strong connections with employees, clients, partners and communities.
Tagline Evolution: Wipro’s original tagline, “Applying Thought,” served as a pledge to its customers, reflecting the company’s dedication to excellence in IT services and problem-solving. This timeless phrase encapsulated Wipro’s approach to innovation and its journey of transformation.
In recent years, Wipro adopted the tagline “Be Digital. Be More” to emphasize its focus on empowering clients with cutting-edge digital solutions and driving meaningful growth in a rapidly evolving technological landscape.
Wipro – Business Model
Wipro offers diverse services tailored to client needs, including:
IT Services: Solutions to drive digital transformation.
Business Process Services: Optimizing workflows for efficiency.
Consulting: Strategic advice for complex business challenges.
Engineering Services: Cutting-edge product and system designs.
Cloud Services: Scalable solutions for modern enterprises.
Wipro emphasizes strong, mutually beneficial relationships with its partners. These 360-degree partnerships ensure collaborative innovation and seamless integration, benefiting clients with comprehensive, cohesive solutions.
Global Business Lines
The company’s restructured global business line model focuses on key growth areas:
Cloud solutions
Enterprise technology
Engineering services
Strategic consulting
This approach ensures Wipro remains at the forefront of industry trends and emerging technologies.
Wipro’s Service Bureau Model creates a win-win by enabling large companies to share their billing infrastructure with smaller businesses. This collaborative framework helps reduce costs and improve efficiency for all stakeholders.By leveraging cutting-edge technologies, Wipro empowers clients to develop resilient operating models, drive innovation and navigate their digital transformation journeys effectively.
Wipro – Revenue Model
Wipro’s revenue generation is primarily driven by its robust IT servicesdivision, which offers a diverse range of solutions to clients across industries like banking, retail, healthcare and manufacturing. This segment encompasses key offerings such as software development, IT consulting, system integration and application management. Wipro assists businesses in optimizing operations and navigating their digital transformation journeys. By integrating advanced technologies like artificial intelligence (AI), cloud computing and cybersecurity solutions, Wipro has cemented its position as a leader in the IT services market, significantly contributing to its revenue stream.
In addition to IT services, Wipro’s business process outsourcing (BPO) division plays a crucial role in driving revenue. This segment manages specific business functions for clients, including customer service, finance and accounting, human resources and procurement. Through its global presence and operational efficiency, Wipro helps clients cut costs, enhance service delivery and focus on their core business operations. The growing demand for strategic BPO partnerships has fueled revenue growth in this sector, as companies increasingly look for ways to boost competitiveness and operational effectiveness.
Wipro – Challenges Faced
Wipro has faced notable challenges tied to the leadership changes that began in 2020 when Thierry Delaporte assumed the role of CEO. Delaporte unveiled an ambitious strategy to drive growth, focusing on high-value acquisitions and securing large-scale deals worth $500 million or more. Among the major moves was the $1.4 billion acquisition of Capco, a London-based consulting firm, designed to strengthen Wipro’s value-added services and broaden its client portfolio.
Despite the initial promise, this approach has encountered hurdles. A significant portion of Wipro’s revenue growth under Delaporte has been acquisition-driven, requiring a substantial cash investment of nearly $2 billion. The sustainability of this model has been called into question, especially as acquired entities like Capco have experienced slowdowns, raising concerns about the long-term viability of such an aggressive expansion strategy.
Wipro – Funding and Investors
Wipro continues to fuel its growth and innovation through strong partnerships with key investors and stakeholders.
Announced Date
Transaction Name
Money Raised
Investors
Nov 8, 2024
Post IPO Secondary
INR 4760 crore
PremjiInvest
Nov 22, 2022
Post IPO Secondary
INR 260 crore
Societe Generale
Mar 1, 2018
Post IPO – Equity
€900 million
Elliot Investment Management
Sept 1, 2007
Post IPO – Equity
–
MAPE Advisory Group
Oct 1, 2006
Post IPO – Equity
–
MAPE Advisory Group
Wipro – Investments
Wipro’s significant investments, including a $1 billion infusion into AI in 2023, demonstrate its commitment to innovation and future-proofing its services.
Announced Date
Organization Name
Funding Round
Money Raised
Mar 5, 2024
SDVerse
Corporate Round
$5.9 million
Nov 8, 2022
VMWare
Corporate Round
–
Mar 1, 2018
Denim Group
Corporate Round
–
Jan 24, 2018
Harte Hanks
Post IPO Equity
$9.9 million
Dec 23, 2017
Imanis Data
Corporate Round
$2.1 million
Apr 13, 2016
Emailage
Series A
$5.7 million
Feb 2, 2016
Altizon Systems
Series A
$4 million
Mar 18, 2015
Drivestream
Venture Round
$5 million
Oct 23, 2014
Opera Solutions
Series G
$8.2 million
Aug 20, 2013
Axeda
Private Equity
$12 million
Wipro – Mergers and Acquisitions
Wipro’s strategic mergers and acquisitions, including the high-profile $1.4 billion Capco deal, have bolstered its capabilities, expanding its service offerings and global footprint.
Acquiree Name
Announced Date
Price
Applied Value Technologies
Dec 16, 2024
$40 million
Aggne
Feb 13, 2024
$66 million
Rizing
Apr 26, 2022
INR 4140 crore
Convergence Acceleration Solutions
Apr 11, 2022
—
Edgile
Dec 19, 2021
$230 million
LeanSwift
Dec 15, 2021
–
Ampion
Mar 31, 2021
$117 million
Capco
Mar 4, 2021
$1.5 billion
Metronome
Dec 23, 2020
—
METRO SYSTEMS Romania
Dec 23, 2020
—
Wipro – Growth
Wipro’s growth from FY22 to FY24 showcased resilience and innovation, with steady revenue increases:
Fiscal Year
FY22
FY23
FY24
Operating Revenue
INR 79,312 crore
INR 15,387.8 crore
INR 16,902 crore (9.8% increase YoY)
Total Expenses
$8.576 billion
INR 12,620 crore
INR 13,757 crore
Profit/Loss
INR 122,434 crore
INR 1,937 crore
INR 1,903.1 crore
Wipro Financials
Wipro – Advertisements and Social Media
Corporate Updates
Wipro has entered a transformative partnership with Google Cloud, focusing on helping businesses worldwide accelerate their digital innovation and modernization efforts.
Innovative Product Introduction
In 2024, Wipro unveiled a state-of-the-art AI-driven cybersecurity platform, designed to enhance threat detection and response capabilities for organizations.
Sustainability-Focused Campaign
As part of its latest marketing push, Wipro is showcasing its ‘Sustainability as a Service’ solution, underlining its dedication to environmental responsibility and green initiatives.
Influencer Collaboration
Wipro teamed up with renowned tech personality Linus Sebastian to promote its new range of technology solutions, aimed at enhancing consumer engagement.
Oracle Global Partner Award 2024: Honored for the Doctor’s Payout solution built on Oracle Cloud Infrastructure.
The Open Group India Awards 2024: Recognized for groundbreaking innovations in the energy and utilities sector.
Intel oneAPI GenAI Hackathon: Triumphed as both winners and runners-up.
Customer Experience Leadership:
Best BPO Award 2023: Celebrated for exceptional outsourcing services and innovative solutions.
CX Awards 2023: Achieved runners-up and Highly Commended honors for the Customer Experience Team of the Year.
Sustainability Recognition:
Green Electronics Brand: Ranked second among Greenpeace’s Top 5 Green Electronics Brands.
Additional Honors:
UK Partner of the Year 2023: Awarded at the Tricentis Partner Kickoff.
Great Place to Work Certification: Earned by Wipro Switzerland, highlighting a positive workplace culture.
WebAward: Received for Outstanding Achievement in Web Development from the Web Marketing Association.
Wipro – Competitors
Wipro’s competitors include global IT giants like the following, all of whom are all vying for leadership in technology services, consulting and digital transformation:
Wipro is shaping the future with a $1 billion investment in its ai360 ecosystem, ensuring AI is at the heart of its internal processes and client solutions. With nearly every employee now skilled in AI, Wipro is building a workforce ready for the future. The company’s collaboration with Intel Foundry is pushing the boundaries of processor technology, developing next-gen AI chips to fuel innovation.
Driving Sustainability
Wipro is on a mission to achieve net-zero emissions by 2040, showcasing its unwavering commitment to the planet. Beyond internal efforts, Wipro offers sustainability services to help clients reimagine their business models and decarbonize their operations, making sustainability a shared journey.
Innovation in Action
Innovation is Wipro’s compass. By investing heavily in research and development, the company is crafting future-ready technologies. Strategic alliances with leaders like Adobe, AWS and Google ensure Wipro stays ahead of the curve, while its cutting-edge data analytics solutions empower clients to make smarter, faster decisions.
A Bold Tomorrow
With a focus on AI, sustainability and relentless innovation, Wipro isn’t just adapting to change—it’s leading the way. Whether through advanced AI capabilities, green initiatives, or groundbreaking partnerships, Wipro is paving a smarter, greener and more innovative path for its clients and industries worldwide.
FAQs
What is Wipro?
Wipro is an Indian IT company providing software services, consulting, and business solutions globally. Founded in 1945, it started as a vegetable oil company before shifting to technology and IT services.
Who is Wipro founder?
Wipro was founded by Mohamed Premji in 1945. His son, Azim Premji, later transformed it into a global IT company.
What is Wipro business model?
Wipro follows a B2B IT services business model, offering software, consulting, and outsourcing solutions to global clients. It earns revenue through IT projects, managed services, and digital transformation solutions across industries.
A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a person an actual philanthropist.
India is a country that has umpteen slums in every city. People living in such slums are so poor and needy that our industrialists and rich heads come forward to help them during their hard times. In the recent times, these philanthropists donated as much as they could. Here is the top philanthropists’ list in India:
Shiv Nadar, the founder of a multi-billion company (HCL Technologies) donates a huge amount of his earnings through the foundation named after him, Shiv Nadar Foundation. The foundation’s focus is empowering individuals through education to bridge the socio-economic divide.
He is widely regarded as the biggest philanthropist in India and believes that every person should be well educated thus has the aim to establish institutions and schools in the underdeveloped and rural areas of our country. Some of his famous institutions are the SSN Institution, VidyaGyan & Kiran Nadar Museum of Art. Shiv Nadar donated 5% more than FY2023 with a total of INR 2153 crores making him the top philanthropist in India for 2024.
Mukesh Ambani and Family
Name
Mukesh Ambani
Company
Reliance Industries
Donation
INR 407 Crores
Primary Cause
Healthcare
Mukesh Ambani – Famous Philanthropist in India
Mukesh Ambani, one of the richest people in the world is also a big philanthropist who founded the Reliance Foundation, a non-profit organization in 2010. This Foundation‘s objective is to promote sustainable growth in India.
The Reliance Foundation is run by Mrs. Nita Ambani who has a focus on rural transformation, health, education, and sports for development. Every year the foundation donates an amount of approximately INR 407 crores to such programs and NGOs. Mukesh Ambani and his family are second in the top 10 philanthropists of India for 2024.
The Bajaj family, Indian philanthropists, has made notable contributions and has been actively involved in philanthropic activities in the country where they have established their business. Their charitable endeavors have demonstrated a commitment to giving back to society and have had a significant impact on the communities they serve.
Their contribution of INR 352 crore to the cause is a testament to their unwavering commitment to charity and social welfare. This achievement marks their first appearance on the prestigious list since its inception and highlights their dedication to making a tangible impact through their acts of kindness. Bajaj Family is the third in the top 10 philanthropists of India for 2024.
Kumar Mangalam Birla and Family
Name
Kumar Mangalam Birla
Company
Aditya Birla
Donation
INR 334 Crores
Primary Cause
Education
Kumar Mangalam – Famous Philanthropist in India
The chairman of Aditya Birla Group, Kumar Mangalam Birla donated a huge amount of his profits to the PM CARES FUND and helped actively people during the COVID-19 pandemic times to do the needful.
His focus is on the poor who don’t have enough financial resources to pay their hospital bills and get proper treatment. He frequently visits the Aditya Birla Memorial Hospital to check up on its welfare and services. He is one of the top philanthropists in India for 2024.
Gautam Adani
Name
Gautam Adani
Company
Adani Group
Donation
INR 330 Crores
Primary Cause
Education
Gautam Adani – Famous Philanthropist in India
Gautam Adani is a true entrepreneur in every sense. He has businesses in almost every sector. He believes a lot in helping and is always donating finances through the Adani Foundation to the needful.
Adani Foundation is based on the Gandhian Philosophy of Trusteeship. The main motive is to facilitate quality education, enable youth with skills, and promote society through infrastructural development. He also donated an amount of INR 88 Crores during the COVID-19 period to the PM Cares Fund. With a donation of INR 330 crore, Gautam Adani is the 5th in the top 10 philanthropists in India for 2024.
Nandan Nilekani is the co-founder of Infosys. In 1978, he started his career at Infosys, and now he is one of India’s biggest entrepreneurs and a big philanthropist. He and his wife started donating small amounts of their income to poor people, and in 2017, both of them decided to donate 50% of their wealth to an NPO, which is operated by Bill Gates Foundation.
Krishna Chivukula – Famous Philanthropist in India
Krishna Chivukula, chairman of INDO-MIM, has donated INR 228 crore to IIT Madras. This is the largest donation the institute has ever received. The money will be used for fellowships for top BTech students, sports programs, and important research projects. He is now ranked 7th on the list of top donors.
Anil Agarwal
Name
Anil Agarwal
Company
Vedanta
Donation
INR 181 Crores
Primary Cause
Healthcare
Anil Agarwal – Famous Philanthropist in India
Anil Agarwal founded the Vedanta foundation on 15th September 1992, to help in creating more employment for sustainable development. Vedanta Foundation aims to achieve development through programs in the form of initiatives with a broad focus mainly on education, nutrition, and livelihood. He is one of the top philanthropists in India for 2024.
Their main objective is to focus on the school children, to provide them with proper nutrition, training, and knowledge about the digital world, which helps them to grow and grab better job opportunities.
Susmita and Subroto Bagchi
Name
Susmita and Subroto Bagchi
Company
Mindtree
Donation
INR 179 Crores
Primary Cause
Education
Susmita and Subroto Bagchi – Famous Philanthropist in India
Mindtree founder Subroto Bagchi and his wife Susmita are now in the top 10 donors list. They donated INR 179 crore, 63% more than last year. They focus on education and started the Bagchi School of Public Health at Ahmedabad University in 2023.
Rohini Nilekani
Name
Rohini Nilekani
Company
Rohini Nilekani Philanthropies
Donation
INR 154 Crores
Primary Cause
Ecosystem Building
Rohini Nilekani – Famous Philanthropist in India
Rohini Nilekani, a philanthropist in India, has been a beacon of hope for those in need with her consistent and generous donations of INR 15470 crore in 2024. Her unwavering dedication towards philanthropic causes is evident from her pledge to donate half of her wealth to noble works through the ‘Giving Pledge.’ She has been actively involved in various initiatives and programs aimed at uplifting society and making a positive impact on the lives of people. Her philanthropic efforts have touched the lives of many, and she continues to inspire others to follow in her footsteps.
Azim Premji
Name
Azim Premji
Company
Wipro
Donation (FY 2023)
INR 1,774 Crores
Primary Cause
Education
Azim Premji – Famous Philanthropist in India
Mr. Azim Premji is one of the most respected Indian Business tycoons, and also a top Indian philanthropist as he’s been donating his time, money, and experience to the people who are in the utmost need.
Recently, he has donated most of his wealth to all other philanthropists so they can pass on the resources to the right place at the right time. He has a trust named Azim Premji Foundation, which gives grants to non-profit organizations that work for the most vulnerable people in our society by providing them with the essential services required to carry out a healthy life. He is considered one of the most famous philanthropist in India.
Ajay Piramal
Name
Ajay Piramal
Company
Piramal Group
Donation (FY 2023)
INR 200 Crores
Primary Cause
Healthcare, Women’s Empowerment, Education
Ajay Piramal – Famous Philanthropist in India
Ajay Piramal, who owns a business of 460 crores, is a well-known philanthropist and also believes in donating for the good. He started his philanthropic career in 2006 by forming a group named the Piramal Foundation. His main objective was healthcare. As he became a pharmaceutical company he realized the need for a better healthcare system in India.
Presently the foundation works in four areas that are: Healthcare, Education, Better Livelihood, and Youth empowerment. Ajay donates around INR 200 crores every year to India’s needy population and is counted as one of the biggest philanthropist in India.
Shrichand Hinduja – Famous Philanthropist in India
Following the legacy left by his father, Shrichand Hinduja is one of the leading businessmen and a big philanthropist in India. Hinduja Foundation was founded in 1970 with the objective of ending poverty in the country.
The foundation has done various initiatives to identify and enhance the efficiency of water usage in rural areas. They also focus on the healthcare facilities available to remote areas and help in the sustainable development of small villages and towns.
Sudhir Mehta
Name
Sudhir Mehta
Company
Torrent
Donation (FY 2023)
INR 81 Crores
Primary Cause
Community Healthcare, Education, and Knowledge Enhancement
Sudhir Mehta – Famous Philanthropist in India
Sudhir Mehta is a well-known philanthropist in India, owning the Torrent group, which deals in the gas and power business. He donates a lot to the Gujarati community and the Jain people. Sudhir helps the people by giving the poor children a proper source of education and healthy meals to eat. He dreams of achieving a 100% literacy rate in India.
Cyrus and Adar Poonawalla – Famous Philanthropist in India
Cyrus S. Poonawalla and Adar Poonawalla, who represent the Serum Institute of India, have made an outstanding contribution of INR 179 crore to the India Philanthropy List 2023. The Poonawalla brothers have been particularly focused on the healthcare industry, which reflects a remarkable 60% increase in their donations from the previous year.
Their continued support of charitable activities related to the healthcare sector is further illustrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK. All these contributions from famous philanthropists are a testament to their unwavering commitment to improving the healthcare sector in India.
The nation requires philanthropists in India who give their best efforts to make the country a better place to live. Such people who are capable of helping others should be appreciated as they are the people who can transform India by filling the gaps that others cannot. The above list of philanthropists in India highlights individuals who have made significant contributions to society through generous donations, particularly in areas like education, healthcare, and research.
FAQs
Who is the greatest philanthropist in India?
Shiv Nadar is considered one of the greatest philanthropists in India, as he has donated around ₹2,153 crores in 2024.
Who is a philanthropist?
A philanthropist is a person who donates his/her time, money, experience, and skills to help create a better world.
What is an example of philanthropy?
An example of philanthropy would be giving money to charity or volunteering.
Who is India’s most charitable person?
Azim Premji, one of India’s most respected business tycoons, is widely regarded as the country’s most charitable person for his extensive philanthropic contributions.
The saying “Winners never quit, and quitters never win” is true, but it seems ironic in the case of entrepreneurs who have quit their academics to pursue their goals instead. Guess what, though? They have accomplished much more than getting good grades from school or university.
People continue to question the decisions that were made by dropouts, asking, “Will they thrive as successful contributors to society?” But trust me when I say that going from being a dropout student with nothing in their pocket to becoming one of the most successful millionaire entrepreneurs in the world has greatly increased respect for determination and commitment to one’s aims.
Dropping out of school or college is considered one of the biggest mistakes in one’s life. However, there are certain people who have proved this notion wrong by turning this mistake into huge achievements. The following is a list of the biggest entrepreneurs in the world, who dropped out of their education in the middle.
Bill Gates
Name
Bill Gates
Net Worth
$114 Billion (2022)
Source
Microsoft Corporation
Dropout From
Harvard University
Bill Gates
Bill Gates is known to be the inventor of the college-dropout billionaire trope in 1975 when he left Harvard to start his career in establishing Microsoft. At the age of 13, he wrote his first software program to get admission to a private Lakeside school, which revealed his affinity for programming.
Whilst at Lakeside school, Gates earned the title of National Merit Scholar, in which he scored 1590 out of 1600 on the SAT. To support his father’s dream of making him becoming a lawyer, he enrolled at Harvard as a pre-law student in 1973, and aced mathematics and computer science courses.
After dropping out of Harvard, in 1975 Gates founded ‘Microsoft’ with his friend Paul, and produced the first-of-its-kind programming language BASIC for the MITS Altair 8800 ‘Microcomputer,’ an early personal computer. He had chosen the path, which he is good at, not the path his parents wanted him to choose.
Mark Zuckerberg
Name
Mark Zuckerberg
Net Worth
$70 Billion (2022)
Source
Meta (formerly Facebook)
Dropout From
Harvard University
Mark Zuckerberg
One of the famous media magnates is the CEO of Meta Platforms- Mark Zuckerberg. He attended his schooling at Ardsley High school before transferring to Phillips Exeter Academy. He started using computer and software programming in middle school, where he built a program that connected wireless communication between his and his father’s dental office.
In 2002, Mark got into Harvard to study Psychology and Computer Science and was already known as a ‘programming prodigy’. At that time, Mark came up with a new code for his new website- Facebook, however, faced a lot of problems in establishing it, so he decided to quit Harvard in 2005 to focus on building his dream, Facebook.
Henry Ford
Name
Henry Ford
Net Worth
$190 billion, (1947, adjusted for inflation)
Source
Ford Motor Company
Dropout From
High School
Henry Ford
The automobile ruler created a revolutionary movement in transportation and the automobile industry. Ford completed his eighth grade at a one-room school and instead of attending sophomore, he enrolled in a bookkeeping course at a commercial school.
Contradictory, Ford was much more interested in building something big than sitting at a desk & bookkeeping. When he was 12 years old, that was the first time he found a purpose in his life when he witnessed the operation of a Nichols and Shepard road engine from a watch gifted by his father. In 1882 Ford returned to his family farm after working as an apprentice machinist in Detroit.
While he was working on the family farm, he became adept at operating the Westinghouse portable steam engine, whereby he completed his first gasoline car powered by a two-cylinder, four-horsepower engine and eventually built three cars in his home workshops, which was a stepping stone to the development of the renowned brand ‘Ford’.
Steve Jobs, the innovation king, was also once a problematic child during his school times, where he played a lot of pranks on teachers and never showed a slight interest in studies.
He even skipped 5th Grade and transferred straight into 6th grade at Crittenden Middle school, where he became a victim of the bully. In fact, his family moved to Los Altos and joined Homestead High school for a better life, which was surrounded by an environment of engineering families.
In 1971, Steve Jobs decided to join the electronics club with his best friend Wozniak, who got into the University of California, Berkeley. At that time, Wozniak designed a low-cost digital ‘blue box’ to manipulate the telephone network, by allowing free long-distance calls.
In 1971, Steve Jobs dropped out of Reed College after the very first semester, because he didn’t want to waste his parent’s money on an education that seemed meaningless to him and worked as a technician at Atari, Inc. in 1972. In 1976, Jobs, and fellow college dropout Steve Wozniak, built the Apple I in his parent’s garage.
Larry Ellison
Name
Larry Ellison
Net Worth
$91 Billion (2022)
Source
Oracle Corporation
Dropout From
University of Chicago
Larry Ellison
Larry Ellison was once a dropout student, but now he was listed as one of the wealthiest people on the planet by Bloomberg Billionaires Index in July 2022. Larry Ellison attended South Shore High school and later enrolled as a pre-med student at the University of Illinois in Urbana-Champaign.
At the University, he was rewarded and named ‘Science student of the year. Unexpectedly, he hadn’t appeared for his final exams as his adoptive mother passed away. In 1966, he attended the University of Chicago for one term, where he learned computer design and technology, and later dropped out of it.
Larry Page, the co-founder of Google, found himself attracted to computers when he was 6 years old and even became the first kid in the rudimentary school to turn in an assignment from a word processor.
At the age of 12, he wanted to start a company by inventing new things and eventually developed an interest in technology and business. Larry Page was a radiant student in schooling as well as an undergrad. He did his schooling at Montessori Radmoor and East Lansing High School.
Page received a Bachelor of Science from the University of Michigan and a Master of Science from Stanford both in the field of computer science. After joining his: Ph.D. and he started his research in Computer Science at Stanford University and pursued his full-time interest in building the World Wide Web. However, in 1999 Larry couldn’t complete his Ph.D. degree and dropped out of college to focus more on his main aim.
Jan Koum
Name
Jan Koum
Net Worth
$13.3 Billion (2022)
Source
WhatsApp
Dropout From
San Jose University
Jan Koum
The co-founder of Whatsapp Jan Koum enrolled at San Jose State University because he was interested to learn to program. At the same time, he worked at Ernst & Young as a security tester. In 1997, He left his studies mid-way, because he was hired by Yahoo as an infrastructure engineer.
Evan Williams
Name
Evan Williams
Net Worth
$1.8 Billion (2022)
Source
Twitter
Dropout From
University of Nebraska
Evan Williams
In Clarks, Nebraska, Evan Williams was raised on family property. Before quitting, he spent three semesters enrolled at the University of Nebraska at Lincoln.
Williams worked as a contractor writing software for Hewlett-Packard and Intel and then also secured a position at Google. Later, he left his position at Google to start his entrepreneurial journey of establishing Twitter.
Jack Dorsey
Name
Jack Dorsey
Net Worth
$4.2 Billion (2022)
Source
Twitter
Dropout From
New York University
Jack Dorsey
A 1999 New York University dropout is the co-founder of Twitter and Square, two of the most talked-about firms in recent memory. Jack founded Twitter along with Ev Williams, Biz Stone, and Noah Glass after briefly working as a masseur and a fashion designer. At this time, Dorsey is valued around $5.6 billion.
The above graph shows the percentage of Forbes Billionaires by their educational institute type. The graph is made as per the data shared by entrepreneur.com and the study conducted by Wai & Rindermann.
Amancio Ortega
Name
Amancio Ortega
Net Worth
$61.6 Billion (2022)
Source
Inditex
Dropout From
School
Amancio Ortega
Amancio Ortega, dropped out of school at the age of 14, because his father was a railway worker and couldn’t afford much to pay. So, Amancio Ortega joined a local shirtmaker named ‘Gala’, which actually taught him how to make clothes by hand and inspired him to build one of the largest clothing retailer companies, Inditex, known for its chain of Zara and Bershka.
Orji Uzor Kalu was 19 years old when he was dismissed from the Nigerian university after being found instigating a series of student riots. In order to start trading goods like rice, sugar, and palm oil, he requested $35 from his mother.
By diversifying his investments, he became a millionaire by the age of 20. He was ranked by Forbes as the 49th richest person in Africa in 2015. He originally established SLOK Holding, a West African company with profit shareholding in shipping, banking, manufacturing, etc.
Michael Dell
Name
Michael Dell
Net Worth
$56.1 Billion (2022)
Source
Dell Technologies
Dropout From
University of Texas
Michael Dell
In 1983, Michael Dell was a student at the University of Texas, although he occupied much of his energy in his college dorm room updating and hawking devices. Dell founded PCs Ltd. at the age of 19, which eventually grew into Dell Computer Corporation in 1987.
He then obtained a license from the State of Texas to submit bids for big contracts after starting to sell upgrade modules for personal computers from his hostel. At the age of 27, Michael Dell was the youngest CEO on the Fortune 500 list. He currently has a net worth of almost $20 billion.
John Mackey
Name
John Mackey
Net Worth
$85 Million (2022)
Source
Whole Foods Market
Dropout From
Texas University
John Mackey
John Mackey studied Philosophy and Theology at Texas University, Austin in 1978. Renee Lawson Hardy and he first met when he enrolled in a vegetarian co-op at the university.
The couple dropped out of school and founded SaferWay, the first vegetarian supermarket in Austin. It ultimately paved the way for Whole Foods, the 30th leading retailer in the United States measured by revenues in 2014.
Azim Premji is another biggest entrepreneurs on the list of dropout entrepreneurs. is the son of a very famous businessman, who is also known as the Rice king of Burma, Mohamed Hashem Premji. Azim had to drop out of his education at Stanford because he had to take care of his family’s oil business after his father’s sudden demise.
Subsequently, Azim Premji became solely responsible to look after his father’s business in India. He completed his studies to get a Bachelor of science in electronic engineering degree from Stanford University after 30 years.
Kunal Shah
Name
Kunal Shah
Source
CRED
Net Worth
$809 Million (2022)
Dropout From
Narsee Monjee Institute of Management Studies
Kunal Shah
Kunal Shah graduated from Wilson College with a Bachelor of Arts in Philosophy. He then enrolled at the Narsee Monjee Institute of Management Studies for an MBA degree, which he ultimately left. His initial business was PaisaBack, which provided kickbacks from merchants. Among many of the top college dropout Indian entrepreneurs, Kunal Shah is one of the most well-known names.
He is a founding member of FreeCharge, a reputable internet recharge service. 2012 saw the launch of the business, which Snapdeal soon bought. With its first three recharges and matching-value incentives, FreeCharge completely changed the way that internet recharges work. He is currently known best for being the founder of one of India’s unicorn startups CRED.
Ritesh Agarwal
Name
Ritesh Agarwal
Net Worth
$1.1 Billion (2020)
Source
OYO Rooms
Dropout From
Indian School of Business & Finance, New Delhi
Ritesh Agarwal
One of the youngest Indian Billionaires, Ritesh Agarwal, the founder of OYO Rooms. He was from a middle-class family. He completed his higher schooling at St. John’s Senior Secondary School and moved to New Delhi for college in 2011.
But, shortly, he quit as his project idea of Oravel stays Pvt Ltd was selected by the Thiel Fellowship program in 2013, which granted 100,000 USD, with which he launched OYO rooms.
These are some of the most successful entrepreneurs who have found greatness despite not having the appropriate education. They serve as the best illustration that what you study doesn’t define you. It is your hard work and determination and passion that speaks for you.
FAQs
Who is the most successful dropout?
Bill Gates is the most successful dropout in terms of net worth. He possesses a net worth of $110.5 billion as of July 2022.
How many billionaires have no college degree?
As per the billionaire census by Wealth X (2015), about 3 out of the 10 billionaires have no proper college degree. Some of the most popular names who became successful without a proper college degree include Bill Gates, Mark Zuckerberg, Steve Jobs, Amancio Ortega, and more.
India is home to some insanely wealthy families and individuals well-known across the globe. India has the third largest group of rich people after the US and China. In 2022, the combined wealth of India’s 100 richest increased by $25 billion to touch $800 billion. StartupTalky has compiled an exhaustive list of the top richest people in India . Their net worth is based on the data from 2022 available on their respective Forbes profiles.
Founder – Adani Group Net Worth – $150 Billion Industry – Diversified
Gautam Adani, Founder of Adani Group | Top Richest Indians
Gautam Adani is an Indian billionaire industrialist and stands in the first position on the list of the top richest Indians in 2022. He is the chairman and founder of the Adani Group. The Adani Group is an Ahmedabad-based conglomerate involved in port development and operations in India. He is also the president of the Adani Foundation which operates to nurture communities in four chosen areas—education, healthcare, sustainable livelihood, and rural infrastructure development.
The Adani Group was formed in 1988 and has business interests in the resources, logistics, energy, agriculture, defence, and aerospace sectors. Gautam Adani holds a 66% stake in Adani Ports & SEZ Limited, a 75% stake in Adani Enterprises, a 73% stake in Adani Power, and a 75% stake in Adani Transmission. He was ranked as the 4th most powerful person in India by India Today Magazine in 2017.
Gautam Adani was born on 24 June 1962 in a Bania family in Ahmedabad, Gujarat. He did his schooling at Seth CN Vidyalaya in Ahmedabad. He is a B.Com dropout from Gujarat University. The Adani group’s venture into Australia after a nine-year wait is expected to bring huge windfalls for the billionaire.
Mukesh Ambani
Chairman – Reliance Industries Net Worth – $88 Billion Industry – Diversified
Mukesh Ambani – Chairman and Managing Director of Reliance Industries | Top Richest Indians
Mukesh Ambani is an Indian billionaire businessman and stands in the second position on this list, as of 2022. He is the chairman and managing director of Reliance Industries Limited (RIL). Reliance Industries mainly deals in refining, petrochemicals, and activities in the oil and gas sector. Mukesh Ambani has diversified his reach in the Indian market through several ventures, racing ahead in his net worth and influence exerted over India’s developing economy. Reliance Retail—which offers foods, groceries, apparel, footwear, lifestyle, home improvement products, electronic goods, and farm implements—is one of his group’s recent offerings. The Ambani family is also the owner of Mumbai Indians, an IPL franchise. Mukesh Ambani also owns Reliance Jio Infocomm Ltd. which took the telecom sector in India by storm and toppled the monopoly of the oldest players in the domain.
He was ranked 13th on the list of the world’s richest people as of May 2019. He has a stake of approximately 50% in Reliance Industries. Ambani surpassed Jack Ma, founder and executive chairman of Alibaba Group, to become Asia’s richest person with a net worth of $44.3 billion in July 2018. Mukesh Ambani is known to make headlines every now and then for the right reasons—Saudi Arabia-based Aramco buying a 20% stake in RIL for a whopping $15 billion, and him completing a 100% acquisition of Hamleys through Reliance Brands, a subsidiary of Reliance Industries.
Mukesh Ambani’s Life, Biography, and History
Mukesh is the oldest son of Dhirubhai Ambani and has a younger brother, Anil Ambani, whose downhill journey to oblivion is known to all. Mukesh Ambani was born on 19 April 1957 in Aden, Yemen and brought up in Mumbai. He graduated in Chemical Engineering from the Institute of Chemical Technology. He is an MBA dropout from Stanford University. Mukesh is a fan of Bollywood movies and watches three movies a week. He quips, “You need some amount of escapism in life.”
Radhakishan Damani
Founder – DMart Net Worth – $27.6 Billion Industry – Retail, Investments
Radhakishan Damani, Founder of DMart | Top Richest Indians
Radhakishan Damani founded the DMart chain of supermarkets. His retail chain accounts for more than 90 stores across India and is the third biggest in the industry. He has the ownership of a 65.2% stake in Avenue Supermarts, the parent company of DMart. His investment company, Bright Star Investments, holds another 16% stake.
Radhakishan Damani is known as Mr. White for his simplistic way of life coupled with high thinking. He is also a stock investor, broker, and trader. Radhakishan is well-known for his acumen and shrewdness as an investor.
Damani was born in 1945 in a Marwari family in Bikaner, Rajasthan. He enrolled for a bachelor’s degree in commerce but dropped out after the first year.
Cyrus Poonawala
Chairman – Poonawalla Group Net worth – $21.5 Billion Industry – Healthcare
Cyrus Poonawalla, Chairman of Serum Institute of India | Top Richest Indians
Cyrus Poonawalla is a self-made Indian tycoon. He is the founder of the Poonawalla Group. Cyrus comes from a family that is deeply connected with horse breeding. However, his keen interest in the field of medicine led him to create one of the world’s largest vaccine manufacturing and biotech companies – Serum Institute of India.
Cyrus Poonawalla was awarded the Padma Shri for his work and contributions made in the field of medicine. He was also awarded the Life Time Achievement award by the then-Prime Minister Of India, Dr. Manmohan Singh. With a net worth of $8.3 billion, Cyrus Poonawala is the 170th richest person on earth.
Shiv Nadar
Founder – HCL Net worth – $21.4 Billion Industry – Software Services
Shiv Nadar, Founder of HCL | Top Richest Indians
Shiv Nadar is the Chairman Emeritus and founder of HCL and established the Shiv Nadar Foundation. He is a prominent industrialist and philanthropist. Nadar has committed more than $1 billion to philanthropy. He is ranked 5th in the Forbes list of richest persons in India (2022).
Nadar founded HCL in 1976. Nadar was honoured with the third highest civilian award, Padma Bhushan, by the Government of India in 2008. Madras university conferred upon Shiv Nadar an honorary doctorate degree in the year 2007. He was present in Forbes’ 48 Heroes of Philanthropy in the Asia Pacific in 2011.
Nadar was born on 14 July 1945 in Tamil Nadu. He currently lives in New Delhi. He pursued his degree in Electrical and Electronics Engineering from Coimbatore. Nadar is called “Magus” by his friends (meaning ‘wizard’ in Persian).
Savitri Jindal
Chairperson – O.P. Jindal Group Net Worth – $16.4 Billion Industry – Metals and Mining
Savitri Jindal, Chairperson of O.P. Jindal Group | Top Richest Indians
Savitri Jindal is the Chairperson Emeritus of the Jindal group that deals with steel, power, mining, and the oil and gas domains. The Jindal group is well-known in the manufacturing industry (every Indian knows about Jindal Steels). Savitri took over the company after the death of her husband OP Jindal in 2005 who founded the Jindal Group. After taking charge as the chairperson, the revenue of the company quadrupled.
Savitri Jindal is the richest woman in India. She was the world’s 453rd richest person in 2016. She is also the world’s seventh-richest mother. Savitri was a Minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency.
She was born in Tinsukia, Assam and presently lives in Hisar, Haryana. She holds a diploma degree in Education. Her son Naveen is constantly in the limelight for his success as a businessman. She has nine children with Om Prakash Jindal.
Dilip Shanghvi
Founder – Sun Pharmaceuticals Net Worth – $15.5 Billion Industry – Healthcare
Dilip Sanghvi, Founder of Sun Pharma | Top Richest Indians
Dilip Sanghvi is the founder of Sun Pharmaceuticals which manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. He started the company in Vapi in 1982 with a capital of Rs. 10,000. Sun Pharma is the largest pharmaceutical company in India and the fifth largest in the world. Its drugs have always been in high demand with the major markets being India, the USA, and Japan.
Dilip Sanghvi was honoured with the Padma Shri in 2016. He is also a trustee of the Rhodes scholarship programme at Oxford University. He was appointed by the Indian government to the RBI’s 21-member central board committee.
Dilip Sanghvi was born on 1 October 1955, in Amreli, Gujarat. He pursued B.Com from the University of Calcutta. He did his schooling and graduated from J. J. Ajmera High School and Bhawanipur Education Society College respectively. Dilip Sanghvi is unanimously considered the richest businessman in the drug and pharma sector.
Hinduja Family
Ownership – Hinduja Group Net Worth – $15.2 Billion Industry – Diversified
Hinduja Family, Hinduja Group | Top Richest Indians
The Hinduja Group is one of the biggest Indian businesses with a strong international presence. Founded by Parmanand Deepchand Hinduja, the company is now run by his sons Shrichand, Gopichand, Prakash, and Ashok. Though the Hindujas are Indians, they have soaked in success while staying outside the country. The company headquarters is situated in London. This is also the reason behind the Hinduja Group featuring among the wealthiest companies in Britain.
Kumar Managalam Birla
Chairman – Aditya Birla Group Net Worth – $15 Billion Industry – Diversified
Kumar Birla, Chairman of Aditya Birla Group | Top Richest Indians
Kumar Birla is an Indian industrialist and the chairman of the Aditya Birla group. He is an educationist as well. Kumar Birla is the chancellor of the Birla Institute of Technology & Science (BITS). He is the chairman of IIT Delhi, IIM Ahmedabad, and the chairman of the Rhodes India Scholarship Committee for Oxford University. Kumar serves on the Asia Pacific Advisory Board of the London Business School and is an honorary fellow of the London Business School.
Kumar Mangalam Birla handed over the reins of the Birla Group at the age of 28 after the demise of his father in 1998. Under him, the company expanded from being valued at $3.33 billion in 1995 to $41 billion in 2015. He was felicitated with the “CEO of the Year” award by the International Advertising Association, and the Economic Times’ “Business Leader Award” in 2003 and 2013.
He was born on 14 June 1967 in Calcutta and brought up in Mumbai. He studied B.Com from the HR College of Commerce and Economics, has an MBA degree from the London Business School, and is a chartered accountant from the ICAI (India).
Bajaj Family
Ownership – Bajaj Group Net worth – $14.6 Billion Industry – Diversified
Bajaj Family Owners of Bajaj Group | Top Richest Indians
The Bajaj Group owns 40+ companies and the group’s flagship company—Bajaj Auto is ranked as the fourth largest two- and three-wheeler manufacturer in the world. The Bajaj Group is involved in industries such as home appliances, lighting, iron and steel, insurance, travel, and finance.
Bajaj Group was founded by a Rajasthani Marwari businessman, Jamnalal Bajaj, in 1926. Rahul Bajaj, the grandson of Jamnalal Bajaj, the late patriarch and former chairman, shared the family fortune with cousins. Following the passing of the patriarch in February 2022, Rajiv Bajaj, Rahul Bajaj’s older son, now leads Bajaj Auto, while Sanjiv Bajaj, Rahul Bajaj’s younger son, manages Bajaj Finserv—the family’s most significant asset.
Sanjiv Bajaj, Chairman and MD of Bajaj Finserv, leads the financial conglomerate within the Bajaj Group with 9M consolidated revenue of over Rs 58,447 crore ($7.14 billion)* and Rs 4,648 crore ($568 million)* profit after tax for FY2022-23. Under his leadership, Bajaj Finserv has emerged as a leading diversified financial services company in India, offering lending, insurance, and wealth advisory solutions.
Sanjiv Bajaj chairs Bajaj Finance, Maharashtra Scooters, Bajaj Finserv Asset Management, and Bajaj Housing Finance, among others. His contributions to the financial services sector have been widely recognized, including being honored as AIMA’s Transformational Business Leader 2023, among other prestigious honors.
Founder – Bharti Enterprises Net Worth – $14.5 Billion Industry – Telecom
Sunil Mittal, Founder of Bharti Enterprises | Top Richest Indians
Sunil Mittal is the founder of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agriculture, and food. He was among the early birds who identified the potential in the mobile telecom business and came up with Airtel; Sunil dominated the telecom segment in India through Airtel until Mukesh Ambani stepped in with Jio. Bharti Airtel, a subsidiary of Bharti Enterprises, manages Airtel and is currently focusing on Asia and the African regions.
Sunil Mittal was awarded the Padma Bhushan in the year 2007. He was then elected as chairman of the International Chamber of Commerce in 2016. He is no stranger to laurels and recognition, having been the recipient of awards like Telecom Person Of The Year by Telecom Asia Awards, and Business Leader Of The Year by Economic Times to name a few.
Born on 23 October 1957 in Ludhiana, Punjab, he completed his education at Arya College and Punjab University. At the age of 18, he started his first business by borrowing Rs. 20000 from his father. His father was an MP from Ludhiana.
Uday Kotak
Founder – Kotak Mahindra Bank Net Worth – $14.3 Billion Industry – Finance and Investments
Uday Kotak, Founder, MD, and CEO of Kotak Mahindra Bank | Top Richest Indians
Uday Kotak is the founder, MD, and CEO of Kotak Mahindra Bank Ltd. Kotak Mahindra Bank. Anand Mahindra lent Rs. 1 lakh to Uday Kotak to start a financial services firm 30 years ago.
He was recognized as the “Most Powerful Person in The Financial World” by Forbes in May 2016. India Today magazine ranked him 8th in India’s most powerful person list of 2017. He was also the Ernst and Young World Entrepreneur of the Year in 2014.
Born on 15 March 1959 in Mumbai, Uday Kotak was brought up in an upper-middle-class Gujarati-Lohana joint family. He pursued his bachelor’s degree from Sydenham College of Commerce and Economics and holds an MBA degree from Jamnalal Bajaj Institute. He is a math wizard and topped his university in B.Com.
Shapoor Mistry and Family
Chairman – Shapoorji Pallonji Group Net Worth – $14.2 Billion Industry – Diversified
Shapoor Mistry, Chairman of Shapoorji Pallonji Group | Top Richest Indians
After the death of Pallonji Shapoorji Mistry and his younger son, Cyrus Mistry earlier in 2022, Shapoor Mistry (Pallonji Shapoorji’s elder son) now runs the Shapoorji Pallonji Group. He serves as the Chairman of the Shapoorji Pallonji Group. The family holds also holds an 18.4% stake in Tata Sons.
Shapoor Mistry, the patriarch’s older son and group Chairman, now oversees the family’s $14.2 billion fortune, which is primarily derived from a minority stake in the sprawling Tata conglomerate.
Godrej Family
Ownership – Godrej Group Net Worth – $13.9 Billion Industry – Diversified
Adi Godrej, Chairman Emeritus of Godrej Group | Top Richest Indians
The Godrej company has existed since 1897 and is present in almost every imaginable sector of the Indian economy. The company was founded by Pirojsha and Ardeshir Godrej. The empire is now run by their grandsons Adi, Nadir, and Jamshyd. Adi Burjorji is the head of the Godrej family and the chairman of the Godrej Group. He has been the chairman of the Indian School of Business since April 2011.
Ardeshir decided to make locks after seeing the crime rates in 1897. His brother joined him in his venture and the rest is history. Smita Godrej is a third-generation heir of the Godrej family. On a lighter note, almost every family in India still has a Godrej almirah that’s at least 20 years old!
Lakshmi Mittal
Chairman – ArcelorMittal Net Worth – $13.8 Billion Industry – Metals and Mining
Lakshmi Mittal, Founder and Chairman of ArcelorMittal | Top Richest Indians
Lakshmi Niwas Mittal is an Indian steel magnate, Founder, and Chairman of ArcelorMittal. He is the owner of Karrick Limited and the co-owner of Queens Park Rangers F.C. He is popularly known as the King of Steel. In 2007, he became the richest Asian in Europe. His empire has been subjected to a minor slowdown after the acquisition of an Italian company but Lakshmi Mittal continues to grow every day with his companies consistently reporting double-digit growth year in, and year out.
Lakshmi Niwas Mittal is on the board of directors of the European Aeronautic Defence and Space Company. He is a member of the independent board of directors at Goldman Sachs since 2008. He is also associated with several charities and firmly supports the development of Indian athletes.
Lakshmi Mittal was born on 15 June 1950 in Sadulpur, Rajasthan to a traditional Marwari family. He currently resides in London. He pursued his B.Com degree from St. Xavier’s College, Calcutta. Mittal is known for his lavish lifestyle and incredible success statement; the steel tycoon spent approximately $60 million on his daughter Vanisha Mittal’s nuptials. The spectacle features in Forbes’ top ten most outrageous billionaire weddings.
Madhukar Parekh
Chairman – Pidilite Industries Net Worth – $12.6 Billion Industry – Manufacturing
Madhukar Parekh, Chairman of Pidilite | Top RIchest Indians
Madhukar Balvantray Parekh is the chairman and executive director of Pidilite Industries, an organization dealing in adhesives and construction chemicals. Fevicol, Dr. Fixit, M-Seal, Fevikwik, and Fevistik are some of the big names in the Pidilite chain.
Parekh serves as the Chairman, executive director, and MD of Vinyl Chemicals India Limited. He is also an independent non-executive director of Excel Industries Limited. Under his leadership, the company won many prestigious awards such as the ‘Most Promising Company of the Year’ at CNBC, and the 11th India Business Leader Awards.
Madhukar was born in 1945 in Mumbai. He currently lives in Mumbai. Parekh is a Gold medalist holder from the Institute of Chemical Technology (ICT), a leading chemical technology research institute in India. His father Balvantray Kalyanji Parekh was the founder of Pidilite Industries. Balvantray was popularly known as ‘India’s Fevicol Man’.
Burman Family
Ownership – Dabur India Net Worth – $9.6 Billion Industry – Consumer Goods
Burman Family, Dabur | Top Richest Indians
The Burman family is responsible for giving us Indians Dabur Chyawanprash, a health product that graces the kitchen shelf of every other Indian. An Ayurvedic practitioner Dr. S.K. Burman started the business in the 1880s. His son then went on to set up a research and development facility and also began the mass production of medicines in 1884. Dabur Ltd. is presently handled by the fifth generation of the Burman household. However, Fresenius SE which is based out of Germany controls more than 73.3% of Dabur Pharma Ltd.
Azim Premji
Founder – Wipro Net Worth – $9.3 Billion Industry – Technology
Azim Premji – Founder of Wipro | Top Richest Indians
Azim Premji is referred to as the Czar of the Indian IT Industry. He is an Indian billionaire, business tycoon, investor, philanthropist, and the founder of India’s third-largest software company—Wipro Limited. Wipro Limited is an India-based IT, consulting, and business process services (BPO) company headquartered in Bengaluru, India. Azim Premji is also the richest person in Karnataka.
The Government of India honoured Azim Premji with Padma Bhushan in 2005 and awarded him the Padma Vibhushan, the second highest civilian award, in 2011 for his excellent work in the field of trade and commerce.
Premji was born on 24 July 1945 in Mumbai and currently resides in Bangalore. Premji pursued Electrical Engineering (equivalent to a Bachelor of Engineering) from Stanford University, USA. He took over his family’s cooking oil business after the death of his father in 1966. He is also the first Indian to sign up for The Giving Pledge, a campaign led by Bill Gates and Warren Buffett. The Giving Pledge focuses on encouraging the wealthiest individuals to give away most of their money to philanthropic causes.
Kushal Pal Singh
Former Chairman – DLF Ltd. Net Worth – $8.8 Billion Industry – Real Estate
Kushal Pal Singh, Chairman Emeritus of DLF | Top Richest Indians
Kushal Pal Singh is the former CEO and chairman of DLF Limited. DLF Ltd. (Delhi Land and Finance) is India’s largest commercial real estate developer. DLF Limited was founded by his father-in-law Chaudhary Raghvendra Singh.
Singh was honoured with Padma Bhushan Award on 26 January 2010 by the Government of India. He was recognized by Forbes magazine as the richest real estate baron and the eighth richest person in the world on 24 March 2008.
KP Singh was born on 15 November 1931 in Uttar Pradesh. He did Aeronautical Engineering in the UK and was also selected for the Indian Army by the British Officers Services Selection Board, UK. An Autobiography named ‘Whatever the Odds: The Incredible Story Behind DLF’ was launched in 2011.
Ashwin Dani
Non-Executive Director – Asian Paints Ltd. Net worth – $8.4 Billion Industry – Manufacturing
Ashwin Dani, Non-Executive Director of Asian Paints | Top Richest Indians
Ashwin Dani is a businessman and the non-executive Director of India’s largest paint company, Asian Paints Ltd. His full name is Ashwin Suryakant Dani. He won the Color Society Lifetime achievement award in the year 2012.
Ravi Jaipuria
Chairman – RJ Corp Net worth – $8.1 Billion Industry – Manufacturing
Ravi Jaipuria, Chairman of RJ Corp | Top Richest Indians
Ravi Jaipuria is an Indian billionaire businessman and Chairman of RJ Corp. Under RJ Corp, he manages Devyani International which operates many large beverage and fast food brands like KFC, Pizza Hut, and more.
Varun Beverages, the other listed company under RJ Corp, is the second-largest bottling partner for PepsiCo’s soft drink brands. Ravi is famously known as India’s cola king.
Kuldip Singh & Gurbachan Singh Dhingra
Owners – Berger Paints India Net worth – $6.8 Billion Industry – Manufacturing
Kuldip Singh (left) and Gurbachan Singh Dhingra, Berger Paints | Top Richest Indians
The brothers control India’s second-largest paint maker company, Berger Paints. Kuldip Singh and Gurbachan Singh bought Berger from Vijay Mallya. Kuldip Singh serves as the Chairman and Gurbachan Singh Dhingra serves as the Vice Chairman of Berger Paints India.
Vikram Lal
Founder – Eicher Motors Net Worth – $6.6 Billion Industry – Automotive
Vikram Lal, Founder and Former CEO of Eicher Motors | Top Richest Indians
Vikram Lal is the founder and former CEO of Eicher Motors which manufactures motorcycles and commercial vehicles. He is also the president of Common Cause, a public interest NGO pursuing major issues relating to reform, governance, and the enforcement of the law.
Eicher Motors is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. Eicher Motors holds a majority stake of 60% in Royal Enfield. His son Siddharth Lal is the current CEO of Eicher Motors and Royal Enfield.
Lal was born in 1942 in Delhi and presently lives in Delhi. He pursued his Bachelor’s in Mechanical Engineering from Technical University Darmstadt in West Germany. He is also on the board of directors of ‘The Doon School’. His NGO, Goodearth Education Foundation (GEF), has been working with state governments and other NGOs in primary education for more than 10 years.
Mahendra Choksi
Company – Asian Paints Net worth – $6.5 Billion Industry – Manufacturing
Mahendra Choksi is the son of one of the four co-founders of Asian Paints. Family patriarch Ashwin Choksi, under whom the fortune was previously listed, died in September 2018. Mahendra is the late Ashwin Choksi’s brother. Mahendra’s son, Manish, is the company’s non-executive vice chairman.
Murali Divi
Founder – Divi’s Laboratories Net Worth – $6.45 Billion Industry – Healthcare
Murali Divi, Founder of Divi’s Laboratories | Top Riches Indians
Murali Divi is a U.S.-trained scientist who founded generics maker Divi’s Laboratories 30 years ago as a drug research firm. Today, Divi’s Laboratories is among the world’s top suppliers of active pharmaceutical ingredients. The company’s revenue is estimated to be $1.2 billion in 2022.
Sudhir & Samir Mehta
Owners – Torrent Pharma Net worth – $6.4 Billion Industry – Healthcare
Sudhir and Samir Mehta, Torrent Pharma | Top Riches Indians
Sudhir Mehta and Samir Mehta changed the fortunes of a struggling Trinity laboratory by manifesting it into Torrent Pharma. Torrent has a solid presence in Russia, Brazil, and many other European countries. The Torrent group also tried its hands at generating electricity; today, Torrent Power has a 2,101 Mw generation capacity and distributes power to 2.76 million customers in parts of Gujarat.
Vinod & Anil Rai Gupta
Owners – Havells India Net worth – $6.3 Billion Industry – Manufacturing
Anil and Vinod Rai Gupta, Havells | Top Richest Indians
Havells was founded by Qimat Rai Gupta. Anil Rai is the son of Vinod Gupta (wife of the late Qimat Gupta). Together they own 60% of Havells India, their primary source of wealth. Havells makes everything—from electrical equipment and lighting products to washing machines and refrigerators. The company’s products are available in more than 60 countries in the world.
Hasmukh Chudgar
Founder – Intas Pharmaceuticals Net worth – $6.2 Billion Industry – Pharmaceuticals
Hasmukh Chudgar, Founder of Intas Pharmaceuticals | Top Richest Indians
With a net worth of $6.3 billion, Chudgar is placed at 28th position on the list of India’s richest persons. Hasmukh Chudgar founded the generics maker Intas Pharmaceuticals in 1977. Intas bought the Irish and UK assets of Israeli firm Teva Pharmaceuticals for $764 million in October 2016.
Benu Gopal Bangur
Chairman – Shree Cement Net Worth – $6 Billion Industry – Manufacturing
Benu Gopal Bangur, Chairman of Shree Cement | Top Richest Indians
The Bangur business empire came into existence in the year 1979. Gopal Bangur is the owner of Shree Cement, the leading cement producer in India. He is also the Chairman of the board of NBI Industrial Finance Co. Ltd. and the director of Khemka Properties Pvt. Ltd. Gopal is ranked 29th on the list of richest people in India by Forbes.
Benu Bangur holds a 65% stake in Shree Cement. Shree Ultra Ordinary Portland Cement, Shree Ultra Jung Rodhak, Bangur Cement, and Tuff Cemento 3556 are the crown jewels of Shree Cement.
Bangur was born in 1931 in Kolkata to a Marwari business family. He is a widow with two children and currently resides in Kolkata. Benu has a Bachelor’s degree in Commerce from Calcutta University. He runs a Sanskrit school to promote Indian heritage and culture.
Rekha Jhunjhunwala
Company- Rare Enterprises Net Worth – $5.9 Billion Industry – Finance and Investments
Rekha Jhunjhunwala | Top Richest Indians
After Rakesh Jhunjhunwala’s (popularly referred to as the Indian Warren Buffet and the Big Bull of the Indian Share Market) death in August 2022, his wife, Rekha Jhunjhunwala replaced him on the list of India’s richest people. She inherited a valuable stock portfolio from her late husband and stands in the 30th position on Forbes India’s rich list. Their portfolio includes popular names like Titan, Star Health and Allied Insurance, Crisil, and more.
Murugappa Family
Company- Murugappa Group Net Worth – $5.8 Billion Industry – Diversified
M M Murugappan, Chairman of Murugappa Group | Top Richest Indians
The Murugappa family owns and manages the Murugappa Group, a conglomerate founded in 1900. The Group was founded by Dewan Bahadur A. M. Murugappa Chettiar. Murugappa Group is involved in diversified businesses like engineering, agriculture, financial services, and more. At present, M M Murugappan serves as the Chairman of the Group.
Harsh Mariwala
Chairman – Marico Net worth – $5.7 Billion Industry – Consumer Goods
Harsh Mariwala, Chairman of Marico | Top Richest Indians
Harsh Mariwala started Marico, the consumer goods company which deals in health and beauty products. Popular hair products like Set Wet, Livon, and Nihar are some of Marico’s offerings. Harsh Mariwala is also the founder of Kaya skincare Ltd. Mariwala’s net worth is $5.7 billion and he has been ranked as the 32nd wealthiest Indian by Forbes.
Vijay Chauhan
Chairman – Parle Products Net worth – $5.5 Billion Industry – Food and Beverage
Vijay Chauhan, Chairman of Parle Products | Top Richest Indians
Vijay Chauhan is the patriarch of the family that controls Parle Products. He serves as the chairman of the company. Parle Products Company was founded in 1929 by Mohanlal Chauhan. The company is famous for its most popular product, Parle G glucose biscuits. At present, he, along with Raj Chauhan and Sharad Chauhan, controls and manages the company.
Founders – Macleods Pharmaceuticals Net Worth – $5.45 Billion Industry – Healthcare
Girdhari Lal (in picture), Rajendra Agarwal, and Banwari Lal Bawri, Macleods | Top Richest Indians
Girdhari Lal Bawri, Rajendra Agarwal, and Banwari Lal Bawri belong to a family that owned a pharmacy in Jaipur and made anti-TB medicines. The privately held company, Macleods Pharmaceutical, now produces generics for a range of diseases, including asthma, osteoporosis, and diabetes. Agarwal, the youngest sibling, is a qualified doctor and the company’s managing director. Older brothers Girdhari Lal and Banwari Lal are chairman and joint managing director respectively.
M.A. Yusuff Ali
Founder – LuLu Group International Net worth – $5.4 Billion Industry – Fashion and Retail
M.A. Yusuff Ali, Founder of LuLu Group International | Top Richest Indians
M.A. Yusuff Ali is the founder and MD of LuLu Group International. The Lulu Group owns various malls and hypermarkets all around the world. After completing his studies, Yusuff shifted to Abu Dhabi and joined his uncle in his business. He launched the first Lulu store in 1990 and hasn’t looked back since then. The business tycoon is aggressively expanding his chain of malls in India with states like Kerala being the entry point.
Vakil Family
Company – Asian Paints Net worth – $5.2 Billion Industry – Manufacturing
Nehal Vakil (in picture) Vakil Family, Asian Paints | Top Richest Indians
Abhay Vakil, the son of Arvind Vakil (one of the co-founders of Asian Paints), was an Indian billionaire businessman and a non-executive director of Asian Paints Ltd. Brothers Abhay and Amar Vakil passed away in the year 2021, and now the third generation of the Vakil family runs Asian Paints. Nehal Vakil, Abhay Vakil’s daughter, became a non-executive director of the company after her father’s demise.
The Vakil Family stands at the 36th position on the Forbes list of the richest Indians in 2022.
Mangal Prabhat Lodha
Founder – Macrotech Developers Net worth – $5.1 Billion Industry – Real Estate
Mangal Prabhat Lodha, Founder of Macrotech Developers | Top Richest Indians
Mangal Prabhat Lodha is an Indian businessman and politician. He founded Lodha Group, now Macrotech Developers, a Mumbai-based real estate developer in 1980. He started the group by building middle-class homes in Mumbai’s suburbs.
He is the Minister of Ministry of Tourism, Ministry of Skill Development and Entrepreneurship, Maharashtra. He was also the president of the Bharatiya Janata Party’s Mumbai unit.
Kapil & Rahul Bhatia
Company – InterGlobe Enterprises Net worth – $4.9 Billion Industry – Service
Kapil and Rahul Bhatia (in picture), IndiGo Airlines | Top Richest Indians
Rahul Bhatia is the co-founder and non-executive director of IndiGo airlines. He is also the group managing director of InterGlobe Enterprises. It is a privately held firm which has vested interests in the airline, travel, and hotel segments. He won awards such as the Ernst & Young Entrepreneur of the Year Award and the Economic Times Entrepreneur of the Year award. Kapil Bhatia is Rahul Bhatia’s father and the joint owner of InterGlobe Aviation. The father-son duo’s net worth is $4.9 billion, as of 2022.
Pavan and Vivek Jain
Company – INOX Group/ INOXGFL Group Net worth – $4.55 Billion Industry – Manufacturing
Pavan and Vivek Jain, INOX | Top Richest Indians
In 2021, Devendra Jain divided the family’s assets in Inox Group between his two sons, Pavan and Vivek Jain. Pavan is the elder son and serves as the Chairman of the Inox Group, which includes medical gas maker Inox Air Products and movie theatre chain Inox Leisure Ltd. Vivek on the other hand is chairman of the InoxGFL group which includes chemical maker Gujarat Fluorochemicals; Inox Wind and wind farm maintenance company Inox Green Energy Services.
Singh Family
Company – Alkem Laboratories Net worth – $4.5 Billion Industry – Healthcare
Singh Family, Alkem Laboratories | Top Richest Indians
The Singh family inherited a majority stake in Alkem Laboratories after its founder Samprada Singh passed away in July 2019. Alkem Laboratories is one of the top generics companies in India with more than 20 factories across India and the US. At present, Basudeo Narain Singh, Singh’s cousin is the Executive Chairman of the company.
N.R. Narayana Murthy
Company – Infosys Net worth – $4.3 Billion Industry – Technology
N.R. Narayana Murthy, Infosys | Top Richest Indians
N.R. Narayana Murthy is one of the founders and chairman emeritus of the Indian multinational information technology company, Infosys. He served as the CEO, Chairman, President, and chief mentor of the company before his retirement. Time magazine and CNBC have described Murthy as the “father of the Indian IT sector” for his great contribution to outsourcing in India.
He has also been honoured with the Padma Vibhushan and Padma Shri, the prominent civilian awards of the Republic of India.
Ramesh Juneja
Company – Mankind Pharma Net worth – $4.2 Billion Industry – Healthcare
Ramesh Juneja, Chairman of Mankind Pharma | Top Richest Indians
Ramesh Juneja co-founded Mankind Pharma, one of the leading pharmaceutical companies in India, with his brother Rajeev Juneja in 1995. He is currently the Chairman of Mankind Pharma. Ramesh Juneja has held different positions in many pharmaceutical companies in India, like KeePharma Ltd., Lupin, etc.
He is now one of the richest Indians, ranking 42nd on the Forbes List of the Top 100 Richest Indians, 2022.
P.P. Reddy
Chairman – Megha Engineering & Infrastructure Net worth – $4.1 Billion Industry – Engineering and Infrastructure
P.P. Reddy, Chairman of Megha Engineering & Infrastructure | Top Richest Indians
Megha Engineering & Infrastructure was founded in 1989 by P.P. Reddy, a farmer’s son, to make small pipes for the municipality. P.P. Reddy later expanded his business to build infrastructure projects. His nephew, P.V. Krishna Reddy, who joined P.P. Reddy in 1991, runs the company.
Falguni Nayar
Founder – Nykaa Net worth – $4.08 Billion Industry – Beauty and Lifestyle
Falguni Nayar, Founder and CEO of Nykaa | Top Richest Indians
Falguni Nayar is an Indian businesswoman who is famously known as the founder and CEO of Nykaa, the leading beauty and lifestyle retail company in India. Nayar founded Nykaa in 2012 with $2 million of her own money, and by 2020, it had become India’s first unicorn startup led by a woman. Nykaa opened its IPO in October 2021, which made Nayar the first Indian woman to lead the public listing of a startup.
Falguni has a net worth of $4.08 billion (2022) and is one of the two self-made female Indian billionaires, the other being Kiran Mazumdar Shaw.
Muthoot Family
Company – Muthoot Finance Net Worth – $4.05 Billion Industry – Financial Services
Muthoot Family | Top Richest Indians
Muthoot Group was founded in 1887. India’s leading lender against gold, Muthoot Finance, is managed and controlled by the Muthoot family. Shri George Jacob Muthoot is the current group chairman of the Muthoot Group of companies.
Chandru Raheja
Company – Mindspace Business Parks REIT (backed by K Raheja Corp.) Net Worth – $4 Billion Industry – Real Estate
Chandru Raheja, Chairman of K Raheja Corp. | Top Richest Indians
Chandru Raheja is an Indian billionaire businessman and the chairman of K Raheja Corp. He formed K Raheja Corp. in 1996, which is involved in the development of IT parks, hotels, and malls, as well as the operation of department store chains such as Shoppers Stop. The company’s important projects include JW Marriott in Mumbai, Inorbit Mall, Mindspace, etc.
Yusuf Hamied
Non-Executive Chairman – Cipla Net worth – $3.9 Billion Industry – Pharmaceuticals
Yusuf Hamied, Non-Executive Chairman of Cipla | Top Richest Indians
Cipla was founded in 1935 by Yusuf’s father Khwaja Abdul Hamied, who passed away in 1972. Yusuf Hamied and his brother then took over the family business. In 2020, Cipla launched a range of drugs to treat Covid-19, including a generic version of Remdesivir manufactured under a license from Gilead Sciences.
Sridhar Vembu and Siblings
Company – Zoho Corporation Net worth – $3.8 Billion Industry – Technology
Sridhar Vembu (in picture) and Siblings, Zoho Corporation | Top Richest Indians
Sridhar Vembu is the founder and CEO of Zoho Corporation, a technology company that makes computer software and web-based business tools. Sridhar owns a majority stake in Zoho with his siblings.
Vembu was awarded the Padma Shri, the fourth-highest civilian award of the Republic of India, in 2021.
Pankaj Patel
Chairman – Zydus Lifesciences Net worth – $3.77 Billion Industry – Pharmaceuticals
Pankaj Patel, Chairman of Zydus Lifesciences | Top Richest Indians
With the title of “Best Pharma Man of the Year 2003” under his belt, Pankaj Patel undoubtedly deserves the respect he gets. Pankaj is popularly known as a “pharma magnate.” He is the current chairman of Zydus Lifesciences Limited, the leading pharmaceutical company in India. He is also the founder and chairman of Zydus Hospitals.
Ravi Modi
Company – Vedant Fashions Net worth – $3.75 Billion Industry – Fashion and Retail
Ravi Modi, Founder of Vedant Fashions | Top Richest Indians
Ravi Modi founded Vedant Fashions, a manufacturer of Indian ethnic wear, in 2002, and the company went public in 2022. He serves as the Chairman and Managing Director of the company. The company’s flagship brand, Manyavar, is famous all over India and is the category leader in the branded Indian wedding and celebration wear market.
The Indian stock market has become one of the most dynamic business spaces wherein all the stakeholders have the same hope and expectations. The way it functions and reaps losses and profits has always been a site of great interest for all budding investors. There are a large number of people who carefully follow investors and their investing strategies along with the stock. There is absolutely no doubt that the ways in which investors make money out of the equity market give immense inspiration to budding investors. This article will discuss some of the top investors in the Indian stock market along with their general merits and investment strategies.
Value of Change in Stocks in GDP at Current Prices India (FY 2016-2022)
Rakesh Jhunjhunwala
Net worth: $5.8 billion Portfolio and Holdings: Titan, CRISIL Ltd., Metro Brands Ltd., Nazara Technologies, Ltd., Aptech Ltd., Agro Tech Foods Ltd., and more
Rakesh Jhunjhunwala – Top Investors in the Indian Stock Market
Known as the Indian Warren Buffet, Rakesh Jhunjhunwala has his investments net worth rising above Rs 31,833 crore by 2022. His death on August 14, 2022, was indeed a loss to the whole of the Indian stock market. This billionaire business magnet started investing with merely Rs.5000 in 1985. As of 2022, his holding in Titan alone is worth Rs. 11,000 crores. Rakesh Jhunjhunwala and Associates publicly hold 32 stocks. Apart from being a staunch investor, he also held many positions of power as a chairman and member of the board of directors of various reputed companies. In 2021, Jhunjhunwala invested $35 million for a 40% stake in Akasa Air. He is the co-founder of this new ultra-low-cost Indian airline.
Net Worth: $20.4 billion Portfolio and Holdings: United Breweries Ltd., India Cements, 3M India Ltd., Blue Dart Express Ltd., Avenue Supermarts Ltd., and more
Radhakishan Shivkishan Damani – Top Investors in the Indian Stock Market
Radhakishan Shivkishan Damani is a billionaire investor hailing from Bikaner who is also the founder of DMart. He is an astute investor in the Indian stock market with his portfolio net worth running up to Rs. 161,356 crores. He manages his portfolio through his investment firm called Bright Star Investments Limited. In 2022, he was ranked as the 98th richest person in the world. His prudence as an investor is evident in the way his stocks have grown over the years. His stocks rose from Rs. 157.65 crores to Rs. 322.65 crores in the last year. This doubling happened at a time when the Indian stock market was at its weakest after the Russia-Ukraine war. His careful investments not only help him but also other shareholders as well.
Azim Premji
Net Worth: $9.8 billion Portfolio: Wipro Ltd., Tube Investments of India, Balrampur Chini Mills Ltd.
Azim Premji – Top Investors in the Indian Stock Market
Azim Premji is an Indian investor, businessman and engineer primarily known for his valuable contribution to the growth of the internationally acclaimed company, Wipro. He founded PremjiInvest which focuses on private equity and venture capital investments. Azim was one of the richest people in India before he gave up a large part of his personal wealth for charity. He was also the first Indian to sign the Giving Pledge, which is an initiative by Warren Buffet and Bill Gates that urged the rich people in the world to commit to giving their wealth to society as charity. In 2020 alone, he donated over $70 million to charity.
Mohnish Pabrai
Net Worth: $148.3 million Portfolio: Edelweiss Financial, Rain Industries, Suntech Realty
Mohnish Pabrai – Top Investors in the Indian Stock Market
An ardent follower of Warren Buffet, Mohnish Pabrai is an Indian-American investor. He is also the founder of the investment firm named Pabrai Investment Funds. Founded in 1999, his firm has given a return of a whopping 517%. Pabrai’s investment strategies are known to be focused on low-risk, high-certainty stocks and invest in companies that are well-managed with minimal downsides. He has a portfolio value of over Rs.1,875.9 crores holding three stocks. With the goal of giving back what they had to society, Monish Pabrai along with his wife started Dakshana Foundation which helps poor students from rural and semi-urban government schools to crack competitive exams like JEE.
Vijay Kedia
Net Worth: $96.7 million Portfolio: Tejas Networks Ltd., Vaibhav Global Ltd., Elecon Engineering Company, and more
Vijay Kedia – Top Investors in the Indian Stock Market
Popularly known as the “Market Master”, Vijay Kedia is an Indian investor hailing from Kolkata. He has been in the market since he was 19 years old. The investment strategy of Kedia is widely called SMILE which expands itself to – Small in size, Medium in experience, Large in aspiration and Extra-large in market potential. He invests only after doing a deep study of the management of the respective company and the ways in which it functions. He believes that it is important to wait and invest for a long time to gain better benefits. From 2000 to 2022, some of his shares have grown by over 47,150% which shows the vision with which the investor invests in each and every stock.
Nemish Shah
Net Worth: $216 million Portfolio: Lakshmi Machine Works Ltd., EID Parry (India) Ltd., Bannari Amman Sugars Ltd., and more
Nemish Shah – Top Investors in the Indian Stock Market
Nemish Shah is one of the finest investors who follow strategies very similar to Warren Buffet. He is also the co-founder of ENAM. It was founded in 1984 as a broking entity. The organisation have played a pivotal role in various significant IPOs in the country. He focuses on those companies that increase their business by improving the usage of their products. Some of his stakes, especially in Asahi India, have tripled in a span of three years. He is also credited for the development of investment research in India.
Dolly Khanna
Net Worth: $74.4 million Portfolio: Chennai Petroleum Corporation Ltd., Polyplex Corporation Ltd., Sharda Cropchem Ltd., Monte Carlo Fashions Ltd., and more
Dolly Khanna – Top Investors in the Indian Stock Market
Dolly is an investor based in Chennai who is known for her excellent vision of making prompt investments. She primarily buys stocks that are very less popular. She does not hesitate to trim stocks while she explores new ones whenever necessary. Recently she added Monte Carlo Fashions to her profile which has stirred a lot of attention. As of June 2022, she holds 3,69,032 shares or a 1.78% stake in this fashion brand.
Net Worth: $234.2 million Portfolio: Shaily Engineering Plastics Ltd., Barbeque-Nation Hospitality Ltd., NIIT Ltd., and more
Ashish Kacholia – Top Investors in the Indian Stock Market
The founder of Lucky Investment Managers, Ashish Kacholia is one of the most prudent investors in the Indian stock market. Recently he bought a multi-bagger stock named Best Agrolife that has had a 6000% increase in just 5 years. As per reports, he bought 3,18,000 shares of Best Agrolife paying Rs 940.88 apiece. The pattern of his investments and their growth have been very promising owing to his attention to the details of the company’s growth and development.
Conclusion
The stock market is a volatile platform that can go either way at any point in time, It is definitely not a spot to make a blind, uninformed choice. The stories of successful investors tell two things. Firstly, it is important to have a strong investment strategy which is based on careful observation and secondly, diversification is the key. Additionally, it is also important to accept that there can be losses too. Keeping that in mind, there is absolutely no doubt that the Indian equity market is a great place to learn and grow.
FAQs
Who is the king of the share market over the world?
Warren Buffet is said to be the king of the share market over the world. He is one of the richest people in the world, known for his strategic investment skills.
Who is the big bull of India?
Rakesh Jhunjhunwala is the ‘Big Bull of India’. He is known for his accurate predictions regarding stocks and market fluctuations.
Who owns the largest portfolio in India?
Rakesh Jhunjhunwala owns the largest portfolio in India with his portfolio worth Rs 31,833 crore.
Who are the top investors in India?
Some of the top investors in the Indian Stock Market are:
If you are struck with any startup reminiscence, then you will ferret for some reputed capital venture who could listen to your ideas right? But what if you are a part of Wipro where you can access its business services, consultation and digital marketing?
Moreover, I will be a mentor or business solution to you. It would be stupendous to be a part of Wipro- Western India Vegetables Products Limited, an Indian multinational corporation that originated in Bangalore by Muhammed Hasham Premji.
The company commenced in 1945 and attained many achievements from being a beginner to a virtuosity enterprise. Wipro bestows Business consultation, IT services, Outsourcing, business investor and also opened its healthcare services. So, extrapolate, Wipro is an all-around business solution corporation that focuses on enhancing entrepreneurs as well as generating employees.
Wipro has been operating since 1945 and ultimately engrossed many Indian businesses for its excellent services, which is highly based on vegetable and advanced oil products.
As of 2021, Wipro accomplished the third position as the largest Indian IT services firm with its net capital of 1.65 trillion by overruling HCL Technologies capital.
Besides, Wipro never reneged in astounding us with its new plans, whereas now Wipro corporation set to achieve zero Greenhouse gas emission. In the other words, they have targeted to reduce 55 % of GHG by 2030, apprehending global warming and climate change.
Wipro was set up as a manufacturer of vegetable and refined oil
Wipro Company Products – Vegetable Oil
Some people sound implausible, if I say Wipro is basically operated as a vegetable and refined oil company, but it’s credible. Wipro built a refined oil manufacturer under the brand names- Kisan, Sunflower and Camel in Amainer, Maharashtra during British rule.
Furthermore,’ it is proven that Wipro is the acronym of Western India Palm Refined Oil Limited.
Azim Premji’s rank was dropped from 2nd to 17th position by donating
Azim Premji – Founder of Wipro
In 2018, Azim Premji secured 2nd rank according to the Forbes India Rich List, and consecutive year, he dropped to 17th position among 100 Richest Indians 2019.
You would be wondering why there is a gradual fall? Because Azim Premji being a philanthropist, donated 13.1 million to poor people in India. According to the report, it is stated that Azim Premji, owner of Wipro obtained the second rank in Forbes Richest Indian 2018 with $21 billion in his account. Later the next year, he dropped to 17th rank with a net worth of 7.2 billion in 2019.
US-based Association of Diversity council, Wipro was the first Indian corporation to be awarded the 2nd rank for employee diversity in 2011, with 120,00 employees of 74 nationalities in 54 countries.
Leadership at the age of 21
If a big company was handed it over to you at the age of 25, what would you do? Of course, you will be wondering if someone could help you. But this huge enterprise which has been the talk of the town since 1945 was entrusted to a 21-year old boy Azim Premji. Yes, after Muhammed Premji, his dad passed away, he took over the company Wipro as its chairman in 1966.
Wipro became the First software technology & services company to be certified
In February 2001, Wipro became the first software technology and services company in India to get ISO:14001 certification for complying with the international standards for Environmental Management System (EMS) in three major software development and technology centres situated in Bangalore.
Wipro technologies became the world’s first company that has a PCMM level 5 and SEI CMM level 5 certification.
Wipro ranked 1st in the Asian Sustainability Rating of Indian companies
Wipro Limited was ranked 1st in the Asian Sustainability Rating (ASRTM) of Indian companies in 2010 and scored 5th ranking among Asian companies. The ASRTM is a benchmark tool for Environment, Social and Governance (ESG) which is developed by CSR Asia and Responsible Research.
The ASRTM ranking is calculated based on sustainable indicators in four different categories: General, Environment, Social and Governance of companies irrespective of the sector in which they belong and the ranking is calculated only on publicly available information for non-biased judgement.
In 2004, Wipro became the first to get the highest category ‘SVG1’ rating from credit rating agency IRCA for stakeholders value creation and government practices. This rating signifies the sound corporate governance practices of Wipro.
The Bangalore based company retained the top position in stakeholder value ranking in 2009 and 2012. The ranking was given on the basis of improving transparency and disclosure standards, the company’s satisfactory relationship with key stakeholders, the high promoter holding in the company, strong internal audit system, etc.
Forbes Global 2000 list
Wipro stood in 769th position in the Forbes Global 2020 list of 2021, where sales is at 1214th rank, profit annually earned at 460th position and the market value of Wipro estimated at 518th position in the Global 2000 list.
Moreover, According to the Forbes Global list, Wipro has been ranked at 193rd rank for World’s Best Employers 2019, Top regarded Companies in 2019 which secured the 168th place, Being the top multinational performers Wipro gained the position 119th in 2017 and awarded 441st rank for America’s best employers in 2017.
Secured most ethical company for the 10 consecutive years
Being constant in your heyday must be astounding right? Then guess what? Wipro was recognised as World’s most ethical company for 10 consecutive years in succession by the Ethisphere Institute.
It is stated that Wipro is a company of unwavering commitment to integrity, fairness and transparency backed by strong values which came out that Wipro is a reputed global wide trusted company so far now.
Conclusion
Wipro is a globally recognized business organisation, which is quite known for business solutions, consultation, healthcare, employment and all-rounder business services.
Wipro originated in Bangalore, Karnataka in India by a normal human named Mohamed Premji. Haplessly, the throne was given to his son Azim Premji at the age of 21 after his short life span. Azim Premji developed Wipro into a Multinational company by generating its best services to the users in terms of aiding business consultation, employment opportunities, Outsourcing, technology, capital venture etc.
FAQs
Who is the founder of Wipro?
Muhammed Hasham Premji founded Wipro in 1945 as a cooking oil company.
Who is the CEO of Wipro?
Thierry Delaporte is the CEO of Wipro since 2020.
Is Wipro an Indian company?
Yes, Wipro is an Indian company founded by Hasham Premji in 1945.
What is full form of wipro?
The Full form of WIPRO is Western India Palm Refined Oil Limited.
What are Wipro company products?
The products of Wipro include:
Skincare products
Male grooming products
Toiletries
Wellness products
Household products
Electrical wire devices
Domestic and commercial Lighting
What is the first product of Wipro?
Vegetable oil is the first product of Wipro.
Which companies are under Wipro?
The Wipro subsidiaries are divided into four different parts:
Wipro Limited is an Indian multinational corporation that is headquartered in Bengaluru, Karnataka. It is known for Wipro products and services list which includes IT services, BPO services, IT consulting, testing, research and development in the software and hardware areas of companies around the world.
Wipro Group is a global leader when it comes to cognitive computing, robotics, hyper-automation, cloud, analytics and emerging technologies. The Wipro group of companies list is recognized globally for its portfolio of services, sustainability and corporate citizenship. The chairman of the company is Azim Premji who is the second wealthiest person in India and the person credited for the success of Wipro.
The Wipro subsidiary companies are well one of the top IT service providing companies different types of Wipro products such as enterprise application services like ERP, SCM, CRM to services like E-procurement, E-Business solutions. The Wipro subsidiaries are divided into four different parts which are Wipro Limited, Wipro Consumer Care and Lighting, Wipro Infrastructure Engineering And Wipro GE Medical Systems Limited.
The Wipro group companies offer services and products of Wipro to various industries like Finance, Telecom, Media, Utilities, Energy and Entertainment. Not only that, but Wipro company is also one of the largest R&D services in the world. The company has over 180,000 employees from various countries across six continents. Wipro also offers Consulting services and helps companies in Business Process Outsourcing which help in HR, Procurement, Finance and Accounting.
The Wipro sub-companies also provide technology infrastructure services in terms of revenue, people and to over 200 customers in the US, Japan and Europe and 650 customers in India. The total revenue of Wipro as of 2021 is over $10 billion while its net income for 2021 is $1.4 billion. Wipro Industries is known to be the largest public-traded company in India and the seventh-largest IT Services Company in the world.
Wipro originally known as the Western India Palm Refined Oil Limited (abbreviated to Wipro) started in December 1945 by its founder Mohamed Premji. The initial products of Wipro were different types of oil, as it started out as a manufacturer of vegetable and other refined oil known as Kisan, sunflower and camel in Maharashtra.
In 1966, Azim Premji took over as the company’s chairman after his father’s death. The name of the company was changed from Western Indian products limited to Wipro products in 1977. That name was further replaced by Wipro limited in 1982, this was because in the same ear the company also entered the IT industry.
Azim Premji is responsible for transforming Wipro into a Wipro Fluid company and also introducing Wipro Fluid Power that manufactures hydraulic and pneumatic cylinders. In 1979 Wipro became India’s first computer manufacturer as the company developed and sold its computers in 1981. With its success, the company forayed into the field of software development and is credited for introducing software packages for hardware customers.
Facts on Wipro
In the 1990s, the company got started its range of baby toiletries like Wipro baby soft and also the Santoor talcum powder which became a staple in Indian homes which was among the first Wipro subsidiaries. Wipro Infotech and Wipro system got merged with Wipro in 1995 and they became Wipro subsidiary companies. The company expanded internationally in the 1990s and even got listed on New York Stock Exchange in 2000. It was in 2002 that Wipro became the first Indian software tech and services company to get the ISO 14001 certified.
The Wipro subsidiaries list kept growing as it ventured into manufacturing fluorescent lamps making the Wipro Consumer Care and Light Group enter the market. Wipro joined the billion-dollar club in 2004 and also partnered with Intel on a project called i-Shiksha. It wasn’t until 2012 that the company decided todemerge its consumer care, lighting, furniture, infrastructure engineering into a separate company known as the Wipro Enterprise Limited. The company further made many clever and strategic acquisitions and signed contracts with many international firms.
Wipro has so far made over 19 acquisitions and 8 investments. All the Wipro acquisitions so far are estimated to beover $2.49 billion. The company has invested in many industries like SaaS, Search AF test, standard, manufacturing tech. Some of the top companies in the Wipro acquisitions list are Infocrossing acquired for $600 million in August 2007. One of the other top Wipro acquisitions was Appirio acquired for $500 million in October 2016 and HealthPlan Services acquired for $460 million in February 2016.
Some of the other recent Wipro acquired companies are Rational Interactions a settle based digital customer experiences consultancy which the company acquired in February 2020. Wipro recent acquisition was in October 2020, when Wipro acquired Encore Theme Technologies, that same month it also acquired Eximius Design for $80 million. The last Wipro acquisition was in March 2021 was Capco a British consultancy firm.
Topcoder became one of the Wipro subsidiaries when the company was acquired by Wipro in 2016 along with Appirio which were a part of their $500 million deal. Topcoder is a crowdsourcing company that has a huge global community of data scientists, developers, programmers and designers. How Topcoder works is that it pays the members of its community for offering its services to corporate, mid-size or even small business clients.
The company is also known for its yearly Topcoder Open tournament and other small regional events. This subsidiary of Wiprowas founded by Jack Hughes in the year of 2001, the company first started with Competitive programming challenges which helped generate interest among the student community. The company became one of the Wipro sister companies when it started offering various software development services and similar products of Wipro to 3rd party clients.
In order to generate more income, the company started new competition tracks that gave more work to its employees. After being acquired by Wipro the company has continued to offer its clients many hybrid crowd platforms and help create certified and private crowdsourcing communities. Wipro then integrated its employee’s only crowdsourcing platform TopGear with Topcoder.
The various services offered by the Topcoder design community are Information Architecture which helps the clients with wireframing and generating ideas. It also helps with the UI/U/CX design which involves the creation of apps and web designs and coming up with design concepts, ideas and presentation design all of which are said to be top Wipro company products. The software development challenges that topcoder offers are bug bash, code, first to finish, etc.
Appirio
Wipro Subsidiary- Appirio logo
Appirio is one of the best Wipro acquisitions, as it was acquired in 2016 as a part of their $500 million deal along with Topcoder. The company was founded by Chris Barbin, Narinder Singh, Glenn Weinstein and Mike O Brien. Appirio is currently one of the topWipro sub-companies as offers information technology consulting services and has its headquarters based in Indianapolis in the USA. It company is known for its tech and professional services that its offers only to the clients that want to adopt public cloud applications.
They also offer SaaS services like Salesforce and Google apps which are the top products of Wipro. The main competitors of Appirio’s are Accenture and Deloitte. The company was founded by Salesforce and angel investors ($1.1 million), Sequoia Capital ($5.6 million), Sequoia Capital and GGV capital ($10 million) and General Atlantic ($60 million).
The company is a leader among Wipro group of companies and was awarded many titles such as On-Demand Company Of The Year by AlwaysOn, Best Place To Work In Bay Area by San Francisco Business Times in 2010. This is one of the few Wipro listed companies that have many other satellite offices in cities like Tokyo, London, Dublin, Sydney, Espoo, Stockholm, Porto, Pune, Bangalore, Noida, Hyderabad and Jaipur. The company is known to utilize public cloud solutions as it is a serverless company.
Opus Capital Markets Consultants
Wipro Subsidiary- Opus Capital logo
Opus is one of the top companies in the financial services industry which is why it became one of the top Wipro subsidiary companies. The headquarters are based in Lincolnshire in Illinois, the US and have over 500 employees. The company was founded in 2005 that became a wholly-owned subsidiary of Wipro in 2013. Opus offers various services like Residential mortgage, commercial mortgage, Compliances services, servicing reviews and advisory services which extends the Wipro company products list.
The company is among the few Wipro subsidiaries that specialize in risk management providers for mortgage and consumer lenders, services and investors. The company is focused on delivering a wide range of services like due diligence, quality control, servicing oversight and operational assessment.
Yardley of London is a British personal care brand that was acquired by Wipro in 2009 and is one of the unique Wipro subsidiaries. The company is known to be one of the oldest and specializes in cosmetics, fragrances and toiletry products. Yardley is also one of the biggest manufacturers of soap and perfumes, which increases the Wipro FMCG products. Yardley is known to have received two Royal Warrants.
The company was originally established by the cleaver family in 1770. The name of the company was changed to Yardley and Statham in 1823 after William Statham brought the firm. Yardley has made many soaps that are to this date popular. Because of the growing popularity of Yardley soaps and cosmetics in the 20th century, the company opened a shop in London in 1910.
In 1991, the company also introduced men’s grooming products. In 2005, the Jatanias which is Britain richest Indian family brought Yardley for 60 million euros 2005. It wasn’t until 2009 that Wipro consumer care brought Yardley for $45 million the brand ambassador for Yardley in India is Bollywood actress Katrina Kaif. Yardley is among the most popular Wipro company products.
Wipro GE Medical Systems
Wipro Subsidiary- GE Healthcare logo
Wipro GE Medical Systems is a joint venture between GE Healthcare South Asia and Wipro in 1990 and is currently one of the top Wipro companies in India. The company is known for its research and development of healthcare products. The company increases the Wipro products list in India, as it manufactures a vast variety of gadgets and equipment for diagnostics, healthcare ITand services to help healthcare professionals that are used for combat cancer, heart disease and other ailments.
Wipro GE Medical Systems is among the only company in Wipro companies list that strictly follows six sigma quality standards in all products. The company is an expert in medical imaging and information technologies, medical diagnosis, patent monitoring systems, drug discovery, and biopharmaceutical manufacturing tech, performance improvement and solution services, which are among the well known Wipro company products list. They offer all these services at a lower cost.
The company is among the most respected Wipro group companies as it is present in Asia Pacific, China, Africa, Europe, India, Latin America, America and Canada. The specializes in making products for Vascular, Orthopedics, Spine, Urology, Cardiac, General Surgery, Pain Management, Outpatient Interventional.
Wipro Consumer Care and Lighting
Products of Wipro Consumer Care and Lighting
Wipro Consumer Care and lightning are one of the biggest and fastest FMCG companies in countries like India, Asia and Africa. It is one of the most successful companies owned by Wipro as its annual sales revenue is now up to Rs. 77.4 Crore in the year 2019 to 2020. The company is currently present in 20 different countries like India, Asia, Africa and the Middle East. Wipro consumer care and lightning have over 16 manufacturing units in India, Malaysia, Indonesia, the Philippines, Vietnam, China and South Africa.
The company also has Research and Innovation Centers in India, Malaysia, China, the Philippines and South Africa. They are based in 22 countries, marketed in 60 plus countries with over 10,000 plus employees. The Wipro company products list such as like personal wash products, skincare products, male grooming products, toiletries, household products, furniture, commercial lighting, etc is well known in the country.
Wipro Consumer Care and lightning are among the top Wipro group of companies as has made several acquisitions like Unza, Yardley, LD Waxsons in order to get a global footprint. The key brands of Wipro consumer care and lighting are Santoor, Chandrika, Maxkleen, Giffy, Enchanteur, Safi, Aiken, Romano, Carrie, Garnet, Splash which come from different parts of the world.
This company is one of the Wipro companies in India and is known for developing, marketing and manufacturing hydraulic cylinders that are used for cargo handling, mining, freight and waste processing. The company also makes various products such as filters, pumps, valves, rear hinges and different components of hydraulic cylinders.
It is known to deliver over a million cylinders to original equipment manufacturers (OEMs)across the world. The company specializes in top Wipro products and services such as hydraulic cylinders for Construct and Earthmoving, Material and Cargo handling, Forestry, Farm and agriculture and mining. The company’s business has stepped up and launched specific solutions to fight Covid 19.
Conclusion
Wipro is an Indian conglomerate that has a global footprint for its services and products like IT services, BPO services, IT consulting, testing, research and development services. One of the main reasons for the company’s success is the strategic and clever subsidiaries it has acquired. Wipro group companies were and will continue to be a leader in the consumer market space and will increase the Wipro clients list. Because of the Wipro subsidiaries and Wipro acquisitions, the company has an extensive Wipro products list in India.
The wealthiest human is the one who believes in giving and sharing. When you contribute to someone’s success and well-being, you can have inner peace and that’s what life is. And those at the top have learned this for a long time and believe in contributing to people and the community’s well-being. These high-profile people choose to donate their money to those communities and people who need their support. And such noble people are called ‘Philanthropists’.
A philanthropist is someone who works for the benefit of the community and donates as much as they can. They often provide food resources to the starving country people and contribute to the betterment of major social and financial issues.
The money these rich people earn comes from the public and that’s why it’s their major duty to hold the responsibility for the public’s well-being. And the philanthropist not only agrees with this but also works for their people and community.
They spent some part of their earnings in the development of areas that required their help and support. And to honour and acknowledge such Nobel people around, we have brought this article for the top philanthropists. Let’s get started!
Andrew Carnegie is known as history’s richest person. Although he is dead for almost a century still, when it comes to the biggest philanthropist, Andrew Carnegie tops the list of all time.
Andrew Carnegie donated around 90% of his total wealth. He made the largest deal in history through the U.S based burgeoning Steel Industry, which is around $298.3 billion according to the 2007 dollars value.
Andrew Carnegie was originally from Scotland and he donated almost everything he owned. He donated in every possible field, especially in the education sector (established schools and universities). Carnegie built around 300 libraries for public usage for free across the country.
Moreover, he also supported the civic institutions, established 700 Church organs and many more.
Bill Gates and Melinda Gates
Net Worth: $74 billion
Lifetime Donations: $28 billion
Bill Gates and Melinda Gates
The co-founder and chairman of Microsoft, Bill Gates is known as the biggest entrepreneur of the tech era. Bill Gates has been honoured with the ‘World’s Richest Man’ many times.
He has been financing majorly in his Bill and Melinda Gates Foundation (the world’s leading philanthropist foundation) with the coalition of Warren Buffet. This foundation focuses on global issues such as education, healthcare, poverty and increasing IT access.
Warren Buffet
Net Worth: $58.7 billion
Lifetime Donations: $25 billion
Warren Buffet
Warren Buffet is known as the most generous and wealthiest man in the world. Also, he is the most charitable and decent among the list of philanthropists. Warren Buffet is quite famous for his economic as well as successful investment advice.
Warren Buffet has an alliance with Bill Gates and Melinda Gates, in which they work for the improvement of the current financial crisis. They promote the other billionaires to donate some amount of their income for philanthropic purposes. Warren Buffet contributes around $25 billion of his wealth to the Bill and Melinda Gates Foundation.
Azim Hashim Premji
Net Worth: $32.8 billion
Lifetime Donations: $21 billion
Azim Hashim Premji
The Indian Business Tycoon, Azim Premji is also one of the biggest philanthropists in India. He is the former chairman of Wipro Limited. And now, he is the non-executive member of the board and founder.
Many know this, Azim Hashim Premji is widely famous as the Czar of the Indian IT industry.
Azim Premji took Wipro to the next level of diversification and advancement. And his determination is what took Wipro among the world’s leaders in the industry of software. In fact, according to Asiaweek, in 2010, Azim Premji was counted among the top 20 most powerful men in the world.
In 2013, Premji donated half of his total wealth through the signing of the Giving Pledge. He began with a $2.2 billion donation to the Azim Premji Foundation which focused on the Indian Education system.
The youth’s inspiration, Mark Zuckerberg is the founder and CEO of Facebook. Zuckerberg is known as the youngest self-made billionaire in the world. He has signed the Giving Pledge and utter profanity that he would donate half of his lifetime wealth.
Mark Zuckerberg along with his wife Priscilla donated around $25 million in the struggle against Ebola. Also, they donated around $75 million to San Francisco General Hospital through the Silicon Valley Community Foundation.
Mark Zuckerberg has widely donated in the education sector, around $120 million to improve the condition of education.
J.K. Rowling
Net Worth: $1 billion
Lifetime donation: $160 million
JK Rowling
J.K. Rowling is a well-known extremely successful author and generally, known as the author of the world-famous book series, Harry Potter. She is also counted among the world’s high-impact philanthropists.
She built a global charity foundation named Lumos (after a spell from her wizarding books). The foundation aimed to help children who have been dreadfully separated from their families and now live in orphanages.
Serena Williams is known as one of the biggest superstars on the tennis court. And she is as big a superstar as a philanthropist also. Serena Williams along with her sister Venus developed a Resource Centre in their hometown- Compton and named The Yetunde Price Resource Center (after their sister who was a gang violence victim).
Their resource centre provides aids for the community members of Compton and encourages healing and resiliency for the locals.
Conclusion
The philanthropists believe in making changes and developing those things which matter and have a huge impact on society. They work together with several underground operations to prevent some major dreadful crimes around the country.
With the growing economy, the number of philanthropists on the world scale is also increasing. There has been the establishment of many foundations and charitable organisations. And the philanthropists are the true inspiration and role models of today’s generation.
FAQ
What does a philanthropist person mean?
Philanthropist is a person who donates his wealth, skills or time for the betterment of the society.
Who is the number one philanthropist in the world?
Jamsetji Tata is one of the world’s biggest philanthropists, he has donated around 104 billion.
Is philanthropy the same as charity?
No, Philanthropy involves helping people over a long term while charity focused on providing immediate relief.
