Thursday, November 18, 2004

Wipro's Aziz Premji figures in FT list of billionaires ...

Read the following Economic Times article for more info on the Financial Times report.

A snippet :

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While Mocrosoft's Bill Gates eventually topped the list, fighting off the challenge of Intel's Gordon Moore, the number two spot went to Newscorp's Rupert Murdoch.

India's only representative, Wipro's Azim Premji is at the 11th spot. With a total net worth of $6.7 billion, FT says the "Indian Bill Gates' was successful in turning what was once an edible oil company into the software giant it is today.

The paper said: "The rise of Indian IT services in software and call centres - is personified by Wipro and its softly spoken chairman. If the anti-off-shoring protesters wanted to find a bogeyman in him they would have to look elsewhere. Premji is modest and reticent, not a belligerent business leader. But he is evangelical about his country's potential, and wary of emerging competition from China. “

"The comparisons with Bill Gates don't end at software: Premji's charitable foundation works with Gates's. Premji's does more work on education in poor rural areas, giving $5m a year, while Gates has made health a priority. But by winning in the global IT market Premji has done much to change the structure of international business and ultimately affect people's lives."

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