Thursday, December 02, 2010

Azim Premji Foundation Receives a Huge Gift ...

... from Azim Premji, the chairman of IT outsourcing giant Wipro. The gift is in the form of a transfer of 8.7% stake in Wipro, currently worth over Rs. 8,800 crores.

That's nearly two billion US dollars!

The most visible activity of the Foundation so far has been the setting up of Azim Premji University:

Two key focus areas of the University are to:

  • Prepare a large number of committed education and development professionals who can significantly contribute to meeting the needs of the country.

  • Build new knowledge in the areas of education and development through establishing strong links between theory and practice.

All in all, this is a big day in Indian philanthropy.


  1. Saee said...

    Hi Abi!
    I knew this would get a mention on Nanopolitan. I was waiting for it to be morning in India so that I can read about it on your blog.
    It is also worth noting that this program includes grassroot level education as well.
    It is good news especially since we read it after an overly publicized Ambani home (Antilla) with a monthly electricity consumption of app. 6 lakh units per head!