Azim Premji will pay Rs 52,750 crore for philanthropy

azimpremji

azimpremji

Azim Premji, Chairman, Wipro, the country’s third largest IT company, has been doing philanthropy through his organization Premji Foundation.

Wipro chairman Azim Premji has decided to give an additional 34 percent of his shareholding to philanthropy in the company. These 34 percent shares are being reported around 7.5 billion dollars (Rs 52,750 crore). The country’s third largest IT company has been working charity through Premji Foundation.

The Times of India quoted a website called Pensions and Investments as saying that Bill and Melinda Gates Foundation has so far given about $ 40 billion (about Rs 28 lakh crore) for philanthropy. At the same time, the Ford Foundation has donated nearly $ 12 billion (over Rs 83,000 crore). The Premji Foundation has so far paid $ 21 billion (Rs 1.45 lakh crore). In this way, this institution is involved in the world’s largest charity institutions.

A recent report says that the richest people in the country are now less charitable than they were five years ago. At this time, Azim Premji’s decision to pay this amount is commendable. Let’s say that 73-year-old Premji is also part of the ‘The Giving Plays’ program started by Bill Gates and Warren Buffett. Under this, the billionaire people promise that they will give half of their property to philanthropy.

Azim Premji’s foundation works in three areas. These include improving the level of government schools, giving maximum subsidy to the students studying in Azim Premji University and non-profitable work related to other areas. His contribution has helped more than 150 organizations to work on issues such as diet, women suffering from domestic violence and manslayer.

 

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