Azim Premji

Reports and news of corruption, briberies and scams have dominated the Indian media in the last few days. Investigations have led to sacking of many big politicians and officers accused. Even Ashok Chavan, the Chief Minister of Maharashtra, second largest state of India, had to resign. Amidst all this, also there are calls by the civil society to bring back the black money stashed by Indians in the foreign banks. It is obvious that a developing country like India, which possesses second largest population in the world, needs lots of money to provide basic necessities of education and healthcare to the masses. No doubt, India is rapidly growing to become a developed nation but the real India which resides in villages, is still far away from the influence of urban development. Even today thousands of villages are suffering from lack of electricity, potable water, healthcare and primary education facilities. Many hamlets have no connection to the main road. In such circumstances, if any responsible politician, businessman or bureaucrat put his illegally earned money in any foreign bank, he deserves to be called anti-national. Thanks to such greedy creatures, India has not been able to grow at the pace as it could.

But along with such negative news and reports, many such reports emerge at times which tell that there is no dearth of great philanthropists across the world, who apart from their own progress are equally concerned for the social good at large. For instance, Bill Gates and Warren Buffet, the wealthiest persons on earth; both of them have contributed half of their wealth to charity. Along with them, 38 other American billionaires did away with half of their wealth for charity. Bill Gates runs the Bill and Melinda Gates Foundation along with his wife. He does his charity across the world through this Foundation. Recently, this foundation donated $ 120mn for agricultural assistance across the globe and $ 10mn for the good of agricultural labourers in India.

Now both Gates and Buffet have teamed up with like-minded billionaires and have planned to establish contacts with billionaires of the world and convince them to divert some share of their respective wealth for the causes of poverty alleviation, education, health etc. They both recently went to China and invited the Chinese billionaires to engage in philanthropy. Reports are that the duo may hold a similar event in India in which they will try to convince the Indian billionaires to come forward for charity.

However, even before their visit, one of India’s richest people and the Chairman of Wipro Limited, Azim Hashim Premji has pledged $ 2bn out of his individual shareholding in Wipro to a fund created under Azim Premji Foundation to raise the level of primary education in India. This announcement has taken India Inc. by storm. This philanthropic gesture of Azim Premji has made wealthy people to wonder what exactly the value of money is, where and how it should be used and what can be the contribution of money in the development of society and country. Azim Hashim Premji was born in Karachi in undivided India of 1945. His father M.H. Premji was the owner of Western India Products. Later on, under the aegis of Azim Premji, this company became famous as Wipro. During partition, M.H. Premji was invited by Mohammad Ali Jinnah to come and settle in Pakistan. Since he was opposed to partition, M.H. Premji preferred to stay back in Gujarat (India) and carried on his business. Azim Premji, who comes from a Shia Muslim family, is married to Yasmeen and the couple has two sons- Rishad and Tariq, both of whom are working in Wipro.