The Azim Premji family office: Premji Invest

The Indian businessman, investor and philanthropist

Azim Premji, known as the czar of the Indian IT industry, is the man behind the success of the Indian multinational technology company Wipro. Under his leadership, Wipro has grown from a manufacturer of edible oils to a global leader in the software industry. By 2023, Wipro had annual revenues of $11 billion. Premji’s company has also built an innovation centre in Silicon Valley to drive new technologies and work with start-ups. Since 2019, Premji’s son Rishad has taken over as executive chairman of Wipro. Thanks to his business success, Premij has amassed a fortune of $12.3 billion. In terms of wealth, Premij is also part of the Giving Pledge initiative, in which wealthy people pledge to give away at least half of their wealth to philanthropic causes. He has already donated $2.2 billion to the Azim Premji Foundation, which focuses on education in India. More of his wealth is managed by the Azim Premji family office Premji Invest.

The investment focus of Premji Invest

The family office of Azim Premji has offices in Bangalore as well as in Melo Park. Since its foundation in 2001, it made over 140 investments. Its aggregated portfolio revenues reach over $20 billion. This year alone it made 14 investments in different start-ups. One of them was a Series B financing round led by Premij Invest which raised more than $100 million for the Indian start-up GlobalBees. Other notable investments include Enveda Biosciences, the AI-related company Galileo or tech company EvenUp.

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