New Delhi: Azim Hashim Premji, chairman of Indian IT giant Wipro Limited who has donated 132 Million US Dollars (RS 1000 crore) stands third among the top billionaires in the world donating towards coronavirus pandemic relief, according to Forbes.
Azim Premji Foundation, Wipro and Wipro Enterprises together have committed an aid of Rs 1125 crore for tackling the unprecedented health and humanitarian crisis arising from the COVID-19 pandemic outbreak.
Of the Rs 1125 crore, Wipro’s commitment is Rs 100 crore. While Wipro Enterprises has committed Rs 25 crore; the Azim Premji Foundation is giving Rs 1000 crore. These sums are in addition to the annual CSR activities of Wipro, and the usual philanthropic spends of the Azim Premji Foundation.
Based on inputs from the ground, the humanitarian aid and health interventions in co-ordination with “relevant government institutions” would be executed. This also includes “Azim Premji Foundation’s 1600-person team” collaborating with many of its more than 350-people strong civil society partners across the country.
“These efforts will fully leverage the technology expertise, sourcing systems, infrastructure, and distribution reach of Wipro,” said the company.
Azim Premji Foundation is working since 2000 with the elementary education system in rural government schools. The foundation runs Field Institutes (workshops, informal learning groups, Teacher Learning Centres, exposure visits, seminars, melas, etc.) and not-for-profit Azim Premji University.
The Foundation has more than 1000 employees working in field institutes in 40+ districts across 6 states and 1 union territory (Karnataka, Rajasthan, Uttarakhand, Chhattisgarh, Madhya Pradesh, Telangana and Puducherry).
Last year, Azim Premji donated 34 per cent of shares in his company – worth 7.5 billion dollars or 52,750 crores. This brings the total value of his philanthropic donation to a massive 1,45, 000 crores – or 21 billion dollars – among the largest in the world.
A breakdown of contributions revealed by management consultancy firm, Bain & Co in its 2020 India Philanthropy Report indicates that while large donations (INR 10 crore or more) by UHNIs compose 55% of individual philanthropist funding, about 80% of this figure results from Azim Premji’s donations to his philanthropic organisation, Azim Premji Philanthropic Initiatives (APPI).