Azim Premji

Wipro Consumer Care and Lighting FY23 sales cross Rs 10,000 crore

Wipro Consumer Care and Lighting on Tuesday said it has crossed the milestone of Rs 10,000 crore in overall sales in FY23, helped by 'significant growth' across geographies, brands, and categories. The domestic FMCG business grew 17 per cent for the financial year ended March 31, 2023, the company, part of Azim Premji-led Wipro Enterprises, said in a statement. Its sandalwood soap brand Santoor has now become the second largest player in the segment in India with sales of over Rs 2,650 crore. While female toiletries brand of Wipro Consumer Care and Lighting, Enchanteur, has also crossed 1,000 crore, it added. The company, which operates in FMCG and lighting products, had reported a revenue of Rs 8,634 crore for the financial year ended March 31, 2022. "FY23 was a special year with the FMCG India business growing at 17 per cent and Malaysia strengthening its No 1 position in personal care with strong growth of over 20 per cent. "Vietnam crossed the USD 100 million revenue mark wit

Wipro President Rajan Kohli resigns after nearly three decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees

KreditBee raises $80 million in Series D from Premji Invest, others

The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months

HCL's Shiv Nadar most generous: Hurun India Philanthropy List 2022

HCL founder Shiv Nadar topped as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report. Wipro's Azim Premji, 77, slipped to the second position with an annual donation of Rs 484 crore after ruling at the top position for the last two consecutive years, it said. India's richest man Gautam Adani, 60, ranked seventh in Edelgive Hurun India Philanthropy List 2022, with a donation of Rs 190 crore. The report further revealed that in India a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore and 43 over Rs 20 crore. A M Naik, 80, group chairman of Larsen and Toubro, who donated Rs 142 crore, is the country's most generous professional manager, the report stated. It further said that Nithin Kamath and Nikhil Kamath of Zerod

India at 75: Tatas to Naik, Murthy - 25 towering business leaders of India

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

Wipro PARI acquires Germany-based Hochrainer GmbH for undisclosed sum

Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people, Bengaluru-headquartered Wipro said in a statement

Dividends, share buybacks lift India's top promoters' income in FY22

The country's top 50 promoter families earned Rs 709.4 crore on average from their companies in FY22, while the median income of these promoters was Rs 123.2 crore in the last fiscal

India's top CEOs took home 32.9% more in FY21 amid rally on the bourses

Corporate India's leading earners got a total paycheck of Rs 3,222.4 crore - up from Rs 2,424.9 crore a year ago

Wipro will continue to invest in Telangana, says Azim Premji

He also praised Telangana for its handling of the Covid crisis, saying that the state has by and large contributed significantly towards managing the pandemic

NIIF drops investment in TPG-backed e-commerce startup FirstCry: Report

FirstCry, formally known as BrainBees Solutions Pvt, runs an online store featuring products for children and expecting mothers

SC takes note of litigant's apology for frivolous cases against Azim Premji

The SC took note of unconditional apology of R Subramanian, who through various companies initiated a maze of frivolous litigations against Azim Premji and others

SMC signs MoUs with Praja Foundation and Azim Premji Foundation

The LG asked the officials of the municipal corporation and other stakeholders to understand these challenges and work accordingly

SC stays proceedings before Bengaluru court against Azim Premji, others

The Supreme Court on Tuesday stayed the proceeding before a Bengaluru court against former Wipro chairman Azim Premji and others and called for a report from the trial judge. A bench of Justices Sanjay Kishan Kaul and MM Sundresh also asked advocate R Subramanian to tender an unconditional apology to Premji and others for instituting maze of frivolous litigation against them. The proceedings in pursuance topending before XXIII Additional City Civil and Sessions Judge & Special Judge (P.C. Act) Bengaluru are stayed, the bench said. It said, We consider the matter serious enough to call for a report from the Sessions Judge concerned in view of his having issued a summoning order predicated on the identity with criminal complaints and recording the same in the order noticing that the quash proceedings filed by the appellants have been dismissed but not noticing that this Court had stayed the proceedings in pursuance to those cases to state before us whether our order of stay ...

Wipro's Azim Premji shows interest in investing in Jharkhand

The state government quoting Premji said that the Azim Premji Foundation and Wipro want to work in coordination with the state government

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

Premji, the founder chairman of Wipro, increased his donation by nearly a fourth during the pandemic year

Indian IT industry revenues to grow in double-digits in FY22: Azim Premji

Wipro founder-chairman Azim Premji believes the Indian IT industry revenues will grow in double digits in the current financial year

Jamsetji Tata tops global list of top 10 philanthropists from last 100 yrs

Hurun Research and EdelGive Foundation today released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world's most generous individuals from the last 100 years

ADV Partners, Premji invest to acquire majority stake in Micro Plastics

Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years

Venture debt player Trifecta Capital to set up Rs 1,500-crore fund 3

The venture debt fund launched in 2014 has so far invested in 72 companies, including nine unicorns, such as BigBasket, Rivigo, Cars24, and Urban Company

Governor Vala, Karnataka ministers, Wipro founder Premji take vaccine

Karnataka Governor Vajubhai Vala, state Ministers B C Patil, K S Eshwarappa and Wipro founder chairman Azim Premji were among those who received the coronavirus vaccine in the state on day two