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Mr. Azim Premji

Introduction: Azim Premji was born July 24, 1945, in Bombay. He is an Indian businessman.

He is the Chairman of Wipro, one of the largest software companies in India. At the age of 21 hetook over the family business after the sudden death of his father in 1966, leaving his studies incomputer science from Stanford University.

Business Profile: Premji took over the family business, the company which was started by hisfather, made oils and fats which later became Wipro. He took the cooking oil company of USD 2million to USD 1.76 billion IT Services organization serving customers across the globe.

Education: He completed his initial education from St. Marys School, Mumbai. He wasstudying to computer science from Stanford University, California, USA at the age of 21 he wasforced to leave his studies in between to take over the family business when his father suddenly

died in 1966.

Wipro: Under Azim Premji's leadership Wipro has metamorphosed from a Rs.70 millioncompany in hydrogenated cooking fats to a pioneer in providing integrated business, technologyand process solutions on a global delivery platform. Today, Wipro Technologies is the largestindependent R&D service provider in the world. Recently Wipro released the launch of two new businesses, Wipro Water and Wipro EcoEnergy. Premji, it is not uncommon to see the fifthrichest Indian on the Forbes List and the 63-year-old chairman of Wipro switching off the lightsbefore leaving office. It is this commitment to avoid waste that has turned Premjis attention toecology and sustainability.

Azim Premjis Foundation: In the year 2001, Premji established Azim Premji Foundation, anot-for-profit organization with a vision of influencing the lives of millions of children in Indiaby facilitating the universalisation of elementary education.. Premji contributes the financialresources for the foundation. Programmes of the Azim Premji Foundation focus on "creatingeffective and scalable models that significantly improve the quality of learning in the school andensure satisfactory ownership by the community in the management of the school".Thefoundation aims at making a tangible impact on identified social issues by working in activepartnership with the Government and other related sectors of society.

Personal Traits: Premji is known for his modesty, frugality and helping mentality,in spite of

his wealth. He is a very down to earth person and always believes in doing rather than saying. He

drives a Toyota Corolla and flies economy class, prefers to stay in company guest houses ratherthan luxury hotels and even served food on paper plates at a lunch honouring his son's wedding.

As a leader: Premjis of success and prominence clearly shows his determination and

perseverance, coupled with knowledge, planning and clear vision, the perfect mixture of all these

things enabled him to reach the peak of success and leadership. A straight forward person, he

doesnt believe in resorting to bribery or corruption to get things done and associates quality with

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integrity. He is a workaholic person and according to him work is the only way to success and

survival in a competitive environment. A tough employer, he expects his employees to be

competent and will not tolerate lies or deception from anyone. Premji equates Quality with

Integrity both being non-negotiable.

Learnings: The learnings from the life of Mr. Premji are:

1) Believe in Team building.2) Believe in a process driven culture.3) Always adhere to core values of the organization.4) Work is the only way to success and survival.

Companies:

Wipro technologies

Wipro Infotech

Wipro Consumer Care & Lighting

Wipro fluid power limited

Wipro GE medical systems limited

Net Worth: USD 5.7 billion (approx)

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Mr. Warren Buffet

Introduction: Warren Edward Buffett was born on August 30, 1930 in Omaha, United States.

He is one of the world's most successful investors and the largest shareholder and CEO of

Berkshire Hathaway. Often called the "the Sage of Omaha". He was ranked by Forbes as the

richest person in the world during the first half of 2008, with an estimated net worth of $50.0billion. He is the second richest person of the world behind Bill Gates

Early life: At the age of 11 he began working at his father's brokerage firm, and in the same year

he made his first stock purchase, buying shares of cities services for $38 each. He sold them

when the price reached $40, only to see them going as high as $200 a few years later. This taught

him the importance of investing in good companies for the long term. He also purchased a farm

house at the age of 14 yrs by the savings done from selling newspapers.

Education: He graduated from High School. He never intended to go to college, he had already

made a good amount of money. He attended Wharton School of Finance at the University ofPennsylvania, but transferred to the University of Nebraska where he graduated. He then went on

to the Columbia University to do a Masters in economics. This was where he met the influential

value investor Benjamin Graham. Working full-time, he managed to graduate in only three years.

Warren Buffett approached graduate studies with the same resistance he displayed a few years

earlier. He was finally persuaded to apply to Harvard Business School, which, in the worst

admission decision in history, rejected him as "too young". Slighted, Warren applied to

Columbia where famed investors Ben Graham and David Dodd taught - an experience that

changed his life forever.

Business Profile: Initially he started his career as a investment salesman. After that he started hisown partnerships with some of his friends. On May 1, 1956, Warren Buffett rounded up seven

limited partners including family and friends, raising $105,000 in the process. He put in $100

himself, officially creating the Buffett Associates, Ltd. In 1965 he buys Berkshire. In 1967 he

buys Hathaway and combined company known as Berkshire Hathway. Currently his company

owns 63 small companies

Buffets Mentor: Buffet met his mentor at Columbia University where he went on to do his

Masters in Economics. He was very influenced by Benjamin Graham and went to work for him

in his company "Graham-Newman". It was here that Warren Buffett developed many of his stock

market investing skills that have now become legendary. Graham developed a method whereinvestors could work out the intrinsic value of a company and make intelligent investing

decisions by comparing the stock price to the intrinsic value.

Philanthropy: In 2006, he announced a plan to give away his fortune to charity, with 83% of it

going to the Bill & Melinda Gates Foundation. In June 2006, Buffett gave approximately 10

million Berkshire Hathaway shares to the Bill & Melinda Gates Foundation (worth

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approximately USD 30.7 billion as of 23 June 2006) making it the largest charitable donation in

history and Buffett one of the leaders in the philanthrocapitalism revolution. The foundation will

receive 5% of the total donation on an annual basis each July, beginning in 2006. Buffett also

will join the board of directors of the Gates Foundation, although he dont have any plan to be

actively involved in the foundation's investments

The Golden Rule: Warren Buffet never held any meetings or calls to any of his companys

CEOs instead he writes a letter each year to every one of them stating their goals for the year.

Buffet has given them a golden rule:

Rule 1:- Do not lose any of your shareholders money in any case.

Rule 2:- Never forget Rule 1.

Learnings: As an Investor the learnings from his life were

1) Always invest early2) Invest for long time3) Invest as much as possible

The above were the three main learnings which act as a cornerstone for the budding

investor. Mr. Buffet was greatly influenced by Benjamin Graham and learnt the art of investing

from him only. Ixn his words: I am 15% Fisher and 85% Graham. He believed in simplicity as it isevident from the fact that he still lives in the same house which he has purchased 50 years ago.

Net Worth of the Company: USD 37 billion (approx)

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