We must remain ‘trustees’ of our wealth for society, not its owners. — Azim Premji To decode success, one must borrow a leaf from an accomplished life. In this book, author Rajiv Agarwal, also a management professor and family business consultant shows the strategies used by the czar of the Indian IT industry, Azim Premji, to chart his route for success. In the fourth book in the series, Management Lessons from the Masters, Agarwal analyzes various moves and decisions made by Premji before he became the face of corporate philanthropy. He shares an insight into the vision and principles of a man who started his entrepreneurial journey with a small vegetable oil company at the young age of 21 and went on to build Wipro, one of India’s leading IT organizations. In this authoritative and compelling account, the author shows how Premji, the founder chairman of Wipro, fearlessly diversified the organization into varied industries (FMCG, IT services and infrastructure engineering). Besides, Premji also inspired entrepreneurs around the world to generously donate large parts of their wealth. Today, his endowment of $21 billion is among the top five endowments in the world. A must read for aspiring leaders as well as students, this book shows how wealth can be used to impact the lives of many, not just stakeholders of a business.
