As I look into the future, I plan to devote more time to focus on our philanthropic activities," he said. Premji has headed Wipro since the late 1960s, turning into a behemoth in IT, consulting and business services present in over 50 countries with $8.5 billion in revenues. Premji will step down as executive chairman on July 30, to be replaced by his son Rishad Premji, but will remain on the board as non-executive director and founder chairman. In March, Premji pledged about 34 percent of Wipro shares controlled by him to philanthropic activities through his foundation, Bloomberg reported. India's $150-billion IT sector has long been one of the country's flagship industries as companies around the world take advantage of its skilled English-speaking workforce.

Source: Dhaka Tribune June 06, 2019 13:18 UTC