Today Premji, by virtue of his building software power Wipro , is one of Asia s richest men.
Wipro created the new revenue stream as it faced slowing growth in its information-technology business.
Wipro, on the other hand, is expected to report 1.1 percent sequential increase in net profit.
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Over time, Premji transformed Wipro from a toiletries and lighting company to a software giant.
Premji will transfer 213 million shares amounting to an 8.7% stake in his software outfit Wipro.
Wipro, however, has a lot of the fundamental characteristics that my Buffett-based model looks for.
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Infosys and Wipro, as well as scores of other Indian firms, now have substantial operations there.
Same goes for India's Azim Premji, who turned his dad's cooking-oil business into technology giant Wipro.
Wipro has a total workforce of 142, 000 people of which 11% are foreign nationals.
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In this area, Wipro competes with top consulting firms, including Accenture, Deloitte, IBM and PricewaterhouseCoopers.
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Wipro has a hundred people in Shanghai and Beijing and also plans to expand.
Infosys (INFY) is down 17.03 percent while competitor Wipro (WIT) is down 12.26 percent.
Wipro and the rest work fast, since that is the only way to turn a profit.
Over the last 12 months, Infy is down 20.8 percent, with Wipro in second at -11.75 percent.
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But some, such as Cognizant and Wipro have struggled to maintain growth in employee productivity.
India is particularly interested in helping out its two bellwether IT names, Wipro (WIT) and Infosys (INFY).
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Wipro already has set up operations in China, which has one of the world's largest software industries.
Venture capitalists are now falling over each other to find the next Infosys, Wipro or HCL in India.
For example, Wipro's revenue from its deal with Unitech Wireless, a mobile-phone company, depends on Unitech's subscriber growth.
Azim Premji, the chairman of Wipro, a big computer-services company, has called Mr Bhattacharjee India's best chief minister.
Tata now has 276, 196 staffers around the world, more than its local rivals Infosys (INFY) and Wipro (WIT) combined.
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Europe-dependent Wipro and Infosys have had a tougher go at it than Tata.
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The efforts of Premji's foundation are separate from the philanthropic initiatives Wipro pursues.
Intel also announced service provider partners such as Infosys, Savvis, T-Systems and Wipro.
Even Wipro is largely owned by Mr Premji, whose father founded the firm.
Wipro is hiring 125 consultants in the U.S. in the next 12 months.
It relented eventually and announced some pay increases over fear of losing key staff to rival Wipro ( WIT).
Wipro (WIT) made the ValuEngine list, but their average daily volume sank below the required 600, 000 to be listed here.
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Admiral Bill Owens, former vice chairman of the Joint Chiefs and a board director at Wipro, took more of a bottom-up view.
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Congratulations to Adobe, Microsoft, Salesforce, Symantec, Teradata and WiPro.
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