Azim Premji has now set aside $21 billion to charity, 67% of economic ownership of Wipro

• Premji has earmarked all economic benefits for philanthropy, setting aside 34% of Wipro shares worth $7.5 billion.
  
• This takes his total contribution to charity to a total of $21 billion, including 67% of economic ownership of Wipro.
  
• Earlier this month, the Azim Premji Trust had sold over ₹26 million Wipro shares.
  

Wipro Chairman Azim Premji has announced an increased contribution to his charity – Azim Premji foundation. Premji has earmarked all economic benefits for philanthropy, setting aside 34% of Wipro shares worth $7.5 billion.

His total contribution to philanthropy now stands at a whopping $21 billion, including 67% of economic ownership of Wipro Limited.

According to an official statement from the company, the aim is to now scale up the efforts of the Azim Premji foundation.

“The team driving the field work in education is expected to grow significantly from the current 1600 people, while the University will expand to have 5000 students with 400 faculty members across multiple programs. Thereafter, another University in the northern part of India may be set up by the Foundation,” said the statement.

Earlier this month, the Azim Premji Trust had sold over ₹26 million Wipro shares in a block deal.

In its Q3 earnings report, the IT major had reported a 32% year-on-year rise with ₹25.44 billion recorded profit for the quarter that ended on December 31.

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