Speaking of the 'enviable track record' of Wipro, Premji has said that over a six-decade period, its revenues have grown at a compounded annual growth rate of 21 per cent, net income by 31 per cent and market capitalisation by 25 per cent.
During 2005-2006, Wipro's revenues crossed the Rs 100 billion threshold, combined IT businesses revenues surpassed $2 billion and net profit crossed Rs 20 billion.
"The spirit of Wipro means manifesting intensity to win, acting with sensitivity and being unyielding on integrity," he said.
Wipro would pursue the strategy of acquisitions more aggressively in future along with other initiatives.
"Our experience with the acquisitions so far has been quite satisfactory. This has given us the confidence to pursue this strategy more aggressively in future," Premji said in a letter to stakeholders of the New York Stock Exchange listed firm published in its 2005-06 annual report.
Premji is also big time into philanthropy. The Azim Premji Foundation aims at making a tangible impact on identified social issues by working in active partnership with the Government and other related sections of the society. The Foundation was set up with financial resources contributed by Azim Premji.
"There are millions of children today who don't attend school. However, education is the only way to get ahead in this country," Premji said about the Foundation
Photograph: AFP/Getty Images
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