PremjiInvest becomes the top investment company in India

When HDFC raised Rs 11,000 crore on Saturday, the list of marquee investors included one domestic fund: PremjiInvest, which invested Rs 1,000 crore in India’s largest mortgage lender. The other investors in HDFC were all established global heavyweight asset managers: Singapore’s GIC, which manages $359 billion globally, alternative asset firm KKR with a $153-billion corpus,…

Wipro buys Yardley’s personal care business

Wipro, India’s No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about $45.5 million, adding to its consumer goods business. Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East,…

Wipro’s Green Gamble

40 years after he took over his family’s vegetable oil company and turned it into a $5 billion company selling IT services, computers, consumer care, lighting and medical equipments, Azim Premji is on the lookout for his next billions.  He sees them coming from renewable sources of energy.  Water and Eco-energy are the two areas…

How a Muslim Billionaire Thrives in Hindu India

“The world’s richest Muslim entrepreneur defies conventional wisdom about Islamic tycoons: He doesn’t hail from the Persian Gulf, he didn’t make his money in petroleum, and he definitely doesn’t wear his faith on his sleeve.” “A native of Mumbai, Azim Premji has tapped India’s abundant engineering talent to transform a family vegetable-oil firm, Wipro Ltd.,…