Wipro

Here is an impressive story of how Azim Premji transformed a mediocre vegetable oil company to a IT outsourcing powerhouse...

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Also Morarji Desai's ultra-socialist policies had some positive effects...

Says Premji, "As the years went on, I oversaw Wipro's diversification into other products, including soaps, wax and tin containers. But things really changed in 1977, when IBM left the country after India's then-socialist government required them to have a staff that was at least 60% Indian.

"That opened the door for home-grown computer scientists and stepped up the government's push for increased computer education throughout the country.

"We seized that moment and began to find ways to capitalize on the computer's growing popularity and utility. By 1981, Wipro was producing its own computer. That profoundly changed my family's company.

"It changed me, too. When I started out in business, I was an electrical engineering student. In 1994, I went back and finally finished my bachelor's degree."