Premji and Associates Portfolio

Premji and Associates is an investment portfolio that is associated with Azim Premji, an Indian business entrepreneur and the former chairman of Wipro Ltd. As of September 30, 2024, Premji and Associates publicly holds one stock – Wipro Ltd. The net worth of the portfolio is estimated to be around 215,601 crore rupees as of September 2024. Here in this article, we shall explore all about Premji and Associates – Portfolio, Deals, Investment, Stock Analysis, and its founder Azim Premji’s growth and more.

Premji and Associates Portfolio

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In Dec 2022, Premji and Associates had 3 holdings – Wipro Ltd., Balram Chini Mills Ltd. and Tube Investment of India.

As of June 2023, it was only 2 holdings - Wipro Ltd., and Balram Chini Mills Ltd.

Now, as of September 30, 2024, Premji and Associates publicly holds only one stock – Wipro Ltd.

Holding value: 215,601.3 crore

Source: Trendlyne.

Premji and Associates Stock Analysis

The stocks in a portfolio can tell us a lot about the investment strategy. The stock analysis of the stocks in Premji and Associates is as follows:

Wipro Ltd.

Headquartered in Bangalore, India, Wipro is a global technology services and consulting company that provides IT solutions and services including System integration, Network integration, Software solutions, Digital analytics, Application development and maintenance, Technology infrastructure services, Package implementation, R&D services.

Wipro is a leader in the Indian market for corporate IT solutions and services. The company not just operates in the Indian market, but also in the Asia-Pacific and Middle East markets, and other countries.

Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - BSE and NSE.

Key Performance Indicators

• Market Cap ₹2,96,476 Cr.
• Current Price ₹567
• High / Low ₹583 / 392
• Stock P/E 25.2
• Book Value ₹156
• Dividend Yield 0.18 %
• ROCE 16.9 %
• ROE 14.3 %
• Face Value ₹2.00

Data as on Nov 15, 2024

Bulk and Block Deals of Premji and Associates

Premji and associates regularly does trading in bulk and block deals. A block deal is a single trade where at least 5 lakh shares are transacted or the total transaction value is at least Rs 10 crore. A bulk deal occurs when a transaction involves more than 0.5% of a company's total equity shares.

Premji Invest, and its affiliates have been involved in several bulk and block deals, including:

Wipro

In November 2024, Premji Invest's Prazim Trading and Investment Company Pvt Ltd bought 1.62% of Wipro through a block deal on the National Stock Exchange (NSE). The average price per share was Rs 560, and the transaction value was Rs 4,757.43 crore.

Other Bulk and Block Deals

• Ambuja Cements: PI Opportunities AIF V LLP bought 0.12% of Ambuja Cements at Rs 579.35 each in November 2024.
• Divi's Laboratories: PI Opportunities AIF V LLP bought 0.12% of Divi's Laboratories at Rs 5,979.65 each in November 2024.
• Godrej Consumer Products: PI Opportunities AIF V LLP bought 0.11% of Godrej Consumer Products at Rs 1,269.35 each in November 2024.
• Medplus Health Services: Premji Invest sold 2.94 million shares of Medplus Health Services in an open market transaction, generating Rs 200 crore.

What is Premji Invest (PI)? What Does the Company Do?

Premji Invest (PI) is a privately held investment firm that supports the Azim Premji Foundation and invests in companies in India and overseas. The primary goal is to support the foundation's philanthropic initiatives that aim to improve the lives of the underprivileged.

Besides, PI:

• Invests in emerging technologies in areas like financial services, technology, consumer, healthcare, and industrials.
• Nurtures entrepreneurship by helping founders build and grow their ideas into companies that solve some of the country's biggest challenges.
• Partners with companies from inception to IPO and beyond, providing support in talent acquisition, business development, and investor syndicate building.
• Provides long-term strategic guidance to emerging enterprises.
• The profits generated from PI's investing activities support the Azim Premji Foundation.

Premji and Associates – The Early Days and History

Premji and Associates is run and managed by Azim Premji but its roots date back to 1945 when Azim Premji's father, Mohamed Hashim Premji started a vegetable oil company in Amalner, Maharashtra. This company was Western Indian Vegetable Products Ltd. It was the same year when Azim Premji was born. After 21 years of its establishment, the company lost its founder and soon Premji dropped out of Stanford University and took over the company in 1966 at the age of 21. Azim Premji changed Western Indian Vegetable Products Ltd to Wipro Ltd.

Under the new Premji scion, the business diversified from a vegetable oil company to becoming an enterprise. In 1979, the company forayed into the Infotech business and later into other divisions including precision engineering, consumer care, lighting, and healthcare systems.

Wipro Growing in the IT Sector

Wipro became an IT powerhouse in 1979. When technology stocks soared in 1990, the value of Wipro also increased, making Azim Premji one of the wealthiest entrepreneurs globally. The success of the company and its chairman started inflating the value of the company as it expanded from 1 country to 50 countries. As of 2024, the annual revenue of Wipro Limited is US$ 11 bn. The company also has several subsidiaries – Appirio, Capco, Designit, and Topcoder.

The Growth Story of the Founder – Azim Premji

Azim Premji's growth story is one that shows how a leader can scale from being a corporate leader to a philanthropist and visionary.

His early life involved overcoming challenges and redefining an Indian IT giant. His personal wealth and achievements have made him a true icon of India Inc.