INDIA's richest man with a net worth of US$5.9bil, Azim Premji believes his company Wipro Ltd, can be the worlds top 10 service provider very quickly.
Wipro is India's diversified information technology (IT) firm that serves over 300 global leaders, including Boeing, Ericsson, Toshiba, Seagate, IBM, Microsoft, NCR, Sony, United Technologies, NCR and Thames Water.
Although the company is one of the leaders in IT in India, he said we are never satisfied with what we (Wipro) have achieved (thus far), Premji told Malaysian journalists in Mumbai recently.
As to the company's operations in Malaysia, he said: We have an office in Malaysia and we have plans to expand our presence there. We are also doing some work for some companies, including Petronas.
We see ourselves getting more (contracts in Malaysia). We are talking to several parties, the chairman of Wipro said.
During the second India-Asean Business Summit held in New Delhi and Mumbai, Wipro signed an RM30mil deal to provide software solutions to Malacca's Southern Hospital.
Premji, an engineer by profession, declines to talk about how he amassed so much wealth. However, he said, the route to success involved hard work and believing in yourself.
It was Premji who transformed the company that sold edible oils into one which is working on the cutting edge of technology. In the process, he became a global scale entrepreneur.
As to why the company chose to be in the IT sector, he said: We wanted to get into the service and technology business, a business which we can afford, and we believed the growth rates would be higher and we could add more value.
Wipro is an example of a home-grown Indian company which has made it big in the international arena. Others include Infosys, HCL Technologies, and Satyam.
But there is a host of others in different sectors too. Ranbaxy Laboratories Ltd and Dr Reddy's are examples of home-grown biotechnology and pharmaceutical giants who have international presence.
Ranbaxy's products are sold in 70 countries and it has seven manufacturing plants, one of which is located in Kedah. Its overseas markets account for 72% of its global sales.
But when Ranbaxy started off it sought help from the National Small Industries Corp (NSIC), said NSIC deputy general manager N.S. Padmanabhan.
NSIC was established in 1955 to grow the SMI sector. Thus far about half a million SMEs have been created and many now supply to the multinationals operating in India.
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