Azim Premji’s long era as the chairman of Wipro is coming towards its end. Wipro, which is one of the biggest software company will now be handed over to Rishad. He is the eldest son of Azim Premji.  In addition, headquartered at Bengaluru, declares on 6th June about Premji’s, stepping down from the post of chairman by July 30.

However, he will continue to serve as a non-executive director over its board for around 5 years, from July 31. He had been given the title of founder chairman of Wipro. “Rishad Premji, who is currently CEO & fellow of the board, will take over reins of the company. This will be with effect from July 31,” Wipro voices in a declaration.

With the progression preparation, the company announces discussing the supplementary position of Wipro’ managing director to CEO. Also, Abidali Z Neemuchwala, an Executive Director of the company. Besides being the executive chairman, Premji is also the managing director of the company.

“It is been a long as well as a satiating journey for myself. Now when I eye in the future, I strategize of devoting more time towards our charitable activities,” says Premji.

“I have got abundant sureness plus confidence in the leadership quality of Rishad. He can surely pilot Wipro towards its next phase of development as we move ahead.” Nevertheless, Premji will continue as the Chairman of Wipro Enterprises. This is an unlisted company focusing on non-IT businesses. Also, Wipro-GE, which is the Healthcare, the company’s joint project along with GE.

Premji personalizes an uncommon accomplishment story of corporate India. This was transmuting a lesser hydrogenated cooking fat company. To nearly $8.5-billion IT services corporation for the past 3 decades.

As per the analysts of the industry, not like many family-owned business houses within India. Wipro had been functioning over progression planning for some spell with Rishad. While he was getting training for stepping into the shoes of Premji.