The tech tycoon's Wipro, the country's third-largest outsourcer, has picked up speed, reporting a 30 percent jump in net profits to $351 million in the last quarter. Premji's son Rishad, who heads strategy, has lately been orchestrating some big moves, notably a $195 million acquisition of atco I-Tek, the IT services arm of Canada's atco. In July, Wipro set up a $100 million venture capital fund also under Rishad's charge that will invest in tech startups.
Fast Fact: Premji's private investment arm has stakes in fashion etailer Myntra-now part of Flipkart, considered India's Amazon-and ecommerce firm Snapdeal.