Premji and Associates Portfolio, Latest Holdings, Net Worth & more
Premji and Associates is a renowned name for the largest portfolios in the nation. Azim Premji, the man behind Premji associates, is the former chairman of Wipro.
An origination that is among the largest IT companies in India.
In this article, we will take a brief look at the life and career of Azim Premji.
We will also discuss the Portfolio Premji and Associates have built in the past years.
The article will talk about the various holdings in their Portfolio and the changes that have taken place in their portfolio during the last few years.
About Premji and Associates
Azim Hasham Premji, commonly known as Azim Premji, is a renowned name in the Indian IT industry.
He served as a chairman of Wipro, formerly known as Western Indian Vegetable Products Ltd.
The company was started by Azim Premji’s father, Muhammed Hashim Premji, as a vegetable oil manufacturing company in 1945.
However, after the demise of his father in the year 1966, Azim Premji took charge at the age of 21.
Before taking charge of his father’s company, Azim Premji was an engineering student at Stanford University.
Due to his father’s sudden death, he decided to postpone his graduation and fly back to India.
Under his leadership, he decided to change the company’s fate by diversifying and producing various products, including soaps, lightbulbs, etc.
In 1977, Azim Premji decided to rename the company Wipro, and in 1979, when the Indian Government ordered IBM to leave, Premji decided to expand in that domain.
This led to the beginning of Wipro’s journey in the IT sector that made it one of the world’s largest IT and Consultancy firms.
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Premji and Associates Latest Portfolio & Holdings
Now that we have gained some insights into the past life and career of Azim Premji let us take a look at his holdings under the bigger umbrella of Premji and Associates.
As per the reports of quarter 4, i.e. December 2021, Premji and Associates have 4 stocks in their Portfolio, forming a net worth of more than 287,119 crore rupees.
Holdings in Craftsman Automation Limited.
Craftsman Automation Limited is the most recent addition to the Portfolio of Premji and Associates. It was added to the Portfolio in the third quarter of 2021 only.
Premji and Associates hold a combined total of 1.1% stake in the company’s share capital. Their holdings in Craftsman Automation are worth more than 53.1 crore rupees.
Holdings in Wipro Ltd.
As we discussed earlier, Azim Premji is the former chairman of Wipro Limited and the man behind its success.
Therefore, a whopping percentage of Wipro Limited’s share capital is a part of Premji and Associates’ portfolio.
As of December 2021, they held a 72.9% stake in the total share capital of Wipro Limited, which is 1% lesser than their total stake in December 2020.
This stake in the company amounts to 285,685 crore rupees, spread among multiple holder names. Among these names, the ones with major holdings are :
- ZASH TRADERS, 20.7%
- PRAZIM TRADERS, 20.4%
- HASHAM TRADERS, 17.0%
- AZIM PREMJI TRUST, 10.2%
Holdings in Trent Ltd.
In terms of monetary value, Trent Ltd. is the second-largest holding in the Portfolio of Premji and Associates.
In the previous quarter, December 2021, they had a stake of 1.6% in Trent Limited. This is equivalent to 5,533,597 shares and amounts to approximately 586.6 Crores.
However, there have been minor changes in this holding across various quarters.
For example, in December 2019, the holding was equivalent to 2.6%, which gradually fell to 2.1% in March 2021 and ultimately fell to 1.6% in the last quarter.
Holdings in Tube Investments of India Limited.
The holdings of Premji and Associates in Tube investments of India limited is a little upheaval and interesting.
In the last quarter, Premji and Associates held a nearly 1.5% stake in the total share capital of Tube Investments of India Limited.
This amounted to a total of nearly 530.1 crore rupees and 2,820,161 shares. What’s more interesting is that Premji and Associates’ holding in the second quarter of 2021 was 3%.
Therefore, they diluted nearly 50% of their Portfolios holding in Tube Investments of India Limited.
Note: Another stock worth mentioning in the Portfolio of Premji and Associates is Zydus Wellness Limited.
Till quarter 2 of this year, i.e. June 2021, Premji and Associates held nearly 1.2% stake in the company.
However, in the last quarter, they diluted it all. Therefore, presently Premji and Associates have no holdings in Zydus Wellness limited.
Premji and Associates Portfolio in 2020
The year 2020 was undoubtedly a roller coaster ride for every investor. Thus, Premji and Associates’ portfolio was no different.
In the first Quarter of 2020, there were only three holdings in their Portfolio: Zydus Wellness Ltd, Wipro Ltd, and Trent Ltd. These holdings were 1.4%, 74%, and 2.6%, respectively.
However, they diluted some shares in Trent Ltd. over time, and it dropped down to 1.9% from 2.6%.
A major addition that was made in the Portfolio of Premji and Associates was in the final quarter, i.e. Dec 2021, when they added a 2.8% stake in Tube Investments of India Ltd.
After this addition, the net worth of Premji and Associates by the end of 2020 was nearly 299,201 crore rupees.
Premji and Associates Portfolio in 2019
During the year 2019, Premji and Associates did not make any major changes in the percentage of their holdings.
However, their portfolio stocks were not the same as in 2020. Their Portfolio in 2019 included five major holdings that were:
- JK Lakshmi Cement Ltd, 1.5%
- Trent Ltd, 2.6%
- Voltas Ltd, 1.1%
- Wipro Ltd, 74%
- Zydus Wellness Ltd, 1.4%
If we talk about the stake in these holdings, there were no major changes during 2019. Premji and Associates had the same stake in JK Lakshmi Cement Ltd, Voltas Ltd, and Zydus Wellness Ltd throughout the year.
However, they diluted nearly 0.2% stake in Trent Limited and added a 0.2% stake in Wipro Ltd. in 2019.
As a result, the net worth of Premji and Associates portfolio at the year-end of 2019 was 304,320 crore rupees.
Premji and Associates Portfolio in 2018
The net worth of Premji and Associates portfolio in 2018 was nearly 241,403 crore rupees.
If we look at the holdings in their Portfolio, it was somewhat similar to their Portfolio in 2019.
The only changes in the list were DCB Bank Ltd and Container Corporation of India Ltd.
Following were the holdings in the Portfolio of Premji and Associates:
- JK Lakshmi Cement Ltd, 1.3%
- Trent Ltd, 2.8%
- Wipro Ltd, 74.2%
- Zydus Wellness Ltd, 2.1%
- Container Corporation of India Ltd, 1%
- DCB Bank Ltd, 2.2%
Premji and Associates maintained a constant stake of 2.8% in Trent Ltd, 74.2% in Wipro Ltd, 2.1% in Zydus Wellness Ltd, and 1% in Container Corporation of India Ltd. throughout 2018.
However, they diluted a nearly 0.7% stake in DCB Bank and added a 0.3% stake in JK Lakshmi Cement Ltd. by 2018.
What is Premji and Associates’s Net Worth?
|Premji and Associates’s Networth|
The table talks about the net worth of the Portfolio of Premji and Associates across various years.
Therefore, it also helps us understand the % change in the net worth. So let us now look at the table and try to understand Premji and Associates’ net worth in detail.
If we try to analyze the above table, it becomes clear that the net worth of Premji and Associates was nearly 101,623 crores at the end of March 2016.
However, it drastically fell by 24% in the next quarter. As a result of which their net worth dropped to 76,542 crores.
As time passed, the value of their Portfolio kept rising, and by the end of September 2017, it was to the benchmark of nearly 102,327.
Similar to what it was in March 2016. At the end of 2018, the net worth of Premji and Associates was 111,965.
If we compare it with September 2017, there was no major change in net worth due to the sharp fall of nearly 11% in March and 7% in June 2018.
Presently the net worth of Premji and Associates is nearly 287,119 crore rupees making it one of the largest portfolios in the country.
Premji and Associates Portfolio – Conclusion
As mentioned earlier, the net worth of Premji and Associates is 287,119 crore rupees which makes them some of the richest investors in India.
Currently, the 4 holdings in their Portfolio are Craftsman Automation Ltd, Wipro Ltd, Trent Ltd, and Tube Investments of India Ltd.
Among these 4, they hold a major stake of nearly 72.9% in Wipro Ltd. as Azim Premji was the former chairman of Wipro Ltd.
Time and again, Azim Premji has proven to be one of India’s greatest entrepreneurs and investors.
Not only by building a tech giant like Wipro but also by creating one of the largest portfolios in India under the bigger umbrella called Premji and Associates.
Want to Invest like Premji and Associates? – Fill up the form below
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