Wipro chairman Azim Hasham Premji has once again proved to be one-up on his software peers, this time in losing wealth. In the last two trading sessions on April 10, 11 on BSE, Premji’s wallet was short of a whopping Rs 5,921.39 crore as Infosys’ guidance missile hit the rest of the technology stocks. The markets were closed on Monday due to Ambedkar Jayanti.As Infosys announced its annual earnings on April 10 with a grim outlook for financial 2003-04, technology stocks tanked on the bourses. Premji, who owns 83.91 per cent of Wipro Ltd. or 19.52 crore shares, saw his networth plunging from Rs 24,056.45 crore on April 9 to Rs 18,135.06 crore on April 11.Incidentally, while the five Infosys founders collectively lost around Rs 2,400 crore in two days, the richest man in India alone lost Rs 5,921.39 crore in the same period. As for the Infosys promoters, N.R. Narayana Murthy and family, who own 48.2 lakh shares, saw their wealth coming down from Rs 2,004 crore on April 9 to Rs 1,261 crore on April 11. Nandan Nilekani and family with 33 lakh shares saw their networth shrinking from Rs 1,372 crore to Rs 863 crore, S Gopalakrishnan and family with 31.8 lakh coming down to Rs 832 crore from Rs 1,322 crore, K Dinesh and family with 23.3 lakh shares showing a decline from Rs 968 crore to Rs 609 crore. S.D. Shibulal also lost Rs 325 crore as his networth came down from Rs 877 crore to Rs 552 crore.Even as investors keep counting their losses Wipro will be announcing its annual financial results on Thursday.
