A MILLIONAR STORY Must Read....!!! How Rs. 10000 invested in wipro 1980 become Rs 598cr..................... THE JOURNEY TO WEALTH From then on Mohammed age of 20 started to think himself as part owner of WIPRO (and rightly so) and vowed never to sell a single share till Azim Premji(Wipro Founder ) is at the helm. Here is how his initial investment of Rs.10,000 grew to over Rs.598 crores.He had invested in 100 shares at face value of Rs.100 in 1980. The initial investment was Rs.10,000.In 1981, the company declared a 1:1 bonus. He now had 200 shares.In 1985, the company declared 1:1 bonus. He therefore had 400 shares.In 1986, the company split the share to Rs.10. He thus had 4000 shares.In 1987, the company declared 1:1 bonus. He hence had 8000 shares.In 1989, the company announced a 1:1 bonus. Now he had 16,000 shares.In 1992, the company declared a 1:1 bonus. By now he had 32,000 shares.In 1995, the company declared a 1:1 bonus. He then had 64,000 shares.In 1997, the company declared 2:1 bonus. He now held 1,92,000 shares.In 1999, the company split the share to Rs.2. He now had 9,60,000 shares.In 2004, the company declared 2:1 bonus. He thus had 28,80,000 shares.In 2005, the company declared 1:1 bonus. He came to have 57,60,000 shares.In 2010, the company declared 2:3 bonus. He now had 96,00,000 shares.The current market price is Rs.500 per share. The shares are valued at Rs.480 crores.In the past 33 years, the company regularly paid out dividends and increased them almost every year. Cumulatively he received Rs.118 crores as dividend over the past 33 years. Thus by investing Rs.10,000,Mohammed gained Rs.598 crores.He is now retired and donates freely to charity from the dividends he receives. His foreign educated children often advice him to sell the shares but he has kept his vow of not selling a single share till Mr.Azim Premji is the working Chairman.This is a lesson - both in patience and conviction... SO Start Invest Early to gain more....!!!😊😊😊
Posted on: Sat, 05 Jul 2014 05:27:06 +0000
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