Amalner - a city of millionaires, thanks to Wipro

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Amalner - a city of millionaires, thanks to Wipro

Companies are known to make shareholders a part of their growth story. CNBC-TV18’s George Koshy brings the story of a tiny hamlet near Maharashtra, Amalner, the city where Wipro started as a cupboard-manufacturing unit to then become a software giant. The surprise element is that a large number of residents here are a part of that growth story.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See latest News about Wipro See previous management interviews See what other Experts & Brokerages are saying about Wipro Wipro BSE | NSE 13/02/12 Are Mutual Funds betting on Wipro?

Companies are known to make shareholders a part of their growth story. CNBC-TV18's George Koshy brings the story of a company that's changed the existence of people in a tiny hamlet near Maharashtra.

60 kms from Jalgaon in Maharashtra, Amalner could be any other little town in India, with it's own small-town gossip and lanes and homes that are more than 250 years old, something that demand a historical antique value in itself. And now, add to it a set of millionaires who have this company to thank for their current status. The story of someone like Arvind Ramchandra and his wife Kapila, who's chance discovery of the value of these sheets of paper his father had left behind in their name turning around their debt infested lives, forever.

Arvind Ramchandra, a farmer in Amalner said, "We were truly going through difficult times and a friend of mine told me, 'hey, you are a rich man'. I couldn't believe my ears. Then a broker explained to me the true value."

And it's not an isolated incident here at Wipro