Azim Premji created the company Wipro when IBM exited the Indian market .
In the 1980s , the keen young entrepreneur , recognizing the importance of the emerging IT field , took advantage of the vacuum left behind by the expulsion of IBM from India , changed the company name to Wipro and entered the high-technology sector by manufacturing minicomputers under technological collaboration with an American company Sentinel  Computer Corporation ( Chakravarty , 1998:2 ) .