Rishad Premji’s pay doubles; still no match to that of Wipro CEO

Bengaluru: Wipro Ltd Executive Chairperson Rishad Premji's remuneration more than doubled to $1.6 million, however was much lesser than company Chief Executive Officer (CEO) Srinivas Pallia's earnings of $6.2 million in the financial year 2025 (FY25), according to the company's latest annual report. Pallia was appointed the CEO last year in April after Thierry Delaporte's resignation.

Notably, Thierry Delaporte’s compensation was much higher than Pallia’s in FY25. Delaporte’s FY24 salary was $20 million, one of the highest paid CEOs in India’s IT industry. 

Rishad Premji and Srinivas Pallia are also entitled to a commission at the rate of 0.35% on incremental consolidated net profits of the company over the previous fiscal year.

In FY24, Premji had voluntarily taken a 20% pay cut and foregone his commission due to a dip in consolidated profits. He earned a total of $769,456 million that year. The turnaround in FY25 — driven by an 18.9% rise in net profit to Rs 13,135.4 crore allowed him to collect a higher payout, although he received no stock options for the year.

Wipro CEO Thierry Delaporte speaks during a press conference announcing the company.