Wipro’s executive chairman Rishad Premji takes pay cut

Wipro’s executive chairman Rishad Premji did not receive any variable or commission pay for the second consecutive year in FY24.

The variable or commission was withheld as the company’s incremental consolidated net profit during the fiscal was negative, Wipro said in its 20-F filing with the US Securities and Exchange Commission.

Meanwhile, the company’s former CEO Thierry Delaporte ranked as the highest-paid CEO among the Indian IT companies for the second year straight year, earning a total compensation of $20.11 million (around Rs 166.5 crore) in FY24.