If you look at the list of richest Indians over the years, you’ll see Mukesh Ambani and Gautam Adani leading the list for the past few years. But if you look further back, you’ll be able to notice Wipro’s former chairperson Azim Premji among the top two richest Indians. Premji has been in the list of richest Indian people for more than two decades now. The former Wipro executive took the lead of the company that is worth over Rs 90914 crore now, when he was just 21 years old. After taking the company to new heights for around 53 years, Azim Premji handed over the reins of the multinational company to his son Rishad Premji.
Azim Premji’s son Rishad Premji is now the Executive Chairman of Wipro Limited which has more than 250,000 employees in six continents. Rishad joined Wipro in 2007 and worked in several roles before becoming Executive Chairman in 2019. With An MBA from Harvard Business School and a B.A. in economics from Wesleyan University in the US, Rishad Premji served as a Chairman of NASSCOM for the financial year 2018-19.
Currently staying in Bangalore with his wife and two kids, Rishad Premji took a massive pay cut a few months ago that nearly halves his annual earnings from the previous year. The Wipro Chairman took a compensation of less than 8 crore ($951,353) in the financial year 2022-23. Rishad reportedly opted for a voluntary pay cut in the view of the negative performance at Wipro’s IT services business. During the Covid-19 pandemic in the year 2019-20, Rishad opted for a 31% pay cut.
