Wipro chief Rishad Premji earned Rs 64100000 salary, his father Azim Premji got…

Azim Premji’s Wipro is one of the most valuable IT companies in India with a market cap of Rs 257000 crore. The company is often in the news for its business announcements, work ethics and philanthropy. Known as one of the most generous men in India, Azim Premji took Wipro to new heights and it is now spearheaded by his son Rishad Premji. Rishad Premji is the executive chairman of Wipro which is one of the biggest IT firms in India with a massive market cap of Rs 243000 crore. Currently staying in Bangalore with his wife and two kids, Rishad Premji took a massive pay cut for the second consecutive year in FY24. The Wipro Chairman took a compensation of around 6.5 crore ($769,456) in the financial year 2023-24 which is down by Rs 14000000 from his compensation of the previous year which stood at Rs 7.9 crore ($951,353). 

Rishad reportedly opted for a voluntary pay cut in the view of the negative performance at Wipro’s IT services business. On the other hand, Azim Premji got salary of Rs 1.05 crore. Out of this Rs 5 lakh was sitting fees and the rest was commission.

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. He is now the Executive Chairman of Wipro Limited which has more than 250,000 employees in six continents.