The Impressive TimesBengaluru: In a surprising turn at the top of Wipro’s leadership, newly appointed CEO and MD Srinivas Pallia outpaced Executive Chairman Rishad A Premji in total earnings during the financial year 2024–25, according to the company’s latest filings.
Pallia’s total remuneration stood at USD 6.28 million—almost four times higher than Premji’s USD 1.61 million. The breakdown shows Pallia earned USD 1.7 million each in salary and performance-based incentives. A further USD 2.8 million came from other pay components, and deferred benefits, including stock units, added another USD 68,850 to the total.
In contrast, Rishad Premji’s salary was USD 707,521, with variable pay accounting for USD 824,233. His deferred benefits, primarily tied to long-term social security schemes, came in at USD 77,123. Notably, he received no stock options in FY25.
Both leaders are eligible for a 0.35% commission on Wipro’s net profit growth over the previous fiscal year.
The company highlighted that its executive pay package includes fixed salaries, incentive-linked variable pay, and long-term rewards through Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), which are structured to vest over time.
Meanwhile, CFO Aparna C. Iyer earned a total of USD 846,735, with key components being a base salary of USD 219,943, variable pay of USD 136,770, and additional benefits totaling USD 450,371.
The disclosure also included final details of former CEO Thierry Delaporte’s compensation, who stepped down in early April 2024 and was formally relieved by the end of May.
Wipro’s report underscores the shifting dynamics in executive compensation, with performance-based rewards taking center stage in the company’s leadership strategy.
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