However, Premji’s earnings remained significantly lower than those of CEO Srinivas Pallia, who took home $6.2 million (around ₹53.6 crore) during the same period, according to the company’s latest 20-F filing with the US Securities and Exchange Commission.
In FY24, Premji had voluntarily taken a 20% pay cut and foregone his commission due to a dip in consolidated profits. His total earnings that year stood at $769,456 (₹6.4 crore). The turnaround in FY25 — driven by an 18.9% rise in net profit to ₹13,135.4 crore — allowed him to collect a higher payout, although he received no stock options for the year.
Pallia, who stepped in as CEO and Managing Director on April 7, 2024, received a compensation package that included $1.7 million in salary and allowances, $1.7 million in commission and variable pay, $2.8 million in ‘other’ components, and $68,850 in long-term compensation. He was also awarded 16.77 lakh stock options with staggered lock-in periods.
Notably, Pallia’s FY25 compensation is less than half of former CEO Thierry Delaporte’s FY24 salary, which stood at $20 million (around ₹168 crore) — one of the highest among Indian IT executives in recent years.
Both Premji and Pallia are eligible for a 0.35% commission on Wipro’s incremental consolidated net profits over the previous fiscal year, the filing noted.
(With inputs from PTI)
