Azim Premji’s Salary Rose 95% To Rs 1.8 Crore In 2018-19, Says Wipro
Wipro Ltd.’s outgoing executive chairman Azim Premji saw his salary rise almost 95 percent to $262,054 (about Rs 1.81 crore) during 2018-19.
His son, Rishad Premji, who is set to take over the reins of the Bengaluru-based IT firm, took home $987,652 (about Rs 6.8 crore) in 2018-19, Wipro said in a regulatory filing on Tuesday. Wipro chief executive officer Abidali Neemuchwala saw his salary grow 41 percent to $3.9 million (about Rs 27.3 crore) in 2018-19 as compared with the previous fiscal.
As per Tuesday’s filing, Azim Premji received $62,322 in salary and allowances, $131,231 as commission/variable pay, $55,705 (others) and $12,796 in long-term compensation in 2018-19.
Neemuchwala received over $1 million in salary and allowances, $891,760 as commission and variable pay, over $2 million (others) and rest in long-term compensation in 2018-19, the filing added.