Azim Premji’s pay package rose 95 per cent to USD 262,054 in FY’19: Wipro

Wipro’s outgoing Executive Chairman Azim Premji saw his pay package rise almost 95 per cent to USD 262,054 (about Rs 1.81 crore) during fiscal 2019. His son, Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home compensation of USD 987,652 (about Rs 6.8 crore) in 2018-19, Wipro said in a regulatory filing on Tuesday.

In dollar terms, this is 9.1 per cent more than the compensation of USD 904,528 that he drew in fiscal 2018.

Wipro Chief Executive Abidali Z Neemuchwala saw his pay package grow 41 per cent to USD 3.9 million (about Rs 27.3 crore) during 2018-19 as compared with the previous fiscal.