Azim Premji’s pay package rose 95% to Rs 1.81 crore during FY19: Wipro

Wipro’s outgoing Executive Chairman Azim Premji saw his pay package rise almost 95 per cent to $262,054 (about Rs 1.81 crore) during financial year 2019.

His son, Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home a compensation of $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 $904,528 that he drew in financial year 2018.

Wipro Chief Executive Abidali Z Neemuchwala saw his pay package grow 41 per cent to $3.9 million (about Rs 27.3 crore) during 2018-19 as compared with the previous financial year. Last week, Wipro had said its founder Azim Premji will retire by July-end and handover reins of the firm to his son, Rishad.