Wipro CEO Abidali Neemuchwala’s pay jumps 41% to Rs 27 crore

BENGALURU: WiproNSE -0.07 % chief executive Abidali Neemuchwala’s salary jumped nearly 41% to $3.95 million (approx Rs 27 crore) in fiscal year 2019, with variable pay forming a significant chunk, regulatory filings by the company show. He earned $2.8 million in the previous year. Chairman-designate Rishad Premji’s compensation grew by 9%, while chief financial officer Jatin Dalal’s pay increased 23% during the same period, according to the filings.

Neemuchwala and Premji both receive their variable pay annually, unlike other executives who get it through a quarterly performance-linked scheme. “The remuneration of executive officers is computed on accrual basis. It also included