Wipro chairman Rishad Premji takes 50% pay cut, CEO Delaporte 5%

Wipro executive chairman Rishad Premji’s compensation was reduced by almost half in the financial year 2022-23 from the previous year. This was due to negative performance in the company’s IT services business, as per company filings reported to the exchanges on Thursday (May 25).

Compensation details

In the fiscal year 2023, Premji’s salary stood at $951,353, down 47% from $1,819,022 in FY22, the company reported in its annual report to the exchanges, under international financial reporting standards (IFRS) for American depository shareholders (ADS).