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

Wipro executive chairman Rishad Premji’s compensation almost halved in the financial year 2022-23 from the previous year, due to negative performance in its IT services business, company filings show.

Chief executive Thierry Delaporte’s compensation also fell, but by a smaller 5%.

In FY23, Premji received $951,353 (Rs 7.9 crore) in salary, compared with nearly $1.82 million the year before, the company said in its annual report to the US Securities and Exchange Commission.

Premji is entitled to a commission at the rate of 0.35% on incremental consolidated net profit of Wipro Ltd over the previous fiscal year, said the report.