Wipro new CEO Srinivas Pallia to get over Rs 37 crore per annum

BENGALURU: IT major Wipro’s newly appointed CEO and MD Srinivas Pallia will receive an annual compensation in the range of Rs 37 crore to over Rs 58 crore ($4.5 million to $7 million).

According to a regulatory filing, his basic pay will be in the range of $1,750,000 per annum to $3,000,000 per annum and target variable pay will be in the range of $ 1,750,000 per annum to $3,000,000 per annum. In total, this comes to $3.5 million – $6 million.