Wipro’s CEO Srinivas Pallia set to get annual remuneration of about $6 mn

Wipro’s new CEO Srinivas Pallia will receive an annual remuneration of up to $6 million (about Rs 50 crore), according to a regulatory filing by the Bengaluru-headquartered IT company.

Earlier in April, Wipro announced the appointment of Pallia as its new CEO and MD, following the sudden resignation of Thierry Delaporte. Delaporte’s annual salary of over Rs 80 crore at Wipro had made headlines last year.

According to a Wipro filing related to notice of postal ballot, Pallia’s remuneration will range between $3.5 million to $6 million per annum (at the lower and upper end of basic and target variable pays).