At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector

The Wipro CEO's package in FY22 was Rs 79.8 crore while the Infosys CEO, Salil Parekh drew Rs 71 crore, and the TCS CEO & MD, Rajesh Gopinathan drew 25.8 crore

Thierry Delaporte
Wipro CEO Thierry Delaporte
BS Web Team New Delhi
2 min read Last Updated : Jun 10 2022 | 1:02 PM IST
Wipro CEO Thierry Delaporte has become Indian IT sector's highest paid executive as papers filed with the US Securities and Exchange Commission showed that his annual pay package in the fiscal year ending March 31, 2022, was Rs 79.8 crore ($10.51 million). 

In FY21, Delaporte’s annual salary was Rs 64.3 crore ($8.7 million). His compensation figure was for nine months in that year as the 55-year-old joined the company in July 2020. 

The Wipro CEO in FY22 took home Rs 13.2 crore ($1.74 million) in salary and allowances, Rs 19.3 crore ($2.55 million) in form of commissions and variable pay, while in terms of other benefits, he received Rs 31.8 crore ($4.2 million) from the company. The rest of Delaporte’s pay package was formed by long-term compensation or deferred benefits. 

Delaporte’s package also includes one-time cash awards which was approved by Wipro's shareholders at the company's annual general meeting in July 2020. 

Meanwhile, Wipro chairman Rishad Premji in FY22 took home $1.82 million, as compared to $1.62 million last year. 

In rupee terms, the chairman's compensation jumped to Rs 13.8 crore from Rs 11.8 crore last year. However, Premji was not given stock options in FY22. 

This comes after Infosys' annual report said that its CEO, Salil Parekh's compensation jumped 43 per cent to Rs 71 crore in FY22. The company has now revised his salary, to Rs 79.75 crore, up 88 per cent from his previous package.

At India’s largest IT services company TCS, its CEO and MD Rajesh Gopinathan received a remuneration package of Rs 25.8 crore for FY22, up 26.6 per cent on year, the firm's annual report showed. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :WiproInfosys TCS

Next Story