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Rs 798 million: this is the salary of the highest paid CEO in the Indian IT sector. Do you know who it is?

Wipro CEO Thierry Delaporte has been named India’s highest-paid IT executive, according to filings with the U.S. Securities and Exchange Commission. His annual compensation for the financial year ending March 31, 2022 was $10.51 million (798 million rupees).

Delaporte’s annual compensation in FY21 was $8.7 million. Because the 55-year-old joined the organization in July 2020, his compensation was nine months that year.

In FY22, Wipro’s CEO earned $1.74 million in salary and allowances, $2.55 million in commissions and variable compensation, and $4.2 million in other company benefits .

Long-term compensation and deferred benefits made up the bulk of Delaporte’s overall compensation.

Wipro shareholders accepted Delaporte’s package, which includes one-time cash awards, at the company’s annual general meeting in July 2020.

Meanwhile, Wipro Chairman Rishad Premji earned $1.82 million in FY22, up from $1.62 million a year earlier.

The president’s salary has risen to Rs 138 million from Rs 118 million last year in terms of rupees. Premji, on the other hand, did not get any stock options in FY22.

It comes after Infosys’ annual report revealed that Salil Parekh, the company’s CEO, received a salary increase of 43% to 71 million rupees in FY22. His compensation was increased by the company to 797 million rupees, an increase of 88% from its previous deal.

TCS CEO and Managing Director Rajesh Gopinathan received a salary package of Rs 258 million for FY22, up 26.6% year on year, according to the company’s annual report.

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Post expires at 10:25am on Monday June 20th, 2022