Rishad Premiji’s salary decreased by 50 percent due to the decrease in Wipro’s profit.

Wipro Chairman Rishad Premji Salary: The country’s leading IT company Wipro is trying to cut its expenditure due to the possible recession. Now Wipro Chairman Rishad Premji, taking a big decision, has cut his salary package by up to 50 percent. In the financial year 2022-23, which ended on March 2023, Rishad Premji’s salary has been halved. According to the report of CNBC, according to the Form 20-F filing in the US Securities and Exchange Commission, Rishad Premji’s salary in FY 2022 was $ 1,819,022 (ie about Rs 815 crore), which decreased to $ 951,353 (about Rs 8 crore) in FY 2022. happened. According to reports, the chairman of Wipro himself has reduced his salary to cut costs.

cut here too

Along with this, after the Corona epidemic, Rishad Premji had cut his salary by a total of 31 percent. Along with this, the company has also informed in the filing that due to decline in net profit, the company has not paid commission to them. Along with this, he was also going to get a cash bonus which has not been given to him. At the same time, for the financial year 2019-20, he was given a compensation of only $ 0.68 as against $ 0.98 million in the previous year. At the same time, the company’s CEO Thierry Delaporte has received a total salary of more than $ 10 million in FY 2023. In such a situation, it is 0.5 million less than in the previous financial year.

The salary of the company’s CFO also decreased

The salary of Jatin Pravinchandra Dalal, Chief Financial Officer (CFO) of Rishad Premji’s company has also been cut. He has received a total compensation of $ 1.1 million i.e. Rs 8.9 crore in the financial year 2022-23. Whereas last year this figure was 1.6 million i.e. 12.1 crore rupees.

The results of the company were not as expected.

The results of India’s renowned IT company Wipro have been disappointing this year. In the fourth quarter, a total decline of 0.4 per cent has been recorded in the profit of the company and it came down to Rs 3,074.50 crore. At the same time last year, the company’s profit during this period was Rs 3,087.30 crore. During this period, the total revenue of the company was Rs 23,190.30 crore, which was 11.17 percent more than the previous year.

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