Latest news with #RishadPremji
NDTV
3 days ago
- Business
- NDTV
UP Man Cycles 2,300 km In 25 Days To Meet Wipro's Azim And Rishad Premji
A man from Uttar Pradesh's Meerut cycled 2,300 km over 25 days through intense heat and rain to reach Bengaluru, aiming to meet Wipro's former chairman, Azim Premji and his son, current chairman Rishad Premji. Monish Thakur, also known as Monish Rana, expressed that Azim Premji's initiatives in education and human welfare deeply inspired him, motivating his desire to meet Premji to offer good wishes and seek guidance. He chronicled parts of his challenging cycling journey from Meerut to Bengaluru on LinkedIn. In a lengthy post, he wrote, "I, Monish Thakur, am cycling from Meerut to Bengaluru – a long and exhausting 2,300-kilometre journey. Today, I have covered 2,100 kilometres, with just a few steps remaining. My goal is not just to reach a destination – I am on this journey to meet a person who has dedicated his life to social service, Shri Azim Premji sir, and his son, Rishad Premji sir. Their contributions to education and human welfare have always inspired me. I wish to meet them to seek their blessings and guidance." Photos posted on the platform capture him at different stages, riding a bicycle adorned with a placard displaying images of Azim Premji and Rishad Premji. He described his 2,300-km cycling journey from Meerut to Bengaluru as not only physical but also spiritual, stating, "With every pedal, I am learning something new – the love of people, the challenges of the road, and the passion to fight for my dreams. If you connect with my journey, please share this post and support me so that I can safely reach my mission and show the world that if your resolve is strong, no path is too long." Notably, he previously cycled 15 days in 2023 to Mumbai, where he waited three days outside Bombay House to meet Tata Sons chairman N Chandrasekaran. About Azim Premji Azim Premji, born July 24, 1945, is an Indian billionaire philanthropist and former chairman of Wipro Limited, a global IT company he transformed from a cooking oil business into a tech giant. Known as India's most generous philanthropist, he donated over $21 billion, including 67% of Wipro's shares, to fund the Azim Premji Foundation (est. 2001), which enhances India's public education system, impacting 8 million children. His initiatives also include Azim Premji University, health programs, and grants for marginalised communities. Inspired by Gandhi's trusteeship, Premji's philanthropy earned him accolades like the Padma Bhushan and Padma Vibhushan.
India.com
24-05-2025
- Business
- India.com
Salary of Wipro's Rishad Premji's jumped to Rs 136121680 but CEO Srinivas Pallia's package will leave you in shock, his salary is a massive Rs....
Salary of Wipro's Rishad Premji's jumped to Rs 136121680 but CEO Srinivas Pallia's package will leave you in shock, his salary is a massive Rs.... When we talk about richest individuals in the world, Elon Musk tops the list. And as far as company executives are concerned in India, Reliance always tops the list. But do you know, there is huge gap between a Executive Chairman and CEO's remuneration of a Indian company even after pay hike. Yes, we are talking about Wipro. Wipro Executive Chairman Rishad Premji's remuneration has doubled to about Rs 13.7 crore in the financial year 2024-25. However, this is much less than the annual income of about Rs 53.64 crore of the company's Chief Executive Officer (CEO) Srinivas Palia. This information has been given in the company's latest annual report. This is because, Rishad Premji did not take any 'commission' in FY 2023-24 as the company's incremental consolidated net profit was negative that year. That year he took a salary of about Rs 6.4 crore with a pay cut of about 20 percent. However, the Bengaluru-headquartered company's net profit grew 18.9 per cent to Rs 13,135.4 crore during FY 2024-25. According to the '20-F filing' (annual report) submitted by Wipro to the US Securities and Exchange Commission, Premji's remuneration will double to about Rs 13.7 crore in the financial year 2024-25, from about Rs 6.4 crore in the financial year 2023-24. At the same time, Srinivas Palia, who took over as CEO and Managing Director on April 7, 2024, received a remuneration of about Rs 53.64 crore in the financial year 2024-25. Palia's remuneration is less than half the salary of the company's former CEO Thierry Delaporte. Delaporte received a salary of around Rs 168 crore in the financial year 2023-24. According to the documents, Palia earned nearly $1.7 million as salary and allowances, nearly $1.7 million as commission/variable pay, nearly $2.8 million classified as 'other' and $68,850 as long-term compensation. According to this, Premji and Palia are entitled to get 'commission' at the rate of 0.35 percent on the incremental integrated net profit of the company compared to the previous financial year. In addition, Palia was also allotted 16,77,202 share options with different 'lock-in' periods. However, Premji was not given any share option in the financial year 2024-25.
New Indian Express
23-05-2025
- Business
- New Indian Express
Wipro CEO Pallia took home Rs 53.4 crore in FY25; Executive Chairman Rishad Premji's pay doubled
BENGALURU: Wipro CEO and MD Srinivas Pallia, who assumed the role in April last year, took home about Rs 53.4 crore ($6.27 million) in FY25, according to the IT services firm's latest 20-F filing with the US Securities and Exchange Commission. Interestingly, Wipro Executive Chairman Rishad Premji's remuneration more than doubled from Rs 6.4 crore in FY24 to about Rs 13.7 crore ($1.6 million) in FY25, due to the increase in the company's net profit. In FY24, Rishad Premji did not take any variable pay. He was entitled to a commission at the rate of 0.35% on incremental consolidated net profits of the company over the previous fiscal year. "However, in light of the fact that the incremental consolidated net profits for fiscal year 2024 was negative, the company determined that no commission was payable for fiscal year 2024 to Premji," the company had said in its FY24 annual report. In FY24, Wipro's former CEO Thierry Delaporte took home about Rs 166 crore, which made him the highest-paid CEO of the Indian IT sector. There were no stock options granted to Rishad Premji in fiscal year 2025.
