Wipro CEO Srinivas Pallia's Compensation Outpaces Chairman Rishad Premji's by Factor of Nearly 7.

Wipro CEO Srinivas Pallia's Remuneration Declines to Rs 49.6 Crore in FY26

Wipro Chief Executive Officer and Managing Director Srinivas Pallia received a total remuneration of approximately Rs 49.6 crore in the financial year 2026 (FY26), a decline from Rs 53.6 crore in the previous financial year, according to the company's annual report.

The decline in remuneration was primarily due to a reduction in performance-linked compensation. Pallia's commission and variable pay fell to approximately Rs 9.9 crore in FY26 from Rs 14.5 crore in the previous year. However, his salary and allowances rose to approximately Rs 15.5 crore from Rs 14.6 crore.

Pallia remained Wipro's highest-paid executive director during the year, with his total remuneration nearly seven times that of Executive Chairman Rishad Premji, who received approximately Rs 7.3 crore in FY26.

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Premji's compensation also declined from approximately Rs 13.8 crore in FY25. According to the annual report, his commission and variable pay fell to approximately Rs 2.2 crore from around Rs 7 crore in the previous year.

Pallia's FY26 remuneration included salary and allowances of approximately Rs 15.5 crore, commission and variable pay of approximately Rs 9.9 crore, other compensation of approximately Rs 23.3 crore, and deferred compensation benefits of approximately Rs 1 crore. In contrast, Premji's FY26 remuneration included salary and allowances of approximately Rs 6.3 crore, commission and variable pay of approximately Rs 2.2 crore, other compensation of approximately Rs 0.03 crore, and deferred compensation benefits of approximately Rs 0.7 crore.

Wipro's annual report noted that both Premji and Pallia are entitled to a commission equivalent to 0.35 percent of the increase in the company's consolidated net profit over the previous fiscal year.

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Pallia took over as Wipro CEO in April 2024, following the resignation of Thierry Delaporte. Delaporte's tenure had drawn attention for sharp increases in executive compensation and large retention payouts during a period when the company faced slowing revenue growth and pressure in its core IT services business.

Wipro, India's fourth-largest IT services company by market capitalization, has been navigating a prolonged slowdown in discretionary technology spending, particularly in sectors such as consulting, communications, and consumer-facing businesses. The broader Indian IT industry has also reported weaker client spending trends over the past two financial years amid macroeconomic uncertainty in key markets, including the US and Europe.

Several Indian IT companies have moderated executive payouts and variable compensation structures in recent quarters as revenue growth slowed. Companies, including Infosys and HCLTech, have linked a larger share of senior management remuneration to performance metrics tied to growth, margins, and shareholder returns.

Under Securities and Exchange Board of India regulations, listed companies are required to disclose detailed managerial remuneration and commission structures in annual filings.

Wipro is scheduled to hold its annual general meeting later this year, where shareholders will review the company's annual accounts and remuneration disclosures for FY26.