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Highest paid CEO in Indian IT for FY24 is Thierry Delaporte. His salary is…
Thierry Delaporte earned more than $3.9 million as salary and allowance, over $5 million as commission/variable pay.
Former Wipro CEO and managing director Thierry Delaporte earned more than $20 million (approximately ₹166 crore) making him the highest-paid CEO in the IT industry for second year in a row. Thierry Delaporte resigned from the company in April and has been replaced by Srinivas Pallia.
Thierry Delaporte's salary
Read more: Who is Thierry Delaporte, highest paid CEO in India? Know his salary
As per Wipro’s 20-F filings with the US Securities and Exchange Commission, Thierry Delaporte earned more than $3.9 million as salary and allowance, over $5 million as commission/variable pay. He also got $7 million classified as others and more than $4 million as long-term compensation. In comparison, Srinivas Pallia is getting an annual remuneration package of approximately ₹50 crore- second-highest among CEOs in the Indian IT industry for FY25.
This comes as Wipro's revenue in FY24 declined YoY to ₹89,760 crore from ₹90,486 crore.
Read more: Who is Srinivas Pallia, new Wipro CEO after Thierry Delaporte's resignation?
This is in “recognition of Delaporte’s contributions in driving significant transformation”, the company said in the filing.
Who are next in the list of highest paid Indian CEOs?
Read more: Wipro CEO Thierry Delaporte to get whopping severance pay. Here's how much
Tech Mahindra’s Mohit Joshi is next in the list with an annual fixed compensation of ₹6.5 crore and an equal amount in annual variable pay. Meanwhile, Tata Consultancy Services (TCS) CEO and MD K Krithivasan got ₹25.36 crore in annual compensation in FY24- lowest amongst the large IT companies.
