Wipro CEO and Managing Director Srinivas Pallia’s annual remuneration has gone up by 10 per cent to ₹54 crore in 2024-25.
The recognition is an annual filing of Wipro, and demonstrates the confidence of the business in Pallia’s leadership, and his vision for the company in the future.
Wipro CEO Pallia
Mr. Pallia, who took over as CEO of Wipro in April 2023, has been driving Wipro through a difficult but transformative period.
Analysis New: His new compensation package (consisting of salary, incentives, stock options and other elements) seems to be a lot of ‘performance-based’ competitive pay, which suggests that his incentives are closely conditioned on the success of the company’s long-term initiatives.
The rise is also indicative of Wipro’s resolve to keep hold of its senior-most executives in an intense global tech race. Combining nearshoring / shared service experiences with his ability to drive operational excellence, client intimacy and digital transformation has gained Pallia recognition not only inside, but also outside of the industry.
Under his leadership Wipro doubled down its investments in emerging technologies — artificial intelligence, cybersecurity and cloud computing and significantly enhanced its global delivery capabilities.
₹54 crore is a lot, but it is accompanied by equity-linked incentives which vest over time and provide long-term ownership and accountability.
I can only say that as far as Wipro is concerned, it is redefining its own trajectory going forward, and the CEO is now a person they can trust.
Pallia’s empathy with humans and affable leadership coupled with his business acumen, places Wipro in a good stead to start on the path that he has charted, and one which stakeholders will track as it unfurls through FY 25, and as complainants dream a long-haul growth and infrastructural renewal.
Wipro’s decision is in line with the growing trend of more high visibility awards of top-up equity rewards to their top performing CEOs by India’s leading IT giants, and it serves to emphasize the contributing role of leadership in building outstanding organizations and programs to drive purposeful growth and success in a technology driven world.