Wipro CEO Srinivas Pallia's total compensation for fiscal year 2026 stood at Rs 49.6 crore, marking a 7 percent decline compared to the Rs 53.4 crore he earned in the previous fiscal year. The reduction in pay comes as the IT services company navigates a challenging global economic environment.
Breakdown of Compensation
According to the company's annual report, Pallia's salary and allowances amounted to $1.65 million. In addition, he received $1.05 million in commission and variable pay, along with $2.47 million in other benefits. The total compensation in Indian rupees reflects the exchange rate fluctuations and the company's performance metrics.
Performance Context
The decline in CEO pay is aligned with Wipro's financial performance in FY26, which saw moderate revenue growth amid cost optimization measures. The company has been focusing on operational efficiency and client retention in a competitive market.
Pallia, who took over as CEO in 2024, has been instrumental in driving Wipro's strategic initiatives, including investments in artificial intelligence and cloud services. Despite the pay cut, his compensation remains among the highest in the Indian IT sector.
Wipro's board determines executive compensation based on a combination of factors, including individual performance, company profitability, and market benchmarks. The reduction in Pallia's pay is seen as a reflection of the company's cautious approach to cost management.
Industry analysts note that CEO pay at major IT firms has been under scrutiny as companies balance shareholder returns with talent retention. Wipro's compensation committee has emphasized aligning executive rewards with long-term value creation.
