His son, Rishad Premji, who is ready to take over the reins of the Bengaluru-based tool products and services company quickly, took home a repayment of USD 987,652 (about Rs 6.8 crore) in 2018-19, Wipro mentioned in a regulatory filing on Tuesday.
In buck phrases, this is 9.1 in line with cent greater than the repayment of USD 904,528 that he drew in fiscal 2018.
Wipro Chief Executive Abidali Z Neemuchwala saw his pay package grow 41 in line with cent to USD three.9 million (about Rs 27.three crore) all through 2018-19 as when put next with the former fiscal.
Last week, Wipro had mentioned its founder Azim Premji will retire by July-end and handover reins of the company to his son, Rishad.
Premji, who turns 74 subsequent month, will retire as govt chairman upon the of entirety of his current term on July 30, 2019, after having led the company for 53 years.
As in line with the Tuesday filing, Azim Premji won USD 62,322 in salary and allowances, USD 131,231 as fee/variable pay, USD 55,705 (others) and USD 12,796 in long-term repayment in 2018-19.
Neemuchwala won over USD 1 million in salary and allowances, USD 891,760 as fee and variable pay, over USD 2 million (others) and relaxation in long-term repayment in 2018-19, the filing added. SR MBI RVK RVK
