He was the last founder chairman in the Indian IT services industry to step down.
In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.
In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.
UP, Gujarat govts are seeking to suspend major labour laws via this route; ministry firming up its response
The process will be completed in four weeks and the IT firm will hand over the facility to the Maharashtra government by May 30
Banerjee, who went on to lead L&T Infotech as its CEO after leaving Wipro, said that Premji has the knack of identifying talent, nurturing it and giving it space to grow
China and the US occupied the first and second spot with 799 and 626 billionaires, respectively
The success of Wipro was not his but of many people in leadership and in levels below leadership, who have devoted their lives and commitments to this, he said. The same thing applies to a foundation
Wipro said it had bought back 32.3 crore equity shares under the buyback scheme at Rs 325 apiece, and the total amount utilised was about Rs 10,499.99 crore
Premji scion will be one of the youngest to don the role
Azim Premji was second on the list, while Mukesh Ambani came third
As many as 344 individuals or more than a third of this year's list witnessed wealth reduction and another 112 could not meet the threshold of Rs 1,000 crore
From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines
Rishad has all the values of Azim Premji and Wipro, and he's also been part of Wipro for almost 12 years now, says CEO Abidali Neemuchwala
Icertis, which competes with SAP SE and Oracle Corp. to help businesses manage contracts in the cloud, has raised $115 million
After more than five decades of chairmanship of the company, Premji will pass on the mantle to his son Rishad Premji at the end of July
Premji reminisced Wipro's journey from a small vegetable oil company to a leading information technology company
Jared Kushner, senior adviser to the President of the United States, will present awards during the summit
Last week, Wipro had said its founder Azim Premji will retire by July-end and handover reins of the firm to his son
Premji has committed Rs 1.45 trillion ($21 billion) for the Azim Premji Foundation, which is equivalent to 67% of the economic ownership of Wipr