Rishad Premji

Uncertain macro situation stifling discretionary spending: Wipro chairman

Things have not worsened for Indian IT industry but they have not got any better either, he says

Rishad Premji's pay doubles to $1.6 mn, still less than Wipro CEO's

Wipro Executive Chairman Rishad Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) but was still less than company CEO Srinivas Pallia's earnings of USD 6.2 million (about Rs 53.64 crore) in the fiscal year ended March 31, 2025, according to the company's latest annual report. Premji, in the fiscal year 2023-24, did not take any commission since the company's incremental consolidated net profit for the year was negative, and took a pay cut of about 20 per cent with a salary of USD 769,456 (about Rs 6.4 crore). However, during the 2024-25 fiscal year, with the Bengaluru-headquartered firm reporting an 18.9 per cent rise in net profit to Rs 13,135.4 crore, Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) in FY25, from USD 769,456 (about Rs 6.4 crore) in FY24, Wipro's 20-F filings with the US Securities and Exchange Commission showed. Srinivas Pallia, who assumed the role of CEO and Managing Director on April 7, 2024, receiv

Some jobs will disappear due to AI: Wipro Executive Chairman Rishad Premji

At a time when the 70-hour work week topic has sparked debate online, Premji also said that work-life balance is incredibly important for employees

Focus on 'unicornism' in India overhyped, says Wipro's Rishad Premji

Wipro Executive chairman Rishad Premji on Thursday said that the whole focus on "unicornism" in the country is "overhyped" and being celebrated too much. "You want to focus on building businesses that sustain and then ultimately value will come. You cannot start your journey saying I want to (have) a value of X, Y and Z. That is very turning off. And so, I think it is the first red sign that pops up," he said when asked about the growing trend of startups looking to achieve Unicorn status within a few months of coming into being. Stating that people talk about valuation as opposed to building valuable businesses, he said, "We have overhyped in our country this whole focus on unicornism and we celebrate that too much. There are thousands of other companies that don't make it, but serve a need and are successful, but they don't make unicorn valuation and it doesn't make them non-successful companies, he said. A CII report, in collaboration with McKinsey & Co earlier this year said ..

Ambani, Bajaj, Birla collectively hold $460 bn, equating to Singapore's GDP

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

Ex-Wipro boss is highest-paid Indian IT CEO for second year straight

Thierry Delaporte earned $20 mn in FY24 and $10 mn the year before; he resigned last month

GenAI can transform industries, only if applied responsibly: Rishad Premji

Premji also pointed out that human capital is the most important driver of social economic development and there is a need to continue to invest in world-class infrastructure

BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman

Macroeconomic environment remains challenging, impacting client spending: Rishad Premji

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22

Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

Wipro chairman Rishad Premji's compensation down 50% as profits fall

If one has to take the Covid period as an example, several senior executives and managers have taken pay cuts

More employees need to work from offices, says Wipro Chairman Rishad Premji

Information technology major Wipro's Chairman Rishad Premji on Wednesday said more employees need to work from offices rather than from their homes. He also said that coming to office helps in establishing a connect and an intimacy which is very essential for us as humans, and made it clear that no technology can be of help on the same. "You can't build that connectedness and intimacy no matter how advanced technology gets. We are human beings. I am a big believer that we should be coming back (to offices) in some shape and form," Premji said while speaking at the NTLF 2023. Accepting that hybrid working, where an employee works both from office and homes, is the future of work, Premji said the technology industry is one of the most "spoilt" sector where people enjoy this unique way of working. "People should have flexibility to work from home but people should also be coming into organisations," he said. Premji said it was possible to work from homes in the initial days of the ..

Tech industry one of the most spoilt in the mode of work: Rishad Premji

Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Fired a senior employee in 10 mins for integrity violation: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday revealed that one of the organisation's top 20 staff members was shown the door in connection with huge integrity issues

Is the IT industry facing an HR management challenge?

Wipro's Rishad Premji recently said that talent, not market growth, was the challenge tech services companies were staring at. What is the cause of these troubles? Is it an HR management challenge?

Top headlines: DGCA extends curbs on SpiceJet; Wipro fires 300 employees

The Cabinet on Wednesday approved the national logistics policy, which aims at reducing transportation cost and improve global performance of the sector.

Wipro fired 300 staff found working with rivals at same time: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday said the company had found its 300 employees worked with one of its competitors at the same time, and added that action was taken in such cases by terminating their services. Premji asserted that he stands by his recent comments on moonlighting being a complete violation of integrity "in its deepest form". "The reality is that there are people today working for Wipro and working directly for one of our competitors and we have actually discovered 300 people in the last few months who are doing exactly that," Premji said speaking at AIMA's (All India Management Association) National Management Convention. Asked about the action taken again employees who were found to be working parallely for the company as well as for rivals, Premji, on the sidelines of the event, said that their employment had been terminated for "act of integrity violation". The definition of moonlighting itself is about having another job secretively. As part of transparen

Employee connect crucial to build culture esp for freshers: Rishad Premji

Says the top challenge that the IT industry is facing right now is talent. The companies who win the war on talent, win the game

Wipro leaders to return to office from Monday: Chairman Rishad Premji

He also shared a video about the Covid-19-related safety protocols, including temperature checks and QR code scans, that have been put in place at the Wipro office

Wipro's Rishad Premji bats for self-governance by social media platforms

Wipro's Chairman Rishad Premji said social media platforms have integrated the world like never before and should be allowed to practice "responsive self-governance" to tackle the misinformation.