Wipro’s new CEO to get Rs 10 Cr a year salary
Indian IT major Wipro has decided to pay its new CEO T.K Kurien a whopping Rs 10 Crore annual salary package.
Kurien’s salary is in the range of minimum of Rs 3 crore to a maximum of Rs 10 crore a year, Wipro said in a filing to the Bombay Stock Exchange.
Kurien’s salary will include variable pay, leave travel allowance, commutation allowance, educational allowance, house rent allowance, provident fund, gratuity and other retirement benefit contributions apart from other benefits.
Few salary packages can match this in the IT industry.
CEO Salaries of other Indian IT majors:
S Ramadorai, Managing Director, TCS : Rs 3.61 crore.
S Gopalakrishnan, CEO and MD, Infosys: Rs 1.01 crore.
Earlier this year, Wipro did away with their joint CEO system by sacking joint CEOs Girish Paranjpe and Suresh Vaswani. Wipro Chariman Azim Premji wanted things to be more efficient with a single CEO the the helm.
Prior to this appointment, Kurien was President of Wipro’s recently launched Eco Energy business. He has been with the company for over 10 years now.