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Thierry Delaporte Tops the Chart as Highest Paid CEO in Indian IT for FY24

Thierry Delaporte’s impressive earnings exceeding $20 million for FY24 reinforce his status as the highest-paid CEO in the Indian IT sector for the second consecutive year. Despite his departure from Wipro in April, his compensation package reflects the substantial value attributed to his leadership and the results he achieved during his tenure. His multifaceted compensation, as disclosed in Wipro’s 20-F filings, showcases the recognition of his contributions and the strategic importance of his role in the company’s growth and success.

In contrast, Srinivas Pallia, Wipro’s new CEO succeeding Delaporte, steps into his position with an annual remuneration package of approximately ₹50 crore, positioning him as the second-highest-paid CEO in the Indian IT industry for FY25. This significant compensation reflects Wipro’s confidence in Pallia’s ability to lead the company following Delaporte’s departure and highlights the company’s commitment to continuity and stability amidst leadership transitions.

Thierry Delaporte’s tenure at Wipro, which began in July 2020, was marked by significant transformation and strategic initiatives aimed at enhancing operational efficiency and driving growth. His leadership played a pivotal role in Wipro’s robust financial performance and strengthened market position. With a distinguished career at Capgemini prior to joining Wipro, Delaporte brought a wealth of experience and expertise to the table, further solidifying his contributions to the company’s success.

Delaporte’s substantial compensation underscores the broader trend of high executive pay in the IT industry, reflecting the intense competition for top talent capable of driving growth and innovation in a rapidly evolving market. In comparison, other top IT executives in India, such as TCS’s Rajesh Gopinathan and Infosys’s Salil Parekh, have also been reported to receive substantial remuneration packages, though Delaporte’s remains the highest.

As Srinivas Pallia steps into the CEO role, the industry will be watching closely to see how he builds on Delaporte’s legacy and navigates the challenges and opportunities ahead for Wipro. Pallia’s significant compensation reflects the trust and expectations the company has placed on his leadership abilities, emphasizing the strategic importance of continuity and stability in driving Wipro’s future growth and success.

Sadhna B

Sadhna B

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