Thierry Delaporte becomes highest paid CEO in IT Industry with approximately Rs 79.6 Cr pay in Financial Year 2022

Highest paid CEO in IT Industry, Thierry Delaporte has been with Wipro since July 2020.

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According to the company’s annual report filed with the US Securities and Exchange Commission (SEC), Wipro Chief Executive Officer (CEO) and Managing Director (MD) Thierry Delaporte’s salary increased to a total of $10.51 million (79.8 crore) in FY22, making him one of the highest paid executives in the Indian IT sector.

In the fiscal year 2020-21, he was paid $8.7 million (about Rs. 64.3 crore). His last fiscal year’s remuneration covered the nine months from July 6, 2020, to March 31, 2021.

With 27 years of expertise in the IT services business, Thierry Delaporte has been the CEO and MD of the IT company since July 6, 2020. Prior to joining Wipro, Delaporte worked for Capgemini since 1995 in several leadership roles, including Chief Operating Officer (COO) from September 2017 to May 2020.

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In fiscal year 2022, Wipro Chairman Rishad Premji received $1.82 million in total remuneration, while Jatin Pravinchandra Dalal received $1.59 million, according to the document.

In FY22, Salil Parekh, the CEO of Infosys, received a total salary of 71 crore, including stock options, whereas Rajesh Gopinathan, the CEO of India’s top IT firm Tata Consultancy Services Ltd (TCS), received a compensation of 25.8 crore.

Wipro Ltd’s consolidated profit increased by 4% to 3,092.5 crore in the fourth quarter of 2022, compared to 2,974 crore in the same time the previous year. The Bengaluru-based firm’s consolidated revenue from operations increased by 28% to $20,860 crore, up from $16,245 crore the previous year.

During the quarter, the company’s operating margin was 17 percent, down 60 basis points from the previous quarter. IT services revenue increased by 26% year over year to $2,722 million in the March quarter (YoY).

Wipro estimates sales in the range of $2.74 billion to $2.80 billion for the first quarter ending June 30. This corresponds to 1-3 percent sequential increase, down from the 2-4 percent it had forecasted for the March quarter.