Curated By: Business Desk
Last Updated: December 12, 2023, 11:47 IST
Thierry Delaporte’s compensation rose by 3.3% within the fiscal yr 2023.
One of the most important tech companies within the nation, Wipro, was taken over by Frenchman Thierry Delaporte in 2020.
Wipro CEO Thierry Delaporte has emerged as the very best-paid CEO in India. This was revealed following the corporate’s disclosure of his compensation bundle in filings for the 2023 fiscal yr. Delaporte acquired a wage of about Rs 82 crore for this fiscal yr, surpassing the earnings of senior executives from competing IT giants, HCL Technologies and TCS. The wage of the CEO of any Indian IT firm is nowhere close to near this. In 2020, one of many largest tech companies within the nation, Wipro, was taken over by Frenchman Thierry Delaporte. The firm is valued at round Rs 93,400 crore in the marketplace. Delaporte, who’s 56 years outdated, has labored within the worldwide IT business for thirty years. He held the place of Chief Operating Officer (COO) on the French IT big Capgemini earlier than becoming a member of Wipro. Delaporte acquired his diploma in Economics and Finance from the Paris Public University of Sciences. In 1992, he started working at Arthur Andersen & Company as an auditor. He started working with Capgemini in 1995 and remained there for 25 years.
Thierry Delaporte’s compensation rose by 3.3% within the fiscal yr 2023 in comparison with the fiscal yr 2022, in accordance with a Trendlyne evaluation. In FY23, Wipro’s gross sales elevated by 14% over the earlier yr, however its internet revenue decreased by 7.2%. Delaporte receives compensation equal to 0.1% of the corporate’s FY23 gross sales.
In an interview with Forbes earlier, he recalled discussing the CEO’s duties with Azim Premji, the founder and chairman of Wipro. Thierry Delaporte talked about that the chairman and CEO had an “incredibly critical” connection. Thierry instructed the publication, “Azim is an incredible human, entrepreneur, and philanthropist, all at the same time. I spoke with Rishad Premji, the new chairman and Azim’s son, for three or four hours. I had the impression that we were talking the same language and had similar priorities and values when we first met. There was undoubtedly a shared goal between us. My perspective on my future was drastically altered by that, and I accepted the CEO position.”
Sandeep Kalra, Executive Director and CEO of Persistent Systems, is alleged to obtain the second highest remuneration. The firm paid him a complete of Rs 61.7 crore.
