Abidali Z Neemuchwala

In the latest development, Wipro CEO and MD Abidali Z Neemuchwala decided to step down. The firm's shares dropped 2.28 percent to Rs 235.30 on the BSE. On the NSE, it declined 2.28 percent to Rs 235.20. Wipro early on Friday announced that Neemuchwala has decided to step down due to family commitments. He will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company said in a BSE filing. "We thank Neemuchwala for his leadership and his contributions to the Wipro. Over the last four years, he helped build a strong execution mindset, drove key acquisitions and scaled our Digital business globally," Wipro Chairman Rishad Premji said. Neemuchwala said the comp...

Wipro chief executive Abidali Z Neemuchwala saw his pay package growing over 34 per cent to Rs 182.3 million (Rs 18.23 crore) during FY2017-18 compared to the previous financial year, as per the company's annual report. According to the report, Neemuchwala who was paid in US dollars received an equivalent of Rs 62.9 million (Rs 6.29 crore) in gross salary, Rs 17 million (Rs 1.70 crore) in variable pay, Rs 102 million (Rs 10.2 crore) in other annual compensation along with other perks, taking his total compensation to Rs 182.3 million (Rs 18.23 crore) for FY2017-18. Wipro's Chief Strategy Officer (CSO) and Azim Premji son Rishad A Premji's compensation also grew by more than 250 percent to Rs 58 million (Rs 5.8 crore) in the said financial year. Rashid Premji received Rs 9.3 millio...

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Wipro CEO Abidali Z Neemuchwala Steps down

Wipro Hikes CEO Salary Up 34.5% to Rs 182 mn