Wipro managing director and chief executive Srinivas Pallia’s salary and other compensation fell to $5.29 million (about Rs 45 crore) in fiscal 2026 from about $6.2 million the year before, according to the company’s filings with US regulators.
Pallia’s compensation included $1.65 million in salary and allowances, $1.05 million in variable pay, $2.48 million under other components and $108,464 in long-term compensation.
Executive chairman Rishad A Premji received $773,213 (about Rs 7.3 crore) as his annual remuneration. Premji’s package included salary, commission and long-term incentives.
Among Wipro’s rivals, Tata Consultancy Services CEO K Krithivasan earned Rs 28 crore, while Infosys chief Salil Parekh received Rs 82.6 crore in FY26. Pallia’s predecessor, Thierry Delaporte, had received Rs 168 crore in FY24.
The FY26 filing showed Wipro tied executive compensation to revenue growth, operating margins, consolidated net profit and strategic objectives.
The Bengaluru-based IT services company’s FY26 revenue rose 4.17% to Rs 92,812 crore, while its IT services revenue increased 3.71% to Rs 92,123 crore. In constant currency, or excluding the impact of currency movements, IT services revenue fell 1.6%.
“Enterprises adopted a cautious approach to discretionary spending, prioritising cost discipline, productivity improvement, and risk management,” the company said in the management discussion segment of the report, highlighting that clients were increasingly focused on cost takeout initiatives, vendor consolidation and AI-led transformation, which impacted decision cycles and deal structures.
The company said global IT services spending is expected to grow 4.2% in calendar year 2026, with spending patterns shifting towards AI-led transformation, cloud modernisation and cost optimisation.
In addition to launching an AI-native business unit in April 2026, Wipro is aiming to focus on AI and mergers and acquisitions as its growth levers.
“Through ‘AI-powered Wipro’, we aim to build AI-first leadership mindsets, enhance employee AI skillsets and empower teams with advanced AI technologies and tools while being custodians of responsible AI usage. Through M&A, we aim to capture high-potential market opportunities aligned with our priority areas,” the company said in the report.
Wipro announced three M&A deals since the start of 2026, spending more than $450 million. These were acquisition of Mindsprint (as part of a structured deal with Olam Group) and some customer contracts from AlphaNet, as well as purchase of an additional 20% stake in Aggne Global.
The company is also focused on winning large deals in prioritised markets by leveraging relationships in the ecosystem, including companies like Amazon Web Services, Microsoft, Google, IBM, SAP, ServiceNow, and NVIDIA, Wipro highlighted.
Wipro said large deal bookings rose 45.8% year-on-year to $7.83 billion in FY26, while total order bookings increased 14.9% to $16.45 billion.
“We are also bringing cutting-edge capabilities from the ecosystem to our clients through our Wipro Ventures investments in early to mid-stage startups,” Wipro said.
As of March 31, 2026, Wipro Ventures manages 26 active investments. In addition to direct equity investments in emerging startups, it invested in 12 enterprise-focused venture funds, including B Capital, Boldstart Ventures, Glilot Capital Partners, GTM Fund and Pi Ventures.
