Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 104

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 6
Chunk 104
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 from time to time. Apart from the variable pay component, long term (typically greater than one year) incentives granted to executive officers, including the Chief Executive Officer and Managing Director, include both time-based restricted stock units (“RSUs”) and performance-based stock units (“PSUs”).
The following table presents the annual and long-term compensation earned, awarded or paid for services rendered for the fiscal year 2025 by our executive officers as of March 31, 2025. For the convenience of the readers, the amounts paid / payable in Indian Rupees have been converted into U.S. Dollars based on the certified foreign exchange rates published by the Federal Reserve Board of Governors on March 31, 2025 which was ₹ 85.43 per U.S.$ 1.

Name                        Salary and          Commission/         Others            Long-term             Total         
                            allowances          variable            U.S.$             compensation          U.S.$         
                            U.S.$               Pay                                   (Deferred                           
                                                U.S.$                                 Benefit) (2) (3)                    
                                                                                      U.S.$                               
Rishad A. Premji (1)                  707,521             824,233   843                            77,123        1,609,720
Srinivas Pallia (1)(4)(5)           1,705,151           1,702,927         2,802,355                68,850        6,279,283
Aparna C. Iyer (4)                    219,943             136,770           450,371                39,651          846,735

(1)Mr. Rishad A. Premji and Mr. Srinivas Pallia are entitled to a commission at the rate of 0.35% on incremental consolidated net profits of the Company over the previous fiscal year.
(2)Deferred benefits are payable to employees by way of our contribution to the Provident Fund, Pension Fund, Social Security contribution and Social Insurance (health and retirement funds) as applicable. The Provident Fund is a statutory fund to which the Company and our employees contribute every month. A lump sum payment on separation and a pension payment on attaining the age of superannuation are payable from the balance standing to the credit of the Fund, as per the Employee Provident Fund and Miscellaneous Provisions Act, 1952. 
(3)Under our pension plans, any pension that is payable to an employee is not computed on the basis