wipro salary hike, wipro offshore salary hike, wipro annual increment, wipro azim premji salary, wipro ceo abidali salary, wipro share price
The new Wipro logoSpecial arrangement

Wipro employees working in India (offshore) will get an average salary hike of 5 percent this year, while it is far lower for onsite employees. The company has also denied that it is contemplating selling a part of its business, as reported by a news channel.

"The article is baseless and malicious. There is no truth to these unsubstantiated rumors," Wipro said in a statement on Monday.

The salary hike is effective from June 1, according to the Times of India.  

It may be recalled that Wipro, India's third-largest software services exporter, was a tad better last year when it came to annual increment. Offshore employees were rewarded with an average pay increase of 9.5 percent while onsite employees got 2 percent. The salary hike was effective from June 1 2016.

TCS and Infosys are yet to announce the hike for this year.

Last year, Tata Consultancy Services (TCS) gave the maximum increase, with offshore employees getting 8-12 percent while onsite employees got 2-6 percent, the highest among the top three firms.

Infosys employees got 6-12 percent pay hike, translating into an average of 9 percent. For onsite workers, the hike was a tad lower at 1 percent on an average, as against 2 percent in 2015.

Wipro chairman takes home less salary in FY2017

wipro, wipro salary hike, wipro azim premji salary, wipro share price, wipro annual increment, wipro offshore salary hike
Azim Premji, chairman, Wipro.Special arrangement

Azim Premji, the chairman of the Bengaluru-based company, saw his salary and other benefits fall 63 percent in the financial year 2016-17. He took home Rs 79 lakh in FY17 as compared to Rs 2.17 crore in FY16.

In dollar terms, it was $121,853 FY2017 as against $3,27,993 (about Rs 2.17 crore). The drop could be due to the chairman not being paid commission.  In 2015-16, Premji was paid $1,39,634 in commission.

While Premji's pay saw such a huge decline, CEO Abidali Neemuchwala's salary saw a hike of about 16 percent. He took home $2.09 million during 2016-17, which included $800,000 in salary, $150,244 in commission, $1.13 million in allowances and $9,014 in other benefits.