Premji, Kurien compensation up even as growth slows at Wipro

Wipro Ltd’s billionaire founder Azim Premji and chief executive officer (CEO) T.K. Kurien both got a raise in annual compensation in a year during which the company posted sluggish growth and fell further behind rivals Tata Consultancy Services Ltd (TCS) and Cognizant Technology Solutions Corp, Mint reported.

For the 2012-13 fiscal year, executive chairman Premji’s total compensation—including allowances, commissions from variable pay and other long-term benefits—nearly doubled to $733,827 (around Rs.4.29 crore) from $388,702 in the previous year, according to regulatory filings to the US Securities and Exchange Commission (SEC).

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