Azim Premji Salary

Azim Premji Salary

Azim Premji is the Billionaire Indian Business Tycoon and the chairman of WIPRO Technologies. In 2010, Forbes has estimated his net worth US $ 17.5 Billion making him India’s second richest person after Mukesh Ambani.

Azim Premji Lives a Frugal Lifestyle. He drives a TOYOTA – Corolla car and prefers to travel in economy class via air and prefers to live in company guests house wherever possible rather than in expensive hotels.

Many of you may want to know the Salary of Mr.Azim Premji right? Well, Azim Premji gets remuneration from his company WIPRO in which he owns 74% stake.

This remuneration is based on 0.1 to 0.3% of the Annual profit.

And That’s why the annual salary of Mr.Premji varies according to the profit of the company.

Say for Example, in 2005, He earned Rs.2.45 Crore salary/remuneration from his company while in 2006, he only earned Rs.1.90 Crores from his company because of dip in the profits.

Basically up to 2007, Mr.Premji was paid 0.1% Commission of the annual profit of the company while since 2007, he is being paid 0.3% commission of the annual profit of the company.

Thus, the salary of this Billionaire business tycoon from his own company is variable.