In the footsteps of his renowned father Azim Premji, Rishad Premji, a 46-year-old businessman, has assumed the mantle of leadership at Wipro. Azim Premji, among the prominent figures in Indian business alongside Mukesh Ambani and NR Narayan Murthy, has established a legacy that now finds continuity through Rishad Premji.
Rishad Premji: A Brief Introduction
Taking over as Chairman of Wipro in July 2019, Rishad Premji oversees the operations of the IT giant valued at 2.13 trillion INR (approximately 2.13 lakh crore rupees). Prior to this role, he served as the Chief Strategy Officer. Rishad’s educational journey includes studies at Mumbai’s Cathedral and John Connon Schools, an MBA from Harvard Business School, and a bachelor’s degree in economics from Wesleyan University. In 2005, he married his childhood friend Aditi, and the couple is blessed with two children.
A Man of Diverse Interests
Beyond his business pursuits, Rishad Premji possesses a deep enthusiasm for cricket, travel, and films. He gained professional experience during a two-year tenure at Bain and Co. after completing his MBA, followed by four years with GE Capital in the United States. Joining his father’s enterprise, Wipro, in 2007 as a business manager marked a significant step in his career.
Commitment to Society and Leadership Recognitions
Rishad Premji’s exceptional leadership and commitment to societal progress led to his recognition as a Young Global Leader by the World Economic Forum in 2014. His influence extends to serving on the boards of the Wipro-GE joint venture, Wipro Enterprises, and the Azim Premji Foundation – a prominent non-profit organization working closely with over 350,000 public schools across seven Indian states to elevate primary education standards. He also plays a crucial role in Azim Premji Philanthropic Initiatives.
Earnings and Noteworthy Figures
In the current fiscal year, Rishad Premji earned a salary of $951,353 (approximately 7.9 crore rupees), signifying a considerable reduction from the previous year’s $1,819,022 (around 15.1 crore rupees). The breakdown of his income, as disclosed in the company’s annual report, reveals $15,390 (roughly 12 lakh rupees) in other earnings, $74,343 (approximately 61 lakh rupees) in long-term salary benefits, and $861,620 (about 7.1 crore rupees) in allowances and earnings. Notably, his father, Azim Premji, boasts an impressive net worth of $9.2 billion, equivalent to approximately 76,000 crore rupees, according to Forbes.