Wipro revises capital allocation policy | Bengaluru News

Bengaluru: Effective this fiscal, Wipro has revised its capital allocation policy. The company expects to return 70% or more of the net income cumulatively over a three-year period through a combination of dividends, special dividends, or share buyback. Its capital allocation policy targeted a minimum payout of 45%–50% of net income for a period of the trailing three years. “Effective FY26, we have revised our minimum committed payout to 70% of net income, calculated cumulatively over three years. A 1:1 bonus issue in Q2 and an interim dividend of Rs 6 per share in Q3 underscore our commitment to enhanced shareholder returns,” Wipro chairman Rishad Premji wrote in the letter to shareholders published in the 2024-25 annual report.TOI reported that Premji’s remuneration rose by 109% to $1.6 million during the 2024-25 fiscal year, according to a US regulatory filing. The considerable increase stemmed primarily from a rise in commission payments. Premji is entitled to a commission at the rate of 0.35% on the incremental net profit of the company over the previous fiscal year.Wipro saw a decrease of 0.6% in the aggregate remuneration of employees at Wipro, as shown in the firm’s annual report. Wipro added a meagre 732 during the year with a heavy net reduction of 1,157 in the December quarter. “The aggregate remuneration of employees excluding whole-time directors decreased by 0.6% over the previous financial year, attributed to a decrease in headcount,” it said.The median remuneration of employees (MRE) excluding whole-time directors was Rs 9.7 lakh and Rs 9.8 lakh in the financial year 2024-25 and 2023-24 respectively. The CEO pay ratio to employees stands at 548:1.Premji said that Wipro turns 80 in December, a rare milestone in any industry. “For nearly 50 years, we have been in the technology business—navigating disruption through continuous innovation, deep client trust, an adaptable culture, and a long-term mindset,” he said. On the roadmap ahead, Premji said the external environment may remain uncertain. “But durable businesses are built in cycles like these. We have used this time wisely—investing in our people, deepening client impact, and staying anchored in purpose. Wipro’s 80-year journey has never been about short bursts of success. It’s about long-term stewardship, continuous reinvention, and doing business the right way.”