Tech Mahindra CEO Mohit Joshi earns Rs 52.1 cr in FY25, 840X median employee pay
Wipro’s Srinivas Pallia earned slightly more at Rs 53.6 crore (up 10%), while Infosys’ Salil Parekh led the chart with Rs 80.6 crore (up 22%) and TCS CEO K Krithivasan earned Rs 26.5 crore (up 4.6%).
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Tech Mahindra CEO and MD Mohit Joshi took home a hefty Rs 52.1 crore in FY25, as per the company’s latest annual report, a figure that’s 840 times the median employee salary at the firm. His compensation includes ESOP perks and reflects a widening income gap at one of India’s top five IT companies.
What’s striking is not just the size of Joshi’s paycheque, but the backdrop. Tech Mahindra’s median employee salary fell 6.52% in the same year. That juxtaposition is hard to ignore, especially in an industry where frontline talent forms the bedrock of service delivery.
While Joshi’s exact year-on-year salary jump wasn’t reported, owing to his partial tenure in the previous year (from June 19, 2023) comparisons with peers put his compensation in sharper relief.
Wipro’s Srinivas Pallia earned slightly more at Rs 53.6 crore (up 10%), while Infosys’ Salil Parekh led the chart with Rs 80.6 crore (up 22%) and TCS CEO K Krithivasan earned Rs 26.5 crore (up 4.6%).
Joshi is also entitled to an annual stock option grant of $3.5 million (approximately Rs 29 crore), vesting over three years, suggesting that the total compensation pie could get even bigger.
