{"id":1296809,"date":"2025-06-25T09:30:30","date_gmt":"2025-06-25T04:00:30","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1296809"},"modified":"2025-06-25T09:31:04","modified_gmt":"2025-06-25T04:01:04","slug":"tech-mahindra-ceo-earned-840-times-more-than-median-employee-double-of-tcs-ceo-pay","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/tech-mahindra-ceo-earned-840-times-more-than-median-employee-double-of-tcs-ceo-pay\/","title":{"rendered":"Tech Mahindra CEO Earned 840-Times More Than Median Employee; Double Of TCS CEO Pay!"},"content":{"rendered":"\n<p>Tech Mahindra\u2019s CEO and Managing Director Mohit Joshi earned a total compensation of \u20b952.1 crore in FY25, according to the company\u2019s latest annual report. His remuneration package includes a mix of base salary, annual bonuses, joining incentives, and employee stock options. This figure makes Joshi one of the top-paid CEOs in the Indian IT sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"588\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-1024x588.png\" alt=\"\" class=\"wp-image-1296819\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-1024x588.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-300x172.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-768x441.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-1536x881.png 1536w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-25-at-9.29.39\u202fAM-2048x1175.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>840 Times More Than Median Employee Salary<\/strong><\/h3>\n\n\n\n<p>Joshi\u2019s total compensation was over <strong>840 times<\/strong> the median salary of a Tech Mahindra employee, underlining the widening pay gap at senior executive levels. The report also revealed a <strong>6.52% drop<\/strong> in the median salary of employees in FY25, further sharpening the contrast. The median salary is calculated based on the midpoint of all employee salaries.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How Joshi&#8217;s Package Compares with Other IT CEOs<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wipro CEO Srinivas Pallia<\/strong>: \u20b953.6 crore (10% hike)<\/li>\n\n\n\n<li><strong>TCS CEO K Krithivasan<\/strong>: \u20b926.5 crore (4.6% hike)<\/li>\n\n\n\n<li><strong>Infosys CEO Salil Parekh<\/strong>: \u20b980.6 crore (22% rise)<\/li>\n\n\n\n<li><strong>HCLTech CEO C Vijayakumar<\/strong>: \u20b984.16 crore (highest among peers)<\/li>\n<\/ul>\n\n\n\n<p>While Joshi\u2019s compensation exceeds those of TCS and Wipro CEOs, it still trails behind HCLTech and Infosys leaders.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bonuses, Stock Grants, and ESOPs Fuel Earnings<\/strong><\/h3>\n\n\n\n<p>Appointed CEO designate in March 2023, Joshi\u2019s base salary was set at \u20b96.5 crore, with another \u20b96.5 crore in variable pay\u2014guaranteed for the first year. He also received a <strong>joining bonus of $848,951 (\u20b96.96 crore)<\/strong>.<\/p>\n\n\n\n<p>His stock-based compensation includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>One-time ESOP grant of $2.5 million<\/strong>, with 60% vesting after one year and 40% after two years.<\/li>\n\n\n\n<li><strong>Annual ESOP grant of $3.5 million<\/strong>, vesting equally over three years from the end of the first year.<\/li>\n\n\n\n<li><strong>Performance bonus<\/strong>: Up to 70% of variable pay for exceeding targets.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A Fast Rise Amid Fierce Competition<\/strong><\/h3>\n\n\n\n<p>Joshi joined Tech Mahindra in June 2023 after a long stint at Infosys. His rapid rise to the top and significant compensation package highlight Tech Mahindra\u2019s aggressive leadership bets to drive growth and transformation in a competitive IT market.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.moneycontrol.com\/technology\/tech-mahindra-ceo-mohit-joshi-earned-rs-52-1-crore-in-fy25-article-13168269.html\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech Mahindra\u2019s CEO and Managing Director Mohit Joshi earned a total compensation of \u20b952.1 crore in FY25, according to the company\u2019s latest annual report. His remuneration package includes a mix of base salary, annual bonuses, joining incentives, and employee stock options. This figure makes Joshi one of the top-paid CEOs in the Indian IT sector. [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1296819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8129],"class_list":["post-1296809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-tech-mahindra-ceo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech Mahindra CEO Earned 840-Times More Than Median Employee; Double Of TCS CEO Pay! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/tech-mahindra-ceo-earned-840-times-more-than-median-employee-double-of-tcs-ceo-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Mahindra CEO Earned 840-Times More Than Median Employee; Double Of TCS CEO Pay! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Tech Mahindra\u2019s CEO and Managing Director Mohit Joshi earned a total compensation of \u20b952.1 crore in FY25, according to the company\u2019s latest annual report. His remuneration package includes a mix of base salary, annual bonuses, joining incentives, and employee stock options. This figure makes Joshi one of the top-paid CEOs in the Indian IT sector. 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