Tech Mahindra’s CEO and Managing Director Mohit Joshi earned a total compensation of ₹52.1 crore in FY25, according to the company’s 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.

840 Times More Than Median Employee Salary

Joshi’s total compensation was over 840 times the median salary of a Tech Mahindra employee, underlining the widening pay gap at senior executive levels. The report also revealed a 6.52% drop 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.

How Joshi’s Package Compares with Other IT CEOs

• Wipro CEO Srinivas Pallia: ₹53.6 crore (10% hike)
• TCS CEO K Krithivasan: ₹26.5 crore (4.6% hike)
• Infosys ceo salil parekh: ₹80.6 crore (22% rise)
• HCLTECH CEO C Vijayakumar: ₹84.16 crore (highest among peers)

While Joshi’s compensation exceeds those of TCS and Wipro CEOs, it still trails behind HCLTech and Infosys leaders.

Bonuses, Stock Grants, and ESOPs Fuel Earnings

Appointed CEO designate in March 2023, Joshi’s base salary was set at ₹6.5 crore, with another ₹6.5 crore in variable pay—guaranteed for the first year. He also received a joining bonus of $848,951 (₹6.96 crore).

His stock-based compensation includes:

• One-time ESOP grant of $2.5 millionwith 60% vesting after one year and 40% after two years.
• Annual ESOP grant of $3.5 millionvesting equally over three years from the end of the first year.
• Performance bonus: Up to 70% of variable pay for exceeding targets.

A Fast Rise Amid Fierce Competition

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’s aggressive leadership bets to drive growth and transformation in a competitive IT market.

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