Tech Mahindra’s Top Boss Bags ₹54 Crore—Here’s How Joshi’s Payday Stacks Up

Mohit Joshi, the CEO of Tech Mahindra, earned a total of ₹54 crore in the last financial year, catching the attention of many in the industry. His pay package stands out not just for the amount, but also for how it compares to what others in the sector are making and what the company’s employees earn.

 

Here’s a closer look at the numbers:

 

Joshi’s compensation for FY25 breaks down into ₹11.4 crore in salary, ₹30.8 crore from stock options, and ₹11.7 crore in bonuses and variable pay.

 

His total earnings are 840 times higher than the median salary of a Tech Mahindra employee. This is especially notable since the company reported a drop of over 6.5% in median employee pay this year.

 

When you stack Joshi’s pay against his peers, it’s clear he’s among the top earners. His package is more than double that of TCS CEO K Krithivasan (₹26.5 crore) and nearly matches Wipro’s Srinivas Pallia (₹53.6 crore). Infosys’ Salil Parekh and HCLTech’s C Vijayakumar are still ahead, with compensation of ₹80.6 crore and ₹84.16 crore, respectively.

 

Joshi is also set to receive an annual stock option grant worth about ₹29 crore, which will vest over three years, so his future earnings could be even higher.

The company’s annual report didn’t mention a year-on-year salary jump for Joshi, since he wasn’t CEO for the full previous year.

The size of his pay and the widening gap between executive and employee compensation have sparked fresh debate about fairness in the industry.

 

Source: Economic Times, Storyboard18, The Hindu Business Line, Moneycontrol, Financial Express, BizzBuzz