Tech Mahindra CEO Mohit Joshi's Salary Increases by 11.76% to ₹67.55 Crore in FY26

In the fiscal year 2025-26, Tech Mahindra's chief executive officer and managing director, Mohit Joshi, received a salary of ₹67.55 crore, marking an 11.76% salary increase according to the company's annual report. This pay hike includes the Employee Stock Ownership Plan (ESOPs). Without considering ESOPs, the increase stands at 20.39%. 

Tech Mahindra CEO Mohit Joshi's FY26 Salary Structure 

Joshi's FY26 remuneration consisted of an actual salary paid of ₹17 crore, ESOPs valued at ₹36.65 crore, and a performance-linked bonus of ₹13.8 crore. Joshi exercised 2,35,364 stock options during the year. His stock balance began at 4,68,130 shares, and he was granted an additional 1,97,718 shares in the fiscal year. 

Comparison of Median Employee Remuneration 

The remuneration of Joshi was about 1,085.27 times the median salary of employees, which experienced a reduction of 4.89% in FY26. As of March 31, Tech Mahindra had approximately 1,19,337 permanent employees, and the company plans to hire selectively, citing AI-led productivity improvements. 

Salary Comparisons with Other Top IT Executives 

When compared to other IT leaders, Infosys CEO Salil Parekh received ₹82.6 crore, Wipro CEO Srinivas Pallia earned ₹49.6 crore, and TCS CEO K Krithivasan had a salary of ₹28 crore. Venu Lambu, the chief executive at LTM, took home ₹27.26 crore during the same period. 

Read More: Wipro CEO Srinivas Pallia Earns ₹49.6 Crore in FY26, Nearly 7 Times Chairman Rishad Premji's ₹7.3 Crore! 

Tech Mahindra Share Price Performance  

As of June 24, 2026, at 11:48 AM, Tech Mahindra share price on NSE was trading at ₹1,447.80, up by 2.27% from the previous closing price. 

Conclusion 

Mohit Joshi's salary reached ₹67.55 crore in FY26 with an 11.76% hike, including ESOPs. His remuneration was 1,085.27 times the median employee salary, while Tech Mahindra's workforce faced a 4.89% decline in median pay. 

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