Tech Mahindra CEO Mohit Joshi's Pay Surges 11.7% to Rs 67.5 Crore in FY26
Compensation exceeds peers at Wipro and TCS amid strong revenue and profit growth, aggressive AI push
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Tech Mahindra CEO Mohit Joshi's remuneration rose 11.7% to Rs 67.5 crore in FY26, outpacing peers, as the company reports strong growth driven by AI-led services and a turnaround strategy, despite a 4.89% decline in median employee pay.
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Tech Mahindra CEO Mohit Joshi's remuneration surged 11.7% to Rs 67.5 crore in FY26, outpacing peers at Wipro and TCS, reflecting the company's aggressive push into AI and its turnaround strategy. Despite median employee pay dipping 4.89%, the company reported strong revenue (up 7.2% to Rs 56,815 crore) and profit growth (up 13.2% to Rs 4,811 crore), with significant deal bookings. Joshi's compensation, including a salary, performance-linked pay, and stock-option gains, was 1,085.27 times the median employee's. Chairman Anand Mahindra positioned AI as a transformative opportunity for the tech services industry, not a threat. Tech Mahindra is focusing on AI-led services, with generative AI embedded in 90-95% of its largest client engagements, and is participating in the IndiaAI Mission. The company cautioned that clients might remain selective about long-term tech spending due to macroeconomic uncertainty. ...
