Tech Mahindra Chief Executive Officer and Managing Director Mohit Joshi received an 11.76% increase in remuneration during FY26, according to the company's latest annual report. The remuneration, including employee stock ownership plans (ESOPs), rose 11.76% year-on-year. Excluding ESOPs, his remuneration increased by 20.39% during the financial year. Chief Financial Officer Rohit Anand saw his remuneration increase 24.29% including ESOPs and 87.52% excluding ESOPs.
The filing highlighted the significant gap between executive compensation and employee pay. Tech Mahindra reported that Joshi's remuneration was 1,085.27 times the median remuneration of employees during FY26. The company's chairman Anand G. Mahindra received a 10.95% increase in remuneration, while several independent and non-executive directors also reported double-digit increases. Independent director Anish Shah recorded a 38.36% rise in remuneration, while independent director Shikha Sharma saw a 34.34% increase.
Tech Mahindra is positioned for robust operational growth in financial year 2027, with margin expansion to the 15% range, CEO Joshi told NDTV Profit. "On track to achieve 15% margin range in FY27," he underlined in a post-earnings press conference. This projection comes after the IT giant reported a healthy Q4 for fiscal 2026, with both top and bottom lines registering sequential growth in the period under review.
In the last quarter of FY26, the company had joined its IT peers and suffered a one-time hit after making provisions for the Centre's new labour codes. The company registered a consolidated bottom line of ₹1,122 crore, down over 6% from ₹1,195 crore in the preceding quarter. Despite this quarterly decline, the company's overall performance for FY26 showed positive momentum across key financial metrics.
