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A strong quarter, stronger paydays for Mahindra execs
Mint Mumbai
|July 02, 2025
M&M reported an 84% rise in executive compensation in FY25, its highest-ever annual jump
Mahindra & Mahindra Ltd has reported its biggest-ever annual jump in executive compensation in FY25, thanks to a surge in sport utility vehicle (SUV) sales and a robust rise in its stock price in a slowing auto market.
According to the company's latest annual report, the total remuneration for top executives jumped 84% in FY25, significantly up from a 44% increase the previous year.
The company's executive director and CEO (auto and farm sector), Rajesh Jejurikar, saw the biggest jump in annual remuneration, which includes exercise of employee stock ownership plans (Esops), at 99%. Mahindra Group's managing director and CEO, Anish Shah, saw his annual pay go up by 95%.
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