Coforge’s FY26 annual filing revealed a 55.6% jump in CEO Sudhir Singh’s pay to ₹56 cr, a lift that dovetails with a 29.3% CAGR in revenue from ₹2.7 cr to ₹3.7 cr. Shares, which traded at ₹1,200 on the NSE, surged 34% in the last 24 months, outpacing the IT services sector average of 12%.
Persistent Systems posted a 162.2% hike in CEO Sandeep Kalra’s remuneration to ₹388 cr, a substantial increase over the ₹148 cr paid in FY25. Revenue climbed 18.1% CAGR to ₹4.2 cr, yet the stock advanced a modest 4% on the NSE, reflecting market skepticism about sustained growth.
HCLTech’s CEO C. Vijayakumar saw a 67% rise to ₹172 cr, while the firm’s revenue grew only 5.1% CAGR to ₹4.9 cr. Shares fell 33% on the NSE, a decline that analysts attribute to margin compression in the core services segment.
Infosys reported a marginal 2.5% pay increase for outgoing CEO Salil Parekh to ₹83 cr, with revenue growing 4.2% CAGR to ₹27 cr. However, the stock tumbled 47% on the NSE, a reflection of earnings misses and competitive pressure from low‑cost offshore providers.
Mphasis posted a 98.1% rise in CEO Nitin Rakesh’s pay to ₹105 cr, yet revenue contracted 3.4% CAGR to ₹1.4 cr. The share price fell 26% on the NSE, echoing concerns over declining client spend in the cloud‑migration space.
Tech Mahindra’s CEO Mohit Joshi’s pay rose 29.6% to ₹70 cr while the company’s revenue grew 1% CAGR to ₹6.5 cr; shares dipped 6% on the NSE, underlining the sector’s volatility amid AI adoption. Birlasoft’s CEO Angan Guha saw a 5.2% pay rise to ₹61 cr, but revenue fell 3.1% CAGR to ₹1.2 cr, and the stock slid 56% on the NSE.
Wipro’s CEO Srinivas Pallia’s remuneration fell 5.7% to ₹50 cr, and the firm’s revenue slipped 1.4% CAGR to ₹12 cr. Shares dropped 37% on the NSE, a result of weaker domestic demand and higher operating costs. TCS’s CEO K. Krithivasan saw a modest 3.7% pay increase to ₹28 cr, yet revenue grew 1.5% CAGR to ₹5.9 cr and the stock slumped 51% on the NSE, highlighting margin pressure and slower client acquisition.
Hexaware Technologies reported a 30.4% pay rise for CEO R. Srikrishna to ₹30 cr, with revenue expanding 9.3% CAGR to ₹2.4 cr. The stock, which has not been quoted for the last two years, is poised for a rebound as the firm targets a 15% growth in its digital transformation portfolio next FY.
Across the board, AI‑driven demand is reshaping revenue streams, but CEO pay remains highly volatile. Firms with robust cloud and AI portfolios—like Coforge and Hexaware—are outperforming peers, while legacy players such as TCS and Wipro struggle to translate earnings into share performance. Analysts now expect FY27 guidance to reflect a 10–12% revenue lift for high‑growth IT services names, and a cautious 5–7% for legacy service providers.