Global patterns are rearranging themselves daily: Anand Mahindra
Bengaluru: The scale of emerging megatrends — from AI and climate change to shifting geopolitical forces — signals the close of one era and the emergence of a new one shaped by tectonic change.
"Tectonic shifts – brought about by AI, by climate change, by geopolitics – appear to be marking the end of one age, and the uncertain dawn of another. It's almost as if some unseen force is wielding a giant kaleidoscope, where it only takes a slight twist of the lens for a pattern to disappear and re-emerge in a new and unfamiliar form. Each twist of global events – geopolitical realignments, policy reversals, economic realignments, regional hostilities – reshapes the view. Patterns that once seemed clear now rearrange themselves almost daily,"
Anand Mahindra
, chairman of the Mahindra Group, wrote in the letter to shareholders published in Tech Mahindra's 2024-25 annual report.
Mahindra said what appeared to be fixed just a year ago fractured into fragments, realigning into new configurations. "The immediate trigger for this situation is the change of direction in the US. The sudden pivot to protectionism is churning the waters of the established trade order. Moves and countermoves are changing the pattern, literally every day. Uncertainty and lack of trust and confidence are affecting everything from high-level global alliances to the price of children's toys.
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Mahindra said that periods of chaos offer unique opportunities to rethink and rebuild. "The map is being redrawn daily, and it is up to us to redraw some of it to our advantage. The old order is changing, yielding place to the new. The dominance of the US in capital markets and China in supply chains has been shaken."
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Tech Mahindra CEO Mohit Joshi earned Rs 54 crore in the 2024-25 financial year, which includes base salary, variable payout, and perquisite value of ESOPs exercised during the last financial year.
Joshi was associated for part of the 2023-24 financial year. Hence, the percentage increase in remuneration is not comparable. TCS CEO K Krithivasan took home a salary of Rs 26.5 crore in the 2024-25 financial year, a 4.6% increase from Rs 25.3 crore in the previous year.
Infosys CEO Salil Parekh saw a 22% increase in his compensation, reaching Rs 80.6 crore in the 2024–25 year, up from Rs 66.2 crore in the previous year.
Joshi's compensation in the last fiscal was 840 times that of the median salary of a Tech Mahindra employee. There was a reduction of 6.5% in the median remuneration of employees in the last fiscal. Tech Mahindra rolled out a 4% increase to employees (including employees overseas), whereas there was a decrease in the managerial remuneration by 34.4% during the same year.
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