New Delhi, July 3 -- Median remuneration to employees at Wipro Ltd and Tech Mahindra Ltd fell simultaneously for the first time in eight years in FY25, despite both companies expanding their workforces. Analysts said that this indicates that the two IT service providers likely added more freshers as well as hired replacements at lower salaries to boost profitability.

In FY25, Wipro and Tech Mahindra reported a decline of 0.6% and 6.52% in annual median salary, respectively, according to their annual reports. At Wipro, median salary totalled Rs.9.78 lakh (around $11,000), whereas median salary at Tech Mahindra worked out to Rs.18.3 lakh for males and Rs.15.4 lakh for females. Median salary is the mid-point of a set of salaries arranged in...