Companies ExlService Holdings
ExlService (EXLS): executive pay, fiscal 2025
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CEO vs. named peers75th pct.Of 15 peer CEOs
CEO pay, last three years
- $12,346,006FY2023
- $14,166,996FY2024
- $16,201,761FY2025
CEO total pay was $16,201,761 in fiscal 2025, up from $14,166,996 in fiscal 2024.
FY2025: salary $885,205 · bonus $0 · stock awards $13,811,888 · option awards $0
Executives and directors
Maurizio Nicolelli · CFORohit Kapoor · CEONarasimha Kini · EVPVikas Bhalla · EVPVivek Jetley · EVPAndreas Fibig · Independent DirectorJaynie Studenmund · Former director (through FY2025)Kristy Pipes · Independent DirectorNitin Sahney · Independent DirectorPat Geraghty · Independent DirectorSarah K. Williamson · Independent DirectorThomas Bartlett · Independent DirectorVikram Pandit · Lead Independent Director
Frequently asked questions
Who was the highest-paid executive at ExlService Holdings in fiscal 2025?
As disclosed, Rohit Kapoor (Chairman and CEO) was the highest-paid executive at ExlService Holdings in fiscal 2025, with total compensation of $16,201,761.
How does ExlService Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, Rohit Kapoor's total compensation ranked at the 75th percentile of ExlService Holdings's disclosed peer group.
What is ExlService Holdings's CEO-to-median employee pay ratio?
As disclosed, ExlService Holdings's CEO-to-median employee pay ratio was 1292:1.
How did shareholders vote on ExlService Holdings's executive compensation?
As disclosed, 95.42% of shareholders supported ExlService Holdings's executive compensation in the latest say-on-pay vote.
How much does ExlService Holdings spend in total on board compensation for fiscal 2025?
As disclosed, ExlService Holdings reported total board compensation of $2,419,876 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Rohit Kapoor | $885,205 | $0 | $13,811,888 | $0 | $1,410,750 | $0 | $93,918 | $16,201,761 |
| Chairman and CEO | ||||||||
| Vivek Jetley | 568,836 | 0 | 3,903,181 | 0 | 536,987 | 0 | 15,337 | 5,024,340 |
| President and Head of Insurance, Healthcare and Life Sciences | ||||||||
| Vikas Bhalla | 368,796 | 0 | 3,903,181 | 0 | 370,380 | 20,222 | 22,447 | 4,685,025 |
| President and Head of AI Services and Operations | ||||||||
| Maurizio Nicolelli | 560,342 | 0 | 2,402,095 | 0 | 453,384 | 0 | 17,335 | 3,433,156 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Narasimha Kini | 496,301 | 0 | 2,402,095 | 0 | 401,567 | 0 | 30,284 | 3,330,248 |
| Executive Vice President, Banking & Capital Markets and Diversified Industries | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Rohit Kapoor | $16,201,761 | $14,166,996 | $12,346,006 | ↑ +2,034,765 |
| Vivek Jetley | 5,024,340 | 4,241,045 | 5,845,102 | ↑ +783,295 |
| Vikas Bhalla | 4,685,025 | 4,031,959 | 5,557,521 | ↑ +653,066 |
| Maurizio Nicolelli | 3,433,156 | 2,902,557 | 4,166,543 | ↑ +530,599 |
| Narasimha Kini | 3,330,248 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation philosophy is focused on pay-for-performance. In this regard, we link a significant portion of each NEO’s total compensation to the achievement of specified performance goals. This variable compensation is “at-risk” and rewards performance and contributions to both short- and long-term goals.
| CEO STI target (% of salary) | 150% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Farient |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Vikas Bhalla | PSU | 2025-06-17 | 4,110 | 16,438 | — | 32,876 | $791,983 |
| Vikas Bhalla | RSU | 2025-06-17 | — | — | 27,396 | — | 1,319,939 |
| Vivek Jetley | RSU | 2025-06-17 | — | — | 27,396 | — | 1,319,939 |
| Vivek Jetley | PSU | 2025-06-17 | 4,110 | 16,438 | — | 32,876 | 791,983 |
| Vivek Jetley | PSU | 2025-06-17 | 821 | 24,656 | — | 49,312 | 1,791,258 |
| Rohit Kapoor | PSU | 2025-06-17 | 2,905 | 87,249 | — | 174,498 | 6,338,640 |
| Rohit Kapoor | PSU | 2025-06-17 | 14,542 | 58,167 | — | 116,334 | 2,802,486 |
| Rohit Kapoor | RSU | 2025-06-17 | — | — | 96,944 | — | 4,670,762 |
| Narasimha Kini | PSU | 2025-06-17 | 2,529 | 10,116 | — | 20,232 | 487,389 |
| Narasimha Kini | RSU | 2025-06-17 | — | — | 16,860 | — | 812,315 |
| Maurizio Nicolelli | PSU | 2025-06-17 | 505 | 15,174 | — | 30,348 | 1,102,391 |
| Maurizio Nicolelli | RSU | 2025-06-17 | — | — | 16,860 | — | 812,315 |
| Maurizio Nicolelli | PSU | 2025-06-17 | 2,529 | 10,116 | — | 20,232 | 487,389 |
| Narasimha Kini | PSU | 2025-06-17 | 505 | 15,174 | — | 30,348 | 1,102,391 |
| Vikas Bhalla | PSU | 2025-06-17 | 821 | 24,656 | — | 49,312 | 1,791,258 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Vikas Bhalla | $1,319,939 | $2,583,241 | $0 | 66.2% |
| Vivek Jetley | 1,319,939 | 2,583,241 | 0 | 66.2% |
| Rohit Kapoor | 4,670,762 | 9,141,126 | 0 | 66.2% |
| Narasimha Kini | 812,315 | 1,589,780 | 0 | 66.2% |
| Maurizio Nicolelli | 812,315 | 1,589,780 | 0 | 66.2% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Narasimha Kini | RSU | 3,300 | — | $140,052 |
| Maurizio Nicolelli | RSU | 4,855 | — | 206,046 |
| Vivek Jetley | RSU | 5,050 | — | 214,322 |
| Vikas Bhalla | RSU | 5,435 | — | 230,661 |
| Narasimha Kini | RSU | 6,460 | — | 274,162 |
| Maurizio Nicolelli | RSU | 8,220 | — | 348,857 |
| Vikas Bhalla | RSU | 8,800 | — | 373,472 |
| Vivek Jetley | RSU | 8,800 | — | 373,472 |
| Maurizio Nicolelli | RSU | 16,761 | — | 711,337 |
| Narasimha Kini | RSU | 16,761 | — | 711,337 |
| Maurizio Nicolelli | RSU | 16,860 | — | 715,538 |
| Narasimha Kini | RSU | 16,860 | — | 715,538 |
| Maurizio Nicolelli | RSU | 20,232 | — | 858,646 |
| Narasimha Kini | RSU | 20,232 | — | 858,646 |
| Maurizio Nicolelli | RSU | 26,818 | — | 1,138,156 |
| Narasimha Kini | RSU | 26,818 | — | 1,138,156 |
| Vikas Bhalla | RSU | 27,396 | — | 1,162,686 |
| Vivek Jetley | RSU | 27,396 | — | 1,162,686 |
| Vikas Bhalla | RSU | 28,737 | — | 1,219,598 |
| Vivek Jetley | RSU | 28,737 | — | 1,219,598 |
| Maurizio Nicolelli | RSU | 30,348 | — | 1,287,969 |
| Narasimha Kini | RSU | 30,348 | — | 1,287,969 |
| Rohit Kapoor | RSU | 31,455 | — | 1,334,950 |
| Vikas Bhalla | RSU | 32,876 | — | 1,395,257 |
| Vivek Jetley | RSU | 32,876 | — | 1,395,257 |
| Maurizio Nicolelli | RSU | 40,226 | — | 1,707,191 |
| Narasimha Kini | RSU | 40,226 | — | 1,707,191 |
| Vikas Bhalla | RSU | 45,980 | — | 1,951,391 |
| Vivek Jetley | RSU | 45,980 | — | 1,951,391 |
| Vikas Bhalla | RSU | 49,312 | — | 2,092,801 |
| Vivek Jetley | RSU | 49,312 | — | 2,092,801 |
| Rohit Kapoor | RSU | 52,240 | — | 2,217,066 |
| Maurizio Nicolelli | Option | 67,165 | 30.15 | — |
| Narasimha Kini | Option | 67,165 | 30.15 | — |
| Vikas Bhalla | RSU | 68,968 | — | 2,927,002 |
| Vivek Jetley | RSU | 68,968 | — | 2,927,002 |
| Rohit Kapoor | RSU | 96,944 | — | 4,114,303 |
| Rohit Kapoor | RSU | 100,575 | — | 4,268,403 |
| Rohit Kapoor | RSU | 116,334 | — | 4,937,215 |
| Vikas Bhalla | Option | 134,325 | 30.15 | — |
| Vivek Jetley | Option | 134,325 | 30.15 | — |
| Rohit Kapoor | RSU | 160,920 | — | 6,829,445 |
| Rohit Kapoor | RSU | 174,498 | — | 7,405,695 |
| Rohit Kapoor | RSU | 241,380 | — | 10,244,167 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Vikram PanditIndependent · Lead Independent Director · Compensation | $100,000 | $343,437 | $0 | $0 | $0 | $443,437 |
| Kristy PipesIndependent · Audit (Chair) · Compensation | 117,500 | 239,387 | 0 | 0 | 0 | 356,887 |
| Andreas FibigIndependent · Audit · Nominating/Governance (Chair) | 111,250 | 239,387 | 0 | 0 | 0 | 350,637 |
| Thomas BartlettIndependent · Audit · Compensation (Chair) | 108,750 | 239,387 | 0 | 0 | 0 | 348,137 |
| Nitin SahneyIndependent · Audit · Not standing for re-election | 103,750 | 239,387 | 0 | 0 | 0 | 343,137 |
| Sarah K. WilliamsonIndependent · Compensation | 100,000 | 239,387 | 0 | 0 | 0 | 339,387 |
| Pat GeraghtyIndependent · Audit · Partial-year service · Newly elected | 25,000 | 152,504 | 0 | 0 | 0 | 177,504 |
| Jaynie StudenmundIndependent · Departed during FY | 58,750 | 0 | 0 | 0 | 2,000 | 60,750 |
| Rohit KapoorEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $85,000 |
|---|---|
| Annual equity retainer | $215,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 17,500 / 17,500 / 15,000 |
| Stock ownership guideline | $425,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $725,000 |
| Equity awards (grant-date value) | $1,692,876 |
| All other compensation | $2,000 |
| Total cost of the board | $2,419,876 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names ExlService as a peer
Companies that benchmark against EXLS
13 companies name EXLS as a compensation peer
- Alight, Inc. / DelawareALITFY2025
- CBIZ, Inc.CBZFY2025
- CLARIVATE PLCCLVTFY2025
- Concentrix CorpCNXCFY2025
- CONDUENT IncCNDTFY2025
- CSG SYSTEMS INTERNATIONAL INCCSGSFY2024
- EVERTEC, Inc.EVTCFY2025
- Genpact LTDGFY2025
- Global Business Travel Group, Inc.GBTGFY2025
- IBEX LtdIBEXFY2026
- JACK HENRY & ASSOCIATES INCJKHYFY2026
- Offerpad Solutions Inc.OPADFY2025
- PERFICIENT INCPRFTFY2024
- SERVICE CORP INTERNATIONALSCIFY2025
- TTEC Holdings, Inc.TTECFY2025
- VERRA MOBILITY CorpVRRMFY2025
Each company listed discloses EXLS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named EXLS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
EPAM EPAM Systems, Inc.SNOW SnowflakeTDC Teradata CorporationWNS WNS (Holdings) LimitedDNB Dun & BradstreetINFA Informatica Inc.TWKS Thoughtworks Holding, Inc.G Genpact LimitedVRSK Verisk Analytics, Inc.TTEC TTEC Holdings, Inc.FICO Fair Isaac CorporationPATH UiPath Inc.GWRE Guidewire Software, Inc.PRFT Perficient, Inc. Thoughtworks
Peer reciprocity
Of the companies ExlService Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
EPAM Systems, Inc. (EPAM)— Snowflake (SNOW)72— Teradata Corporation (TDC)73 WNS (Holdings) Limited (WNS)— Dun & Bradstreet (DNB)74— Informatica Inc. (INFA)75 Thoughtworks Holding, Inc. (TWKS)✓ Genpact Limited (G)76— Verisk Analytics, Inc. (VRSK)77 TTEC Holdings, Inc. (TTEC)— Fair Isaac Corporation (FICO)78— UiPath Inc. (PATH)79— Guidewire Software, Inc. (GWRE)80✓ Perficient, Inc. (PRFT)81
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including ExlService Holdings.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Fair Isaac Corporation | 2025 | William Lansing | $750,000 | $34,091,860 | $0 | $1,100,000 | $36,045,267 |
| 2 | Snowflake | 2026 | Sridhar Ramaswamy | 750,000 | 20,787,461 | 0 | 772,407 | 22,310,492 |
| 3 | Guidewire Software, Inc. | 2026 | Mike Rosenbaum | 750,000 | 14,663,752 | 0 | 915,000 | 16,337,125 |
| 4 | Genpact Limited | 2025 | Balkrishan Kalra | 925,000 | 14,217,688 | 0 | 1,151,381 | 16,324,289 |
| 5 | ExlService Holdings | 2025 | Rohit Kapoor | 885,205 | 13,811,888 | 0 | 1,410,750 | 16,201,761 |
| 6 | Teradata Corporation | 2025 | Stephen McMillan | 822,616 | 14,031,478 | 0 | 1,035,000 | 16,062,525 |
| 7 | Verisk Analytics, Inc. | 2025 | Lee Shavel | 1,000,000 | 8,800,086 | 2,199,881 | 1,500,000 | 13,540,847 |
| 8 | Dun & Bradstreet | 2023 | Anthony Jabbour | 250,000 | 10,000,008 | 0 | 600,000 | 11,303,648 |
| 9 | Informatica Inc. | 2024 | Amit Walia | 1,000,000 | 6,712,160 | 0 | 891,800 | 8,611,892 |
| 10 | Perficient, Inc. | 2023 | Thomas Hogan | 553,542 | 5,237,064 | 0 | 0 | 5,809,472 |
| 11 | Epam Systems, Inc. | 2025 | Balazs Fejes | 756,300 | 3,721,288 | 0 | 767,000 | 5,244,588 |
| 12 | UiPath Inc. | 2026 | Daniel Dines | 6,017 | 0 | 0 | 0 | 1,347,430 |
| 13 | Ttec Holdings, Inc. | 2025 | Kenneth Tuchman | 1 | 0 | 0 | 0 | 71,217 |
| — | WNS (Holdings) Limited | — | — | — | — | — | — | not in coverage universe |
| — | Thoughtworks Holding, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| ExlService Holdings | not disclosed | PSU 60 · RSU 40 | Yes — Relative TSR | Farient |
| Dun & Bradstreet | 120% | PSU 100 | No | Mercer |
| Epam Systems, Inc. | 101.7% | PSU 50 · RSU 50 | Yes — Relative TSR | Pay Governance LLC |
| Fair Isaac Corporation | not disclosed | PSU 33 · RSU 33 · Other 33 | No | Compensia, Inc. |
| Genpact Limited | 110% | PSU 50 · RSU 50 | No | FW Cook |
| Guidewire Software, Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | Semler Brossy |
| Informatica Inc. | 48.7% | RSU 50 · PSU 50 | No | Compensia |
| Perficient, Inc. | not disclosed | not disclosed | No | Lockton Companies LLC |
| Snowflake | 103.0% | PSU 70 · RSU 30 | No | Compensia |
| Teradata Corporation | 100% | not disclosed | No | Aon |
| Thoughtworks Holding, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ttec Holdings, Inc. | not disclosed | Cash LTI 100 | No | Semler Brossy Consulting Group LLC |
| UiPath Inc. | 80% | RSU 50 · PSU 50 | No | Compensia, Inc. |
| Verisk Analytics, Inc. | not disclosed | PSU 60 · RSU 20 · Options 20 | Yes — Relative TSR versus S&P 500 Index constituents | FW Cook |
| WNS (Holdings) Limited | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-16 | 115,764,818 | 5,557,651 | 306,431 | 95.42% | Passed |
| 2025 | 2025-06-17 | 137,444,862 | 5,699,303 | 758,602 | 96.02% | Passed |
| 2024 | 2024-06-20 | 144,709,416 | 2,296,814 | 1,084,060 | 98.44% | Passed |
| 2023 | 2023-06-20 | 29,119,169 | 416,076 | 225,062 | 98.59% | Passed |
| 2022 | 2022-06-21 | 30,424,487 | 258,647 | 17,432 | 99.1% | Passed |
| 2021 | 2021-06-16 | 30,516,208 | 264,056 | 19,178 | 99.08% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-16 | 95.42%a |
| 2025 | 2025-06-17 | 96.02%b |
| 2024 | 2024-06-20 | 98.44%c |
a. Approved under the standard stated in the filing — “If you indicate an abstention as your voting preference for all matters to be acted upon at the Annual Meeting, your shares will be counted toward a quorum but they will not be voted on any matter.”.
b. Approved under the standard stated in the filing — “Proposal Board voting recommendation Voting approval standard Effect of abstentions (1) Routine or non-routine Effect of broker non- vote (2) 1: Election of directors FOR the election of each nominee Affirmative vote of a majority of votes cast (3) No effect Non-routine No effect 2: The ratification of the appointment of our independent registered public accounting firm FOR Majority of shares present and entitled to vote Vote against (4) Routine N/A 3: The advisory (non-binding) approval of the compensation of our named executive officers FOR Majority of shares present”.
c. Approved under the standard stated in the filing — “Proposal Board voting recommendation Voting approval standard Effect of abstentions (1) Routine or non-routine Effect of broker non- vote (2) 1: Election of directors FOR the election of each nominee Affirmative vote of a majority of votes cast (3) No effect Non-routine No effect 2: The ratification of the appointment of our independent registered public accounting firm FOR Majority of shares present and entitled to vote Vote against (4) Routine N/A 3: The advisory (non-binding) approval of the compensation of our named executive officers FOR Majority of shares present and entitled to vote Vote against (4) Non-routine No effect 4: The approval of the Fourth Amended and Restated Certificate of Incorporation to provide for, among other things, officer exculpation FOR Affirmative vote of a majority of shares outstanding Vote against (4) Non-routine Vote against (1) If you wish to abstain from voting on a proposal, you must indicate, or mark ABSTAIN, while voting.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 1,292 : 1 |
|---|---|
| CEO total compensation | $16,201,761 |
| Median employee compensation | $12,542 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Bhupender Singh | Pres., Int'l Growth Markets | 2026-05-11 | A | 77,170 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Ajay Ayyappan | EVP & Gen Counsel/Corp. Sec'y. | 2026-05-20 | D | 5,093 | 29 | 148,257 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-06-04 | D | 12,000 | 30 | 362,640 | Common | Form 4 ↗ |
| Rohit Kapoor | Director | 2026-06-15 | A | 865,000 | 0 | 0 | Common | Form 4 ↗ |
| Rohit Kapoor | Director | 2026-06-15 | D | 865,000 | 0 | 0 | Common | Form 4 ↗ |
| Andreas Fibig | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas Bartlett | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-06-16 | — | 3,423 | — | — | 1 insider, 2 accrual rows | ||
| Sarah K. Williamson | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Kristy Pipes | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Pat Geraghty | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vikram Pandit | Director | 2026-06-16 | A | 11,293 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vivek Jetley | President of EXL | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Maurizio Nicolelli | Executive Vice President & CFO | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Narasimha Kini | Executive Vice President | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-07-01 | D | 12,000 | 26 | 317,640 | Common | Form 4 ↗ |
| Kamini H. Mehta | Director | 2026-07-16 | A | 7,705 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-08-03 | D | 11,000 | 35 | 384,890 | Common | Form 4 ↗ |
| Vishal Chhibbar | Executive Vice President | 2026-08-11 | D | 5,000 | 35 | 175,500 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-09-01 | D | 10,000 | 38 | 381,700 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-10-01 | D | 11,000 | 35 | 389,180 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
View all 22 transactions
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Bhupender Singh | Pres., Int'l Growth Markets | 2026-05-11 | A | 77,170 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Ajay Ayyappan | EVP & Gen Counsel/Corp. Sec'y. | 2026-05-20 | D | 5,093 | 29 | 148,257 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-06-04 | D | 12,000 | 30 | 362,640 | Common | Form 4 ↗ |
| Rohit Kapoor | Director | 2026-06-15 | A | 865,000 | 0 | 0 | Common | Form 4 ↗ |
| Rohit Kapoor | Director | 2026-06-15 | D | 865,000 | 0 | 0 | Common | Form 4 ↗ |
| Andreas Fibig | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas Bartlett | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Sarah K. Williamson | Director | 2026-06-16 | A | 1,711 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Sarah K. Williamson | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Kristy Pipes | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Sarah K. Williamson | Director | 2026-06-16 | A | 1,712 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Pat Geraghty | Director | 2026-06-16 | A | 7,871 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vikram Pandit | Director | 2026-06-16 | A | 11,293 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vivek Jetley | President of EXL | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Maurizio Nicolelli | Executive Vice President & CFO | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Narasimha Kini | Executive Vice President | 2026-06-30 | A | 606 | 23 | 14,102 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-07-01 | D | 12,000 | 26 | 317,640 | Common | Form 4 ↗ |
| Kamini H. Mehta | Director | 2026-07-16 | A | 7,705 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-08-03 | D | 11,000 | 35 | 384,890 | Common | Form 4 ↗ |
| Vishal Chhibbar | Executive Vice President | 2026-08-11 | D | 5,000 | 35 | 175,500 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-09-01 | D | 10,000 | 38 | 381,700 | Common | Form 4 ↗ |
| Vikas Bhalla | President of EXL | 2026-10-01 | D | 11,000 | 35 | 389,180 | Common | Form 4 ↗ |
Sources (81 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Rohit Kapoor. DEF 14A, filed 2026-04-27. Section “Summary compensation table for fiscal year 2025” · page 79. As printed: 16,201,761. View filing ↗
- Section 01, Vivek Jetley. DEF 14A, filed 2026-04-27. Section “Summary compensation table for fiscal year 2025” · page 79. As printed: 5,024,340. View filing ↗
- Section 01, Vikas Bhalla. DEF 14A, filed 2026-04-27. Section “Summary compensation table for fiscal year 2025” · page 79. As printed: 4,685,025. View filing ↗
- Section 01, Maurizio Nicolelli. DEF 14A, filed 2026-04-27. Section “Summary compensation table for fiscal year 2025” · page 79. As printed: 3,433,156. View filing ↗
- Section 01, Narasimha Kini. DEF 14A, filed 2026-04-27. Section “Summary compensation table for fiscal year 2025” · page 79. As printed: 3,330,248. View filing ↗
- Section 03, Vikas Bhalla PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Vikas Bhalla RSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Vivek Jetley RSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Vivek Jetley PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Vivek Jetley PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Rohit Kapoor PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Rohit Kapoor PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Rohit Kapoor RSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Narasimha Kini PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Narasimha Kini RSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Maurizio Nicolelli PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Maurizio Nicolelli RSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Maurizio Nicolelli PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Narasimha Kini PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Vikas Bhalla PSU. DEF 14A, filed 2026-04-27. Section “Grants of plan-based awards table for fiscal year 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-27. Section “CEO Pay Ratio”. As printed: 1292 : 1. View filing ↗
- Section 08, Vikram Pandit. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 443,437. View filing ↗
- Section 08, Kristy Pipes. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 356,887. View filing ↗
- Section 08, Andreas Fibig. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 350,637. View filing ↗
- Section 08, Thomas Bartlett. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 348,137. View filing ↗
- Section 08, Nitin Sahney. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 343,137. View filing ↗
- Section 08, Sarah K. Williamson. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 339,387. View filing ↗
- Section 08, Pat Geraghty. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 177,504. View filing ↗
- Section 08, Jaynie Studenmund. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 60,750. View filing ↗
- Section 08, Rohit Kapoor. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Bhupender Singh 2026-05-11. Form 4, filed 2026-05-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ajay Ayyappan 2026-05-20. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikas Bhalla 2026-06-04. Form 4, filed 2026-06-08. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rohit Kapoor 2026-06-15. Form 4, filed 2026-06-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Rohit Kapoor 2026-06-15. Form 4, filed 2026-06-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Andreas Fibig 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Bartlett 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sarah K. Williamson 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sarah K. Williamson 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kristy Pipes 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sarah K. Williamson 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Pat Geraghty 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikram Pandit 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vivek Jetley 2026-06-30. Form 4, filed 2026-07-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Maurizio Nicolelli 2026-06-30. Form 4, filed 2026-07-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Narasimha Kini 2026-06-30. Form 4, filed 2026-07-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikas Bhalla 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kamini H. Mehta 2026-07-16. Form 4, filed 2026-07-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikas Bhalla 2026-08-03. Form 4, filed 2026-08-06. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vishal Chhibbar 2026-08-11. Form 4, filed 2026-08-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikas Bhalla 2026-09-01. Form 4, filed 2026-09-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Vikas Bhalla 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-16. Item 5.07 · say-on-pay result. As reported: 95.42% (votes for as printed: 115,764,818). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-17. Item 5.07 · say-on-pay result. As reported: 96.02% (votes for as printed: 137,444,862). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-25. Item 5.07 · say-on-pay result. As reported: 98.44% (votes for as printed: 144,709,416). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 725,000 + equity 1,692,876 + all other 2,000 = 2,419,876, summed across the director compensation table rows.
- Fair Isaac Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Fair Isaac Corporation's own proxy. As printed: 36,045,267. View filing ↗
- Snowflake, Section 10b CEO total. DEF 14A, filed 2026-05-18. CEO total compensation as printed in Snowflake's own proxy. As printed: 22,310,492. View filing ↗
- Guidewire Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-29. CEO total compensation as printed in Guidewire Software, Inc.'s own proxy. As printed: 16,337,125. View filing ↗
- Genpact Limited, Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Genpact Limited's own proxy. As printed: 16,324,289. View filing ↗
- ExlService Holdings (subject), Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in ExlService Holdings's own proxy. As printed: 16,201,761. View filing ↗
- Teradata Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Teradata Corporation's own proxy. As printed: 16,062,525. View filing ↗
- Verisk Analytics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Verisk Analytics, Inc.'s own proxy. As printed: 13,540,847. View filing ↗
- Dun & Bradstreet, Section 10b CEO total. DEF 14A, filed 2024-04-25. CEO total compensation as printed in Dun & Bradstreet's own proxy. As printed: 11,303,648. View filing ↗
- Informatica Inc., Section 10b CEO total. DEF 14A, filed 2025-04-28. CEO total compensation as printed in Informatica Inc.'s own proxy. As printed: 8,611,892. View filing ↗
- Perficient, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-17. CEO total compensation as printed in Perficient, Inc.'s own proxy. As printed: 5,809,472. View filing ↗
- Epam Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Epam Systems, Inc.'s own proxy. As printed: 5,244,588. View filing ↗
- UiPath Inc., Section 10b CEO total. DEF 14A, filed 2026-05-12. CEO total compensation as printed in UiPath Inc.'s own proxy. As printed: 1,347,430. View filing ↗
- Ttec Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Ttec Holdings, Inc.'s own proxy. As printed: 71,217. View filing ↗
- Section 10a, Snowflake reciprocity. DEF 14A. Snowflake's most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Teradata Corporation reciprocity. DEF 14A. Teradata Corporation's most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Dun & Bradstreet reciprocity. DEF 14A. Dun & Bradstreet's most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Informatica Inc. reciprocity. DEF 14A. Informatica Inc.'s most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Genpact Limited reciprocity. DEF 14A. Genpact Limited names ExlService Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Verisk Analytics, Inc. reciprocity. DEF 14A. Verisk Analytics, Inc.'s most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Fair Isaac Corporation reciprocity. DEF 14A. Fair Isaac Corporation's most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, UiPath Inc. reciprocity. DEF 14A. UiPath Inc.'s most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Guidewire Software, Inc. reciprocity. DEF 14A. Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include ExlService Holdings. View filing ↗
- Section 10a, Perficient, Inc. reciprocity. DEF 14A. Perficient, Inc. names ExlService Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗