Vikas Bhalla compensation by year
ExlService Summary Compensation Table · all 7 fiscal years held| Component | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Salary | $263,809 | $229,016 | $276,716 | $265,432 | $300,188 | $320,342 | $368,796 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $973,685 | $1,399,048 | $2,711,454 | $1,964,960 | $1,681,606 | $3,394,217 | $3,903,181 |
| Option awards | $0 | $0 | $0 | $0 | $3,230,785 | $0 | $0 |
| Non-equity incentive | $285,636 | $169,370 | $444,718 | $357,340 | $320,917 | $269,216 | $370,380 |
| Pension and deferred compensation | $5,186 | $5,067 | $16,865 | $20,200 | $5,642 | $29,540 | $20,222 |
| All other | $40,367 | $37,962 | $19,034 | $18,233 | $18,383 | $18,644 | $22,447 |
| Total | $1,568,683 | $1,840,463 | $3,468,787 | $2,626,165 | $5,557,521 | $4,031,959 | $4,685,025 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: ExlService Holdings, Inc. DEF 14A filed April 27, 2026, accession 0001193125-26-181891, and prior-year filings.
How this page was built: the ExlService Holdings, Inc. filed document, accession 0001193125-26-181891. Every figure is read from that document and cited to the page and table it appears in. Filed April 27, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 68,968 | $2,927,002 | — |
| RSU | 49,312 | $2,092,801 | — |
| RSU | 45,980 | $1,951,391 | — |
| RSU | 32,876 | $1,395,257 | — |
| RSU | 28,737 | $1,219,598 | — |
| RSU | 27,396 | $1,162,686 | — |
| RSU | 8,800 | $373,472 | — |
| RSU | 5,435 | $230,661 | — |
| Option | 134,325 | — | $30.15 |
Per the Outstanding Equity Awards at Fiscal Year-End table in ExlService Holdings, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
6 Form 4 lines since the FY2025 proxy (filed April 27, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-11-02 | Sale | 10b5-1 | 11,000 | $41.22 | 98,295 |
| 2026-10-01 | Sale | 10b5-1 | 11,000 | $35.38 | 109,295 |
| 2026-09-01 | Sale | 10b5-1 | 10,000 | $38.17 | 120,295 |
| 2026-08-03 | Sale | 10b5-1 | 11,000 | $34.99 | 130,295 |
| 2026-07-01 | Sale | 10b5-1 | 12,000 | $26.47 | 141,295 |
| 2026-06-04 | Sale | 10b5-1 | 12,000 | $30.22 | 153,295 |
The 6 most recent of 6 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments ExlService discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Involuntary termination without cause | $400,579 | $0 | $0 | $569,092 |
| Change in control and resignation for good reason | $400,579 | $10,082,137 | $0 | $10,651,229 |
| Retirement | $0 | $0 | $0 | $0 |
| Resignation for good reason, no change in control | $400,579 | $0 | $0 | $569,092 |
| Change in control, no termination | $0 | $6,803,609 | $0 | $6,803,609 |
| Death | $0 | $6,844,769 | $0 | $7,013,282 |
| Change in control and involuntary termination | $400,579 | $10,082,137 | $0 | $10,651,229 |
Per the Potential Payments Upon Termination or Change in Control table in ExlService Holdings, Inc.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
ExlService’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Rohit Kapoor | Chairman and CEO | $16,201,761 |
| Vivek Jetley | President and Head of Insurance, Healthcare and Life Sciences | $5,024,340 |
| Vikas Bhalla · this page | President and Head of AI Services and Operations | $4,685,025 |
| Maurizio Nicolelli | Executive Vice President and Chief Financial Officer | $3,433,156 |
| Narasimha Kini | Executive Vice President, Banking & Capital Markets and Diversified Industries | $3,330,248 |
The full ExlService compensation record
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are ExlService's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.