UPL Limited

LSE:UPLL Stock Report

Market Cap: US$7.5b

UPL Management

Management criteria checks 3/4

UPL's CEO is Jai Rajnikant Shroff, appointed in Feb 2007, has a tenure of 18.92 years. total yearly compensation is ₹683.46M, comprised of 50% salary and 50% bonuses, including company stock and options. directly owns 1.38% of the company’s shares, worth $103.87M. The average tenure of the management team and the board of directors is 5 years and 3.2 years respectively.

Key information

Jai Rajnikant Shroff

Chief executive officer

₹683.5m

Total compensation

CEO salary percentage50.00%
CEO tenure18.9yrs
CEO ownership1.4%
Management average tenure5yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jai Rajnikant Shroff's remuneration changed compared to UPL's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹21b

Jun 30 2025n/an/a

₹11b

Mar 31 2025₹683m₹342m

₹8b

Dec 31 2024n/an/a

-₹950m

Sep 30 2024n/an/a

-₹21b

Jun 30 2024n/an/a

-₹19b

Mar 31 2024₹667m₹333m

-₹13b

Dec 31 2023n/an/a

-₹6b

Sep 30 2023n/an/a

₹17b

Jun 30 2023n/an/a

₹27b

Mar 31 2023n/an/a

₹34b

Dec 31 2022n/an/a

₹40b

Sep 30 2022n/an/a

₹39b

Jun 30 2022n/an/a

₹37b

Mar 31 2022n/an/a

₹35b

Dec 31 2021n/an/a

₹32b

Sep 30 2021n/an/a

₹31b

Jun 30 2021n/an/a

₹29b

Mar 31 2021n/an/a

₹28b

Dec 31 2020n/an/a

₹24b

Sep 30 2020n/an/a

₹23b

Jun 30 2020n/an/a

₹20b

Mar 31 2020₹570mn/a

₹18b

Compensation vs Market: Jai's total compensation ($USD7.59M) is above average for companies of similar size in the UK market ($USD4.35M).

Compensation vs Earnings: Jai's compensation has been consistent with company performance over the past year.

CEO

Jai Rajnikant Shroff (60 yo)

18.9yrs
Tenure
₹683,456,800
Compensation

Mr. Jaidev Rajnikant Shroff, also known as Jai, B.Sc., serves as Chairman at UPL Limited since December 1, 2022. He is a Promoter of Pacific Seeds (Thai) Ltd. Mr. Shroff has been Group Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Jaidev Rajnikant Shroff
Chairman & Group CEO18.9yrs₹683.46m1.38%
$ 103.9m
Vikram Shroff
Vice-Chairman & Co-CEO of UPL Group19.8yrs₹341.73m1.14%
$ 86.1m
Raj Tiwari
Whole-Time Director3.2yrs₹44.40mno data
Bikash Prasad
Group Chief Financial Officerless than a yearno datano data
Toshan Tamhane
Global Chief Operating Officer3.9yrsno datano data
Rahul Jadhav
Senior General Manager of Accounts33.3yrsno datano data
Anurag Gupta
Head of Investor Relationsno datano datano data
Sandeep Deshmukh
Company Secretary & Compliance Officer6.2yrsno datano data
Sujoy Mazumdar
Group General Counselless than a yearno datano data
K. Srivastava
Chief Operating Officer of Specialty Chemicalsno datano datano data
Farokh Hilloo
Chief Commercial Officer of UPL Corporationno datano datano data
Vidya Kaushik
President of Corporate Affairs14.8yrsno datano data
5.0yrs
Average Tenure
60yo
Average Age

Experienced Management: UPLL's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jaidev Rajnikant Shroff
Chairman & Group CEO33.3yrs₹683.46m1.38%
$ 103.9m
Vikram Shroff
Vice-Chairman & Co-CEO of UPL Group19.8yrs₹341.73m1.14%
$ 86.1m
Raj Tiwari
Whole-Time Director3.2yrs₹44.40mno data
Ravishankar Cherukuri
CEO & Whole-time Director of UPL Sustainable Agri Solutions Limitedless than a yearno datano data
Rajnikant Shroff
Chairman Emeritus3.1yrs₹120.70m0.0020%
$ 150.8k
Naina Lal Kidwai
Independent Director4.3yrs₹6.60mno data
Hardeep Singh
Additional Non-Executive Non-Independent Director10.9yrs₹7.08mno data
Usha Rao-Monari
Non-Executive & Independent Director2.4yrs₹4.78mno data
Santosh Mohanty
Independent Directorless than a year₹120.00kno data
Suresh Kumar
Lead Independent Director3.3yrs₹7.08mno data
Melattur Bhanumathi
Independent Directorless than a year₹300.00kno data
3.2yrs
Average Tenure
64yo
Average Age

Experienced Board: UPLL's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/02 20:27
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

UPL Limited is covered by 45 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.