Kalyani Forge Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Viraj Kalyani

Chief executive officer

₹2.1m

Total compensation

CEO salary percentage	85.4%
CEO tenure	less than a year
CEO ownership	1.0%
Management average tenure	no data
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Viraj Kalyani's remuneration changed compared to Kalyani Forge's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹46m
Sep 30 2023	n/a	n/a	₹59m
Jun 30 2023	n/a	n/a	₹35m
Mar 31 2023	₹2m	₹2m	₹36m
Dec 31 2022	n/a	n/a	₹36m
Sep 30 2022	n/a	n/a	₹13m
Jun 30 2022	n/a	n/a	₹35m
Mar 31 2022	₹2m	₹2m	₹31m
Dec 31 2021	n/a	n/a	₹20m
Sep 30 2021	n/a	n/a	₹41m
Jun 30 2021	n/a	n/a	₹7m
Mar 31 2021	₹2m	₹2m	-₹18m
Dec 31 2020	n/a	n/a	-₹66m
Sep 30 2020	n/a	n/a	-₹118m
Jun 30 2020	n/a	n/a	-₹91m
Mar 31 2020	₹2m	₹2m	-₹69m
Dec 31 2019	n/a	n/a	-₹4m
Sep 30 2019	n/a	n/a	₹41m
Jun 30 2019	n/a	n/a	₹61m
Mar 31 2019	₹3m	₹2m	₹70m
Dec 31 2018	n/a	n/a	₹96m
Sep 30 2018	n/a	n/a	₹85m
Jun 30 2018	n/a	n/a	₹75m
Mar 31 2018	₹3m	₹2m	₹66m

Compensation vs Market: Viraj's total compensation ($USD24.67K) is below average for companies of similar size in the Indian market ($USD39.27K).

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

CEO

Viraj Kalyani (33 yo)

less than a year

Tenure

₹2,057,000

Compensation

Mr. Viraj Gaurishankar Kalyani has been an Executive Director of Kalyani Forge Ltd., since May 17, 2013 and is its Managing Director since August 11, 2023 and serves as its Chief Financial Officer since Se...

Board Members

Name	Position	Tenure	Compensation	Ownership
Rohini Kalyani	Executive Chairperson	10.6yrs	₹2.06m	0.89% ₹ 13.9m
Viraj Kalyani	MD, CFO & Executive Director	11yrs	₹2.06m	1.01% ₹ 15.9m
Gaurishankar Kalyani	Non Executive & Non Independent Director	21.1yrs	₹82.00k	1.29% ₹ 20.3m
Abhijit Sen	Non- Executive Independent Director	8.3yrs	₹82.00k	no data

10.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 513509's board of directors are seasoned and experienced ( 10.8 years average tenure).

Kalyani Forge Management

Management criteria checks 3/4

Key information

Recent management updates

Kalyani Forge Limited Announces Resignation of Aniruddha Hublikar as Company Secretary and Compliance Officer

Insufficient new directors

Kalyani Forge Limited Announces Resignation of Adit Madhusudan Rathi as Independent Director

Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as the Managing Director

Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as Chief Financial Officer, Effective on September 20, 2023

Kalyani Forge Limited, Annual General Meeting, Sep 20, 2023

Recent updates

Kalyani Forge Limited Announces Resignation of Aniruddha Hublikar as Company Secretary and Compliance Officer

Third quarter 2024 earnings released: EPS: ₹4.16 (vs ₹7.63 in 3Q 2023)

Kalyani Forge Limited to Report Q3, 2024 Results on Feb 13, 2024

Insufficient new directors

Kalyani Forge Limited Announces Resignation of Adit Madhusudan Rathi as Independent Director

Investor sentiment improves as stock rises 15%

New major risk - Financial position

Investor sentiment improves as stock rises 16%

Kalyani Forge Limited to Report Q2, 2024 Results on Nov 11, 2023

Investor sentiment deteriorates as stock falls 16%

New minor risk - Share price stability

Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as the Managing Director

Kalyani Forge Limited Approves Appointment of Viraj Gaurishankar Kalyani as Chief Financial Officer, Effective on September 20, 2023

Investor sentiment improves as stock rises 22%

Upcoming dividend of ₹3.00 per share at 0.6% yield

Kalyani Forge Limited, Annual General Meeting, Sep 20, 2023

Investor sentiment improves as stock rises 25%

First quarter 2024 earnings released: EPS: ₹2.83 (vs ₹3.17 in 1Q 2023)

Kalyani Forge Limited to Report Q1, 2024 Results on Aug 11, 2023

Full year 2023 earnings released: EPS: ₹9.92 (vs ₹8.61 in FY 2022)

Kalyani Forge Limited to Report Q4, 2023 Results on May 25, 2023

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: ₹7.63 (vs ₹1.33 in 3Q 2022)

Kalyani Forge Limited to Report Q3, 2023 Results on Feb 13, 2023

Second quarter 2023 earnings released: ₹2.97 loss per share (vs ₹3.00 profit in 2Q 2022)

Kalyani Forge Limited Announces Management Changes

Kalyani Forge Limited Announces Management Changes

Kalyani Forge Limited to Report Q2, 2023 Results on Nov 14, 2022

Investor sentiment improved over the past week

Kalyani Forge Limited to Report Q1, 2023 Results on Aug 11, 2022

Upcoming dividend of ₹3.00 per share

Full year 2022 earnings released: EPS: ₹8.61 (vs ₹4.84 loss in FY 2021)

Kalyani Forge Limited, Annual General Meeting, Aug 18, 2022

Kalyani Forge Limited Recommends Dividend for the Year Ended March 31, 2022

Kalyani Forge Limited to Report Q4, 2022 Results on May 27, 2022

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Kalyani Forge Limited Announces CFO Changes

Second quarter 2022 earnings released: EPS ₹3.00 (vs ₹6.29 loss in 2Q 2021)

Upcoming dividend of ₹1.50 per share

Full year 2021 earnings released: ₹4.84 loss per share (vs ₹19.04 loss in FY 2020)

Non Executive & Independent Director has left the company

New 90-day high: ₹173

Third quarter 2021 earnings released: EPS ₹7.05 (vs ₹7.29 loss in 3Q 2020)

Kalyani Forge Limited to Report Q3, 2021 Results on Feb 11, 2021

New 90-day high: ₹168

New 90-day high: ₹149

Kalyani Forge Limited Announces Executive Changes

New 90-day low: ₹131

Kalyani Forge Limited to Report Q1, 2021 Results on Sep 15, 2020

Kalyani Forge Limited to Report Fiscal Year 2020 Results on Aug 17, 2020

Kalyani Forge Limited Updates on its Operations

Kalyani Forge Limited to Report Q4, 2020 Results on Jul 30, 2020