Minda Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Ashok Minda

Chief executive officer

₹82.0m

Total compensation

CEO salary percentage	37.0%
CEO tenure	36.8yrs
CEO ownership	49.0%
Management average tenure	2.3yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashok Minda's remuneration changed compared to Minda's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹3b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹82m	₹30m	₹3b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹78m	₹27m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹2b
Jun 30 2021	n/a	n/a	₹1b
Mar 31 2021	₹50m	₹23m	₹935m
Dec 31 2020	n/a	n/a	-₹3b
Sep 30 2020	n/a	n/a	-₹3b
Jun 30 2020	n/a	n/a	-₹3b
Mar 31 2020	₹34m	₹26m	₹1b
Dec 31 2019	n/a	n/a	₹1b
Sep 30 2019	n/a	n/a	₹1b
Jun 30 2019	n/a	n/a	₹2b
Mar 31 2019	₹48m	₹16m	₹2b
Dec 31 2018	n/a	n/a	₹2b
Sep 30 2018	n/a	n/a	₹2b
Jun 30 2018	n/a	n/a	₹2b
Mar 31 2018	₹44m	₹23m	₹1b

Compensation vs Market: Ashok's total compensation ($USD981.90K) is above average for companies of similar size in the Indian market ($USD383.25K).

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

CEO

Ashok Minda (62 yo)

36.8yrs

Tenure

₹81,962,000

Compensation

Mr. Ashok Minda serves as Group Chief Executive Officer of Spark Minda, Ashok Minda Group. Mr. Minda served as Managing Director of Minda Corporation Limited until March 31, 2007. Mr. Minda served as Manag...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ashok Minda	Executive Chairman & Group CEO	no data	₹81.96m	48.98% ₹ 47.0b
Vinod Raheja	Group CFO & Group Chief Risk Officer	2.3yrs	₹19.00m	0% ₹ 0
Ashim Vohra	COO & CEO of Die-Casting Division	no data	₹15.00m	0.032% ₹ 31.1m
Pardeep Mann	Company Secretary & Compliance Officer	3.8yrs	₹4.00m	no data
Aakash Minda	Executive Director of Group Finance & Strategy	no data	₹19.13m	no data
Naresh Modi	Executive Director	no data	₹14.59m	0.062% ₹ 59.2m
D. Suresh	Group CTO & CEO of Spark Minda Technical Centre	no data	no data	no data
Bikash Dugar	Lead of Investor Relations	no data	no data	no data
Subhalaxmi Das	Group Head of Corporate Communication & Press Release	no data	no data	no data
Neeraj Sharma	Group Chief Marketing Officer	less than a year	no data	no data
Ajay Singhroha	Group Chief Human Resources Officer	no data	no data	no data
Sumit Doseja	Chief Executive Officer of Information & Connected System	no data	no data	no data

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 538962's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ashok Minda	Executive Chairman & Group CEO	36.8yrs	₹81.96m	48.98% ₹ 47.0b
Aakash Minda	Executive Director of Group Finance & Strategy	3.5yrs	₹19.13m	no data
Naresh Modi	Executive Director	3.4yrs	₹14.59m	0.062% ₹ 59.2m
Ravi Sud	Independent Director	less than a year	no data	0.0085% ₹ 8.2m
Pratima Ram	Independent Non-Executive Director	7.5yrs	₹1.27m	no data
Ashok Jha	Independent Non-Executive Director	9.5yrs	₹1.57m	no data
Gajanan Gandhe	Additional Independent Director	less than a year	no data	no data

3.5yrs

Average Tenure

62yo

Average Age

Experienced Board: 538962's board of directors are considered experienced (3.5 years average tenure).

Minda Management

Management criteria checks 3/4

Key information

Recent management updates

Group CFO & Group Chief Risk Officer recently sold ₹2.8m worth of stock

Group CFO & Group Chief Risk Officer recently sold ₹867k worth of stock

Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)

Insufficient new directors

Group CFO & Group Chief Risk Officer recently sold ₹5.7m worth of stock

Executive Chairman & Group CEO recently bought ₹96m worth of stock

Recent updates

Group CFO & Group Chief Risk Officer recently sold ₹2.8m worth of stock

Group CFO & Group Chief Risk Officer recently sold ₹867k worth of stock

Minda Corporation Limited Declares Interim Dividend

Price target increased by 10% to ₹437

Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)

Upcoming dividend of ₹0.50 per share at 0.4% yield

Dividend increased to ₹0.50

Third quarter 2024 earnings released: EPS: ₹2.23 (vs ₹2.22 in 3Q 2023)

Minda Corporation Limited to Report Q3, 2024 Results on Feb 01, 2024

Price target increased by 13% to ₹396

Insufficient new directors

Group CFO & Group Chief Risk Officer recently sold ₹5.7m worth of stock

Price target increased by 8.3% to ₹358

Price target increased by 9.1% to ₹338

Second quarter 2024 earnings released: EPS: ₹2.50 (vs ₹2.46 in 2Q 2023)

Minda Corporation Limited to Report Q2, 2024 Results on Nov 02, 2023

Executive Chairman & Group CEO recently bought ₹96m worth of stock

Executive Director recently sold ₹1.6m worth of stock

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.8% to ₹308

Minda Corporation Limited Approves Appointment of Neeraj Sharma as Group Chief Marketing Officer

Upcoming dividend of ₹0.80 per share at 0.4% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

COO & CEO of Die-Casting Division recently sold ₹1.5m worth of stock

Minda Corporation Limited Announces Resignation of Ravi Sud as Non-Executive, Non-Independent Director

COO & CEO of Die-Casting Division recently sold ₹932k worth of stock

Minda Corporation Limited, Annual General Meeting, Jul 27, 2023

Investor sentiment improves as stock rises 16%

Pricol Clarifies on Reports Regarding Acquisition of Shares by Minda

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Minda Corporation Limited Approves Interim Dividend for the Year 2022-2023, Payable on or Before March 9, 2023

Price target increased by 8.8% to ₹291

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Now 20% undervalued

Now 20% undervalued

Spark Minda Forays into Consumer Space with the Launch of Protective Head Gear (Helmets)

Upcoming dividend of ₹0.70 per share

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Minda Corporation Limited to Report Q3, 2023 Results on Feb 03, 2023

Minda Corporation Limited, Annual General Meeting, Jul 28, 2022

Investor sentiment improved over the past week

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Minda Corporation Limited Recommends Final Dividend for the Year Ended 31 March 2022

Minda Corporation Limited to Report Q4, 2022 Results on May 17, 2022

Investor sentiment deteriorated over the past week

Price target increased to ₹226

Investor sentiment improved over the past week

COO & CEO of Die-Casting Division recently sold ₹2.0m worth of stock

Upcoming dividend of ₹0.30 per share

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Minda Corporation Limited Appoints Vinod Raheja as Group Chief Risk Officer

Minda Corporation Limited (NSEI:MINDACORP) acquired Spark Minda Green Mobility Systems Private Limited.

Investor sentiment improved over the past week

Minda Corporation Limited (NSEI:MINDACORP) completed the acquisition of remaining 49% stake in Minda Stoneridge Instruments Ltd. from Stoneridge, Inc. (NYSE:SRI)

Insider recently sold ₹6.2m worth of stock

Insider recently sold ₹582k worth of stock

Second quarter 2022 earnings released: EPS ₹1.66 (vs ₹1.16 in 2Q 2021)

Price target increased to ₹171

Investor sentiment improved over the past week

Price target increased to ₹153

First quarter 2022 earnings released: EPS ₹0.30 (vs ₹1.63 loss in 1Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of ₹0.35 per share

Investor sentiment improved over the past week

Price target increased to ₹142

Full year 2021 earnings released: EPS ₹4.13 (vs ₹8.98 loss in FY 2020)

Minda Corporation Limited Recommends Final Dividend for the Financial 2021