Divgi TorqTransfer Systems Limited

NSEI:DIVGIITTS Stock Report

Market Cap: ₹20.0b

Divgi TorqTransfer Systems Management

Management criteria checks 3/4

Divgi TorqTransfer Systems' CEO is Jitendra Divgi, appointed in Jun 2022, has a tenure of 2.42 years. total yearly compensation is ₹12.38M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.39% of the company’s shares, worth ₹477.28M. The average tenure of the management team and the board of directors is 1.3 years and 6.5 years respectively.

Key information

Jitendra Divgi

Chief executive officer

₹12.4m

Total compensation

CEO salary percentage100.0%
CEO tenure2.4yrs
CEO ownership2.4%
Management average tenure1.3yrs
Board average tenure6.5yrs

Recent management updates

Recent updates

Be Wary Of Divgi TorqTransfer Systems (NSE:DIVGIITTS) And Its Returns On Capital

Oct 12
Be Wary Of Divgi TorqTransfer Systems (NSE:DIVGIITTS) And Its Returns On Capital

Divgi TorqTransfer Systems (NSE:DIVGIITTS) Has Announced That Its Dividend Will Be Reduced To ₹2.60

Jul 13
Divgi TorqTransfer Systems (NSE:DIVGIITTS) Has Announced That Its Dividend Will Be Reduced To ₹2.60

Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Dividend Will Be Reduced To ₹2.60

Jun 28
Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Dividend Will Be Reduced To ₹2.60

Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shareholders Have More To Worry About Than Only Soft Earnings

Jun 01
Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shareholders Have More To Worry About Than Only Soft Earnings

Divgi TorqTransfer Systems Limited's (NSE:DIVGIITTS) Share Price Matching Investor Opinion

Mar 13
Divgi TorqTransfer Systems Limited's (NSE:DIVGIITTS) Share Price Matching Investor Opinion

Why Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 09
Why Divgi TorqTransfer Systems' (NSE:DIVGIITTS) Shaky Earnings Are Just The Beginning Of Its Problems

CEO Compensation Analysis

How has Jitendra Divgi's remuneration changed compared to Divgi TorqTransfer Systems's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹324m

Jun 30 2024n/an/a

₹353m

Mar 31 2024₹12m₹12m

₹397m

Dec 31 2023n/an/a

₹440m

Sep 30 2023n/an/a

₹467m

Jun 30 2023n/an/a

₹494m

Mar 31 2023₹19m₹12m

₹512m

Mar 31 2022₹23mn/a

₹462m

Mar 31 2021₹19mn/a

₹380m

Mar 31 2020₹15mn/a

₹280m

Compensation vs Market: Jitendra's total compensation ($USD146.65K) is about average for companies of similar size in the Indian market ($USD189.88K).

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

CEO

Jitendra Divgi (62 yo)

2.4yrs

Tenure

₹12,380,000

Compensation

Mr. Jitendra Bhaskar Divgi is MD & Executive Director of Divgi TorqTransfer Systems Limited from June 10, 2022. He was a Director of Divgi TorqTransfer Systems Limited since December 1, 1994. Before joinin...

Leadership Team

NamePositionTenureCompensationOwnership
Jitendra Divgi
MD & Executive Director2.4yrs₹12.38m2.39%
₹ 477.3m
Sudhir Mirjankar
CFO & Head of Company Affairs2.4yrs₹3.02mno data
Dipak Vani
Chief Operating Officerless than a year₹3.68mno data
Sanika Nirgude
Company Secretary & Compliance Officer1.3yrs₹890.00kno data
Hirendra Divgi
Whole-Time Director2.4yrs₹6.18m2.4%
₹ 478.5m
Balaji Veerabhadram
Head of Salesno datano datano data
Gopal Dalvi
Head of HR & Organizational Developmentno datano datano data
Prasannakumar Deshpande
Head of Engineeringno datano datano data
Nilesh Shukla
Head of Manufacturing Engineering1.1yrsno datano data
Rupam Parwate
Head of Operational Excellence & Management Systemsless than a yearno datano data

1.3yrs

Average Tenure

Experienced Management: DIVGIITTS's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jitendra Divgi
MD & Executive Director29.9yrs₹12.38m2.39%
₹ 477.3m
Hirendra Divgi
Whole-Time Director26.8yrs₹6.18m2.4%
₹ 478.5m
Praveen Kadle
Independent Chairman2.7yrs₹2.91mno data
Pradip Dubhashi
Independent Director2.7yrs₹3.01mno data
Bharat Divgi
Non-Executive Non Independent Director26.1yrs₹300.00k0.48%
₹ 96.9m
Sanjay Divgi
Non-Executive Non Independent Director22.1yrs₹370.00k0.40%
₹ 79.3m
Ajay Limaye
Non-Executive Non-Independent Nominee Director6.5yrsno datano data
Pundalik Kudva
Independent Director2.7yrs₹2.66mno data
Geeta Tolia
Independent Director3.1yrs₹3.06mno data

6.5yrs

Average Tenure

62yo

Average Age

Experienced Board: DIVGIITTS's board of directors are considered experienced (6.5 years average tenure).