Divgi TorqTransfer Systems Management
Management criteria checks 3/4
Divgi TorqTransfer Systems' CEO is Jitendra Divgi, appointed in Jun 2022, has a tenure of 1.92 years. total yearly compensation is ₹18.70M, comprised of 66.2% salary and 33.8% bonuses, including company stock and options. directly owns 2.39% of the company’s shares, worth ₹608.44M. The average tenure of the management team and the board of directors is 0.8 years and 6 years respectively.
Key information
Jitendra Divgi
Chief executive officer
₹18.7m
Total compensation
| CEO salary percentage | 66.2% |
| CEO tenure | 1.9yrs |
| CEO ownership | 2.4% |
| Management average tenure | less than a year |
| Board average tenure | 6yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | ₹440m |
| Sep 30 2023 | n/a | n/a | ₹467m |
| Jun 30 2023 | n/a | n/a | ₹494m |
| Mar 31 2023 | ₹19m | ₹12m | ₹512m |
| Mar 31 2022 | ₹23m | n/a | ₹462m |
| Mar 31 2021 | ₹19m | n/a | ₹380m |
| Mar 31 2020 | ₹15m | n/a | ₹280m |
Compensation vs Market: Jitendra's total compensation ($USD224.31K) is about average for companies of similar size in the Indian market ($USD267.24K).
Compensation vs Earnings: Jitendra's compensation has been consistent with company performance over the past year.
CEO
Jitendra Divgi (61 yo)
1.9yrs
Tenure
₹18,700,000
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 1.9yrs | ₹18.70m | 2.39% ₹ 608.4m | |
| CFO & Head of Company Affairs | 1.9yrs | ₹3.67m | no data | |
| Whole-Time Director | 1.9yrs | ₹9.35m | 2.4% ₹ 609.9m | |
| Chief Operating Officer | less than a year | no data | no data | |
| Company Secretary & Compliance Officer | less than a year | no data | no data | |
| Head of Sales | no data | no data | no data | |
| Head of HR & Organizational Development | no data | no data | no data | |
| Head of Growth & Launch Management | no data | no data | no data | |
| Head of Engineering | no data | no data | no data | |
| Head of Advanced Manufacturing Technology | less than a year | no data | no data | |
| Head of Operational Excellence & Management Systems | less than a year | no data | no data |
0.8yrs
Average Tenure
Experienced Management: DIVGIITTS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 29.4yrs | ₹18.70m | 2.39% ₹ 608.4m | |
| Whole-Time Director | 26.3yrs | ₹9.35m | 2.4% ₹ 609.9m | |
| Independent Chairman | 2.2yrs | ₹2.98m | no data | |
| Independent Director | 2.2yrs | ₹3.41m | no data | |
| Non-Executive Non Independent Director | 25.6yrs | ₹900.00k | 0.48% ₹ 123.5m | |
| Non-Executive Non Independent Director | 21.6yrs | ₹820.00k | 0.40% ₹ 101.1m | |
| Non-Executive Non-Independent Nominee Director | 6yrs | no data | no data | |
| Independent Director | 2.2yrs | ₹2.83m | no data | |
| Independent Director | 2.6yrs | ₹3.13m | no data |
6.0yrs
Average Tenure
61yo
Average Age
Experienced Board: DIVGIITTS's board of directors are considered experienced (6 years average tenure).