Varroc Engineering Management
Management criteria checks 3/4
Varroc Engineering’s CEO is Tarang Jain, appointed in May 1988, he has a tenure of 35yrs. His total yearly compensation is ₹52.3m, comprised of 100.0% salary and 0% bonuses, including company stock and options. He directly owns 68.5% of the company’s shares, worth ₹32.8b. The average tenure of the management team and the board of directors is 2.2yrs and 5.5yrs respectively.
Key information
Tarang Jain
Chief executive officer
₹52.3m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 35yrs |
| CEO ownership | 68.5% |
| Management average tenure | 2.2yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Varroc Engineering (NSE:VARROC) Seems To Be Using A Lot Of Debt
Sep 29
Estimating The Fair Value Of Varroc Engineering Limited (NSE:VARROC)
Sep 03Here's Why Varroc Engineering (NSE:VARROC) Is Weighed Down By Its Debt Load
Jun 20Should You Think About Buying Varroc Engineering Limited (NSE:VARROC) Now?
May 16Is Varroc Engineering (NSE:VARROC) A Risky Investment?
Mar 15Is There Now An Opportunity In Varroc Engineering Limited (NSE:VARROC)?
Feb 15Varroc Engineering Limited's (NSE:VARROC) Intrinsic Value Is Potentially 38% Above Its Share Price
Jan 09Is Varroc Engineering (NSE:VARROC) Using Debt Sensibly?
Nov 17An Intrinsic Calculation For Varroc Engineering Limited (NSE:VARROC) Suggests It's 38% Undervalued
Sep 16Should You Investigate Varroc Engineering Limited (NSE:VARROC) At ₹309?
Aug 13Varroc Engineering Limited (NSE:VARROC) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Jun 07Does This Valuation Of Varroc Engineering Limited (NSE:VARROC) Imply Investors Are Overpaying?
Mar 08Are Dividend Investors Getting More Than They Bargained For With Varroc Engineering Limited's (NSE:VARROC) Dividend?
Feb 09Varroc Engineering's (NSE:VARROC) Shareholders Are Down 13% On Their Shares
Jan 12Health Check: How Prudently Does Varroc Engineering (NSE:VARROC) Use Debt?
Dec 15CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | ₹361m |
| Dec 31 2022 | n/a | n/a | -₹365m |
| Sep 30 2022 | n/a | n/a | -₹861m |
| Jun 30 2022 | n/a | n/a | -₹686m |
| Mar 31 2022 | ₹52m | ₹52m | -₹814m |
| Dec 31 2021 | n/a | n/a | -₹10b |
| Sep 30 2021 | n/a | n/a | -₹8b |
| Jun 30 2021 | n/a | n/a | -₹6b |
| Mar 31 2021 | ₹26m | n/a | ₹755m |
| Dec 31 2020 | n/a | n/a | -₹5b |
| Sep 30 2020 | n/a | n/a | -₹5b |
| Jun 30 2020 | n/a | n/a | -₹4b |
| Mar 31 2020 | ₹52m | n/a | ₹2m |
Compensation vs Market: Tarang's total compensation ($USD632.03K) is above average for companies of similar size in the Indian market ($USD302.67K).
Compensation vs Earnings: Tarang's compensation has been consistent with company performance over the past year.
CEO
Tarang Jain (61 yo)
35yrs
Tenure
₹52,270,000
Compensation
Mr. Tarang Jain serves as the Executive Non-Independent Chairman of the Board at Varroc Engineering Limited since November 10, 2020. He serves as the Managing Director of Varroc Engineering Ltd. since 2001...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Non-Independent Chairman of the Board | no data | ₹52.27m | 68.45% ₹ 32.8b | |
| Group General Counsel | 3.3yrs | ₹14.28m | 0.0051% ₹ 2.4m | |
| President & Business Head of India and Whole-Time Director | 7.8yrs | ₹20.87m | 0.0033% ₹ 1.6m | |
| President & Business Head of Metallic and Additional Whole Time Director | 3.1yrs | ₹27.35m | no data | |
| Group Chief Financial Officer | less than a year | no data | no data | |
| Associate Vice President of Operations | no data | no data | no data | |
| Chief Sales & Marketing Officer and Senior VP | no data | no data | no data | |
| Global Chief Human Resource Officer | 4.3yrs | no data | no data | |
| Chief Internal Auditor | 1.3yrs | no data | no data | |
| Business Head of Global 4W Electronics & Non-India Lighting and Non-Executive Director | 1.3yrs | no data | no data | |
| President & Business Head of Polymer | less than a year | no data | no data |
2.2yrs
Average Tenure
54yo
Average Age
Experienced Management: VARROC's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Non-Independent Chairman of the Board | 35yrs | ₹52.27m | 68.45% ₹ 32.8b | |
| President & Business Head of India and Whole-Time Director | 4.8yrs | ₹20.87m | 0.0033% ₹ 1.6m | |
| President & Business Head of Metallic and Additional Whole Time Director | 3.1yrs | ₹27.35m | no data | |
| Business Head of Global 4W Electronics & Non-India Lighting and Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 12.2yrs | ₹2.50m | no data | |
| Independent Non-Executive Director | 5.8yrs | ₹1.80m | no data | |
| Independent Non-Executive Director | 5.8yrs | ₹2.40m | 0.00046% ₹ 220.4k | |
| Independent Non-Executive Director | 5.3yrs | ₹2.30m | no data |
5.5yrs
Average Tenure
Experienced Board: VARROC's board of directors are considered experienced (5.5 years average tenure).