Force Motors Management

Management criteria checks 3/4

Force Motors' CEO is Prasan Singh Firodia, appointed in Nov 2009, has a tenure of 14.5 years. total yearly compensation is ₹45.10M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 1.69% of the company’s shares, worth ₹2.10B. The average tenure of the management team and the board of directors is 8.7 years and 6.5 years respectively.

Key information

Prasan Singh Firodia

Chief executive officer

₹45.1m

Total compensation

CEO salary percentage	32.1%
CEO tenure	14.5yrs
CEO ownership	1.7%
Management average tenure	8.7yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Prasan Singh Firodia's remuneration changed compared to Force Motors's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹4b
Dec 31 2023	n/a	n/a	₹4b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹45m	₹14m	₹1b
Dec 31 2022	n/a	n/a	-₹557m
Sep 30 2022	n/a	n/a	-₹830m
Jun 30 2022	n/a	n/a	-₹1b
Mar 31 2022	₹9m	₹7m	-₹911m
Dec 31 2021	n/a	n/a	-₹1b
Sep 30 2021	n/a	n/a	-₹781m
Jun 30 2021	n/a	n/a	-₹630m
Mar 31 2021	₹6m	₹4m	-₹1b
Dec 31 2020	n/a	n/a	-₹639m
Sep 30 2020	n/a	n/a	-₹311m
Jun 30 2020	n/a	n/a	-₹410m
Mar 31 2020	₹42m	₹12m	₹502m
Dec 31 2019	n/a	n/a	₹808m
Sep 30 2019	n/a	n/a	₹930m
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹50m	₹12m	₹1b
Mar 31 2018	₹17m	₹12m	₹1b

Compensation vs Market: Prasan Singh's total compensation ($USD540.45K) is about average for companies of similar size in the Indian market ($USD432.75K).

Compensation vs Earnings: Prasan Singh's compensation has increased by more than 20% in the past year.

CEO

Prasan Singh Firodia (44 yo)

14.5yrs

Tenure

₹45,104,841

Compensation

Mr. Prasan Singh Abhaykumar Firodia is Independent Director at Sona Comstar Edrive Private Limited since January 27, 2021. Mr. Firodia is Independent Director of Sona BLW Precision Forgings Limited since J...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Abhaykumar Firodia	Chairman	21.8yrs	no data	2.03% ₹ 2.5b
Prasan Singh Firodia	MD & Director	14.5yrs	₹45.10m	1.69% ₹ 2.1b
Prashant Inamdar	Executive Director of Operations & Executive Director	8.7yrs	₹17.40m	no data
Sanjay Bohra	Group Chief Financial Officer	no data	₹16.61m	no data
Nikhil Deshpande	Company Secretary & Compliance Officer	less than a year	no data	no data

8.7yrs

Average Tenure

59yo

Average Age

Experienced Management: 500033's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Abhaykumar Firodia	Chairman	21.8yrs	no data	2.03% ₹ 2.5b
Prasan Singh Firodia	MD & Director	17.7yrs	₹45.10m	1.69% ₹ 2.1b
Prashant Inamdar	Executive Director of Operations & Executive Director	9.3yrs	₹17.40m	no data
Arvind Mahajan	Independent Director	7.8yrs	₹550.00k	no data
Sonia Prashar	Additional Non-Executive Independent Director	1.7yrs	₹150.00k	no data
Dattatray Shekatkar	Non-Executive Independent Director	5.3yrs	₹300.00k	no data
Vallabh Bhanshali	Independent Director	1.8yrs	₹200.00k	no data
Mukesh Patel	Independent Director	1.8yrs	₹350.00k	no data

6.5yrs

Average Tenure

68yo

Average Age

Experienced Board: 500033's board of directors are considered experienced (6.5 years average tenure).

Force Motors Management

Management criteria checks 3/4

Key information

Recent management updates

Force Motors Limited, Annual General Meeting, Sep 28, 2023

Force Motors Limited Announces Appointment of Nikhil Deshpande as Company Secretary

Force Motors Limited Announces the Resignation of Mr. Gaurav Deshmukh as Company Secretary and Compliance Officer of the Company

Force Motors Limited Announces Change in Directorate

Less than half of directors are independent

Force Motors Limited Announces Board Resignations

Recent updates

Force Motors Limited Recommends Dividend for the Financial Year Ended 31 March 2024

Force Motors Limited Decides to Close Line of Business, Consisting of Manufacture and Dealing in Agricultural Tractors and Connected Activity, Effective March 31, 2024

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 23%

Third quarter 2024 earnings released: EPS: ₹64.82 (vs ₹11.83 loss in 3Q 2023)

Investor sentiment improves as stock rises 18%

Second quarter 2024 earnings released: EPS: ₹71.23 (vs ₹14.62 in 2Q 2023)

Upcoming dividend of ₹10.00 per share at 0.3% yield

Force Motors Limited to Report Fiscal Year 2024 Results on May 30, 2024

Investor sentiment improves as stock rises 20%

Force Motors Limited, Annual General Meeting, Sep 28, 2023

First quarter 2024 earnings released: EPS: ₹52.04 (vs ₹12.62 loss in 1Q 2023)

New major risk - Share price stability

Force Motors Limited to Report Q4, 2023 Results on Aug 09, 2023

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 33%

Force Motors Limited Announces Appointment of Nikhil Deshpande as Company Secretary

Full year 2023 earnings released: EPS: ₹101 (vs ₹69.12 loss in FY 2022)

Force Motors Limited Announces the Resignation of Mr. Gaurav Deshmukh as Company Secretary and Compliance Officer of the Company

Third quarter 2023 earnings released: ₹11.83 loss per share (vs ₹32.52 loss in 3Q 2022)

Force Motors Limited to Report Q3, 2023 Results on Feb 09, 2023

Second quarter 2023 earnings released: EPS: ₹14.62 (vs ₹0.81 loss in 2Q 2022)

Second quarter 2023 earnings released: EPS: ₹14.62 (vs ₹0.81 loss in 2Q 2022)

Force Motors Limited to Report First Half, 2023 Results on Nov 11, 2022

Force Motors Limited Announces Change in Directorate

Less than half of directors are independent

Force Motors Limited Announces Board Resignations

Upcoming dividend of ₹10.00 per share

Force Motors Limited, Annual General Meeting, Sep 28, 2022

First quarter 2023 earnings released: ₹12.62 loss per share (vs ₹3.32 loss in 1Q 2022)

Force Motors Limited to Report Q1, 2023 Results on Aug 13, 2022

Full year 2022 earnings released: ₹69.13 loss per share (vs ₹93.83 loss in FY 2021)

Insufficient new directors

Force Motors Limited Announces Executive Changes

Force Motors Limited Announces Resignation of Anant Talaulicar as Independent Director

Insufficient new directors

Insufficient new directors

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

Second quarter 2022 earnings released: ₹0.81 loss per share (vs ₹10.66 profit in 2Q 2021)

First quarter 2022 earnings released: ₹3.32 loss per share (vs ₹49.34 loss in 1Q 2021)

Force Motors Limited Approves Dividend for the Financial Year Ended March 31, 2021

Force Motors Limited Announces Block Closure at its Plant at Pithampur, Madhya Pradesh

New 90-day low: ₹1,285

Third quarter 2021 earnings released: ₹14.41 loss per share (vs ₹10.45 profit in 3Q 2020)

Force Motors Limited to Report Q3, 2021 Results on Feb 12, 2021

New 90-day high: ₹1,260

Second quarter 2021 earnings released: EPS ₹10.66

New 90-day high: ₹1,206

Upcoming Dividend of ₹10.00 Per Share

New 90-day high - ₹1,027

First quarter earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age